Technical & Derivatives Report
December 13, 2018
Sensex (35780) / Nifty (10737)
Exhibit 1: Nifty Daily Chart
Tuesday morning, everyone was scared looking at the SGX Nifty,
which was trading with much deeper cuts. There was lot of
uncertainty looming over on the outcome of the five state
elections and the abrupt resignation of the RBI Governor Mr.Urjit
Patel. All these events are behind us now and in fact, with the
appointment of new Governor, market looked a bit cheerful as
we started the proceedings with a decent upside gap. This was
followed by a good steady broad based buying throughout the
remaining part; in fact, due to complete gush towards the fag
end, Nifty managed to reclaim
10700 convincingly and
eventually ended with handsome gains of 1.79%.
Nobody would have thought of the kind of trading day we had
yesterday although, Tuesday’s v-shaped recovery from lower
levels hinted us towards the positivity post the event. We had
stated about Nifty testing 10620 - 10704 after crossing the
intraday resistance of 10567 and this is what we saw yesterday.
But, the kind of momentum we saw is quite mesmerizing. So
many individual pockets had eye popping moves and thereby
gives some kind of conviction. Now, index has managed to
surpass the key hurdle of 10700; but going ahead, it would be a
daunting task to keep the momentum intact as we may see cluster
of resistances in the zone of 10800 - 10833. Looking at the
broad based rally, these barriers are likely to be crossed; but it’s
always better to take some money off the table looking at the
price developments during the market hours. As of now, we
advise traders to remain positive and should focus on individual
stocks which may provide better trading opportunities. On the
downside, 10700 and 10634 are seen as key support levels.
Key Levels
Support 1 - 10700
Resistance 1 -
10800
Support 2 - 10634
Resistance 2 -
10833
Nifty Bank Outlook - (26644)
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Index too witnessed a gap up opening following the v-
shape recovery from the previous session. The positive
momentum continued throughout the session as Bank Index
ended with handsome gains of 1.84%.
Yesterday, we witnessed a broad-based up move from the stocks
within the sector and going with the positive momentum there are
high chances of a further extension of the up move in the coming
session. Traders are hence advised to focus on stocks within the
sector which are providing better trading opportunities. As far as
levels are concerned immediate resistance is placed around
26700-26880 levels whereas support is placed around 26470-
26400 levels.
Key Levels
Support 1 - 26470
Resistance 1 -
26700
Support 2 - 26400
Resistance 2 -
26880
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Technical & Derivatives Report
December 13, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.37%.
Bank Nifty futures open interest has increased by 10.60%
as market closed at 10737.60 levels.
The Nifty December future closed with a premium of
46.05 points against a premium of 31.95 points in last
trading session. The January series closed at a premium
of 94.30 points.
The INDIA VIX has decreased from 17.94 to 15.81.
At the same time, the PCR-OI of Nifty has increased from
1.33 to 1.47.
Few of the liquid counters where we have seen high cost
of carry are NHPC, JPASSOCIAT, NBCC, SAIL and
KTKBANK.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 1299 crores. In index futures segment, they sold of
CHG. (%)
CHG. (%)
TVSMOTOR
7452000
39.97
570.60
3.49
Rs. 489 crores with rise in open interest, indicating some
DRREDDY
3833750
17.66
2586.35
-4.40
short formation in yesterday’s trading session.
In options front, they bought of Rs. 1301 crores with
GODREJIND
1854000
17.49
545.35
-0.93
marginal change in open interest. As far as Nifty options
CHOLAFIN
830500
17.30
1239.60
4.19
activities are considered, we saw good amount of
IGL
6473500
15.85
250.50
0.82
unwinding in
10400-10700 and
11000 call option
ORIENTBANK
12281000
11.94
88.80
6.26
along with some fresh OI addition in 10800 strike. On
REPCOHOME
1727000
11.90
330.90
0.80
the flip side, we saw huge amount of build-up in 10400-
BERGEPAINT
2114200
10.97
318.95
2.08
10700 put options. Now, Maximum open interest for
December series now stands at 11000 call and 10000
put options.
OI Losers
Post Tuesday’s V-Shaped recovery, as anticipated we saw
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
extension of this move towards 10750 mark. In F&O
TORNTPOWER
2205000
-14.14
259.90
4.81
space, we saw positive formation of positive beats in
HEXAWARE
3163500
-7.82
330.05
-0.56
Nifty as well as BankNifty. In addition, we also saw
BALKRISIND
2444800
-7.06
935.00
4.41
massive writing in 10600 and 10700 put options, which
TATAGLOBAL
10813500
-6.13
212.95
4.79
hints the base is now shifting higher to 10650-10700
BANKINDIA
25644000
-5.88
85.60
7.51
levels. Considering previous two days activity we expect
BANKBARODA
60856000
-5.13
113.40
4.03
continuation of this move towards 10900-11000. Thus,
INDIACEM
17264000
-4.72
92.70
5.27
traders are advised trading with a positive bias.
SRTRANSFIN
3762000
-4.55
1155.30
1.35
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HEROMOTOCO
48.20
NIFTY
1.47
0.94
SYNDIBANK
53.48
BANKNIFTY
1.44
0.99
TORNTPHARM
38.74
RELIANCE
0.57
0.44
UPL
44.07
ICICIBANK
0.51
0.48
CANFINHOME
65.28
INFY
1.30
0.83
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Technical & Derivatives Report
December 13, 2018
FII Statistics for December 12, 2018
Turnover on December 12, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2895.61
3384.21
(488.60)
347087
26440.89
1.38
319456
21340.76
-36.94
FUTURES
FUTURES
INDEX
INDEX
105555.42
104254.55
1300.87
856901
61983.14
0.01
14781163
841991.64
-22.56
OPTIONS
OPTIONS
STOCK
13400.23
13405.36
(5.13)
1481894
85515.38
0.50
STOCK
FUTURES
902659
50233.30
-4.43
FUTURES
STOCK
STOCK
7478.39
7286.93
191.45
140909
7793.25
3.66
741569
42898.06
-6.32
OPTIONS
OPTIONS
Total
129329.65
128331.05
998.60
2826791
181732.67
0.61
TOTAL
74455
700968
-21.57
Nifty Spot = 10737.60
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
171.50
Buy
10700
88.50
57.70
42.30
10757.70
27.10
72.90
10672.90
Sell
10800
113.80
Sell
10600
61.40
Buy
10700
171.50
Buy
10700
88.50
101.35
98.65
10801.35
45.80
154.20
10654.20
Sell
10900
70.15
Sell
10500
42.70
Buy
10800
113.80
Buy
10600
61.40
43.65
56.35
10843.65
18.70
81.30
10581.30
Sell
10900
70.15
Sell
10500
42.70
Note: Above mentioned Bullish or Bearish Spreads in Nifty (December Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
December 13, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
348
361
369
382
389
ASIANPAINT
1,301
1,316
1,327
1,341
1,352
AXISBANK
596
608
615
627
634
BAJAJ-AUTO
2,696
2,772
2,815
2,891
2,934
BAJFINANCE
2,401
2,447
2,481
2,528
2,562
BAJAJFINSV
5,782
5,885
5,955
6,058
6,127
BPCL
322
326
328
332
334
BHARTIARTL
283
294
303
314
322
INFRATEL
246
248
252
255
259
CIPLA
516
524
529
537
542
COALINDIA
237
242
245
250
253
DRREDDY
2,433
2,510
2,611
2,687
2,788
EICHERMOT
22,195
22,958
23,404
24,168
24,614
GAIL
326
335
340
350
355
GRASIM
790
801
808
819
827
HCLTECH
932
952
963
982
994
HDFCBANK
2,049
2,067
2,078
2,097
2,108
HDFC
1,888
1,914
1,930
1,957
1,973
HEROMOTOCO
2,958
3,108
3,191
3,342
3,425
HINDALCO
215
218
220
224
226
HINDPETRO
214
217
219
222
224
HINDUNILVR
1,778
1,808
1,827
1,857
1,876
IBULHSGFIN
693
714
728
749
763
ICICIBANK
335
342
347
355
359
IOC
130
133
135
138
140
INDUSINDBK
1,541
1,562
1,576
1,596
1,610
INFY
667
673
677
683
687
ITC
270
273
275
278
281
JSW STEEL
295
299
303
307
311
KOTAKBANK
1,204
1,221
1,241
1,257
1,278
LT
1,349
1,375
1,391
1,417
1,433
M&M
710
730
742
762
773
MARUTI
7,212
7,342
7,425
7,554
7,637
NTPC
135
138
140
143
144
ONGC
137
140
141
143
145
POWERGRID
179
181
182
184
185
RELIANCE
1,078
1,094
1,104
1,120
1,130
SBIN
281
283
284
287
288
SUNPHARMA
419
425
429
436
440
TCS
1,971
1,994
2,008
2,031
2,045
TATAMOTORS
154
159
163
168
172
TATASTEEL
499
510
516
527
533
TECHM
682
694
702
714
723
TITAN
913
921
930
938
947
ULTRACEMCO
3,843
3,888
3,919
3,964
3,995
UPL
734
762
778
806
822
VEDANTA
191
195
198
202
205
WIPRO
326
328
330
332
334
YESBANK
179
183
185
189
191
ZEEL
473
477
481
485
488
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Technical & Derivatives Report
December 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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