Technical & Derivatives Report
January 12, 2018
Sensex (34503) / Nifty (10651)
Exhibit 1: Nifty Daily Chart
Yet another lethargic day for our market concluded with
individual stocks moving on their own. However, unlike previous
couple of days, yesterday we saw Nifty trading with a positive bias
for the major part to eventually register a new close at the 10650
mark. There was no specific pocket stood out or had an eye
catching move; in fact, the day belongs to some random stocks in
either direction.
For the third consecutive day, we saw index gyrating within the
mentioned range of
10660
-
10588. When index starts
respecting particular levels on multiple occasions, we tend to see
volatility increasing soon along with the higher probability of
breaking out from the congestion zone in either direction.
Having said that looking at the sheer underperformance from the
banking space, we expect benchmarks to find some profit
booking at higher levels and hence, we do not expect the similar
kind of force to get in if index manages to surpass the upper
range. Thus, traders need to keep a close eye on this possibility
and should rather position themselves accordingly. In our
previous article, we had highlighted about the strong move seen
in ‘IT’ conglomerates. Yesterday, ‘TCS’ remained muted after a
decent rally but its other heavyweight peers like ‘Infy’ and ‘Tech
Mahindra’ witnessed some catch up rally. Also, very much on
expected lines, the ‘Metal’ pack is showing some fatigue and
hence, one needs to keep booking profits in names like, Vedanta,
Tata Steel and Hindalco.
Key Levels
Support 1 - 10603
Resistance 1 - 10660
Support 2 - 10588
Resistance 2 - 10700
Nifty Bank Outlook - (25661)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank consolidated in a narrow range in yesterday's
session and ended the day with marginal gains. While the index is
still in a consolidation phase, there has been more stock specific
momentum within this sector. Yesterday's outperformer amongst
the banking sector was 'IDFC Bank' which rallied by more than
8%, and has given returns of more than 25% in this month on the
back of its merger talks with 'Capital First'. Such stock specific
momentum is expected to continue owing to the outcome of the
Q3 results also. Hence, we continue with our advice for traders to
take a stock specific approach till the index trades below the
resistance of 25800. The intraday supports for the Nifty Bank
index are placed around 25525 and 25420 whereas resistance is
seen around 25780- 25800.
Key Levels
Support 1 - 25525
Resistance 1 - 25780
Support 2 - 25420
Resistance 2 - 25800
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Technical & Derivatives Report
January 12, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.65%
BankNifty futures open interest has decreased by 1.09%
as market closed at 10651.20 levels.
The Nifty January future closed with a premium of 4.85
points against a premium of 2.85 points in last trading
session. The February series closed at a premium of
26.25 points.
The INDIA VIX has decreased from 14.03 to 14.01. At
the same time, the PCR-OI of Nifty has increased from
1.67 to 1.75 level.
Few of the liquid counters where we have seen high cost
of carry are RCOM, RPOWER, IDFC, IFCI and MCX.
Views
OI Gainers
FIIs were net sellers in both cash market segment and
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
index futures. They sold equities of worth Rs. 624 crores.
JINDALSTEL
31356000
18.87
268.30
1.46
At the same time, they were seller of Rs. 1186 crores in
SHREECEM
48900
16.71
19617.10
0.40
index futures with fall in OI, indicating some profit
GRANULES
18750000
13.50
147.60
4.79
booking in previous trading session.
MARICO
5189600
12.90
317.90
-1.27
On options front, they were buyers of Rs. 1363 crores
ZEEL
9318400
12.51
582.75
-0.11
with rise in OI. In call options, 10900 strike added fresh
UNIONBANK
29052000
11.53
139.45
-1.86
positions; followed by unwinding in
10600-10700
ADANIPORTS
18477500
11.24
427.45
0.46
strikes. On the flip side, we saw OI addition in 10500-
BALKRISIND
1545600
10.53
1163.50
-0.63
10700 put options along with some unwinding in 10200
strike. Maximum concentration of OI now stood at
11000 call and 10500 put options.
OI Losers
Despite market hits a fresh record high, stronger hand
OI
PRICE
preferred unwinding some of their longs in index futures.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
At the same time, they formed longs in stock futures
RBLBANK
6653000
-20.70
534.95
0.56
segment and formed shorts in index put options, which is
ARVIND
6282000
-8.29
472.95
1.53
a positive indication. Looking at writing that took place in
GLENMARK
7029000
-5.87
627.55
1.67
10600 put options, we believe base is shifting higher;
SIEMENS
877000
-5.50
1293.05
0.03
whereas, unwinding in 10600 and 10700 call options,
JETAIRWAYS
6914400
-5.39
841.10
-0.49
hits traders are now expecting market to head above
DIVISLAB
2893600
-5.31
1103.80
1.79
10700 mark. Thus, traders should avoid forming any
BERGEPAINT
2750000
-5.23
268.45
2.03
bearish bets as we may see continuation of the ongoing
ICIL
9700000
-4.43
135.20
0.60
move.
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.75
1.51
GODREJIND
27.55
BANKNIFTY
1.05
0.80
FORTIS
67.24
TATAMOTORS
0.40
0.36
IDFCBANK
63.01
RELIANCE
0.46
0.38
GODFRYPHLP
26.59
SBIN
0.41
0.46
CAPF
42.80
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Technical & Derivatives Report
January 12, 2018
FII Statistics for January 11, 2018
Turnover on January 11, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1364.01
2550.35
(1186.35)
210724
17231.70
(4.98)
162941
14374.31
11.60
FUTURES
FUTURES
INDEX
INDEX
77515.62
76152.80
1362.82
868285
71026.77
3.72
9253138
912407.44
87.88
OPTIONS
OPTIONS
STOCK
8477.41
8324.67
152.74
964664
72580.18
0.89
STOCK
FUTURES
704743
54677.26
-5.86
FUTURES
STOCK
STOCK
6434.83
6473.92
(39.09)
100768
7887.32
8.24
505293
38800.55
-1.69
OPTIONS
OPTIONS
Total
93791.87
93501.74
290.13
2144441
168725.96
1.72
TOTAL
10626115
1020259.56
71.16
Nifty Spot = 10651.20
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
61.55
Buy
10600
70.15
35.45
64.55
10735.45
25.35
74.65
10574.65
Sell
10800
26.10
Sell
10500
44.80
Buy
10700
61.55
Buy
10600
70.15
52.30
147.70
10752.30
41.25
158.75
10558.75
Sell
10900
9.25
Sell
10400
28.90
Buy
10800
26.10
Buy
10500
44.80
16.85
83.15
10816.85
15.90
84.10
10484.10
Sell
10900
9.25
Sell
10400
28.90
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 12, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
416
421
426
430
435
AMBUJACEM
266
269
274
277
282
ASIANPAINT
1,163
1,176
1,183
1,196
1,203
AUROPHARMA
662
668
675
681
688
AXISBANK
549
554
558
563
568
BAJAJ-AUTO
3,158
3,176
3,198
3,216
3,238
BAJFINANCE
1,759
1,770
1,784
1,795
1,809
BPCL
486
489
492
495
498
BHARTIARTL
498
506
512
520
525
INFRATEL
361
366
369
373
377
BOSCHLTD
19,548
19,752
19,936
20,139
20,324
CIPLA
604
608
613
618
623
COALINDIA
300
304
307
311
314
DRREDDY
2,398
2,412
2,431
2,445
2,464
EICHERMOT
27,559
28,002
28,263
28,706
28,968
GAIL
491
493
496
498
500
HCLTECH
902
909
917
924
932
HDFCBANK
1,849
1,861
1,868
1,880
1,888
HDFC
1,717
1,730
1,738
1,751
1,758
HEROMOTOCO
3,677
3,696
3,720
3,739
3,763
HINDALCO
264
266
269
270
273
HINDPETRO
415
418
421
424
427
HINDUNILVR
1,347
1,364
1,373
1,390
1,399
IBULHSGFIN
1,184
1,206
1,224
1,246
1,263
ICICIBANK
306
308
310
312
314
IOC
385
387
390
392
394
INDUSINDBK
1,645
1,673
1,712
1,740
1,779
INFY
1,043
1,060
1,071
1,088
1,100
ITC
267
268
270
271
273
KOTAKBANK
993
1,006
1,013
1,026
1,033
LT
1,307
1,315
1,321
1,329
1,335
LUPIN
921
925
930
934
939
M&M
750
758
764
772
777
MARUTI
9,260
9,297
9,364
9,401
9,468
NTPC
172
173
174
175
176
ONGC
196
197
198
199
201
POWERGRID
195
197
198
200
201
RELIANCE
931
934
938
942
946
SBIN
299
300
302
303
305
SUNPHARMA
571
579
589
597
607
TCS
2,759
2,775
2,798
2,814
2,838
TATAMOTORS
430
433
435
437
440
TATASTEEL
763
767
772
776
782
TECHM
537
544
550
557
563
ULTRACEMCO
4,354
4,380
4,408
4,434
4,461
UPL
770
778
783
791
796
VEDANTA
329
331
334
336
339
WIPRO
315
318
322
325
329
YESBANK
332
338
341
347
350
ZEEL
574
577
580
583
586
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Technical & Derivatives Report
January 12, 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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