Technical & Derivatives Report
November 13, 2018
Sensex (34813) / Nifty (10482)
Exhibit 1: Nifty Daily Chart
After Diwali, our markets kick started proceedings for the week on
a subdued note. The overall bias during the initial hour was
slightly on the positive side. However, unexpectedly, markets
started to feel strong selling pressure at higher level and as a
result, index nosedived throughout the second half to eventually
close tad below the 10500 mark.
It was clearly a disappointing session for our markets. Most of the
traders expected the relief move to extend towards 10700 -
10800; but once again the global uncertainty weighed down
heavily on our market. Now, the SGX Nifty is indicating a gap
down opening with a decent cut mainly on the back of massive
sell off seen in US bourses last night. It would be very important
to see how Nifty behaves around its important intraday support
zone of 10440 - 10420. If we manage to hold it, then again
index could see some rebound towards 10540 - 10560 levels.
However, a failure to do would result into extended down move
towards 10380. Hence, one needs to be very watchful now and
should avoid taking aggressive bets till the time picture becomes
clear. Meanwhile, keep focusing on individual pockets that may
offer better trading opportunities for the momentum traders.
Key Levels
Support 1 - 10420
Resistance 1 -
10540
Support 2 - 10380
Resistance 2 -
10560
Nifty Bank Outlook - (25540)
Exhibit 2: Nifty Bank Daily Chart
In yesterday’s trading session, Bank Nifty too corrected along with
the broader markets and ended with a loss of around a percent
tad above 25500 levels.
In our previous outlook, we had mentioned a stiff resistance on
Bank Index around 25900 levels and yesterday the Index after
failing to sustain above the same witnessed a sharp round of
profit booking. For the last six sessions, the Bank Index has traded
in a range of 25500-25900 and yesterday after testing the higher
range Index has closed near the lower range which coincides with
a bullish gap around 25400 - 25500 levels. Going ahead,
traders need to closely monitor the levels around 25400 levels as
a follow-through selling below the 25400 levels may open further
weakness towards 25000 levels. On the flip side, 25760 followed
by 25900 will now act as an immediate hurdle.
Key Levels
Support 1 - 25400
Resistance 1 -
25760
Support 2 - 25000
Resistance 2 - 25900
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Technical & Derivatives Report
November 13, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.74%.
Bank Nifty futures open interest has decreased by
13.60% as market closed at 10482.20 levels.
The Nifty November future closed with a premium of
21.65 points against a premium of 38.55 points in last
trading session. The December series closed at a
premium of 67.70 points.
The INDIA VIX has increased from 17.76 to 19.36.
At the same time, the PCR-OI of Nifty has decreased
from 1.60 to 1.51.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, RCOM, JPASSOCIAT, SHREECEM
and CANFINHOME.
Views
OI Gainers
FIIs continued buying for second consecutive session in
OI
PRICE
SCRIP
OI
PRICE
cash market segment to the tune of 832 crores. In index
CHG. (%)
CHG. (%)
futures segment, they were net sellers worth Rs.
169
SHREECEM
143100
18.07
15396.35
0.39
crores in index futures with good amount of rise in open
MGL
1836600
16.26
858.95
1.67
interest, indicating mix of long and short formation in
REPCOHOME
527400
14.23
410.70
2.96
yesterday’s session.
JINDALSTEL
24149250
13.85
180.60
-2.00
In options front, they sold marginally with rise in open
DCBBANK
4261500
12.34
157.45
-4.74
interest. As far as Nifty options activities are considered,
TATASTEEL
36629964
11.35
582.85
1.77
fresh build-up was seen in 10600-10800 call options.
WOCKPHARMA
3517200
10.21
567.85
9.10
On the flip side, good amount of unwinding took place
OIL
2967327
10.09
199.05
0.30
in 10200-10600 put options. Now, maximum open
interest for November series stands at 11000 followed by
10700 call and 10000 followed by 10200 put options.
OI Losers
Yesterday, we began the session on a positive note and
OI
PRICE
SCRIP
OI
PRICE
surpassed 10600 mark but the momentum was missing
CHG. (%)
CHG. (%)
ORIENTBANK
10245000
-17.12
80.05
-9.73
resulting correction of more than 1% on the closing
JUSTDIAL
2487800
-11.33
488.05
-4.33
basis. In index futures segment, some shorts were formed
BPCL
11779200
-10.70
291.20
-2.41
in Nifty; and long unwinding took place in banking
PCJEWELLER
8431000
-10.21
90.45
-1.84
index. At current junctures, 10400-10450 may act as an
immediate support zone; whereas,
10600-10650
BALKRISIND
2712800
-9.02
951.25
1.76
remains the key hurdle.
BATAINDIA
1471800
-8.17
1016.80
-1.21
BANKINDIA
20346000
-7.22
87.15
-5.16
DIVISLAB
3657200
-6.91
1511.75
-2.53
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TITAN
45.37
NIFTY
1.51
0.96
WOCKPHARMA
72.92
BANKNIFTY
0.85
1.06
ORIENTBANK
88.98
RELIANCE
0.53
0.70
INDIACEM
63.41
ICICIBANK
0.83
0.93
POWERGRID
27.53
INFY
0.92
0.37
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Technical & Derivatives Report
November 13, 2018
FII Statistics for November 12, 2018
Turnover on November 12, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2776.41
2945.24
(168.84)
408263
30822.02
3.05
295818
19310.95
24.11
FUTURES
FUTURES
INDEX
INDEX
72473.58
72464.83
8.74
978618
70626.35
1.51
8331629
473231.61
44.15
OPTIONS
OPTIONS
STOCK
12247.74
12394.59
(146.85)
1366496
80479.60
(0.17)
STOCK
FUTURES
806641
44992.52
8.63
FUTURES
STOCK
STOCK
6290.32
6273.31
17.01
146595
8751.24
3.49
585741
34034.38
12.64
OPTIONS
OPTIONS
Total
93788.03
94077.97
(289.94)
2899972
190679.21
1.02
TOTAL
74455
700968
37.57
Nifty Spot = 10482.20
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10500
154.35
Buy
10500
148.05
51.40
48.60
10551.40
37.15
62.85
10462.85
Sell
10600
102.95
Sell
10400
110.90
Buy
10500
154.35
Buy
10500
148.05
89.65
110.35
10589.65
65.45
134.55
10434.55
Sell
10700
64.70
Sell
10300
82.60
Buy
10600
102.95
Buy
10400
110.90
38.25
61.75
10638.25
28.30
71.70
10371.70
Sell
10700
64.70
Sell
10300
82.60
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, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
316
322
334
340
351
ASIANPAINT
1,250
1,264
1,290
1,304
1,329
AXISBANK
596
601
610
615
624
BAJAJ-AUTO
2,588
2,620
2,673
2,705
2,758
BAJFINANCE
2,196
2,237
2,311
2,352
2,426
BAJAJFINSV
5,350
5,449
5,616
5,716
5,883
BPCL
283
287
294
298
305
BHARTIARTL
287
292
298
303
309
INFRATEL
250
254
262
266
273
CIPLA
521
527
534
539
547
COALINDIA
258
261
266
269
274
DRREDDY
2,373
2,394
2,416
2,437
2,459
EICHERMOT
21,408
21,671
22,083
22,346
22,758
GAIL
359
362
367
370
376
GRASIM
836
848
861
874
887
HCLTECH
1,016
1,026
1,043
1,053
1,070
HDFCBANK
1,889
1,905
1,933
1,950
1,978
HDFC
1,759
1,777
1,808
1,826
1,857
HEROMOTOCO
2,722
2,781
2,879
2,937
3,035
HINDALCO
221
225
233
237
244
HINDPETRO
213
219
229
235
245
HINDUNILVR
1,629
1,642
1,662
1,674
1,695
IBULHSGFIN
835
850
865
880
895
ICICIBANK
347
350
354
357
361
IOC
130
132
137
140
144
INDUSINDBK
1,456
1,474
1,497
1,515
1,538
INFY
654
659
668
673
682
ITC
270
272
275
277
280
JSW STEEL
336
340
347
352
359
KOTAKBANK
1,127
1,141
1,151
1,164
1,175
LT
1,349
1,358
1,371
1,380
1,394
M&M
759
770
789
800
819
MARUTI
6,864
6,976
7,164
7,276
7,465
NTPC
151
152
154
155
157
ONGC
154
155
157
158
160
POWERGRID
179
183
188
191
196
RELIANCE
1,060
1,070
1,084
1,094
1,109
SBIN
273
275
280
282
286
SUNPHARMA
579
584
593
598
607
TCS
1,886
1,900
1,923
1,938
1,961
TATAMOTORS
179
183
189
192
198
TATASTEEL
564
573
582
591
599
TECHM
678
701
716
740
755
TITAN
822
858
880
916
938
ULTRACEMCO
3,599
3,663
3,776
3,840
3,954
UPL
717
725
738
747
760
VEDANTA
197
200
205
209
214
WIPRO
319
321
324
326
329
YESBANK
215
219
225
229
235
ZEEL
426
432
441
447
456
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Technical & Derivatives Report
November 13, 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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