Technical & Derivatives Report
November 01, 2017
Sensex (33213) / Nifty (10335)
Exhibit 1: Nifty Daily Chart
Our markets continued their consolidation for the third
consecutive session as we saw index trading in a slender
range throughout the session. Within this, we expect optimism
to continue towards 10384 - 10400 for the coming session.
On the flipside, 10311 would act as a strong support.
Traders’ interest still remains outside the index as we can see
good broader market participation. One should continue
focusing on individual stocks in order to get better trade
setups. Traders are advised to stay light and avoid taking
undue risks.
Key Levels
Support 1 - 10311
Resistance 1 - 10384
Support 2 - 10300
Resistance 2 - 10400
Nifty Bank Outlook - (25019)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued the consolidation phase and
traded in a narrow range in yesterday's session too. Although
the index is trading in range since last few weeks, the stock
specific momentum since last few days have been providing
good trading opportunities. In last week, the PSU Banks had
rallied sharply and now the private sector underperformers
such as ICICI Bank and Axis Bank too have witnessed a V-
shaped recovery. On the index front, the resistance of the
recent consolidation phase is seen around 25200. Until the
index gives a breakout above the same, we continue with our
advice to focus on stock specific moves. The intraday support
for the index are placed around 24948 and 24800, resistance
is seen at 25200.
Key Levels
Support 1 - 24948
Resistance 1 - 25160
Support 2 - 24800
Resistance 2 - 25200
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Technical & Derivatives Report
November 01, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.29%
BankNifty futures open interest has decreased by 1.92%
as market closed at 10335.30 levels.
The Nifty November future closed with a premium of
33.20 points against a premium of 24.80 points in last
trading session. The December series closed at a
premium of 70.90 points.
The Implied Volatility of at the money options has
increased from 10.69 to 11.30. At the same time, the
PCR-OI of Nifty has increased from 1.42 to 1.45 level.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, BALKRISIND, CGPOWER,
CONCOR and SUZLON
Views
OI Gainers
FIIs were net sellers in cash market segment and index
OI
PRICE
SCRIP
OI
PRICE
futures. They sold equities to the tune of Rs. 532 crores.
CHG. (%)
CHG. (%)
NIITTECH
1020000
46.55
676.95
5.48
While, in index futures they sold worth Rs. 630 crores
BEL
21577050
42.50
184.60
5.37
with rise in open interest, indicating decent amount of
POWERGRID
19680000
38.44
211.85
-0.12
short formation in yesterday’s trading session.
GODREJCP
2500800
33.02
933.90
0.91
In index options front, PCR-OI surged higher due to open
interest addition in 10000-10400 put options. In call
CAPF
3949600
24.80
754.60
5.14
options, except for some unwinding in 10700 strike; we
MRPL
10440000
23.21
142.35
5.32
hardly saw relevant action. Now, maximum
NATIONALUM
25776000
14.66
95.70
4.67
concentration of open interest is now placed at 10400
CONCOR
1471250
14.22
1382.35
0.98
call and 10000 put options.
Yesterday, FIIs were net sellers in cash segment, index as
OI Losers
well as stock futures. However, longs rolled in last series
OI
PRICE
SCRIP
OI
PRICE
are still intact. Thus, unless we don’t see any meaningful
CHG. (%)
CHG. (%)
BATAINDIA
1859000
-7.50
811.10
-1.39
follow-up selling or profit-booking, we would advise
traders to avoid shorting index. One should prefer stock
CHOLAFIN
370000
-7.27
1151.20
0.51
specific approach as they have better risk-reward ratio.
AJANTPHARM
1219600
-7.18
1220.05
-1.51
WOCKPHARMA
3393900
-5.06
647.00
0.19
IOC
13623000
-5.01
415.50
0.01
TORNTPOWER
5100000
-4.55
271.30
-2.23
BHARATFIN
12298000
-4.22
975.05
0.72
KAJARIACER
1165600
-4.08
680.20
-0.94
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BEL
36.85
NIFTY
1.45
1.04
DLF
51.45
BANKNIFTY
1.17
0.89
DABUR
24.99
YESBANK
0.37
0.33
AXISBANK
59.41
INFY
0.44
0.51
MRPL
39.89
SBIN
0.81
0.70
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Technical & Derivatives Report
November 01, 2017
FII Statistics for October 31, 2017
Turnover on October 31, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
904.47
1534.58
(630.10)
276936
21966.41
1.95
107383
9322.30
9.06
FUTURES
FUTURES
INDEX
INDEX
28440.44
27557.06
883.38
908766
72218.05
3.92
2627662
244018.37
14.90
OPTIONS
OPTIONS
STOCK
6936.12
7250.96
(314.84)
926263
64372.00
1.89
STOCK
FUTURES
799293
56321.98
3.29
FUTURES
STOCK
STOCK
7056.90
7122.12
(65.22)
79074
5550.72
17.01
495566
35830.91
-2.13
OPTIONS
OPTIONS
Total
43337.93
43464.71
(126.78)
2191039
164107.18
3.22
TOTAL
4029904
345493.57
10.71
Nifty Spot = 10335.30
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10300
171.35
Buy
10300
106.85
57.70
42.30
10357.70
29.45
70.55
10270.55
Sell
10400
113.65
Sell
10200
77.40
Buy
10300
171.35
Buy
10300
106.85
102.55
97.45
10402.55
52.10
147.90
10247.90
Sell
10500
68.80
Sell
10100
54.75
Buy
10400
113.65
Buy
10200
77.40
44.85
55.15
10444.85
22.65
77.35
10177.35
Sell
10500
68.80
Sell
10100
54.75
Note: Above mentioned Bullish or Bearish Spreads in Nifty (November Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
November 01, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
422
426
430
434
437
AMBUJACEM
276
279
284
287
292
ASIANPAINT
1,169
1,175
1,182
1,188
1,195
AUROPHARMA
745
753
762
770
779
AXISBANK
479
501
515
537
551
BAJAJ-AUTO
3,222
3,240
3,268
3,285
3,313
BAJFINANCE
1,750
1,775
1,800
1,825
1,849
BPCL
520
531
538
548
555
BHARTIARTL
479
488
496
505
512
INFRATEL
407
425
437
454
466
BOSCHLTD
20,792
20,902
21,110
21,220
21,428
CIPLA
615
621
628
634
641
COALINDIA
281
284
286
289
291
DRREDDY
2,327
2,377
2,441
2,491
2,555
EICHERMOT
31,833
32,033
32,400
32,600
32,967
GAIL
455
460
469
474
482
HCLTECH
828
842
851
865
875
HDFCBANK
1,794
1,801
1,806
1,814
1,819
HDFC
1,681
1,694
1,711
1,724
1,741
HEROMOTOCO
3,799
3,824
3,847
3,873
3,896
HINDALCO
260
264
269
273
278
HINDPETRO
434
440
450
457
466
HINDUNILVR
1,220
1,229
1,239
1,248
1,259
IBULHSGFIN
1,222
1,233
1,251
1,262
1,280
ICICIBANK
296
298
301
303
306
IOC
407
411
417
421
427
INDUSINDBK
1,606
1,617
1,629
1,640
1,653
INFY
914
918
924
928
934
ITC
262
264
266
267
269
KOTAKBANK
1,014
1,020
1,027
1,033
1,040
LT
1,196
1,209
1,224
1,237
1,251
LUPIN
997
1,013
1,025
1,041
1,053
M&M
1,319
1,332
1,355
1,368
1,391
MARUTI
8,142
8,177
8,202
8,236
8,261
NTPC
178
180
182
183
185
ONGC
182
186
189
194
197
POWERGRID
206
209
214
217
222
RELIANCE
926
933
940
947
953
SBIN
298
302
308
312
318
SUNPHARMA
540
546
553
559
565
TCS
2,583
2,604
2,622
2,642
2,660
TATAMOTORS
420
424
432
436
443
TATASTEEL
678
691
710
723
743
TECHM
471
477
482
487
492
ULTRACEMCO
4,340
4,370
4,423
4,453
4,506
UPL
769
784
810
825
851
VEDANTA
322
327
335
340
348
WIPRO
291
292
294
296
298
YESBANK
307
311
315
319
323
ZEEL
533
538
543
547
552
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Technical & Derivatives Report
November 01, 2017
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]m
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