Technical & Derivatives Report
January 03, 2018
Sensex (33812) / Nifty (10442)
Exhibit 1: Nifty Daily Chart
Monday’s tail end sell off was followed by a gap up opening
mainly on the back of strong favorable cues from the HANG
SENG (Hong Kong) index. However, the entire lead got sold into
in first
10 minutes of trade. In fact, the selling pressure
aggravated to breach previous day’s low as well. However, a
smart recovery in the penultimate hour pushed the index higher
to conclude with negligible gains.
With reference to earlier article, the index precisely started
correcting after testing mentioned resistance of 10490 in the
opening trades. Once again, the banking pack turned out to be
the weakest link as we saw heavyweight banking stocks dragging
the index during the major part of the day. However, this was
followed by a smart recovery from a kissing distance of 10400;
courtesy to decent bounce back in BANKNIFTY from its key
support zone. Going ahead, we continue to see 10490 - 10520
as a sturdy wall and despite 10400 holding as a strong support,
we expect the index to slide below it to test 10380 - 10340 in
days to come. This time, the profit booking is seen in the broader
market as well. Since last couple of weeks, we have been
warranting some caution in NSE Midcap index as we were
observing some contradictory cautionary signs. Yesterday, we saw
midcap index correcting to nearly a percent to snap last five
sessions’ gains. This is what we have been anticipating and
considering Yesterday’s close, we expect this weakness to extend
in the midcap basket as well. Hence, traders are repeatedly
advised to be selective and avoid taking undue risk in the market
as the volatility may continue to scale up.
Key Levels
Support 1 - 10380
Resistance 1 - 10490
Support 2 - 10340
Resistance 2 - 10520
Nifty Bank Outlook - (25338)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded in a narrow range in yesterday's
session and ended the day near its previous session's close.
Yesterday's narrow range movement does not signify any change
in the chart structure. Hence, with reference to our recent articles,
we continue with our advice to avoid trading aggressively in this
space and follow a stock specific approach with proper risk
management strategy. The intraday supports for the Nifty Bank
index are placed around 25185 and 25130 whereas resistance is
seen around 25450.
Key Levels
Support 1 - 25185
Resistance 1 - 25450
Support 2 - 25130
Resistance 2 - 25500
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Technical & Derivatives Report
January 03, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.97%
BankNifty futures open interest has increased by 4.08%
as market closed at 10442.20 levels.
The Nifty January future closed with a premium of 30
points against a premium of 63.15 points in last trading
session. The February series closed at a premium of
52.35 points.
The INDIA VIX has increased from 13.35 to 13.68. At the
same time, the PCR-OI of Nifty has decreased from 1.56
to 1.50 level.
Few of the liquid counters where we have seen high cost
of carry are DALMIABHA, RNAVAL, RCOM, TATACHEM
and TV18BRDCST.
Views
OI Gainers
FIIs were net buyers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 523. At the same time, they were sellers in index
CHG. (%)
CHG. (%)
futures of Rs. 1030 crores with rise in open interest,
EICHERMOT
205375
21.51
28824.55
-4.25
indicating fresh short formation in yesterday’s trading
TVSMOTOR
4649000
12.79
778.00
1.18
session.
TATAELXSI
2438400
7.63
982.95
1.60
In index options front, they were buyers of Rs. 1545
BPCL
9111600
7.41
501.40
-1.84
crores with rise in open interest. As far as options
DISHTV
41916000
7.14
85.55
4.33
activities for January series are concerned, build-up was
NIITTECH
1000500
7.06
646.60
-1.74
seen between 10500-10700 call options. On the flip
TORNTPOWER
6096000
7.06
279.35
-2.55
side, 10300 and 10400 put options added fresh OI;
MUTHOOTFIN
1675500
6.58
461.50
-2.38
followed by unwinding in
10500 strike. Maximum
concentration of open interest is now placed at 11000
call; followed by 10600 strikes; whereas, in put options is
OI Losers
seen in 10300 strike price.
OI
PRICE
SCRIP
OI
PRICE
Yesterday, market remained volatile in a range. We saw
CHG. (%)
CHG. (%)
fresh short formation in BankNifty; whereas, hardly any
RCOM
89572000
-16.41
32.65
-7.38
relevant activity was seen in Nifty futures. Stronger hands
HDIL
37926000
-11.12
61.85
-4.11
formed fresh short positions in index and stock futures in
ICIL
10405000
-5.79
118.45
-3.74
yesterday’s session. At the same time, they bought index
INFRATEL
8000200
-5.79
379.60
1.88
put options. At present, index has strong support near
MCDOWELL-N
1712000
-5.48
3599.95
-1.75
10350-10400 levels. Unless we don’t see any
CUMMINSIND
579600
-5.48
924.75
0.78
meaningful follow up selling; traders are advised
MINDTREE
1702800
-5.34
606.95
-0.61
avoiding any bearish bets in index and focus on
NMDC
29376000
-4.95
148.85
5.16
individual stock.
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.50
0.97
NMDC
38.53
BANKNIFTY
0.90
0.96
EICHERMOT
32.99
RELIANCE
0.45
0.52
DISHTV
34.32
TATAMOTORS
0.56
0.40
TATAMTRDVR
35.28
SBIN
0.51
0.56
ASHOKLEY
36.42
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Technical & Derivatives Report
January 03, 2018
FII Statistics for January 02, 2018
Turnover on January 02, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1072.97
2103.23
(1030.27)
167645
13461.13
3.80
196640
16972.44
39.56
FUTURES
FUTURES
INDEX
INDEX
52735.82
51190.88
1544.95
686764
55446.47
4.59
4454691
418256.67
97.91
OPTIONS
OPTIONS
STOCK
9595.68
10011.29
(415.61)
929183
68150.89
1.63
STOCK
FUTURES
751360
55861.55
23.15
FUTURES
STOCK
STOCK
6015.44
5997.29
18.14
48141
3671.22
57.55
438593
34028.36
32.80
OPTIONS
OPTIONS
Total
69419.91
69302.70
117.21
1831733
140729.71
3.90
TOTAL
5841284
525119.01
78.32
Nifty Spot = 10442.20
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10500
110.40
Buy
10400
101.50
44.60
55.40
10544.60
31.20
68.80
10368.80
Sell
10600
65.80
Sell
10300
70.30
Buy
10500
110.40
Buy
10400
101.50
74.80
125.20
10574.80
53.65
146.35
10346.35
Sell
10700
35.60
Sell
10200
47.85
Buy
10600
65.80
Buy
10300
70.30
30.20
69.80
10630.20
22.45
77.55
10277.55
Sell
10700
35.60
Sell
10200
47.85
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 03, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
390
394
399
402
407
AMBUJACEM
263
265
268
271
273
ASIANPAINT
1,126
1,135
1,142
1,150
1,158
AUROPHARMA
656
664
676
684
696
AXISBANK
549
554
561
567
574
BAJAJ-AUTO
3,240
3,267
3,308
3,335
3,376
BAJFINANCE
1,695
1,710
1,725
1,740
1,754
BPCL
488
494
503
509
519
BHARTIARTL
499
508
520
529
541
INFRATEL
366
373
376
383
386
BOSCHLTD
19,369
19,546
19,751
19,928
20,133
CIPLA
597
603
611
616
624
COALINDIA
265
268
269
272
273
DRREDDY
2,371
2,390
2,415
2,434
2,458
EICHERMOT
27,640
28,155
29,055
29,570
30,470
GAIL
487
490
497
501
508
HCLTECH
870
881
888
900
906
HDFCBANK
1,852
1,862
1,869
1,879
1,885
HDFC
1,677
1,690
1,698
1,711
1,719
HEROMOTOCO
3,684
3,714
3,749
3,779
3,814
HINDALCO
265
269
271
275
278
HINDPETRO
393
400
408
414
422
HINDUNILVR
1,318
1,328
1,339
1,349
1,360
IBULHSGFIN
1,157
1,170
1,193
1,207
1,230
ICICIBANK
305
308
310
312
314
IOC
379
382
388
392
397
INDUSINDBK
1,618
1,631
1,639
1,652
1,660
INFY
1,013
1,021
1,032
1,040
1,051
ITC
258
259
262
263
266
KOTAKBANK
987
995
1,001
1,009
1,014
LT
1,227
1,238
1,254
1,265
1,281
LUPIN
861
868
878
885
895
M&M
741
747
752
759
764
MARUTI
9,406
9,480
9,599
9,673
9,793
NTPC
176
177
178
180
181
ONGC
194
195
196
198
199
POWERGRID
198
199
201
202
203
RELIANCE
899
905
912
918
926
SBIN
297
300
305
308
312
SUNPHARMA
559
566
574
580
589
TCS
2,591
2,611
2,640
2,660
2,690
TATAMOTORS
415
427
434
446
453
TATASTEEL
709
719
725
735
741
TECHM
499
507
511
518
522
ULTRACEMCO
4,209
4,230
4,266
4,288
4,323
UPL
738
756
766
783
793
VEDANTA
315
321
325
331
335
WIPRO
310
314
319
324
329
YESBANK
304
308
311
315
318
ZEEL
572
575
579
583
587
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Technical & Derivatives Report
January 03, 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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