Technical & Derivatives Report
October 12, 2018
Exhibit 1: Nifty Daily Chart
Sensex (34001) / Nifty (10235)
The correction in our market started mainly because of the
domestic concerns and now global woes started creating further
panic across the globe. Yesterday, we had a gap down opening
by a massive cut of nearly 300 points (in Nifty); courtesy to
complete turmoil in US markets. The rub off effect was seen in all
Asian bourses early in the morning and hence, our markets
wouldn’t have been spared from this carnage. But, fortunately for
us, there was no additional pain seen after a massive gap down.
In fact, we did see our markets trying to find their feet throughout
the day and the damage was not as big as it looked in the
morning.
After Wednesday’s smart relief rally, no one would have expected
such kind of terrible start. But, it’s beyond anyone’s control and
this time, the global concerns spooked the market participants. At
the close, things certainly do not see horrifying as the index
Yesterday, the banking index as well as the midcap index clearly
managed to hold its key levels of 10200, which is an indication
outperformed the benchmark as we did not see these two key
that probably the sellers have exhausted at least for a while.
indices breaching their recent lows. We construe this as a sign
Going ahead, if we do not see further pain from the global
of strength and in case of some bounce back move; both these
markets, then we may again see some relief as we saw on
pockets would outperform the benchmark index by a fair
Wednesday. But mind you, one needs to understand that the
margin.
market is in no mood to make traders / investors happy and
hence, it’s advisable to stay light and follow a stock centric
approach. As far as levels are concerned, yesterday’s low of
Key Levels
10138 would be seen as important support now; whereas, on the
Support 1 - 10200
Resistance 1 -
10336
upside, 10336 followed by 10407 are the levels to watch out for.
Support 2 - 10138
Resistance 2 -
10407
Nifty Bank Outlook - (24784)
Exhibit 2: Nifty Bank Daily Chart
On the back of negative global cues, the Nifty Bank index too
opened down with a gap of more than 500 points. The index then
recovered some of the losses during the day, but still ended the
session with a loss of more than 2 percent.
At the closing on Wednesday, the markets seemed geared up for
further pullback as we saw broad based market participation on
that day. However, the fall in the U.S. markets changed the
sentiments completely and our markets had a decent gap down
opening. This certainly indicates that within a downtrend, the
volatility is expected to remain on the high on both the sides of
the trade. During such times, traders should ideally remain light
on positions until the volatility cools off. The near-term supports
for the Nifty Bank index are placed around 24490 and 24240
whereas resistances are seen around 25085 and 25370.
Key Levels
Support 1 - 24490
Resistance 1 -
25085
Support 2 - 24240
Resistance 2 -
25370
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Technical & Derivatives Report
October 12, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.70%
Bank Nifty futures open interest has decreased by
19.19% as market closed at 10234.65 levels.
The Nifty October future closed with a premium of 17.40
points against a premium of 5.65 points in last trading
session. The November series closed at a premium of
65.30 points.
The INDIA VIX has increased from 17.90 to 20.54.
At the same time, the PCR-OI of Nifty has decreased
from 1.16 to 1.08.
Few of the liquid counters where we have seen high cost
of carry are VOLTAS, NIITTECH, AMARAJABAT,
RAMCOCEM and DHFL.
Views
FIIs were net sellers in cash market segment to the tune
OI Gainers
of Rs. 2869 crores. At the same time, they sold worth
OI
PRICE
SCRIP
OI
PRICE
Rs. 1143 crores in index futures with fall in open interest,
CHG. (%)
CHG. (%)
indicating long unwinding took place in previous trading
VOLTAS
4012000
12.86
498.30
-3.86
session.
NIITTECH
1445250
9.43
1056.20
-11.01
In options front, they bought of Rs. 1635 crores with
AMARAJABAT
1353800
8.35
719.45
-3.72
marginal change in open interest. As far as Nifty options
RAMCOCEM
1093600
8.32
579.55
-3.79
activities are considered, we saw fresh build-up in
DHFL
13387500
7.99
289.65
1.30
10200-10600 call options. On the flip side, 9800-9900
LT
12810750
7.86
1225.85
-2.18
put added some positions along with good amount of
ZEEL
10059400
7.62
463.90
1.03
unwinding in
10300-10700 strikes. Maximum open
GLENMARK
4078000
7.49
598.10
-0.17
interest for October series now stood at 11000 followed
by 10500 call and in put options is firmly placed in
10000 strike.
OI Losers
We started-off yesterday’s session with a cut of nearly
OI
PRICE
SCRIP
OI
PRICE
300 points; however, we hardly saw any follow-up
CHG. (%)
CHG. (%)
SRTRANSFIN
4006200
-16.17
1046.35
-3.44
selling thereafter. During the day, we saw smart recovery
HINDPETRO
22585500
-11.28
207.95
15.64
to eventually end the session above the important
ACC
1043200
-9.85
1434.80
-1.78
support zone of 10200 mark. Some buying interest in
JUSTDIAL
2779000
-9.15
444.40
-0.32
index resulting rise in premium for Nifty. Despite such
gap down opening, we could hardly saw any relevant
JUBLFOOD
3202000
-8.48
1144.80
-4.23
unwinding in 10000-10200 puts. Thus, until index trades
ARVIND
6582000
-7.61
321.50
-2.29
above the support zone of 10200, traders are advised to
DIVISLAB
2806400
-7.37
1250.95
-3.79
trade with a positive bias and focus more on individual
BALKRISIND
1839200
-7.34
1013.20
-2.96
counters.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
NIITTECH
82.51
NIFTY
1.08
0.77
HCLTECH
29.43
BANKNIFTY
0.92
0.77
COLPAL
30.74
RELIANCE
0.47
0.57
CIPLA
28.83
ICICIBANK
0.55
0.74
PAGEIND
58.73
INFY
0.75
0.65
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Technical & Derivatives Report
October 12, 2018
FII Statistics for October 11, 2018
Turnover on October 11, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
5968.88
7112.25
(1143.37)
285046
22003.75
(1.49)
447151
38007.32
27.56
FUTURES
FUTURES
INDEX
INDEX
225895.29
224260.37
1634.92
954280
75655.12
0.84
19190884
1841648.34
74.13
OPTIONS
OPTIONS
STOCK
19852.37
19625.33
227.04
1297156
83036.47
0.69
STOCK
FUTURES
1094446
66310.15
5.17
FUTURES
STOCK
STOCK
8695.80
8681.14
14.66
120566
7642.60
5.15
721778
48299.23
10.37
OPTIONS
OPTIONS
Total
260412.35
259679.09
733.26
2657048
188337.94
0.70
TOTAL
21454259
1994265.04
66.99
Nifty Spot = 10234.65
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10200
191.35
Buy
10200
143.35
58.20
41.80
10258.20
33.30
66.70
10166.70
Sell
10300
133.15
Sell
10100
110.05
Buy
10200
191.35
Buy
10200
143.35
104.60
95.40
10304.60
59.20
140.80
10140.80
Sell
10400
86.75
Sell
10000
84.15
Buy
10300
133.15
Buy
10100
110.05
46.40
53.60
10346.40
25.90
74.10
10074.10
Sell
10400
86.75
Sell
10000
84.15
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
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Technical & Derivatives Report
October 12, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
303
308
316
322
330
ASIANPAINT
1,179
1,199
1,210
1,230
1,241
AXISBANK
537
559
572
594
608
BAJAJ-AUTO
2,479
2,502
2,529
2,553
2,580
BAJFINANCE
1,981
2,071
2,151
2,241
2,321
BAJAJFINSV
5,415
5,504
5,639
5,728
5,863
BPCL
249
263
274
289
299
BHARTIARTL
275
280
287
293
300
INFRATEL
247
254
258
264
269
CIPLA
600
608
621
629
642
COALINDIA
259
263
269
272
278
DRREDDY
2,353
2,406
2,461
2,514
2,569
EICHERMOT
20,629
21,493
22,047
22,911
23,464
GAIL
318
334
343
360
369
GRASIM
847
863
876
892
905
HCLTECH
983
996
1,011
1,024
1,038
HDFCBANK
1,904
1,921
1,934
1,951
1,965
HDFC
1,646
1,665
1,695
1,714
1,743
HEROMOTOCO
2,796
2,833
2,884
2,922
2,973
HINDALCO
206
211
216
222
227
HINDPETRO
160
184
200
224
240
HINDUNILVR
1,452
1,489
1,514
1,552
1,577
IBULHSGFIN
821
856
896
931
971
ICICIBANK
299
305
310
317
322
IOC
115
123
128
136
142
INDUSINDBK
1,566
1,579
1,595
1,608
1,623
INFY
647
660
677
690
706
ITC
260
263
266
268
272
JSW STEEL
345
353
363
371
381
KOTAKBANK
1,085
1,100
1,110
1,125
1,135
LT
1,211
1,218
1,228
1,235
1,245
M&M
692
711
734
753
775
MARUTI
6,599
6,737
6,844
6,982
7,088
NTPC
159
161
163
165
168
ONGC
139
146
153
160
166
POWERGRID
182
184
186
188
191
RELIANCE
1,010
1,049
1,082
1,121
1,154
SBIN
254
258
265
269
276
SUNPHARMA
570
579
591
599
611
TCS
1,906
1,943
1,978
2,015
2,050
TATAMOTORS
173
178
183
188
193
TATASTEEL
541
548
556
563
571
TECHM
667
681
692
706
716
TITAN
734
756
777
800
821
ULTRACEMCO
3,578
3,633
3,687
3,742
3,795
UPL
574
589
606
622
638
VEDANTA
191
199
209
217
226
WIPRO
301
307
311
317
322
YESBANK
190
215
242
267
294
ZEEL
415
439
459
484
504
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Technical & Derivatives Report
October 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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