Technical & Derivatives Report

June 20, 2024

Sensex (77338) / Nifty (23516) Exhibit 1: Nifty Daily Chart

Tracking the positive global cues and robust undertone, our

domestic market started on a firm note. But soon after, some
hesitancy was seen in the benchmark index at the elevated zone,
and a bout of profit booking was seen in the initial trading hours.
Despite this, the bulls showed resilience, pushing the market into
uncharted territory, which too was short-lived as another bout
of profit booking set in during the final hours. Eventually, the
Nifty50 index concluded the session a tad above 23500, with a
mere loss of 0.18 percent. Looking ahead, it is expected that there will be ongoing sector
rotation that will be influential for traders. The banking sector
The benchmark index ended its five-day winning streak with has exhibited strong performance, and it is anticipated that
insignificant changes in the price chart. However, the formation further movement within this sector will serve to bolster the
of a Bearish candle at the elevated zone should not go unnoticed, benchmark. Hence, it is advisable to keep focusing on the
and caution should be warranted. From a technical standpoint, stock-centric approach for outperformance.
the consolidation zone from the previous week, which was
around 23400-23300, is expected to act as a support level in case
Key Levels
of any minor price fluctuations during the upcoming trading
sessions, followed by the strong support of 23200. On the upper Support 1 – 23400 Resistance 1 – 23650

end of the price spectrum, we observe 23650-23700 to be an Support 2 – 23350 Resistance 2 – 23700
immediate resistance level. It is crucial for traders to carefully
monitor these key levels, as they will serve as strategic decision
points in their trades.

Nifty Bank Outlook (51398) Exhibit 2: Nifty Bank Daily Chart

The heavy weight index started the day with a bang, climbing
nearly to psychological level of 51000 in the initial hour of trade.
However subsequent profit booking threatened to erase all the
early gains. But as prices approached the lowest point of the
day, buyers effectively utilized the opportunity, resurrecting the
index, to scale new all-time highs. A small bout of profit booking
towards the end of day frittered away some gains, but overall,
it was a promising session for the benchmark, as it moved into
uncharted territory closing just below the 51400 level.

Despite the breakout, participants should avoid complacency

The rate-sensitive index witnessed strong follow-up buying
and aggressive trades, instead should look to buy dips. The
activity, following the breakout it experienced on Tuesday. This
levels of 50600-50500 are likely to act as an immediate
follow-up buying, accompanied by a breakout on the PRIVATE
support zone and any dips in this zone can be utilized to
BANKS index chart, paints a promising and inspiring picture for
consider long positions. While the index has ventured into
BANKNIFTY. While the broader market remained under
unchartered territory, it is difficult to pinpoint exact
pressure all through the day, banking stocks came to the rescue.
reference levels for resistance. However, today’s high, close
Going forward, given the breakout in Private banks, it is
to the 52000-round number level, can be expected to impose
expected that they will lead the market, shrugging their recent
some hurdle.
underperformance.

Key Levels
Support 1 – 51000 Resistance 1 – 51800

Classified as Internal Support 2 – 50800 Resistance 2 – 52000

 Technical & Derivatives Report
June 20, 2024

Nifty Vs OI
Comments
 The Nifty futures open interest has increased by 0.91% 17,500
Openinterest Nifty
and Bank Nifty futures open interest has increased by 23800

8.96% as the market closed at 23516. 16,000 23300

 The Nifty June future closed with a discount of 12.40
14,500 22800
points against a premium of 10.20 points in the last
trading session. The July series closed at a premium of 22300
13,000
108.60 points. 21800
 The INDIA VIX has increased from 12.97 to 13.71. At the
11,500
same time, the PCR-OI of Nifty has decreased from 1.26 to 21300

1.10. 10,000 20800

 A few of the liquid counters where we have seen high cost 6-5 6-7 6-11 6-13 6-18
of carry are HINDCOPPER, ABFRL, INDUSTOWER, IGL and
LTF.
OI Gainers
View OI PRICE
SCRIP OI PRICE
CHG. (%) CHG. (%)
INDUSTOWER 207352400 129.38 334.00 -3.06
 The Indian equity market had a volatile day of trading.
CHAMBLFERT 15528700 28.51 467.65 6.32
After a positive opening, we witnessed some profit-
COROMANDEL 5113500 24.11 1573.10 3.58
taking which was bought into, clocking a fresh record
AUBANK 30377000 17.48 656.95 -1.28
high. However, due to yet another round of profit-
AXISBANK 48461250 17.40 1226.65 3.00
taking in the last hour of trade, we concluded the day
GRASIM 11071723 17.34 2447.15 -0.71
slightly above the 23500 mark.
CANFINHOME 4887675 14.45 866.25 -2.73
 FIIs were net buyers in the cash market segment to the FEDERALBNK 89165000 13.99 174.55 -0.06
tune of Rs. 7908 crore. Simultaneously, they bought
worth Rs. 4356 crore in Index futures with an increase
in open interest, suggesting long addition.
OI Losers
 In the derivatives segment, we observed the addition of OI PRICE
SCRIP OI PRICE
fresh long positions in the banking index, while mixed CHG. (%) CHG. (%)
activity was seen in Nifty. On the options front, put GNFC 17600 -16.72 696.95 -1.23
writers lightened their positions in the 23500-23450 BALRAMCHIN 11731200 -11.62 440.85 2.34
strikes due to final hour profit-taking. Conversely, the SUNTV 7036500 -6.70 766.85 1.52
23600 and above call options added fresh bets, CIPLA 9652500 -5.52 1559.80 -0.98
suggesting a hurdle for Nifty on the weekly expiry day. EXIDEIND 20457000 -4.54 560.35 -0.78
Institutional investors continued to buy equities, index DIXON 1704600 -4.45 11336.30 -1.70
futures and stock futures. Currently, the Long Short INDHOTEL 16572000 -4.22 617.05 -0.69
Ratio has improved to 54% from 47% seen on Friday, JKCEMENT 465875 -4.21 4303.75 -2.76
and the expansion of further longs would be a positive
development. Considering these data points, the
market's undertone appears robust, and traders are
advised to use a buy-on-dip strategy.

Historical Volatility Put-Call Ratio

SCRIP PCR (OI) PCR (VOL)
SCRIP HV
TITAN 27.47 NIFTY 1.10 0.90

CHAMBLFERT 48.27 BANKNIFTY 1.18 0.86

HDFCBANK 26.41 RELIANCE 0.42 0.55

VOLTAS 36.64 ICICIBANK 0.62 0.55

COROMANDEL 33.16 INFY 0.46 0.39

Classified as Internal
 Technical & Derivatives Report
June 20, 2024

FII Statistics for June 19, 2024 Turnover on June 19, 2024
OI Value
Detail Buy Contracts No. of Turnover Change
(in Cr.) Instrument
Sell Net CHANGE
Contracts (in Cr.) (%)
INDEX
10645.25 6288.79 4356.46 534639 34914.59 5.80
FUTURES
Index Futures 876703 60764.05 151.86
INDEX
4700117.56 4708068.74 (7951.18) 5665368 362920.18 1.26
OPTIONS
STOCK Index Options 1001513662 106019.55 115.89
47222.58 46279.84 942.74 3921745 303863.81 4.46
FUTURES
STOCK Stock Futures 2336914 194462.40 65.11
68816.14 68710.59 105.55 767003 62059.09 2.43
OPTIONS
Stock Options 8766037 9882.36 9.29
Total 4826801.53 4829347.96 (2546.43) 10888755 763757.67 38.65
Total 87,66,037 9882.36 85.51

Nifty Spot = 23516

Bull-Call Spreads Bear-Put Spreads

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

Buy 47.15 52.85 23547.15 41.00 59.00 23459.00

23500 166.25 Buy 23500 160.65

Sell 23600 119.10 Sell 23400 119.65

Buy 85.75 114.25 23585.75 72.60 127.40 23427.40

23500 166.25 Buy 23500 160.65

Sell 23700 80.50 Sell 23300 88.05

Buy 38.60 61.40 23638.60 31.60 68.40 23368.40

23600 119.10 Buy 23400 119.65

Sell 23700 80.50 Sell 23300 88.05

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

8000,000

Call Put
7000,000

6000,000

5000,000

4000,000

3000,000

2000,000

1000,000

,0
23000 23100 23200 23300 23400 23500 23600 23700 23800 23900 24000 24100 24200 24300

Classified as Internal
 Technical & Derivatives Report
June 20, 2024

Daily Pivot Levels for Nifty Constituents `

Scrips S2 S1 PIVOT R1 R2
ADANIENT 3,180 3,221 3,267 3,309 3,355
ADANIPORTS 1,409 1,429 1,440 1,460 1,472
APOLLOHOSP 6,049 6,111 6,190 6,252 6,331
ASIANPAINT 2,861 2,876 2,898 2,914 2,935
AXISBANK 1,161 1,194 1,219 1,252 1,276
BAJAJ-AUTO 9,490 9,588 9,768 9,866 10,046
BAJFINANCE 7,083 7,158 7,254 7,329 7,425
BAJAJFINSV 1,575 1,585 1,592 1,602 1,610
BPCL 602 609 622 629 642
BHARTIARTL 1,359 1,376 1,405 1,422 1,452
BRITANNIA 5,305 5,333 5,378 5,406 5,451
CIPLA 1,536 1,548 1,565 1,577 1,594
COALINDIA 467 473 482 487 497
DIVISLAB 4,394 4,437 4,509 4,552 4,624
DRREDDY 5,879 5,918 5,959 5,997 6,038
EICHERMOT 4,784 4,833 4,898 4,946 5,012
GRASIM 2,391 2,419 2,440 2,468 2,489
HCLTECH 1,421 1,433 1,443 1,455 1,464
HDFCBANK 1,578 1,618 1,644 1,684 1,710
HDFCLIFE 585 591 598 603 611
HEROMOTOCO 5,529 5,589 5,684 5,743 5,839
HINDALCO 647 655 668 676 690
HINDUNILVR 2,424 2,441 2,468 2,484 2,511
ICICIBANK 1,106 1,125 1,145 1,165 1,185
INDUSINDBK 1,494 1,511 1,530 1,548 1,567
INFY 1,489 1,500 1,508 1,519 1,527
ITC 418 421 426 429 434
JSW STEEL 898 907 922 930 945
KOTAKBANK 1,694 1,720 1,742 1,768 1,790
LT 3,497 3,544 3,621 3,668 3,745
LTIMINDTREE 4,917 4,968 5,022 5,074 5,127
M&M 2,895 2,915 2,946 2,965 2,996
11,93
MARUTI 12,086 12,356 12,511 12,781
1
NESTLEIND 2,493 2,509 2,535 2,551 2,576
NTPC 356 359 365 368 374
ONGC 268 270 273 275 279
POWERGRID 320 324 329 333 339
RELIANCE 2,872 2,894 2,935 2,958 2,998
SBILIFE 1,426 1,437 1,458 1,470 1,490
SHRIRAMFIN 2,723 2,757 2,794 2,828 2,865
SBIN 832 842 851 862 871
SUNPHARMA 1,481 1,493 1,511 1,523 1,541
TCS 3,769 3,785 3,810 3,826 3,850
TATACONSUM 1,085 1,095 1,113 1,123 1,141
TATAMOTORS 963 970 982 990 1,002
TATASTEEL 177 179 181 182 184
TECHM 1,350 1,366 1,376 1,392 1,402
TITAN 3,362 3,412 3,506 3,556 3,650
10,83
ULTRACEMCO 10,917 11,047 11,126 11,257
8
WIPRO 483 489 493 500 504

Classified as Internal
 Technical & Derivatives Report
June 20, 2024

Technical and Derivatives Team:

Sameet Chavan Head Research – Technical & Derivatives [email protected]

Sneha Seth Senior Analyst – Technical & Derivatives [email protected]

Rajesh Bhosale Analyst - Technical [email protected]

Osho Krishan Senior Analyst – Technical & Derivatives [email protected]

Hitesh Rathi Analyst – Technical & Derivatives [email protected]

Research Team Tel: 022 – 39357600 Website: www.angelone.in

For Technical Queries E-mail: [email protected]

For Derivatives Queries E-mail: [email protected]

DISCLAIMER

We, Angel One Limited (hereinafter referred to as “Angel”) a company duly incorporated under the provisions of the Companies Act, 1956 with
its registered office at 601, 6th Floor, Ackruti Star, Central Road, MIDC, Andheri East, Mumbai – 400093, CIN: (L67120MH1996PLC101709) and
duly registered as a member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited, Metropolitan Stock Exchange Limited,
Multi Commodity Exchange of India Ltd and National Commodity & Derivatives Exchange Ltd. Angel One limited is a company engaged in
diversified financial services business including securities broking, DP services, distribution of Mutual Fund products. 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 One Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide
registration number INH000000164 and also registered with PFRDA as PoP ,Registration No.19092018. Angel Group does not have any joint
ventures or associates. Angel One Limited is the ultimate parent company of the Group. Angel or its associates has not been debarred/ suspended
by SEBI or any other regulatory authority for accessing /dealing in securities Market.

AOL was merged with Angel Global Capital Private Limited and subsequently name of Angel Global Capital Private Limited was changed to Angel
Broking Private Limited (AOL) pursuant to scheme of Amalgamation sanctioned by the Hon'ble High Court of Judicature at Bombay by Orders
passed in Company Petition No 710 of 2011 and the approval granted by the Registrar of Companies. Further, name of Angel Broking Private
Limited again got changed to Angel Broking Limited (AOL) pursuant to fresh certificate of incorporation issued by Registrar of Companies (ROC)
dated June 28, 2018. Further name of Angel Broking name changed to Angel One Ltd pursuant to fresh certificate of incorporation issued by
Registrar of Companies (ROC) dated 23-09-21.

In case of any grievances please write to: [email protected], Compliance Officer Details: Name : Hiren Thakkar, Tel No. –08657864228, Email
id - [email protected]

Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns
to investors.

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.

Angel or its associates or research analyst or his relative may have actual/beneficial ownership of 1% or more in the securities of the subject
company at the end of the month immediately preceding the date of publication of the research report. Neither Angel or its associates nor
Research Analysts or his relative has any material conflict of interest at the time of publication of research report.

Angel or its associates might have received any compensation from the companies mentioned in the report during the period preceding twelve
months from the date of this report for services in respect of managing or co-managing public offerings, corporate finance, investment banking or
merchant banking, brokerage services or other advisory service in a merger or specific transaction in the normal course of business. Angel or its
associates did not receive any compensation or other benefits from the companies mentioned in the report or third party in connection with the
research report. Neither research entity nor research analyst has been engaged in market making activity for the subject company.

Classified as Internal
 Technical & Derivatives Report
June 20, 2024

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 One 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 One Limited does not warrant the accuracy, adequacy or
completeness of the service, information and materials and expressly disclaims liability for errors or omissions in the service, information and
materials. While Angel One Limited endeavours 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.

Neither Angel One Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in connection
with the use of this information. Angel or its associates or Research Analyst or his relative might have financial interest in the subject company.
Research analyst has not served as an officer, director or employee of the subject company.

Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Any communication sent to clients on phone numbers or e-mail ids registered with the Trading Member is meant for client consumption and such
material should not be redistributed. Brokerage will not exceed SEBI prescribed limit. Any Information provided by us through any medium based
on our research or that of our affiliates or third parties or other external sources is subject to domestic and international market conditions and
we do not guarantee the availability or otherwise of any securities or other instruments and such Information is merely an estimation of certain
investments, and we have not and shall not be deemed to have assumed any responsibility for any such Information. You should seek independent
professional advice and/or tax advice regarding the suitability of any investment decision whether based on any Information provided by us
through the Site from inhouse research or third party reports or otherwise.

The report and information contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any way,
transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written
consent.

Classified as Internal