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Technical
& Derivatives Report
December 10, 2019
Sensex (40487) / Nifty (11937)
The Nifty index started the week on a flat note and then
corrected in the initial 15 minutes of trade. However, the
support of 11883 played its role and the index rebounded
from its morning lows. The index then consolidated in a
range for the rest of the session and ended the day with
marginal gains at 11937.
The Nifty had consolidated in a range yesterday while a stock
specifc momentum was seen in the broader markets. The
immediate support range of the index is placed in the range
of 11883-11850 and even yesterday we witnessed a pullback
from the mentioned support. For today's session too, 11883-
11850 will be seen as immediate support while the resistance
is seen around the 12000 mark. A breakout beyond this
range could then lead to some directional move in the
direction of the breakout and hence, traders are advised to
keep a tab on these given levels.
Key Levels
Support 1 – 11883 Resistance 1 – 12000
Support 2 – 11850 Resistance 2 – 12060
Exhibit 1: Nifty
Daily
Chart
Nifty Bank Outlook - (31317)
The BankNifty too consolidated in a narrow range yesterday
and ended the session on a flat note. Post a correction in the
initial few minutes post opening, the index managed to find
support near its hourly ' 200 SMA' which is placed around
31100. For today's session, 31100 is the immediate support
wheres resistance is seen around 31500-31600. A move
beyond these levels could lead to some directional move.
Traders are advsed to trade with a stock specifc approach and
trade with proper risk management strategy.
Key Levels
Support 1 – 31100 Resistance 1 – 31500
Support 2 – 31050 Resistance 2 – 31650
Exhibit 2: Nifty Bank
Daily
Chart
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Technical & Derivatives Report
December 10, 2019
Nif
ty Vs OI
Views
We began the week with no major triggers and almost
flat. During the day, index traded in a range to
conclude the session with a marginal gains
FIIs were net buyers in the cash market segment to the
tune of Rs. 459 crores. In index futures, their overall
activity remained muted.
Despite decent sell-off seen last week, we haven’t seen
any major short formation in index future segment.
Yesterday, we saw some unwinding in both nIfty as
well as BankNifty. Interestingly, the highest open
interest concentration is now placed in 12000 strike (
monthly series) of both call and put options.
Historically, it has been our observation that such
concentration in the same strike has attracted a big
swing in either direction. Hence, we would advise
traders to wait for fresh open interest development
before initiating any fresh directional positions in
index.
Comments
The Nifty futures open interest has decreased by 0.60%
Bank Nifty futures open interest has decreased 8.53% as
market closed at 11937.50 levels.
The Nifty December future closed with a premium of
29.20 points against a premium of 29.30 points in last
trading session. The January series closed at a premium
of 73.05 points.
The INDIA VIX has increased from 13.64 to 14.59.
At the same time, the PCR-OI of Nifty has increased
from 1.25 to 1.32.
Few of the liquid counters where we have seen high cost
of carry are TATAPOWER, TATAMTRDVR, SAIL,
MANAPPURAM and NMDC.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
UJJIVAN 8134200 8.06 347.00 -1.82
TATAELXSI 1188600 7.60 856.95 0.83
CIPLA 13607000 6.85 447.90 -1.42
JUSTDIAL 2268000 4.79 566.75 -0.61
MANAPPURAM 16272000 4.59 158.10 0.09
BHEL 57277200 4.57 46.00 -1.28
NMDC 17850000 4.53 109.35 -0.59
APOLLOHOSP 1385500 3.98 1411.80 -3.54
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
TORNTPHARM 287500 -10.58 1866.70 1.09
BANKNIFTY 1401260 -8.24 31316.65 -0.07
JINDALSTEL 28392800 -8.15 143.15 2.32
IDEA 471436000 -7.27 6.50 -6.47
CHOLAFIN 3085000 -7.15 306.20 2.06
SAIL 76435900 -5.67 39.40 3.13
LICHSGFIN 8850200 -5.37 433.40 1.59
CUMMINSIND 1622100 -4.76 527.10 1.12
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.32 0.90
BANKNIFTY 0.78 0.92
RELIANCE 0.78 0.69
ICICIBANK 0.81 0.79
INFY 0.50 0.58
Historical Volatility
SCRIP HV
TCS 30.97
APOLLOHOSP 38.72
HDFC 25.67
HCLTECH 19.22
M&MFIN 41.63
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Technical & Derivatives Report
December 10, 2019
Note: Above mentioned Bullish or Bearish Spreads in Nifty (December Series) are given as an information and not as a recommendation.
Nifty Spot
=
11937.50
Lot Size = 75
FII Statistics for
December
09, 2019
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
2214.58 2199.28 15.30
155924 13126.06 (0.35)
INDEX
OPTIONS
214062.00 213378.95 683.05
562575 47195.38 (2.16)
STOCK
FUTURES
11223.66 10556.40 667.26
1585461 93989.67 (0.38)
STOCK
OPTIONS
3887.30 3863.64 23.66
58671 3359.91 2.41
Total 231387.54
229998.27
1389.27
2362631
157671.02
(0.74)
Turnover on
December
09
, 2019
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
255232 18782.10 -22.91
INDEX
OPTIONS
12557258 893560.91 0.94
STOCK
FUTURES
691496 39216.16 -15.30
STOCK
OPTIONS
634429 39893.08 -16.41
TOTAL 1,41,38,415 991452.25 -1.21
Bull
-
Call Spreads
Action Strike Price Risk Reward BEP
Buy 11900 167.65
55.05 44.95 11955.05
Sell 12000 112.60
Buy 11900 167.65
98.95 101.05 11998.95
Sell 12100 68.70
Buy 12000 112.60
43.90 56.10 12043.90
Sell 12100 68.70
Bear
-
Put Spreads
Action Strike Price Risk Reward BEP
Buy 11900 102.95
31.75 68.25 11868.25
Sell 11800 71.20
Buy 11900 102.95
55.15 144.85 11844.85
Sell 11700 47.80
Buy 11800 71.20
23.40 76.60 11776.60
Sell 11700 47.80
Nifty Put
-
Call Analysis
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Technical & Derivatives Report
December 10, 2019
Daily Pivot Levels for Nifty Constituents
Scrips S2 S1
PIVOT
R1
R2
ADANIPORTS 359 367
372 379
385
ASIANPAINT 1,702 1,714
1,723 1,736 1,745
AXISBANK 701 717
725 741
749
BAJAJ-AUTO 3,185 3,205
3,223 3,243 3,260
BAJFINANCE 3,841 3,893
3,932 3,984 4,023
BAJAJFINSV 8,741 8,835
8,915 9,009 9,089
BPCL 479 490
496 506
512
BHARTIARTL 436 441
446 451
456
INFRATEL 249 255
258 264
268
BRITANNIA 3,026 3,042
3,064 3,080 3,101
CIPLA 437 442
450 456
463
COALINDIA 189 191
192 193
195
DRREDDY 2,864 2,886
2,914 2,937 2,964
EICHERMOT 20,692 20,845
21,022 21,174 21,352
GAIL 114 115
116 118
119
GRASIM 756 761
768 773
779
HCLTECH 538 545
554 561
570
HDFCBANK 1,231 1,237
1,243 1,249 1,256
HDFC 2,240 2,276
2,296 2,331 2,351
HEROMOTOCO
2,343
2,363
2,379
2,398
2,414
HINDALCO 194 197
199 202
205
HINDUNILVR 1,970 1,989
2,010 2,030 2,051
ICICIBANK 519 523
526 530
533
IOC 123 124
125 126
127
INDUSINDBK 1,421 1,435
1,460 1,475 1,500
INFY 710 714
718 722
726
ITC 240 241
242 243
244
JSW STEEL 249 254
257 262
264
KOTAKBANK 1,642 1,651
1,665 1,673 1,687
LT 1,255 1,266
1,282 1,293 1,309
M&M 506 510
514 518
523
MARUTI 6,863 6,929
7,018 7,084 7,174
NESTLEIND 13,851 14,014
14,114 14,277 14,377
NTPC 111 112
112 113
114
ONGC 124 125
127 128
129
POWERGRID 184 186
187 189
191
RELIANCE 1,535 1,554
1,566 1,585 1,596
SBIN 307 312
320 325
333
SUNPHARMA 417 422
428 433
439
TCS 2,006 2,033
2,081 2,108 2,155
TATAMOTORS 156 158
162 165
169
TATASTEEL 397 402
407 412
417
TECHM 739 745
752 758
765
TITAN 1,156 1,167
1,177 1,187 1,197
ULTRACEMCO 4,084 4,118
4,155 4,189 4,226
UPL 552 558
566 572
580
VEDANTA 140 141
143 145
147
WIPRO 237 239
240 242
243
YESBANK 51 54
56 59 61
ZEEL 274 279
288 293
302
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Technical & Derivatives Report
December 10, 2019
*
Research Team Tel: 022
-
39357800
Website:
www.angelbroking.com
For Technical Queries E-mail: technicalresea[email protected]gelbroking.com
For Derivatives Queries E-mail: derivatives.[email protected]ngelbroking.com
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