Technical & Derivatives Report
November 05, 2018
Exhibit 1: Nifty Daily Chart
Sensex (35012) / Nifty (10553)
Pre-Diwali week brought back some joy in the traders’ / Investors’
fraternity. Few macro factors like Crude Oil correcting from
higher levels as well domestic currency softening led to this much
awaited hope rally. There were couple of tentative attempts seen
from the markets; but eventually strong buying momentum lifted
index significantly higher from previous week’s low.
During previous week, we saw selling momentum getting
exhausted and hence, some reversal was needed for market to
trigger this short covering move. We got this reversal in the form
of Nifty surpassing last Friday’s high of 10129 and since then
there has been no stopping. Now with Friday’s move, we are well
above daily 20-EMA and hence, we expect continuation of this
relief move towards 10700-10800 in days to come. It’s advisable
to keep booking profits if Nifty reached this mentioned resistance
On Friday, we saw some profit booking happening in the
zone. This is seen as a crucial hurdle because we can see multiple
midcap universe who had a stellar move throughout the week.
technical factors converging around it. Firstly, the downside gap
Hence, one needs to be very agile now while making stock
area created on October 4 which coincides with daily ‘200-SMA’
selection.
as well as ‘89 EMA’. Hence, one should stay light around it and
wait for further developments to happen on charts. On the lower
side, 10480 followed by 10400 are seen as strong support levels
Key Levels
for the forthcoming week.
Support 1 - 10480
Resistance 1 -
10700
Support 2 - 10400
Resistance 2 -
10740
Nifty Bank Outlook - (25702)
Exhibit 2: Nifty Bank Daily Chart
In Friday's session, the Nifty Bank index opened gap up following
positive global cues. The index then continued the positive
momentum throughout the day led by the index heavyweights and
ended with gains of one and a half percent.
After many weeks, traders felt a sigh of relief during last week as
we witnessed positive momentum throughout the week. The index
posted gains of over 5 percent, which was contributed by a broad
participation from the stocks within the sector. The index has
moved much on the expected lines and has achieved our given
target level of 25800. The index has now retraced 38.2 percent of
the entire corrective phase. Although this retracement usually acts
as resistance; the momentum within the heavyweights is
indicating further up moves in near term. Now, whether there
would be any dip from this resistance is a difficult call to make,
but any dip should be used as a buying opportunity from 1-2
weeks perspective. Existing long positions could be held on with a
trailing stop-loss method. The near-term support is placed in the
range 25500-25400 whereas resistances are seen around 25915
and 26060.
Key Levels
Support 1 - 25500
Resistance 1 -
25915
Support 2 - 25400
Resistance 2 - 26060
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Technical & Derivatives Report
November 05, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.75%.
Bank Nifty futures open interest has increased by 12.74%
as market closed at 10553 levels.
The Nifty November future closed with a premium of
24.05 points against a premium of 33.00 points in last
trading session. The December series closed at a
premium of 70.40 points.
The INDIA VIX has decreased from 20.50 to 18.23.
At the same time, the PCR-OI of Nifty has increased from
1.53 to 1.63.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, RCOM, CGPOWER, JPASSOCIAT
and IFCI.
(`000)
Nifty
10,700
Views
OI Gainers
FIIs sold to the tune of Rs. 197 crores in cash market
OI
PRICE
SCRIP
OI
PRICE
segment. At the same time, they were net buyers worth
CHG. (%)
CHG. (%)
Rs. 1381 crores in index futures with rise in open interest,
ARVIND
6340000
17.32
326.85
-5.65
indicating fresh long formation took place on Friday’s
SRF
690500
15.37
1958.80
0.43
trading session.
IGL
4086500
14.13
281.85
0.68
In options front, they bought of Rs. 2232 with rise in
BERGEPAINT
2261600
12.72
304.40
4.03
open interest. As far as Nifty options activities are
EXIDEIND
6442000
12.27
253.55
-0.51
considered, expect for some build-up in 10900 call
CHOLAFIN
601000
10.48
1323.20
-1.45
options; we saw decent unwinding in 10300-11000
CGPOWER
42600000
9.77
37.40
5.31
strikes. On the flip side, we saw huge build-up in 10500
MARICO
7350200
8.52
338.05
6.16
and 10600 put options. Maximum open interest for
November series now stood at 10700 followed by 10800
call and 10000 followed by 10200 put options.
OI Losers
It was indeed one of the fabulous weeks for our market,
OI
PRICE
SCRIP
OI
PRICE
as the benchmark index rallied more than 5% in a week
CHG. (%)
CHG. (%)
INDUSINDBK
5992800
-16.63
1541.80
4.96
after quite some time. The Nifty rallied towards 10600
PCJEWELLER
8211500
-13.52
88.20
26.12
from the strong support zone of 10000 to conclude the
ASHOKLEY
43924000
-12.52
117.70
3.95
week above 10550 mark. In F&O space, we saw fresh
MARUTI
2745450
-9.88
7135.45
6.19
long formation in Nifty and some short covering took
place in banking index. Meanwhile, we also saw decent
DALMIABHA
422100
-9.69
2178.40
2.87
writing in 10500 and 10600 put options on Friday’s
HINDZINC
7052800
-9.38
264.05
0.36
session. Considering the above data points, we expect
SHREECEM
126450
-9.13
14764.30
5.10
continuation of recent upmove towards 10750-10800;
HINDPETRO
18545100
-9.07
240.20
4.71
hence, traders are advised trading with a positive bias in
the near term.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
PCJEWELLER
157.94
NIFTY
1.63
0.96
MARICO
44.46
BANKNIFTY
1.39
0.92
MARUTI
47.79
RELIANCE
0.51
0.46
MOTHERSUMI
66.04
ICICIBANK
0.85
0.84
TORNTPHARM
41.34
INFY
0.98
0.47
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Technical & Derivatives Report
November 05, 2018
FII Statistics for November 02, 2018
Turnover on November 02, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
6299.43
4918.58
1380.85
382608
29017.32
5.07
413784
27103.95
20.88
FUTURES
FUTURES
INDEX
INDEX
81599.98
79367.76
2232.23
861929
63380.55
11.54
9700092
561859.54
-66.95
OPTIONS
OPTIONS
STOCK
19424.97
18979.09
445.88
1386158
82048.14
(1.29)
STOCK
FUTURES
1202746
66607.36
13.12
FUTURES
STOCK
STOCK
8719.11
8447.91
271.20
124033
7412.04
10.10
805168
45397.56
24.44
OPTIONS
OPTIONS
Total
116043.50
111713.34
4330.16
2754728
181858.04
3.80
TOTAL
12121790
700968.41
-61.44
Nifty Spot = 10553
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10600
168.75
Buy
10600
194.15
50.70
49.30
10650.70
39.75
60.25
10560.25
Sell
10700
118.05
Sell
10500
154.40
Buy
10600
168.75
Buy
10600
194.15
89.55
110.45
10689.55
71.25
128.75
10528.75
Sell
10800
79.20
Sell
10400
122.90
Buy
10700
118.05
Buy
10500
154.40
38.85
61.15
10738.85
31.50
68.50
10468.50
Sell
10800
79.20
Sell
10400
122.90
Note: Above mentioned Bullish or Bearish Spreads in Nifty (November Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
November 05, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
310
322
331
343
352
ASIANPAINT
1,210
1,228
1,260
1,279
1,310
AXISBANK
598
605
611
617
624
BAJAJ-AUTO
2,579
2,619
2,659
2,699
2,739
BAJFINANCE
2,298
2,341
2,408
2,450
2,518
BAJAJFINSV
5,286
5,406
5,515
5,634
5,744
BPCL
285
294
301
310
317
BHARTIARTL
284
292
299
306
313
INFRATEL
258
260
262
265
267
CIPLA
596
602
611
616
625
COALINDIA
256
259
262
264
267
DRREDDY
2,362
2,393
2,434
2,465
2,507
EICHERMOT
21,771
22,223
22,652
23,103
23,532
GAIL
360
365
369
374
378
GRASIM
829
838
851
860
872
HCLTECH
975
990
1,010
1,024
1,044
HDFCBANK
1,892
1,921
1,940
1,969
1,988
HDFC
1,738
1,781
1,809
1,852
1,880
HEROMOTOCO
2,790
2,843
2,892
2,945
2,993
HINDALCO
225
233
239
246
252
HINDPETRO
224
232
238
247
253
HINDUNILVR
1,592
1,615
1,632
1,655
1,672
IBULHSGFIN
845
858
869
882
893
ICICIBANK
349
352
355
358
361
IOC
142
145
148
151
154
INDUSINDBK
1,444
1,493
1,524
1,573
1,604
INFY
650
656
666
672
682
ITC
275
279
283
287
290
JSW STEEL
340
346
352
358
364
KOTAKBANK
1,097
1,115
1,131
1,149
1,164
LT
1,326
1,342
1,356
1,372
1,386
M&M
751
767
782
798
812
MARUTI
6,606
6,871
7,015
7,280
7,424
NTPC
155
156
158
160
161
ONGC
154
155
157
159
160
POWERGRID
187
188
190
192
194
RELIANCE
1,055
1,065
1,073
1,083
1,091
SBIN
278
281
287
291
297
SUNPHARMA
562
567
573
578
585
TCS
1,875
1,894
1,924
1,944
1,974
TATAMOTORS
177
184
188
194
199
TATASTEEL
551
562
572
584
594
TECHM
662
676
702
717
742
TITAN
845
858
871
884
897
ULTRACEMCO
3,452
3,592
3,729
3,869
4,006
UPL
691
701
709
719
726
VEDANTA
210
218
223
231
235
WIPRO
308
313
322
328
337
YESBANK
203
206
211
214
219
ZEEL
430
436
445
451
460
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Technical & Derivatives Report
November 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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