Technical & Derivatives Report
November 16, 2018
Sensex (35261) / Nifty (10617)
Exhibit 1: Nifty Daily Chart
Our markets opened flat yesterday in the midst of mixed global
cues. Subsequently, index consolidated during the first half; but
some momentum was seen during the latter half. Index made
several attempts to surpass its recent ceiling of 10650. However,
once again unable to do so and eventually closed tad above
10600.
It was yet another day of consolidation on the index front; but
look at the way some of the individual stocks moved. In fact, due
to this strong buying in few pockets, index should have overcome
its hurdle of 10650. But, repeatedly in the last couple of weeks,
bulls are unable to surpass this. Generally, when a particular
level is tested repeatedly, it either gets violated with a gap or
becomes a turning point. In our sense, we may see index going
beyond this quite soon and then head towards 10700 - 10750
levels. Having said that traders should wait for this development
to happen and then accordingly should plan their strategy. On
the downside, 10580 followed by 10550 would be seen as
immediate supports.
Yesterday, Banking index took the charge and has managed to
give a smart move in the second half. In fact, Bank Nifty went on
to close beyond its crucial resistance and hence, if Nifty has to
surpass its hurdle, banking conglomerates would play a vital role
in this development. Hence, do watch out closely how this pocket
behaves in the forthcoming session.
Key Levels
Support 1 - 10580
Resistance 1 -
10650
Support 2 - 10550
Resistance 2 -
10700
Nifty Bank Outlook - (26155)
Exhibit 2: Nifty Bank Daily Chart
Bank Nifty Index continues to outperform as compared to
benchmark index nifty as the banking index was up by 0.87% to
end at 26154.80.
Following the bullish breakout witnessed in the previous session
around 25900 levels, the bank index witnessed one more round
of positive session and has ended well above the resistance of
200DMA(26040). Going ahead technically, we sense the
momentum to continue for the next few sessions and the relief
rally can extend towards 26320 to 26810 levels. On the other
side, previous resistance around 25900 will now act as a strong
support and any dip towards the same can be used as a buying
opportunity.
Key Levels
Support 1 - 26040
Resistance 1 -
26320
Support 2 - 25900
Resistance 2 - 26500
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Technical & Derivatives Report
November 16, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.01%.
Bank Nifty futures open interest has increased by 12.94%
as market closed at 10616.70 levels.
The Nifty November future closed with a premium of
13.85 points against a premium of 28.70 points in last
trading session. The December series closed at a
premium of 57.50 points.
The INDIA VIX has decreased from 18.82 to 18.45.
At the same time, the PCR-OI of Nifty has increased from
1.57 to 1.61.
Few of the liquid counters where we have seen high cost
of carry are RCOM, ADANIPOWER, JPASSOCIAT, IFCI
and HCC.
Views
OI Gainers
FIIs were net buyers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of 2043 crores. In index futures segment, they were
CHG. (%)
CHG. (%)
buyers of Rs. 419 crores in index futures with rise in open
APOLLOHOSP
1329500
113.40
1262.10
8.40
interest, indicating fresh long formation in yesterday’s
MOTHERSUMI
34725150
19.92
143.50
-7.33
session.
NBCC
25032000
15.41
60.50
-8.46
In options front, they bought of Rs. 2238 crores with
ADANIENT
46756000
14.33
162.85
0.90
some fall in open interest. As far as Nifty options
UJJIVAN
4755200
13.61
234.15
7.73
activities are considered, we saw some build-up in
JUSTDIAL
2633400
13.59
510.50
6.28
10700 and 10800 call options. On the flip side, decent
PCJEWELLER
10045000
12.80
75.70
-11.34
amount of build-up was seen in 10600 put options;
INDIGO
4288200
10.84
1043.95
-0.35
followed by unwinding 10400 and 10600 strikes. Now,
maximum open interest for November series stands at
11000 followed by 10800 call and 10000 followed by
OI Losers
10200 put options.
OI
PRICE
SCRIP
OI
PRICE
Finally we could manage to conclude the session above
CHG. (%)
CHG. (%)
SHREECEM
111550
-13.09
15858.40
3.63
10600 mark. In index futures segment, especially
JETAIRWAYS
5427000
-12.31
320.90
20.07
banking index continued adding good amount of longs;
MGL
1399800
-11.60
855.55
1.53
whereas, open interest activity in Nifty remained muted.
UBL
2279200
-10.57
1312.45
0.55
Meanwhile, we also decent writing in 10600 put options.
In November series, FIIs have been pouring liquidity
KOTAKBANK
11894400
-7.65
1162.25
3.07
through cash segment, which is a positive indication.
DABUR
14397500
-6.52
388.85
2.67
Hence, we would advise trades to add fresh long for the
RAMCOCEM
691200
-5.98
628.70
2.74
target of 10750-10800 in near term.
MARUTI
2278125
-5.52
7478.30
1.39
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
IDEA
75.84
NIFTY
1.61
0.87
GRASIM
53.43
BANKNIFTY
1.59
0.85
JETAIRWAYS
135.74
RELIANCE
0.53
0.62
APOLLOHOSP
53.90
ICICIBANK
0.90
0.62
PAGEIND
60.05
INFY
0.87
0.52
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Technical & Derivatives Report
November 16, 2018
FII Statistics for November 15, 2018
Turnover on November 15, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3690.74
3271.96
418.79
427624
32430.34
3.71
307633
19497.55
-22.02
FUTURES
FUTURES
INDEX
INDEX
124810.76
122572.40
2238.36
1010283
73881.04
(0.47)
27021628
1449323.33
67.60
OPTIONS
OPTIONS
STOCK
13014.68
13582.94
(568.26)
1411422
83066.71
1.04
STOCK
FUTURES
886024
49879.54
-16.74
FUTURES
STOCK
STOCK
7965.30
7752.74
212.56
162483
9772.51
3.60
734475
42001.25
-17.04
OPTIONS
OPTIONS
Total
149481.47
147180.03
2301.44
3011812
199150.61
1.03
TOTAL
74455
700968
56.03
Nifty Spot = 10616.70
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10600
141.40
Buy
10600
108.75
53.80
46.20
10653.80
32.15
67.85
10567.85
Sell
10700
87.60
Sell
10500
76.60
Buy
10600
141.40
Buy
10600
108.75
91.80
108.20
10691.80
55.70
144.30
10544.30
Sell
10800
49.60
Sell
10400
53.05
Buy
10700
87.60
Buy
10500
76.60
38.00
62.00
10738.00
23.55
76.45
10476.45
Sell
10800
49.60
Sell
10400
53.05
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 16, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
324
335
341
353
359
ASIANPAINT
1,303
1,311
1,321
1,329
1,340
AXISBANK
601
614
623
635
645
BAJAJ-AUTO
2,638
2,654
2,676
2,692
2,714
BAJFINANCE
2,262
2,302
2,325
2,365
2,388
BAJAJFINSV
5,514
5,556
5,620
5,662
5,726
BPCL
303
312
318
327
333
BHARTIARTL
294
299
303
308
312
INFRATEL
249
252
257
260
265
CIPLA
509
514
520
525
530
COALINDIA
260
261
264
266
268
DRREDDY
2,422
2,442
2,470
2,490
2,518
EICHERMOT
23,009
23,477
23,760
24,228
24,510
GAIL
338
343
349
353
359
GRASIM
760
784
820
844
879
HCLTECH
953
971
1,000
1,018
1,047
HDFCBANK
1,915
1,945
1,961
1,991
2,007
HDFC
1,811
1,833
1,845
1,866
1,879
HEROMOTOCO
2,826
2,874
2,904
2,953
2,983
HINDALCO
222
228
231
237
241
HINDPETRO
234
242
246
254
259
HINDUNILVR
1,679
1,692
1,710
1,724
1,742
IBULHSGFIN
749
777
812
840
874
ICICIBANK
356
363
369
376
382
IOC
140
143
146
149
152
INDUSINDBK
1,479
1,496
1,514
1,531
1,550
INFY
637
647
656
666
676
ITC
270
272
276
278
282
JSW STEEL
335
340
343
348
351
KOTAKBANK
1,119
1,141
1,153
1,175
1,187
LT
1,376
1,387
1,398
1,409
1,419
M&M
745
756
766
777
787
MARUTI
7,261
7,370
7,442
7,551
7,624
NTPC
150
152
155
158
161
ONGC
156
157
160
161
164
POWERGRID
184
186
187
189
190
RELIANCE
1,079
1,088
1,095
1,104
1,112
SBIN
279
282
285
288
290
SUNPHARMA
497
506
517
526
537
TCS
1,835
1,854
1,876
1,895
1,918
TATAMOTORS
175
178
180
183
185
TATASTEEL
574
582
589
597
605
TECHM
687
701
711
725
736
TITAN
876
899
911
934
946
ULTRACEMCO
3,789
3,851
3,892
3,954
3,996
UPL
749
756
763
770
777
VEDANTA
200
204
207
211
214
WIPRO
316
320
325
329
334
YESBANK
193
199
209
215
224
ZEEL
428
435
440
446
451
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Technical & Derivatives Report
November 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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