Technical & Derivatives Report
October 10, 2017
Exhibit 1: Nifty Daily Chart
Sensex (31847) / Nifty (9989)
Despite SGX Nifty showing not so great opening for our markets,
we witnessed Nifty starting the week slightly in the positive
territory. However, this was followed by a long consolidation
throughout the remaining part to end the session precisely
around its opening level.
As far as index activity is concerned, it was certainly a neutral day
for our market as we did not see any kind of trader’s
participation; resulting into a ‘Doji’ candle on daily chart. The
pattern itself does not have any significance; but, indicates
uncertainly among traders’ fraternity. We still believe that one
should avoid aggressive longs in the index at this juncture and
should rather focus on individual stocks that are offering trading
opportunities in both directions. For the coming session, 10015 -
10043 would be seen as immediate hurdles; whereas, on the
lower side, any sustainable move below 9959 would result into
some weakness towards 9930 - 9880 levels.
Key Levels
Support 1 - 9959
Resistance 1 - 10015
Support 2 - 9880
Resistance 2 - 10043
Nifty Bank Outlook - (24252)
Exhibit 2: Nifty Bank Hourly Chart
Post a consolidation phase last week; the Nifty Bank index gave a
breakout above the resistance of 24250 in the first hour of the
trade yesterday. However, the index lacked any directional
momentum and consolidated in a range to end the session near
24250.
The movement in index is typically a sign of a consolidation phase
and thus, we expect the Nifty Bank index to continue to trade in a
narrow range in near term. On higher side, the index could move
upto the range of 24350 - 24420, whereas levels around 24150
and 24000 are now supports for short-term. Traders are advised
to trade on stock specific moves which could provide better
trading opportunities.
Key Levels
Support 1 - 24150
Resistance 1 - 24350
Support 2 - 24000
Resistance 2 - 24420
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Technical & Derivatives Report
October 10, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.29%
BankNifty futures open interest has increased by 2.14%
as market closed at 9988.75 levels.
The Nifty October future closed with a premium of 27.80
points against a premium of 23.70 points in last trading
session. The November series closed at a premium of
58.55 points.
The Implied Volatility of at the money options has
increased from 9.56 to 10.06. At the same time, the
PCR-OI of Nifty is has increased from 1.37 to 1.39 level.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, SOUTHBANK, NHPC,
TV18BRDCST and MCX.
Views
FIIs were net sellers in cash market segment to the tune
of Rs. 475 crores. While, in index futures they were
OI Gainers
marginal sellers with rise in open interest, suggesting
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
blend of long and short positions in yesterday’s trading
SRF
877500
33.87
1752.25
10.44
session.
POWERGRID
23256000
16.63
201.85
-1.90
In index options front, they were net buyers of Rs.881
APOLLOTYRE
16131000
15.91
239.30
-1.72
crores with rise in open interest. In call option, some
AMARAJABAT
2282400
14.41
688.75
-2.40
build-up was seen in 10000-10100 strikes. On the flip
TATAELXSI
1740000
12.99
868.80
4.24
side, 9800-10000 put options continued adding fresh
PCJEWELLER
11334000
12.64
382.45
1.80
position, resulting PCR-OI surging higher. At present,
M&MFIN
7487500
12.00
424.05
0.57
highest open interest for October series stands firm at
10000 call and 9800 put options.
BIOCON
10468800
9.67
343.30
-2.10
Since the beginning of October series, we have been
witnessing decent amount of long formation in index
OI Losers
futures. In addition, stronger hands (FIIs) too participated
OI
PRICE
SCRIP
OI
PRICE
in recent upmove by adding some fresh longs; while,
CHG. (%)
CHG. (%)
JUBLFOOD
1743500
-16.70
1504.10
-2.93
huge shorts rolled over in index futures are also intact.
JPASSOCIAT
172856000
-8.95
18.60
-6.77
However, they continue curbing liquidity through cash
PAGEIND
26850
-8.52
18859.75
-0.94
market segment. Although, Nifty is hovering around
resistance zone of 10000-10050, we can hardly witness
MGL
702000
-6.92
1150.80
1.71
unwinding in 10000 call option. Thus, we believe market
HEXAWARE
2079000
-6.60
267.30
0.28
may continue to trade in a range going ahead. Hence,
GRANULES
16515000
-5.82
126.45
3.27
traders are advised to prefer stock specific approach
BEML
2388000
-5.53
1706.45
-2.30
unless we see any meaningful change in data.
TATAPOWER
36351000
-5.01
81.95
1.36
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SRF
55.63
NIFTY
1.39
1.05
IDFC
47.96
BANKNIFTY
1.18
0.99
PVR
46.27
INFY
0.76
0.62
IDFCBANK
33.71
RELIANCE
0.45
0.45
TATAELXSI
39.18
SBIN
0.42
0.38
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Technical & Derivatives Report
October 10, 2017
FII Statistics for October 09, 2017
Turnover on October 09, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
940.97
970.58
(29.61)
262501
20327.57
2.60
124208
10500.57
-21.22
FUTURES
FUTURES
INDEX
INDEX
29665.68
28784.60
881.08
967548
74879.46
0.43
3386639
294470.85
6.96
OPTIONS
OPTIONS
STOCK
5338.22
5556.95
(218.74)
855970
60241.21
0.84
STOCK
FUTURES
527567
40187.42
-5.95
FUTURES
STOCK
STOCK
4340.26
4274.15
66.11
64086
4772.97
9.86
334255
26762.85
-5.00
OPTIONS
OPTIONS
Total
40285.13
39586.28
698.85
2150105
160221.21
1.11
TOTAL
4372669
371921.69
3.44
Nifty Spot = 9988.75
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10000
92.95
Buy
10000
80.75
47.25
52.75
10047.25
30.05
69.95
9969.95
Sell
10100
45.70
Sell
9900
50.70
Buy
10000
92.95
Buy
10000
80.75
73.25
126.75
10073.25
48.55
151.45
9951.45
Sell
10200
19.70
Sell
9800
32.20
Buy
10100
45.70
Buy
9900
50.70
26.00
74.00
10126.00
18.50
81.50
9881.50
Sell
10200
19.70
Sell
9800
32.20
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
October 10, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
377
385
391
399
404
AMBUJACEM
273
277
280
283
286
ASIANPAINT
1,143
1,151
1,160
1,168
1,177
AUROPHARMA
706
717
737
748
768
AXISBANK
498
502
505
509
513
BAJAJ-AUTO
3,098
3,112
3,132
3,146
3,166
BAJFINANCE
1,899
1,920
1,937
1,958
1,975
BPCL
472
477
484
489
497
BHARTIARTL
375
377
379
381
383
INFRATEL
392
395
401
404
409
BOSCHLTD
20,682
20,979
21,156
21,453
21,630
CIPLA
570
578
587
595
604
COALINDIA
275
278
280
283
285
DRREDDY
2,353
2,381
2,407
2,435
2,461
EICHERMOT
31,033
31,454
31,722
32,142
32,411
GAIL
438
442
448
453
459
HCLTECH
892
898
903
908
913
HDFCBANK
1,784
1,790
1,796
1,802
1,809
HDFC
1,722
1,736
1,745
1,759
1,768
HEROMOTOCO
3,642
3,659
3,687
3,704
3,732
HINDALCO
245
247
250
252
255
HINDPETRO
432
436
441
445
451
HINDUNILVR
1,198
1,209
1,216
1,227
1,235
IBULHSGFIN
1,239
1,255
1,266
1,283
1,293
ICICIBANK
268
270
273
275
278
IOC
407
410
416
419
425
INDUSINDBK
1,656
1,678
1,696
1,718
1,736
INFY
907
916
922
931
937
ITC
265
267
268
269
271
KOTAKBANK
1,028
1,039
1,046
1,057
1,065
LT
1,127
1,134
1,146
1,153
1,165
LUPIN
1,026
1,033
1,041
1,047
1,055
M&M
1,292
1,298
1,306
1,312
1,319
MARUTI
7,817
7,857
7,907
7,947
7,997
NTPC
172
174
176
177
179
ONGC
168
170
172
173
175
POWERGRID
197
199
202
204
207
RELIANCE
821
826
833
838
845
SBIN
252
255
257
259
261
SUNPHARMA
515
523
530
538
545
TCS
2,427
2,441
2,454
2,468
2,481
TATAMOTORS
418
422
427
431
436
TATASTEEL
685
691
698
704
711
TECHM
450
457
460
467
470
ULTRACEMCO
3,886
3,922
3,956
3,992
4,026
UPL
783
788
795
800
808
VEDANTA
320
322
325
327
331
WIPRO
283
285
286
288
289
YESBANK
359
365
369
375
378
ZEEL
519
523
527
530
535
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Technical & Derivatives Report
October 10, 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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