September 09, 2021
www.angelone.in
Technical & Derivatives Report
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook - (36768)
Bank Nifty yesterday started on a flat note and then an intraday dip
was seen along with the benchmark index. However in the
penultimate hour the bank index sharply bounced back to eventually
end with gains of 0.82% at 36768.
Yesterday, Bank Nifty outperformed and came as a saviour when
things started looking bleak for the markets. It helped benchmark
Index to bounce from intraday dips and it would be crucial to see if it
continues with its outperformance. For the weekly expiry, Bank Nifty
seems to have resistance around the 37000 levels and if it sustains
above the same we may see further leg of upmove whereas on the
flip side, 36400 - 36300 remain a key support to watch. Traders are
advised to keep a tab on these levels and trade accordingly.
Key Levels
Support 1 – 36400
Resistance 1 – 37000
Support 2 – 36300
Resistance 2 – 37200
Exhibit 2: Nifty Bank Daily Chart
Sensex (58250) / Nifty (17353)
We had a flat opening yesterday in line with quiet global cues. However
the intraday movement was exactly a replica of Tuesday’s session. After
consolidating above 17350 throughout the first half, the index suddenly
started correcting post the mid session and within no time, it tested the
17250 mark. Once again the mighty bears came for a rescue and lifted
the benchmark to a comfortable position.
The benchmark index Nifty looks a bit uncomfortable around 17400 but
the moment it falls by nearly a percent, the buying tends to happen
immediately. So ideally both counterparties are trying to show their
presence. As of now, clearly bulls are having a firm grip on the market
but as we have been mentioning since a week or so, they would find a
bit difficult now going ahead. With a short term view, we remain
cautious and advise traders booking profits in the rally. As far as levels
are concerned, 17400 - 17450 remains to a sturdy wall; whereas on the
flipside, 17300 - 17250 are the levels to watch on a closing basis.
Key Levels
Support 1 – 17300
Resistance 1 – 17450
Support 2 – 17250
Resistance 2 – 17500
www.angelone.in
September 09, 2021
Nifty Vs OI
View
Nifty started this week on a positive note and has
consolidated within a slender range with some hint of
profit booking being witnessed whenever it approached
the zone of 17400 - 17450. However on the flipside, the
buying interest was clearly visible on all intraday
declines towards 17300.
FIIs were net sellers in cash market segment to the tune
of Rs. 803 crores. In index futures, they bought
marginally to the tune of Rs. 44 crores with increase in
open interest.
There is not much change in open interest in Nifty but
long unwinding was observed in the Bank Nifty on
Tuesday. However, the banking index showed some
encouraging signs on Wednesday. It is very close to its
resistance of 37000 where highest open interest in call
option is seen. So if this index surpasses the 37000 mark
and the call writers unwind their positions, then the
outperformance could continue in this space. In Nifty
options, 17400 and 17500 calls have a good amount of
open interest, whille 17300 and 17200 puts also have
seen decent build up. Looking at the data, we advise
traders to lighten up their longs in Nifty on pullback and
trade with a stock specific approach.
Comments
The Nifty futures open interest has decreased by 0.61%.
Bank Nifty futures open interest has decreased by 1.26%
as market closed at 17353.50 levels.
The Nifty September future closed with a premium of
17.4 point against a premium of 13.7 point in last
trading session. The October series closed at a premium
of 43.45 point.
The INDIA VIX decreased from 14.90 to 14.41. At the
same time, the PCR-OI of Nifty has decreased from 1.20
to 1.17.
Few of the liquid counters where we have seen high cost
of carry are IDEA, INDHOTEL, HDFCAMC, NESTLEIND,
AND ICICIGI
OI Gainers
SCRIP
OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
TRENT
2022750
36.16
1034.00
3.59
NAUKRI
1183625
17.38
6715.45
8.49
NAM-INDIA
4067200
17.20
435.80
4.08
HDFCAMC
1394200
17.06
3267.60
5.00
INDIAMART
274800
14.43
8999.35
2.78
IRCTC
2393300
12.86
3296.10
0.24
CANFINHOME
3193125
12.08
639.90
3.82
OFSS
365250
11.02
4711.20
-0.43
OI Losers
SCRIP
OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
VOLTAS
2943500
-5.17
1206.60
1.59
FEDERALBNK
79660000
-4.56
83.10
1.95
ICICIPRULI
6859500
-4.03
717.15
2.32
UBL
1489600
-3.71
1592.60
#N/A
TCS
9604800
-3.70
3774.15
-1.05
METROPOLIS
325600
-3.55
2929.20
1.83
NATIONALUM
115090000
-3.48
96.40
0.00
BHARTIARTL
73042311
-3.45
667.85
-0.33
Put-Call Ratio
SCRIP
PCR-OI
PCR-VOL
NIFTY
1.17
0.95
BANKNIFTY
0.94
0.89
RELIANCE
0.55
0.51
ICICIBANK
0.50
0.43
INFY
0.53
0.48
Historical Volatility
SCRIP
HV
NAUKRI
51.05
HDFCAMC
38.25
RECLTD
43.84
NESTLEIND
29.86
PFC
44.39
www.angelone.in
September 09, 2021
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Spot = 17353.50
FII Statistics for September 08, 2021
Detail
Buy
Net
Contracts
Open Interest
Sell
Value
(in Cr.)
Change
INDEX
FUTURES
2979.84
2935.36
44.48
171188
15031.41
0.72
INDEX
OPTIONS
435752.11
445522.03
(9769.92)
1490356
131216.42
(7.08)
STOCK
FUTURES
11944.54
12897.99
(953.45)
1448361
123757.94
0.05
STOCK
OPTIONS
15819.37
16263.39
(444.02)
262638
22277.69
5.86
Total
466495.86
477618.77
(11122.91)
3372543
292283.46
(2.80)
Turnover on September 08, 2021
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
Index Futures
2,55,394
22848.59
-21.65
Index Options
6,69,25,521
60,07,775.91
17.02
Stock Futures
6,68,388
56061.34
-5.83
Stock Options
24,82,401
2,16,983.00
-10.31
Total
7,03,31,704
63,03,668.84
15.35
Bull-Call Spreads
Action
Strike
Price
Risk
Reward
BEP
Buy
17400
182.95
46.05
53.95
17446.05
Sell
17500
136.90
Buy
17400
182.95
82.65
117.35
17482.65
Sell
17600
100.30
Buy
17500
136.90
36.60
63.40
17536.60
Sell
17600
100.30
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Buy
17400
217.10
46.55
53.45
17353.45
Sell
17300
170.55
Buy
17400
217.10
82.30
117.70
17317.70
Sell
17200
134.80
Buy
17300
170.55
35.75
64.25
17264.25
Sell
17200
134.80
Nifty Put-Call Analysis
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September 09, 2021
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
731
739
746
754
761
ASIANPAINT
3,267
3,302
3,332
3,366
3,396
AXISBANK
777
786
792
800
806
BAJAJ-AUTO
3,686
3,706
3,738
3,757
3,789
BAJFINANCE
7,360
7,412
7,463
7,514
7,566
BAJAJFINSV
16,300
16,430
16,660
16,790
17,020
BPCL
477
483
488
494
499
BHARTIARTL
653
661
672
679
691
BRITANNIA
3,983
4,022
4,055
4,094
4,127
CIPLA
935
943
948
957
961
COALINDIA
145
147
148
151
152
DIVISLAB
4,944
5,014
5,119
5,189
5,294
DRREDDY
4,826
4,868
4,904
4,947
4,983
EICHERMOT
2,734
2,767
2,795
2,828
2,856
GRASIM
1,523
1,550
1,579
1,606
1,636
HCLTECH
1,158
1,174
1,182
1,198
1,206
HDFCBANK
1,559
1,568
1,574
1,583
1,589
HDFCLIFE
728
736
742
749
755
HDFC
2,778
2,804
2,828
2,853
2,878
HEROMOTOCO
2,766
2,782
2,796
2,812
2,826
HINDALCO
448
452
459
463
470
HINDUNILVR
2,747
2,774
2,792
2,819
2,837
ICICIBANK
712
716
720
724
727
IOC
110
112
112
113
114
INDUSINDBK
975
987
1,005
1,017
1,034
INFY
1,674
1,684
1,692
1,702
1,710
ITC
208
210
211
213
215
JSW STEEL
677
682
687
692
697
KOTAKBANK
1,726
1,771
1,799
1,844
1,872
LT
1,636
1,651
1,673
1,688
1,710
M&M
745
750
754
759
763
MARUTI
6,696
6,739
6,799
6,841
6,901
NESTLEIND
19,307
19,573
20,052
20,318
20,797
NTPC
111
113
114
115
116
ONGC
117
118
119
120
121
POWERGRID
169
171
172
174
176
RELIANCE
2,383
2,407
2,431
2,455
2,478
SBILIFE
1,191
1,206
1,226
1,241
1,261
SHREECEM
30,045
30,420
30,675
31,050
31,305
SBIN
423
427
431
435
439
SUNPHARMA
758
768
773
783
789
TCS
3,723
3,748
3,782
3,807
3,841
TATACONSUM
846
863
872
889
898
TATAMOTORS
288
292
295
299
302
TATASTEEL
1,406
1,418
1,430
1,442
1,454
TECHM
1,408
1,418
1,430
1,440
1,453
TITAN
1,994
2,025
2,046
2,077
2,098
ULTRACEMCO
7,876
7,934
8,004
8,062
8,132
UPL
736
749
761
774
786
WIPRO
650
656
666
672
681
www.angelone.in
September 09, 2021
*
Research Team Tel: 022 – 39357600 (Extn. 6844) Website: www.angelone.in
For Technical Queries E-mail: technicalresearch-cso@angelbroking.com
For Derivatives Queries E-mail: derivatives.desk@angelbroking.com
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