Technical & Derivatives Report
November 14, 2018
Sensex (35144) / Nifty (10583)
Exhibit 1: Nifty Daily Chart
Monday’s disappointing session was followed by a yet another
sluggish start, owing to some uncertainty across the globe. Index
remained under bit of pressure in the first half; but the second
half turned out to be complete opposite of what we saw on
Monday. The Nifty took a U-turn from lower levels and then due
to sustained buying throughout, eventually managed to regain
Monday’s damage to close at the highest point of the day.
In our previous report, we had stated about the crucial intraday
support zone of 10440 - 10420. Yesterday, the index reversed
precisely after testing the higher end of this mentioned support
area. In fact, the encouraging sign was the way broader market
saw immense buying throughout the second half. Now, with such
strong closing, we expect this move to extend towards 10700 -
10750 levels. Before this, Monday’s high of 10645 would be
seen immediate level to watch out for. On the flipside, 10540 -
10500 would now be seen as intraday supports.
Key Levels
Support 1 - 10540
Resistance 1 -
10645
Support 2 - 10500
Resistance 2 -
10700
Nifty Bank Outlook - (25769)
Exhibit 2: Nifty Bank Daily Chart
Yesterday, Bank Nifty Index too opened lower, however, post
making an intraday low of 25384 swung higher sharply in the
second half to end with gains of around a percent near 25800
levels.
As mentioned in our previous outlook, Bank Index continues to
trade in a range of 25400 - 25900 levels and yesterday after
testing the lower side of the range (low 25384) bounced back
sharply to close near the higher range. Going with the positive
momentum seen in the private bank space which showed
outperformance there are high chances of Bank Nifty Index
breaking above the higher range of 25900 in the next few
sessions which can then open further leg of up move towards
26300 levels. Traders are hence advised to keep a tab on the
mentioned levels and to focus on selective private banks stocks
which are likely to show outperformance. On the flip side, 25400
remain sacrosanct level.
Key Levels
Support 1 - 25500
Resistance 1 -
25900
Support 2 - 25400
Resistance 2 - 26000
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Technical & Derivatives Report
November 14, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.44%.
Bank Nifty futures open interest has increased by 3.66%
as market closed at 10582.50 levels.
The Nifty November future closed with a premium of
33.45 points against a premium of 21.65 points in last
trading session. The December series closed at a
premium of 79.60 points.
The INDIA VIX has decreased from 19.36 to 18.69.
At the same time, the PCR-OI of Nifty has increased from
1.51 to 1.60.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, RCOM, ADANIPOWER,
JPASSOCIAT and HCC.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of 495 crores. In index futures segment, they were net
CHG. (%)
CHG. (%)
sellers worth Rs. 111 crores in index futures with some
ALBK
21229000
40.95
37.40
-13.29
fall in open interest, indicating long unwinding took
BANKINDIA
25170000
23.71
81.00
-7.21
place in yesterday’s session.
IGL
4378000
18.89
272.00
-1.37
In options front, they bought of Rs. 521 crores with rise in
GODREJIND
2545500
18.18
498.45
8.11
open interest. As far as Nifty options activities are
ICICIPRULI
3725800
17.03
354.65
1.51
considered, we saw decent unwinding in 10500-10800
SUNPHARMA
29513000
11.02
561.75
-4.49
call options. On the flip side, good amount of build-up
CEATLTD
892650
9.22
1256.50
5.49
was seen in 10200-10500 put options. Now, maximum
NCC
50824000
9.08
89.85
8.54
open interest for November series stands at
11000
followed by 10800 call and 10000 followed by 10200
put options.
OI Losers
Post Monday’s sell-off, we saw extension of this move
OI
PRICE
SCRIP
OI
PRICE
towards 10450 mark yesterday. However, strong buying
CHG. (%)
CHG. (%)
JUBLFOOD
2681500
-8.98
1151.35
4.73
emerged in the midst from the intraday low to conclude
WOCKPHARMA
3287700
-6.53
527.70
-7.14
the session with the gains of 100 points. In index futures
JUSTDIAL
2332400
-6.25
490.10
0.50
segment, some short covering was seen in Nifty; and
TECHM
12736800
-5.63
728.05
0.58
fresh longs were formed in the banking index.
Meanwhile, we also saw call writers of 10700 and
TATAGLOBAL
10534500
-5.57
219.95
2.51
10800 running for shelter seeing yesterday’s strong
COALINDIA
26160200
-5.55
265.55
0.57
recovering. Hence, we would advise trades to add fresh
JINDALSTEL
22817250
-5.52
182.55
1.13
long for the target of 10750-10800 in near term.
CANBK
8848000
-5.29
243.25
2.47
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ALBK
90.98
NIFTY
1.60
0.92
GODREJIND
52.49
BANKNIFTY
1.14
0.89
NCC
72.17
RELIANCE
0.57
0.60
SUNPHARMA
43.21
ICICIBANK
0.85
0.69
BANKINDIA
71.08
INFY
0.94
0.53
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Technical & Derivatives Report
November 14, 2018
FII Statistics for November 13, 2018
Turnover on November 13, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3334.73
3446.11
(111.37)
406510
31076.87
(0.43)
345183
22012.53
13.99
FUTURES
FUTURES
INDEX
INDEX
91943.64
91423.03
520.61
1009236
73115.41
3.13
11277744
627370.72
32.57
OPTIONS
OPTIONS
STOCK
12264.24
12868.15
(603.91)
1374307
81532.15
0.57
STOCK
FUTURES
852287
48657.95
8.15
FUTURES
STOCK
STOCK
6800.64
6794.32
6.31
149451
8970.19
1.95
642920
38320.50
12.59
OPTIONS
OPTIONS
Total
114343.25
114531.61
(188.36)
2939504
194694.62
1.36
TOTAL
74455
700968
28.83
Nifty Spot = 10582.50
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10600
143.05
Buy
10600
128.55
51.95
48.05
10651.95
34.20
65.80
10565.80
Sell
10700
91.10
Sell
10500
94.35
Buy
10600
143.05
Buy
10600
128.55
89.45
110.55
10689.45
59.60
140.40
10540.40
Sell
10800
53.60
Sell
10400
68.95
Buy
10700
91.10
Buy
10500
94.35
37.50
62.50
10737.50
25.40
74.60
10474.60
Sell
10800
53.60
Sell
10400
68.95
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 14, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
321
328
331
338
342
ASIANPAINT
1,268
1,276
1,286
1,295
1,304
AXISBANK
598
608
614
625
631
BAJAJ-AUTO
2,590
2,628
2,651
2,688
2,711
BAJFINANCE
2,200
2,243
2,275
2,318
2,351
BAJAJFINSV
5,499
5,535
5,572
5,609
5,646
BPCL
292
297
301
307
310
BHARTIARTL
284
291
297
304
311
INFRATEL
250
254
258
262
265
CIPLA
522
525
530
533
537
COALINDIA
262
264
266
268
271
DRREDDY
2,399
2,419
2,435
2,454
2,470
EICHERMOT
20,410
21,826
22,613
24,029
24,816
GAIL
358
362
366
369
373
GRASIM
848
862
871
885
894
HCLTECH
1,014
1,023
1,039
1,049
1,065
HDFCBANK
1,895
1,911
1,925
1,941
1,954
HDFC
1,768
1,797
1,813
1,841
1,857
HEROMOTOCO
2,772
2,826
2,862
2,916
2,953
HINDALCO
222
227
230
234
237
HINDPETRO
226
230
233
236
239
HINDUNILVR
1,620
1,646
1,662
1,688
1,704
IBULHSGFIN
822
832
848
859
875
ICICIBANK
343
352
357
366
371
IOC
135
138
140
143
146
INDUSINDBK
1,449
1,467
1,482
1,500
1,515
INFY
652
659
663
670
675
ITC
271
274
276
279
281
JSW STEEL
340
344
347
351
353
KOTAKBANK
1,128
1,147
1,159
1,178
1,191
LT
1,345
1,368
1,381
1,405
1,418
M&M
766
778
786
798
806
MARUTI
6,966
7,058
7,113
7,206
7,261
NTPC
150
154
156
159
161
ONGC
154
155
157
158
159
POWERGRID
180
182
185
187
190
RELIANCE
1,058
1,079
1,091
1,112
1,124
SBIN
271
274
277
281
283
SUNPHARMA
534
548
570
584
607
TCS
1,890
1,912
1,926
1,948
1,962
TATAMOTORS
176
178
180
182
185
TATASTEEL
574
582
587
594
599
TECHM
707
718
728
739
750
TITAN
872
885
892
905
913
ULTRACEMCO
3,676
3,753
3,801
3,878
3,926
UPL
707
722
731
746
755
VEDANTA
199
202
204
207
209
WIPRO
318
322
325
329
332
YESBANK
217
221
224
228
231
ZEEL
428
433
437
442
447
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Technical & Derivatives Report
November 14, 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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