Technical & Derivatives Report
November 20, 2017
Sensex (33343) / Nifty (10284)
Exhibit 1: Nifty Daily Chart
On Friday, Moody’s upgrade brought back some ecstasy in
our market as we saw a gap up opening by a fair margin
beyond 10300. This was followed by a long consolidation;
but, we saw some profit booking during the penultimate hour
which eventually dragged the index below 10300 on a closing
basis.
Honestly speaking, Friday’s move was slightly on unexpected
lines for us as we expected Thursday’s relief rally to extend
towards 10260. The major charioteer this time was once
again the entire banking pack. The Bank Nifty clocked a
record high at the opening, indicating massive divergence
within two major indices. Now, as far as Nifty is concerned,
10344 - 10368 seems to be an immediate hurdle; whereas
any move below 10250 would resume downward move to test
the 10200 mark. At present, traders are advised to focus on
individual stocks by adopting a proper exit strategy.
Key Levels
Support 1 - 10250
Resistance 1 - 10344
Support 2 - 10200
Resistance 2 - 10368
Nifty Bank Outlook - (25728)
Exhibit 2: Nifty Bank Daily Chart
As mentioned above Bank Nifty Index witnessed a huge gap
up opening on Friday tad near 26000 mark however after
consolidating in a narrow range for the most part of the
session witnessed some profit booking in the last hour to close
with gains over a percent at 25728.
During the week gone by Bank Nifty outperformed as
compared to Nifty as the former managed to close at all-time
highs the later failed to do the same. For this week, the Bank
Nifty may continue the outperformance however with the
impulsive move seen in the last two sessions we may see some
consolidation going ahead. In such scenario, resistance can
be seen at 25880 and 26000 levels whereas support can be
seen at 25580 and 25500 levels. Traders are advised to focus
on stock specific trades with proper risk management.
Key Levels
Support 1 - 25580
Resistance 1 - 25880
Support 2 - 25500
Resistance 2 - 26000
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Technical & Derivatives Report
November 20, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.58%
BankNifty futures open interest has increased by 7.01%
as market closed at 10283.60levels.
The Nifty November future closed with a premium of
25.25 points against a premium of 36.15 points in last
trading session. The December series closed at a
premium of 62.25 points.
The INDIA VIX has increased from 13.46to 13.77. At the
same time, the PCR-OI of Nifty has increased from 1.21
to 1.23 level.
Few of the liquid counters where we have seen high cost
of carry are RCOM, INDIACEM, RAMCOCEM, INFIBEAM
and WOCKPHARMA.
Views
FIIs were net buyers in both cash market segment and
OI Gainers
index futures. They bought equities to the tune of Rs.
OI
PRICE
1277 crores. While, they were buyers in index futures of
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Rs. 518 crores with rise in open interest, suggesting some
JUSTDIAL
3508600
22.43
551.45
5.18
fresh long formation on Friday’s trading session.
HDIL
39741000
21.99
63.95
6.55
In index options front, they bought worth Rs. 1193 crores
MGL
1391400
17.90
1075.60
-1.10
with rise in open interest. In call options, except for some
BALKRISIND
438800
15.96
2079.80
0.70
build-up in 10600 strike, we hardly saw any strike
TATAPOWER
39861000
15.34
88.95
5.17
adding meaningful positions; however, decent amount of
RAMCOCEM
654400
10.09
727.15
2.22
unwinding was seen in 10200 &10300 strikes. On the
DLF
51710000
8.49
223.85
7.05
other side, huge amount of open interest addition was
SRF
1002000
6.09
1773.05
1.69
visible in 10300 put options; followed by unwinding in
10100 strike. At present, highest open interest still
remains intact at 10500 call and 10000 put options.
OI Losers
OI
PRICE
We started last week on a negative note; however, due to
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
recovery in last two trading sessions the index managed
IGL
5937250
-80.38
301.80
0.65
to close with marginal loss. We witnessed FIIs unwinding
BANKBARODA
46517000
-11.36
183.55
0.27
decent amount of longs in index futures, along with good
CHOLAFIN
510000
-10.84
1274.05
-2.16
amount of short formation in stock futures. At present,
PAGEIND
44300
-9.13
23446.90
-1.88
their index futures ‘Long Short Ratio’ declined to 50%,
NCC
21568000
-8.30
104.30
1.36
which indicates they have equal long and short positions
RCOM
108248000
-7.33
12.10
4.68
in index futures. Considering the above data points, we
TORNTPHARM
730000
-7.27
1263.05
-0.77
believe traders to remain light in index unless we see
UBL
2128700
-6.75
1101.85
-2.44
fresh positions forming in either direction.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TATAPOWER
37.49
NIFTY
1.23
0.99
DLF
56.01
BANKNIFTY
1.16
0.94
MFSL
37.47
TATAMOTORS
0.34
0.39
MARUTI
17.86
YESBANK
0.34
0.26
CANFINHOME
48.58
RELIANCE
0.45
0.49
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Technical & Derivatives Report
November 20, 2017
FII Statistics for November 17, 2017
Turnover on November 17, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2667.44
2149.63
517.81
339008
27179.13
3.90
223163
19690.89
21.98
FUTURES
FUTURES
INDEX
INDEX
55333.72
54140.46
1193.26
1142207
91312.88
1.58
4615658
412187.21
-55.65
OPTIONS
OPTIONS
STOCK
9028.57
9833.37
(804.80)
1013569
70249.31
(0.22)
STOCK
FUTURES
778394
56615.32
25.11
FUTURES
STOCK
STOCK
8543.07
8445.67
97.40
126545
9011.37
1.75
586109
45289.78
27.73
OPTIONS
OPTIONS
Total
75572.80
74569.13
1003.67
2621329
197752.69
1.17
TOTAL
6203324
533783.20
-47.99
Nifty Spot = 10283.60
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10300
88.35
Buy
10300
77.85
41.50
58.50
10341.50
34.30
65.70
10265.70
Sell
10400
46.85
Sell
10200
43.55
Buy
10300
88.35
Buy
10300
77.85
65.85
134.15
10365.85
54.25
145.75
10245.75
Sell
10500
22.50
Sell
10100
23.60
Buy
10400
46.85
Buy
10200
43.55
24.35
75.65
10424.35
19.95
80.05
10180.05
Sell
10500
22.50
Sell
10100
23.60
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 20, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
392
396
401
405
410
AMBUJACEM
270
272
276
278
282
ASIANPAINT
1,149
1,160
1,177
1,188
1,205
AUROPHARMA
697
703
713
719
729
AXISBANK
530
536
547
553
564
BAJAJ-AUTO
3,162
3,185
3,216
3,238
3,269
BAJFINANCE
1,755
1,771
1,794
1,810
1,833
BPCL
491
497
502
509
514
BHARTIARTL
482
488
497
503
512
INFRATEL
370
375
382
387
394
BOSCHLTD
18,515
18,741
19,145
19,371
19,775
CIPLA
594
601
608
615
622
COALINDIA
267
270
272
275
276
DRREDDY
2,274
2,298
2,328
2,352
2,381
EICHERMOT
30,343
30,525
30,683
30,865
31,022
GAIL
435
440
448
453
461
HCLTECH
827
834
845
851
863
HDFCBANK
1,801
1,813
1,826
1,838
1,851
HDFC
1,673
1,689
1,705
1,721
1,736
HEROMOTOCO
3,576
3,603
3,650
3,678
3,725
HINDALCO
253
256
260
262
266
HINDPETRO
406
410
416
420
425
HINDUNILVR
1,256
1,267
1,282
1,293
1,308
IBULHSGFIN
1,160
1,172
1,187
1,199
1,215
ICICIBANK
319
322
327
330
336
IOC
388
391
395
399
403
INDUSINDBK
1,607
1,620
1,628
1,640
1,649
INFY
954
962
974
983
994
ITC
255
256
258
259
261
KOTAKBANK
1,007
1,015
1,023
1,031
1,038
LT
1,201
1,212
1,226
1,237
1,250
LUPIN
819
824
832
837
845
M&M
1,405
1,411
1,418
1,424
1,431
MARUTI
8,165
8,257
8,310
8,401
8,454
NTPC
174
176
178
180
182
ONGC
173
175
179
182
186
POWERGRID
207
208
209
210
211
RELIANCE
899
905
915
922
932
SBIN
329
333
340
344
351
SUNPHARMA
504
511
516
523
529
TCS
2,675
2,691
2,720
2,736
2,764
TATAMOTORS
414
418
421
425
427
TATASTEEL
686
694
702
709
717
TECHM
471
478
489
496
508
ULTRACEMCO
4,178
4,223
4,286
4,330
4,394
UPL
710
717
729
736
749
VEDANTA
300
304
309
312
317
WIPRO
292
293
296
298
301
YESBANK
299
303
309
312
318
ZEEL
527
531
537
542
548
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Technical & Derivatives Report
November 20, 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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