Technical & Derivatives Report
October 06, 2017
Exhibit 1: Nifty Daily Chart
Sensex (31592) / Nifty (9889)
Yesterday, we saw our markets opening on a flat note and
then make an attempt towards the 9950 mark. However, as
expected, our markets faced strong selling pressure at higher
levels and eventually, ended the session with tad below the
9900 mark.
Our cautious stance remains intact and one should stay with
the sell on rise approach as long as Nifty manages to stay
below 9950 on a closing basis. For the coming session, 9850
would be seen as important support zone. A move below this
level would enforce further weakness in the market to slide
towards 9800 - 9750 levels. Traders are advised to stay light
and avoid taking undue risks.
Key Levels
Support 1 - 9850
Resistance 1 - 9920
Support 2 - 9800
Resistance 2 - 9950
Nifty Bank Outlook - (24058)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index oscillated in a narrow range yesterday
and ended the session with a marginal loss of 0.23 percent
over its previous session’s close.
Since last four trading sessions, the Nifty Bank index has been
consolidating near the 38.2% retracement resistance of the
recent corrective move. Hence, from a short term perspective,
the index has resistance in the zone of 24230-24250 which is
the higher end of the recent consolidation and the '89EMA' on
the hourly chart. Citing the recent underperformance in the
index, we advise traders to remain cautious at current
juncture. 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 - 24230
Support 2 - 23884
Resistance 2 - 24250
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Technical & Derivatives Report
October 06, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.46%
BankNifty futures open interest has decreased by 1.97%
as market closed at 9888.70 levels.
The Nifty October future closed with a premium of 20
points against a premium of 15.55 points in last trading
session. The November series closed at a premium of
50.40 points.
The Implied Volatility of at the money options has
increased from 10.26 to 10.42. At the same time, the
PCR-OI of Nifty is has decreased from 1.29 to 1.26 level.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, UBL, NHPC, SOUTHBANK and
GSFC.
Views
OI Gainers
FIIs were net sellers in both cash market segment and
OI
PRICE
SCRIP
OI
PRICE
index futures. They sold equities to the tune of Rs. 657
CHG. (%)
CHG. (%)
crores. While, in index futures they were net sellers of
JUBLFOOD
2265500
26.14
1489.30
5.32
Rs.490 crores with fall in open interest, suggesting long
POWERGRID
18192000
15.43
206.00
-1.58
unwinding took place in yesterday's trading session.
NIITTECH
817500
11.91
564.00
2.56
In index options front, they were net buyers of Rs.1505
ENGINERSIN
12201000
9.93
147.75
-2.22
crores with marginal change in open interest. In call
ICIL
11963000
9.31
108.30
8.68
option, 9900-10200 strikes added some fresh positions.
JUSTDIAL
4383600
8.66
395.05
6.91
On the flip side, except for some build-up in 9800 put
HEXAWARE
2136000
8.37
266.20
-0.63
options, we hardly saw any relevant open interest
TORNTPHARM
307200
7.87
1255.90
-0.22
additions. However, we continue seeing unwinding in
9700 put options. Maximum concentration of open
OI Losers
interest is now placed at 10000 call and 9800 put
OI
PRICE
SCRIP
OI
PRICE
options.
CHG. (%)
CHG. (%)
Post long formation seen in last
2-3 days, some
BERGEPAINT
1678600
-10.34
256.40
0.65
unwinding was witnessed by stronger hands (FIIs) in
APOLLOHOSP
1382000
-9.11
1081.30
2.81
yesterday’s session. While, shorts formed in last series
BATAINDIA
2120800
-6.81
727.40
-0.84
are still in system. At present, Nifty is hovering around its
PVR
725200
-5.67
1298.65
2.15
strong resistance zones of
9900-9950. Taking into
JPASSOCIAT
195500000
-4.45
19.15
0.52
consideration the overall F&O activity, we would suggest
CANBK
12166380
-3.71
311.55
0.91
traders to exit from their existing longs if any and buy
REPCOHOME
856800
-3.24
643.55
-0.63
9900 put option.
DIVISLAB
5863200
-3.08
866.25
-1.10
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JUSTDIAL
54.79
NIFTY
1.26
0.92
ARVIND
39.02
BANKNIFTY
0.73
0.83
TECHM
27.50
RELIANCE
0.46
0.48
TATACHEM
36.07
SBIN
0.40
0.35
ICIL
79.96
INFY
0.64
0.40
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Technical & Derivatives Report
October 06, 2017
FII Statistics for October 05, 2017
Turnover on October 05, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1244.72
1734.97
(490.25)
250730
19187.48
(1.02)
145664
12061.10
-29.38
FUTURES
FUTURES
INDEX
INDEX
32547.69
31043.14
1504.55
950824
72636.27
(0.21)
8468589
789983.57
63.10
OPTIONS
OPTIONS
STOCK
5413.80
5284.92
128.87
844884
58746.88
0.45
STOCK
FUTURES
510248
37033.55
0.42
FUTURES
STOCK
STOCK
3729.61
3580.80
148.81
51270
3806.41
25.78
296285
22438.91
2.34
OPTIONS
OPTIONS
Total
42935.82
41643.84
1291.98
2097708
154377.04
0.47
TOTAL
9420786
861517.14
53.77
Nifty Spot = 9888.70
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9900
103.20
Buy
9900
97.80
48.75
51.25
9948.75
33.90
66.10
9866.10
Sell
10000
54.45
Sell
9800
63.90
Buy
9900
103.20
Buy
9900
97.80
78.30
121.70
9978.30
56.90
143.10
9843.10
Sell
10100
24.90
Sell
9700
40.90
Buy
10000
54.45
Buy
9800
63.90
29.55
70.45
10029.55
23.00
77.00
9777.00
Sell
10100
24.90
Sell
9700
40.90
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
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Technical & Derivatives Report
October 06, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
381
384
386
389
391
AMBUJACEM
268
271
273
276
278
ASIANPAINT
1,140
1,147
1,154
1,161
1,168
AUROPHARMA
715
729
741
755
768
AXISBANK
492
496
502
507
513
BAJAJ-AUTO
3,079
3,105
3,147
3,173
3,216
BAJFINANCE
1,839
1,853
1,869
1,883
1,899
BPCL
470
475
480
485
490
BHARTIARTL
370
374
377
381
385
INFRATEL
396
401
407
411
417
BOSCHLTD
20,525
20,654
20,787
20,916
21,049
CIPLA
574
580
585
591
596
COALINDIA
267
270
272
275
277
DRREDDY
2,345
2,367
2,398
2,420
2,450
EICHERMOT
30,413
30,601
30,900
31,088
31,388
GAIL
424
427
433
437
443
HCLTECH
877
885
893
902
910
HDFCBANK
1,787
1,793
1,799
1,805
1,811
HDFC
1,731
1,741
1,759
1,769
1,787
HEROMOTOCO
3,720
3,738
3,767
3,785
3,814
HINDALCO
238
239
241
243
244
HINDPETRO
425
430
438
443
451
HINDUNILVR
1,170
1,179
1,192
1,200
1,213
IBULHSGFIN
1,240
1,251
1,263
1,274
1,286
ICICIBANK
267
269
273
276
280
IOC
398
402
406
410
414
INDUSINDBK
1,670
1,679
1,693
1,702
1,716
INFY
896
900
902
906
908
ITC
261
263
266
268
271
KOTAKBANK
1,013
1,023
1,030
1,040
1,047
LT
1,118
1,125
1,135
1,142
1,153
LUPIN
1,015
1,022
1,030
1,037
1,046
M&M
1,280
1,291
1,303
1,314
1,326
MARUTI
7,753
7,792
7,846
7,886
7,940
NTPC
166
169
170
173
174
ONGC
170
170
172
172
173
POWERGRID
201
203
206
208
211
RELIANCE
814
819
824
829
834
SBIN
247
249
252
254
257
SUNPHARMA
504
509
517
522
530
TCS
2,413
2,422
2,432
2,441
2,452
TATAMOTORS
417
420
423
426
429
TATASTEEL
653
657
661
665
669
TECHM
439
445
455
461
471
ULTRACEMCO
3,820
3,857
3,891
3,928
3,962
UPL
774
779
786
792
799
VEDANTA
315
317
319
321
323
WIPRO
280
282
284
285
287
YESBANK
351
355
361
366
372
ZEEL
517
519
522
524
527
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Technical & Derivatives Report
October 06, 2017
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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