Technical & Derivatives Report
November 15, 2017
Sensex (32942) / Nifty (10187)
Exhibit 1: Nifty Daily Chart
For the second straight session, our markets remained under
pressure and closed almost at the lowest point of the day.
There was only one attempt made to recover in the
penultimate hour; but we saw index failing to sustain around
the 10220 mark due to decent supply around the hourly ‘200-
SMA’.
Yesterday’s corrective move was quite evident after seeing
decisive close on Monday below the ’20-day EMA’. The
impetus then was provided by the declining ‘RSI-Smoothened’;
resulting into a fall below the 10200 mark. Now, as the time
passing, we are seeing confirmation of various technical tools
that are negatively poised and are hinting towards the
extended correction over the next few days. Going ahead,
10223 followed by 10266 would act as a strong resistance
and any bounce back in this zone is an opportunity to exit
existing longs for the momentum traders. On the flipside, we
would see index retesting lower levels of 10123 - 10054 in
days to come. Traders are repeatedly advised to stay light on
positions and avoid taking undue risks.
As far as sectoral bets are concerned, we remain upbeat on
selective IT (especially Midcap IT) names along with some
‘Pharmaceutical’ and ‘Media’ counters.
Key Levels
Support 1 - 10123
Resistance 1 - 10223
Support 2 - 10054
Resistance 2 - 10266
Nifty Bank Outlook - (25285)
Exhibit 2: Nifty Bank Daily Chart
Post a flat opening, the Nifty Bank index continued with the
corrective move in yesterday's trading session. Post noon, the
index consolidated near its 'Hourly 89EMA' support and ended
the session with a minor loss of 0.29 percent.
As far as the index is concerned, the consolidation phase
continues in the banking space as the index is witnessing
range bound trades with momentum seen on stock specific
moves. Intraday and swing traders should hence avoid taking
directional beta on the index and rather look for stock specific
opportunities. The intraday supports for the Nifty Bank index
are placed around 25220 and 25100 whereas resistance is
seen in the range of 25400-25450.
Key Levels
Support 1 - 25220
Resistance 1 - 25400
Support 2 - 25100
Resistance 2 - 25450
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Technical & Derivatives Report
November 15, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 3.85%
BankNifty futures open interest has decreased by 1.90%
as market closed at 10186.60 levels.
The Nifty November future closed with a premium of 47
points against a premium of 44.45 points in last trading
session. The December series closed at a premium of
87.45 points.
The INDIA VIX has increased from 14.04 to 14.16. At the
same time, the PCR-OI of Nifty has decreased from 1.22
to 1.19 level.
Few of the liquid counters where we have seen high cost
of carry are RNAVAL, ANDHRABANK, EQUITAS,
CONCOR and SUZLON.
Views
FIIs were net buyers in cash market segment to the tune
OI Gainers
of Rs. 2577 crores. While, they were sellers of Rs. 824
OI
PRICE
crores in index futures with fall in open interest,
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
suggesting long unwinding took place in yesterday's
INFRATEL
12114200
35.73
397.55
-4.04
trading session.
REPCOHOME
1096900
26.58
634.50
6.62
In index options front, they sold worth Rs. 989 crores with
VOLTAS
3068000
26.00
599.65
3.91
decline in open interest. In call options, fresh build-up
CADILAHC
5168000
21.34
450.10
0.09
was seen in 10200 and 10300 strikes. On the other side,
BATAINDIA
2268200
18.64
786.65
-0.53
we hardly saw any strike adding relevant open interest in
IBULHSGFIN
12740000
13.60
1198.60
-0.02
put options; however good amount of unwinding was
TATAGLOBAL
31113000
13.23
247.65
5.41
witnessed in 10000-10400 strikes. At present, highest
MARICO
6580600
12.34
298.95
-3.49
open interest remains intact at 10500 call and 10200
put options.
Yesterday's market extended its loss for second
OI Losers
OI
PRICE
consecutive session. Since past couple of days, FIIs have
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
been forming good amount of short positions in index
OFSS
67200
-17.04
3647.10
-0.21
futures and they also un-winded some of their existing
AMARAJABAT
1956500
-13.50
800.25
1.41
longs. At the same time, they also formed long positions
GODFRYPHLP
588500
-11.37
1039.35
-1.06
in index options segment. Considering the above data
JUSTDIAL
3212600
-10.29
542.30
2.39
points, we believe market may witness further pain in
BRITANNIA
803400
-8.18
4791.35
-2.42
near term. Thus, any bounce back shall be an
JPASSOCIAT
207094000
-6.15
19.85
-7.46
opportunity to buy puts of current series.
NESTLEIND
131100
-5.41
7662.10
-0.87
HDFC
11408500
-4.99
1670.65
-0.56
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MARICO
23.80
NIFTY
1.19
0.86
NCC
58.42
BANKNIFTY
0.99
0.78
REPCOHOME
48.49
TATAMOTORS
0.33
0.32
VOLTAS
34.48
YESBANK
0.33
0.36
HEROMOTOCO
21.06
RELIANCE
0.39
0.35
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Technical & Derivatives Report
November 15, 2017
FII Statistics for November 14, 2017
Turnover on November 14, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2068.41
2889.03
(820.62)
345203
27165.83
(4.26)
177007
15099.43
7.97
FUTURES
FUTURES
INDEX
INDEX
50675.72
51664.85
(989.13)
1075468
84656.75
(2.79)
4416278
405478.51
35.98
OPTIONS
OPTIONS
STOCK
6250.64
8117.00
(1866.36)
1015308
69905.40
0.32
STOCK
FUTURES
650544
45495.53
-8.25
FUTURES
STOCK
STOCK
5956.44
5885.49
70.95
120101
8374.98
1.17
445600
32953.58
-15.38
OPTIONS
OPTIONS
Total
64951.21
68556.36
(3605.16)
2556080
190102.95
(1.60)
TOTAL
5689429
499027.06
24.54
Nifty Spot = 10186.60
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10200
121.55
Buy
10200
85.35
49.45
50.55
10249.45
32.70
67.30
10167.30
Sell
10300
72.10
Sell
10100
52.65
Buy
10200
121.55
Buy
10200
85.35
83.20
116.80
10283.20
53.05
146.95
10146.95
Sell
10400
38.35
Sell
10000
32.30
Buy
10300
72.10
Buy
10100
52.65
33.75
66.25
10333.75
20.35
79.65
10079.65
Sell
10400
38.35
Sell
10000
32.30
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 15, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
401
406
412
417
423
AMBUJACEM
266
269
272
275
278
ASIANPAINT
1,138
1,146
1,161
1,170
1,185
AUROPHARMA
682
692
705
715
729
AXISBANK
525
536
543
553
560
BAJAJ-AUTO
3,168
3,217
3,252
3,301
3,336
BAJFINANCE
1,699
1,727
1,748
1,776
1,798
BPCL
481
487
494
500
506
BHARTIARTL
489
494
499
504
509
INFRATEL
383
390
398
405
413
BOSCHLTD
19,406
19,541
19,765
19,900
20,124
CIPLA
589
596
605
611
620
COALINDIA
269
272
274
276
278
DRREDDY
2,287
2,304
2,327
2,343
2,367
EICHERMOT
28,897
29,493
30,208
30,804
31,519
GAIL
441
449
455
463
469
HCLTECH
855
862
874
881
892
HDFCBANK
1,788
1,795
1,807
1,814
1,826
HDFC
1,643
1,652
1,667
1,677
1,692
HEROMOTOCO
3,550
3,603
3,633
3,685
3,715
HINDALCO
256
259
262
264
267
HINDPETRO
400
406
414
420
428
HINDUNILVR
1,274
1,279
1,284
1,289
1,294
IBULHSGFIN
1,144
1,169
1,187
1,211
1,229
ICICIBANK
306
310
314
318
321
IOC
378
383
390
395
403
INDUSINDBK
1,596
1,617
1,640
1,661
1,684
INFY
937
943
949
955
961
ITC
253
255
258
260
263
KOTAKBANK
988
993
998
1,004
1,009
LT
1,187
1,199
1,218
1,230
1,249
LUPIN
820
828
836
844
852
M&M
1,404
1,417
1,428
1,440
1,451
MARUTI
8,062
8,093
8,139
8,170
8,216
NTPC
173
175
178
181
184
ONGC
179
181
183
184
187
POWERGRID
203
205
208
210
213
RELIANCE
863
875
885
897
907
SBIN
323
326
330
333
338
SUNPHARMA
506
516
527
537
548
TCS
2,677
2,696
2,726
2,745
2,775
TATAMOTORS
404
409
416
421
427
TATASTEEL
674
680
687
693
701
TECHM
475
481
488
495
502
ULTRACEMCO
4,328
4,345
4,367
4,384
4,406
UPL
730
737
745
751
760
VEDANTA
301
305
312
316
323
WIPRO
293
296
298
301
303
YESBANK
299
301
304
305
308
ZEEL
537
539
542
545
547
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Technical & Derivatives Report
November 15, 2017
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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