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Technical & Derivatives Report
November 06,
2019
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Sensex (
) / Nifty
(1
1917
)
Quiet similar to the last few sessions, our markets started on a
positive note. However, it lacked follow up move and gradually
declined for the most part of the day. In last couple of hours,
Index found demand at lower levels which triggered a bounce to
erase major part of the morning losses. Nifty eventually ended
with a marginal loss of 24 points at 11917.
Post the recent swift up move from the levels of 11450, the
indices now seem to have entered a phase of consolidation. This
consolidation is seen as Nifty has approached the psychological
level of 12000 which coincides with the ‘Budget Day’ high from
where Index had seen a sharp selloff. Having said that, by no
means, we construe this as a sign of caution and we sense it as a
breather within an uptrend. The recent up move from the levels of
11450 was seen with broad-based buying and with Sensex
already marking new high, we sense Nifty is not going to shy
away for a long time. Traders are hence advised not to take
contra bets and use dips as a buying opportunity. As far as
support levels are concerned, immediate support is placed
around 11843-11776 levels.
Key Levels
Support 1 – 11843 Resistance 1 – 12000
Support 2 – 11776 Resistance 2 – 12103
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
30220
)
Bank Nifty Index started on a flat note which was followed by a
gradual decline for the most part of the day. Subsequently, Index
found support at lower levels and after a range bound second
half eventually ended with a loss of 0.37% at 30220.
As highlighted in our previous report, the bank index is
consolidating around the trend line resistance joined by two
major tops. Going ahead, the bias remains positive but the next
momentum move can only be seen once the Bank Index sustains
well above 30400 levels till then traders are advised to have a
stock specific approach with positive bias. On the flip side,
support is placed around 30000-29850 levels.
Key Levels
Support 1 – 30000 Resistance 1 – 30450
Support 2 – 29850 Resistance 2 – 30670
Exhibit 2: Nifty Bank Daily Chart
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Nifty Vs OI
Views
Once again we started-off the session on a cheerful
note but failed to sustain at higher levels. The
benchmark index corrected towards 11850 mark in the
midst but recouped decent amount of intraday losses to
conclude the session tad above 11900 mark.
FIIs were net buyers in the cash market segment to the
tune of Rs. 473 cr. In index futures, they sold worth
Rs. 114 crores with good amount of rise in open
interest, indicating mixed formation were formed in the
previous trading session.
We saw some fresh build-up in both the indices and
considering yesterday’s price action it seem mixed
positions we formed. In the recovery seen in the latter
half, put writers of 11800-11900 continued adding
fresh positions. At present, 11850-11900 is an
immediate support zone; whereas, resistance is placed
around 12000 mark. The overall F&O date remains
optimistic and hence, dips shall be utilized to add-on
fresh longs.
Comments
The Nifty futures open interest has increased by 2.83%
Bank Nifty futures open interest has increased 6.45% as
market closed at 11917.20 levels.
The Nifty October future closed with a premium of 38.80
points against a premium of 38.40 points in last trading
session. The November series closed at a premium of
85.05 points.
The INDIA VIX has increased from 15.73 to 15.91.
At the same time, the PCR-OI of Nifty has decreased
from 1.44 to 1.34.
Few of the liquid counters where we have seen high cost
of carry are IDEA, BAJFINANCE, CONCOR, GRASIM
and BHEL.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
NCC 40803000 9.79 58.10 0.43
BEL 26346000 9.67 112.60 -6.46
KOTAKBANK 8157600 8.69 1553.90 -1.04
BERGEPAINT 7356800 8.33 498.35 2.25
APOLLOTYRE 7848000 8.10 179.85 -2.12
BHARATFORG 6702100 7.38 464.55 0.82
CENTURYTEX 1839600 6.61 394.10 -2.98
MGL 1538400 6.52 959.70 -1.63
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
SRF 866000 -11.66 2957.45 1.29
JINDALSTEL 34812800 -9.12 134.00 -1.93
BATAINDIA 2486000 -5.44 1704.70 -0.87
BAJAJFINSV 1494000 -4.52 8845.70 1.32
TORNTPHARM 327000 -4.25 1791.65 -0.98
AMARAJABAT 1349700 -3.45 657.35 -0.14
GMRINFRA 116910000 -3.42 20.65 -1.19
BOSCHLTD 145260 -3.20 15681.05 -0.76
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.34 0.96
BANKNIFTY 0.96 0.94
RELIANCE 0.80 0.70
ICICIBANK 0.69 0.62
INFY 0.52 0.40
Historical Volatility
SCRIP HV
DABUR 30.11
BEL 44.98
DIVISLAB 25.65
TORNTPOWER 23.31
PNB 48.79
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November 06, 2019
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Note: Above mentioned Bullish or Bearish Spreads in Nifty (November Series) are given as an information and not as a recommendation.
Nifty Spot
=
11917.20
Lot Size = 75
FII Statistics for
November
0
6
, 2019
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
2212.04 2325.67 (113.63) 169464 14475.32 3.47
INDEX
OPTIONS
186463.55 186855.17 (391.62) 665676 55115.61 4.66
STOCK
FUTURES
12666.81 12689.54 (22.73) 1505056 89199.70 (0.10)
STOCK
OPTIONS
4510.76 4492.48 18.28
61353 3597.36 8.55
Total 205853.16
206362.86
(509.70) 2401549
162387.99
1.64
Turnover on
November
0
6
, 2019
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
275491 19664.19 -4.42
INDEX
OPTIONS
11605027 815312.60 16.94
STOCK
FUTURES
866938 48297.77 -6.75
STOCK
OPTIONS
718263 43299.15 -8.83
TOTAL 1,34,65,719
926573.71 13.40
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 11900 203.10
55.40 44.60 11955.40
Sell 12000 147.70
Buy 11900 203.10
101.30 98.70 12001.30
Sell 12100 101.80
Buy 12000 147.70
45.90 54.10 12045.90
Sell 12100 101.80
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 11900 148.45
33.60 66.40 11866.40
Sell 11800 114.85
Buy 11900 148.45
62.10 137.90 11837.90
Sell 11700 86.35
Buy 11800 114.85
28.50 71.50 11771.50
Sell 11700 86.35
Nifty Put-Call Analysis
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Da
ily
Pivot
Levels for Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 383 387
390 393 396
ASIANPAINT 1,756 1,775
1,786 1,805 1,817
AXISBANK 723 731
738 746 753
BAJAJ-AUTO 3,167 3,206
3,231 3,271 3,296
BAJFINANCE 4,086 4,157
4,206 4,277 4,326
BAJAJFINSV 8,564 8,705
8,796 8,937 9,029
BPCL 509 513
518 522 527
BHARTIARTL 370 377
381 388 392
INFRATEL 208 215
220 227 231
BRITANNIA 3,160 3,196
3,238 3,274 3,316
CIPLA 459 464
470 474 480
COALINDIA 205 208
213 216 221
DRREDDY 2,762 2,789
2,819 2,846 2,877
EICHERMOT 20,772 21,029
21,488 21,746 22,205
GAIL 134 136
137 139 140
GRASIM 739 754
774 789 810
HCLTECH 1,137 1,148
1,154 1,165 1,171
HDFCBANK 1,222 1,231
1,238 1,247 1,254
HDFC 2,140 2,161
2,185 2,206 2,230
HEROMOTOCO 2,620 2,642
2,661 2,683 2,702
HINDALCO 194 196
200 202 205
HINDUNILVR 2,131 2,152
2,164 2,184 2,196
ICICIBANK 463 466
470 473 477
IOC 134 136
138 139 141
INDUSINDBK 1,287 1,303
1,332 1,349 1,377
INFY 682 689
699 706 716
ITC 256 260
262 265 267
JSW STEEL 238 242
248 252 258
KOTAKBANK 1,539 1,546
1,558 1,566 1,577
LT 1,416 1,428
1,444 1,456 1,471
M&M 569 575
583 588 596
MARUTI 7,202 7,295
7,419 7,512 7,636
NESTLEIND 14,434 14,542
14,714 14,822 14,993
NTPC 119 120
121 122 123
ONGC 143 145
147 148 150
POWERGRID 193 194
195 197 198
RELIANCE 1,424 1,436
1,452 1,464 1,480
SBIN 309 314
318 323 327
SUNPHARMA 416 423
431 438 447
TCS 2,152 2,177
2,194 2,219 2,236
TATAMOTORS 167 169
173 175 178
TATASTEEL 392 398
408 414 424
TECHM 760 767
771 778 782
TITAN 1,260 1,272
1,289 1,301 1,318
ULTRACEMCO 4,062 4,105
4,177 4,220 4,293
UPL 577 591
604 619 632
VEDANTA 154 156
158 160 163
WIPRO 253 256
258 260 262
YESBANK 64 66
69 71 74
ZEEL 271 279
289 297 307
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November 06, 2019
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*
Research Team Tel: 022
-
39357800
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For Technical Queries E-mail: technicalresearch-cso@angelbroking.com
For Derivatives Queries E-mail: derivatives.[email protected]angelbroking.com
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