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Technical & Derivatives Report
November 08, 2019
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Sensex (
40654
(1
2012
)
The government's announcement of its plan to revive the real
estate sector boosted the sentiments of market participants and
thus, Nifty opened gap up yesterday above the 12000 mark.
However, it traded within a narrow range and ended the session
tad above 12000 for the first time in last five months.
After a small consolidation below the hurdle of 12000, the index
finally resumed its momentum in yesterday's session. The market
breadth too was more in favor of the advances as stocks from
broader markets witnessed positive momentum. In the recent
past, we have been upbeat on the market and still, it seems that
the up move is likely to continue in the near future. Hence, we
continue with our advice for traders to trade with a positive bias
as the Nifty too is expected to hit new all-time high. With the
index resuming its uptrend, the support for Nifty has now shifted
higher around 11850. Traders are advised to continue to ride the
trend and look for buying opportunities.
Key Levels
Support 1 – 11945 Resistance 1 – 12103
Support 2 – 11843 Resistance 2 – 12150
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
30633
)
Following the positive momentum from the previous session, Bank
Nifty Index started on a positive note. This was followed by an
intraday dip however this dip got bought into and after a range
bound session, the bank index ended with marginal gains at
30633.
Technically not much has changed and the bank index has
sustained well above the trendline resistance. Going ahead, the
bias remains positive and we expect the bank index to head
towards 31000-31335 in the near term. Traders are hence
advised to use dips as a buying opportunity as what we saw
yesterday. Immediate support is placed around 30400-30260
levels.
Key Levels
Support 1 – 30400 Resistance 1 – 31000
Support 2 – 30260 Resistance 2 – 31335
Exhibit 2: Nifty Bank Daily Chart
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Nifty Vs OI
Views
We began the session on a cheerful note tad above
12000 mark. During the day, Nifty traded in a narrow
range and concluded the session above the
psychological barrier of 12000 mark.
FIIs were net buyers in the cash market segment to the
tune of Rs. 927 cr. In index futures, they bought worth
Rs. 328 crores with a good amount of rise in open
interest, indicating long formation in the previous
trading session.
In the recent rally seen, we saw a good amount of fresh
long formation in both the indices. In Nifty options
front, the put writers are consistently shifting their strike
higher; yesterday, fresh shorts were formed in 12000
puts. On the other side, 12000-12300 call options
were quite active and also added good amount of
positions. At present, 11850-11900 is an immediate
support zone and considering recent development, we
anticipate extension recent rally beyond the lifetime
highs. Hence, any intraday dip shall be an opportunity
to buy ATM call options.
Comments
The Nifty futures open interest has increased by 2.78%
Bank Nifty futures open interest has increased 6.72% as
market closed at 12012.05 levels.
The Nifty October future closed with a premium of 35.90
points against a premium of 42.00 points in last trading
session. The November series closed at a premium of
83.00 points.
The INDIA VIX has decreased from 15.77 to 15.20.
At the same time, the PCR-OI of Nifty has increased from
1.44 to 1.48.
Few of the liquid counters where we have seen high cost
of carry are IDEA, DISHTV, GMRINFRA, HEXAWARE and
EQUITAS.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
MFSL 4422100 56.61 478.25 9.78
JUBLFOOD 2503000 14.66 1617.25 3.73
COLPAL 2527000 14.24 1601.30 3.26
JINDALSTEL 41593600 12.35 148.60 10.24
VOLTAS 2983000 11.10 666.65 -1.02
APOLLOTYRE 9708000 11.01 167.00 -1.21
LUPIN 8387400 10.16 737.45 -4.28
IGL 3162500 8.90 393.20 0.46
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
CIPLA 13281300 -8.72 471.85 -1.61
APOLLOHOSP 1686000 -6.59 1463.90 3.10
GODREJCP 4064800 -5.91 752.65 1.27
EXIDEIND 11366900 -5.58 188.70 1.51
INDUSINDBK 11390000 -4.64 1381.85 2.79
ONGC 19629350 -4.19 142.05 -1.28
HEXAWARE 1651500 -4.18 345.10 1.15
TATACHEM 2598300 -4.05 643.80 -0.15
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.48 0.92
BANKNIFTY 1.11 0.75
RELIANCE 0.76 0.55
ICICIBANK 0.70 0.45
INFY 0.59 0.46
Historical Volatility
SCRIP HV
MFSL 62.71
UPL 34.58
LUPIN 34.85
JINDALSTEL 88.42
SUNPHARMA 29.01
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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
=
1
2012
.05
Lot Size = 75
FII Statistics for
November
07
, 2019
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
3541.18 3213.26 327.92
190895 16351.26 5.30
INDEX
OPTIONS
500644.90 498540.11 2104.79
564791 47581.99 (18.51)
STOCK
FUTURES
12890.33 12700.04 190.29
1516942 90332.33 0.64
STOCK
OPTIONS
5645.81 5633.99 11.82
67474 3972.94 4.23
Total 522722.22
520087.40
2634.82
2340102
158238.52
(4.35)
Turnover on
November
07
, 2019
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
318868 22948.61 -16.14
INDEX
OPTIONS
40912793 2746401.90 93.38
STOCK
FUTURES
909155 49243.62 -10.32
STOCK
OPTIONS
779157 45053.68 -12.61
TOTAL 4,29,19,973
2863647.81 84.27
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 12000 179.15
55.40 44.60 12055.40
Sell 12100 123.75
Buy 12000 179.15
97.65 102.35 12097.65
Sell 12200 81.50
Buy 12100 123.75
42.25 57.75 12142.25
Sell 12200 81.50
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 12000 131.45
35.10 64.90 11964.90
Sell 11900 96.35
Buy 12000 131.45
60.40 139.60 11939.60
Sell 11800 71.05
Buy 11900 96.35
25.30 74.70 11874.70
Sell 11800 71.05
Nifty Put-Call Analysis
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Da
ily
Pivot
Levels for Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 386 388
390 392 394
ASIANPAINT 1,786 1,806
1,819 1,839 1,851
AXISBANK 718 726
741 750 765
BAJAJ-AUTO 3,201 3,234
3,255 3,288 3,309
BAJFINANCE 4,167 4,196
4,218 4,247 4,269
BAJAJFINSV 8,721 8,777
8,818 8,874 8,916
BPCL 500 507
517 523 533
BHARTIARTL 366 369
372 375 379
INFRATEL 219 224
228 233 236
BRITANNIA 3,177 3,200
3,228 3,252 3,280
CIPLA 459 465
476 483 494
COALINDIA 210 211
212 214 215
DRREDDY 2,807 2,839
2,861 2,893 2,915
EICHERMOT 20,903 21,163
21,432 21,692 21,961
GAIL 128 130
134 136 140
GRASIM 766 772
777 783 788
HCLTECH 1,128 1,138
1,146 1,156 1,164
HDFCBANK 1,241 1,253
1,261 1,272 1,281
HDFC 2,222 2,237
2,251 2,265 2,279
HEROMOTOCO 2,629 2,645
2,659 2,675 2,690
HINDALCO 196 201
204 209 212
HINDUNILVR 2,090 2,114
2,152 2,176 2,214
ICICIBANK 472 475
479 482 486
IOC 134 135
136 137 138
INDUSINDBK 1,329 1,355
1,377 1,403 1,424
INFY 707 713
719 726 731
ITC 260 263
265 267 269
JSW STEEL 238 246
250 257 262
KOTAKBANK 1,549 1,566
1,577 1,594 1,605
LT 1,413 1,424
1,442 1,453 1,471
M&M 567 574
579 585 590
MARUTI 7,179 7,233
7,295 7,349 7,411
NESTLEIND 14,445 14,578
14,684 14,817 14,923
NTPC 118 119
120 121 122
ONGC 138 140
143 145 147
POWERGRID 192 193
195 196 198
RELIANCE 1,420 1,440
1,451 1,470 1,482
SBIN 313 316
319 322 326
SUNPHARMA 415 428
436 449 457
TCS 2,159 2,172
2,188 2,202 2,218
TATAMOTORS 164 168
171 175 178
TATASTEEL 380 392
400 412 420
TECHM 760 765
770 775 780
TITAN 1,145 1,156
1,168 1,179 1,190
ULTRACEMCO 4,119 4,153
4,194 4,228 4,269
UPL 527 553
582 607 637
VEDANTA 152 157
160 164 167
WIPRO 255 257
259 261 263
YESBANK 64 65
67 69 71
ZEEL 277 281
287 291 297
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November 08, 2019
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*
Research Team Tel: 022
-
39357800
Website:
www.angelbroking.com
For Technical Queries E-mail: technicalresearch[email protected]gelbroking.com
For Derivatives Queries E-mail: derivatives.d[email protected]angelbroking.com
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