Technical & Derivatives Report
October 17, 2018
Sensex (35163) / Nifty (10585)
Exhibit 1: Nifty Daily Chart
Yesterday, we had a positive opening with marginal upside gap
after Monday’s good tail end buying. Subsequently, we saw the
index adding further gains in the initial hour. However, Nifty
struggled around 10600 and hence, we saw a decent dip during
the midst of the day. Fortunately for traders, this intraday decline
eventually got bought into and as a result, the Nifty managed to
close well inside the positive territory.
In our previous report, we had stated the interesting reading on
‘RSI-Smoothened’ oscillator. The positive crossover in the
technical tool has now started to prove its significance. We still
maintain our view that the index is likely to extend this relief rally
towards 10700 - 10750, which coincides with the downside gap
area created on October 4 as well as the 200-day SMA. At
present, a prudent strategy would be to ride this move and keep
shifting stop losses higher. The immediate support now would be
seen around
10550
-
10500. Momentum traders should
capitalize on such moves and keep booking timely profits till the
time picture becomes clear whether it’s a relief rally or we are
done with the correction.
Key Levels
Support 1 - 10550
Resistance 1 -
10650
Support 2 - 10500
Resistance 2 -
10700
Nifty Bank Outlook - (25589)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened marginally positive and crossed its
'20 DEMA' in the opening trades. The index then rallied higher
and crossed
25500 mark during the day. The index then
consolidated in the latter half of the day and ended with gains of
about eight-tenths of a percent.
As mentioned in our previous report, the Nifty index was hovering
around its '20 DEMA' and has crossed above the same after six
weeks of the corrective phase. The index should continue the
pullback move in near term towards 25820 which is the 38.2%
retracement level of the recent correction. The near-term support
for the index is placed around 25270 and 25150 whereas
resistances are seen around 25820 and 25910.
Key Levels
Support 1 - 25270
Resistance 1 -
25820
Support 2 - 25150
Resistance 2 - 25910
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Technical & Derivatives Report
October 17, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 5.10%
Bank Nifty futures open interest has decreased by 0.59%
as market closed at 10584.75 levels.
The Nifty October future closed with a premium of 5.10
points against a premium of 4.95 points in last trading
session. The November series closed at a premium of
54.65 points.
The INDIA VIX has decreased from 18.88 to 17.37.
At the same time, the PCR-OI of Nifty has increased from
1.20 to 1.24.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, HCC, SOUTHBANK,
JPASSOCIAT and IDEA.
Views
OI Gainers
FIIs continued their selling streak in cash market
OI
PRICE
SCRIP
OI
PRICE
segment, they sold to the tune of Rs. 1166 crores. At the
CHG. (%)
CHG. (%)
same time, they bought worth Rs. 186 crores in index
JPASSOCIAT
174454000
68.62
7.35
8.03
futures with some rise in open interest, indicating
BERGEPAINT
2301200
10.69
291.55
2.37
addition of some fresh longs in previous trading session.
NBCC
28506000
10.39
56.40
3.85
In options front, they bought of Rs. 1478 crores with rise
HEROMOTOCO
1687600
10.16
2895.20
0.08
in open interest. As far as Nifty options activities are
FEDERALBNK
50952000
10.01
81.65
8.19
considered, fresh OI addition was seen in 10600 call
INFRATEL
7021000
9.84
266.25
-0.98
option; followed by unwinding in 10400 and 10500
MCX
4440100
9.23
799.80
9.47
strikes. On the flip side, 10400-10600 puts added
DHFL
13690500
8.29
268.80
-4.95
decent positions. 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
We started-off yesterday’s session on a positive note and
OI
PRICE
SCRIP
OI
PRICE
rallied towards 10600 mark. In the remaining part of the
CHG. (%)
CHG. (%)
ESCORTS
4702500
-7.67
638.90
6.69
day, index remained range bound to conclude the
CESC
5452150
-7.10
930.80
2.66
session with gains of 72 points. We saw addition of fresh
long positions in Nifty futures along with fresh writing in
SREINFRA
14189000
-5.41
33.35
3.88
10600 strike. We also witnessed some unwinding in
KPIT
10179000
-4.88
213.55
-1.56
OTM call strikes 10700 and 10800. Considering the
CUMMINSIND
1102500
-4.83
702.50
-0.93
above data points, we expect extension of recent upmove
IGL
3407250
-4.69
247.10
2.27
towards 10700-10750. Thus, traders with long shall
MOTHERSUMI
16057600
-4.48
248.50
-0.98
continue holding their longs.
GRANULES
13100000
-3.89
97.50
-1.21
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SOUTHBANK
87.13
NIFTY
1.24
0.89
FEDERALBNK
59.41
BANKNIFTY
1.19
0.90
MCX
73.28
RELIANCE
0.55
0.50
PETRONET
36.06
ICICIBANK
0.59
0.61
TATACOMM
49.47
INFY
0.78
0.64
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Technical & Derivatives Report
October 17, 2018
FII Statistics for October 16, 2018
Turnover on October 16, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2710.19
2523.88
186.31
280504
22358.88
0.48
227598
20243.83
-19.24
FUTURES
FUTURES
INDEX
INDEX
97284.06
95806.16
1477.90
1042869
86041.12
1.58
7197077
688233.51
19.83
OPTIONS
OPTIONS
STOCK
12013.78
11695.34
318.44
1292331
85587.24
0.57
STOCK
FUTURES
797679
49577.15
0.84
FUTURES
STOCK
STOCK
7477.41
7310.84
166.57
143330
9571.43
4.28
702213
49225.66
11.42
OPTIONS
OPTIONS
Total
119485.45
117336.23
2149.22
2759034
203558.67
1.13
TOTAL
8924567
807280.15
16.53
Nifty Spot = 10584.75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10600
102.75
Buy
10600
114.40
44.10
55.90
10644.10
39.20
60.80
10560.80
Sell
10700
58.65
Sell
10500
75.20
Buy
10600
102.75
Buy
10600
114.40
72.95
127.05
10672.95
66.10
133.90
10533.90
Sell
10800
29.80
Sell
10400
48.30
Buy
10700
58.65
Buy
10500
75.20
28.85
71.15
10728.85
26.90
73.10
10473.10
Sell
10800
29.80
Sell
10400
48.30
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 17, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
316
325
330
339
344
ASIANPAINT
1,237
1,252
1,268
1,283
1,298
AXISBANK
560
575
584
599
609
BAJAJ-AUTO
2,578
2,594
2,621
2,637
2,664
BAJFINANCE
2,242
2,275
2,319
2,352
2,395
BAJAJFINSV
5,473
5,565
5,658
5,750
5,842
BPCL
286
294
300
308
314
BHARTIARTL
286
290
293
297
300
INFRATEL
255
261
269
275
283
CIPLA
629
634
643
648
657
COALINDIA
272
274
276
278
280
DRREDDY
2,515
2,544
2,567
2,597
2,620
EICHERMOT
22,034
22,518
23,234
23,718
24,434
GAIL
341
347
352
358
363
GRASIM
888
897
904
913
921
HCLTECH
978
991
1,002
1,014
1,025
HDFCBANK
1,969
1,981
1,999
2,011
2,030
HDFC
1,687
1,722
1,748
1,782
1,808
HEROMOTOCO
2,852
2,874
2,893
2,914
2,933
HINDALCO
226
228
231
233
235
HINDPETRO
204
208
212
217
221
HINDUNILVR
1,512
1,529
1,543
1,560
1,574
IBULHSGFIN
846
877
927
957
1,007
ICICIBANK
310
315
319
324
328
IOC
132
134
135
137
139
INDUSINDBK
1,563
1,592
1,644
1,673
1,725
INFY
675
685
700
710
724
ITC
274
278
281
285
288
JSW STEEL
360
367
376
383
392
KOTAKBANK
1,154
1,165
1,173
1,184
1,192
LT
1,210
1,217
1,223
1,231
1,236
M&M
739
759
769
788
799
MARUTI
7,030
7,090
7,184
7,245
7,338
NTPC
161
162
164
166
167
ONGC
159
162
165
168
171
POWERGRID
183
185
187
189
191
RELIANCE
1,130
1,147
1,157
1,174
1,184
SBIN
261
265
268
273
276
SUNPHARMA
583
593
603
612
622
TCS
1,920
1,941
1,956
1,978
1,993
TATAMOTORS
183
185
186
187
189
TATASTEEL
561
567
575
581
590
TECHM
681
700
714
733
747
TITAN
801
806
813
818
824
ULTRACEMCO
3,650
3,702
3,758
3,809
3,865
UPL
626
634
641
649
656
VEDANTA
210
211
213
214
216
WIPRO
314
317
319
321
323
YESBANK
243
246
249
252
254
ZEEL
460
465
471
476
482
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Technical & Derivatives Report
October 17, 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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