Technical & Derivatives Report
October 05, 2017
Sensex (31672) / Nifty (9915)
Exhibit 1: Nifty Daily Chart
Once again, our markets opened higher on the back of positive
global cues and then consolidated for the major part of the day.
Despite RBI monetary policy lined up during the market hours, we
didn’t see any volatility, which was quite obvious also as market
participants didn’t expect any key announcement from the event.
Eventually, some bit of action seen in the concluding hour and in
the process, the Nifty managed to reclaim the 9900 mark with a
small margin. Looking at the daily chart, it can be observed that
the index has now reached its strong resistance zone of 9920 -
9950 and hence, recent bounce back from 9687.55 can be
construed as a pull back towards the ‘Trend Line’ as well as daily
’20 EMA’. As mentioned in the previous article, irrespective of
outcome from the event, our cautious stance on the market
remains intact. In fact, the outcome was also very much in-line
with general consensus. Now, we believe that this is the ideal time
for traders with a bearish mind set to create fresh shorts in the
market. A protective exit point should be placed beyond 9950 on
a closing basis. Although, 9850 - 9830 is seen as immediate
support, we would expect the index to eventually slide towards
9775 - 9685 in days to come.
Key Levels
Support 1 - 9850
Resistance 1 - 9920
Support 2 - 9830
Resistance 2 - 9950
Nifty Bank Outlook - (24113)
Exhibit 2: Nifty Bank Daily Chart
Last couple of RBI monetary policies has been slightly on the
muted side and hence, we didn’t have much volatility on ‘D-day’.
Yesterday, Nifty Bank index underperformed the benchmark index
significantly and eventually ended the session with negligible
gains.
If we look at the daily chart, the trading range since last three
days has shrunk drastically, which is certainly a rare sight in case
of banking index. We continue to remain cautious as the ‘Lower
Top Lower Bottom’ structure on daily chart is clearly visible. For
the coming session, we see strong resistance in the vicinity of
24230 - 24330 and hence, traders are advised not to create
fresh longs at this moment. On the other hand, we may see
weakness once the index slides below the 24000 mark, which will
result into an extension of this corrective move towards 23884 -
23611 levels.
Key Levels
Support 1 - 24000
Resistance 1 - 24227
Support 2 - 23930
Resistance 2 - 24360
www.angelbroking.com
Technical & Derivatives Report
October 05, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 5.83%
BankNifty futures open interest has decreased by 0.47%
as market closed at 9914.90 levels.
The Nifty October future closed with a premium of 15.55
points against a premium of 8.95 points in last trading
session. The November series closed at a premium of
40.30 points.
The Implied Volatility of at the money options has
decreased from 11.04 to 10.26. At the same time, the
PCR-OI of Nifty is has increased from 1.24 to 1.29 level.
Few of the liquid counters where we have seen high cost
of carry are ASHOKLEY, JPASSOCIAT, NHPC and
TATAGLOBAL
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 632 crores. While, in index futures they were net
CHG. (%)
CHG. (%)
buyers of Rs.812 crores with rise in open interest,
TORNTPHARM
284800
25.35
1258.70
0.57
suggesting fresh long formation in yesterday's trading
BATAINDIA
2275900
23.67
733.55
5.28
session.
PAGEIND
27700
19.65
18698.35
1.47
In index options front, they were net sellers of 188 crores
APOLLOTYRE
13209000
17.57
239.95
-1.84
with rise in open interest. In call option, we witnessed
MOTHERSUMI
11857500
14.28
336.40
-1.13
some fresh build-up in 10050 and 10100 call options,
DISHTV
20440000
11.62
71.15
-3.92
followed by minor unwinding in 10000 call option. On
INFRATEL
8714200
9.62
418.50
2.16
the flip side, 9600- 9900 puts were very active, amongst
JPASSOCIAT
204612000
9.26
19.05
4.10
which 9800 and 9900 strikes added huge positions.
Thus, shifting maximum concentration of open interest
OI Losers
higher to 9800 from 9700 put option. At the same time,
OI
PRICE
SCRIP
OI
PRICE
highest open interest in call option remains intact in
CHG. (%)
CHG. (%)
10000 strike.
BHARATFORG
7375200
-4.31
630.85
2.14
In past 2-3 days, FIIs formed long positions in index
INDIACEM
24255000
-4.28
182.15
-0.55
futures but the quantum remained insignificant. While,
HEROMOTOCO
1764800
-3.99
3800.75
-0.34
shorts formed in last series are still in system. At present,
JINDALSTEL
33552000
-3.69
145.50
0.80
Nifty is hovering around its strong resistance zones of
POWERGRID
15760000
-3.12
209.30
1.14
9900-9950. Taking into consideration the overall F&O
RECLTD
41886000
-2.83
155.00
1.27
activity, we would suggest traders to exit from their
ICICIPRULI
5158400
-2.75
412.95
-0.37
existing longs if any and buy 9900 put option.
TORNTPOWER
6582000
-2.53
213.15
0.45
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BATAINDIA
39.33
NIFTY
1.29
0.98
SOUTHBANK
55.14
BANKNIFTY
0.89
0.79
DISHTV
42.56
INFY
0.66
0.34
PVR
40.25
RELIANCE
0.52
0.42
KOTAKBANK
24.41
SBIN
0.41
0.31
www.angelbroking.com
Technical & Derivatives Report
October 05, 2017
FII Statistics for October 04, 2017
Turnover on October 04, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2011.65
1209.85
801.80
253323
19602.42
5.30
206075
17079.37
34.83
FUTURES
FUTURES
INDEX
INDEX
39148.16
39336.00
(187.84)
952809
73382.31
1.82
5395165
484370.02
79.56
OPTIONS
OPTIONS
STOCK
6520.56
5350.89
1169.67
841064
58454.11
2.18
STOCK
FUTURES
498516
36879.91
-2.58
FUTURES
STOCK
STOCK
3728.57
3679.57
49.00
40762
3042.14
16.62
286986
21924.89
-2.91
OPTIONS
OPTIONS
Total
51408.94
49576.31
1832.63
2087958
154480.98
2.63
TOTAL
6386742
560254.20
63.41
Nifty Spot = 9914.90
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9900
115.35
Buy
9900
92.05
52.80
47.20
9952.80
30.15
69.85
9869.85
Sell
10000
62.55
Sell
9800
61.90
Buy
9900
115.35
Buy
9900
92.05
85.65
114.35
9985.65
51.55
148.45
9848.45
Sell
10100
29.70
Sell
9700
40.50
Buy
10000
62.55
Buy
9800
61.90
32.85
67.15
10032.85
21.40
78.60
9778.60
Sell
10100
29.70
Sell
9700
40.50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
Technical & Derivatives Report
October 05, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
375
381
385
392
396
AMBUJACEM
264
267
269
272
274
ASIANPAINT
1,137
1,145
1,156
1,165
1,176
AUROPHARMA
697
711
720
734
744
AXISBANK
501
503
507
510
514
BAJAJ-AUTO
3,091
3,132
3,171
3,212
3,250
BAJFINANCE
1,837
1,850
1,865
1,878
1,893
BPCL
468
477
485
494
502
BHARTIARTL
369
373
380
384
390
INFRATEL
403
410
415
421
426
BOSCHLTD
20,238
20,472
20,637
20,871
21,035
CIPLA
574
578
583
586
591
COALINDIA
267
269
270
272
273
DRREDDY
2,290
2,339
2,369
2,417
2,447
EICHERMOT
30,515
30,700
30,990
31,175
31,466
GAIL
431
433
437
439
443
HCLTECH
874
880
884
891
895
HDFCBANK
1,782
1,790
1,801
1,808
1,819
HDFC
1,738
1,753
1,765
1,781
1,793
HEROMOTOCO
3,718
3,756
3,813
3,852
3,909
HINDALCO
239
240
242
243
244
HINDPETRO
431
437
444
451
458
HINDUNILVR
1,168
1,183
1,194
1,208
1,219
IBULHSGFIN
1,211
1,234
1,247
1,271
1,284
ICICIBANK
273
274
277
279
281
IOC
400
404
412
416
424
INDUSINDBK
1,667
1,682
1,698
1,713
1,729
INFY
892
896
901
904
909
ITC
261
264
266
270
272
KOTAKBANK
996
1,013
1,025
1,042
1,054
LT
1,128
1,133
1,139
1,144
1,149
LUPIN
1,009
1,018
1,028
1,037
1,047
M&M
1,243
1,266
1,279
1,302
1,314
MARUTI
7,767
7,807
7,871
7,911
7,974
NTPC
166
167
168
169
170
ONGC
169
171
172
173
174
POWERGRID
203
206
208
211
214
RELIANCE
784
801
813
831
842
SBIN
250
251
253
255
256
SUNPHARMA
494
506
514
526
534
TCS
2,411
2,427
2,440
2,456
2,469
TATAMOTORS
407
416
421
429
434
TATASTEEL
651
655
659
663
667
TECHM
460
463
466
468
471
ULTRACEMCO
3,819
3,846
3,886
3,913
3,954
UPL
774
781
792
800
811
VEDANTA
314
317
319
321
324
WIPRO
279
281
284
285
288
YESBANK
348
352
355
359
361
ZEEL
517
519
521
523
525
www.angelbroking.com
Technical & Derivatives Report
October 05, 2017
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager and Investment Adviser with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking
Private Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide
registration number INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory
authority for accessing /dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or
co-managed public offering of securities of the c*ompany covered by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
www.angelbroking.com