Technical & Derivatives Report

June 22, 2020

Sensex (34732) / Nifty (10244) Exhibit 1: Nifty Daily Chart

Trading for the week started with a downside gap on Monday as

the second wave of coronavirus started haunting market
participants across the globe. The selloff extended to test the sub-
9750 levels. Somehow we stabilised from this global negativity,
but all of a sudden on Tuesday the news came out of a clash at
the India-China border. Within no time, markets took a nosedive
and remained under pressure for some time. Fortunately once
again we managed to defend key levels in the midst of all this
uncertainty. But last two sessions turned out to be excellent for
the bulls as we witnessed a good broad based rally to eventually
conclude the week convincingly above the 10200 mark.
As far as supports are concerned, 10100 followed by 10000 would
Since last couple of weeks, 10000 was acting as a sturdy wall. Due be seen as immediate support zone. Now, the base seems to have
to smart rally towards the fag end of the week, we finally managed shifted higher from 9700 to 10000 and here a breach of 10000
to traverse this barrier and headed towards recent highs. It is would again apply brakes on the optimism. Looking at the broader
always good to see when a rally is mainly propelled by the banking market participation last week, traders need to keep focusing on
conglomerates; because it generally provides credence to the individual stocks.
move. Looking at Friday’s close, the set up overall looks good and
ideally we should make a move beyond our recent highs of
10350-10400 to test higher levels of 10600-10800 in the Key Levels

forthcoming week. But the threat of the second wave of pandemic Support 1 – 10150 Resistance 1 – 10350

and the geopolitical concerns are likely to loom over us now for Support 2 – 10000 Resistance 2 – 10400
some time. Hence, if there is no escalation with respect to this, our
markets are likely to continue this northward trajectory.

Nifty Bank Outlook - (21338) Exhibit 2: Nifty Bank Daily Chart

During last week, we saw some volatility in the initial couple of
trading sessions in the Bank Nifty, but the indices recovered
smartly in last couple of trading sessions and ended the week with
weekly gains of over 3 percent.

The hourly '200 SMA' which we were referring to as a support

during last week played its role and the index witnessed an
upmove in the last couple of sessions with a broad participation
from stocks within the sector. The momentum remains positive
and hence, traders are advised to use dips to buy and trade with
a positive bias. The immediate support for Bank Nifty are placed
around 21000 and 20800 whereas resistance is seen around
21800.

Key Levels
Support 1 – 21000 Resistance 1 – 21800
Support 2 – 20800 Resistance 2 – 22000

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June 22, 2020

Comments Nifty Vs OI
 The Nifty futures open interest has increased by 3.03% (`000) Openinterest Nifty
12,500 10300
Bank Nifty futures open interest has decreased by 6.36%
as market closed at 10244.40 levels. 10200
 The Nifty June future closed with a discount of 8.85 point 12,000
10100
against a discount of 19.75 point in last trading session.
The July series closed at a discount of 26.35 point. 11,500 10000

 The INDIA VIX has decreased from 31.46 to 29.96 9900

At the same time, the PCR-OI of Nifty decreased from
11,000
1.61 to 1.56. 9800

 Few of the liquid counters where we have seen high cost 9700
of carry are ESCORTS, JUSTDIAL, NATIONALUM, EQUITAS 10,500

and GMRINFRA.
9600

10,000 9500
6/1 6/3 6/5 6/9 6/11 6/15 6/17
Views
 Following the positive momentum from the previous
session, Nifty started on a positive note on Friday and OI Gainers
with gradual upmove throughout the session ended OI PRICE
SCRIP OI PRICE
CHG. (%) CHG. (%)
with gains of 1.51% at 10244.40.
HEROMOTOCO 3125900 39.09 2355.85 -0.22
 FIIs were net buyers in the cash market segment to the GODREJPROP 575250 35.94 893.75 7.91
tune of Rs. 1237 crores. In index futures, they bought EQUITAS 17644900 28.31 52.70 8.27
worth 511 crores with a increase in open interest APOLLOTYRE 10926000 26.81 109.00 2.92

indicating long formation on Friday. GMRINFRA 90540000 19.41 21.60 6.11

NCC 29883000 18.98 31.35 6.79
 We witnessed a combination of short covering and RAMCOCEM 998750 18.42 644.75 4.00
fresh long formations which led the index to end the NIITTECH 519000 17.09 1330.75 -2.83
week well above 10200. FII’s too covered some of their
short positions in the index futures segment as the
market surged. The options data hints immediate OI Losers
support at 10000-9900 whereas on the higher side OI PRICE
SCRIP OI PRICE
10300-10500 has good amount of open interest build CHG. (%) CHG. (%)
BHEL 61378800 -15.33 32.45 1.72
up. Traders are advised to use a buy on dip approach
SAIL 49349000 -14.34 30.15 1.34
and use declines as a buying opportunity for the
MGL 936600 -9.45 1075.65 -0.73
coming expiry.
PNB 70591200 -9.13 34.50 1.91
MUTHOOTFIN 3466500 -8.07 1179.95 3.04
SBIN 115746000 -7.70 184.50 2.75
BHARATFORG 6056900 -6.75 375.80 4.30
UPL 9919300 -6.47 436.90 2.15

Historical Volatility Put-Call Ratio

SCRIP HV SCRIP PCR-OI PCR-VOL
IBULHSGFIN 126.17 NIFTY 1.56 0.77
PEL 78.98 BANKNIFTY 1.07 0.64
DLF 70.06 RELIANCE 1.14 0.43
GODREJPROP 66.14 ICICIBANK 0.82 0.59
GMRINFRA 53.92 INFY 0.57 0.72

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June 22, 2020

FII Statistics for June 19, 2020 Turnover on June 19, 2020
Open Interest
No. of Turnover Change
Detail Buy Sell Net Instrument
Value Change Contracts ( in Cr. ) (%)
Contracts
(in Cr.) (%)
INDEX
7342.49 6831.36 511.13 126005 8193.40 8.61 Index Futures 7,06,344 38929.08 5.19
FUTURES
INDEX
173823.66 173228.54 595.12 817866 56582.29 9.84 Index Options 1,51,03,786 8,72,195.19 -72.94
OPTIONS
STOCK
25534.87 24374.20 1160.67 1572495 88431.28 0.58 Stock Futures 14,59,355 81365.42 54.80
FUTURES
STOCK
8672.28 8591.06 81.22 106408 6030.69 0.61 Stock Options 18,09,925 1,13,682.27 59.92
OPTIONS

Total 215373.30 213025.16 2348.14 2622774 159237.66 3.67 Total 1,90,79,410 11,06,171.96 -67.31

Nifty Spot = 10244.40

Bull-Call Spreads Bear-Put Spreads

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

Buy 10300 105.35 Buy 10200 126.00

41.15 58.85 10341.15 34.60 65.40 10165.40
Sell 10400 64.20 Sell 10100 91.40

Buy 10300 105.35 Buy 10200 126.00

69.00 131.00 10369.00 60.00 140.00 10140.00
Sell 10500 36.35 Sell 10000 66.00

Buy 10400 64.20 Buy 10100 91.40

27.85 72.15 10427.85 25.40 74.60 10074.60
Sell 10000 66.00
Sell 10500 36.35

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

Nifty Put-Call Analysis

4500,000
Call Put
4000,000

3500,000

3000,000

2500,000

2000,000

1500,000

1000,000

500,000

,0
9700 9800 9900 10000 10100 10200 10300 10400 10500 10600 10700 10800 10900 11000

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 Technical & Derivatives Report
June 22, 2020

Daily Pivot Levels for Nifty Constituents

Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 335 342 348 355 362
ASIANPAINT 1,576 1,599 1,615 1,638 1,653
AXISBANK 401 409 416 424 430
BAJAJ-AUTO 2,625 2,650 2,680 2,705 2,735
BAJFINANCE 2,503 2,601 2,658 2,755 2,812
BAJAJFINSV 5,245 5,572 5,771 6,099 6,298
BPCL 365 373 379 386 392
BHARTIARTL 553 563 571 580 588
INFRATEL 205 212 216 223 227
BRITANNIA 3,356 3,397 3,424 3,465 3,492
CIPLA 622 629 639 646 656
COALINDIA 133 135 137 140 142
DRREDDY 3,961 3,983 4,014 4,036 4,067
EICHERMOT 16,590 16,970 17,260 17,640 17,930
GAIL 96 98 99 101 102
GRASIM 589 595 600 605 610
HCLTECH 561 565 572 576 582
HDFCBANK 999 1,016 1,030 1,047 1,060
HDFC 1,785 1,810 1,839 1,864 1,892
HEROMOTOCO 2,306 2,331 2,357 2,382 2,408
HINDALCO 147 149 151 153 154
HINDUNILVR 2,040 2,067 2,083 2,110 2,126
ICICIBANK 343 354 359 370 376
IOC 84 85 85 86 87
INDUSINDBK 450 467 489 505 527
INFY 695 700 706 711 717
ITC 181 182 185 187 190
JSW STEEL 190 192 195 197 199
KOTAKBANK 1,259 1,281 1,298 1,320 1,338
LT 882 890 903 911 924
M&M 491 495 501 506 511
MARUTI 5,618 5,758 5,846 5,986 6,074
NESTLEIND 15,897 15,996 16,151 16,250 16,404
NTPC 92 92 93 94 95
ONGC 83 85 85 87 87
POWERGRID 162 167 170 174 177
RELIANCE 1,610 1,685 1,737 1,811 1,864
SHREECEM 21,362 21,520 21,725 21,884 22,089
SBIN 178 181 183 186 188
SUNPHARMA 482 485 488 492 495
TCS 1,998 2,021 2,056 2,079 2,114
TATAMOTORS 92 97 101 106 109
TATASTEEL 313 317 321 325 330
TECHM 527 533 538 544 549
TITAN 959 968 981 990 1,003
ULTRACEMCO 3,760 3,798 3,851 3,890 3,943
UPL 423 430 435 442 447
VEDANTA 101 103 106 108 111
WIPRO 211 217 220 226 229
ZEEL 165 169 174 178 182

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 Technical & Derivatives Report
June 22, 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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