www.angelbroking.com
July 02, 2021
Technical & Derivatives Report
Nifty
Bank Out
look
-
(
34684)
Quite similar to the last couple of sessions, the bank nifty started
on a flat note, and an attempt to bounce got sold into. Yesterday
on the weekly expiry we didn't see major traction and after a
gradual decline Bank Nifty ended with a minor loss of 0.25% at
34684.
As mentioned in the previous outlook and as seen in the chart, the
bank index is approaching the key support level of trendline
joining higher bottoms. Hence, we are now placed at a make or
break level and if any bounce has to come then it has to be from
the current levels. Going ahead crucial support is placed around
34525 followed by 34200 whereas resistance is placed around
35000 and 35250 levels. Traders can prefer having a stock-
specific approach from the space however one should avoid
aggressive bets overnight on the weekend.
Key Levels
Support 1 – 34525 Resistance 1 – 35000
Support 2 – 34200 Resistance 2 – 35250
Exhibit 1: Nifty Daily Chart
Exhibit 2: Nifty Bank Daily Chart
Sensex (52319) / Nifty (15680)
For the second straight session, we started the proceedings
marginally higher as indicated by the SGX Nifty. However, the buying
interest is still missing and as a result, markets are finding it extremely
difficult to sustain at higher levels. Barring one attempt of recovery at
the mid-session, the index remained under a bit of pressure
throughout the session. However the damage is not big though and
hence, the weekly expiry ended tad below 15700 with nominal losses.
Throughout this week, the intraday price action was quite identical
where we see index sliding from the opening point and closing
almost at the lowest point of the day. As a momentum trader, one
needs volatility in the market and if not volatility then a good stock
specific action at least. Since last few days, both these important
factors are missing and this consolidation in a slender range is really
frustrating traders now. In such times, it’s better not to trade
aggressively and more importantly, avoiding compulsive trades is the
key here. As far as levels are concerned, Nifty is very close to its crucial
support i.e. 15650. If any recovery has to happen, it’s the best place
for bulls to take the charge. If we do not sustain here, we may see
weakness persisting to test 15550 – 15450 levels. On the higher side,
15750 followed by 15850 are to be seen as immediate hurdles.
Key Levels
Support 1 – 15700 Resistance 1 – 15800
Support 2 – 15650 Resistance 2 – 15900
www.angelbroking.com
Technical & Derivatives Report
July 02, 2021
Nifty Vs OI
15550
15600
15650
15700
15750
15800
15850
15900
,0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
6/14 6/16 6/18 6/22 6/24 6/28 6/30
(`000)
Openinterest Nifty
View
Nifty consolidated within a narrow range on the weekly
expiry day and ended with a loss of about a quarter of a
percent.
FIIs were net sellers in the cash segment to the tune of
Rs. 1245 crores. In index futures front, they sold worth
Rs 294 crores with increase in open interest indicating
short formations in yesterday’s session.
The boredom continues on the index front as the
momentum has been missing since last couple of days.
We witnessed marginal short additions in Bank Nifty
while no major addition was seen in Nifty. FII's were
sellers in the cash segment and added some shorts.
However, the Nifty PCR OI is at 0.89 which is a sign of
oversold market. Nifty is trading around the support zone
of 15650-15600 and hence, we could see a pullback
move in the near term.
C
o
mme
n
t
s
The Nifty futures open interest has increased by 0.37%.
Bank Nifty futures open interest has decreased by 3.80%
as market closed at 15680 levels.
The Nifty July future closed with a premium of 30.60 point
against a premium of 30.65 point in last trading session.
The August series closed at a premium of 78.45 point.
The INDIA VIX decreased from 13.04 to 12.84.
At the same time, the PCR-OI of Nifty decreased from
0.90 to 0.89.
Few of the liquid counters where we have seen high cost
of carry are IDEA, ADANIPORTS, SUNTV, AUROPHARMA,
AND GLENMARK .
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
CHOLAFIN 10133750 18.49 506.15 -1.42
DABUR 7771250 11.10 589.75 4.10
NAUKRI 1159500 9.48 5317.20 7.96
PFC 46853400 8.36 121.95 -3.81
ESCORTS 5915800 8.06 1200.85 -1.92
BAJAJ-AUTO 1482750 7.50 4204.60 1.50
LALPATHLAB 467500 7.22 3267.30 -0.13
VOLTAS 2928000 7.08 1013.05 -0.88
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
COLPAL 2433200 -4.70 1708.20 1.29
BOSCHLTD 125250 -4.28 15188.05 1.03
CIPLA 9694100 -4.20 978.10 1.12
PAGEIND 69150 -4.16 29624.20 0.27
MPHASIS 702650 -4.04 2171.70 1.70
IRCTC 1988025 -3.59 2034.75 0.42
MOTHERSUMI 29683500 -3.57 244.80 1.05
NTPC 48478500 -3.56 117.35 0.30
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 0.89 0.83
BANKNIFTY 0.64 0.85
RELIANCE 0.43 0.37
ICICIBANK 0.53 0.34
INFY 0.61 0.42
Historical Volatility
SCRIP HV
NAUKRI 53.91
DABUR 26.76
IDEA 101.72
PFC 47.10
DRREDDY 34.20
www.angelbroking.com
Technical & Derivatives Report
July 02, 2021
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Spot =
15680
FII Statistics for July 01, 2021
Detail Buy
Net Contracts
Open Interest
Sell
Value
(in Cr.)
Change
INDEX
FUTURES
2537.10
2831.20
(294.10) 128877
10374.35
5.93
INDEX
OPTIONS
707930.65
709050.37
(1119.72) 772946
66662.34
(28.64)
STOCK
FUTURES
9871.88
10280.84
(408.96) 1387961
109439.13
0.66
STOCK
OPTIONS
7742.14
7847.14
(105.00) 188321
14727.74
6.79
Total 728081.77
730009.55
(1927.78) 2478105
201203.56
(10.21)
Turnover on July 01, 2021
Instru
ment
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
Index Futures
2,19,779 18213.66 -24.72
Index
Options
8,61,48,293 82,42,710.36
73.18
Stock Futures
5,33,358 42389.60 -11.16
Stock
Options
13,26,104 1,06,431.08 -10.52
Total 8,82,27,534 84,09,744.70
69.88
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 15700 214.00
52.60 47.40 15752.60
Sell 15800 161.40
Buy 15700 214.00
96.50 103.50 15796.50
Sell 15900 117.50
Buy 15800 161.40
43.90 56.10 15843.90
Sell 15900 117.50
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 15700 201.00
40.75 59.25 15659.25
Sell 15600 160.25
Buy 15700 201.00
74.00 126.00 15626.00
Sell 15500 127.00
Buy 15600 160.25
33.25 66.75 15566.75
Sell 15500 127.00
Nifty Put-Call Analysis
,0
500,000
1000,000
1500,000
2000,000
2500,000
3000,000
3500,000
15000 15100 15200 15300 15400 15500 15600 15700 15800 15900 16000 16100 16200 16300
Call Put
www.angelbroking.com
Technical & Derivatives Report
July 02, 2021
Da
ily
Pivot Level
s for
Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
692
698
708
714
723
ASIANPAINT 2,958 2,976
3,003
3,020
3,047
AXISBANK
738
743
752
757
766
BAJAJ-AUTO 4,095 4,114
4,139
4,159
4,183
BAJFINANCE 5,922 5,969
6,047
6,094
6,172
BAJAJFINSV 11,877
11,993
12,181
12,297
12,486
BPCL
464
466
468
471
473
BHARTIARTL
521
523
527
529
533
BRITANNIA 3,600 3,625
3,658
3,682
3,715
CIPLA
952
962
979
990
1,007
COALINDIA
144
145
146
148
149
DIVISLAB 4,321 4,365
4,398
4,442
4,475
DRREDDY 5,368 5,396
5,432
5,460
5,496
EICHERMOT 2,627 2,649
2,687
2,709
2,747
GRASIM 1,481 1,490
1,500
1,509
1,519
HCLTECH
975
979
985
990
996
HDFCBANK 1,485 1,492
1,500
1,507
1,515
HDFCLIFE
678
682
689
693
700
HDFC 2,445 2,460
2,487
2,503
2,530
HEROMOTOCO 2,877 2,890
2,910
2,923
2,943
HINDALCO
366
369
374
377
383
HINDUNILVR 2,438 2,455
2,480
2,497
2,522
ICICIBANK
623
627
63
4
638
645
IOC
106
107
108
109
111
INDUSINDBK 1,003 1,010
1,019
1,025
1,034
INFY 1,562 1,572
1,581
1,591
1,600
ITC
201
202
203
204
205
JSW STEEL
673
678
688
694
704
KOTAKBANK 1,671 1,688
1,716
1,733
1,761
LT 1,479 1,490
1,506
1,51
7
1,534
M&M
767
772
781
786
795
MARUTI 7,398 7,457
7,552
7,611
7,706
NESTLEIND 17,481
17,557
17,651
17,727
17,821
NTPC
115
116
117
118
119
ONGC
115
116
119
120
122
POWERGRID
228
230
234
236
240
RELIANCE 2,077 2,094
2,108
2,125
2,140
SBILIFE
993
1,000
1,006
1,014
1,019
SHREECEM 26,803
27,154
27,802
28,153
28,801
SBIN
414
417
421
423
427
SUNPHARMA
669
672
678
681
687
TCS 3,312 3,329
3,355
3,372
3,399
TATACONSUM
738
746
757
765
776
TATAMOTORS
335
337
341
344
348
TATASTEEL 1,145 1,156
1,173
1,184
1,202
TECHM 1,073 1,084
1,095
1,106
1,116
TITAN 1,711 1,722
1,739
1,749
1,766
ULTRACEMCO 6,681 6,729
6,797
6,845
6,913
UPL
778
785
798
806
819
WIPRO
539
542
545
548
551
www.angelbroking.com
Technical & Derivatives Report
July 02, 2021
*
Research Team Tel: 022 – 39357600 (Extn. 6844) Website: www.angelbroking.com
DISCLAIMER
Angel Broking Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited, Bombay
Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL and
Portfolio Manager and Investment Adviser with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking
Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration
number INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for
accessing /dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed
public offering of securities of the company covered by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make
such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companies
referred to in this document (including the merits and risks involved), and should consult their own advisors to determine the merits
and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
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
