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Technical & Derivatives Report
November 14
, 2019
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Sensex (
116
) / Nifty
(1
1
840
)
Post the mid-week holiday, our markets started the session on a
flat note. The index consolidated in a range for most part of the
day but witnessed selling pressure in the last hour and ended the
day with a cut of more than half-a-percent.
In last few trading sessions, our markets have been consolidating
in a narrow range of 11840-12000. The index witnessed some
selling pressure in the last hour yesterday which led to the index
closing near the lower end of the range. Hence, today’s follow up
move would be more important to see the near term move. In
case we see a follow up selling, the index could see correction
upto its next support range of 11750-11700. However, as
mentioned in our earlier report, since we have a ‘Higher Top
Higher Bottom’ structure on the chart, we would interpret this as a
correction within an uptrend and hence, this correction would
again provide a good opportunity for positional traders to
accumulate stocks at dips. On the flipside, yesterday’s high of
11950 would be the immediate resistance to watch out for and a
breakout above the same could lead to a resumption of the
uptrend. Hence, traders are advised to follow a stock specific
approach at the moment and use declines if any towards the
mentioned support range to look for buying opportunities.
Key Levels
Support 1 – 11750 Resistance 1 – 11950
Support 2 – 11700 Resistance 2 – 12000
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
3
0541
)
Bank Nifty started on a flat note and it lacked follow up move to
Monday’s strong up move. The bank index gave all its Monday’s
gain and eventually ended in red with a loss of around 1.84% at
30541 levels.
On the daily chart,the bank index failed to cross Monday’s high
and in fact, it closed below its low. The coming session will be
crucial as if there’s follow up selling then the bank index may see
further profit booking towards 30200 – 30000 levels. Having said
that the primary trend remains positive and the said correction
towards the neckline of trend line breakout formed by two major
tops will act as anopportunity to accumulate on a dip. On the
flip side, immediate resistance is placed around 31000 followed
by the last two sessions high at 31200. Traders are advised to
focus on stocks within the sector which are giving outperforming
opportunities.
Key Levels
Support 1 – 30200 Resistance 1 – 31000
Support 2 – 30000 Resistance 2 – 31200
Exhibit 2: Nifty Bank Daily Chart
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Nifty Vs OI
Views
We began yesterdays session on a flat note and saw
some range-bound move for the major part of the day.
in the final hour, strong selling was witnessed to drag
index below 11850 mark on the closing basis.
FIIs were net buyers in the cash market segment to the
tune of Rs. 585 cr. In index futures, they sold worth
Rs. 172 crores with ga ood amount of rise in open
interest, indicating formation of mixed positions in the
previous trading session.
In the recent rally seen, we saw a good amount of long
formation in both the indices and the majority of these
positions are still intact in the system. In yesterday’s fall,
we hardly saw any relevant shorting in the index futures
segment. At present, the highest open interest
concentration is seen in 11800 put, which may act as a
base now; whereas, on the flip side around 12000 lies
a hurdle. Considering the overall F&O activities, we
continue to remain upbeat on the market and would
advise traders to declines to add-on fresh longs.
Comments
The Nifty futures open interest has increased by 1.73%
Bank Nifty futures open interest has decreased 9.17% as
market closed at 11840.45 levels.
The Nifty October future closed with a premium of 22.80
points against a premium of 30.25 points in last trading
session. The November series closed at a premium of
65.75 points.
The INDIA VIX has increased from 16.25 to 16.46.
At the same time, the PCR-OI of Nifty has decreased
from 1.28 to 1.09.
Few of the liquid counters where we have seen high cost
of carry are PIDILITIND, NMDC, FEDERALBNK, MFSL and
NBCC.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
CENTURYTEX 2971200 44.42 390.45 0.59
SUNTV 3620600 31.61 470.10 -11.45
MFSL 5420500 13.98 472.35 0.60
JUSTDIAL 4159400 12.67 512.55 -7.43
ASHOKLEY 91404000 11.76 80.60 1.66
EQUITAS 10416700 11.59 85.90 -5.62
BATAINDIA 2683450 10.69 1684.70 -1.08
ICICIPRULI 7401000 10.43 529.20 0.36
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
JINDALSTEL 40316800 -8.46 142.15 -5.88
ESCORTS 4843300 -7.62 651.80 -3.12
JUBLFOOD 2342000 -7.17 1577.80 -2.95
COALINDIA 23460700 -5.85 207.25 -1.38
BANKINDIA 22092000 -5.59 65.50 -2.75
UBL 1904700 -5.55 1242.25 -0.70
CASTROLIND 4879000 -4.71 144.70 -1.53
BEL 28476000 -4.51 109.10 -0.23
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.09 0.84
BANKNIFTY 0.76 0.85
RELIANCE 0.72 0.53
ICICIBANK 0.81 0.75
INFY 0.57 0.59
Historical Volatility
SCRIP HV
SUNTV 72.58
NIITTECH 42.57
JUSTDIAL 60.17
ADANIPOWER 51.38
SUNTV 72.58
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Note: Above mentioned Bullish or Bearish Spreads in Nifty (November Series) are given as an information and not as a recommendation.
Nifty Spot
=
1
1
840
.45
Lot Size = 75
FII Statistics for
Nov
ember
13
, 2019
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
3617.89 3789.71 (171.82) 199753 16636.88 3.16
INDEX
OPTIONS
294384.48 294233.03 151.45
635038 52038.55 (1.35)
STOCK
FUTURES
12593.78 12981.37 (387.59) 1560150 90846.25 1.32
STOCK
OPTIONS
5457.42 5532.84 (75.42) 85924 4836.13 8.77
Total 316053.57
316536.95
(483.38) 2480865
164357.81
1.00
Turnover on
November
13
, 2019
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
326838 23417.06 15.07
INDEX
OPTIONS
17877618 1253208.29 53.78
STOCK
FUTURES
857334 46308.42 19.46
STOCK
OPTIONS
807944 47412.87 22.74
TOTAL 1,98,69,734
1370346.64 50.14
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 11800 171.80
57.50 42.50 11857.50
Sell 11900 114.30
Buy 11800 171.80
99.90 100.10 11899.90
Sell 12000 71.90
Buy 11900 114.30
42.40 57.60 11942.40
Sell 12000 71.90
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 11800 110.05
31.65 68.35 11768.35
Sell 11700 78.40
Buy 11800 110.05
55.50 144.50 11744.50
Sell 11600 54.55
Buy 11700 78.40
23.85 76.15 11676.15
Sell 11600 54.55
Nifty Put-Call Analysis
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Da
ily
Pivot
Levels for Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 355 363
377 385 400
ASIANPAINT 1,741 1,756
1,771 1,786 1,802
AXISBANK 689 700
719 730 748
BAJAJ-AUTO 3,160 3,183
3,214 3,237 3,268
BAJFINANCE 4,108 4,126
4,151 4,169 4,194
BAJAJFINSV 8,782 8,880
8,954 9,052 9,125
BPCL 498 504
514 520 529
BHARTIARTL 362 365
369 373 377
INFRATEL 213 216
219 221 225
BRITANNIA 3,157 3,214
3,256 3,313 3,355
CIPLA 441 444
450 453 459
COALINDIA 200 204
210 213 220
DRREDDY 2,712 2,737
2,781 2,806 2,850
EICHERMOT 20,835 21,093
21,459 21,717 22,083
GAIL 119 121
126 128 132
GRASIM 716 728
748 760 781
HCLTECH 1,122 1,130
1,143 1,152 1,165
HDFCBANK 1,244 1,251
1,260 1,267 1,277
HDFC 2,175 2,191
2,212 2,228 2,248
HEROMOTOCO 2,545 2,567
2,597 2,619 2,650
HINDALCO 186 190
196 199 205
HINDUNILVR 2,064 2,077
2,086 2,100 2,109
ICICIBANK 475 480
489 494 503
IOC 132 133
134 135 137
INDUSINDBK 1,375 1,394
1,428 1,448 1,482
INFY 681 686
693 698 705
ITC 249 252
255 258 262
JSW STEEL 243 246
250 253 258
KOTAKBANK 1,585 1,595
1,612 1,622 1,639
LT 1,370 1,381
1,401 1,412 1,431
M&M 567 571
576 580 585
MARUTI 7,065 7,110
7,140 7,185 7,215
NESTLEIND 13,952 14,092
14,211 14,352 14,470
NTPC 117 117
118 119 120
ONGC 136 137
139 140 142
POWERGRID 185 187
191 193 197
RELIANCE 1,414 1,443
1,459 1,489 1,505
SBIN 297 302
310 315 323
SUNPHARMA 399 406
416 423 433
TCS 2,094 2,136
2,160 2,202 2,226
TATAMOTORS 165 168
172 175 179
TATASTEEL 384 391
400 407 416
TECHM 731 744
759 772 787
TITAN 1,142 1,150
1,159 1,167 1,176
ULTRACEMCO 4,064 4,090
4,131 4,157 4,198
UPL 529 535
545 551 560
VEDANTA 143 146
150 153 157
WIPRO 248 251
255 257 262
YESBANK 62 65
70 73 78
ZEEL 282 286
294 299 307
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November 14
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