Technical & Derivatives Report
October 09, 2018
Exhibit 1: Nifty Daily Chart
Sensex (34474) / Nifty (10348)
Trading for the week began on a sluggish note and during the
initial hours, Nifty once again nosedived to test the 10200 mark.
This was followed by a V-shaped recovery in the midst of the
session. However, once again this bounce back got sold into
completely and in the course of the action, index went on to
breach its morning’s low. Fortunately for us, the damage did not
increase from there and in fact, we saw yet another bout of
strong buying towards the fag end to conclude on a positive note.
The volatility in the recent past has risen substantially and
yesterday, it was at its best. Our markets had a roller coaster ride
as we saw wild swings of nearly 150-200 points four times during
the session. Such markets are generally considered a traders’
delight because of its broad range and faster moves. On the
daily chart, it appears that yesterday’s low would now be seen as
immediate support for a while and from here on, index would
provide some sort of relief. Having said that we reiterate that the
volatility would remain on the higher side and hence, traders are
advised not to take aggressive positions for a time being. Going
ahead, 10400 - 10450 are to be seen as immediate hurdles;
whereas on the downside, 10300 - 10250 - 10200 are likely to
provide intraday supports.
Key Levels
Support 1 - 10250
Resistance 1 -
10400
Support 2 - 10200
Resistance 2 -
10450
Nifty Bank Outlook - (24618)
Exhibit 2: Nifty Bank Daily Chart
The index started trading for the week marginally positive
compared to last week's closing. However, the index traded with
higher volatility during the day and recovered smartly in the last
hour to end with gains of seven-tenths of a percent.
The index is hovering near its weekly 89 EMA support and the RSI
oscillator on the daily chart is indicating a positive divergence.
Usually, such scenarios lead to a pullback move. Today's session
could be important to determine whether such pullback move
could be seen in near term. If the index continues the positive
momentum seen in the last hour of trade yesterday, then an up
move could be seen in near term to retrace the recent correction.
However, traders are advised to avoid taking aggressive positions
and the broader trend continues to remain down. Yesterday's low
around 24240 would be seen as a short-term support, while the
resistances are seen around 24900 and 25100.
Key Levels
Support 1 - 24240
Resistance 1 -
24900
Support 2 - 24060
Resistance 2 - 25100
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Technical & Derivatives Report
October 09, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.97%
Bank Nifty futures open interest has decreased by 3.65%
as market closed at 10316.45 levels.
The Nifty October future closed with a premium of 30.95
points against a premium of 30.70 points in last trading
session. The November series closed at a premium of
78.45 points.
The INDIA VIX has increased from 19.73 to 20.14.
At the same time, the PCR-OI of Nifty has increased from
1.07 to 1.12.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, HCC, GODREJCP, JISLJALEQS
and CUMMINSIND.
Views
FIIs were net sellers in cash market segment to the tune
OI Gainers
of Rs. 1805 crores. At the same time, they buyers worth
OI
PRICE
SCRIP
OI
PRICE
Rs. 917 crores in index futures with rise in open interest,
CHG. (%)
CHG. (%)
indicating good amount of fresh long formation in
CHENNPETRO
1084500
21.72
232.20
-9.06
previous trading session.
BPCL
14819400
19.30
264.90
0.34
In options front, they sellers of Rs. 1595 crores with rise
VOLTAS
3938000
15.59
479.15
-4.81
in open interest. As far as Nifty options activities are
IOC
31992000
11.85
124.85
5.90
considered, we saw build-up between 10300-10700 call
TATAELXSI
2186400
11.10
1006.95
-12.04
options; followed by unwinding in OTM strikes 10900-
TORNTPOWER
2178000
9.67
223.20
-0.38
11600 strikes. On the flip side, we saw good amount of
BHARATFIN
5138000
9.02
988.40
-0.51
writing in 9800 and 10000 put options. Maximum open
CHOLAFIN
910000
8.40
1055.35
-5.63
interest for October series now stood at 11000 followed
by
11500 call and 10000 followed by
10500 put
options.
OI Losers
Post flat opening, index remained volatile for the entire
OI
PRICE
SCRIP
OI
PRICE
day. In the course of action, after hitting fresh intraday
CHG. (%)
CHG. (%)
VEDL
42521500
-15.63
206.75
-10.61
lows in the latter half strong buying emerged to
KSCL
1068000
-13.06
492.55
-1.40
eventually conclude the session with 0.31% gains. We
MFSL
2326800
-10.02
365.70
2.42
hardly saw any meaningful change in Nifty futures
HINDPETRO
27439650
-9.04
179.20
8.40
positions; however, some short covering took place in
BankNifty. At present, we believe around 10200 is an
VGUARD
2187000
-8.99
162.55
-2.78
immediate support zone and some recovery may bring
AJANTPHARM
556000
-8.18
1001.00
-2.00
index towards 10500-10550 levels in near term. Those
ENGINERSIN
9530500
-7.51
106.00
3.35
traders with longs at higher levels should look to
HEROMOTOCO
1323800
-7.14
2873.05
4.61
lightener up their positions in the bounce back.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TATAELXSI
69.99
NIFTY
1.12
0.71
VEDL
68.15
BANKNIFTY
0.79
0.73
SRTRANSFIN
70.39
RELIANCE
0.47
0.52
CHENNPETRO
78.45
ICICIBANK
0.60
0.74
KOTAKBANK
40.37
INFY
0.94
0.76
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Technical & Derivatives Report
October 09, 2018
FII Statistics for October 08, 2018
Turnover on October 08, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
6536.12
5618.32
917.80
283509
22054.94
2.04
424716
35754.88
-8.30
FUTURES
FUTURES
INDEX
INDEX
114888.81
116484.01
(1595.19)
930650
75054.75
1.11
7140371
645695.62
3.53
OPTIONS
OPTIONS
STOCK
18973.48
17639.13
1334.35
1285860
82670.72
1.35
STOCK
FUTURES
1098348
66480.57
3.75
FUTURES
STOCK
STOCK
8347.18
8250.07
97.12
96520
6248.54
11.70
683194
46735.87
8.10
OPTIONS
OPTIONS
Total
148745.60
147991.53
754.07
2596539
186028.95
1.69
TOTAL
9346629
794666.94
3.20
Nifty Spot = 10348.05
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10400
159.50
Buy
10300
144.00
48.80
51.20
10448.80
29.10
70.90
10270.90
Sell
10500
110.70
Sell
10200
114.90
Buy
10400
159.50
Buy
10300
144.00
86.55
113.45
10486.55
53.20
146.80
10246.80
Sell
10600
72.95
Sell
10100
90.80
Buy
10500
110.70
Buy
10200
114.90
37.75
62.25
10537.75
24.10
75.90
10175.90
Sell
10600
72.95
Sell
10100
90.80
Note: Above mentioned Bullish or Bearish Spreads in Nifty (October Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
October 09, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
290
297
301
309
313
ASIANPAINT
1,181
1,215
1,234
1,268
1,287
AXISBANK
531
544
559
572
587
BAJAJ-AUTO
2,460
2,522
2,563
2,625
2,666
BAJFINANCE
1,815
1,895
1,992
2,073
2,170
BAJAJFINSV
5,106
5,251
5,375
5,520
5,645
BPCL
244
255
267
278
290
BHARTIARTL
287
291
295
299
303
INFRATEL
247
257
263
273
279
CIPLA
622
631
637
645
651
COALINDIA
257
263
268
273
278
DRREDDY
2,284
2,312
2,360
2,388
2,436
EICHERMOT
20,037
21,086
21,700
22,749
23,363
GAIL
324
334
340
350
356
GRASIM
892
906
916
930
939
HCLTECH
1,032
1,052
1,068
1,088
1,105
HDFCBANK
1,909
1,927
1,948
1,966
1,987
HDFC
1,612
1,640
1,674
1,702
1,736
HEROMOTOCO
2,648
2,760
2,823
2,935
2,998
HINDALCO
197
210
223
236
250
HINDPETRO
159
169
175
185
191
HINDUNILVR
1,522
1,541
1,556
1,574
1,589
IBULHSGFIN
857
898
927
968
997
ICICIBANK
292
302
308
317
323
IOC
115
120
123
128
131
INDUSINDBK
1,557
1,578
1,604
1,626
1,651
INFY
698
706
717
726
737
ITC
264
268
274
279
284
JSW STEEL
347
362
372
386
396
KOTAKBANK
1,016
1,060
1,088
1,133
1,161
LT
1,180
1,198
1,221
1,239
1,262
M&M
742
758
770
786
797
MARUTI
6,670
6,780
6,884
6,994
7,099
NTPC
157
160
163
166
168
ONGC
142
146
148
152
155
POWERGRID
180
183
186
190
193
RELIANCE
993
1,051
1,084
1,142
1,175
SBIN
254
260
264
270
274
SUNPHARMA
581
593
601
612
620
TCS
2,009
2,043
2,083
2,117
2,157
TATAMOTORS
203
207
213
218
223
TATASTEEL
532
546
558
572
584
TECHM
664
679
699
715
735
TITAN
758
786
802
830
847
ULTRACEMCO
3,664
3,711
3,749
3,796
3,834
UPL
566
593
609
635
652
VEDANTA
181
194
211
224
241
WIPRO
307
312
318
323
329
YESBANK
199
210
218
229
238
ZEEL
404
409
416
421
427
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Technical & Derivatives Report
October 09, 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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