Technical & Derivatives Report

August 20, 2020

Sensex (38615) / Nifty (11408) Exhibit 1: Nifty Daily Chart

Post Tuesday’s breakout, Nifty started yesterday’s session with a gap

up around the 11450 mark. However, it then consolidated within the
range of 11460-11400 throughout the day and ended near the
lower end of the range.

After a positive opening, the index slipped into a consolidation

mode yesterday as there was no significant movement seen within
the large cap space. However, the overall market breadth was robust
as the midcap and the small cap stocks continued with the upmove
and provided good trading opportunities. In yesterday’s report, we
had mentioned that since the Nifty has surpassed its swing high of
11370, the probable near term target is seen around 11465 and
Stocks from the midcap and the small cap universe are on a roll and
then at 11625. These levels are projected by taking reciprocal
have been providing good returns to intraday and short term
retracement of the recent corrective move from 11341 to 10882.
traders. We continue with our advise to capitalize on such
Yesterday, the index almost tested the first target zone which was
opportunities where the price movements are supported by
the 127% retracement of the mentioned correction, but it did not
good volumes. However, such moves sometimes also create
surpass the same. It was mainly because the large caps seemed to
euphoric situation which is then followed by a healthy correction.
have lost the momentum and it were the non-index stocks where
the momentum got shifted. Hence, the immediate resistance for the Although there are no signs of reversal, traders should keep
index is intact around 11465 and only if the index crosses the same, booking timely profits and avoid getting into much leveraged
then Nifty would target the 161.8% retracement level which is seen bets.
around 11625. On the flipside, 11350-11300 is the immediate
support for the index.

Key Levels
Support 1 – 11350 Resistance 1 – 11465
Support 2 – 11300 Resistance 2 – 11500

Nifty Bank Outlook - (22286) Exhibit 2: Nifty Bank Daily Chart

Tuesday’s smart rally was followed by a positive start yesterday
across the board. Subsequently, we witnessed a muted movement
in key indices throughout the session by maintaining a good
positive posture. Eventually the banking index closed with nominal
gains ahead of the weekly expiry session.

The kind of tail end surge we witnessed in few banking

heavyweights on Tuesday, the follow up was clearly missing and
hence, the banking index vacillated in a slender range yesterday.
So as far as levels are concerned, 22500 remains to be a sturdy
wall and only a sustainable breakout from this would unfold the
next leg of the rally. Till then the wider range continues to be
22500-21400 and within this, 22000-21750 are considered an
intermediate supports.

Key Levels
Support 1 – 22000 Resistance 1 – 22500
Support 2 – 21750 Resistance 2 – 22650

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August 20, 2020

Comments Nifty Vs OI
 The Nifty futures open interest has decreased by 2.86% (`000) Openinterest Nifty
Bank Nifty futures open interest has decreased by 4.03% 12,200 11500

as market closed at 11408.40 levels. 12,000 11400

 The Nifty August future closed with a premium of 12.4 11,800 11300
point against a premium of 13.2 point in last trading 11,600
session. The September series closed at a premium of 22
11200
11,400
point. 11100
11,200
 The INDIA VIX has decreased from 20.43 to 19.95 11000
At the same time, the PCR-OI of Nifty decreased from 11,000
10900
1.65 to 1.60. 10,800

 Few of the liquid counters where we have seen high cost 10,600 10800

of carry are JINDALSTEL, IDEA, TATACHEM, 10,400 10700

BANDHANBNK, AND EQUITAS. 10,200 10600
8/3 8/4 8/5 8/6 8/7 8/108/118/128/138/148/178/188/19

Views
OI Gainers
 Nifty started the session on a positive note but it then
OI PRICE
consolidated within a range and ended tad above SCRIP OI PRICE
CHG. (%) CHG. (%)
11400. CANBK 16740000 38.46 105.65 3.52
EQUITAS 16522400 28.34 54.35 3.21
 FIIs were net buyers in the cash market segment to the
CENTURYTEX 2949800 24.23 333.10 5.46
tune of Rs. 459 crores. In index futures, they sold worth
GODREJPROP 870350 15.83 889.70 -0.34
250 crores with decrease in open interest indicating
long unwinding in yesterday’s session.
AMARAJABAT 1358000 15.28 737.00 -3.92
GLENMARK 6791900 14.95 480.75 1.54
 FII's were net buyers in the cash segment while they LICHSGFIN 13878000 13.77 277.50 3.45
squared off some of their long positions in index TATACHEM 4986000 13.58 311.05 5.23
futures. In options segment,open interest addition was
seen in 11450-11550 calls while 11400 put option
added open interest. The data indices that we may see OI Losers
another day of consolidation on the expiry day. Intraday OI PRICE
SCRIP OI PRICE
traders are advised to be vigilant on the at-the-money CHG. (%) CHG. (%)
options data and trade according to the changes in ZEEL 33390000 -35.33 196.80 12.92
open interest seen during the day. BANKBARODA 53242600 -12.33 47.60 2.14
ADANIENT 21244000 -9.06 239.50 12.56
SRF 711750 -8.19 4294.95 -0.01
UPL 11363300 -7.84 499.40 0.98
CONCOR 5812797 -7.37 393.35 -0.06
SUNTV 6196500 -7.34 437.85 0.70
IBULHSGFIN 16510600 -6.90 204.80 -1.87

Historical Volatility Put-Call Ratio

SCRIP HV SCRIP PCR-OI PCR-VOL
ADANIENT 63.16 NIFTY 1.60 1.14
ZEEL 87.98 BANKNIFTY 1.05 0.86
NATIONALUM 54.52 RELIANCE 0.60 0.44
TATACHEM 43.84 ICICIBANK 0.51 0.58
PVR 63.03 INFY 0.59 0.52

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August 20, 2020

FII Statistics for August 19, 2020 Turnover on August 19, 2020
Open Interest
No. of Turnover Change
Detail Buy Sell Net Instrument
Value Change Contracts ( in Cr. ) (%)
Contracts
(in Cr.) (%)
INDEX
2824.50 3074.50 (250.00) 121067 9539.74 (1.97) Index Futures 3,11,782 20766.26 -24.10
FUTURES
INDEX
196243.50 196469.23 (225.73) 676907 54740.22 2.01 Index Options 2,07,97,600 14,18,159.02 7.97
OPTIONS
STOCK
13693.68 14362.88 (669.20) 1286332 90748.52 0.18 Stock Futures 7,98,229 57000.43 2.05
FUTURES
STOCK
6467.84 6556.46 (88.62) 99049 7086.57 1.20 Stock Options 12,47,345 93996.11 -0.14
OPTIONS

Total 219229.52 220463.07 (1233.55) 2183355 162115.05 0.67 Total 2,31,54,956 15,89,921.82 6.65

Nifty Spot = 11408.40

Bull-Call Spreads Bear-Put Spreads

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

Buy 11400 129.20 Buy 11400 107.95

53.20 46.80 11453.20 33.30 66.70 11366.70
Sell 11500 76.00 Sell 11300 74.65

Buy 11400 129.20 Buy 11400 107.95

90.20 109.80 11490.20 56.45 143.55 11343.55
Sell 11600 39.00 Sell 11200 51.50

Buy 11500 76.00 Buy 11300 74.65

37.00 63.00 11537.00 23.15 76.85 11276.85
Sell 11200 51.50
Sell 11600 39.00

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 349 353 359 363 370
ASIANPAINT 1,857 1,871 1,887 1,901 1,917
AXISBANK 437 440 446 450 456
BAJAJ-AUTO 2,979 3,019 3,089 3,130 3,199
BAJFINANCE 3,361 3,386 3,425 3,450 3,489
BAJAJFINSV 6,194 6,246 6,336 6,388 6,478
BPCL 391 397 404 411 417
BHARTIARTL 521 529 534 541 547
INFRATEL 199 200 202 203 205
BRITANNIA 3,813 3,844 3,897 3,928 3,980
CIPLA 747 752 763 768 779
COALINDIA 132 134 136 137 139
DRREDDY 4,425 4,457 4,508 4,540 4,591
EICHERMOT 20,786 21,024 21,402 21,640 22,018
GAIL 95 98 100 103 105
GRASIM 654 660 666 671 677
HCLTECH 700 705 710 714 719
HDFCBANK 1,051 1,059 1,064 1,072 1,078
HDFC 594 599 603 608 612
HEROMOTOCO 1,809 1,819 1,827 1,837 1,845
HINDALCO 2,874 2,903 2,951 2,981 3,028
HINDUNILVR 193 195 196 198 200
ICICIBANK 2,170 2,182 2,202 2,213 2,233
IOC 368 371 374 377 379
INDUSINDBK 86 87 88 89 90
INFY 513 518 524 528 535
ITC 949 954 963 968 977
JSW STEEL 196 197 199 201 203
KOTAKBANK 272 275 278 281 283
LT 1,331 1,343 1,362 1,374 1,393
M&M 994 1,001 1,013 1,021 1,033
MARUTI 616 620 626 630 636
NESTLEIND 6,834 6,912 6,963 7,042 7,093
NTPC 16,167 16,256 16,405 16,494 16,643
ONGC 93 94 95 96 97
POWERGRID 78 79 80 81 83
RELIANCE 176 176 178 179 180
SHREECEM 2,103 2,117 2,136 2,150 2,168
SBIN 21,712 21,896 22,035 22,220 22,358
SUNPHARMA 193 195 198 200 202
TCS 519 522 528 531 536
TATAMOTORS 2,232 2,245 2,265 2,277 2,297
TATASTEEL 123 124 126 127 129
TECHM 425 429 432 435 439
TITAN 702 714 722 734 742
ULTRACEMCO 1,137 1,143 1,151 1,157 1,165
UPL 4,152 4,176 4,196 4,220 4,240
VEDANTA 485 492 500 507 514
WIPRO 275 277 282 284 288
ZEEL 158 177 189 208 219

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 Technical & Derivatives Report
August 20, 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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