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Technical & Derivatives Report
October 11, 2019
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Sensex (
37880
(1
1235
)
Citing negative cues from the SGX Nifty, our indices opened
marginally negative in yesterday’s session. The Nifty then traded
in the range of 11200-11300 throughout the day and ended with
a loss of seven-tenths of a percent.
Post the sharp upmove seen in Wednesday’s session, the indices
retraced some of the gains yesterday. The Banking index which
had seen a sharp upmove of about 1000 points in the previous
session corrected sharply by about 800 points yesterday.
Certainly, the volatility in the index is high given the wild swings
that we have been witnessing since last couple of weeks.
However, during this week, the Nifty has given respect to the
confluence of support which was placed around 11100. Thus, till
this support is intact, we are hopeful of an upmove in near term
and hence, traders are advised to look for buying opportunities
with a stoploss placed below the swing low of 11090. On the
higher side, the immediate resistance for the index is seen around
11350-11400 and a move above the same could then lead to a
directional upmove going ahead.
Key Levels
Support 1 – 11150 Resistance 1 – 11350
Support 2 – 11090 Resistance 2 – 11400
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
28013
)
The BankNifty too opened gap down in yesterday's session and
traded with a negative bias throughout the day. Post the sharp
run up of about 1000 points in previous session, the index gave
up much of those gains and ended yesterday's session with a loss
of about 770 points.
In last few sessions, the Bank nifty has seen wild swings on both
the sides and the intraday range for the index has widended
significantly. However, during this week, the index seem to have
formed a support at the swing low of 27568 and till this support
is intact, there are hopes of a resumption of the positive
momentum. Thus, one should look for buying opportunity in such
dips with a stoploss below this swing low of 27568. The
immediate resistances for the index are seen around 28450 and
28850.
Key Levels
Support 1 – 28450 Resistance 1 – 29180
Support 2 – 28120 Resistance 2 – 29500
Exhibit 2: Nifty Bank Daily Chart
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Nifty Vs OI
Views
Post Thursday strong upmove, we began yesterday’s
session on a negative note. During the day, index
remained range bound and concluded the session with
a cut of 0.70%
FIIs were net sellers in the cash market segment to the
tune of Rs. 263 cr. In index futures, they sold worth
Rs. 685 crores with good amount of rise in open
interest, indicating fresh short formation in yesterday’s
session.
Since the last couple of sessions, 11150-11200 has
been acting as a sheet anchor. Yesterday, despite some
selling pressure index managed to sustain above
11200 mark. In Nifty options front, we saw fresh
writing in 11000-11200 put options; whereas, 11300
holds maximum OI concentration and shall act as an
immediate hurdle. At present, we would suggest
trading with a positive bias until index manages to
sustain above the mentioned support zone.
Comments
The Nifty futures open interest has decreased by 0.28%
Bank Nifty futures open interest has increased 11.48% as
market closed at 11234.55 levels.
The Nifty October future closed with a premium of 19.70
points against a premium of 34.40 points in last trading
session. The November series closed at a premium of
67.20 points.
The INDIA VIX has increased from 17.15 to 17.22.
At the same time, the PCR-OI of Nifty has decreased
from 1.20 to 1.00.
Few of the liquid counters where we have seen high cost
of carry are DRREDDY, GAIL, CHOLAFIN, HINDALCO
and MUTHOOTFIN.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
TORNTPHARM 494500 40.48 1688.30 0.21
NATIONALUM 67700000 31.81 42.15 -5.39
IBULHSGFIN 27031200 20.92 195.35 -18.27
JUSTDIAL 2940000 11.64 608.25 -2.92
BIOCON 12040200 7.68 240.15 3.08
INDUSINDBK 15922400 7.61 1228.50 -6.46
ICICIPRULI 6451500 7.58 446.55 -0.93
PFC 46531000 6.08 92.60 -2.26
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
NIITTECH 708000 -12.02 1361.10 -0.97
IDEA 547484000 -9.48 6.20 4.24
MFSL 2584800 -9.42 407.00 -2.56
IOC 44530500 -7.69 148.20 -0.30
SUNTV 3328000 -6.36 468.10 -0.72
UBL 1414000 -6.18 1281.45 0.39
INFRATEL 6434000 -6.16 256.90 0.65
MANAPPURAM 13188000 -6.07 138.55 -1.28
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.00 0.80
BANKNIFTY 0.65 0.62
RELIANCE 0.87 0.48
ICICIBANK 0.48 0.51
INFY 1.02 0.58
Historical Volatility
SCRIP HV
NATIONALUM 59.26
IBULHSGFIN 206.49
GAIL 37.70
BHARTIARTL 53.20
INDUSINDBK 77.94
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October 11, 2019
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Note: Above mentioned Bullish or Bearish Spreads in Nifty (October Series) are given as an information and not as a recommendation.
Nifty Spot
=
11
234.55
Lot Size = 75
FII Statistics for
October
10
, 2019
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
3629.11 4313.77 (684.66) 168240 13244.95 11.51
INDEX
OPTIONS
402790.87 398382.97 4407.90
639372 50541.69 (14.03)
STOCK
FUTURES
11723.98 11950.73 (226.75) 1549406 88493.24 0.64
STOCK
OPTIONS
4811.85 4904.28 (92.43) 71752 3880.16 6.15
Total 422955.81
419551.75
3404.06
2428770
156160.04
(2.91)
Turnover on
October
10
, 2019
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
391882 26068.29 -20.08
INDEX
OPTIONS
39273105 2453051.17 70.76
STOCK
FUTURES
826291 42398.62 -13.22
STOCK
OPTIONS
700742 38150.70 -4.80
TOTAL 4,11,92,020
2559668.78 64.28
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 11200 203.70
54.30 45.70 11254.30
Sell 11300 149.40
Buy 11200 203.70
97.05 102.95 11297.05
Sell 11400 106.65
Buy 11300 149.40
42.75 57.25 11342.75
Sell 11400 106.65
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 11200 151.95
36.40 63.60 11163.60
Sell 11100 115.55
Buy 11200 151.95
64.10 135.90 11135.90
Sell 11000 87.85
Buy 11100 115.55
27.70 72.30 11072.30
Sell 11000 87.85
Nifty Put-Call Analysis
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Da
ily
Pivot
Levels for
Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 393 396
399 402 405
ASIANPAINT 1,740 1,759
1,776 1,796 1,813
AXISBANK 655 664
674 683 693
BAJAJ-AUTO 2,827 2,857
2,894 2,924 2,961
BAJFINANCE 3,881 3,915
3,965 3,999 4,049
BAJAJFINSV 8,071 8,136
8,241 8,306 8,411
BPCL 479 485
489 495 499
BHARTIARTL 352 365
375 388 398
INFRATEL 244 250
258 264 272
BRITANNIA 2,973 3,006
3,033 3,066 3,093
CIPLA 414 418
423 427 431
COALINDIA 183 184
185 186 187
DRREDDY 2,583 2,608
2,637 2,663 2,692
EICHERMOT 17,690 17,871
18,033 18,214 18,376
GAIL 123 125
129 131 134
GRASIM 654 675
701 722 748
HCLTECH 1,032 1,048
1,057 1,073 1,082
HDFCBANK 1,179 1,190
1,208 1,219 1,237
HDFC 1,957 1,973
1,986 2,002 2,015
HEROMOTOCO 2,552 2,577
2,606 2,631 2,660
HINDALCO 179 181
183 185 187
HINDUNILVR 1,915 1,942
1,962 1,989 2,009
ICICIBANK 414 419
425 430 436
IOC 145 147
148 150 151
INDUSINDBK 1,156 1,192
1,257 1,293 1,358
INFY 767 775
785 793 803
ITC 240 241
245 246 250
JSW STEEL 207 210
213 216 218
KOTAKBANK 1,546 1,565
1,586 1,606 1,627
LT 1,396 1,411
1,421 1,436 1,446
M&M 550 558
567 575 584
MARUTI 6,451 6,528
6,635 6,712 6,819
NESTLEIND 13,609 13,714
13,786 13,891 13,963
NTPC 116 117
117 118 118
ONGC 124 125
126 127 128
POWERGRID 195 197
198 200 202
RELIANCE 1,303 1,333
1,351 1,381 1,399
SBIN 250 252
255 257 260
SUNPHARMA 374 381
385 392 396
TCS 1,972 1,988
2,014 2,030 2,055
TATAMOTORS 114 115
118 119 121
TATASTEEL 324 327
331 334 337
TECHM 696 704
711 719 727
TITAN 1,210 1,222
1,232 1,245 1,255
ULTRACEMCO 3,868 3,922
4,001 4,055 4,134
UPL 568 576
582 590 596
VEDANTA 137 139
142 144 147
WIPRO 234 237
238 241 242
YESBANK 39 40
41 42 44
ZEEL 239 242
245 248 251
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October 11, 2019
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*
Research Team Tel: 022
-
39357800
Website:
www.ange
lbroking.com
For Technical Queries E-mail: technicalresearch[email protected]gelbroking.com
For Derivatives Queries E-mail: derivatives.[email protected]angelbroking.com
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