Technical & Derivatives Report
October 11, 2018
Exhibit 1: Nifty Daily Chart
Sensex (34761) / Nifty (10460)
Yesterday, our markets opened with a decent upside gap despite
mixed global cues and in fact, the momentum got accelerated
right from the word go. Subsequently, a sustained buying was
being witnessed throughout the session to eventually conclude
the session with whopping gains over one and half a percent.
Technically speaking, index has been gyrating around its key
support levels and since the overall market was so deeply
oversold, a bounce back was very much on cards. Market set the
platform in last two days by threatening traders to go long at
lower levels and hence, conditions became conducive to give
such kind of sharp relief move. This is what we had anticipated in
our previous article that market is setting itself up for such kind of
move. With yesterday’s gigantic move, the ideal situation would
have been to see the extension of this bounce back; but the kind
of mayhem US markets saw last night, the SGX Nifty is now
indicating a gap down with a massive cut. Hence, traders need to
keep a close eye on how index behaves around the 10200 mark
now. It’s advisable to stay light on positions and traders should
ideally refrain from creating fresh shorts after such a huge gap
down.
Key Levels
Support 1 - 10280
Resistance 1 -
10400
Support 2 - 10200
Resistance 2 -
10460
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (25322)
After the recent sell-off in the banking space, it was a day of relief
for the bulls as the Nifty Bank index rallied by 800 points
yesterday. As we had mentioned in our yesterday's report, there
was a formation of a 'Wedge' pattern in the index on the hourly
chart. The index gave a breakout from the pattern in the first hour
of the trade itself which led to an up move in stocks within the
sector as well. Ideally, going with yesterday's momentum we
should have seen the continuation of this pullback rally, however,
looking at the deep cuts in global cues we are likely to see a huge
gap down opening. Traders are hence advised to keep positions
light as the volatility is likely to increase. As far as levels are
concerned 24750-24500 are the support levels to watch out.
Key Levels
Support 1 - 24750
Resistance 1 -
24960
Support 2 - 24500
Resistance 2 - 25060
www.angelbroking.com
Technical & Derivatives Report
October 11, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.64%
Bank Nifty futures open interest has increased by 28.27%
as market closed at 10461.10 levels.
The Nifty October future closed with a premium of 5.65
points against a premium of 13.35 points in last trading
session. The November series closed at a premium of
55.40 points.
The INDIA VIX has decreased from 19.75 to 17.90.
At the same time, the PCR-OI of Nifty has increased from
1.11 to 1.16.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, HCC, REPCOHOME, RCOM
and SUZLON.
Views
FIIs were net sellers in cash market segment to the tune
OI Gainers
of Rs. 1096 crores. At the same time, they sold worth
OI
PRICE
SCRIP
OI
PRICE
Rs. 1487 crores in index futures with rise in open interest,
CHG. (%)
CHG. (%)
indicating fresh short formation in previous trading
RAMCOCEM
1009600
15.67
601.95
-0.58
session.
REPCOHOME
587700
12.78
385.70
5.31
In options front, they bought of Rs. 1149 crores with
KSCL
1176000
11.52
507.60
5.67
marginal change in open interest. As far as Nifty options
JUSTDIAL
3059000
11.42
478.75
10.44
activities are considered, we hardly any saw fresh
NBCC
22380000
10.03
54.95
4.44
build-up in call options; however, decent unwinding took
NCC
48640000
8.73
73.70
5.71
place in 10400-11000 strikes. On the flip side, 10400
SHREECEM
110200
8.46
15541.60
-1.60
put added some positions along with good amount of
MFSL
2470800
8.31
379.05
1.00
unwinding in
10500-10700 strikes. Maximum open
interest for October series now stood at 11000 followed
by
10800 call and 10000 followed by
10500 put
OI Losers
options.
OI
PRICE
SCRIP
OI
PRICE
Finally we saw some respite in market; index surpassed
CHG. (%)
CHG. (%)
L&TFH
29632500
-15.66
134.15
8.56
the hurdle around 10400 mark to conclude the session
PEL
3232306
-11.79
2400.65
10.89
with 1.54% gains. Despite strong upmove, we hardly say
ACC
1157200
-11.39
1463.65
-0.02
any meaningful open interest addition in Nifty and at the
BALKRISIND
1984800
-10.08
1041.50
5.88
same time the premiums too plunged from 13.35 to
5.65, which don’t bode well for Bull’s. However, huge
VOLTAS
3555000
-9.70
515.55
6.53
long formation took place in case of banking index. As
CHOLAFIN
906500
-9.30
1165.05
8.47
indicated by the global market, we may start today’s
BAJAJFINSV
697125
-9.24
5961.50
9.49
session with a decent cut; hence, traders are advised to
EXIDEIND
5060000
-8.40
256.70
5.79
stay light in index and adopt stock specific approach.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ADANIPOWER
137.87
NIFTY
1.16
0.80
BAJAJFINSV
59.42
BANKNIFTY
1.34
0.87
ARVIND
65.20
RELIANCE
0.48
0.62
SRTRANSFIN
87.96
ICICIBANK
0.65
0.54
ZEEL
44.80
INFY
0.82
0.74
www.angelbroking.com
Technical & Derivatives Report
October 11, 2018
FII Statistics for October 10, 2018
Turnover on October 10, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3932.18
5418.93
(1486.76)
289344
22881.91
7.33
336613
29795.16
17.42
FUTURES
FUTURES
INDEX
INDEX
146803.11
145654.49
1148.62
946339
77329.66
0.12
11009522
1057635.53
79.26
OPTIONS
OPTIONS
STOCK
18542.87
16263.06
2279.82
1288255
84500.65
(0.65)
STOCK
FUTURES
1023932
63051.75
9.44
FUTURES
STOCK
STOCK
7009.78
7106.54
(96.76)
114659
7404.82
8.79
653105
43762.33
9.46
OPTIONS
OPTIONS
Total
176287.94
174443.02
1844.92
2638597
192117.04
0.83
TOTAL
13023172
1194244.77
67.50
Nifty Spot = 10460.10
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10400
179.45
Buy
10400
118.20
57.10
42.90
10457.10
30.65
69.35
10369.35
Sell
10500
122.35
Sell
10300
87.55
Buy
10400
179.45
Buy
10400
118.20
101.65
98.35
10501.65
53.10
146.90
10346.90
Sell
10600
77.80
Sell
10200
65.10
Buy
10500
122.35
Buy
10300
87.55
44.55
55.45
10544.55
22.45
77.55
10277.55
Sell
10600
77.80
Sell
10200
65.10
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
www.angelbroking.com
Technical & Derivatives Report
October 11, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
308
318
325
335
342
ASIANPAINT
1,156
1,191
1,216
1,251
1,276
AXISBANK
540
564
578
602
616
BAJAJ-AUTO
2,516
2,549
2,589
2,622
2,662
BAJFINANCE
2,020
2,145
2,226
2,351
2,431
BAJAJFINSV
5,218
5,590
5,802
6,174
6,386
BPCL
247
256
265
274
283
BHARTIARTL
275
285
294
305
314
INFRATEL
244
251
264
271
283
CIPLA
624
632
641
649
659
COALINDIA
267
270
273
276
280
DRREDDY
2,427
2,456
2,485
2,514
2,543
EICHERMOT
20,757
21,670
22,240
23,152
23,723
GAIL
326
331
336
341
346
GRASIM
884
897
906
919
928
HCLTECH
1,027
1,039
1,051
1,064
1,076
HDFCBANK
1,915
1,941
1,962
1,988
2,008
HDFC
1,689
1,713
1,741
1,764
1,792
HEROMOTOCO
2,855
2,887
2,941
2,973
3,026
HINDALCO
220
224
226
229
232
HINDPETRO
166
173
179
187
193
HINDUNILVR
1,468
1,498
1,520
1,550
1,573
IBULHSGFIN
927
953
971
996
1,015
ICICIBANK
297
309
316
327
334
IOC
119
121
125
127
131
INDUSINDBK
1,574
1,606
1,636
1,668
1,699
INFY
681
691
705
715
730
ITC
266
268
269
272
273
JSW STEEL
366
371
377
383
388
KOTAKBANK
1,098
1,118
1,132
1,152
1,167
LT
1,205
1,228
1,247
1,270
1,289
M&M
740
752
763
776
787
MARUTI
6,593
6,789
6,920
7,116
7,246
NTPC
159
162
164
167
169
ONGC
143
146
149
151
154
POWERGRID
185
186
187
189
190
RELIANCE
1,069
1,086
1,101
1,117
1,132
SBIN
254
266
273
286
293
SUNPHARMA
579
591
605
617
632
TCS
1,983
2,013
2,060
2,090
2,136
TATAMOTORS
182
186
188
191
194
TATASTEEL
567
575
582
590
596
TECHM
679
689
701
712
724
TITAN
719
754
775
810
831
ULTRACEMCO
3,673
3,726
3,777
3,830
3,881
UPL
597
610
617
630
637
VEDANTA
210
214
217
221
225
WIPRO
305
310
316
321
326
YESBANK
213
223
230
241
248
ZEEL
422
441
453
472
484
www.angelbroking.com
Technical & Derivatives Report
October 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]
DISCLAIMER
Angel Broking Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited, Bombay
Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL and
Portfolio Manager and Investment Adviser with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking
Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration
number INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for
accessing /dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed
public offering of securities of the company cove*ed by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Limited has not independently verified all the information contained within this document. Accordingly, we cannot testify,
nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While
Angel Broking Limited endeavors to update on a reasonable basis the information discussed in this material, there may be regulatory,
compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in
connection with the use of this information.
www.angelbroking.com