Technical & Derivatives Report
October 16, 2018
Sensex (34865) / Nifty (10512)
Exhibit 1: Nifty Daily Chart
Trading for the week began with a decent bump up but this early
morning lead immediately got sold into. Some of the heavyweight
constituents like, HUL, ICICI Bank and L&T were correcting
considerably and hence, index came off sharply during the midst
of the day towards the 10400 mark. This important intraday
junction provided rock solid support for our market and as a
result, we witnessed a v-shaped recovery in the latter half to
reclaim the psychological figure of 10500 on a closing basis.
After Friday’s strong close, the follow up session was not as easy
as one would have expected for; but, we must say that all’s well
that ends well. Despite some intraday hiccups, the bulls managed
to come back strongly and held their ground to show some
encouraging signs. With yesterday’s move, we would like to
highlight a notable reading on the ‘RSI-Smoothened’ oscillator.
Due to recent correction, this important technical indicator slipped
well inside the oversold territory and now it is attempting to take a
u-turn by confirming a positive crossover on it. It is construed as a
bullish sign and hence, going ahead, we expect this relief rally to
extend towards 10650 - 10750. On the downside, yesterday’s
low of 10410 would now be seen as a key support.
During the day, although some of the heavyweight names
remained under pressure, the ‘Pharmaceutical’ index stood out
well as we saw a good buying interest almost in all constituents.
Apart from this, the midcap universe was bucking the trend in the
intraday correction that our benchmarks witnessed. Hence, one
must look to buy this strength from the midcap basket and should
rather focus on such potential candidates.
Key Levels
Support 1 - 10450
Resistance 1 -
10547
Support 2 - 10410
Resistance 2 -
10650
Nifty Bank Outlook - (25388)
Exhibit 2: Nifty Bank Daily Chart
Post showing some marginal correction during the day, the Nifty
Bank index recovered in the latter half of the trade yesterday and
ended the day almost flat.
If we observe the recent daily chart, it is seen that the Nifty Bank
index breached its '20 DEMA' on 3rd of September. Since then,
the trend has been negative and the index has not yet crossed
above the mentioned average. Now in the recovery of last couple
of sessions, the index has resisted around its '20DEMA' which is
placed around 25500. Hence, traders should be vigilant of the
mentioned level as a crossover above the same should then lead
to further up move in the index towards 25820. On the flipside
25147 followed by 24975 as re now seen as immediate supports.
Key Levels
Support 1 - 25147
Resistance 1 -
25500
Support 2 - 24975
Resistance 2 -
25820
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Technical & Derivatives Report
October 16, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.55%
Bank Nifty futures open interest has increased by 2.32%
as market closed at 10512.50 levels.
The Nifty October future closed with a premium of 4.95
points against a premium of 30.70 points in last trading
session. The November series closed at a premium of
51.10 points.
The INDIA VIX has increased from 18.62 to 18.88.
At the same time, the PCR-OI of Nifty has decreased
from 1.21 to 1.20.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, HCC, SOUTHBANK, IFCI
and JPASSOCIAT.
Views
OI Gainers
FIIs activity in cash market segment remained muted
OI
PRICE
SCRIP
OI
PRICE
yesterday. At the same time, they sold worth
CHG. (%)
CHG. (%)
Rs. 1208 crores in index futures with some fall in open
KOTAKBANK
11460800
11.55
1170.45
0.12
interest, indicating blend of long unwinding and fresh
VGUARD
2454000
8.78
177.60
1.42
short formation took place in previous trading session.
INFRATEL
6392000
8.08
268.60
1.47
In options front, they bought of Rs. 1533 crores with rise
AJANTPHARM
591000
7.95
1030.00
0.63
in open interest. As far as Nifty options activities are
PIDILITIND
3309000
7.02
988.95
-0.57
considered, fresh OI addition was seen in 10700-10900
BAJAJFINSV
741875
6.96
5634.25
-2.66
call options; followed by unwinding in 10200 strike. On
RBLBANK
5031600
6.21
527.15
-0.37
the flip side, 10200-10500 puts added decent positions.
NBCC
25824000
6.09
54.25
1.49
Maximum open interest for October series now stood at
11000 followed by 10700 call and in put options is
firmly placed in 10000 strike.
OI Losers
Post Friday’s strong recovering, we started-off the week
OI
PRICE
SCRIP
OI
PRICE
with an upside gap; but this gains were short lived as we
CHG. (%)
CHG. (%)
NIITTECH
1681500
-8.68
1095.20
4.47
saw selling pressure to drag index towards the support
KSCL
1063500
-5.47
509.50
-1.01
zone of 10400. Some buying interest from these support
resulted in a V-shaped recovery to conclude the session
TORNTPOWER
1920000
-5.04
235.10
-0.25
above 10500 mark. Once again, we saw decent writing
CESC
5869050
-4.98
904.55
0.20
in 10400 put options; in fact, some writing was also seen
BATAINDIA
1707200
-4.79
929.50
1.03
in
10500 puts. Looking at above data, we expect
GODFRYPHLP
536200
-4.37
735.60
0.77
extension of recent short covering move towards
MARICO
8317400
-4.02
315.30
0.54
10600-10650.
ITC
73696800
-3.96
282.50
2.49
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TV18BRDCST
79.73
NIFTY
1.20
0.75
TATACOMM
44.02
BANKNIFTY
1.21
0.82
CIPLA
33.11
RELIANCE
0.56
0.52
LUPIN
44.56
ICICIBANK
0.47
0.55
DRREDDY
44.57
INFY
1.05
0.61
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Technical & Derivatives Report
October 16, 2018
FII Statistics for October 15, 2018
Turnover on October 15, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3282.32
4489.86
(1207.53)
279162
22138.14
(0.69)
290743
25068.00
-1.93
FUTURES
FUTURES
INDEX
INDEX
93985.01
92451.98
1533.03
1026642
84062.70
4.75
6208555
574353.56
14.30
OPTIONS
OPTIONS
STOCK
14401.75
13927.89
473.86
1284984
84459.28
(0.67)
STOCK
FUTURES
773668
49164.67
-12.43
FUTURES
STOCK
STOCK
7125.87
7220.48
(94.60)
137452
9015.84
5.61
624271
44180.00
-12.99
OPTIONS
OPTIONS
Total
118794.96
118090.21
704.75
2728240
199675.97
1.61
TOTAL
7897237
692766.23
9.10
Nifty Spot = 10512.50
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10500
135.60
Buy
10500
119.55
48.95
51.05
10548.95
34.65
65.35
10465.35
Sell
10600
86.65
Sell
10400
84.90
Buy
10500
135.60
Buy
10500
119.55
83.85
116.15
10583.85
60.10
139.90
10439.90
Sell
10700
51.75
Sell
10300
59.45
Buy
10600
86.65
Buy
10400
84.90
34.90
65.10
10634.90
25.45
74.55
10374.55
Sell
10700
51.75
Sell
10300
59.45
Note: Above mentioned Bullish or Bearish Spreads in Nifty (October Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
October 16, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
310
315
321
327
332
ASIANPAINT
1,234
1,242
1,250
1,258
1,265
AXISBANK
561
569
577
585
593
BAJAJ-AUTO
2,543
2,582
2,615
2,653
2,686
BAJFINANCE
2,237
2,272
2,296
2,330
2,354
BAJAJFINSV
5,483
5,559
5,687
5,763
5,891
BPCL
268
282
292
306
315
BHARTIARTL
280
286
289
295
298
INFRATEL
262
265
268
272
275
CIPLA
607
627
639
659
670
COALINDIA
268
272
276
280
285
DRREDDY
2,394
2,480
2,530
2,617
2,667
EICHERMOT
22,389
22,912
23,523
24,046
24,657
GAIL
332
342
351
360
370
GRASIM
872
885
894
907
917
HCLTECH
970
987
996
1,013
1,023
HDFCBANK
1,956
1,982
1,996
2,022
2,037
HDFC
1,672
1,703
1,734
1,764
1,796
HEROMOTOCO
2,840
2,861
2,888
2,908
2,935
HINDALCO
221
226
230
235
238
HINDPETRO
198
205
212
219
226
HINDUNILVR
1,447
1,487
1,540
1,580
1,633
IBULHSGFIN
924
936
948
961
973
ICICIBANK
305
309
314
318
322
IOC
127
131
133
137
140
INDUSINDBK
1,549
1,588
1,628
1,667
1,707
INFY
672
685
695
709
719
ITC
273
278
281
285
288
JSW STEEL
368
373
377
381
385
KOTAKBANK
1,144
1,157
1,171
1,184
1,197
LT
1,192
1,204
1,221
1,233
1,249
M&M
717
733
754
770
792
MARUTI
7,002
7,092
7,216
7,306
7,430
NTPC
163
164
165
166
166
ONGC
155
158
159
162
163
POWERGRID
184
186
188
190
192
RELIANCE
1,106
1,123
1,135
1,152
1,164
SBIN
259
261
263
266
268
SUNPHARMA
580
590
597
607
613
TCS
1,906
1,928
1,942
1,963
1,977
TATAMOTORS
181
183
185
186
188
TATASTEEL
559
565
572
577
585
TECHM
667
681
695
709
723
TITAN
779
793
803
817
826
ULTRACEMCO
3,572
3,640
3,730
3,798
3,888
UPL
614
625
632
643
649
VEDANTA
204
207
212
215
220
WIPRO
311
315
319
323
327
YESBANK
237
242
246
251
255
ZEEL
458
465
470
477
482
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Technical & Derivatives Report
October 16, 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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