Technical & Derivatives Report
October 04, 2018
Sensex (35977) / Nifty (10858)
Exhibit 1: Nifty Daily Chart
There is no respite for our markets as Monday’s recovery did not
last long. Yesterday, we opened slightly lower and then traded in
a range throughout the first half. There were a couple of attempts
made to bounce back from lower levels but all eventually got sold
into. In fact, the selling aggravated towards the fag end of the
day to conclude the day with a massive cut of 1.5% from the
previous close.
Today, taking global cues into consideration, we are likely to
open with a bigger cut. But, one needs to understand that ‘200
days’ SMA is placed around 10775 - 10780 and hence, if we
open around it, it’s advisable not to create fresh short positions. It
would sound contradictory at this juncture, but we will not be
surprised to see some relief around it. On the upside, in case of a
gap down, 10840 - 10900 would be seen immediate resistance
levels. Traders are advised not to trade aggressively today as we
expect volatility to remain on the higher side.
As far as individual sectors are concerned, Metal was clearly the
outshining pack and this is what we have been quite vocal about
since last week or so. Traders can focus on it and also despite
crude trading at elevated levels, OMC’s are showing sign of
strength.
Key Levels
Support 1 - 10775
Resistance 1 -
10840
Support 2 - 10700
Resistance 2 -
10900
Nifty Bank Outlook - (25070)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank Index opened marginally negative yesterday and
witnessed choppy moves within the previous sessions trading
range. The index eventuality ended tad above the 25000 mark,
registering a loss of 1.17%.
If we meticulously observe the daily chart, the index has traded in
a broad range of 900 points (24700 - 25600) for the last six
trading sessions. Going ahead, a trended move can only be seen
on a range break from either side of this mentioned range. With
RBI policy outcome around the corner we sense an increase in
volatility and hence traders are advised to focus on stock specific
moves within the sector which are likely to provide better trading
opportunities. The intraday resistances are seen around 25280-
25520 whereas support is placed around 24890-24700.
Key Levels
Support 1 - 24890
Resistance 1 -
25280
Support 2 - 24700
Resistance 2 - 25520
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Technical & Derivatives Report
October 04, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 5.45%
Bank Nifty futures open interest has increased by 2.07%
as market closed at 10858.25 levels.
The Nifty October future closed with a premium of 35.35
points against a premium of 53.50 points in last trading
session. The November series closed at a premium of
89.50 points.
The INDIA VIX has increased from 16.83 to 18.11.
At the same time, the PCR-OI of Nifty has decreased
from 1.41 to 1.36.
Few of the liquid counters where we have seen high cost
of carry are KSCL, JPASSOCIAT, SUZLON, IDEA and
IFCI.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 1550 crores. At the same time, they sold worth
CHG. (%)
CHG. (%)
Rs. 700 crores in index futures with rise in open interest,
BATAINDIA
1808400
18.70
915.30
-5.79
indicating short formation in previous trading session.
RAMCOCEM
810400
18.34
637.35
-3.64
In options front, they sold of Rs. 1357 crores with rise in
BAJAJFINSV
772750
12.60
5752.50
-2.84
open interest. As far as Nifty options activities are
M&M
15813000
12.17
791.60
-6.76
considered, we saw good amount of fresh build-up in
HINDALCO
41328000
11.66
253.75
4.80
11000-11300 and 11500 call options and we believe
EICHERMOT
276450
11.21
23235.75
-6.55
these are short positions. On the flip side, 10700 and
MFSL
2476800
10.97
392.65
-3.02
10500 put options added huge positions. Maximum
INFRATEL
5475700
10.61
251.70
-5.74
open interest for October series now stood at 11500
followed by 11200 call and 10500 followed by 10700
put options.
OI Losers
Post Monday’s recovery, once again we witnessed sharp
OI
PRICE
SCRIP
OI
PRICE
sell-off along with decent shorts in index futures segment.
CHG. (%)
CHG. (%)
SIEMENS
1315000
-9.03
980.30
3.82
We concluded the day near the lowest point with a cut of
DHFL
14281500
-8.74
317.65
-0.48
150 points. The volatility index climbed above 18, on
BEML
1705000
-8.38
609.75
3.73
account of sharp fall. Meanwhile, we saw good amount
NIITTECH
1539000
-8.31
1206.60
3.13
of writing in Nifty call strikes from
11000-11500;
whereas, fresh long were added in index puts. As
YESBANK
87603250
-7.38
212.75
5.62
indicated by the SGX, we may start today’s session with a
BAJFINANCE
7084000
-6.43
2232.20
0.68
decent cut but one should avoid taking any aggressive
BEL
35313300
-6.32
83.40
0.42
bets as volatility may increase further.
JPASSOCIAT
101762000
-6.12
7.10
2.13
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
NATIONALUM
73.04
NIFTY
1.36
0.84
KSCL
58.90
BANKNIFTY
0.75
0.74
M&M
49.09
RELIANCE
0.50
0.74
BATAINDIA
41.87
ICICIBANK
0.61
0.72
INFRATEL
46.27
INFY
1.07
0.95
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Technical & Derivatives Report
October 04, 2018
FII Statistics for October 03, 2018
Turnover on October 03, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4293.45
4992.99
(699.54)
227816
18494.99
3.52
322926
29136.09
0.26
FUTURES
FUTURES
INDEX
INDEX
153317.75
154675.08
(1357.33)
771920
65980.73
5.16
10652319
1049118.07
62.74
OPTIONS
OPTIONS
STOCK
14339.67
14389.22
(49.55)
1225791
83525.17
0.74
STOCK
FUTURES
961531
60491.27
-4.27
FUTURES
STOCK
STOCK
6142.19
6095.12
47.07
67601
4491.89
34.67
548246
37465.42
0.14
OPTIONS
OPTIONS
Total
178093.06
180152.40
(2059.34)
2293128
172492.78
3.24
TOTAL
12485022
1176210.85
51.90
Nifty Spot = 10858.25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
248.60
Buy
10800
156.90
60.25
39.75
10860.25
30.40
69.60
10769.60
Sell
10900
188.35
Sell
10700
126.50
Buy
10800
248.60
Buy
10800
156.90
113.00
87.00
10913.00
56.30
143.70
10743.70
Sell
11000
135.60
Sell
10600
100.60
Buy
10900
188.35
Buy
10700
126.50
52.75
47.25
10952.75
25.90
74.10
10674.10
Sell
11000
135.60
Sell
10600
100.60
Note: Above mentioned Bullish or Bearish Spreads in Nifty (October Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
October 04, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
320
325
331
336
343
ASIANPAINT
1,233
1,242
1,256
1,265
1,278
AXISBANK
554
563
578
587
601
BAJAJ-AUTO
2,667
2,699
2,734
2,767
2,802
BAJFINANCE
2,079
2,156
2,243
2,319
2,407
BAJAJFINSV
5,553
5,653
5,801
5,901
6,049
BPCL
351
364
373
387
395
BHARTIARTL
310
314
321
325
332
INFRATEL
239
245
256
263
274
CIPLA
642
648
656
662
670
COALINDIA
263
270
276
282
288
DRREDDY
2,440
2,465
2,507
2,532
2,574
EICHERMOT
21,979
22,607
23,679
24,307
25,379
GAIL
376
379
382
385
389
GRASIM
944
957
975
988
1,006
HCLTECH
1,061
1,076
1,089
1,104
1,117
HDFCBANK
1,985
2,008
2,030
2,053
2,075
HDFC
1,767
1,782
1,801
1,816
1,835
HEROMOTOCO
2,841
2,877
2,936
2,972
3,031
HINDALCO
233
243
250
260
267
HINDPETRO
229
240
249
259
268
HINDUNILVR
1,587
1,603
1,623
1,638
1,658
IBULHSGFIN
819
882
943
1,005
1,066
ICICIBANK
295
299
307
311
319
IOC
148
153
156
161
164
INDUSINDBK
1,581
1,610
1,635
1,663
1,688
INFY
710
719
736
745
761
ITC
291
293
297
299
302
JSW STEEL
372
378
383
388
393
KOTAKBANK
1,055
1,077
1,108
1,129
1,160
LT
1,209
1,227
1,245
1,263
1,280
M&M
750
771
808
829
867
MARUTI
7,090
7,168
7,289
7,367
7,489
NTPC
165
166
167
169
170
ONGC
175
178
181
184
187
POWERGRID
186
187
190
191
194
RELIANCE
1,175
1,190
1,215
1,230
1,254
SBIN
266
269
274
277
282
SUNPHARMA
604
613
627
635
649
TCS
2,092
2,127
2,191
2,227
2,291
TATAMOTORS
222
225
229
232
236
TATASTEEL
565
572
583
591
602
TECHM
722
736
758
773
795
TITAN
778
786
800
808
821
ULTRACEMCO
3,723
3,792
3,882
3,950
4,040
UPL
621
632
650
661
680
VEDANTA
225
233
240
247
254
WIPRO
319
323
327
331
334
YESBANK
192
202
213
223
233
ZEEL
427
433
438
443
449
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Technical & Derivatives Report
October 04, 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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