Technical & Derivatives Report
December 14, 2018
Sensex (35930) / Nifty (10792)
Exhibit 1: Nifty Daily Chart
Yesterday’s gap up opening was clearly a follow up move of
Wednesday’s strong rally. Also, the global peers did not give any
kind of disappointment as they were trading firmly in the green.
Post the opening, index consolidated for a while and there was
some momentum seen during the midst of the session which
pushed the index well above the 10800 mark. However, a decent
profit booking in the latter half resulted into a close tad below the
opening point; eventually concluded with gains of half a percent.
Despite lot of uncertainty, last three sessions have been good for
our markets. For the day, we had mentioned a crucial range of
10800 - 10833. Yesterday, index saw some profit booking
precisely after testing the higher end of the range. Let us
understand why this level has some significance? On the hourly
chart, we had a breakdown from this crucial swing low on
December 05. Hence, this previous support is now acting as a
resistance. Secondly, we can see a convergence of two important
trend lines on daily chart precisely around the same level. Hence,
unless we see Nifty breaking out convincingly from this wall,
traders should avoid aggressive bets in the market. However,
having said that considering the broader market participation, we
will not be surprised to see it happen soon. Post the breakout, we
may see further leg in the upward direction getting unfolded
towards 10940 and above. On the downside, 10749 and
10700 are now seen as key support levels.
Key Levels
Support 1 - 10749
Resistance 1 -
10833
Support 2 - 10700
Resistance 2 -
10940
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (26816)
The Nifty Bank index started the session higher with another gap.
However, the index traded in a range throughout the day and
ended the session with gains of about 0.65 percent.
Yesterday's move was just a continuation of the momentum which
we had seen in last couple of trading sessions. There are no signs
of reversal and thus, traders are advised to continue to trade on
stock specific moves within the sector with a positive bias. The
intraday supports for the index are placed around 26607 and
26430 whereas resistance is seen around 27013.
Key Levels
Support 1 - 26607
Resistance 1 -
26880
Support 2 - 26430
Resistance 2 -
27013
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Technical & Derivatives Report
December 14, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.03%.
Bank Nifty futures open interest has decreased by 7.16%
as market closed at 10791.55 levels.
The Nifty December future closed with a premium of
33.40 points against a premium of 46.05 points in last
trading session. The January series closed at a premium
of 79.25 points.
The INDIA VIX has decreased from 15.81 to 15.55.
At the same time, the PCR-OI of Nifty has increased from
1.47 to 1.51.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, GRASIM, NHPC, JPASSOCIAT and
RCOM.
Views
OI Gainers
FIIs were net buyers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 675 crores. In index futures segment, they bought
CHG. (%)
CHG. (%)
PCJEWELLER
9416500
16.08
78.55
18.11
significantly of Rs. 2396 crores with some rise in open
CHOLAFIN
941500
13.37
1238.10
-0.21
interest, indicating blend of short covering along with
long formation in yesterday’s trading session.
GODREJIND
2040000
10.03
546.85
0.09
In options front, they bought of Rs. 3274 crores with fall
BERGEPAINT
2318800
9.68
316.75
-0.13
in open interest. As far as Nifty options activities are
KSCL
1275000
9.54
593.45
2.48
considered, we saw good amount of unwinding in
CONCOR
3387500
8.44
647.75
-0.81
10500-10800 call option along with some fresh OI
TORNTPHARM
369000
8.05
1785.65
0.52
addition in 10900-11100 strikes. On the flip side, we
WIPRO
29652000
7.89
338.65
2.58
saw huge amount of build-up in 10600-10900 put
options. Now, Maximum open interest for December
series now stands at 11000 call and 10000 put options.
OI Losers
Yesterday, we had a gap-up opening and index
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
surpassed 10800 mark too. However, due to some profit
BANKINDIA
23520000
-8.28
86.35
0.99
booking in the second half of the day, index concluded
L&TFH
18198000
-7.92
145.15
0.83
the session tad below 10800. In F&O space, we saw
ACC
1410800
-6.96
1500.85
1.36
some long formation in Nifty; whereas, short covering
ESCORTS
4563900
-6.19
659.25
0.05
took place in BankNifty. In options front, we saw massive
INDIANB
4330000
-5.09
239.05
4.57
writing in 10800 and 10900 put options, which hints we
HINDPETRO
19692750
-4.96
225.15
2.36
may see soon surpass the hurdle of 10800-10850.
GODREJCP
4843800
-4.43
808.70
4.15
Considering the above data, we expect continuation of
PFC
47201400
-4.27
86.15
0.93
this move towards
10900-11000. Thus, traders are
advised trading with a positive bias.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
PCJEWELLER
128.38
NIFTY
1.51
1.01
KSCL
54.84
BANKNIFTY
1.26
0.91
RAYMOND
54.56
RELIANCE
0.55
0.59
UJJIVAN
74.79
ICICIBANK
0.54
0.44
IDFCBANK
48.34
INFY
1.13
0.46
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Technical & Derivatives Report
December 14, 2018
FII Statistics for December 13, 2018
Turnover on December 13, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4500.52
2104.79
2395.73
349304
26967.00
0.64
298745
20065.79
-5.97
FUTURES
FUTURES
INDEX
INDEX
155314.45
152040.91
3273.54
834227
62091.44
(2.65)
30717160
1708664.97
102.93
OPTIONS
OPTIONS
STOCK
11363.68
11459.25
(95.56)
1481968
85837.32
0.00
STOCK
FUTURES
888695
48653.04
-3.15
FUTURES
STOCK
STOCK
8154.15
7894.76
259.39
146979
8159.38
4.31
812351
46400.45
8.16
OPTIONS
OPTIONS
Total
179332.80
173499.71
5833.10
2812478
183055.15
(0.51)
TOTAL
74455
700968
90.68
Nifty Spot = 10791.55
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
126.65
Buy
10800
103.20
49.85
50.15
10849.85
32.80
67.20
10767.20
Sell
10900
76.80
Sell
10700
70.40
Buy
10800
126.65
Buy
10800
103.20
82.35
117.65
10882.35
55.05
144.95
10744.95
Sell
11000
44.30
Sell
10600
48.15
Buy
10900
76.80
Buy
10700
70.40
32.50
67.50
10932.50
22.25
77.75
10677.75
Sell
11000
44.30
Sell
10600
48.15
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 14, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
366
369
373
375
379
ASIANPAINT
1,299
1,310
1,326
1,337
1,354
AXISBANK
611
615
620
625
630
BAJAJ-AUTO
2,784
2,810
2,848
2,874
2,912
BAJFINANCE
2,444
2,466
2,498
2,520
2,552
BAJAJFINSV
5,928
6,044
6,136
6,252
6,344
BPCL
326
331
334
338
342
BHARTIARTL
295
299
306
310
317
INFRATEL
246
248
250
252
254
CIPLA
512
520
527
534
541
COALINDIA
240
242
246
248
252
DRREDDY
2,539
2,568
2,596
2,626
2,654
EICHERMOT
22,619
22,962
23,543
23,887
24,468
GAIL
337
342
345
350
353
GRASIM
805
817
828
840
850
HCLTECH
956
967
975
986
994
HDFCBANK
2,072
2,087
2,106
2,120
2,140
HDFC
1,910
1,926
1,944
1,960
1,978
HEROMOTOCO
3,159
3,239
3,289
3,369
3,419
HINDALCO
215
218
221
224
227
HINDPETRO
218
222
224
228
230
HINDUNILVR
1,823
1,839
1,853
1,870
1,884
IBULHSGFIN
725
750
778
803
831
ICICIBANK
344
347
350
353
357
IOC
135
136
138
139
140
INDUSINDBK
1,554
1,582
1,605
1,633
1,656
INFY
673
685
693
705
713
ITC
270
273
276
279
282
JSW STEEL
289
293
300
305
311
KOTAKBANK
1,212
1,238
1,255
1,281
1,298
LT
1,397
1,412
1,420
1,435
1,443
M&M
738
749
757
767
776
MARUTI
7,394
7,532
7,616
7,755
7,839
NTPC
139
140
141
142
143
ONGC
140
142
143
145
146
POWERGRID
180
181
182
183
184
RELIANCE
1,077
1,092
1,110
1,125
1,143
SBIN
281
285
290
293
298
SUNPHARMA
412
417
423
428
434
TCS
1,940
1,962
1,996
2,017
2,051
TATAMOTORS
164
166
167
168
169
TATASTEEL
496
504
516
524
536
TECHM
691
700
706
716
722
TITAN
906
925
943
962
980
ULTRACEMCO
3,885
3,917
3,957
3,989
4,029
UPL
760
767
778
785
796
VEDANTA
196
198
201
203
205
WIPRO
322
330
337
345
352
YESBANK
159
167
180
188
201
ZEEL
478
486
491
499
504
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Technical & Derivatives Report
December 14, 2018
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
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E-mail: [email protected]
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