Technical & Derivatives Report
October 18, 2017
Exhibit 1: Nifty Daily Chart
Sensex (32609) / Nifty (10235)
Yesterday, our markets opened mild negative as indicated by
the muted cues from the Asian bourses. Subsequently, Index
traded in a narrow range for the remaining part of the day to
end flat at 10234 mark.
As anticipated in our previous outlook, there was no major
move in the Index owing to the festive week and the chart
structure remains unchanged. During the day real action was
seen outside the Index as some of the midcaps soared by 5 -
6% with ease. Going ahead we sense the individual stocks to
outperform and Index to continue its consolidation. As far as
the trading range is concerned,
10260
-
10300 are
immediate resistance zone whereas, on the other hand, the
support zone is placed in the range 10180 - 10120.
Key Levels
Support 1 - 10180
Resistance 1 - 10260
Support 2 - 10120
Resistance 2 - 10300
Nifty Bank Outlook - (24646)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank Index opened marginally negative yesterday
and traded range bound to end with a minor loss of 0.23
percent.
Owing to the range bound session, there is no major change
in chart structure and we reiterate our previous view that Nifty
Bank Index could continue its last week’s positive momentum
towards the 25000 mark. The support levels for the Bank
Index is placed around
24500 - 24450 levels whereas
resistance is placed at 24850 - 25000. Traders are advised to
focus on stock specific moves and trade with proper risk
management.
Key Levels
Support 1 - 24500
Resistance 1 - 24850
Support 2 - 24450
Resistance 2 - 25000
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Technical & Derivatives Report
October 18, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.00%
BankNifty futures open interest has decreased by 0.66%
as market closed at 10234.45 levels.
The Nifty October future closed with a premium of 19.25
points against a premium of 25.10 points in last trading
session. The November series closed at a premium of
50.85 points.
The Implied Volatility of at the money options has
increased from 9.41 to 10.24. At the same time, the
PCR-OI of Nifty has decreased from 1.68 to 1.66 level.
Few of the liquid counters where we have seen high cost
of carry are RCOM, RNAVAL, SUZLON, SOUTHBANK
and GMRINFRA.
Views
FIIs were net sellers in cash market segment of worth
OI Gainers
Rs. 485 crores. In index futures, they bought to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs.258 crores with rise in open interest, indicating
CHG. (%)
CHG. (%)
fresh long additions in yesterday’s trading session.
TORNTPHARM
373200
29.94
1334.70
3.52
In Nifty options front, they were net buyers of Rs. 927
BEML
2527200
17.75
1784.45
2.92
crores with rise in open interest. We witnessed some
ZEEL
8665800
14.73
496.45
-3.92
build-up in 10250 and 10300 call options. One the flip
NBCC
4551000
13.38
251.30
4.43
side,
10200 and
10250 put options added fresh
ACC
2047600
13.35
1796.15
0.33
positions.
However, maximum open interest
PFC
41826000
11.54
128.70
3.92
concentration remains intact in 10200 call and 10000
STAR
4076000
10.49
884.55
0.19
put options.
HEXAWARE
2373000
9.25
282.00
1.68
In last couple of days, the benchmark index rallied above
10200 mark and also added fresh long position in index
OI Losers
futures. FIIs too actively participated in recent upmove by
OI
PRICE
adding good amount of long positions in index and stock
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
futures. In index options segment, they have been writing
ESCORTS
3128400
-7.48
728.10
0.93
put options along with some long formation in call
BERGEPAINT
1577400
-6.15
265.70
-0.73
options. Thus, the above data hints momentum to
FEDERALBNK
74932000
-5.91
126.05
0.56
continue in near term. Traders are suggested to avoid
VEDL
52801000
-5.85
334.45
-0.31
shorting index and prefer stock specific approach to fetch
ULTRACEMCO
1350000
-3.65
4096.85
1.87
higher returns.
TATAMTRDVR
23862300
-3.43
246.20
0.10
BHARATFIN
13359000
-3.22
1024.60
0.39
CHOLAFIN
422500
-3.10
1135.95
0.26
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ZEEL
27.12
NIFTY
1.66
0.98
IDEA
60.95
BANKNIFTY
1.23
0.83
CIPLA
31.37
RELIANCE
0.45
0.56
SREINFRA
53.63
INFY
0.64
0.59
SYNDIBANK
44.69
SBIN
0.39
0.28
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Technical & Derivatives Report
October 18, 2017
FII Statistics for October 17, 2017
Turnover on October 17, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1275.60
1017.37
258.22
349263
27591.55
2.22
137683
11882.80
-36.03
FUTURES
FUTURES
INDEX
INDEX
48319.72
47392.36
927.37
1143695
91098.07
0.78
5905362
543144.44
-4.35
OPTIONS
OPTIONS
STOCK
6578.48
6586.88
(8.41)
907292
65103.80
0.45
STOCK
FUTURES
610986
47331.59
-8.71
FUTURES
STOCK
STOCK
5930.29
6018.24
(87.95)
90973
7019.57
6.47
472320
38275.82
-15.54
OPTIONS
OPTIONS
Total
62104.08
61014.85
1089.23
2491223
190812.99
1.06
TOTAL
7126351
640634.65
-6.28
Nifty Spot = 10234.45
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10200
93.80
Buy
10200
46.70
53.40
46.60
10253.40
19.80
80.20
10180.20
Sell
10300
40.40
Sell
10100
26.90
Buy
10200
93.80
Buy
10200
46.70
79.30
120.70
10279.30
29.05
170.95
10170.95
Sell
10400
14.50
Sell
10000
17.65
Buy
10300
40.40
Buy
10100
26.90
25.90
74.10
10325.90
9.25
90.75
10090.75
Sell
10400
14.50
Sell
10000
17.65
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 18, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
400
404
406
409
411
AMBUJACEM
275
278
281
284
286
ASIANPAINT
1,159
1,178
1,189
1,208
1,219
AUROPHARMA
745
755
763
773
782
AXISBANK
502
507
517
523
532
BAJAJ-AUTO
3,168
3,214
3,265
3,310
3,361
BAJFINANCE
1,830
1,848
1,875
1,894
1,921
BPCL
487
500
507
520
528
BHARTIARTL
449
458
463
472
478
INFRATEL
461
470
476
486
492
BOSCHLTD
21,749
21,922
22,058
22,232
22,368
CIPLA
589
611
623
645
657
COALINDIA
287
289
290
291
293
DRREDDY
2,363
2,372
2,385
2,394
2,406
EICHERMOT
31,123
31,493
31,702
32,072
32,280
GAIL
431
434
439
442
447
HCLTECH
910
916
925
932
941
HDFCBANK
1,833
1,842
1,848
1,857
1,863
HDFC
1,743
1,752
1,760
1,768
1,776
HEROMOTOCO
3,722
3,756
3,792
3,825
3,862
HINDALCO
266
271
275
280
283
HINDPETRO
450
461
467
477
484
HINDUNILVR
1,263
1,273
1,281
1,290
1,298
IBULHSGFIN
1,275
1,300
1,321
1,346
1,366
ICICIBANK
271
273
275
276
278
IOC
406
410
416
420
425
INDUSINDBK
1,680
1,694
1,714
1,728
1,749
INFY
925
928
932
935
940
ITC
265
266
267
269
270
KOTAKBANK
1,064
1,071
1,079
1,087
1,095
LT
1,133
1,141
1,148
1,156
1,163
LUPIN
1,057
1,061
1,066
1,070
1,074
M&M
1,332
1,353
1,364
1,385
1,396
MARUTI
7,786
7,812
7,857
7,884
7,929
NTPC
173
174
175
177
178
ONGC
169
170
171
172
173
POWERGRID
202
204
205
207
208
RELIANCE
858
866
875
883
892
SBIN
248
250
252
254
256
SUNPHARMA
539
543
549
553
558
TCS
2,558
2,576
2,596
2,614
2,633
TATAMOTORS
427
430
433
435
438
TATASTEEL
703
708
713
718
723
TECHM
466
470
472
476
479
ULTRACEMCO
3,965
4,027
4,066
4,128
4,167
UPL
795
800
807
812
818
VEDANTA
329
332
334
337
339
WIPRO
283
286
290
293
296
YESBANK
365
369
372
377
380
ZEEL
478
486
501
509
523
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Technical & Derivatives Report
October 18, 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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