Technical & Derivatives Report
December 04, 2018
Sensex (36241) / Nifty (10884)
Exhibit 1: Nifty Daily Chart
Yesterday’s opening and the price action thereafter in the
benchmark was quite disappointing. This is because there was
strong development happened on the global front prior to our
market opening. The Dow future was trading with whopping
gains of nearly 500 points and all other Asian bourses were
clearly on a roll. Despite all this, we opened slightly higher and
then shaved off all gains during the first half. The latter half was
full of boredom and eventually, Nifty ended on a flat note tad
below the 10900 mark.
In the morning, most of the traders (especially the bulls) might
have dreamt of a huge rally in our markets looking at the stellar
moves across the globe. But, yesterday’s price action poured
water on all those expectations. Technically speaking, there is no
sign of weakness yet and hence, one needs to stay positive unless
we don’t see index breaking major support of 10700 - 10650.
Before this, Friday’s gap area of 10782 - 10757 is likely to act as
an immediate support zone. On the higher side, we maintain our
stance that the Nifty is heading towards 10940 - 11000 levels.
Heavyweight counters looked a bit tired yesterday and hence, it
led to some profit booking in the recent drivers like HDFC twins,
Reliance and L & T. However, the broader end of the spectrum
had a good positive traction throughout the day and thus, traders
should now look to find trading opportunities in the Midcap
universe which may provide better trading opportunities as
compared to the larger names.
Key Levels
Support 1 - 10782
Resistance 1 -
10940
Support 2 - 10757
Resistance 2 -
11000
Nifty Bank Outlook - (26857)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index consolidated in a range in yesterday's
session and ended the day near its previous session’s close. The
large-cap stocks showed lack of momentum yesterday whereas
stock specific positive traction was seen in the midcap names. On
the index front, the Nifty Bank index has been an outperformer in
last one month and as of now; there are no signs of reversal.
Hence, traders should continue to trade with a positive bias until
any reversal seen. The outcome of the RBI policy is scheduled
tomorrow which would be on traders radar. The intraday supports
for the index are placed around 26765 and 26575 whereas
resistances are seen around 27040 and 27205.
Key Levels
Support 1 - 26765
Resistance 1 -
27040
Support 2 - 26575
Resistance 2 -
27205
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Technical & Derivatives Report
December 04, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.12%.
Bank Nifty futures open interest has decreased by 1.94%
as market closed at 10883.75 levels.
The Nifty December future closed with a premium of
40.25 points against a premium of 23.90 points in last
trading session. The January series closed at a premium
of 83.60 points.
The INDIA VIX has decreased from 19.16 to 18.22.
At the same time, the PCR-OI of Nifty has decreased
from 1.70 to 1.68.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, PTC, NHPC, UJJIVAN and IDFC.
Views
OI Gainers
FIIs were net buyers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 293 crores. In index futures segment, they bought
CHG. (%)
CHG. (%)
SUNPHARMA
52494200
35.27
455.40
-7.21
of Rs. 401 crores in index futures good amount of rise in
IGL
4801500
19.34
261.95
-0.09
open interest, indicating fresh long formation in
yesterday’s trading session.
ORIENTBANK
11911000
13.03
93.20
4.12
In options front, they sold of Rs. 1170 crores with rise in
HINDUNILVR
9276000
12.24
1825.60
3.66
open interest. As far as Nifty options activities are
ASHOKLEY
63284000
12.01
107.15
-4.32
considered, 10900-11300 call options good amount of
TATAPOWER
46188000
11.81
82.55
8.73
positions. On the flip side, decent amount of build-up
INDIGO
3082200
10.93
982.80
-5.48
was seen in 11000 put option. Now, Maximum open
BEML
1122000
9.82
747.60
-0.38
interest for December series now stands at 11000 call
and 10500 put options.
Yesterday, market remained quite range-bound and
OI Losers
concluded the session with minor gains. In last two
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
trading sessions, we are witnessing fresh longs in index
APOLLOHOSP
1062500
-8.48
1292.20
2.02
futures. During November series, we saw blend of short
JINDALSTEL
25404750
-7.86
161.95
4.86
covering and fresh long formation in Nifty Futures.
MINDTREE
2325000
-7.69
893.45
1.89
Stronger hand too participated in the rally as they turned
L&TFH
19449000
-7.13
144.20
-0.38
net buyers in equities, index and stock futures segment.
AJANTPHARM
601000
-6.82
1155.60
-0.89
They continued their buying streak in last two sessions
IBULHSGFIN
22446000
-6.68
783.05
9.32
too. At current juncture, around 11000-11100 is the
RELCAPITAL
11772000
-5.70
232.05
3.00
immediate hurdle; whereas, 10700-10750 may act as a
TATASTEEL
32648031
-5.42
538.10
1.58
support zone. Traders are advised trading with positive
bias.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
PVR
42.43
NIFTY
1.68
0.97
TATAPOWER
61.15
BANKNIFTY
1.01
1.01
SUNPHARMA
58.28
RELIANCE
0.69
0.86
RCOM
110.55
ICICIBANK
0.64
0.67
PFC
90.52
INFY
1.40
0.58
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Technical & Derivatives Report
December 04, 2018
FII Statistics for December 03, 2018
Turnover on December 03, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2354.35
1953.09
401.25
287210
22407.98
5.09
208457
14257.58
-15.55
FUTURES
FUTURES
INDEX
INDEX
44812.01
45982.47
(1170.46)
739457
54580.76
3.20
5514695
324477.03
-4.71
OPTIONS
OPTIONS
STOCK
13957.15
13606.71
350.44
1430360
84424.91
1.15
STOCK
FUTURES
917326
51369.45
-0.13
FUTURES
STOCK
STOCK
7148.94
7032.55
116.40
81539
4460.44
21.03
616728
35894.93
18.09
OPTIONS
OPTIONS
Total
68272.45
68574.83
(302.38)
2538566
165874.09
2.72
TOTAL
74455
700968
-3.01
Nifty Spot = 10883.75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10900
204.90
Buy
10900
184.85
53.15
46.85
10953.15
36.05
63.95
10863.95
Sell
11000
151.75
Sell
10800
148.80
Buy
10900
204.90
Buy
10900
184.85
98.85
101.15
10998.85
66.45
133.55
10833.55
Sell
11100
106.05
Sell
10700
118.40
Buy
11000
151.75
Buy
10800
148.80
45.70
54.30
11045.70
30.40
69.60
10769.60
Sell
11100
106.05
Sell
10700
118.40
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, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
359
367
374
382
388
ASIANPAINT
1,320
1,330
1,344
1,353
1,368
AXISBANK
615
620
626
631
638
BAJAJ-AUTO
2,687
2,712
2,738
2,763
2,789
BAJFINANCE
2,454
2,481
2,518
2,546
2,583
BAJAJFINSV
5,908
5,953
6,021
6,067
6,134
BPCL
314
319
323
328
332
BHARTIARTL
312
316
318
322
325
INFRATEL
251
253
257
259
263
CIPLA
527
531
538
543
550
COALINDIA
242
246
249
252
255
DRREDDY
2,598
2,633
2,688
2,723
2,778
EICHERMOT
22,528
23,048
23,473
23,993
24,418
GAIL
333
344
351
362
369
GRASIM
843
854
868
879
894
HCLTECH
995
1,007
1,016
1,028
1,037
HDFCBANK
2,086
2,099
2,121
2,135
2,156
HDFC
1,922
1,952
1,984
2,014
2,046
HEROMOTOCO
2,967
3,004
3,035
3,072
3,104
HINDALCO
228
231
234
237
240
HINDPETRO
219
222
226
229
233
HINDUNILVR
1,714
1,770
1,804
1,860
1,894
IBULHSGFIN
702
742
766
806
829
ICICIBANK
349
352
356
359
362
IOC
131
132
133
134
135
INDUSINDBK
1,626
1,641
1,651
1,667
1,677
INFY
659
665
672
678
685
ITC
278
281
285
287
292
JSW STEEL
306
311
318
322
329
KOTAKBANK
1,204
1,215
1,230
1,241
1,255
LT
1,399
1,413
1,426
1,441
1,454
M&M
729
745
773
789
817
MARUTI
7,567
7,673
7,737
7,843
7,907
NTPC
138
141
144
147
149
ONGC
139
141
142
144
145
POWERGRID
177
180
184
188
192
RELIANCE
1,134
1,145
1,160
1,171
1,186
SBIN
281
284
286
289
291
SUNPHARMA
433
444
453
464
472
TCS
1,959
1,970
1,980
1,992
2,002
TATAMOTORS
168
171
174
178
180
TATASTEEL
525
532
542
549
559
TECHM
697
705
711
719
725
TITAN
913
925
932
944
951
ULTRACEMCO
3,969
4,008
4,054
4,093
4,139
UPL
707
720
741
754
775
VEDANTA
199
201
203
205
207
WIPRO
320
324
327
331
333
YESBANK
160
169
174
183
188
ZEEL
456
466
483
492
509
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Technical & Derivatives Report
December 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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