Technical & Derivatives Report
October 19, 2018
Sensex (34780) / Nifty (10453)
Exhibit 1: Nifty Daily Chart
Wednesday’s session opened with a good bump up of more than
100 points, owing to massive overnight rally in US markets on
Tuesday. However, this lead did not last too long due to strong
profit booking at higher levels. In fact, things became worse as
index pared down all gains and eventually ended the session with
a cut of over a percent to conclude tad above the 10450 mark.
The relief move that we saw in last 4 - 5 days got restricted after
entering a strong resistance zone of 10700 - 10750. The index
came off sharply on Wednesday and now SGX Nifty is indicating
a gap down opening with a cut of nearly 100 points. After such
an opening, we would advise traders not to get carried away by
the momentum and hence, should avoid going short on the
market. As of now, we do not believe that we would slide below
recent low in this corrective move. It’s advisable to stay light and
let the market give clear direction to place aggressive bets in the
market. For the coming session, 10350 followed by 10280 would
be seen as strong supports. If we see these levels getting held
today, then we will not be surprised to see some relief in the
second half.
Key Levels
Support 1 - 10350
Resistance 1 -
10400
Support 2 - 10280
Resistance 2 -
10450
Nifty Bank Outlook - (25189)
Exhibit 2: Nifty Bank Daily Chart
In Wednesday's session, the Nifty Bank index opened with a gap
up of 250 points. However, it was a mere formality as the index
started correcting right from the word go. The selling pressure
accelerated as the day progressed and it eventually ended the
session with a loss of more than 650 points from the opening
level.
In last few days, we had expected the index to retrace up to the
38.2% retracement mark in the pullback move. The index
completed the retracement in the opening ticks on Wednesday
and we witnessed a complete nose dive from that resistance zone.
Since the broader trend is negative, the pullback move may be
behind us and as of now, it seems there is a higher probability of
a resumption of the downtrend. Hence, traders should avoid any
aggressive bets in the Banking and Financial space and rather be
on the sidelines. The supports for the index are placed around
24940 and 24750 whereas resistances are seen around 25550
and 25800.
Key Levels
Support 1 - 24940
Resistance 1 -
25550
Support 2 - 24750
Resistance 2 - 25800
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Technical & Derivatives Report
October 19, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.20%.
Bank Nifty futures open interest has decreased by
10.22% as market closed at 10453.05 levels.
The Nifty October future closed with a discount of 2
points against a premium of 5.10 points in last trading
session. The November series closed at a premium of 42
points.
The INDIA VIX has increased from 17.37 to 17.98.
At the same time, the PCR-OI of Nifty has decreased
from 1.24 to 1.11.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, RCOM, MRPL, HCC and
IDFC.
Views
OI Gainers
FIIs figures were muted in cash market segment as they
OI
PRICE
SCRIP
OI
PRICE
bought to the tune of Rs. 140 crores. At the same time,
CHG. (%)
CHG. (%)
they bought worth Rs. 1077 crores in index futures with
DHFL
20217000
47.67
235.90
-13.76
some fall in open interest, indicating unwinding of some
NIITTECH
2121000
25.35
1191.55
4.47
short positions in previous trading session.
IBULHSGFIN
20607000
20.00
788.65
-13.25
In options front, they bought of Rs. 35 crores with fall in
BERGEPAINT
2697200
17.21
292.70
0.19
open interest. As far as Nifty options activities are
BHARATFIN
6448500
15.46
983.55
-2.37
considered, fresh OI addition was seen in 10500-11000
JETAIRWAYS
7528800
14.34
216.55
-1.44
call options. On the flip side, unwinding was seen in
TORNTPHARM
599500
12.69
1560.85
-4.04
10200, 10400 and 10500 put options. Maximum open
RBLBANK
5892000
12.56
537.90
-0.20
interest for October series now stood at 11000 followed
by 10700 call and in put options is placed in 10000
strike.
OI Losers
We started-off Wednesday’s session with a gap up
OI
PRICE
SCRIP
OI
PRICE
opening around the 10700 mark. As per the options
CHG. (%)
CHG. (%)
KSCL
931500
-9.87
512.30
-3.71
data, 10700 was the major resistance and hence, we
APOLLOHOSP
998500
-8.35
1123.70
1.94
saw a sell-off from the opening ticks. The index ended
the session deeply in the red with significant unwinding
EQUITAS
10972000
-7.52
125.60
-4.94
seen in the banking index. We also witnessed some
HINDPETRO
21925575
-6.41
207.30
-2.42
unwinding in Nifty put options and fresh writing in call
ICICIPRULI
4451200
-5.73
329.75
-0.27
options. Thus, index could correct further in near term
ICICIBANK
99486750
-5.35
314.80
-2.10
and hence, traders should avoid any kind of bottom-
BALKRISIND
1856000
-5.23
1031.05
-1.83
fishing.
MRF
26310
-5.09
62101.85
-2.35
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
IBULHSGFIN
107.61
NIFTY
1.11
0.91
REPCOHOME
77.28
BANKNIFTY
0.54
0.86
PEL
89.48
RELIANCE
0.59
0.72
DLF
79.72
ICICIBANK
0.51
0.73
CANBK
67.24
INFY
0.82
0.67
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Technical & Derivatives Report
October 19, 2018
FII Statistics for October 17, 2018
Turnover on October 17, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4926.78
3850.00
1076.78
275665
21633.31
(1.73)
340050
29998.44
48.19
FUTURES
FUTURES
INDEX
INDEX
201782.14
201746.62
35.52
999425
80604.46
(4.17)
19589333
1935379.59
181.21
OPTIONS
OPTIONS
STOCK
17932.75
17888.77
43.99
1319057
85035.80
2.07
STOCK
FUTURES
1044829
65264.37
31.64
FUTURES
STOCK
STOCK
8700.05
8804.02
(103.98)
141794
9309.80
(1.07)
842056
59072.61
20.00
OPTIONS
OPTIONS
Total
233341.72
232289.41
1052.31
2735941
196583.37
(0.84)
TOTAL
2089715.01
807280.15
158.86
Nifty Spot = 10453.05
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10500
68.95
Buy
10400
81.00
32.60
67.40
10532.60
30.25
69.75
10369.75
Sell
10600
36.35
Sell
10300
50.75
Buy
10500
68.95
Buy
10400
81.00
50.60
149.40
10550.60
48.10
151.90
10351.90
Sell
10700
18.35
Sell
10200
32.90
Buy
10600
36.35
Buy
10300
50.75
18.00
82.00
10618.00
17.85
82.15
10282.15
Sell
10700
18.35
Sell
10200
32.90
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 19, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
291
303
321
332
351
ASIANPAINT
1,238
1,249
1,265
1,276
1,293
AXISBANK
548
562
580
594
613
BAJAJ-AUTO
2,467
2,507
2,578
2,619
2,690
BAJFINANCE
1,981
2,066
2,218
2,302
2,454
BAJAJFINSV
5,100
5,240
5,490
5,630
5,880
BPCL
270
277
291
299
312
BHARTIARTL
277
283
291
296
304
INFRATEL
251
256
263
267
274
CIPLA
632
636
641
645
650
COALINDIA
274
277
280
283
287
DRREDDY
2,525
2,545
2,572
2,592
2,619
EICHERMOT
20,641
21,310
22,519
23,187
24,396
GAIL
330
338
351
359
372
GRASIM
855
869
892
905
929
HCLTECH
993
1,009
1,022
1,038
1,051
HDFCBANK
1,934
1,954
1,984
2,004
2,033
HDFC
1,702
1,720
1,747
1,765
1,793
HEROMOTOCO
2,628
2,718
2,856
2,946
3,085
HINDALCO
218
223
228
233
239
HINDPETRO
199
203
209
213
219
HINDUNILVR
1,530
1,546
1,562
1,578
1,594
IBULHSGFIN
686
737
829
880
971
ICICIBANK
302
308
318
325
335
IOC
129
131
134
135
138
INDUSINDBK
1,566
1,585
1,619
1,638
1,671
INFY
689
697
710
718
730
ITC
276
281
287
292
297
JSW STEEL
347
354
366
374
386
KOTAKBANK
1,163
1,169
1,179
1,186
1,195
LT
1,190
1,201
1,220
1,230
1,249
M&M
728
743
767
783
807
MARUTI
6,603
6,744
6,995
7,136
7,386
NTPC
160
162
164
165
167
ONGC
157
159
163
166
170
POWERGRID
187
188
189
190
191
RELIANCE
1,118
1,134
1,157
1,174
1,196
SBIN
250
256
265
271
280
SUNPHARMA
580
587
598
605
616
TCS
1,877
1,903
1,946
1,972
2,015
TATAMOTORS
174
177
182
185
191
TATASTEEL
535
545
562
572
589
TECHM
707
714
724
731
742
TITAN
775
787
805
818
836
ULTRACEMCO
3,667
3,695
3,743
3,771
3,818
UPL
612
625
645
658
678
VEDANTA
201
204
210
214
220
WIPRO
310
317
323
329
336
YESBANK
212
222
238
248
265
ZEEL
450
457
467
473
483
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Technical & Derivatives Report
October 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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