Technical & Derivatives Report
December 06, 2017
Sensex (32802) / Nifty (10118)
Exhibit 1: Nifty Daily Chart
In yesterday's trading session, the Nifty index continued to
correct during initial couple of hours of the day. However, the
index took support around its '89DEMA' support and
recovered in the last hour to end the session on a flat note.
This has resulted into formation of a 'doji' candle on the daily
chart. The formation of this candle at the '89 DEMA' now
makes yesterday's low an important support for the bulls.
However, we are of the opinion that a pullback move, if any,
would be temporary in nature and we continue to expect
emergence of selling if Nifty manages to bounce in the vicinity
of 10200 - 10270. On the flipside, a breach of yesterday's
low of 10069 could then lead to a sharp correction. Hence,
we continue to adopt a ‘Sell on rise’ strategy and would avoid
making any kind of bottom fishing.
Key Levels
Support 1 - 10069
Resistance 1 - 10186
Support 2 - 10000
Resistance 2 - 10200
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (25125)
Post a flat opening, the Nifty Bank index continued its
corrective move and traded with a negative bias till noon.
However, the index recovered in the latter half and ended the
session with minor gains of 0.20 percent.
In last few trading sessions, the Nifty Bank index has
underperformed the broader markets and has sharply
corrected from the high of 25953 to 24921 (yesterday's low).
This sharp correction has resulted into overbought momentum
readings on the lower time frame charts, which probably led
to the pullback move seen in the last hour of trade yesterday.
While there could be higher volatility on account of the RBI
monetary policy today, any up move hereon could be just a
pullback rally. The resistances for the index are seen around
25315 (38.2% retracement) and 25440 (50% retracement and
200 SMA & 89EMA on hourly chart). Such upmove, if any,
should be used as an opportunity to exit longs/ create shorts.
In near term, we expect the index to correct upto its 89 DEMA
level which is placed around 24700.
Key Levels
Support 1 - 25000
Resistance 1 - 25260
Support 2 - 24700
Resistance 2 - 25315
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Technical & Derivatives Report
December 06, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 5.89%
BankNifty futures open interest has increased by 3.58%
as market closed at 10118.25 levels.
The Nifty December future closed with a premium of
28.45 points against a premium of 31.50 points in last
trading session. The January series closed at a premium
of 60.80 points.
The INDIA VIX has increased from 14.85 to 15.00. At the
same time, the PCR-OI of Nifty has decreased from 1.19
to 1.16 level.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, JUSTDIAL, GMRINFRA,
DALMIABHA and JSWSTEEL.
Views
FIIs were net sellers in both cash market segment and
index futures. They sold equities to the tune of Rs. 1471
OI Gainers
crores. While, they were sellers in index futures of worth
OI
PRICE
Rs. 1979 crores with good amount of rise in open
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
interest, indicating huge amount of short formation in
BALKRISIND
451600
36.68
2198.65
4.47
previous trading session.
HEXAWARE
3852000
21.02
346.25
3.19
In index options front, they were net buyers of Rs. 454
OFSS
69900
15.92
3774.95
0.54
crores with rise in open interest. In call options,
JETAIRWAYS
7032000
13.32
682.00
5.40
10100-10300 strikes added good amount of fresh
SRTRANSFIN
2625000
12.38
1378.80
5.87
positions. On the flip side, we saw open interest addition
JUSTDIAL
2616400
10.74
506.35
2.51
in 9800 and 9900 put options, followed by unwinding in
M&M
5023500
8.96
1397.20
-0.70
10200-10300 strikes.
Maximum open interest
HEROMOTOCO
1435200
8.79
3541.45
-1.97
concentration for current series is placed at 10500 call
and 10000 put options.
OI Losers
Yesterday, the benchmark index managed to recover in
OI
PRICE
the latter half to conclude the session above
10100
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
mark. Despite recovery near the support zone, stronger
M&MFIN
5797500
-9.52
442.90
-0.19
hand added good amount of shorts in index futures
CHOLAFIN
447000
-9.05
1308.50
0.79
along with longs index put options. Since last two days,
MINDTREE
2001600
-5.39
542.45
-2.08
9800-9900 put options are also quite active and have
NHPC
43119000
-3.45
28.35
-0.87
added good amount of fresh positions. We believe
CUMMINSIND
713400
-3.33
872.10
1.34
market may continue to remain under pressure; hence,
PAGEIND
24300
-3.19
21535.65
-0.66
traders are advised avoiding any bottom fishing at
BEL
18517950
-3.11
182.15
0.72
current levels and prefer buying puts on bounce.
VOLTAS
2470000
-2.99
624.60
1.84
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HEROMOTOCO
18.57
NIFTY
1.16
0.84
SRTRANSFIN
52.03
BANKNIFTY
1.00
0.79
WIPRO
20.43
INFY
0.62
0.45
BHARATFORG
29.09
TATAMOTORS
0.35
0.48
BALKRISIND
44.46
RELIANCE
0.46
0.46
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Technical & Derivatives Report
December 06, 2017
FII Statistics for December 05, 2017
Turnover on December 05, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1826.58
3805.21
(1978.62)
197884
15611.89
8.62
215301
18349.35
27.20
FUTURES
FUTURES
INDEX
INDEX
56165.69
55711.59
454.11
1099539
86987.22
3.81
4615787
427152.18
37.91
OPTIONS
OPTIONS
STOCK
8070.40
7792.78
277.62
983663
67597.56
1.26
STOCK
FUTURES
592105
42692.78
9.80
FUTURES
STOCK
STOCK
4037.56
4079.91
(42.36)
44375
3192.48
14.93
306951
22816.96
-0.02
OPTIONS
OPTIONS
Total
70100.23
71389.49
(1289.25)
2325461
173389.15
3.29
TOTAL
5730144
511011.28
32.43
Nifty Spot = 10118.25
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10200
113.85
Buy
10100
123.05
42.50
57.50
10242.50
32.80
67.20
10067.20
Sell
10300
71.35
Sell
10000
90.25
Buy
10200
113.85
Buy
10100
123.05
71.80
128.20
10271.80
58.55
141.45
10041.45
Sell
10400
42.05
Sell
9900
64.50
Buy
10300
71.35
Buy
10000
90.25
29.30
70.70
10329.30
25.75
74.25
9974.25
Sell
10400
42.05
Sell
9900
64.50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (December Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
December 06, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
376
382
386
392
396
AMBUJACEM
254
257
260
263
265
ASIANPAINT
1,100
1,107
1,116
1,123
1,132
AUROPHARMA
657
663
668
674
680
AXISBANK
527
530
534
537
541
BAJAJ-AUTO
3,117
3,140
3,169
3,193
3,221
BAJFINANCE
1,638
1,673
1,696
1,731
1,754
BPCL
490
496
500
506
510
BHARTIARTL
471
481
486
496
502
INFRATEL
368
373
377
382
386
BOSCHLTD
19,459
19,677
19,998
20,215
20,537
CIPLA
588
592
596
600
604
COALINDIA
262
263
265
267
268
DRREDDY
2,175
2,192
2,219
2,237
2,264
EICHERMOT
28,044
28,486
28,943
29,385
29,842
GAIL
453
458
462
466
470
HCLTECH
833
840
847
854
860
HDFCBANK
1,797
1,809
1,819
1,830
1,840
HDFC
1,651
1,665
1,678
1,692
1,704
HEROMOTOCO
3,460
3,490
3,544
3,574
3,627
HINDALCO
233
237
239
243
245
HINDPETRO
405
409
413
417
421
HINDUNILVR
1,244
1,253
1,263
1,272
1,282
IBULHSGFIN
1,155
1,172
1,182
1,199
1,209
ICICIBANK
302
303
306
307
309
IOC
383
387
389
393
395
INDUSINDBK
1,634
1,650
1,662
1,677
1,689
INFY
965
975
989
999
1,013
ITC
251
252
254
255
257
KOTAKBANK
990
995
1,000
1,005
1,010
LT
1,182
1,196
1,205
1,219
1,228
LUPIN
800
804
812
816
824
M&M
1,367
1,378
1,394
1,404
1,420
MARUTI
8,432
8,466
8,511
8,545
8,589
NTPC
174
176
178
179
181
ONGC
175
177
179
180
182
POWERGRID
194
197
200
203
205
RELIANCE
885
899
910
924
935
SBIN
304
312
316
324
328
SUNPHARMA
513
518
523
528
533
TCS
2,615
2,625
2,638
2,649
2,662
TATAMOTORS
392
397
401
406
410
TATASTEEL
663
669
677
684
692
TECHM
455
460
468
473
480
ULTRACEMCO
4,044
4,076
4,105
4,138
4,167
UPL
683
691
703
711
723
VEDANTA
282
285
288
291
294
WIPRO
279
281
285
287
291
YESBANK
297
303
306
312
316
ZEEL
552
560
565
573
578
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Technical & Derivatives Report
December 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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