Technical & Derivatives Report
November 09, 2018
Exhibit 1: Nifty Daily Chart
Sensex (35238) / Nifty (10598)
Tuesday’s session was quite similar to Monday’s trading action.
Index remained in a slender range with no real momentum in the
market ahead of Diwali festival. However, on the auspicious day
of Laxmi Pujan, markets opened higher with a decent gap and
eventually closed tad below the 10600 mark.
During the week, barring muhurat trading day, there has been no
major action seen in the market. And since, generally this tiny
session trades with low volumes, we should not give much
weightage to this price development. At this juncture, we still
believe that the index is heading towards its cluster of resistance,
which is in the zone of 10700 - 10800. As of now one should
trade with a positive bias but at the same, it’s better to start
lightening up positions once index reaches this strong hurdle. On
the lower side, 10540 - 10500 are seen as immediate supports
for the index. Now, one needs to follow a stock centric approach
by following strict stop losses.
Key Levels
Support 1 - 10540
Resistance 1 -
10700
Support 2 - 10500
Resistance 2 -
10800
Nifty Bank Outlook - (25738)
Exhibit 2: Nifty Bank Daily Chart
Post trading in a range in Tuesday's session, the Nifty Bank index
too showed some positive momentum on the Muhurat trading
session and posted gains of about half a percent.
The Nifty Bank index has traded in a narrow range in this
truncated week. The index has been hovering around the 38.2%
retracement resistance of the last two month correction. However,
the momentum within certain index heavyweights is indicating
higher probability of a continuation of this up move. Hence, we
continue with our advice to trade with a positive bias from a near-
term perspective. The near-term support is placed in the range of
25500-25400 whereas resistances are seen around 25915 and
26060.
Key Levels
Support 1 - 25500
Resistance 1 -
25915
Support 2 - 25400
Resistance 2 - 26060
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Technical & Derivatives Report
November 09, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.20%.
Bank Nifty futures open interest has decreased by
16.25% as market closed at 10598.40 levels.
The Nifty November future closed with a premium of
23.5 points against a premium of 26.95 points in last
trading session. The December series closed at a
premium of 67.45 points.
The INDIA VIX has decreased from 19.48 to 17.72.
At the same time, the PCR-OI of Nifty has increased from
1.58 to 1.59.
Few of the liquid counters where we have seen high cost
of carry are RCOM, IFCI, ADANIPOWER, CHENNPETRO
and ALBK.
Views
OI Gainers
FIIs were net sellers in the cash market segment on
OI
PRICE
SCRIP
OI
PRICE
Tuesday to the tune of 500 crores. In index futures
CHG. (%)
CHG. (%)
segment,
they
were
net
buyers
worth
BALKRISIND
2571200
47.03
938.10
-0.66
Rs. 400 crores in index futures with fall in open interest.
CIPLA
10876000
23.06
533.35
0.25
In options front, they bought of Rs. 3096 with rise in
GLENMARK
3979000
12.94
665.55
0.90
open interest. As far as Nifty options activities are
PAGEIND
137875
12.94
29535.05
-0.53
considered, maximum open interest for November series
CUMMINSIND
1351700
10.09
778.65
0.17
now stands at 11000 followed by 10800 call and 10000
JETAIRWAYS
6759000
8.91
258.80
1.47
followed by 10200 put options.
SIEMENS
1142100
8.62
941.55
0.19
The index traded with positive bias on the Muhurat
ULTRACEMCO
2072400
8.60
3782.60
0.86
trading session. The overall activities in F&O space
remained muted as far as open interest are concerned.
At present, around
10500-10550 is an immediate
OI Losers
support; whereas we expect continuation of this upmove
OI
PRICE
SCRIP
OI
PRICE
towards 10750-10800 levels. Thus, traders are advised
CHG. (%)
CHG. (%)
SRF
570000
-11.28
2002.80
-0.31
using dips to create fresh longs.
REPCOHOME
468000
-9.57
404.55
2.70
SBIN
87252000
-9.26
286.55
-0.02
IGL
4001250
-8.03
274.75
0.55
TATAMOTORS
60449500
-7.35
194.85
0.36
TORNTPHARM
379000
-6.99
1667.15
0.18
AXISBANK
35716800
-5.68
606.85
-0.30
ICICIPRULI
3113500
-5.60
359.85
-0.08
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BALKRISIND
74.27
NIFTY
1.59
0.98
GLENMARK
36.79
BANKNIFTY
1.11
0.91
CIPLA
56.61
RELIANCE
0.58
0.48
MANAPPURAM
59.47
ICICIBANK
0.87
0.85
TORNTPHARM
43.00
INFY
1.06
0.55
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Technical & Derivatives Report
November 09, 2018
FII Statistics for November 07, 2018
Turnover on November 07, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
277.20
112.46
164.74
384548
29371.17
(1.74)
63573
4388.14
-83.81
FUTURES
FUTURES
INDEX
INDEX
642.95
642.95
(0.00)
938503
68958.30
5.05
1210249
71578.21
-87.26
OPTIONS
OPTIONS
STOCK
91.27
79.67
11.60
1374144
81403.40
(0.45)
STOCK
FUTURES
96292
5343.25
-91.98
FUTURES
STOCK
STOCK
0.00
0.00
0.00
136090
8256.65
4.56
50496
2877.25
-93.66
OPTIONS
OPTIONS
Total
1011.42
835.08
176.34
2833285
187989.52
1.36
TOTAL
74455
700968
-89.38
Nifty Spot = 10598.40
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10600
161.50
Buy
10600
144.95
53.20
46.80
10653.20
32.80
67.20
10567.20
Sell
10700
108.30
Sell
10500
112.15
Buy
10600
161.50
Buy
10600
144.95
92.85
107.15
10692.85
59.20
140.80
10540.80
Sell
10800
68.65
Sell
10400
85.75
Buy
10700
108.30
Buy
10500
112.15
39.65
60.35
10739.65
26.40
73.60
10473.60
Sell
10800
68.65
Sell
10400
85.75
Note: Above mentioned Bullish or Bearish Spreads in Nifty (November Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
November 09, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
322
324
327
329
331
ASIANPAINT
1,233
1,242
1,248
1,257
1,263
AXISBANK
600
603
608
612
616
BAJAJ-AUTO
2,676
2,684
2,690
2,698
2,703
BAJFINANCE
2,331
2,340
2,352
2,361
2,373
BAJAJFINSV
5,579
5,604
5,624
5,649
5,669
BPCL
285
287
288
290
292
BHARTIARTL
301
304
306
309
311
INFRATEL
262
263
265
267
268
CIPLA
530
532
534
536
538
COALINDIA
265
266
267
268
268
DRREDDY
2,427
2,440
2,455
2,468
2,483
EICHERMOT
22,466
22,558
22,692
22,784
22,918
GAIL
371
373
376
378
381
GRASIM
849
854
857
862
865
HCLTECH
1,023
1,027
1,031
1,035
1,039
HDFCBANK
1,943
1,950
1,958
1,965
1,973
HDFC
1,803
1,809
1,814
1,821
1,826
HEROMOTOCO
2,832
2,860
2,879
2,907
2,926
HINDALCO
242
243
244
245
246
HINDPETRO
227
228
230
231
233
HINDUNILVR
1,629
1,637
1,642
1,649
1,654
IBULHSGFIN
820
826
834
841
849
ICICIBANK
353
355
356
357
358
IOC
138
138
139
139
140
INDUSINDBK
1,461
1,472
1,487
1,498
1,513
INFY
670
673
675
678
681
ITC
278
279
280
281
282
JSW STEEL
348
350
352
354
357
KOTAKBANK
1,128
1,131
1,135
1,138
1,142
LT
1,360
1,363
1,367
1,369
1,373
M&M
780
786
790
797
801
MARUTI
7,067
7,098
7,120
7,151
7,173
NTPC
154
155
155
155
155
ONGC
156
156
157
158
158
POWERGRID
187
188
189
190
191
RELIANCE
1,103
1,107
1,111
1,115
1,119
SBIN
284
285
287
288
290
SUNPHARMA
578
580
582
584
586
TCS
1,931
1,936
1,943
1,948
1,955
TATAMOTORS
192
194
195
196
197
TATASTEEL
577
579
581
582
584
TECHM
690
694
696
700
702
TITAN
843
847
851
855
860
ULTRACEMCO
3,724
3,753
3,780
3,809
3,835
UPL
718
724
728
734
738
VEDANTA
207
209
210
211
213
WIPRO
323
324
326
327
329
YESBANK
214
215
216
217
219
ZEEL
441
444
448
450
454
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Technical & Derivatives Report
November 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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