September 03, 2021
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Technical & Derivatives Report
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook - (36831)
The banking index had a quite start yesterday after Wednesday’s zig
zag move. After some initial trades, the banking index resumed its
northward trajectory and thereafter had a steady up move to
conclude the weekly expiry with seven tenths of a percent gains.
The move in banking space was not at all overpowering but it wasn’t
unnoticeable either. So we can say with its average performance, it
did manage to contribute a little in pushing the benchmark index at
new highs. Going ahead, 37000 – 37100 are the levels to watch out
for and any move beyond this zone would trigger some buying
interest in banking conglomerates. Until then expect some range
bound movement where 36400 – 36200 would be considered a key
support zone.
Key Levels
Support 1 – 36400
Resistance 1 – 37000
Support 2 – 36200
Resistance 2 – 37100
Exhibit 2: Nifty Bank Daily Chart
Sensex (57853) / Nifty (17234)
Nifty started the session marginally positive and it then crept higher
throughout the day to post its highest close at 17234 with gains of
almost a percent.
The bulls continue with their relentless run and with a broad market
participation, Nifty has ended comfortably above 17200. The index
heavyweights have seen a good buying interest this week which has led
to the acceleration of the momentum. Yesterday, we highlighted that
the RSI oscillator on lower time frame charts is overbought and next
couple of sessions could be crucial to determine whether there’s any
pause in the ongoing trend. As of now, there’s no sign of weakness and
hence, we may see the index moving towards its next resistances of
17270 and 17330. The near term support zone is now placed around
17100-17050 for Nifty. Traders are advised to look for sectors/stocks
which are in momentum on a given day and trade with the trend in such
counters. Also, at higher levels one should look to book timely profits
on their trading positions.
Key Levels
Support 1 – 17100
Resistance 1 – 17270
Support 2 – 17050
Resistance 2 – 17330
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September 03, 2021
Nifty Vs OI
View
The opening on the weekly expiry was slightly positive.
As we progressed, post some consolidation index
regained strength to surpass 17200 and then hits fresh
record highs of 17245.50.
FIIs were net buyers in cash market segment to the tune
of Rs. 349 crores. In index futures, they bought to the
tune of Rs. 1228 crores with fall in open interest
suggesting short covering in yesterday’s session.
In F&O space, Nifty added fresh longs whereas, short
covering was observed in banking index. In index
options segment, we saw good amount of writing in
17150-17200 puts. On the other side, good amount of
unwinding was seen in 17100-17500 calls except for
17250 strike which added fresh positions. FIIs too
continued adding longs in equites and stock futures;
while, short coverering was seen index futures.
Considering the above data point, we maintain our
optimistic stance on market.
Comments
The Nifty futures open interest has increased by 4.01%.
Bank Nifty futures open interest has decreased by 3.55%
as market closed at 17234.15 levels.
The Nifty September future closed with a premium of
22.75 point against a premium of 20.70 point in last
trading session. The October series closed at a premium
of 36.90 point.
The INDIA VIX increased from 14.18 to 14.24. At the
same time, the PCR-OI of Nifty has increased from 1.17
to 1.32.
Few of the liquid counters where we have seen high cost
of carry are IDEA, BATAINDIA, AMBUJACEM,
KOTAKBANK and BHARATFORG.
OI Gainers
SCRIP
OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
AARTIIND
3359200
22.92
920.70
0.40
IDEA
528920000
20.01
7.15
17.89
COFORGE
853600
13.87
5157.95
0.03
EXIDEIND
32540400
12.65
178.20
4.89
ICICIPRULI
7231500
12.17
676.10
2.82
CONCOR
7868142
11.69
735.70
7.02
UBL
1820000
11.06
1563.35
1.00
ESCORTS
7195100
11.01
1311.35
-2.91
OI Losers
SCRIP
OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
DLF
40580100
-6.23
338.90
1.82
BHARTIARTL
74935884
-6.07
666.50
-0.03
VOLTAS
3211500
-5.68
1085.35
3.54
SHREECEM
185225
-3.49
30321.90
6.41
APOLLOHOSP
2125500
-3.02
5043.50
0.24
HINDALCO
34920300
-2.84
456.95
0.00
CIPLA
11417900
-2.64
955.20
3.50
AUROPHARMA
15863250
-2.63
746.85
1.94
Put-Call Ratio
SCRIP
PCR-OI
PCR-VOL
NIFTY
1.32
0.91
BANKNIFTY
1.16
0.95
RELIANCE
0.48
0.32
ICICIBANK
0.55
0.43
INFY
0.53
0.29
Historical Volatility
SCRIP
HV
SHREECEM
39.07
IDEA
106.18
HDFCLIFE
38.51
CONCOR
47.30
EXIDEIND
34.08
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September 03, 2021
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Spot = 17234.15
FII Statistics for September 02, 2021
Detail
Buy
Net
Contracts
Open Interest
Sell
Value
(in Cr.)
Change
INDEX
FUTURES
3825.56
2597.10
1228.46
171395
14975.32
(1.12)
INDEX
OPTIONS
667319.47
670700.51
(3381.04)
1079032
93951.43
(34.36)
STOCK
FUTURES
12857.23
12395.30
461.93
1448054
123027.23
0.32
STOCK
OPTIONS
15191.82
15178.44
13.38
197766
17121.35
6.84
Total
699194.08
700871.35
(1677.27)
2896247
249075.33
(15.95)
Turnover on September 02, 2021
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
Index Futures
2,25,944
20070.49
-30.27
Index Options
11,35,25,755
1,01,58,009.74
48.91
Stock Futures
7,07,863
59294.42
-10.95
Stock Options
24,38,431
2,11,838.03
-6.25
Total
11,68,97,993
1,04,49,212.68
46.28
Bull-Call Spreads
Action
Strike
Price
Risk
Reward
BEP
Buy
17200
244.30
54.15
45.85
17254.15
Sell
17300
190.15
Buy
17200
244.30
98.75
101.25
17298.75
Sell
17400
145.55
Buy
17300
190.15
44.60
55.40
17344.60
Sell
17400
145.55
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Buy
17200
199.95
41.35
58.65
17158.65
Sell
17100
158.60
Buy
17200
199.95
73.80
126.20
17126.20
Sell
17000
126.15
Buy
17100
158.60
32.45
67.55
17067.55
Sell
17000
126.15
Nifty Put-Call Analysis
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September 03, 2021
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
736
745
753
762
769
ASIANPAINT
3,243
3,273
3,296
3,325
3,348
AXISBANK
787
795
800
808
814
BAJAJ-AUTO
3,670
3,696
3,742
3,768
3,814
BAJFINANCE
7,369
7,434
7,510
7,575
7,651
BAJAJFINSV
16,448
16,576
16,738
16,866
17,028
BPCL
475
477
479
482
484
BHARTIARTL
658
662
668
672
678
BRITANNIA
3,962
4,024
4,064
4,126
4,166
CIPLA
910
932
946
969
983
COALINDIA
140
141
142
143
145
DIVISLAB
5,097
5,131
5,188
5,222
5,279
DRREDDY
4,764
4,812
4,858
4,906
4,952
EICHERMOT
2,661
2,697
2,723
2,758
2,784
GRASIM
1,475
1,487
1,497
1,509
1,519
HCLTECH
1,142
1,157
1,170
1,185
1,198
HDFCBANK
1,563
1,576
1,584
1,597
1,605
HDFCLIFE
696
727
752
783
807
HDFC
2,719
2,748
2,767
2,796
2,814
HEROMOTOCO
2,688
2,709
2,724
2,745
2,760
HINDALCO
450
453
459
463
469
HINDUNILVR
2,701
2,751
2,780
2,831
2,860
ICICIBANK
713
719
724
730
734
IOC
108
109
110
111
111
INDUSINDBK
989
999
1,006
1,017
1,023
INFY
1,650
1,670
1,682
1,701
1,714
ITC
208
209
210
211
213
JSW STEEL
673
679
684
690
695
KOTAKBANK
1,725
1,751
1,770
1,795
1,814
LT
1,665
1,675
1,693
1,703
1,721
M&M
735
744
759
768
783
MARUTI
6,636
6,714
6,787
6,865
6,937
NESTLEIND
19,568
19,904
20,097
20,433
20,626
NTPC
114
115
116
117
118
ONGC
117
118
119
120
121
POWERGRID
173
175
175
177
177
RELIANCE
2,233
2,264
2,286
2,316
2,339
SBILIFE
1,213
1,228
1,239
1,254
1,265
SHREECEM
27,738
29,031
29,773
31,065
31,808
SBIN
425
427
430
433
436
SUNPHARMA
784
787
791
794
799
TCS
3,669
3,753
3,806
3,890
3,943
TATACONSUM
857
864
870
877
882
TATAMOTORS
289
291
294
296
298
TATASTEEL
1,400
1,413
1,422
1,435
1,444
TECHM
1,406
1,422
1,437
1,453
1,469
TITAN
1,932
1,949
1,964
1,982
1,997
ULTRACEMCO
7,670
7,811
7,903
8,044
8,135
UPL
741
747
752
759
764
WIPRO
633
642
650
659
666
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September 03, 2021
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Research Team Tel: 022 – 39357600 (Extn. 6844) Website: www.angelone.in
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