September 13, 2021
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Technical & Derivatives Report
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook - (36683)
The second week in September series started on a cheerful note but
this was merely a formality as we saw decent profit booking in the
initial hour to conclude the session in red. This was followed by
another round of profit booking on the subsequent day to drag the
banking index below 36200 but fortunately smart recovery was seen
thereafter for next two session to conclude the truncated week two
tenth of a percent lower to previous weeks close. Throughout the
August series, the banking index struggle to surpass the sturdy wall
placed around 36200-36300 and same acted as a support zone last
week. If we look at the hourly chart, the 89 EMA also coincides with
the above mentioned levels and considering the recovery seen it has
certainly gained more importance. Going ahead, until we manage to
sustain above 36000-36200 on the closing basis there isn’t anything
to be worried above but any fall below this shall be a sign of caution.
Key Levels
Support 1 36200
Resistance 1 37000
Support 2 36000
Resistance 2 37200
Exhibit 2: Nifty Bank Daily Chart
It may look a bit contradictory to adopt a cautious stance when market
is making new highs almost every day. But these mentioned evidences
have proved their efficacy in the past and hence cannot be overlooked.
So let’s see how things shape up going ahead. As far as levels are
concerned, 17450 17500 would now be seen as sturdy wall; whereas
on the flipside, the first sign of weakness would come only after
confirming a single day close below the support zone of 17300
17250. We advise traders to continue with a stock centric approach by
following strict stop losses and booking timely profit is also highly
recommended.
Key Levels
Support 1 17300
Resistance 1 17450
Support 2 17250
Resistance 2 17500
On the higher side, 37000-37200 shall be looked as strong
resistance zone. Traders are advised avoiding any aggressive bets
and focusing on individual counters.
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Technical & Derivatives Report
September 13, 2021
Nifty Vs OI
View
Nifty started the week on a positive note and registered
new records above 17400. However, we then saw a
consolidation throughout the week wherein the
benchmark resisted in the range of 17400-17450 while
buying interest was seen on dips at 17300- 17250.
FIIs were net buyers in cash market segment to the tune
of Rs. 423 crores. In index futures, they sold worth Rs.
1517 crores with decrease in open interest indicating
long unwinding and short formation on Thursday.
The index ended the week on a strong foot around
17370 but no major change in open interest was seen in
indices. FII’s unwound some of their longs in the index
futures and their ‘Long Short Ratio’ is above 63 percent.
There was no fresh build up in indices seen during the
last week but we believe the previous longs in Nifty are
still intact. In the nearby strikes, 17400 call and 17300
put has highest open interest outstanding. The near
term trading range for index is seen at 17200-17500
and hence, traders should prefer trading with a stock
specific approach.
Comments
The Nifty futures open interest has decreased by 0.60%.
Bank Nifty futures open interest has increased by 0.64%
as market closed at 17369.25 levels.
The Nifty September future closed with a premium of
10.8 point against a premium of 17.4 point in last
trading session. The October series closed at a premium
of 38.4 point.
The INDIA VIX decreased from 14.41 to 13.94. At the
same time, the PCR-OI of Nifty has increased from 1.17
to 1.27.
Few of the liquid counters where we have seen high cost
of carry are IDEA, OFSS, BHEL, INDHOTEL, AND
AMARAJABAT.
OI Gainers
SCRIP
OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
SBILIFE
10861500
63.66
1173.20
-3.90
OFSS
468875
28.37
4767.55
1.19
CANFINHOME
3828825
19.91
624.75
-2.36
NAM-INDIA
4785600
17.66
440.25
0.73
IEX
8885000
17.37
598.85
1.35
INDHOTEL
11469900
11.40
150.80
2.61
GUJGASLTD
3856250
10.10
680.00
-1.37
HDFCAMC
1533400
9.98
3248.35
-0.88
OI Losers
SCRIP
OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
IRCTC
1890850
-20.99
3295.00
0.28
ASHOKLEY
47016000
-11.18
125.30
2.87
NAUKRI
1104875
-6.65
6684.80
-0.51
COLPAL
2754850
-5.83
1735.45
1.70
GODREJCP
5354000
-4.05
1109.20
-0.02
UBL
1432200
-3.85
1599.95
#N/A
INDUSINDBK
15674400
-3.78
999.50
-0.08
DRREDDY
2784250
-3.61
4912.15
-0.01
Put-Call Ratio
SCRIP
PCR-OI
PCR-VOL
NIFTY
1.27
0.95
BANKNIFTY
0.82
0.90
RELIANCE
0.53
0.46
ICICIBANK
0.49
0.51
INFY
0.52
0.41
Historical Volatility
SCRIP
HV
SBILIFE
36.54
NESTLEIND
30.07
COROMANDEL
38.26
MARICO
29.67
SYNGENE
38.03
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Technical & Derivatives Report
September 13, 2021
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Spot = 17369.25
FII Statistics for September 09, 2021
Detail
Buy
Net
Contracts
Open Interest
Sell
Value
(in Cr.)
Change
INDEX
FUTURES
2397.92
3914.66
(1516.74)
169467
14902.07
(1.01)
INDEX
OPTIONS
577569.07
572677.56
4891.51
1136468
99560.16
(23.75)
STOCK
FUTURES
9877.15
11152.35
(1275.20)
1460932
124820.63
0.87
STOCK
OPTIONS
12228.83
12372.06
(143.23)
267231
22716.53
1.75
Total
602072.97
600116.63
1956.34
3034098
261999.39
(10.04)
Turnover on September 09, 2021
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
Index Futures
1,96,867
17575.58
-23.08
Index Options
10,65,63,936
95,84,089.47
59.53
Stock Futures
5,47,922
46166.54
-17.65
Stock Options
20,27,000
1,79,963.42
-17.06
Total
10,93,35,725
98,27,795.01
55.91
Bull-Call Spreads
Action
Strike
Price
Risk
Reward
BEP
Buy
17400
170.15
44.25
55.75
17444.25
Sell
17500
125.90
Buy
17400
170.15
79.35
120.65
17479.35
Sell
17600
90.80
Buy
17500
125.90
35.10
64.90
17535.10
Sell
17600
90.80
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Buy
17400
208.50
47.25
52.75
17352.75
Sell
17300
161.25
Buy
17400
208.50
83.75
116.25
17316.25
Sell
17200
124.75
Buy
17300
161.25
36.50
63.50
17263.50
Sell
17200
124.75
Nifty Put-Call Analysis
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Technical & Derivatives Report
September 13, 2021
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
739
744
748
753
757
ASIANPAINT
3,283
3,315
3,337
3,369
3,391
AXISBANK
780
785
789
795
799
BAJAJ-AUTO
3,674
3,687
3,708
3,721
3,742
BAJFINANCE
7,344
7,387
7,424
7,467
7,504
BAJAJFINSV
16,344
16,547
16,687
16,890
17,030
BPCL
486
489
490
493
495
BHARTIARTL
659
673
680
694
702
BRITANNIA
4,011
4,041
4,080
4,110
4,149
CIPLA
916
933
942
959
969
COALINDIA
146
147
149
150
152
DIVISLAB
5,008
5,032
5,058
5,081
5,107
DRREDDY
4,859
4,885
4,904
4,931
4,949
EICHERMOT
2,747
2,782
2,808
2,843
2,869
GRASIM
1,557
1,578
1,590
1,611
1,623
HCLTECH
1,174
1,186
1,196
1,208
1,217
HDFCBANK
1,551
1,560
1,570
1,578
1,588
HDFCLIFE
728
733
740
744
751
HDFC
2,793
2,811
2,833
2,851
2,873
HEROMOTOCO
2,745
2,771
2,789
2,814
2,832
HINDALCO
451
457
462
468
473
HINDUNILVR
2,764
2,787
2,805
2,829
2,847
ICICIBANK
714
717
721
724
727
IOC
111
112
113
114
116
INDUSINDBK
987
993
1,000
1,006
1,013
INFY
1,677
1,684
1,690
1,697
1,702
ITC
209
211
212
214
216
JSW STEEL
679
684
688
693
696
KOTAKBANK
1,787
1,803
1,822
1,837
1,857
LT
1,643
1,657
1,669
1,682
1,694
M&M
743
747
752
756
761
MARUTI
6,708
6,755
6,787
6,834
6,865
NESTLEIND
19,590
20,023
20,274
20,708
20,959
NTPC
113
114
114
115
116
ONGC
116
119
121
125
127
POWERGRID
171
172
173
174
175
RELIANCE
2,405
2,415
2,427
2,437
2,448
SBILIFE
1,149
1,161
1,180
1,193
1,212
SHREECEM
30,205
30,438
30,634
30,867
31,063
SBIN
428
430
432
434
436
SUNPHARMA
766
771
777
782
787
TCS
3,745
3,768
3,788
3,812
3,832
TATACONSUM
864
870
879
885
894
TATAMOTORS
289
294
299
304
309
TATASTEEL
1,408
1,427
1,440
1,459
1,472
TECHM
1,404
1,419
1,428
1,443
1,452
TITAN
2,000
2,017
2,038
2,056
2,077
ULTRACEMCO
7,858
7,899
7,941
7,982
8,024
UPL
750
754
758
762
766
WIPRO
650
656
660
667
671
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Technical & Derivatives Report
September 13, 2021
*
Research Team Tel: 022 39357600 (Extn. 6844) Website: www.angelone.in
For Technical Queries E-mail: te[email protected]om
For Derivatives Queries E-mail: deri[email protected]m
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