Technical & Derivatives Report
January 11, 2018
Sensex (34433) / Nifty (10632)
Exhibit 1: Nifty Daily Chart
The action packed day eventually concluded with a negligible cut
around its previous day’s close tad below the 10650 mark. It
sounds strange when we see overall intraday trading range for
the benchmark index; but, look at what ‘IT’ index has done
yesterday. We saw a mesmerizing rally across all ‘IT’ counters
post the midsession. And clearly the shining star was ‘TCS’ as we
saw this heavyweight clocking decent gains of nearly 4% to close
at record highs one day ahead of its 3QFY2018 earnings.
As far as Nifty is concerned, it has once again precisely respected
our mentioned trading range of 10660 - 10588. Clearly, there
was some sort of index balancing seen during the mid session as
we saw IT space zooming to a great extent and on the other
hand, banking conglomerates along with some other
heavyweights remained subdued. Due to yesterday’s price action,
the daily chart exhibits yet another narrow range candle;
indicating exhaustion in benchmarks. We reiterate that traders
should remain light on index and keep a close watch of this
trading range (10660 - 10588). We just highlighted how ‘IT’
pack showed some interesting move and hence, this pocket
remains in focus along with very few selective midcaps for the
coming session. On the other hand, we are seeing early signs of
tiredness in the ‘Metal’ space after a relentless run. Short term
traders should look to lighten up their longs especially in names
like, Vedanta, Tata Steel and Hindalco. Also, the overall chart
structure for Voltas and Bajaj Auto seems a bit distorted on
shorter time frame.
Key Levels
Support 1 - 10603
Resistance 1 - 10650
Support 2 - 10588
Resistance 2 - 10660
Nifty Bank Outlook - (25617)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened on a flat note yesterday and traded
with a negative bias during the session. The index ended the day
with a loss of 0.34 percent over its previous session's close.
Since last few days, we have been highlighting the importance of
the resistance zone of 25780-25800 as only a breakout above
the same will bring some directional move in the Nifty Bank
index. As mentioned above, while the 'IT' pack was seen in
momentum yesterday, the 'Banking' stocks continued the
underperformance. Hence, we continue with our advice for
traders to focus on stock specific moves and take a directional bet
on the index only above 25800. The intraday supports for the
Nifty Bank index are placed around 25525 and 25420 whereas
resistances are seen around 25630 and 25800.
Key Levels
Support 1 - 25525
Resistance 1 - 25630
Support 2 - 25420
Resistance 2 - 25800
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Technical & Derivatives Report
January 11, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.35%
BankNifty futures open interest has decreased by 8.10%
as market closed at 10632.20 levels.
The Nifty January future closed with a premium of 4.85
points against a premium of 9.90 points in last trading
session. The February series closed at a premium of
24.55 points.
The INDIA VIX has increased from 13.84 to 14.03. At the
same time, the PCR-OI of Nifty has decreased from 1.67
to 1.66 level.
Few of the liquid counters where we have seen high cost
of carry are IFCI, IDFCBANK, JINDALSTEL, RCOM and
REPCOHOME.
Views
OI Gainers
FIIs were net sellers in both cash market segment and
OI
PRICE
SCRIP
OI
PRICE
index futures. They sold equities of worth Rs. 572 crores.
CHG. (%)
CHG. (%)
At the same time, they were seller of Rs. 242 crores in
NIITTECH
1108500
39.70
721.60
4.44
index futures with marginal change in OI, indicating
NMDC
44934000
26.52
156.10
0.97
some profit booking in previous trading session.
PAGEIND
53100
20.27
22805.70
-5.43
On options front, they were marginal buyers with rise in
BERGEPAINT
2901800
18.94
263.10
-2.30
OI. In call options, 10700 strike added good amount of
HAVELLS
4524000
17.20
549.90
-0.50
fresh positions; followed by unwinding in 10800 strike.
MUTHOOTFIN
2283000
16.54
458.00
-3.38
On the flip side, we saw OI addition in 10500-10700
ZEEL
8282300
16.01
583.40
0.08
put options along with some unwinding in 10300-10400
BANKINDIA
21672000
15.03
165.30
-3.22
strikes. Maximum concentration of OI now stood at
10700 call and 10500 put options.
Post some consolidation in the initial part, the index
OI Losers
recovered to conclude the session once again above
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
10600 mark. Yesterday, we hardly saw any meaningful
ARVIND
6850000
-10.90
465.80
-0.18
activity in F&O segment; especially from FIIs desk. In
GRASIM
3321750
-7.69
1236.50
-0.49
options segment, we saw maximum open interest in put
GLENMARK
7467300
-6.36
617.25
2.21
option shifting higher to 10500, which is a positive
KAJARIACER
1350400
-5.38
750.75
-0.55
indication. Whereas, highest build-up is now seen in
RELCAPITAL
14388000
-5.16
600.85
-0.87
10700; this suggests 10500-10700 is going to be a
JISLJALEQS
44469000
-4.98
133.50
1.48
trading range now. We would advise traders to stay light
SREINFRA
19915000
-4.14
106.10
-0.98
in index and opt for stock specific picks as they have
better risk reward ratio.
IDBI
27940000
-3.89
62.10
-2.13
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.66
1.31
CONCOR
38.93
BANKNIFTY
0.85
0.72
TCS
27.24
RELIANCE
0.47
0.33
ICIL
55.21
TATAMOTORS
0.41
0.32
TATAELXSI
34.04
SUNPHARMA
0.65
0.45
PAGEIND
46.92
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Technical & Derivatives Report
January 11, 2018
FII Statistics for January 10, 2018
Turnover on January 10, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1183.77
1425.46
(241.69)
221760
18158.99
(0.56)
147473
12880.49
11.96
FUTURES
FUTURES
INDEX
INDEX
49198.98
49108.94
90.04
837146
68788.01
2.66
5047792
485642.29
38.45
OPTIONS
OPTIONS
STOCK
9233.75
8915.85
317.89
956134
71836.00
0.50
STOCK
FUTURES
734774
58083.29
-8.11
FUTURES
STOCK
STOCK
6932.85
6930.79
2.06
93094
7350.31
6.18
490942
39466.27
-6.93
OPTIONS
OPTIONS
Total
66549.35
66381.05
168.31
2108134
166133.31
1.47
TOTAL
6420981
596072.34
27.39
Nifty Spot = 10632.20
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10600
111.65
Buy
10600
82.25
54.35
45.65
10654.35
27.85
72.15
10572.15
Sell
10700
57.30
Sell
10500
54.40
Buy
10600
111.65
Buy
10600
82.25
87.15
112.85
10687.15
46.45
153.55
10553.55
Sell
10800
24.50
Sell
10400
35.80
Buy
10700
57.30
Buy
10500
54.40
32.80
67.20
10732.80
18.60
81.40
10481.40
Sell
10800
24.50
Sell
10400
35.80
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 11, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
414
419
423
428
433
AMBUJACEM
271
274
276
278
280
ASIANPAINT
1,161
1,169
1,179
1,187
1,197
AUROPHARMA
664
669
674
678
683
AXISBANK
557
560
563
566
570
BAJAJ-AUTO
3,176
3,192
3,216
3,232
3,256
BAJFINANCE
1,779
1,790
1,806
1,817
1,833
BPCL
491
492
495
497
500
BHARTIARTL
496
501
509
515
523
INFRATEL
361
366
369
374
378
BOSCHLTD
19,563
19,687
19,824
19,948
20,085
CIPLA
608
614
619
625
630
COALINDIA
303
306
308
310
313
DRREDDY
2,387
2,407
2,439
2,459
2,491
EICHERMOT
27,566
27,832
28,266
28,532
28,966
GAIL
486
491
499
504
512
HCLTECH
881
899
908
926
935
HDFCBANK
1,853
1,858
1,863
1,869
1,874
HDFC
1,711
1,719
1,729
1,737
1,747
HEROMOTOCO
3,711
3,724
3,738
3,751
3,766
HINDALCO
261
265
271
275
281
HINDPETRO
407
416
422
431
437
HINDUNILVR
1,349
1,357
1,364
1,372
1,379
IBULHSGFIN
1,180
1,192
1,207
1,220
1,235
ICICIBANK
309
311
312
313
314
IOC
383
386
391
394
399
INDUSINDBK
1,698
1,716
1,729
1,747
1,761
INFY
1,024
1,038
1,047
1,061
1,070
ITC
266
268
271
273
276
KOTAKBANK
995
998
1,004
1,008
1,013
LT
1,307
1,315
1,326
1,334
1,345
LUPIN
907
916
925
934
943
M&M
749
754
760
765
770
MARUTI
9,243
9,310
9,382
9,449
9,521
NTPC
171
173
175
176
178
ONGC
196
197
198
200
201
POWERGRID
197
198
200
202
203
RELIANCE
930
936
942
948
954
SBIN
296
299
302
305
308
SUNPHARMA
574
580
587
592
599
TCS
2,651
2,729
2,772
2,850
2,894
TATAMOTORS
427
430
435
438
443
TATASTEEL
757
765
771
779
785
TECHM
530
536
540
546
550
ULTRACEMCO
4,351
4,377
4,403
4,429
4,454
UPL
762
771
782
791
802
VEDANTA
327
331
337
341
348
WIPRO
310
319
323
331
336
YESBANK
332
336
339
343
346
ZEEL
575
578
582
585
590
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Technical & Derivatives Report
January 11, 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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