Technical & Derivatives Report
December 07, 2017
Sensex (32597) / Nifty (10044)
Finally, cues from US markets were in-sync with our markets
Exhibit 1: Nifty Daily Chart
as well as other major Asian bourses. We had a gap down
opening and then a small patch of consolidation ahead of the
RBI monetary policy. But, once again a ‘Status Quo’ (in-line
with consensus) from this event resulted into further weakness
in the penultimate hour to end the session tad below the
10050 mark.
Due to yesterday’s correction, the Nifty has closed at the two-
month low, which was very much in-line with our recent
expectations. On the daily chart, we initiated ‘sell’ in index
around 10380 - 10350 with an anticipation of weakness and
now we can see confirmation of short term reversal in the
form of ‘Lower Top Lower Bottom’ on daily chart for the first
time in last several months. Thus, we are now gaining further
conviction over recent bearish stance on the market. Now, it’s
a matter of time that we would see index entering into a four-
digit territory. For the coming session, 10076 - 10104 would
be seen as immediate resistance zone. In case of any
extended bounce also, traders are advised not to make any
kind of bottom fishing and rather use such relief rallies to exit
existing long positions.
Key Levels
Support 1 - 10000
Resistance 1 - 10076
Support 2 - 9990
Resistance 2 - 10104
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (24852)
The Nifty Bank index continued its corrective move and lost
another percent in yesterday's session. The outcome of RBI
policy had no significant impact on the index movement as
they kept the key rates unchanged, much in line with market
expectations. However, the correction in the index is much on
our expected lines and as we have been mentioning since last
few days, we expect the Nifty Bank index to correct upto
24700 (89DEMA). We continue with our cautious approach on
the index and advice traders to avoid bottom fishing.
Although, since the momentum setups on the lower time frame
chart are in oversold territory, momentum traders with short
positions can look to book profits around the target of 24700.
The intraday supports for the Nifty Bank index are placed
around 24695 and 24620 whereas resistances are seen
around 24975 and 25050.
Key Levels
Support 1 - 24740
Resistance 1 - 24975
Support 2 - 24700
Resistance 2 - 25050
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Technical & Derivatives Report
December 07, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 5.07%
BankNifty futures open interest has increased by 16.15%
as market closed at 10044.10 levels.
The Nifty December future closed with a premium of
24.55 points against a premium of 28.45 points in last
trading session. The January series closed at a premium
of 56.40 points.
The INDIA VIX has increased from 15.00 to 15.08. At the
same time, the PCR-OI of Nifty has decreased from 1.16
to 1.11 level.
Few of the liquid counters where we have seen high cost
of carry are DALMIABHA, SUZLON, SRF, IFCI and
NBCC.
Views
FIIs were net sellers in both cash market segment and
index futures. They sold equities to the tune of Rs. 1218
OI Gainers
crores. While, they were sellers in index futures of worth
OI
PRICE
Rs. 446 crores with rise in open interest, indicating
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
continuation of short formation for second consecutive
BALKRISIND
499200
10.54
2191.60
-0.32
session.
SIEMENS
1066500
10.01
1131.30
-3.16
In index options front, they were marginal buyers with
UNIONBANK
14208000
9.49
155.30
-4.05
rise in open interest. In call options, 10100-10500 strikes
AMBUJACEM
10935000
8.03
262.15
0.31
added decent amount of fresh positions. On the flip side,
M&MFIN
6207500
7.07
444.40
0.34
we saw open interest addition in 9600-9900 put options,
CGPOWER
28176000
6.97
83.25
-2.23
followed by unwinding in 10200 strike. Maximum open
CHENNPETRO
2139000
6.58
406.45
-2.05
interest concentration for current series is placed at
CANBK
11795536
6.47
365.10
-2.63
10500 call and 10000 put options.
Yesterday, the benchmark index plunged below 10100
OI Losers
levels and was under pressure throughout the day.
OI
PRICE
Stronger hands (FIIs) continued adding good amount of
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
shorts in index futures along with longs index put options
RAMCOCEM
503200
-13.72
688.25
-0.33
and writing in index call options. Since past couple of
HEXAWARE
3474000
-9.81
336.35
-2.86
days, 9700-9900 put options are also quite active and
OFSS
64200
-8.15
3724.45
-1.34
have also added good amount of fresh positions. Thus,
KPIT
11387500
-7.35
162.15
4.04
we believe market may continue to remain under
BANKINDIA
13242000
-5.44
183.20
-0.95
pressure; hence, traders are advised avoiding any
MINDTREE
1915200
-4.32
541.90
-0.10
bottom fishing at current levels and prefer buying puts on
ARVIND
5272000
-4.18
430.45
1.21
bounce.
IDBI
20848000
-3.59
59.15
0.08
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
AJANTPHARM
42.06
NIFTY
1.11
0.76
LICHSGFIN
30.96
BANKNIFTY
0.72
0.68
SIEMENS
27.61
INFY
0.63
0.53
HINDZINC
32.22
TATAMOTORS
0.34
0.44
EICHERMOT
25.26
RELIANCE
0.54
0.47
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Technical & Derivatives Report
December 07, 2017
FII Statistics for December 06, 2017
Turnover on December 06, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2528.17
2974.55
(446.38)
203668
16081.31
2.92
222912
18989.67
3.49
FUTURES
FUTURES
INDEX
INDEX
66768.57
66709.84
58.74
1170378
92236.59
6.44
6337354
597521.07
39.88
OPTIONS
OPTIONS
STOCK
8124.56
7606.50
518.06
998888
68042.85
1.55
STOCK
FUTURES
551965
39482.69
-7.52
FUTURES
STOCK
STOCK
3775.25
3811.02
(35.78)
47171
3355.60
6.30
287321
21451.36
-5.99
OPTIONS
OPTIONS
Total
81196.55
81101.91
94.65
2420105
179716.34
4.07
TOTAL
7399552
677444.79
32.57
Nifty Spot = 10044.10
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10100
125.90
Buy
10000
114.80
43.40
56.60
10143.40
32.75
67.25
9967.25
Sell
10200
82.50
Sell
9900
82.05
Buy
10100
125.90
Buy
10000
114.80
75.10
124.90
10175.10
56.85
143.15
9943.15
Sell
10300
50.80
Sell
9800
57.95
Buy
10200
82.50
Buy
9900
82.05
31.70
68.30
10231.70
24.10
75.90
9875.90
Sell
10300
50.80
Sell
9800
57.95
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 07, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
379
383
386
389
392
AMBUJACEM
255
259
261
264
266
ASIANPAINT
1,090
1,097
1,106
1,113
1,122
AUROPHARMA
636
645
658
667
680
AXISBANK
526
528
531
534
537
BAJAJ-AUTO
3,070
3,090
3,122
3,142
3,175
BAJFINANCE
1,631
1,651
1,683
1,703
1,735
BPCL
481
486
494
499
508
BHARTIARTL
471
477
485
491
499
INFRATEL
360
365
372
377
383
BOSCHLTD
18,508
18,829
19,409
19,729
20,309
CIPLA
589
593
598
602
608
COALINDIA
261
263
265
268
270
DRREDDY
2,177
2,188
2,206
2,218
2,235
EICHERMOT
27,621
27,889
28,380
28,648
29,139
GAIL
450
453
458
461
465
HCLTECH
839
849
855
864
870
HDFCBANK
1,786
1,794
1,808
1,817
1,830
HDFC
1,620
1,634
1,655
1,669
1,689
HEROMOTOCO
3,454
3,480
3,499
3,525
3,544
HINDALCO
228
230
233
235
239
HINDPETRO
401
403
408
410
415
HINDUNILVR
1,244
1,260
1,271
1,287
1,298
IBULHSGFIN
1,147
1,160
1,175
1,188
1,203
ICICIBANK
294
297
301
304
308
IOC
385
387
389
391
394
INDUSINDBK
1,635
1,644
1,659
1,668
1,683
INFY
979
985
989
995
1,000
ITC
250
251
252
253
254
KOTAKBANK
988
994
1,002
1,008
1,016
LT
1,174
1,183
1,197
1,206
1,220
LUPIN
803
806
810
813
817
M&M
1,345
1,356
1,374
1,385
1,403
MARUTI
8,378
8,495
8,567
8,684
8,756
NTPC
173
174
176
177
179
ONGC
173
174
177
178
181
POWERGRID
198
199
200
201
202
RELIANCE
900
914
922
935
943
SBIN
308
310
314
316
320
SUNPHARMA
500
505
516
522
532
TCS
2,598
2,616
2,630
2,648
2,663
TATAMOTORS
390
393
399
402
408
TATASTEEL
656
662
667
672
677
TECHM
460
466
470
477
481
ULTRACEMCO
3,961
3,999
4,055
4,093
4,148
UPL
672
679
691
698
711
VEDANTA
275
279
281
284
286
WIPRO
279
281
283
284
286
YESBANK
302
304
307
309
312
ZEEL
559
565
569
574
579
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Technical & Derivatives Report
December 07, 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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