Technical & Derivatives Report
December 04, 2017
Sensex (32833) / Nifty (10122)
Similar to previous sessions, a massive overnight rally from US
Exhibit 1: Nifty Daily Chart
bourses did not have any impact on our markets on Friday. In the
initial trades, we did see a gap up opening, but this entire lead
was overshadowed by a brutal selling throughout the session to
register yet another bearish day with a cut of over a percent.
With respect to our previous article, we had advised caution and
expected Nifty to slide towards the immediate junction of 10100.
In-line with our anticipation, the index fell after entering a strong
resistance zone of 10270 - 10320 and went on to breach the
‘Upward Sloping Trend Line’ support of 10220. We would
continue with our cautious stance on the market as the structure
on daily as well as weekly charts is getting distorted. Considering
the recent development, we would not be surprised to see index
slipping below the 10000 mark in days to come. It’s accepted
that on last couple of occasions, the index reversed after giving a
truncated correction; but, this time, we do not expect it to be
repeated. Traders are advised not to make any kind of bottom
fishing and should rather stay light on positions.
Key Levels
Support 1 - 10047
Resistance 1 - 10186
Support 2 - 10000
Resistance 2 - 10230
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (25192)
The Nifty Bank index continued its corrective move in Friday's
trading session and ended the week below 25200, registering a
weekly loss of 2.28 percent.
After consolidating for nine trading sessions, the Nifty Bank index
has given a breakdown below the support of 25620 during last
week. Generally, such breakouts lead to a directional movement
and hence, we continue with our short-term negative stance in the
index. In near term, we expect the index to correct at least up to
25120-25000. While on any pullback moves, 25400-25500 is
likely to act as a resistance zone.
Key Levels
Support 1 - 25120
Resistance 1 - 25400
Support 2 - 25000
Resistance 2 - 25520
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Technical & Derivatives Report
December 04, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.71%
BankNifty futures open interest has decreased by 0.29%
as market closed at 10121.80 levels.
The Nifty December future closed with a premium of
32.45 points against a premium of 52.10 points in last
trading session. The January series closed at a premium
of 66.95 points.
The INDIA VIX has increased from 13.55 to 14.79. At the
same time, the PCR-OI of Nifty has decreased from 1.32
to 1.20 level.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, JPASSOCIAT, PVR, JSWENERGY
and JUBLFOOD.
Views
FIIs were net buyer in cash market to the tune of Rs. 306
crores. While, they were marginal sellers in index futures
OI Gainers
with rise in open interest, suggesting blend of short and
OI
PRICE
long unwinding in previous trading session.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
In index options front, they were buyer of Rs.948 crores
ESCORTS
5152400
21.06
691.60
-3.71
with huge rise in open interest Being start of new series
JSWENERGY
64914500
12.89
84.15
0.48
build-up was scattered between 10200-10700 call and
CUMMINSIND
765000
12.63
845.95
-2.50
10000-10300 put options. For December series,
POWERGRID
22652000
11.92
204.10
-0.95
maximum open interest concentration is placed at
KPIT
10737500
11.62
161.50
-5.36
10500 call and 10000 put option
CHOLAFIN
494000
10.27
1287.90
0.72
We witnessed index tumbling below its support zone
TV18BRDCST
77724000
10.06
54.90
-2.23
of
10300-10350 on the expiry day. Now, Nifty
EQUITAS
18611200
9.20
140.95
-4.51
Rollovers is at 63.28% which is below its 3 month
average; suggesting decent amount of positions have
been lightened up ahead of the upcoming events. FIIs
OI Losers
OI
PRICE
too refrained from rolling their positions, resulting into
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
a decline in their index futures open interest by 37%
BALKRISIND
319600
-21.20
2104.10
-1.96
series on series. However, they rolled over good
BANKBARODA
48348500
-8.17
167.80
-0.77
amount of their short positions formed in stock futures
MGL
1057200
-6.57
1095.45
-1.18
last series. Hence, we believe market may remain
APOLLOHOSP
1794000
-6.02
1134.70
2.57
volatile going ahead and 10300-10350 may now act
BHARTIARTL
33959200
-5.60
485.15
-2.28
as an immediate hurdle for the index; while strong
BEL
18527850
-4.71
184.40
-0.75
support is placed around the 10000 mark
AJANTPHARM
749200
-4.68
1342.60
-2.01
JUSTDIAL
2162000
-4.59
512.00
-3.42
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
IBULHSGFIN
37.37
NIFTY
1.20
0.83
EQUITAS
36.30
BANKNIFTY
0.97
0.96
CUMMINSIND
22.33
INFY
0.53
0.59
KPIT
49.41
TATAMOTORS
0.36
0.39
BAJAJ-AUTO
22.15
RELIANCE
0.45
0.59
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Technical & Derivatives Report
December 04, 2017
FII Statistics for December 30, 2017
Turnover on December 30, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2696.32
2765.20
(68.88)
168228
13186.58
2.16
240522
20281.18
-55.18
FUTURES
FUTURES
INDEX
INDEX
50071.69
49123.59
948.10
1023565
80600.86
12.98
3795606
340165.57
-72.78
OPTIONS
OPTIONS
STOCK
8519.04
8984.67
(465.63)
957122
65734.33
2.53
STOCK
FUTURES
716438
51542.76
-67.27
FUTURES
STOCK
STOCK
5482.93
5501.37
(18.44)
30230
2087.30
1271.60
392025
29303.43
-39.08
OPTIONS
OPTIONS
Total
66769.98
66374.83
395.15
2179145
161609.07
8.62
TOTAL
5144591
441292.94
-70.59
Nifty Spot = 10121.80
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10100
177.40
Buy
10100
125.50
57.15
42.85
10157.15
31.55
68.45
10068.45
Sell
10200
120.25
Sell
10000
93.95
Buy
10100
177.40
Buy
10100
125.50
100.40
99.60
10200.40
56.35
143.65
10043.65
Sell
10300
77.00
Sell
9900
69.15
Buy
10200
120.25
Buy
10000
93.95
43.25
56.75
10243.25
24.80
75.20
9975.20
Sell
10300
77.00
Sell
9900
69.15
Note: Above mentioned Bullish or Bearish Spreads in Nifty (December Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
December 04, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
368
378
391
400
414
AMBUJACEM
259
261
265
267
271
ASIANPAINT
1,116
1,125
1,139
1,148
1,163
AUROPHARMA
647
660
681
694
715
AXISBANK
527
531
535
539
543
BAJAJ-AUTO
3,116
3,166
3,253
3,303
3,390
BAJFINANCE
1,683
1,697
1,720
1,734
1,756
BPCL
485
491
499
505
513
BHARTIARTL
471
478
488
495
505
INFRATEL
380
383
386
389
391
BOSCHLTD
18,832
19,410
20,399
20,978
21,967
CIPLA
587
593
599
605
612
COALINDIA
266
269
273
276
279
DRREDDY
2,184
2,209
2,247
2,272
2,311
EICHERMOT
28,410
28,845
29,595
30,030
30,780
GAIL
435
446
460
470
484
HCLTECH
813
821
836
844
859
HDFCBANK
1,835
1,842
1,851
1,857
1,867
HDFC
1,631
1,645
1,665
1,679
1,700
HEROMOTOCO
3,478
3,541
3,611
3,674
3,743
HINDALCO
229
232
237
240
245
HINDPETRO
399
404
412
417
425
HINDUNILVR
1,225
1,238
1,258
1,271
1,292
IBULHSGFIN
1,075
1,110
1,167
1,202
1,259
ICICIBANK
301
303
307
309
312
IOC
383
386
389
392
395
INDUSINDBK
1,635
1,648
1,665
1,678
1,694
INFY
940
950
966
976
993
ITC
252
253
256
258
261
KOTAKBANK
995
1,000
1,006
1,011
1,017
LT
1,191
1,201
1,218
1,228
1,245
LUPIN
804
809
816
821
828
M&M
1,393
1,401
1,414
1,422
1,435
MARUTI
8,530
8,570
8,632
8,672
8,734
NTPC
179
180
182
183
185
ONGC
176
178
181
182
185
POWERGRID
199
201
204
206
209
RELIANCE
893
901
916
925
940
SBIN
304
309
315
320
326
SUNPHARMA
508
517
531
540
554
TCS
2,593
2,612
2,640
2,658
2,686
TATAMOTORS
388
394
402
407
416
TATASTEEL
664
673
685
694
706
TECHM
455
464
478
487
501
ULTRACEMCO
4,101
4,143
4,196
4,238
4,291
UPL
717
723
733
740
749
VEDANTA
278
282
290
294
302
WIPRO
285
287
290
293
296
YESBANK
302
305
307
309
312
ZEEL
539
548
564
573
589
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Technical & Derivatives Report
December 04, 2017
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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