Technical & Derivatives Report
October 13, 2017
Exhibit 1: Nifty Daily Chart
Sensex (32182) / Nifty (10096)
A strong corrective move on Wednesday was followed by a
positive opening in our market. As expected, index corrected
sharply in the initial hour. But, a strong buying at lower levels
pulled the index higher and in fact, the accelerated
momentum pushed the index to retest the 10100 mark.
Yesterday's buying interest in last couple of hours has certainly
surprised us. It has become very difficult to predict movement
in the index and hence, we would rather look to focus on
individual stocks. For the coming session, 10135 - 10178 are
the levels to watch out for and on the downside, 10035 -
9980 would be seen as immediate support levels.
Key Levels
Support 1 - 10035
Resistance 1 - 10135
Support 2 - 9980
Resistance 2 - 10178
Nifty Bank Outlook - (24361)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index sneaked below the 24000 mark in the
initial hour of the trade yesterday. Just when it seemed that the
index was continuing the previous day's sell-off, the index took
a complete 'U' turn post noon and rallied sharply in the last
hour to end the session with gains of over a percent.
Yesterday's upmove in the Nifty Bank index was quite
surprising for us as we had not anticipated such sharp
recovery post Wednesday's correction from the hourly '200
SMA' resistance. However, last two days of volatility has
definitely perplexed us on the near-term direction. Going
ahead, Wednesday's high of 24460.25 should be observed as
a move above this level could lead to further positive
momentum in the index; whereas yesterday's low will now
become a crucial support for near term. The intraday supports
for the Nifty Bank index are placed around 24227 and 24070
whereas resistances are seen around 24460 and 24600.
Key Levels
Support 1 - 24227
Resistance 1 - 24460
Support 2 - 24070
Resistance 2 - 24600
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Technical & Derivatives Report
October 13, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.48%
BankNifty futures open interest has decreased by 9.05%
as market closed at 10096.40 levels.
The Nifty October future closed with a premium of 15
points against a premium of 7.70 points in last trading
session. The November series closed at a premium of
44.20 points.
The Implied Volatility of at the money options has
decreased from 10.25 to 9.28. At the same time, the
PCR-OI of Nifty has increased from 1.36 to 1.51 level.
Few of the liquid counters where we have seen high cost
of carry are IFCI, JPASSOCIAT, BANKINDIA,
SOUTHBANK and ANDHRABANK.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 668 crores. While, in index futures they net buyers
CHG. (%)
CHG. (%)
of Rs. 263 crores with rise in open interest, suggesting
NBCC
4647000
54.75
242.85
9.49
long formation in yesterday’s trading session.
NESTLEIND
112400
18.19
7415.80
1.62
In index options front, their activity remained muted. In
HINDALCO
43074500
16.83
264.40
5.91
call option, we saw huge unwinding in 10000 and
BRITANNIA
754200
16.60
4570.75
4.09
10100 strike. On the flip side, 9900- 10100 puts added
PFC
35760000
15.08
120.55
-0.82
meaningful positions. Maximum concentration of open
NATIONALUM
24616000
13.33
86.65
5.93
interest in calls stood at 10000 followed by 10100 strike;
INFRATEL
10438000
13.12
432.90
5.20
while, in put option highest OI has shifted higher to
NIITTECH
868500
12.87
615.50
3.44
10000 from 9800.
Yesterday, the benchmark index rallied 1.12% and also
OI Losers
added fresh long positions. This strong move towards
OI
PRICE
10100 made call writers of 10000 and 10100 strike run
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
for shelter. In addition, highest open interest is put
OFSS
55050
-7.09
3596.00
2.39
options is now placed 10000 strikes, suggesting a strong
ARVIND
5834000
-6.95
394.20
2.48
base forming near 9950-10000 levels. FIIs to participate
HEXAWARE
2364000
-4.95
276.10
2.85
by adding fresh long positions in index and stock futures.
CGPOWER
27168000
-4.67
78.90
1.22
Hence, believe one may see some further upside going
CANFINHOME
3581250
-4.53
526.60
2.84
ahead. Traders looking to form shorts are advised to
BEL
14869800
-3.93
169.60
2.17
avoid unless we don’t see any strong fall below 9950-
APOLLOTYRE
15090000
-3.92
242.40
1.78
10000 levels.
CEATLTD
1576400
-3.84
1738.25
1.08
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
NBCC
50.28
NIFTY
1.51
1.20
BRITANNIA
23.61
BANKNIFTY
1.67
0.82
HINDALCO
44.16
INFY
0.68
0.57
TORNTPOWER
42.14
RELIANCE
0.57
0.48
INFRATEL
41.62
SBIN
0.38
0.35
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Technical & Derivatives Report
October 13, 2017
FII Statistics for October 12, 2017
Turnover on October 12, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1910.90
1648.15
262.75
288068
22436.03
5.34
211813
17896.40
-11.32
FUTURES
FUTURES
INDEX
INDEX
52295.19
52319.03
(23.84)
1050882
82260.98
0.50
11144488
1030607.63
49.37
OPTIONS
OPTIONS
STOCK
6782.35
6040.18
742.17
882331
62571.54
1.38
STOCK
FUTURES
588816
44574.46
-14.43
FUTURES
STOCK
STOCK
5986.85
5887.63
99.22
77423
5800.99
5.25
438328
35090.29
-3.22
OPTIONS
OPTIONS
Total
66975.28
65894.98
1080.30
2298704
173069.54
1.58
TOTAL
12383445
1128168.78
41.29
Nifty Spot = 10096.40
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10100
77.50
Buy
10100
42.30
44.90
55.10
10144.90
15.60
84.40
10084.40
Sell
10200
32.60
Sell
10000
26.70
Buy
10100
77.50
Buy
10100
42.30
66.80
133.20
10166.80
24.85
175.15
10075.15
Sell
10300
10.70
Sell
9900
17.45
Buy
10200
32.60
Buy
10000
26.70
21.90
78.10
10221.90
9.25
90.75
9990.75
Sell
10300
10.70
Sell
9900
17.45
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
October 13, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
387
396
401
409
415
AMBUJACEM
270
274
276
279
281
ASIANPAINT
1,140
1,149
1,156
1,165
1,172
AUROPHARMA
726
737
743
753
759
AXISBANK
508
517
521
530
534
BAJAJ-AUTO
3,092
3,124
3,149
3,181
3,205
BAJFINANCE
1,910
1,932
1,945
1,966
1,979
BPCL
483
487
491
495
499
BHARTIARTL
391
396
400
405
409
INFRATEL
389
410
424
446
460
BOSCHLTD
20,907
21,033
21,125
21,251
21,343
CIPLA
575
582
588
595
601
COALINDIA
279
280
282
284
286
DRREDDY
2,340
2,360
2,378
2,398
2,417
EICHERMOT
30,798
31,067
31,290
31,558
31,781
GAIL
438
442
448
452
458
HCLTECH
900
908
914
922
928
HDFCBANK
1,776
1,797
1,809
1,831
1,843
HDFC
1,735
1,746
1,752
1,762
1,769
HEROMOTOCO
3,670
3,710
3,736
3,776
3,801
HINDALCO
244
254
260
270
276
HINDPETRO
447
452
455
460
464
HINDUNILVR
1,205
1,223
1,234
1,252
1,263
IBULHSGFIN
1,243
1,258
1,267
1,282
1,291
ICICIBANK
263
265
267
269
270
IOC
410
412
417
420
424
INDUSINDBK
1,680
1,712
1,731
1,762
1,781
INFY
912
920
927
935
942
ITC
262
264
267
269
272
KOTAKBANK
1,028
1,043
1,053
1,067
1,077
LT
1,129
1,137
1,141
1,148
1,153
LUPIN
1,048
1,054
1,059
1,066
1,071
M&M
1,304
1,321
1,331
1,348
1,359
MARUTI
7,796
7,850
7,884
7,938
7,972
NTPC
173
175
177
179
181
ONGC
167
168
169
171
172
POWERGRID
200
201
203
204
205
RELIANCE
829
851
864
886
899
SBIN
246
249
251
253
255
SUNPHARMA
526
533
539
546
552
TCS
2,489
2,518
2,537
2,566
2,585
TATAMOTORS
405
412
417
425
430
TATASTEEL
677
684
689
696
701
TECHM
462
468
472
478
481
ULTRACEMCO
3,841
3,880
3,922
3,962
4,004
UPL
798
804
811
816
823
VEDANTA
310
315
318
323
326
WIPRO
288
291
293
296
298
YESBANK
355
360
364
369
373
ZEEL
507
512
516
521
524
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Technical & Derivatives Report
October 13, 2017
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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