Technical & Derivatives Report
November 06, 2017
Sensex (33686) / Nifty (10453)
Exhibit 1: Nifty Daily Chart
On Friday, our markets opened higher as indicated by pre-
opening session. Subsequently, Index traded in a narrow
range for the most part of the day and ended tad above
10450 level.
With reference to the previous article, we expected the index to
march towards the
161% (Golden Ratio) reciprocal
retracement level (10482) of the recent down move. Yes, there
is no sign of weakness on charts; but, considering the
importance of this Fibonacci ratio, we advise some profit
booking around it. Although the recent underperformance
from the banking index came to end during the week after
Bank Nifty soared to record highs on Wednesday, we would
expect some consolidation in our benchmark indices now. For
this week, 10482 - 10500 levels would be closely watched in
the upward direction; whereas, the immediate support lies in
the range of 10383 - 10311. At this juncture, traders are
advised not to take aggressive positions and should rather
keep focusing on individual stocks with a proper exit strategy.
Key Levels
Support 1 - 10383
Resistance 1 - 10482
Support 2 - 10311
Resistance 2 - 10500
Nifty Bank Outlook - (25651)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued with its positive momentum
much on the expected lines and ended the week with gains of
3.27 percent.
Post the breakout above the resistance of 25200 during last
week, the stocks within the banking sector has shown a
positive momentum as the Nifty Bank index was one of the
outperforming indices during the week. The Nifty PSU Bank
index too added further gains of 4% during the week. Post the
mentioned breakout, we have been mentioning our positive
stance on the index and so far, the index has moved much on
the expected lines. As of now, there are no signs of reversal
and hence, we may see a continuation of the positive
momentum in near term. Traders are advised to continue the
positive bias unless any reversal seen. The intraday supports
for the Nifty Bank index are placed around 25390 and 25170
whereas resistances are seen around 25720 and 25840.
Key Levels
Support 1 - 25390
Resistance 1 - 25720
Support 2 - 25170
Resistance 2 - 25840
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Technical & Derivatives Report
November 06, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.38%
BankNifty futures open interest has increased by 6.75%
as market closed at 10452.50 levels.
The Nifty November future closed with a premium of
34.30 points against a premium of 31.20 points in last
trading session. The December series closed at a
premium of 73.20 points.
The INDIA VIX has decreased from 12.00 to 11.91. At
the same time, the PCR-OI of Nifty has increased from
1.52 to 1.55 level.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, MINDTREE, SOUTHBANK,
SUZLON and RCOM.
Views
OI Gainers
FIIs were net sellers in cash market segment and index
OI
PRICE
SCRIP
OI
PRICE
futures. They sold equities to the tune of Rs. 9691 crores.
CHG. (%)
CHG. (%)
TORNTPHARM
950400
66.50
1325.00
-0.72
While, in index futures they sold worth Rs. 418 crores
ARVIND
7032000
27.95
443.60
8.49
with rise in open interest, indicating decent amount of
UBL
2371600
24.38
1131.10
4.05
short formation on Friday’s trading session.
UJJIVAN
8322000
19.94
375.95
8.75
In index options front, apart from for some build-up in
10800 strike we hardly saw any relevant activity in call
PAGEIND
22950
13.90
20605.00
1.25
options. On the flip side, 10000 and 10400 puts were
NESTLEIND
104700
11.50
7467.00
2.00
most active and they also added decent amount of
TATAPOWER
40383000
11.42
85.00
-0.53
positions. Now, maximum concentration of open interest
ENGINERSIN
16660000
11.27
191.95
4.26
is now placed at 10500 call and 10000 put options.
In the week gone by, Nifty rallied 1.25% with good
OI Losers
amount of fresh long addition. At the same time, long
OI
PRICE
SCRIP
OI
PRICE
positions formed in October series are also intact in the
CHG. (%)
CHG. (%)
BERGEPAINT
1588400
-10.53
261.80
-2.60
system. However, we witnessed FIIs shorting index futures
last week and they also bought index put options. Now,
HEXAWARE
3279000
-10.34
316.20
-1.16
their index futures ‘Long Short Ratio’ has plunged to 63%
JUSTDIAL
4444800
-7.58
477.75
0.31
from 70%. Considering above data, we would advise
BIOCON
9646200
-7.41
406.80
7.31
traders to lightener their positions in index and focus on
DIVISLAB
4190400
-5.94
1056.10
-1.85
individual stocks to fetch higher returns.
DALMIABHA
525600
-5.45
3069.55
-0.33
NIITTECH
745500
-4.42
652.85
0.68
INDIGO
2000400
-4.09
1257.80
0.51
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ARVIND
49.11
NIFTY
1.55
1.07
UJJIVAN
54.04
BANKNIFTY
1.36
0.88
BIOCON
55.40
YESBANK
0.40
0.38
CENTURYTEX
30.11
SBIN
0.90
0.59
ONGC
33.37
INFY
0.42
0.45
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Technical & Derivatives Report
November 06, 2017
FII Statistics for November 03, 2017
Turnover on November 03, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1251.54
2011.26
(759.72)
305160
24498.80
12.34
136232
12108.25
-0.24
FUTURES
FUTURES
INDEX
INDEX
60810.87
57236.73
3574.13
955732
76804.92
9.29
2924604
273343.95
-71.73
OPTIONS
OPTIONS
STOCK
6652.17
6984.80
(332.64)
947684
66736.69
4.25
STOCK
FUTURES
791777
58829.70
10.61
FUTURES
STOCK
STOCK
6266.82
6203.75
63.07
91289
6483.38
35.08
495898
38693.07
18.01
OPTIONS
OPTIONS
Total
74981.39
72436.54
2544.85
2299865
174523.80
8.34
TOTAL
4348511
382974.97
-64.04
Nifty Spot = 10452.50
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10500
103.20
Buy
10400
84.05
45.70
54.30
10545.70
25.25
74.75
10374.75
Sell
10600
57.50
Sell
10300
58.80
Buy
10500
103.20
Buy
10400
84.05
74.85
125.15
10574.85
41.45
158.55
10358.55
Sell
10700
28.35
Sell
10200
42.60
Buy
10600
57.50
Buy
10300
58.80
29.15
70.85
10629.15
16.20
83.80
10283.80
Sell
10700
28.35
Sell
10200
42.60
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 06, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
428
431
436
440
444
AMBUJACEM
278
281
282
284
286
ASIANPAINT
1,158
1,165
1,174
1,181
1,190
AUROPHARMA
765
776
788
800
812
AXISBANK
528
534
540
546
552
BAJAJ-AUTO
3,184
3,201
3,227
3,244
3,270
BAJFINANCE
1,794
1,815
1,830
1,852
1,867
BPCL
524
528
536
541
548
BHARTIARTL
520
531
548
558
575
INFRATEL
406
410
416
419
425
BOSCHLTD
20,805
20,926
21,063
21,184
21,321
CIPLA
621
630
639
649
658
COALINDIA
281
284
288
291
295
DRREDDY
2,364
2,391
2,421
2,448
2,477
EICHERMOT
30,409
30,822
31,136
31,549
31,863
GAIL
454
459
467
472
479
HCLTECH
836
841
851
856
866
HDFCBANK
1,812
1,822
1,831
1,840
1,849
HDFC
1,746
1,761
1,775
1,791
1,805
HEROMOTOCO
3,635
3,662
3,702
3,730
3,770
HINDALCO
259
264
271
276
283
HINDPETRO
437
441
445
449
452
HINDUNILVR
1,226
1,233
1,239
1,246
1,252
IBULHSGFIN
1,202
1,211
1,224
1,233
1,246
ICICIBANK
312
314
316
318
321
IOC
408
410
414
417
420
INDUSINDBK
1,608
1,641
1,660
1,694
1,713
INFY
912
919
925
932
937
ITC
263
264
266
267
269
KOTAKBANK
998
1,007
1,017
1,026
1,036
LT
1,195
1,215
1,231
1,251
1,267
LUPIN
1,024
1,036
1,053
1,064
1,081
M&M
1,308
1,320
1,331
1,342
1,354
MARUTI
8,145
8,182
8,212
8,250
8,280
NTPC
177
179
182
184
187
ONGC
184
188
190
194
196
POWERGRID
202
206
213
217
224
RELIANCE
931
938
947
954
963
SBIN
307
316
322
331
337
SUNPHARMA
539
545
556
563
574
TCS
2,586
2,603
2,620
2,637
2,654
TATAMOTORS
427
437
443
454
460
TATASTEEL
699
704
709
713
718
TECHM
453
458
466
471
479
ULTRACEMCO
4,317
4,346
4,383
4,412
4,449
UPL
765
770
778
783
791
VEDANTA
329
333
340
345
351
WIPRO
292
293
295
296
297
YESBANK
319
322
325
329
332
ZEEL
522
531
536
544
549
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Technical & Derivatives Report
November 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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