Technical & Derivatives Report

August 19, 2020

Sensex (38528) / Nifty (11385) Exhibit 1: Nifty Daily Chart

The index started the session on a flat note yesterday, however it

rallied higher in the first hour of the day upto 11340. It then
consolidated below that level and resumed the positive
momentum at the end and tested the 11400 mark in last half an
hour.

Post testing the ‘20 DEMA’ and the Rising trendline support around
11100, Nifty showed a mild recovery on Monday and ended
around the mid-point of the recent trading range of 11100-11370.
However, yesterday it resumed the positive momentum and
surpassed its swing high of 11370. Such breakouts usually leads to
a continuation of the trend and the overall market breadth too is
in favor of the bulls. The follow up move in the coming session will
be important as if the momentum continues, then it will lead the
index towards 11465 followed by 11625. These are the projections
done by the reciprocal retracements of the recent corrective move.
On the flipside, 11250 will now be seen as an important support.

In last few sessions, inspite of the consolidation in the index, the

stock specific moves have provided good trading opportunities.
We continue with our advise for traders to look for such potentials
and trade with a positive bias.

Key Levels
Support 1 – 11300 Resistance 1 – 11465
Support 2 – 11250 Resistance 2 – 11500

Nifty Bank Outlook - (22171) Exhibit 2: Nifty Bank Daily Chart

Bank Nifty stayed around its lower end of the range for couple of
days and yesterday, since morning, it remained under focus. We
had a positive start along with the benchmark, but later on
banking index accelerated it’s momentum to outperform Nifty by
a fair margin. In fact due to late surge, the Bank Nifty eventually
ended the session with more than a couple of percent gains.

The AGR verdict is expected any time and just ahead of it, the
banking space showed some action. But having said that, we still
do not want to get complacent and will keep a track of key levels
now. Going ahead, if Bank Nifty stays beyond 22500, we may see
banking stocks regaining strength and leading the move
thereafter. Till then, the range remains to be 22500-21400 and
the intermediate supports are placed at 22000-21800.

Key Levels
Support 1 – 22000 Resistance 1 – 22350
Support 2 – 21800 Resistance 2 – 22500

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Comments Nifty Vs OI
 The Nifty futures open interest has increased by 4.82% (`000) Openinterest Nifty
Bank Nifty futures open interest has decreased by 3.94% 12,200 11500

as market closed at 11385.35 levels. 12,000 11400

 The Nifty August future closed with a premium of 13.2 11,800 11300
point against a premium of 21 point in last trading 11,600
11200
session. The September series closed at a premium of 11,400
24.65 point. 11,200
11100

 The INDIA VIX has decreased from 21.31 to 20.43 11000

11,000
At the same time, the PCR-OI of Nifty increased from 1.50 10900
10,800
to 1.65. 10800
10,600
 Few of the liquid counters where we have seen high cost
10700
of carry are MANAPPURAM, PNB, IDEA, FEDERALBNK, 10,400

AND MFSL. 10,200 10600

8/3 8/4 8/5 8/6 8/7 8/10 8/11 8/12 8/13 8/14 8/17 8/18

Views
OI Gainers
 After a flat opening, Nifty rallied higher in yesterday's
OI PRICE
session and surpassed recent swing high to close at SCRIP OI PRICE
CHG. (%) CHG. (%)
11385.35. GODREJPROP 751400 74.62 891.85 2.24
ADANIENT 23360000 24.23 213.70 7.79
 FIIs were net buyers in the cash market segment to the
tune of Rs. 1135 crores. In index futures, they sold worth IBULHSGFIN 17735100 21.05 207.75 2.30

161 crores with increase in open interest indicating PAGEIND 123570 15.73 19101.10 -1.20

short formations in yesterday’s session. BPCL 21052800 11.18 402.30 -1.54

ZEEL 51630000 11.00 173.95 2.37
 FII's were net buyers in the cash segment to the tune of SRF 775250 10.16 4282.50 3.37
more than 1100 crores. Although they added marginal GAIL 29353200 9.02 96.95 -0.87
shorts in the index futures, their overall position remains
bullish as their 'Long Short Ratio' stands around 65
percent. In options segment, 11300 call options saw OI Losers
unwinding of positions whereas 11300 put option OI PRICE
SCRIP OI PRICE
added decent amount of positions. The 11400 call has CHG. (%) CHG. (%)
highest amount open interest and if Nifty surpasses the SUNTV 6687000 -9.96 434.30 1.52
same, then traders should keep a tab on how the writers CONCOR 6275445 -9.20 392.60 1.70
act on their positions. If there's unwinding seen, then ASHOKLEY 46719000 -8.37 68.50 8.62
the index could continue the momentum towards its JINDALSTEL 19785000 -8.02 224.90 0.60
next hurdle of 11500. On the flipside, 11300 will now EXIDEIND 11145600 -7.55 168.95 2.64
be seen as immediate support as per the options data. BATAINDIA 2094950 -6.76 1256.50 1.00
UJJIVAN 2721400 -6.07 242.70 2.64
SHREECEM 127650 -5.83 21914.05 1.95

Historical Volatility Put-Call Ratio

SCRIP HV SCRIP PCR-OI PCR-VOL
ADANIENT 61.26 NIFTY 1.65 0.95
GRASIM 53.70 BANKNIFTY 1.07 0.82
ASHOKLEY 74.98 RELIANCE 0.62 0.43
CHOLAFIN 84.89 ICICIBANK 0.52 0.49
DLF 66.42 INFY 0.63 0.54

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FII Statistics for August 18, 2020 Turnover on August 18, 2020
Open Interest
No. of Turnover Change
Detail Buy Sell Net Instrument
Value Change Contracts ( in Cr. ) (%)
Contracts
(in Cr.) (%)
INDEX
3226.63 3387.82 (161.19) 123503 9571.40 0.93 Index Futures 4,13,298 27360.10 5.49
FUTURES
INDEX
172951.55 171909.02 1042.53 663547 53329.01 (0.63) Index Options 1,93,08,934 13,13,425.24 22.13
OPTIONS
STOCK
13903.31 13864.50 38.81 1284000 90684.15 (0.19) Stock Futures 8,01,600 55853.52 1.41
FUTURES
STOCK
6233.56 6220.46 13.10 97870 6952.08 1.33 Stock Options 12,79,595 94128.05 4.86
OPTIONS

Total 196315.05 195381.80 933.25 2168920 160536.64 (0.19) Total 2,18,03,427 14,90,766.91 19.62

Nifty Spot = 11385.35

Bull-Call Spreads Bear-Put Spreads

Action Strike Price Risk Reward BEP Action Strike Price Risk Reward BEP

Buy 11400 126.15 Buy 11400 127.80

49.95 50.05 11449.95 37.15 62.85 11362.85
Sell 11500 76.20 Sell 11300 90.65

Buy 11400 126.15 Buy 11400 127.80

84.50 115.50 11484.50 64.75 135.25 11335.25
Sell 11600 41.65 Sell 11200 63.05

Buy 11500 76.20 Buy 11300 90.65

34.55 65.45 11534.55 27.60 72.40 11272.40
Sell 11200 63.05
Sell 11600 41.65

Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.

Nifty Put-Call Analysis

4000,000

Call Put
3500,000

3000,000

2500,000

2000,000

1500,000

1000,000

500,000

,0
10700 10800 10900 11000 11100 11200 11300 11400 11500 11600 11700 11800 11900 12000

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Daily Pivot Levels for Nifty Constituents

Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 352 355 357 360 362
ASIANPAINT 1,810 1,842 1,863 1,895 1,916
AXISBANK 431 438 443 450 455
BAJAJ-AUTO 3,061 3,083 3,115 3,137 3,169
BAJFINANCE 3,337 3,378 3,408 3,450 3,480
BAJAJFINSV 6,187 6,265 6,320 6,398 6,453
BPCL 395 398 405 409 415
BHARTIARTL 516 521 525 530 534
INFRATEL 195 198 201 204 207
BRITANNIA 3,845 3,880 3,910 3,945 3,975
CIPLA 753 759 769 775 786
COALINDIA 134 135 137 138 140
DRREDDY 4,457 4,489 4,524 4,556 4,592
EICHERMOT 20,784 21,094 21,382 21,692 21,980
GAIL 96 96 97 98 99
GRASIM 598 633 656 690 713
HCLTECH 707 711 716 720 725
HDFCBANK 1,007 1,032 1,047 1,071 1,086
HDFC 584 591 596 603 607
HEROMOTOCO 1,785 1,803 1,814 1,832 1,843
HINDALCO 2,872 2,898 2,931 2,957 2,990
HINDUNILVR 190 193 195 198 200
ICICIBANK 2,179 2,197 2,207 2,224 2,235
IOC 359 364 367 373 375
INDUSINDBK 86 86 87 88 88
INFY 499 510 518 529 536
ITC 955 961 965 972 976
JSW STEEL 196 197 199 200 201
KOTAKBANK 263 270 275 282 286
LT 1,297 1,333 1,354 1,390 1,411
M&M 990 997 1,003 1,010 1,015
MARUTI 611 617 625 631 639
NESTLEIND 6,696 6,794 6,860 6,958 7,024
NTPC 16,183 16,369 16,497 16,682 16,810
ONGC 92 93 96 97 99
POWERGRID 78 79 81 82 83
RELIANCE 175 176 178 180 181
SHREECEM 2,060 2,089 2,112 2,141 2,164
SBIN 21,355 21,635 21,792 22,072 22,230
SUNPHARMA 190 193 194 197 198
TCS 518 522 528 532 538
TATAMOTORS 2,228 2,249 2,269 2,290 2,310
TATASTEEL 122 124 126 128 129
TECHM 413 424 430 441 447
TITAN 699 706 717 724 735
ULTRACEMCO 1,114 1,130 1,141 1,157 1,168
UPL 3,988 4,079 4,129 4,220 4,270
VEDANTA 483 492 500 509 517
WIPRO 278 280 284 286 290
ZEEL 159 166 173 180 187

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August 19, 2020

Technical and Derivatives Team:

Sameet Chavan Chief Analyst - Technical & Derivatives sameet.chavan@angelbroking.com

Ruchit Jain Senior Analyst - Technical & Derivatives ruchit.jain@angelbroking.com

Rajesh Bhosale Technical Analyst rajesh.bhosle@angelbroking.com

Sneha Seth Derivatives Analyst sneha.seth@angelbroking.com

Research Team Tel: 022 – 39357600 (Extn. 6844) Website: www.angelbroking.com

For Technical & Derivatives Queries E-mail: technicalresearch-cso@angelbroking.com

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