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Technical & Derivatives Report
November 19, 2019
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Sensex (
40284
(1
1884
)
The week kick started slightly higher owing to positive cues from
the global peers. However, within first half an hour, index pared
down its opening gains to sneak below the 11900 mark. During
the remaining part of the session, index consolidated in a slender
range of 30 points and spent most of its time inside the negative
territory. Eventually, the lacklustre day of trade concluded with
negligible losses.
Indices are clearly experiencing a time-wise correction and
despite banking index having a head start, the momentum did
not last too long. Since the overall intraday range was small, the
chart structure in recent consolidation does not change at all. On
the higher side, Nifty is facing a sturdy wall at 11950 and on the
lower side, 11802 11750 are seen as intraday as well as near
term supports. For the coming session, traders need to keep a tab
on above mentioned levels; but with a positional view, our bias
still remains bullish and we advise traders to create longs in any
such intraday declines. We reiterate that it’s a matter of time, we
would see index traversing this intermediate barrier of 11950 to
head towards all-time highs.
Although, indices are consolidating with no major momentum,
bundle of individual stocks did extremely well for themselves. The
Pharma space was clearly on a roll, especially some beaten down
mid-cap names. Also, some of the marquee names from the
Metal pack had shown good traction. We expect such individual
themes to play out well during the remaining part of the week as
well.
Key Levels
Support 1 – 11802 Resistance 1 – 11950
Support 2 – 11750 Resistance 2 – 12000
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
30992
)
BankNifty consolidated in a narrow range in yesterday' session
and ended the day with a negligible loss. In last few sessions ,the
index has consolidated in a range wherein it has resisted around
the 31200 mark. However, the trend continues to be positive and
the constituents within the index too have been showing strength.
Hence, we are optimistic on this space and expect the index to
continue with its positive momentum. Once it sustains above
31200, we expect BankNifty to march towards 31600-31700
zone. The immediate supports are placed around 30500 and
30338. Traders are advised to trade with a positive bias and use
declines as buying opportunities.
Key Levels
Support 1 – 30500 Resistance 1 – 31200
Support 2 – 30338 Resistance 2 – 31600
Exhibit 2: Nifty Bank Daily Chart
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Nifty Vs OI
Views
We had a positive start for the week but index couldn’t
sustain at higher levels and corrected below 11900
mark in the early morning trade. Thereafter, index
traded in a very narrow range and eventually
concluded the session with a marginal cut.
FIIs were net sellers in the cash market segment to the
tune of Rs. 270 cr. In index futures, they sold worth
Rs. 299 crores with rise in open interest, indicating
formation of short positions in the previous trading
session.
As far as open interest activities in index futures is
concerned, we hardly saw any relevant OI change for
both Nifty as well as BankNifty. However, good amount
of longs rolled over in November series are still intact
in the system. Yesterday, call writers of 11900-12000
were quite active and hence, 11900 acted as a hurdle
during the day. Considering the overall positions, we
maintain our optimistic stance on the market, any
intraday move beyond 11900 may once again boost
the momentum. The individual counters are showing
decent build-ups; hence, traders can opt for stock
specific trades until we don’t see relevant action in the
benchmark index.
Comments
The Nifty futures open interest has increased by 0.20%
Bank Nifty futures open interest has decreased 0.17% as
market closed at 11884.50 levels.
The Nifty November future closed with a premium of
36.40 points against a premium of 47.15 points in last
trading session. The December series closed at a
premium of 80.60 points.
The INDIA VIX has increased from 15.03 to 15.75.
At the same time, the PCR-OI of Nifty has decreased
from 1.39 to 1.32.
Few of the liquid counters where we have seen high cost
of carry are IDEA, UJJIVAN, INFY, GMRINFRA and
WIPRO.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
SIEMENS 2352350 17.60 1554.55 -1.17
IDEA 786548000 12.35 4.45 21.62
CONCOR 6975669 8.77 569.20 -0.26
CESC 1051200 7.44 761.55 1.02
PFC 29964600 5.00 117.60 5.51
BHARTIARTL 42289797 4.65 409.20 4.42
VOLTAS 2963000 4.26 714.50 0.03
APOLLOTYRE 11505000 4.04 169.15 0.83
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
JUSTDIAL 3269000 -8.14 526.70 4.55
RBLBANK 12636000 -6.03 323.65 1.60
TORNTPHARM 292500 -5.95 1779.15 -0.35
SRF 916000 -5.83 3206.35 -0.37
MGL 2330400 -5.13 1028.60 2.37
HINDALCO 27667500 -3.81 193.60 2.98
NIITTECH 561750 -3.79 1519.10 1.59
MINDTREE 1369800 -3.71 703.70 1.51
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.32 0.93
BANKNIFTY 1.07 0.86
RELIANCE 0.61 0.65
ICICIBANK 0.78 0.70
INFY 0.55 0.40
Historical Volatility
SCRIP HV
GLENMARK 106.69
PFC 42.67
CENTURYTEX 66.08
RECLTD 43.87
IDEA 213.75
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Note: Above mentioned Bullish or Bearish Spreads in Nifty (November Series) are given as an information and not as a recommendation.
Nifty Spot
=
11884.
50
Lot Size = 75
FII Statistics for
November
18, 2019
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
1966.13 2265.06 (298.93) 214873 17811.82 1.71
INDEX
OPTIONS
151563.79 151150.34 413.45
653364 54062.54 (0.48)
STOCK
FUTURES
10253.84 10377.43 (123.59) 1569560 92174.67 (0.42)
STOCK
OPTIONS
4481.22 4530.64 (49.42) 93383 5339.34 2.56
Total 168264.98
168323.47
(58.49) 2531180
169388.37
(0.15)
Turnover on
November
18
, 2019
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
223330 16298.14 -34.82
INDEX
OPTIONS
9133080 650549.81 -11.00
STOCK
FUTURES
744012 41023.62 -18.16
STOCK
OPTIONS
758161 45377.09 -20.16
TOTAL 1,08,58,583
753248.66 -12.71
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 11900 114.20
48.90 51.10 11948.90
Sell 12000 65.30
Buy 11900 114.20
81.15 118.85 11981.15
Sell 12100 33.05
Buy 12000 65.30
32.25 67.75 12032.25
Sell 12100 33.05
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 11900 93.25
34.00 66.00 11866.00
Sell 11800 59.25
Buy 11900 93.25
56.15 143.85 11843.85
Sell 11700 37.10
Buy 11800 59.25
22.15 77.85 11777.85
Sell 11700 37.10
Nifty Put-Call Analysis
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Da
ily
Pivot
Levels for Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 362 364
366 367 369
ASIANPAINT 1,715 1,727
1,746 1,758 1,777
AXISBANK 707 715
720 728 734
BAJAJ-AUTO 3,098 3,127
3,176 3,206 3,254
BAJFINANCE 4,105 4,130
4,170 4,195 4,234
BAJAJFINSV 8,971 9,038
9,082 9,148 9,192
BPCL 512 517
522 527 533
BHARTIARTL 379 394
407 422 436
INFRATEL 216 221
228 233 239
BRITANNIA 3,070 3,106
3,161 3,197 3,253
CIPLA 449 455
463 469 478
COALINDIA 196 198
200 202 204
DRREDDY 2,716 2,726
2,743 2,753 2,770
EICHERMOT 21,106 21,292
21,436 21,622 21,766
GAIL 120 123
124 126 127
GRASIM 733 751
768 787 804
HCLTECH 1,132 1,137
1,143 1,148 1,154
HDFCBANK 1,246 1,254
1,267 1,275 1,287
HDFC 2,198 2,217
2,229 2,248 2,260
HEROMOTOCO 2,462 2,482
2,517 2,538 2,573
HINDALCO 184 189
192 197 200
HINDUNILVR 2,019 2,038
2,057 2,075 2,094
ICICIBANK 492 495
500 503 508
IOC 130 131
132 133 134
INDUSINDBK 1,351 1,363
1,371 1,383 1,392
INFY 694 700
705 710 716
ITC 247 249
251 252 254
JSW STEEL 242 246
249 252 255
KOTAKBANK 1,608 1,618
1,626 1,636 1,645
LT 1,341 1,353
1,373 1,385 1,406
M&M 565 569
576 580 587
MARUTI 7,015 7,057
7,117 7,159 7,219
NESTLEIND 13,874 13,980
14,165 14,271 14,456
NTPC 116 117
117 118 118
ONGC 132 133
134 136 137
POWERGRID 185 188
189 192 194
RELIANCE 1,436 1,448
1,467 1,478 1,497
SBIN 320 323
326 329 332
SUNPHARMA 411 418
424 431 437
TCS 2,124 2,138
2,163 2,177 2,202
TATAMOTORS 168 169
170 172 173
TATASTEEL 390 400
406 416 423
TECHM 742 747
753 758 763
TITAN 1,147 1,153
1,159 1,165 1,170
ULTRACEMCO 4,039 4,083
4,114 4,158 4,189
UPL 519 534
543 558 567
VEDANTA 141 142
144 145 146
WIPRO 246 248
250 252 254
YESBANK 63 64
67 68 71
ZEEL 283 288
293 299 304
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*
Research Team Tel: 022
-
39357800
Website:
www.angelbroking.com
For Technical Queries E-mail: technicalresearch[email protected]gelbroking.com
For Derivatives Queries E-mail: derivatives.des[email protected]broking.com
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