Technical & Derivatives Report
January 10, 2018
Sensex (34443) / Nifty (10637)
Exhibit 1: Nifty Daily Chart
Three days of gradual up move was followed by a gap up
opening with a small margin. During the opening trades, we saw
index coming off a bit after posting a new high of 10659.15.
Subsequently, Nifty remained range bound within a range of
merely 56 points to eventually conclude at record close by
forming a small ‘Doji’ candle.
If we see yesterday’s price action, the Nifty respected our
mentioned levels of 10650 in the upward direction
and 10588 on the lower side. We continue to see this as an
important trading range as we can see index showing some early
signs of exhaustion. We have just alluded in above section, the
daily chart depicts a ‘Doji’ candle and hence, traders are advised
to keep booking profits on index specific longs. One should
rather stay on sidelines and wait for further developments to
create any sort of index trade. In last few days, we have enjoyed
a good run in selective small size midcap counters. This pocket
also seems to have drained a bit and thus, one needs to be very
selective now while picking any kind of stock specific trade .For
the coming session, resistance zone remains at 10650 -
10660 and on the downside, 10603 followed by 10588 would
now be seen as crucial supports.
Key Levels
Support 1 - 10603
Resistance 1 - 10650
Support 2 - 10588
Resistance 2 - 10660
Nifty Bank Outlook - (25704)
Exhibit 2: Nifty Bank Daily Chart
In yesterday's trading session, the Nifty Bank index opened on a
positive note and made an attempt to breach the resistance zone
of 25780-25800 in the opening ticks. However, the index gave
up its early gains and consolidated during the day to end the
session on a flat note. Citing the recent underperformance in the
Nifty Bank index, traders are advised to take a directional bet in
the index only on a breakout above the resistance of 25800.
Meanwhile, certain stocks within the banking space have been
witnessing positive momentum supported with good volumes and
hence, we continue with our advice for traders to focus on stock
specific moves and trade with a positive bias. The intraday
supports for the Nifty Bank index are placed around 25600 and
25500 whereas resistances are seen around 25800 and 25953.
Key Levels
Support 1 - 25600
Resistance 1 - 25800
Support 2 - 25500
Resistance 2 - 25953
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Technical & Derivatives Report
January 10, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.79%
BankNifty futures open interest has increased by 3.36%
as market closed at 10637.00 levels.
The Nifty January future closed with a premium of 9.90
points against a premium of 5.40 points in last trading
session. The February series closed at a premium of
31.80 points.
The INDIA VIX has increased from 13.73 to 13.84. At the
same time, the PCR-OI of Nifty has increased from 1.64
to 1.67 level.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, IRB, UBL, CESC and MRPL.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 304 crores. At the same time, they were buyers in
CHG. (%)
CHG. (%)
index futures of Rs. 292 crores with rise in open interest,
BALKRISIND
1408800
27.61
1181.15
-2.33
indicating fresh long formation in yesterday’s trading
PAGEIND
44150
17.73
24115.20
-1.61
session.
NMDC
35514000
16.70
154.60
-4.74
In index options front, they were sellers of Rs. 102 crores
CUMMINSIND
649200
15.11
938.90
-2.50
with rise in open interest. In call options, 10600-10800
RPOWER
68848000
13.99
57.50
-6.96
call options added fresh positions; followed by some
ZEEL
7139600
13.73
582.95
-2.27
unwinding in 10400-10500 strikes. On the flip side,
BATAINDIA
2790700
13.51
750.70
-1.89
huge open interest addition was seen in 10600 put
CHOLAFIN
684500
13.23
1336.85
-0.27
options; some build-up was also seen in 10400, 10500
and 10700 strike. Maximum open interest concentration
stood at 11000; followed by 10600 call; whereas, in put
OI Losers
option has shifted higher to 10500 from 10400 strike.
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
The benchmark index extended its gains and hits a fresh
UBL
1793400
-28.75
1147.65
-0.86
record high to conclude the session above 10600 mark.
NIITTECH
793500
-11.24
690.90
-2.04
Stronger hands continue adding some long positions in
PVR
531200
-10.45
1488.70
1.32
index futures in yesterday’s session. In addition, they also
ARVIND
7688000
-10.19
466.65
3.83
bought decent amount of index call options and formed
JETAIRWAYS
6711600
-7.65
839.05
-3.51
shorts in index put options; thus, suggesting continuation
SREINFRA
20775000
-7.58
107.15
3.63
of ongoing move.
RELCAPITAL
15171000
-7.41
606.15
-1.86
WOCKPHARMA
3804300
-6.98
964.00
-3.30
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.67
1.29
COALINDIA
36.76
BANKNIFTY
0.96
0.82
CHENNPETRO
28.24
RELIANCE
0.46
0.29
PCJEWELLER
50.33
TATAMOTORS
0.43
0.30
DCBBANK
34.80
SUNPHARMA
0.68
0.44
NESTLEIND
19.14
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Technical & Derivatives Report
January 10, 2018
FII Statistics for January 09, 2018
Turnover on January 09, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1355.70
1064.04
291.66
222998
18307.70
4.13
132578
11504.99
6.64
FUTURES
FUTURES
INDEX
INDEX
40308.39
40410.16
(101.77)
815460
67010.07
2.66
3713295
350780.38
22.36
OPTIONS
OPTIONS
STOCK
9819.54
9459.24
360.30
951361
71518.34
0.41
STOCK
FUTURES
793978
63206.37
6.32
FUTURES
STOCK
STOCK
6965.25
7142.71
(177.46)
87675
6943.67
7.70
516606
42406.89
13.93
OPTIONS
OPTIONS
Total
58448.88
58076.16
372.73
2077494
163779.78
1.97
TOTAL
5156457
467898.63
18.71
Nifty Spot = 10637.00
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
64.05
Buy
10600
79.30
35.65
64.35
10735.65
26.35
73.65
10573.65
Sell
10800
28.40
Sell
10500
52.95
Buy
10700
64.05
Buy
10600
79.30
53.05
146.95
10753.05
43.80
156.20
10556.20
Sell
10900
11.00
Sell
10400
35.50
Buy
10800
28.40
Buy
10500
52.95
17.40
82.60
10817.40
17.45
82.55
10482.55
Sell
10900
11.00
Sell
10400
35.50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 10, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
416
418
422
425
428
AMBUJACEM
270
273
276
280
283
ASIANPAINT
1,166
1,180
1,188
1,202
1,211
AUROPHARMA
662
667
674
680
686
AXISBANK
557
561
567
571
577
BAJAJ-AUTO
3,200
3,222
3,253
3,275
3,306
BAJFINANCE
1,791
1,805
1,824
1,838
1,857
BPCL
487
491
496
501
506
BHARTIARTL
496
503
512
519
528
INFRATEL
361
365
371
374
380
BOSCHLTD
19,654
19,742
19,868
19,956
20,082
CIPLA
607
611
615
619
623
COALINDIA
290
297
304
311
318
DRREDDY
2,435
2,447
2,461
2,472
2,487
EICHERMOT
28,052
28,325
28,783
29,056
29,514
GAIL
495
498
500
503
506
HCLTECH
876
885
894
903
912
HDFCBANK
1,848
1,856
1,863
1,871
1,878
HDFC
1,713
1,724
1,736
1,747
1,759
HEROMOTOCO
3,703
3,726
3,766
3,789
3,828
HINDALCO
266
269
273
276
280
HINDPETRO
411
414
417
420
424
HINDUNILVR
1,345
1,353
1,364
1,373
1,384
IBULHSGFIN
1,196
1,206
1,219
1,230
1,243
ICICIBANK
308
310
313
315
318
IOC
383
388
391
396
399
INDUSINDBK
1,697
1,711
1,721
1,734
1,744
INFY
1,022
1,032
1,038
1,048
1,054
ITC
262
266
269
273
276
KOTAKBANK
984
997
1,009
1,022
1,033
LT
1,317
1,325
1,334
1,342
1,351
LUPIN
906
915
924
932
941
M&M
753
758
762
767
771
MARUTI
9,282
9,333
9,412
9,463
9,542
NTPC
174
176
177
178
180
ONGC
195
196
198
199
200
POWERGRID
200
200
201
202
202
RELIANCE
916
929
936
949
956
SBIN
300
302
306
308
312
SUNPHARMA
576
581
590
595
603
TCS
2,658
2,683
2,702
2,728
2,747
TATAMOTORS
428
433
438
443
449
TATASTEEL
760
766
773
780
787
TECHM
523
529
534
540
545
ULTRACEMCO
4,337
4,382
4,430
4,475
4,523
UPL
776
783
788
795
799
VEDANTA
330
334
338
342
347
WIPRO
301
309
315
323
328
YESBANK
322
332
337
347
352
ZEEL
569
575
584
590
599
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Technical & Derivatives Report
January 10, 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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