Technical & Derivatives Report
November 06, 2018
Exhibit 1: Nifty Daily Chart
Sensex (34951) / Nifty (10524)
Markets opened on a sluggish note owing to nervous cues from
the Asian bourses. Index remained in a bit of pressure for the
major part of the day. However, late recovery post the SBI
earning resulted into trimming of some portion of losses and in
the process, Nifty eventually managed to defend the 10500 mark
on a closing basis.
Yesterday’s corrective move can be interpreted as a breather or
pull back towards the important support zone of 10480 - 10440.
As anticipated, we saw some buying interest around those crucial
intraday junctions. Going ahead, we still believe this relief rally to
extend towards 10700 - 10800 in days to come. However having
said if these levels are met, traders are advised to start booking
profits and wait for further developments to happen. Till then we
advise traders to remain positive and keep following strict stop
losses. At this juncture, a prudent strategy would be stick to a
stock centric approach and focus on such potential candidates
who are poised for an extended bounce back.
Key Levels
Support 1 - 10480
Resistance 1 -
10620
Support 2 - 10440
Resistance 2 -
10700
Nifty Bank Outlook - (25732)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index started trading for the week on a flat note.
On the back of negative global cues, we did see a minor decline
post opening. However, the index recovered during the latter half
of the day as the index heavyweight SBI gained over 3 % post
announcement of its quarterly results. The Nifty Bank ultimately
ended the day marginally positive.
In our yesterday's article, we had mentioned that the Nifty Bank
has retraced about 38.2% of last couple of months decline.
However, the momentum within some of the index heavyweights
is indicating further up move which restricted the decline
yesterday. We continue with our advice to trade with a positive
bias from a near-term perspective and use declines as buying
opportunities. The near-term support is placed in the range of
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 06, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.58%.
Bank Nifty futures open interest has increased by 0.73%
as market closed at 10524 levels.
The Nifty November future closed with a premium of
26.95 points against a premium of 24.05 points in last
trading session. The December series closed at a
premium of 75.10 points.
The INDIA VIX has increased from 18.23 to 19.48.
At the same time, the PCR-OI of Nifty has decreased
from 1.63 to 1.58.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, JPASSOCIAT, INDIANB, RCOM
and CGPOWER.
Views
OI Gainers
FIIs activity in cash market segment remained subdued.
OI
PRICE
SCRIP
OI
PRICE
In index futures segment, they were net sellers worth
CHG. (%)
CHG. (%)
Rs. 481 crores in index futures with rise in open interest,
DHFL
19792500
17.00
220.35
-4.75
indicating fresh short formation took place in yesterday’s
TORNTPOWER
2826000
15.58
265.20
3.36
trading session.
SUNTV
7927000
14.77
618.00
-7.14
In options front, they bought of Rs. 2190 with rise in
PAGEIND
122075
13.16
29811.90
0.38
open interest. As far as Nifty options activities are
BALKRISIND
1748800
12.74
1068.85
-4.47
considered, we saw good amount of build-up in 11000
VOLTAS
6920000
10.77
540.20
-0.01
call options and some build-up was also seen in 10500
PETRONET
11682000
9.35
218.30
-2.35
and 10600 strikes. On the flip side, we saw some build-
JUSTDIAL
3130400
8.97
501.20
2.43
up in 10500 put option. Maximum open interest for
November series now stood at 11000 followed by 10800
call and 10000 followed by 10200 put options.
OI Losers
We started-off the session on a flat note and traded with
OI
PRICE
SCRIP
OI
PRICE
a negative bias to conclude the session with a cut of
CHG. (%)
CHG. (%)
RAMCOCEM
668000
-13.92
634.75
4.91
29 points. The overall activities in F&O space remained
BATAINDIA
1575750
-10.19
1000.55
-1.12
muted as far as open interest are concerned. At present,
BEML
1607000
-7.14
708.25
2.91
around 10400-10450 is an immediate support; whereas
SRF
642500
-6.95
1990.90
1.96
any move above 10600 mark may bring index towards
10750-10800 levels. Thus, traders are advised using
HINDZINC
6646400
-5.76
262.90
-0.47
sips to create fresh longs.
AXISBANK
37867200
-5.01
624.40
1.90
CHENNPETRO
1125000
-4.82
269.45
-1.74
SIEMENS
1051500
-4.58
975.45
1.50
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CIPLA
53.02
NIFTY
1.58
0.87
SUNTV
60.77
BANKNIFTY
1.31
0.90
NTPC
24.48
RELIANCE
0.55
0.45
RAMCOCEM
44.30
ICICIBANK
0.83
0.90
NBCC
65.33
INFY
1.01
0.48
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Technical & Derivatives Report
November 06, 2018
FII Statistics for November 05, 2018
Turnover on November 05, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2333.08
2814.28
(481.20)
391358
29531.28
2.29
264848
16845.61
-37.85
FUTURES
FUTURES
INDEX
INDEX
82984.77
80794.73
2190.04
893427
65505.50
3.65
10869508
591448.94
5.27
OPTIONS
OPTIONS
STOCK
13327.97
13859.82
(531.85)
1380379
81631.61
(0.42)
STOCK
FUTURES
861282
48385.66
-27.36
FUTURES
STOCK
STOCK
6385.43
6328.66
56.77
130158
7771.08
4.94
585502
34426.63
-24.17
OPTIONS
OPTIONS
Total
105031.25
103797.49
1233.76
2795322
184439.47
1.47
TOTAL
12581140
691106.84
-1.41
Nifty Spot = 10524
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10600
154.45
Buy
10600
204.00
47.50
52.50
10647.50
43.35
56.65
10556.65
Sell
10700
106.95
Sell
10500
160.65
Buy
10600
154.45
Buy
10600
204.00
82.35
117.65
10682.35
77.10
122.90
10522.90
Sell
10800
72.10
Sell
10400
126.90
Buy
10700
106.95
Buy
10500
160.65
34.85
65.15
10734.85
33.75
66.25
10466.25
Sell
10800
72.10
Sell
10400
126.90
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 06, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
322
326
330
334
338
ASIANPAINT
1,218
1,231
1,246
1,259
1,274
AXISBANK
609
617
625
633
641
BAJAJ-AUTO
2,596
2,634
2,661
2,699
2,726
BAJFINANCE
2,291
2,325
2,367
2,401
2,443
BAJAJFINSV
5,423
5,496
5,575
5,648
5,727
BPCL
282
287
295
300
307
BHARTIARTL
295
299
302
306
310
INFRATEL
255
259
261
265
267
CIPLA
519
541
579
601
640
COALINDIA
260
262
264
266
267
DRREDDY
2,360
2,391
2,421
2,452
2,482
EICHERMOT
22,173
22,363
22,564
22,753
22,955
GAIL
358
365
371
378
384
GRASIM
834
843
850
860
867
HCLTECH
996
1,008
1,016
1,029
1,037
HDFCBANK
1,930
1,943
1,951
1,964
1,973
HDFC
1,746
1,769
1,797
1,820
1,848
HEROMOTOCO
2,769
2,808
2,855
2,894
2,940
HINDALCO
235
239
242
246
249
HINDPETRO
223
228
235
240
247
HINDUNILVR
1,595
1,618
1,632
1,655
1,669
IBULHSGFIN
765
799
835
870
906
ICICIBANK
346
348
350
352
354
IOC
135
138
142
145
149
INDUSINDBK
1,446
1,466
1,501
1,521
1,555
INFY
652
659
664
671
675
ITC
274
277
281
284
288
JSW STEEL
340
347
353
360
367
KOTAKBANK
1,107
1,118
1,127
1,138
1,146
LT
1,331
1,341
1,353
1,362
1,374
M&M
762
769
777
783
791
MARUTI
6,969
7,073
7,164
7,268
7,359
NTPC
148
151
154
157
160
ONGC
147
151
158
162
169
POWERGRID
182
184
187
189
191
RELIANCE
1,055
1,073
1,083
1,100
1,110
SBIN
276
286
293
302
309
SUNPHARMA
554
563
573
582
593
TCS
1,858
1,875
1,901
1,917
1,944
TATAMOTORS
185
187
189
192
194
TATASTEEL
560
569
576
585
592
TECHM
680
688
698
707
717
TITAN
848
856
864
872
880
ULTRACEMCO
3,605
3,690
3,743
3,827
3,880
UPL
688
706
717
736
747
VEDANTA
217
220
224
227
231
WIPRO
310
317
321
328
333
YESBANK
203
207
210
213
216
ZEEL
424
431
439
447
455
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Technical & Derivatives Report
November 06, 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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