Technical & Derivatives Report
November 13, 2017
Sensex (33315) / Nifty (10322)
Exhibit 1: Nifty Daily Chart
Last week, the Nifty saw some profit booking after precisely
entering the strong resistance zone of 10482 - 10500 which
was the 161% (Golden Ratio) reciprocal retracement level of
the recent down move. This corrective move was very much on
expected lines and in the process, corrected to end the week
tad above 10300 mark.
For this week, we expect this consolidation/corrective phase in
the index to continue wherein stock specific momentum would
provide better trading opportunities on both sides of the trade.
Hence, traders should stay cautious and avoid taking
aggressive bets on the index front. As far as levels are
concerned, the immediate support for the Nifty index is placed
around 10260, which if breached could drag the index up to
10180 (38.2% retracement level of the recent rally and the
previous breakout level). On the flipside, the resistance is seen
around 10380 followed by the recent high.
Key Levels
Support 1 - 10260
Resistance 1 - 10380
Support 2 - 10180
Resistance 2 - 10400
Nifty Bank Outlook - (25499)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank Index outperformed the broader indices on
Friday and ended with gains of 0.82 percent over its previous
session close.
As mentioned in our earlier report, the Nifty Bank Index has
taken support on previous breakout levels around 25080-
25200 levels which coincides with a bullish gap. Going ahead
the mentioned levels may continue to act as support whereas
immediate swing high (25700) may act as strong resistance.
At this juncture, we sense Index may consolidate in the broad
range 25100 - 25700 for next few session and stock specific
ideas to outperform. Hence we repeatedly advise our clients to
avoid directional bets on Index and instead focus on individual
stocks within the sector which are likely to give better trading
opportunities.
Key Levels
Support 1 - 25310
Resistance 1 - 25630
Support 2 - 25200
Resistance 2 - 25700
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Technical & Derivatives Report
November 13, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.90%
BankNifty futures open interest has increased by 3.90%
as market closed at 10321.75 levels.
The Nifty November future closed with a premium of
12.25 points against a premium of 52.85 points in last
trading session. The December series closed at a
premium of 44.55 points.
The INDIA VIX has increased from 13.27 to 13.47. At the
same time, the PCR-OI of Nifty has decreased from 1.36
to 1.33 level.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, ADANIPOWER, ALBK, OFSS
and REPCOHOME.
Views
FIIs were net sellers in cash market segment and index
OI Gainers
futures. They sold equities to the tune of Rs. 529 crores.
OI
PRICE
While, they were sellers of Rs. 1785 crores with rise in
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
open interest, suggesting continuation of short formation
OFSS
82350
35.22
3669.45
-0.15
on Friday's trading session.
MRF
60810
21.41
67803.65
3.68
In call options, fresh build-up was seen in 10200, 10300
GODFRYPHLP
685500
13.97
1051.80
5.73
and 10350 strikes. On the other side, 10100 and 10300
BANKINDIA
15444000
12.99
195.45
-2.81
put options added good amount of fresh positions;
JUSTDIAL
4271000
10.74
494.60
7.04
followed by unwinding in 10000 and 10400 strikes. At
OIL
2986588
9.65
360.75
-1.16
present, highest open interest is placed at 10500 call
MGL
1006200
9.46
1133.10
-2.78
and 10200 put options.
CADILAHC
3785600
9.23
465.95
-3.17
We started last week with index hitting fresh record high;
however, strong selling pressure was witnessed
thereafter. Nifty corrected nearly 1.5% with marginal
OI Losers
OI
PRICE
change in open interest on WoW basis. Although, FIIs
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
formed good amount of short positions in index futures
IGL
5370750
-13.77
319.55
2.78
along with longs in index put options. As a result, now
AMARAJABAT
2314700
-13.54
751.85
1.93
their index futures ‘Long Short Ratio’ has declined from
PIDILITIND
1462000
-12.35
822.35
0.98
64% to 53% in a week. Considering the above data
VGUARD
2682000
-10.06
226.05
-3.25
points, we believe market may remain volatile in the
NIITTECH
898500
-8.41
628.30
-5.47
coming week with negatively bias. Thus, any bounce
HEXAWARE
2757000
-7.92
341.15
-1.06
back shall be an opportunity to buy puts of current series.
MUTHOOTFIN
2065500
-7.83
484.95
-1.75
ARVIND
7264000
-6.94
426.30
-2.48
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
AUROPHARMA
43.14
NIFTY
1.33
0.82
JISLJALEQS
62.71
BANKNIFTY
1.25
0.92
GODFRYPHLP
40.48
TATAMOTORS
0.39
0.36
BOSCHLTD
26.82
YESBANK
0.34
0.33
LT
31.20
SBIN
1.01
0.63
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Technical & Derivatives Report
November 13, 2017
FII Statistics for November 10, 2017
Turnover on November 10, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1612.34
3397.42
(1785.08)
366728
29213.68
5.39
225631
19777.43
15.97
FUTURES
FUTURES
INDEX
INDEX
54362.40
54332.33
30.07
1112969
88537.77
2.42
4417182
403655.04
-62.74
OPTIONS
OPTIONS
STOCK
7976.59
8101.17
(124.58)
1008194
70095.24
1.28
STOCK
FUTURES
866069
64252.63
15.64
FUTURES
STOCK
STOCK
9499.43
10043.48
(544.05)
115862
8153.16
(0.02)
649022
51377.06
34.42
OPTIONS
OPTIONS
Total
73450.75
75874.40
(2423.65)
2603753
195999.85
2.27
TOTAL
6157904
539062.15
-54.86
Nifty Spot = 10321.75
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10300
124.60
Buy
10300
93.60
50.30
49.70
10350.30
31.35
68.65
10268.65
Sell
10400
74.30
Sell
10200
62.25
Buy
10300
124.60
Buy
10300
93.60
84.20
115.80
10384.20
54.10
145.90
10245.90
Sell
10500
40.40
Sell
10100
39.50
Buy
10400
74.30
Buy
10200
62.25
33.90
66.10
10433.90
22.75
77.25
10177.25
Sell
10500
40.40
Sell
10100
39.50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (November Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
November 13, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
422
427
431
436
441
AMBUJACEM
265
268
271
273
276
ASIANPAINT
1,143
1,161
1,178
1,196
1,213
AUROPHARMA
684
712
758
786
832
AXISBANK
526
535
542
552
559
BAJAJ-AUTO
3,143
3,198
3,237
3,292
3,330
BAJFINANCE
1,710
1,728
1,748
1,766
1,786
BPCL
504
508
512
516
520
BHARTIARTL
489
496
504
511
519
INFRATEL
416
421
427
432
438
BOSCHLTD
19,707
20,082
20,630
21,005
21,554
CIPLA
594
601
611
619
629
COALINDIA
274
279
283
289
293
DRREDDY
2,316
2,332
2,356
2,372
2,396
EICHERMOT
30,054
30,303
30,619
30,868
31,184
GAIL
444
450
457
464
471
HCLTECH
852
860
870
878
888
HDFCBANK
1,801
1,811
1,823
1,834
1,846
HDFC
1,682
1,696
1,711
1,725
1,740
HEROMOTOCO
3,526
3,566
3,600
3,640
3,675
HINDALCO
258
261
264
267
270
HINDPETRO
402
409
422
430
443
HINDUNILVR
1,223
1,257
1,278
1,312
1,333
IBULHSGFIN
1,206
1,215
1,225
1,235
1,245
ICICIBANK
305
312
318
325
331
IOC
388
391
394
398
400
INDUSINDBK
1,639
1,650
1,661
1,672
1,684
INFY
944
953
959
968
973
ITC
256
259
262
265
268
KOTAKBANK
979
986
997
1,005
1,016
LT
1,194
1,230
1,252
1,288
1,310
LUPIN
821
827
837
843
852
M&M
1,319
1,356
1,384
1,421
1,449
MARUTI
8,053
8,118
8,176
8,242
8,300
NTPC
174
175
177
178
180
ONGC
186
189
191
193
195
POWERGRID
204
208
210
213
215
RELIANCE
866
875
888
897
910
SBIN
298
316
327
345
356
SUNPHARMA
518
523
529
533
539
TCS
2,677
2,693
2,709
2,725
2,742
TATAMOTORS
408
415
427
434
446
TATASTEEL
689
696
702
709
715
TECHM
477
484
491
498
505
ULTRACEMCO
4,276
4,364
4,427
4,515
4,578
UPL
721
728
738
745
756
VEDANTA
314
319
323
328
332
WIPRO
296
299
302
305
307
YESBANK
297
301
305
309
313
ZEEL
475
509
528
562
581
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Technical & Derivatives Report
November 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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