Technical & Derivatives Report
December 11, 2018
Sensex (34960) / Nifty (10488)
Exhibit 1: Nifty Daily Chart
On the back of negative global cues and unfavorable
prediction for the BJP in the exit poll, our markets opened with
a decent cut of about 185 points. The index then traded in a
narrow range and ended the day tad below the 10500 mark.
It is a crucial day for our markets today as the outcome of the
recent state elections could have an impact on the near-term
direction for the Nifty and other indices. Also, the surprising
event post-market was the resignation by RBI governor Urjit
Patel and its adverse effect on SGX Nifty is indicating a gap
down opening for our markets. We will have to see our
markets react to both the above events during the entire
session. Technically, the index has ended yesterday's session in
the vicinity of the support range of 10440-10489. A breach
below this support zone would lead to a continuation of the
correction while any pullback move from this support could
mark an important low being formed. Since it is difficult to
predict which way the momentum would be in the next couple
of sessions, we advise traders to stay light and refer the given
levels for existing positions. On the higher side, the immediate
resistances for the index are seen around yesterday's gap area
of 10600, followed by 10750.
Key Levels
Support 1 - 10440
Resistance 1 -
10600
Support 2 - 10362
Resistance 2 -
10750
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (26103)
Along with the benchmark indices, the Nifty Bank index too
witnessed a gap down opening in yesterday's session. The
index then traded in a range and ended the day in its support
zone of 26150-25947. As mentioned above, today's move
could be crucial to determine the near-term direction of the
markets. Traders are advised to stay light and wait for the
clarity to emerge. As far as levels are concerned, the near
term supports are placed around 25947, followed by 25385
whereas resistances are seen around 26705 and 27037.
Key Levels
Support 1 - 25947
Resistance 1 -
26705
Support 2 - 25385
Resistance 2 -
27037
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Technical & Derivatives Report
December 11, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.25%.
Bank Nifty futures open interest has decreased by
18.78% as market closed at 10488.45 levels.
The Nifty December future closed with a premium of
26.25 points against a premium of 41.45 points in last
trading session. The January series closed at a premium
of 72.20 points.
The INDIA VIX has increased from 18.59 to 20.43.
At the same time, the PCR-OI of Nifty has decreased
from 1.47 to 1.30.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, JPASSOCIAT, SOUTHBANK,
ADANIPOWER and HAVELLS.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 116 crores. In index futures segment, they were
CHG. (%)
CHG. (%)
JETAIRWAYS
5145600
5.99
257.65
-7.43
sellers in index futures of Rs. 1012 crores with fall in
MRPL
4008000
5.84
71.00
-0.35
open interest, indicating long unwinding took place in
yesterday’s trading session.
GODREJIND
1491000
5.30
532.75
-1.94
In options front, they bought marginally with some rise in
KSCL
1153500
5.20
531.00
1.78
open interest. As far as Nifty options activities are
IGL
5483500
5.17
248.95
-0.04
considered,
10500-11000 call options added good
ADANIPOWER
178640000
5.00
48.95
-6.72
amount of fresh positions. On the flip side, we saw
BHEL
57615000
4.96
62.95
-4.52
decent build-up in OTM puts 9900-10200 put options.
TORNTPOWER
2352000
4.81
245.60
-4.67
Now, Maximum open interest for December series now
stands at 11000 call and 10000 put options.
We started-off the week with the downside gap mainly
OI Losers
due to the exit poll that didn’t have much to cheers the
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
BJP. Our market remained under pressure post opening
RAMCOCEM
619200
-8.62
582.20
-2.50
and tumbled below 10500 mark. However, we didn’t see
HEXAWARE
3613500
-8.37
317.45
0.36
any major short formation in index futures, decent
COALINDIA
50072000
-8.31
238.15
0.67
unwinding took place in Nifty as well as BankNifty. Today
NTPC
80796000
-7.55
136.20
-0.98
market may once again open with a decent cut on the
BEL
45269250
-7.49
77.65
-2.56
news flow of Urjit Patel resignation as an RBI Governor.
IOC
95847000
-7.36
134.35
2.47
As we also have final result for state election today
ALBK
16074000
-6.61
44.20
2.31
traders are advised being light in the market.
HDFCBANK
12045250
-6.29
2088.75
-0.68
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
KOTAKBANK
57.17
NIFTY
1.30
0.84
ULTRACEMCO
37.11
BANKNIFTY
1.00
0.84
RELIANCE
38.13
RELIANCE
0.57
0.66
ADANIENT
61.07
ICICIBANK
0.52
0.55
TATAGLOBAL
39.05
INFY
1.26
0.92
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Technical & Derivatives Report
December 11, 2018
FII Statistics for December 10, 2018
Turnover on December 10, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1852.21
2864.48
(1012.27)
343944
25767.30
(3.61)
256814
16935.97
-10.57
FUTURES
FUTURES
INDEX
INDEX
53184.51
53116.84
67.67
770203
55192.63
0.51
6287596
383709.70
22.48
OPTIONS
OPTIONS
STOCK
11548.34
12399.89
(851.55)
1474702
82265.30
0.08
STOCK
FUTURES
742064
42255.79
-19.58
FUTURES
STOCK
STOCK
6483.69
6634.05
(150.36)
128701
6898.98
8.79
606700
36907.24
-17.08
OPTIONS
OPTIONS
Total
73068.75
75015.26
(1946.51)
2717550
170124.20
0.10
TOTAL
74455
700968
11.77
Nifty Spot = 10488.45
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10500
197.55
Buy
10500
183.65
54.30
45.70
10554.30
37.95
62.05
10462.05
Sell
10600
143.25
Sell
10400
145.70
Buy
10500
197.55
Buy
10500
183.65
98.55
101.45
10598.55
70.20
129.80
10429.80
Sell
10700
99.00
Sell
10300
113.45
Buy
10600
143.25
Buy
10400
145.70
44.25
55.75
10644.25
32.25
67.75
10367.75
Sell
10700
99.00
Sell
10300
113.45
Note: Above mentioned Bullish or Bearish Spreads in Nifty (December Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
December 11, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
353
356
361
364
369
ASIANPAINT
1,237
1,256
1,281
1,300
1,325
AXISBANK
576
583
592
599
609
BAJAJ-AUTO
2,665
2,695
2,733
2,762
2,800
BAJFINANCE
2,346
2,371
2,407
2,432
2,469
BAJAJFINSV
5,522
5,608
5,698
5,784
5,874
BPCL
311
321
327
336
342
BHARTIARTL
285
290
296
301
307
INFRATEL
244
247
249
253
255
CIPLA
498
505
510
517
522
COALINDIA
224
231
235
242
246
DRREDDY
2,590
2,640
2,674
2,724
2,757
EICHERMOT
21,555
21,980
22,290
22,715
23,025
GAIL
323
327
333
337
342
GRASIM
770
780
788
798
806
HCLTECH
916
929
950
963
984
HDFCBANK
2,048
2,068
2,086
2,107
2,125
HDFC
1,877
1,892
1,916
1,931
1,955
HEROMOTOCO
2,982
3,014
3,037
3,069
3,092
HINDALCO
208
213
217
222
225
HINDPETRO
211
219
224
232
236
HINDUNILVR
1,775
1,786
1,800
1,811
1,825
IBULHSGFIN
667
677
690
700
714
ICICIBANK
341
344
347
349
352
IOC
124
129
133
138
141
INDUSINDBK
1,519
1,537
1,555
1,573
1,591
INFY
654
662
673
680
691
ITC
267
269
271
272
274
JSW STEEL
288
291
295
298
303
KOTAKBANK
1,124
1,161
1,225
1,263
1,327
LT
1,343
1,355
1,371
1,383
1,399
M&M
687
699
712
724
738
MARUTI
7,080
7,215
7,305
7,440
7,530
NTPC
132
134
137
139
141
ONGC
132
134
138
141
144
POWERGRID
174
177
179
182
185
RELIANCE
1,065
1,077
1,096
1,109
1,127
SBIN
267
271
274
277
280
SUNPHARMA
390
394
402
406
414
TCS
1,931
1,954
1,982
2,005
2,033
TATAMOTORS
154
156
158
160
162
TATASTEEL
491
497
503
509
516
TECHM
666
677
691
702
716
TITAN
889
898
907
916
925
ULTRACEMCO
3,688
3,732
3,806
3,851
3,924
UPL
730
738
748
757
767
VEDANTA
187
190
193
195
198
WIPRO
318
322
329
334
341
YESBANK
156
161
165
170
175
ZEEL
458
462
468
472
478
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Technical & Derivatives Report
December 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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