Technical & Derivatives Report
January 19, 2018
Sensex (35260) / Nifty (10817)
Exhibit 1: Nifty Daily Chart
On the global front, we saw massive overnight rally in the US
bourses and then the rising hopes over government allowing
100% FDI in banking sector fuelled the gap up opening in our
markets by a fair margin. All key indices clocked record highs in
this course of action. However, a decent profit booking in the
latter half dragged index lower to snap major portion of early
morning gains.
Yesterday, we saw ‘Profit Booking / Sell on News’ kind of
scenario as traders chose to take some money off the table. If we
closely observe yesterday’s price action, the main contributor
banking sector witnessed a good amount profit booking. Hence,
going ahead,
10850 -
10880 would be seen as intraday
resistance; whereas a sustainable move below 10780 would lead
to some weakness. Hence, as suggested earlier also, traders are
advised to remain light on positions. Since last few days we have
been warranting some caution on probable correction in ‘Metal’
space. Quite on expected lines, most of the metal counters
plunged during the session and we continue to see them
weakening further. Hence, traders are advised not to create longs
in this space and ideally should lighten up positions in case of
some relief rallies.
Key Levels
Support 1 - 10780
Resistance 1 - 10850
Support 2 - 10747
Resistance 2 - 10880
Nifty Bank Outlook - (26537)
Exhibit 2: Nifty Bank Daily Chart
Wednesday's up move in the Nifty Bank index was followed by a
significant gap up yesterday on the back of news reports that the
government is mulling over raising the FDI limit for private and
public sector banks. However, amidst a weak broader market, the
index cooled off from its high of 26888 and ended the session at
26537, up by 0.90 percent. The index hit our expected target of
26670 within the opening ticks itself and rest of the session
witnessed stock specific movement within the sector. Since the
overall market breadth is weak in spite of the positive move in the
index, the volatility in near term is expected to be on the high.
Hence, traders are advised to take a stock specific approach
within this sector and trade with proper risk management. The
near-term supports for the Nifty Bank index are placed around
26335 and 26130 whereas resistance is seen in the range of
26800-26900.
Key Levels
Support 1 - 26335
Resistance 1 - 26800
Support 2 - 26130
Resistance 2 - 26900
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Technical & Derivatives Report
January 19, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.81%
BankNifty futures open interest has increased by 2.72%
as market closed at 10817.00 levels.
The Nifty January future closed with a discount of 6.20
points against a premium of 3.25 points in last trading
session. The February series closed at a premium of
15.65 points.
The INDIA VIX has increased from 13.86 to 13.96. At the
same time, the PCR-OI of Nifty has increased from 1.76
to 1.64 level.
Few of the liquid counters where we have seen high cost
of carry are GODFRYPHLP, JUBLFOOD, BERGEPAINT,
PCJEWELLER and DISHTV.
Views
OI Gainers
FIIs continue their buying streak in cash market segment,
OI
PRICE
SCRIP
OI
PRICE
they bought to the tune of Rs. 1845 crores. At the same
CHG. (%)
CHG. (%)
MINDTREE
2947200
32.83
684.15
9.74
time, they were buyers in index futures of Rs. 680 crores
INFRATEL
10347900
12.49
344.80
-5.87
with rise in open interest, indicating long formation in
yesterday's trading session.
VOLTAS
3513000
12.42
602.40
-4.63
In index options front, they were net sellers of Rs. 232
HDFC
19127500
10.47
1894.30
2.02
crores with fall in open interest. In call option,
DCBBANK
8577000
8.54
184.55
-4.67
10800-11100 strikes added good amount of positions;
AJANTPHARM
1027000
8.45
1537.95
0.29
while, unwinding was seen in 10600-10750 call options.
RCOM
85372000
8.27
29.25
-10.00
On the flip side, meaningful build-up was seen in 10800
IBULHSGFIN
16959200
7.95
1247.70
2.82
and 10850 put options. Maximum concentration of OI
remains intact in 11000 call and 10500 put options.
Market extended its gains to clock fresh record highs;
OI Losers
however, profit booking in the latter half lead index
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
closing with some gains. FIIs continued pouring liquidity
ZEEL
9422400
-15.71
594.90
0.19
through equity market. At the same time, they were
RAMCOCEM
424000
-15.47
789.80
-0.35
buyers in index and stock futures. We are now seeing
TORNTPOWER
4830000
-14.50
292.45
0.38
fresh selling in 10800 and 10850 put options, which
HEXAWARE
3966000
-14.21
347.90
-3.01
suggests continuation of ongoing momentum. At present,
KTKBANK
27493000
-11.18
158.00
-2.98
10650-10700 is a stronger base for market and hence,
ADANIENT
22568000
-11.07
195.30
-4.62
as would advise traders avoiding any bearish bets unless
HDIL
35244000
-10.72
61.65
-5.44
index hold the above mentioned levels.
JSWENERGY
40995500
-10.69
89.55
-5.29
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.64
1.24
MINDTREE
53.62
BANKNIFTY
1.10
1.03
JUSTDIAL
81.55
RELIANCE
0.39
0.28
INFRATEL
41.16
INFY
1.35
0.75
ADANIPOWER
68.00
TATAMOTORS
0.35
0.32
HINDZINC
34.89
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Technical & Derivatives Report
January 19, 2018
FII Statistics for January 18, 2018
Turnover on January 18, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3079.56
2400.18
679.38
262881
21949.79
1.22
313464
29031.55
34.61
FUTURES
FUTURES
INDEX
INDEX
131764.57
131996.84
(232.27)
980557
81611.04
(3.13)
14726292
1475619.26
94.63
OPTIONS
OPTIONS
STOCK
15440.50
13598.82
1841.68
1002591
74754.50
0.43
STOCK
FUTURES
1083241
83110.82
16.19
FUTURES
STOCK
STOCK
13352.68
13419.37
(66.69)
123698
9619.94
2.88
884031
70282.82
18.30
OPTIONS
OPTIONS
Total
163637.32
161415.22
2222.11
2369727
187935.27
(0.87)
TOTAL
17007028
1658044.44
82.07
Nifty Spot = 10817.00
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
61.50
Buy
10800
55.95
38.95
61.05
10838.95
26.90
73.10
10773.10
Sell
10900
22.55
Sell
10700
29.05
Buy
10800
61.50
Buy
10800
55.95
53.80
146.20
10853.80
40.55
159.45
10759.45
Sell
11000
7.70
Sell
10600
15.40
Buy
10900
22.55
Buy
10700
29.05
14.85
85.15
10914.85
13.65
86.35
10686.35
Sell
11000
7.70
Sell
10600
15.40
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 19, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
392
404
421
433
450
AMBUJACEM
271
273
276
278
280
ASIANPAINT
1,168
1,178
1,191
1,201
1,214
AUROPHARMA
625
635
650
660
674
AXISBANK
568
577
587
595
605
BAJAJ-AUTO
3,160
3,181
3,211
3,232
3,262
BAJFINANCE
1,614
1,637
1,677
1,701
1,741
BPCL
459
465
474
479
488
BHARTIARTL
483
489
499
505
515
INFRATEL
328
336
350
358
373
BOSCHLTD
19,701
19,802
19,951
20,052
20,201
CIPLA
590
597
605
612
620
COALINDIA
269
276
285
292
301
DRREDDY
2,398
2,430
2,482
2,514
2,566
EICHERMOT
27,414
27,684
28,081
28,352
28,749
GAIL
462
465
469
472
476
HCLTECH
932
943
951
962
971
HDFCBANK
1,900
1,917
1,935
1,953
1,971
HDFC
1,841
1,869
1,894
1,922
1,947
HEROMOTOCO
3,537
3,565
3,604
3,632
3,671
HINDALCO
245
249
257
261
268
HINDPETRO
401
406
415
420
428
HINDUNILVR
1,315
1,336
1,371
1,392
1,428
IBULHSGFIN
1,188
1,216
1,240
1,268
1,293
ICICIBANK
337
342
347
352
358
IOC
372
375
381
384
389
INDUSINDBK
1,645
1,662
1,685
1,702
1,725
INFY
1,117
1,135
1,150
1,168
1,183
ITC
263
268
272
277
280
KOTAKBANK
1,024
1,035
1,043
1,054
1,062
LT
1,331
1,346
1,365
1,380
1,400
LUPIN
909
915
921
927
933
M&M
736
748
756
768
776
MARUTI
9,220
9,294
9,407
9,481
9,593
NTPC
170
171
173
174
176
ONGC
191
192
195
197
199
POWERGRID
193
195
198
199
202
RELIANCE
907
913
921
928
936
SBIN
290
297
307
314
324
SUNPHARMA
565
571
580
586
595
TCS
2,841
2,880
2,906
2,945
2,971
TATAMOTORS
407
413
421
427
434
TATASTEEL
726
739
759
772
793
TECHM
545
549
554
558
564
ULTRACEMCO
4,258
4,333
4,445
4,521
4,633
UPL
772
786
801
815
829
VEDANTA
316
321
329
334
342
WIPRO
319
322
325
328
331
YESBANK
319
330
343
355
368
ZEEL
581
588
596
604
612
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Technical & Derivatives Report
January 19, 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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