Technical & Derivatives Report
November 17, 2017
Sensex (33107) / Nifty (10215)
Exhibit 1: Nifty Daily Chart
Unlike previous sessions, yesterday our markets opened on a
cheerful note citing favorable cues from the major Asian
bourses like, Nikkei (Japan) and HANG SNG (Hong Kong).
But then this up move got extended due to our domestic
factors as we saw banking conglomerates (especially PSBs)
showing tremendous resilience to clock decent intraday gains.
The additional fuel was infused by the heavyweight IT
counters. In this course of action, the Nifty managed to
reclaim the 10200 mark on a closing basis.
Finally, our markets snapped the recent losing streak and
have managed to recover a fair bit of ground from
Wednesday’s low. Even today, our markets are likely to open
with a decent upside gap after Moody’s upgrade. But still the
question remains, whether this is a beginning of new up move
or it’s just a relief rally. In our sense, this probable is just a
breather as we can see multiple technical tools still holding on
to their negative postures. Hence, we believe that
10300
would remain to be a key resistance level on a closing basis.
On the flipside, 10200 - 10183 are likely to act as intraday
support levels. At present, traders are advised to focus on
individual stocks by adopting a proper exit strategy.
Key Levels
Support 1 - 10200
Resistance 1 - 10260
Support 2 - 10183
Resistance 2 - 10300
Nifty Bank Outlook - (25447)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened on a positive note yesterday and
traded with a positive bias throughout the session. The stocks
within this space showed a positive momentum, especially the
PSU Banking stocks as the Nifty PSU Bank index outperformed
the broader indices and ended the session with gains of over 3
percent. Since last few sessions, the Nifty Bank index has
consolidated in a range and has shown relative strength to the
Nifty index which has been in a corrective phase. Owing to
this relative strength since last few days, the banking stocks
showed a positive momentum as we witnessed a pullback
move in the broader markets. While the higher end of the
recent consolidation phase is placed in the range of 25600-
25700, stock specific moves from the sector would provide
good opportunities for intraday and swing traders.
Key Levels
Support 1 - 25350
Resistance 1 - 25600
Support 2 - 25270
Resistance 2 - 25700
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Technical & Derivatives Report
November 17, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.91%
BankNifty futures open interest has decreased by 1.65%
as market closed at 10214.75 levels.
The Nifty November future closed with a premium of
36.15 points against a premium of 36.30 points in last
trading session. The December series closed at a
premium of 71.75 points.
The INDIA VIX has decreased from 14.26 to 13.46. At
the same time, the PCR-OI of Nifty has increased from
1.13 to 1.21 level.
Few of the liquid counters where we have seen high cost
of carry are HDIL, DCBBANK, MCX, SUZLON and ICIL.
Views
FIIs were net sellers in both cash market segment and
OI Gainers
index futures. They sold equities to the tune of Rs. 447
OI
PRICE
crores. While, they were marginal sellers in index futures
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
with fall in open interest, suggesting blend of long
PAGEIND
48750
30.00
23904.80
5.45
unwinding and short covering in yesterday's trading
VOLTAS
3319000
29.45
612.55
4.43
session.
BANKINDIA
17736000
15.74
207.70
6.02
In index options front, they bought worth Rs. 3263 crores
HDIL
32578000
14.72
60.30
4.42
with rise in open interest. In call options, we hardly saw
INDIANB
4532000
13.36
414.75
5.36
any strike adding fresh positions; however, decent
MANAPPURAM
42192000
12.93
104.45
9.72
amount of unwinding was seen in 10300-10500 strikes.
MGL
1180200
12.85
1093.05
-2.44
On the other side, good amount of open interest
JUBLFOOD
1600000
10.46
1776.20
3.29
addition was visible in 10000-10200 put options. At
present, highest open interest still remains intact at
10500 call and 10200 put options.
OI Losers
OI
PRICE
Post last few days fall, the benchmark index on Thursday
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
recovered some of its losses and closed above 10200
RCOM
116816000
-10.28
11.75
15.76
mark. Despite yesterday’s strong recovery, FIIs continue
BALKRISIND
378400
-9.90
2076.90
-3.95
buying index put options. At the same time, good
RELCAPITAL
13497750
-7.32
430.30
1.52
amount of short positions formed in index futures are still
NCC
23520000
-6.93
102.85
2.19
in system. Considering the above data points, we believe
RAMCOCEM
594400
-5.47
715.95
1.78
10250-10300 is an immediate hurdle; thus, any bounce
KSCL
4287000
-5.24
517.50
0.29
back towards these levels shall be an opportunity to buy
AJANTPHARM
1042500
-5.20
1230.45
-0.69
10200 puts of current series.
MUTHOOTFIN
2391000
-5.18
458.95
6.14
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MANAPPURAM
59.20
NIFTY
1.21
0.82
MARICO
33.69
BANKNIFTY
1.20
0.79
INFY
26.46
TATAMOTORS
0.32
0.36
FORTIS
56.82
YESBANK
0.34
0.28
VOLTAS
42.00
RELIANCE
0.44
0.40
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Technical & Derivatives Report
November 17, 2017
FII Statistics for November 16, 2017
Turnover on November 16, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2149.40
2224.06
(74.66)
326274
25740.39
(2.73)
190965
16143.27
-4.73
FUTURES
FUTURES
INDEX
INDEX
62151.75
58888.43
3263.32
1124399
88733.64
1.75
9631140
929454.43
57.65
OPTIONS
OPTIONS
STOCK
7484.59
7983.54
(498.94)
1015851
69839.88
(0.26)
STOCK
FUTURES
653767
45254.07
-11.17
FUTURES
STOCK
STOCK
6983.20
6996.44
(13.24)
124368
8721.05
2.20
489183
35456.55
-9.43
OPTIONS
OPTIONS
Total
78768.94
76092.47
2676.47
2590892
193034.96
0.40
TOTAL
10965055
1026308.32
47.33
Nifty Spot = 10214.75
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10200
112.85
Buy
10200
64.10
50.15
49.85
10250.15
26.70
73.30
10173.30
Sell
10300
62.70
Sell
10100
37.40
Buy
10200
112.85
Buy
10200
64.10
80.80
119.20
10280.80
42.15
157.85
10157.85
Sell
10400
32.05
Sell
10000
21.95
Buy
10300
62.70
Buy
10100
37.40
30.65
69.35
10330.65
15.45
84.55
10084.55
Sell
10400
32.05
Sell
10000
21.95
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 17, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
385
391
401
407
417
AMBUJACEM
270
273
277
280
284
ASIANPAINT
1,167
1,173
1,181
1,187
1,195
AUROPHARMA
694
704
710
719
726
AXISBANK
537
540
544
547
551
BAJAJ-AUTO
3,153
3,181
3,215
3,243
3,278
BAJFINANCE
1,690
1,727
1,754
1,791
1,817
BPCL
484
492
501
508
518
BHARTIARTL
475
482
489
496
502
INFRATEL
374
379
386
391
398
BOSCHLTD
18,847
19,053
19,206
19,412
19,565
CIPLA
585
589
594
598
604
COALINDIA
262
265
269
272
276
DRREDDY
2,303
2,318
2,330
2,345
2,357
EICHERMOT
30,122
30,260
30,494
30,632
30,866
GAIL
440
445
451
456
463
HCLTECH
830
841
850
861
870
HDFCBANK
1,786
1,797
1,806
1,817
1,827
HDFC
1,639
1,652
1,662
1,675
1,685
HEROMOTOCO
3,593
3,625
3,657
3,689
3,721
HINDALCO
249
252
254
257
259
HINDPETRO
405
409
414
418
423
HINDUNILVR
1,229
1,253
1,270
1,294
1,311
IBULHSGFIN
1,132
1,154
1,169
1,191
1,206
ICICIBANK
314
317
318
321
322
IOC
387
390
392
395
397
INDUSINDBK
1,580
1,592
1,605
1,617
1,629
INFY
930
959
978
1,007
1,025
ITC
251
253
254
256
258
KOTAKBANK
999
1,008
1,017
1,027
1,036
LT
1,203
1,211
1,217
1,226
1,232
LUPIN
813
821
828
836
843
M&M
1,398
1,406
1,416
1,424
1,434
MARUTI
8,070
8,117
8,176
8,223
8,282
NTPC
172
174
176
179
181
ONGC
174
177
180
182
185
POWERGRID
204
206
207
210
211
RELIANCE
878
891
898
911
919
SBIN
320
327
330
337
341
SUNPHARMA
493
501
506
514
518
TCS
2,656
2,701
2,732
2,777
2,808
TATAMOTORS
409
411
414
416
418
TATASTEEL
671
679
684
692
697
TECHM
483
491
497
505
511
ULTRACEMCO
4,223
4,248
4,289
4,314
4,355
UPL
712
722
729
739
746
VEDANTA
292
297
300
304
307
WIPRO
293
295
297
300
302
YESBANK
294
298
301
304
307
ZEEL
532
536
539
543
546
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Technical & Derivatives Report
November 17, 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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