Technical & Derivatives Report
January 01, 2018
Sensex (34057) / Nifty (10531)
Exhibit 1: Nifty Daily Chart
The concluding session of the year traded with a positive bias and
eventually wrapped up the activity almost at record close. It was a
remarkable year for Indian markets; in fact, we should put it as,
for the equity markets across the globe. The Nifty clocked
whopping gains of
~29% in the calendar year 2017 and
probably we can count on the fingers of our one hand such
spectacular years in the history of Indian markets.
Undoubtedly, the year belonged to mighty bulls as we saw
massive wealth creation right from the word go. There were
couple of hiccups during the year; but they eventually turned out
to be whipsaws as the index kept on enjoying its Bull Run to
eventually conclude the year at record highs. Now, whatever has
happened in 2017 is a history, the question lies what’s next and
is the same run going to continue in the New Year? If we look at
it from a longer perspective then there is no second thought
about the continuation of this Bull Run towards 11000 and
beyond. But, we do not expect the journey to be as smooth as it
has been throughout the year. In between we are likely to see
decent pauses and hence, one needs to be prepared for it;
because timing such halts has become a nightmare. Any decent
declines during the year remain to be a good buying opportunity
for investors having longer term horizon. On the other hand,
short term traders need to be very agile and selective while
picking their trades. For the coming week, 10552 - 10600 would
be seen as next junctions, where we can see traders taking some
money off the table. On the downside, 10460 - 10426 are the
levels to watch out for.
Key Levels
Support 1 - 10460
Resistance 1 - 10552
Support 2 - 10426
Resistance 2 - 10600
Nifty Bank Outlook - (25539)
Exhibit 2: Nifty Bank Daily Chart
In the week gone by, the Nifty Bank index consolidated in a
narrow range and ended the week with a marginal loss of 0.43
percent. Recently, inspite of a positive momentum in the broader
markets, the Nifty bank index has underperformed and has not
shown any significant momentum. As we have been mentioning
in our reports since last few days, the index has been resisting in
the range of 25750-25800 and only a breakout above this will
then lead to a directional move. Hence, until this resistance is
crossed, we continue with our advice to focus on stock specific
moves from a short-term perspective. The near-term support for
the index are placed around 25400 and 25325.
Key Levels
Support 1 - 25400
Resistance 1 - 25750
Support 2 - 25325
Resistance 2 - 25800
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Technical & Derivatives Report
January 01, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.85%
(`000)
Openinterest
Nifty
BankNifty futures open interest has decreased by 0.95%
30,000
10600
as market closed at 10530.70 levels.
The Nifty January future closed with a premium of 26.20
25,000
10400
points against a premium of 40 points in last trading
session. The February series closed at a premium of
20,000
10200
46.70 points.
The INDIA VIX has increased from 12.29 to 12.67. At the
15,000
10000
same time, the PCR-OI of Nifty has increased from 1.54
to 1.62 level.
10,000
9800
Few of the liquid counters where we have seen high cost
5,000
9600
of carry are TATAMTRDVR, BALRAMCHIN, ICIL,
CHENNPETRO and MCX.
,0
12-5
12-7 12-11 12-13
12-15 12-19 12-21 12-26 12-28
9400
Views
OI Gainers
FIIs were net buyers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 595. At the same time, they were buyer in index
CHG. (%)
CHG. (%)
futures of Rs. 923 crores with marginal change in open
HDIL
49050000
46.78
66.00
11.68
interest, indicating blend of short covering and fresh long
RCOM
101640000
37.76
35.30
14.24
formation on Friday’s trading session.
JPASSOCIAT
245956000
26.91
26.15
12.72
In index options front, they were buyers of Rs. 2259
WOCKPHARMA
3512700
21.78
937.45
2.82
crores with good amount of rise in open interest. As far
DLF
43120000
15.73
261.15
-1.00
as options activities for January series are concerned,
SRF
742000
14.59
1992.85
2.21
expect 10900 strike, 10500-11000 call options added
HCC
53475000
14.34
41.30
1.60
fresh positions. On the flip side, build-up was scattered
IFCI
89650000
14.02
31.00
7.64
between
10000-10500 put options. Maximum
concentration of open interest is now placed at 11000
call; followed by 10700 strikes; whereas, in put options is
OI Losers
seen in 10300 strike price.
OI
PRICE
SCRIP
OI
PRICE
Last week, index extended its gains along with some
CHG. (%)
CHG. (%)
reduction in open interest which was mainly due to
BALKRISIND
1170400
-7.41
1197.65
0.27
expiry. Nifty rollover above 3 month average, stronger
MINDTREE
1737600
-7.12
614.55
0.25
hands too rolled over their longs. Once again, FIIs exited
INFIBEAM
34324000
-5.73
141.05
-13.89
all of their short positions formed in last series; as a
ESCORTS
3799400
-4.32
790.15
2.33
result the index futures ‘Long Short Ratio’ has now surged
AJANTPHARM
709500
-3.93
1496.25
1.74
back to 70%. On Friday, FIIs added fresh longs in index
DIVISLAB
2785600
-3.52
1102.40
-1.06
futures and formed short positions in index put options;
APOLLOHOSP
877000
-3.41
1212.10
-1.64
thus, suggesting scope of further upside.
NESTLEIND
118400
-3.35
7879.65
1.90
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.62
1.16
INFIBEAM
79.74
BANKNIFTY
0.95
0.86
RPOWER
70.71
RELIANCE
0.43
0.37
HDIL
70.75
SUNPHARMA
0.58
0.59
BERGEPAINT
33.37
RCOM
1.10
0.58
GMRINFRA
80.97
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Technical & Derivatives Report
January 01, 2018
FII Statistics for December 29, 2017
Turnover on December 29, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2403.49
1474.52
928.97
155431
12635.23
0.59
155173
13298.10
-71.07
FUTURES
FUTURES
INDEX
INDEX
21882.77
19623.98
2258.79
636830
51377.61
14.26
2011638
183257.63
-83.10
OPTIONS
OPTIONS
STOCK
9337.38
8815.57
521.80
910858
67525.89
2.60
STOCK
FUTURES
711598
53368.71
-67.65
FUTURES
STOCK
STOCK
3100.43
3232.47
(132.04)
25188
1917.58
1860.16
351246
27769.69
-50.19
OPTIONS
OPTIONS
Total
36724.07
33146.55
3577.52
1728307
133456.30
7.96
TOTAL
3229655
277694.13
-79.44
Nifty Spot = 10530.70
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10500
157.80
Buy
10500
108.15
56.30
43.70
10556.30
31.50
68.50
10468.50
Sell
10600
101.50
Sell
10400
76.65
Buy
10500
157.80
Buy
10500
108.15
99.05
100.95
10599.05
53.60
146.40
10446.40
Sell
10700
58.75
Sell
10300
54.55
Buy
10600
101.50
Buy
10400
76.65
42.75
57.25
10642.75
22.10
77.90
10377.90
Sell
10700
58.75
Sell
10300
54.55
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 01, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
396
401
404
409
412
AMBUJACEM
269
270
272
274
276
ASIANPAINT
1,127
1,143
1,158
1,173
1,188
AUROPHARMA
681
685
687
691
693
AXISBANK
539
551
560
572
580
BAJAJ-AUTO
3,265
3,299
3,320
3,355
3,376
BAJFINANCE
1,739
1,748
1,757
1,766
1,775
BPCL
507
512
521
527
535
BHARTIARTL
514
522
530
538
546
INFRATEL
362
370
375
384
389
BOSCHLTD
19,824
19,995
20,113
20,284
20,402
CIPLA
600
604
608
612
616
COALINDIA
260
262
263
264
266
DRREDDY
2,378
2,396
2,421
2,439
2,464
EICHERMOT
29,669
30,005
30,236
30,572
30,802
GAIL
486
493
504
510
521
HCLTECH
862
876
889
903
916
HDFCBANK
1,862
1,867
1,873
1,878
1,884
HDFC
1,692
1,701
1,707
1,716
1,722
HEROMOTOCO
3,682
3,734
3,772
3,823
3,861
HINDALCO
268
271
274
277
280
HINDPETRO
410
414
420
424
429
HINDUNILVR
1,339
1,354
1,364
1,379
1,389
IBULHSGFIN
1,184
1,190
1,198
1,204
1,211
ICICIBANK
311
312
314
316
317
IOC
383
386
390
393
398
INDUSINDBK
1,635
1,642
1,652
1,659
1,669
INFY
1,021
1,032
1,040
1,051
1,059
ITC
261
262
263
264
265
KOTAKBANK
999
1,004
1,008
1,014
1,018
LT
1,237
1,247
1,259
1,270
1,281
LUPIN
871
878
889
896
907
M&M
740
746
749
755
758
MARUTI
9,597
9,663
9,716
9,782
9,835
NTPC
175
176
177
178
179
ONGC
191
193
195
197
198
POWERGRID
198
199
201
202
203
RELIANCE
910
916
924
929
938
SBIN
307
309
310
312
313
SUNPHARMA
562
567
573
577
584
TCS
2,586
2,644
2,676
2,734
2,767
TATAMOTORS
411
422
427
438
444
TATASTEEL
721
727
736
742
751
TECHM
492
498
502
507
511
ULTRACEMCO
4,245
4,283
4,308
4,346
4,371
UPL
749
756
764
771
779
VEDANTA
322
326
331
335
339
WIPRO
298
306
311
319
325
YESBANK
312
313
315
316
318
ZEEL
573
578
583
588
593
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Technical & Derivatives Report
January 01, 2018
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]
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