Technical & Derivatives Report
October 05, 2018
Sensex (35169) / Nifty (10599)
Exhibit 1: Nifty Daily Chart
Yesterday’s gap down opening was very much in-line with what
SGX Nifty was suggesting early in the morning. However, things
worsened as the day progressed and in the course of action, the
Nifty corrected more than 300 points on an intraday basis. There
were couple of attempts made to see some respite but all got sold
into as the selling pressure was quite fierce at higher levels. In
terms of index, yesterday was a terrible day for our benchmarks
as it was the biggest single day loss (on closing basis) in the
recent past.
Most of the participants have been talking about and keeping a
close eye (with some hope) on how index behaves around the
daily ‘200 SMA’ placed in the zone of 10800 - 10770. Market
had no respect for that level as we witnessed a gap down
opening below it and then extension of the fall thereafter. As a
result, now, a gap area has been formed
(10754.70
-
10843.75), which would now be seen as major hurdle. Before
that 10675 is likely to act as an immediate resistance. On the
downside, yesterday’s low coincides with 28th June low, from
where the previous rally started and hence, it requires some
attention. Recently, markets have not given respect to any support
and hence, traders are advised to stay light and should avoid
taking undue risks.
Yesterday, so many heavyweight index constituents corrected
brutally and OMCs who seemed to give some relief move
plunged ferociously in last
20 minutes of trade after the
unfavorable announcement from the Finance Minister.
Key Levels
Support 1 - 10540
Resistance 1 -
10675
Support 2 - 10500
Resistance 2 -
10755
Nifty Bank Outlook - (24819)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index too opened gap down yesterday and
corrected up to 24500 mark during intraday. However, the index
recovered some of its losses during the day and ended the session
with a loss of a percent.
Although the Nifty index was down by more than 2 % yesterday,
the Nifty Bank index shed a percent which indicates a relative
outperformance in yesterday's session. This was mainly led by two
of index heavyweights ICICI Bank and Axis Bank which managed
to clock decent gains. In spite of this relative outperformance, the
trend for the index continues to be negative as the index has
closed below its recent consolidation low. Hence, traders should
continue to avoid taking any aggressive bets and stay light on
positions. The intraday support for the index is placed around
24500 whereas resistances are seen around 25025 and 25200.
Key Levels
Support 1 - 24690
Resistance 1 -
25025
Support 2 - 24500
Resistance 2 - 25200
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Technical & Derivatives Report
October 05, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 10.32%
Bank Nifty futures open interest has decreased by
12.75% as market closed at 10599.25 levels.
The Nifty October future closed with a premium of 32.00
points against a premium of 35.35 points in last trading
session. The November series closed at a premium of
87.05 points.
The INDIA VIX has increased from 18.11 to 18.91.
At the same time, the PCR-OI of Nifty has decreased
from 1.36 to 1.21.
Few of the liquid counters where we have seen high cost
of carry are HINDPETRO, IOC, BPCL, ONGC and
PETRONET.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 2761 crores. At the same time, they sold worth
CHG. (%)
CHG. (%)
Rs. 3157 crores in index futures with rise in open interest,
KSCL
1192500
40.46
519.00
-1.08
indicating massive short formation in previous trading
BPCL
10449000
30.36
331.15
-11.47
session.
INFIBEAM
23688000
25.10
62.90
-21.61
In options front, they bought of Rs. 8509 crores with rise
CONCOR
2605000
14.19
610.60
-5.06
in open interest. As far as Nifty options activities are
MARICO
9526400
11.78
314.05
-4.23
considered, we saw huge build-up in 10600-11300 call
EICHERMOT
307275
11.15
21907.85
-5.73
options and we believe these are short positions. On the
EXIDEIND
5672000
10.95
252.30
-2.98
flip side, 10000-10700 put options added good amount
MFSL
2720400
9.84
359.45
-8.71
of positions. Maximum open interest for October series
now stood at 11000 followed by 11200 call and 10500
followed by 10700 put options.
OI Losers
The benchmarked started-off the session with downward
OI
PRICE
SCRIP
OI
PRICE
gap and remained under pressure throughout the day.
CHG. (%)
CHG. (%)
SRF
655000
-9.28
1749.10
-1.07
Nifty corrected 300 points intraday and concluded the
APOLLOHOSP
1112000
-9.08
1047.20
-2.60
session tad below 10600 mark. We witnessed huge short
NIITTECH
1422000
-7.60
1197.80
-0.77
formation in Nifty futures, as OI surged
10%.
TORNTPHARM
542000
-6.95
1638.55
-0.95
Meanwhile, we saw massive writing in Nifty call strikes
from 10700-11000; whereas, fresh long were added in
AJANTPHARM
632500
-6.78
1005.35
-3.47
index puts. As indicated by the SGX, once again we may
DHFL
13314000
-6.77
297.30
-6.23
start today’s session with a decent cut, traders are
SRTRANSFIN
4572600
-6.04
1094.20
1.33
advised avoiding any kind of bottom fishing and prefer
IBULHSGFIN
14735000
-5.28
950.25
0.66
trading in individual counters.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
IOC
64.42
NIFTY
1.21
0.63
HINDPETRO
80.86
BANKNIFTY
0.68
0.77
BPCL
73.72
RELIANCE
0.43
0.65
RELIANCE
43.68
ICICIBANK
0.65
0.54
OIL
37.01
INFY
0.97
0.67
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Technical & Derivatives Report
October 05, 2018
FII Statistics for October 04, 2018
Turnover on October 04, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
5963.81
9120.71
(3156.90)
256079
20391.52
12.41
444502
38789.08
33.13
FUTURES
FUTURES
INDEX
INDEX
198137.80
189628.47
8509.33
809706
66754.26
4.90
19274688
1874485.32
78.67
OPTIONS
OPTIONS
STOCK
17732.64
18097.67
(365.03)
1244636
83159.08
1.54
STOCK
FUTURES
1045615
67323.66
11.29
FUTURES
STOCK
STOCK
9138.92
9071.78
67.15
79691
5322.57
17.88
622962
45673.47
21.91
OPTIONS
OPTIONS
Total
230973.18
225918.64
5054.54
2390112
175627.43
4.23
TOTAL
21387767
2026271.53
72.27
Nifty Spot = 10599.25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10600
222.70
Buy
10600
194.10
51.95
48.05
10651.95
39.55
60.45
10560.45
Sell
10700
170.75
Sell
10500
154.55
Buy
10600
222.70
Buy
10600
194.10
100.65
99.35
10700.65
70.95
129.05
10529.05
Sell
10800
122.05
Sell
10400
123.15
Buy
10700
170.75
Buy
10500
154.55
48.70
51.30
10748.70
31.40
68.60
10468.60
Sell
10800
122.05
Sell
10400
123.15
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 05, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
305
311
320
326
336
ASIANPAINT
1,201
1,213
1,226
1,238
1,251
AXISBANK
540
563
577
600
614
BAJAJ-AUTO
2,574
2,616
2,668
2,709
2,761
BAJFINANCE
2,076
2,128
2,170
2,221
2,263
BAJAJFINSV
5,424
5,528
5,629
5,733
5,834
BPCL
260
295
340
375
420
BHARTIARTL
295
302
310
318
325
INFRATEL
234
245
253
264
273
CIPLA
619
629
642
651
664
COALINDIA
264
269
273
278
282
DRREDDY
2,275
2,324
2,409
2,458
2,543
EICHERMOT
18,704
20,306
21,603
23,205
24,502
GAIL
343
355
368
380
392
GRASIM
917
938
956
977
995
HCLTECH
1,045
1,061
1,077
1,093
1,109
HDFCBANK
1,898
1,928
1,973
2,003
2,048
HDFC
1,717
1,748
1,773
1,803
1,829
HEROMOTOCO
2,614
2,689
2,788
2,863
2,962
HINDALCO
243
248
254
258
264
HINDPETRO
158
187
221
251
284
HINDUNILVR
1,539
1,556
1,580
1,597
1,620
IBULHSGFIN
874
912
935
974
997
ICICIBANK
284
300
311
327
337
IOC
110
125
142
157
173
INDUSINDBK
1,514
1,552
1,589
1,627
1,665
INFY
686
697
713
724
740
ITC
279
283
289
293
300
JSW STEEL
366
372
379
385
392
KOTAKBANK
1,037
1,056
1,075
1,094
1,113
LT
1,226
1,242
1,267
1,283
1,309
M&M
752
773
787
808
821
MARUTI
6,902
7,051
7,169
7,318
7,436
NTPC
163
165
167
169
171
ONGC
154
163
173
182
192
POWERGRID
182
186
188
192
195
RELIANCE
1,055
1,089
1,140
1,173
1,224
SBIN
263
267
270
274
277
SUNPHARMA
574
586
604
616
633
TCS
1,992
2,029
2,093
2,129
2,193
TATAMOTORS
216
220
225
229
234
TATASTEEL
562
572
580
590
598
TECHM
695
708
725
738
755
TITAN
741
759
778
796
815
ULTRACEMCO
3,711
3,827
3,894
4,011
4,078
UPL
608
618
632
642
656
VEDANTA
229
234
239
244
249
WIPRO
317
321
326
330
335
YESBANK
198
207
213
222
228
ZEEL
429
434
437
443
446
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Technical & Derivatives Report
October 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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