Technical & Derivatives Report
January 05, 2018
Sensex (33970) / Nifty (10505)
Exhibit 1: Nifty Daily Chart
Yesterday, we saw our markets opening higher owing to positive
global cues. Barring the inaugural hour, the index kept marching
higher gradually throughout the day to eventually reclaim the
10500 mark on a closing basis. The banking index unexpectedly
contributed to some extent in this move.
Traders across the globe started showing concerns over the
mounting levels in crude oil and inching closer to the 70 mark.
However, it appears that our benchmarks completely shrugged
off this development and has displayed some strength. But, if we
look at the overall intraday range, it remains very small and has
maintained its position within our mentioned resistance zone of
10490 - 10520. So, as far as index is concerned, there is not
much change in the levels to watch out for. On the downside,
10441 followed by 10400 would be seen as immediate support
levels. We have been highlighting about the spectacular run that
some of the smaller size midcap stocks are enjoying these days.
In fact, the frenzy environment still continues and look at the way
some of the individual stocks are hastening since last couple of
days. Yes, such euphoric moves generally does not bode well for
the markets but according to us one can still look for trading
opportunities in such selective propositions. But, one needs to be
participating in a conservative manner and by following strict stop
losses.
Key Levels
Support 1 - 10440
Resistance 1 - 10520
Support 2 - 10400
Resistance 2 - 10552
Nifty Bank Outlook - (25463)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued the consolidation phase yesterday
and traded in a range of 180 points. However, the stock specific
momentum was positive, which resulted in the index ending the
session near the high point of the day.
Amongst the banking space, the PSU banks stock showed a
positive momentum which led to gains of 2.69 percent in the Nifty
PSU Bank index. Looking at the positive momentum in the
broader markets, it would be wise for traders to look for stock
specific opportunities, which could fetch good returns in near
term. As far as the index movement is concerned, unless the
heavyweights show any directional move, the index could
continue to consolidate in a range The intraday supports for the
Nifty Bank index are placed around 25300 and 25285 whereas
resistances are seen around 25520 and 25730.
Key Levels
Support 1 - 25300
Resistance 1 - 25520
Support 2 - 25285
Resistance 2 - 25730
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Technical & Derivatives Report
January 05, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.00%
BankNifty futures open interest has increased by 0.55%
as market closed at 10504.80 levels.
The Nifty January future closed with a premium of 21.40
points against a premium of 26.20 points in last trading
session. The February series closed at a premium of
45.05 points.
The INDIA VIX has decreased from 13.62 to 13.41. At
the same time, the PCR-OI of Nifty has decreased from
1.48 to 1.54 level.
Few of the liquid counters where we have seen high cost
of carry are CGPOWER, GMRINFRA, SOUTHBANK,
RNAVAL and RCOM.
Views
OI Gainers
FIIs were net buyer in cash market segment to the tune of
OI
PRICE
SCRIP
OI
PRICE
Rs. 212 crores. At the same time, they were sellers in
CHG. (%)
CHG. (%)
index futures of Rs. 448 crores with rise in open interest,
JISLJALEQS
58338000
18.33
137.00
5.96
indicating fresh short formation in yesterday’s trading
RNAVAL
30294000
17.00
58.10
-1.36
session.
IDBI
29810000
15.05
64.75
8.28
In index options front, they were buyers of Rs. 997 crores
BATAINDIA
2241800
12.85
771.65
-0.67
with rise in open interest. As far as options activities in
ALBK
19050000
9.42
74.00
2.14
Nifty are concerned, we hardly saw any strike of call
HCC
66450000
8.85
41.85
2.83
option adding relevant OI; however, decent unwinding
CONCOR
1114375
8.45
1384.55
0.54
was seen in 10500 and 10600 strikes. On the flip side,
BEL
23547150
7.97
181.10
-0.52
10000-10500 put options added fresh position; wherein,
huge positions were formed in 10200 and 10400 strikes.
Maximum concentration of open interest is now placed at
OI Losers
11000 call; followed by 10600 strikes; whereas, in put
OI
PRICE
SCRIP
OI
PRICE
options is seen in 10400 strike price.
CHG. (%)
CHG. (%)
Yesterday, market extended its gains and concluded the
CUMMINSIND
440400
-18.17
975.45
4.56
session above 10500 mark. Maximum open interest in
UJJIVAN
7369600
-6.55
407.25
1.70
put options has shifted higher to 10400; indicating
ASHOKLEY
61334000
-6.16
127.15
1.84
strong base around these levels. FIIs continue buying
TORNTPHARM
372500
-5.70
1400.90
0.99
equities along with some short formation in index futures.
ONGC
38621250
-5.62
199.00
2.37
Now, index has strong support near 10350-10400 levels
HEXAWARE
4320000
-5.51
349.20
-0.37
and as long as index remains above these levels traders
NIITTECH
883500
-4.69
654.25
0.93
are advised avoiding any bearish bets in index and focus
MARICO
4680000
-4.56
324.10
0.61
on individual stock.
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.54
1.07
IDBI
50.46
BANKNIFTY
0.95
0.83
JINDALSTEL
75.28
RELIANCE
0.43
0.32
CUMMINSIND
34.44
TATAMOTORS
0.52
0.44
LT
25.49
SUNPHARMA
0.60
0.41
TATASTEEL
28.03
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Technical & Derivatives Report
January 05, 2018
FII Statistics for January 04, 2018
Turnover on January 04, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
840.72
1288.93
(448.21)
185272
14982.56
1.92
160544
14139.96
-9.03
FUTURES
FUTURES
INDEX
INDEX
72737.66
71741.02
996.65
691537
55997.34
(1.31)
9378678
925701.07
95.04
OPTIONS
OPTIONS
STOCK
9215.17
9323.37
(108.21)
936184
69380.38
0.34
STOCK
FUTURES
737220
58163.73
7.74
FUTURES
STOCK
STOCK
6497.78
6486.20
11.58
69479
5457.19
20.46
459730
38175.49
26.26
OPTIONS
OPTIONS
Total
89291.33
88839.52
451.81
1882472
145817.48
0.50
TOTAL
10736172
1036180.25
80.40
Nifty Spot = 10504.80
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10500
127.50
Buy
10500
106.85
51.20
48.80
10551.20
33.15
66.85
10466.85
Sell
10600
76.30
Sell
10400
73.70
Buy
10500
127.50
Buy
10500
106.85
87.10
112.90
10587.10
57.10
142.90
10442.90
Sell
10700
40.40
Sell
10300
49.75
Buy
10600
76.30
Buy
10400
73.70
35.90
64.10
10635.90
23.95
76.05
10376.05
Sell
10700
40.40
Sell
10300
49.75
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 05, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
404
407
409
412
414
AMBUJACEM
269
271
273
275
277
ASIANPAINT
1,133
1,153
1,165
1,185
1,197
AUROPHARMA
658
663
667
672
676
AXISBANK
554
557
561
564
568
BAJAJ-AUTO
3,197
3,231
3,253
3,286
3,308
BAJFINANCE
1,698
1,726
1,742
1,770
1,786
BPCL
488
490
493
495
498
BHARTIARTL
509
516
522
529
534
INFRATEL
375
377
379
381
384
BOSCHLTD
19,464
19,558
19,674
19,768
19,884
CIPLA
598
607
613
622
628
COALINDIA
269
273
277
281
284
DRREDDY
2,314
2,363
2,391
2,440
2,468
EICHERMOT
28,105
28,338
28,648
28,881
29,190
GAIL
486
491
495
500
504
HCLTECH
875
884
892
901
908
HDFCBANK
1,847
1,853
1,859
1,866
1,872
HDFC
1,683
1,693
1,701
1,711
1,719
HEROMOTOCO
3,702
3,720
3,740
3,759
3,779
HINDALCO
272
276
279
282
285
HINDPETRO
404
411
416
424
429
HINDUNILVR
1,335
1,344
1,350
1,358
1,365
IBULHSGFIN
1,173
1,179
1,186
1,192
1,199
ICICIBANK
310
312
314
316
318
IOC
383
385
387
389
391
INDUSINDBK
1,622
1,634
1,643
1,656
1,665
INFY
1,004
1,010
1,015
1,021
1,027
ITC
259
261
262
263
264
KOTAKBANK
993
997
1,000
1,004
1,007
LT
1,265
1,291
1,305
1,330
1,345
LUPIN
864
871
877
884
890
M&M
745
751
756
761
766
MARUTI
9,293
9,340
9,414
9,460
9,535
NTPC
176
176
177
178
179
ONGC
193
196
198
201
203
POWERGRID
198
199
201
202
204
RELIANCE
913
917
919
923
925
SBIN
300
304
307
311
314
SUNPHARMA
551
566
575
590
599
TCS
2,631
2,644
2,653
2,666
2,675
TATAMOTORS
422
426
430
434
437
TATASTEEL
720
740
752
772
783
TECHM
510
516
521
527
532
ULTRACEMCO
4,275
4,310
4,330
4,365
4,385
UPL
773
777
782
787
792
VEDANTA
325
332
337
344
348
WIPRO
305
308
311
314
316
YESBANK
311
314
316
319
322
ZEEL
572
576
579
582
585
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Technical & Derivatives Report
January 05, 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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