Technical & Derivatives Report
October 10, 2018
Exhibit 1: Nifty Daily Chart
Sensex (34299) / Nifty (10301)
Yesterday, our markets had a positive opening with a marginal
upside gap as indicated by the SGX Nifty. However, index failed
to sustain at higher levels and hence, the early morning lead was
merely a formality. During the day index made various attempts
to give some bounce back but there every attempt got sold into
and eventually index closed with nearly half a percent cut.
The kind of moves we are witnessing in last couple of days is the
typical characteristics of a falling market. Such kind of volatility
with wild swings on both directions generally happens around
important support and when index wants to give some relief
move. Before doing this, market tries to remove all hopes so that
it can give sharp bounce backs. Hence, we advise traders not to
remain aggressive short now (at least for a time being) as index is
gearing up for some relief. This would get confirmed once we see
Nifty staying beyond the 10400 mark. In this scenario, the relief
move can get extended towards 10500 - 10600 levels. Having
Midcap index is placed around a strong support zone and
said that one needs to understand that this is not kind of market
yesterday too we saw some outperformance as compared to
where you can place your bets blindly and hence, one needs to
the benchmark. Thus, we will not be surprised to see a smart
keep tracking developments by following strict stop losses. On the
recovery in midcap universe in next couple of days. Traders
downside, the immediate support is seen at 10280 and the
should focus on such potential pockets that are trading
sacrosanct level is placed at 10200, which we believe is likely to
around major support and are poised for some relief
be held for a while.
Key Levels
Support 1 - 10280
Resistance 1 -
10350
Support 2 - 10200
Resistance 2 -
10400
Nifty Bank Outlook - (24528)
Exhibit 2: Nifty Bank Hourly Chart
The Nifty Bank index traded in a range of 300 points in
yesterday's session and ended the day with a minor loss.
However, there was high volatility seen in the broader markets
where opportunities were seen on both the side of the trade. The
momentum of last few days in the index has led to the formation
of a wedge on the hourly chart in the Nifty Bank index. According
to the pattern, yesterday's high around 24760 is seen as an
immediate resistance and a pullback should be expected only if
the index moves above the same. Since the broader trend
continues to be negative, we continue to advise trade to avoid
taking aggressive positions. The support for the index is placed
around 24250 whereas resistances are seen around 24760 and
25080.
Key Levels
Support 1 - 24250
Resistance 1 -
24760
Support 2 - 24060
Resistance 2 - 25080
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Technical & Derivatives Report
October 10, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 3.16%
Bank Nifty futures open interest has decreased by 6.96%
as market closed at 10301.05 levels.
The Nifty October future closed with a premium of 13.35
points against a premium of 30.95 points in last trading
session. The November series closed at a premium of
62.60 points.
The INDIA VIX has decreased from 20.14 to 19.75.
At the same time, the PCR-OI of Nifty has decreased
from 1.12 to 1.11.
Few of the liquid counters where we have seen high cost
of carry are HCC, IFCI, SREINFRA, SOUTHBANK and
CANFINHOME.
Views
FIIs were net sellers in cash market segment to the tune
OI Gainers
of Rs. 1242 crores. At the same time, they were marginal
OI
PRICE
SCRIP
OI
PRICE
buyers in index futures with fall in open interest,
CHG. (%)
CHG. (%)
indicating blend of short covering and long unwinding in
JUSTDIAL
2745400
15.63
425.65
-11.11
previous trading session.
BERGEPAINT
2101000
11.83
272.70
-2.10
In options front, they sold of Rs. 1447 crores with rise in
OIL
3324222
10.63
194.55
-0.13
open interest. As far as Nifty options activities are
CHOLAFIN
999500
9.84
1064.55
1.19
considered, we saw fresh build-up between
INDIGO
3601200
9.75
724.45
-7.04
10400-10800 and
11000 call options; followed by
HEXAWARE
5109000
9.38
390.90
-3.76
unwinding in OTM strikes 11300-11500 strikes. On the
TITAN
15964500
8.22
749.50
-8.00
flip side, we hardly saw any relevant activity in put
ADANIPORTS
13242500
7.47
318.75
4.42
options. Maximum open interest for October series now
stood at 11000 followed by 10800 call and 10000
followed by 10500 put options.
OI Losers
We started-off yesterday’s session on a positive note but
OI
PRICE
SCRIP
OI
PRICE
once again bear took the charge. However, some
CHG. (%)
CHG. (%)
ENGINERSIN
8547000
-10.32
102.10
-3.99
recovery in latter half led closing above 10300 mark. In
REPCOHOME
521100
-7.36
367.90
-2.14
index futures, we saw long unwinding in both Nifty as
TATAMTRDVR
28114800
-6.66
101.55
-12.03
well as BankNifty. At present, 10400 is acting as a strong
BATAINDIA
1731400
-6.59
865.85
-3.16
hurdle for index; whereas, around
10200 is the
immediate base for index. Going ahead, we expect some
KOTAKBANK
10310400
-6.17
1108.45
0.21
recovery once index surpass 10400 mark, traders are
MRPL
4648500
-6.09
63.45
-1.01
advised adding some long for the targets of 10500-
VGUARD
2058000
-5.90
164.70
0.98
10600.
SRF
562000
-4.83
1699.20
1.89
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TATAMOTORS
78.56
NIFTY
1.11
0.63
TATAMTRDVR
73.04
BANKNIFTY
0.73
0.74
JUSTDIAL
71.35
RELIANCE
0.47
0.60
TITAN
52.06
ICICIBANK
0.59
0.68
GODREJIND
47.31
INFY
0.89
0.76
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Technical & Derivatives Report
October 10, 2018
FII Statistics for October 09, 2018
Turnover on October 09, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3962.50
3882.53
79.97
269571
20775.68
(4.92)
298658
25374.04
-29.03
FUTURES
FUTURES
INDEX
INDEX
90533.34
91980.83
(1447.49)
945224
75822.05
1.57
6366138
590012.49
-8.62
OPTIONS
OPTIONS
STOCK
14768.73
14391.92
376.81
1296632
82767.00
0.84
STOCK
FUTURES
997880
57610.82
-13.34
FUTURES
STOCK
STOCK
6389.79
6405.67
(15.88)
105392
6656.35
9.19
657346
39980.05
-14.46
OPTIONS
OPTIONS
Total
115654.36
116660.94
(1006.58)
2616819
186021.07
0.78
TOTAL
8320022
712977.40
-10.28
Nifty Spot = 10301.05
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10300
172.70
Buy
10300
161.95
53.25
46.75
10353.25
36.00
64.00
10264.00
Sell
10400
119.45
Sell
10200
125.95
Buy
10300
172.70
Buy
10300
161.95
95.55
104.45
10395.55
63.10
136.90
10236.90
Sell
10500
77.15
Sell
10100
98.85
Buy
10400
119.45
Buy
10200
125.95
42.30
57.70
10442.30
27.10
72.90
10172.90
Sell
10500
77.15
Sell
10100
98.85
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 10, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
294
306
315
328
337
ASIANPAINT
1,151
1,176
1,216
1,241
1,281
AXISBANK
541
547
555
561
570
BAJAJ-AUTO
2,497
2,523
2,556
2,583
2,616
BAJFINANCE
1,873
1,967
2,041
2,135
2,210
BAJAJFINSV
5,123
5,276
5,428
5,581
5,733
BPCL
247
252
260
265
273
BHARTIARTL
281
285
291
295
301
INFRATEL
256
261
267
273
279
CIPLA
618
629
636
647
654
COALINDIA
264
269
273
278
283
DRREDDY
2,289
2,372
2,424
2,507
2,559
EICHERMOT
19,976
20,531
21,356
21,911
22,736
GAIL
322
328
337
343
352
GRASIM
846
874
904
932
962
HCLTECH
1,028
1,048
1,064
1,084
1,099
HDFCBANK
1,910
1,925
1,945
1,960
1,980
HDFC
1,644
1,678
1,706
1,741
1,769
HEROMOTOCO
2,836
2,864
2,898
2,926
2,960
HINDALCO
214
219
224
229
233
HINDPETRO
162
167
174
179
186
HINDUNILVR
1,447
1,480
1,525
1,557
1,602
IBULHSGFIN
895
920
949
975
1,004
ICICIBANK
298
302
307
311
316
IOC
117
120
123
126
130
INDUSINDBK
1,577
1,592
1,606
1,621
1,635
INFY
695
706
714
726
734
ITC
263
266
271
273
278
JSW STEEL
354
363
372
381
390
KOTAKBANK
1,066
1,087
1,107
1,128
1,148
LT
1,204
1,212
1,224
1,233
1,245
M&M
747
756
769
778
791
MARUTI
6,488
6,594
6,767
6,873
7,046
NTPC
158
160
163
164
167
ONGC
142
144
148
151
154
POWERGRID
183
185
187
189
191
RELIANCE
1,056
1,073
1,098
1,115
1,140
SBIN
256
259
264
267
272
SUNPHARMA
589
599
608
619
628
TCS
2,030
2,061
2,084
2,115
2,139
TATAMOTORS
151
168
187
203
223
TATASTEEL
541
557
570
586
600
TECHM
683
690
697
704
712
TITAN
679
714
768
803
856
ULTRACEMCO
3,675
3,729
3,797
3,851
3,919
UPL
574
589
606
621
638
VEDANTA
198
205
211
218
223
WIPRO
308
315
319
326
330
YESBANK
216
220
227
231
238
ZEEL
407
420
427
440
448
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Technical & Derivatives Report
October 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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