Technical & Derivatives Report
November 20, 2018
Sensex (35775) / Nifty (10763)
Exhibit 1: Nifty Daily Chart
We had a gap up opening to begin the trading for the week. The
global set up was just perfect for such kind of head start.
Subsequently, index saw some profit booking in the initial trade to
fill the complete gap. However, post some consolidation, strong
buying emerged at lower levels which continued till the last
minute of the trade. As a result, the index went on to gain three
fourth of a percent to conclude the session tad above the 10750
mark.
Yesterday, our benchmark index (Nifty) closed at an interesting
point. It is interesting because most of the traders left clueless
whether they should carry their longs or just to take the money off
the table. Since last couple of weeks, we have been eyeing this
zone of 10750 - 10850, which coincides with the 200-day SMA,
89-day EMA and the gap area created on October 04, 2018. We
have been quite vocal on index continuing this relief move
The banking index remained quiet throughout the day. Hence,
towards the important junction. The Nifty is now finally at this
if Nifty has to extend this move then banking index needs to
point; but the kind of gush we saw towards the fag end, it has left
step up now. Also, the midcap index has been showing some
us in two minds now. If we keep all things aside and just have to
interesting movement of late. Since last 6 - 7 days, it’s been
comment looking at charts, then we would not hesitate to call it
struggling to overcome the 89-day EMA. If it manages to
as a strong signal. There is high probability that the index would
break out from this multiple high zone, traders would get
take out this the hurdle of 10800 - 10850 and move higher. But,
decent opportunities going forward.
since it’s a crucial deciding level, we would rather see how index
behaves today. If it continues to remain above 10800 - 10850,
then traders should gear themselves up for further move. On the
Key Levels
lower side, 10700 followed by 10650 would be seen as key
Support 1 - 10700
Resistance 1 -
10800
supports.
Support 2 - 10650
Resistance 2 -
10850
Nifty Bank Outlook - (26301)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index started trading for the week marginally
positive and then traded in a narrow range to end with marginal
gains. The consolidation was mainly seen as market participants
awaited the outcome of the RBI board meet yesterday.
In last few sessions, the Nifty Bank index has clearly shown an
Outperformance as the stocks within the sector has witnessed
relative strength. As of now, there are no signs of reversal and
hence, the index could continue with the momentum in near term.
The near-term support for the index is now placed in the range of
26120-26090 whereas resistances are seen around 26500 and
26650. Traders are advised to trade on stock specific strategy
with proper risk management.
Key Levels
Support 1 - 26120
Resistance 1 -
26500
Support 2 - 26090
Resistance 2 -
26650
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Technical & Derivatives Report
November 20, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.67%.
Bank Nifty futures open interest has increased by 6.96%
as market closed at 10763.40 levels.
The Nifty November future closed with a premium of
4.75 points against a premium of 5.05 points in last
trading session. The December series closed at a
premium of 39.15 points.
The INDIA VIX has increased from 18.35 to 19.25.
At the same time, the PCR-OI of Nifty has increased from
1.64 to 1.73.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, SUZLON, JPASSOCIAT,
RCOM and CHENNPETRO.
Views
OI Gainers
FIIs continue their buying streak in cash market segment
OI
PRICE
SCRIP
OI
PRICE
to the tune of 1103 crores. In index futures segment, they
CHG. (%)
CHG. (%)
were buyers of Rs. 861 crores in index futures with rise in
JETAIRWAYS
7059400
38.57
322.70
-1.59
open interest, indicating fresh long formation in
ACC
1081600
18.18
1501.65
0.10
yesterday’s session.
SIEMENS
2356000
16.37
941.65
-4.28
In options front, they sold of Rs. 1746 crores with rise in
OIL
3878259
14.10
200.70
0.61
open interest. As far as Nifty options activities are
INFIBEAM
14404000
11.59
48.45
2.77
considered, we saw fresh build-up in 11000 call along
YESBANK
138773250
-2.58
204.80
7.01
with decent unwinding in 10500-10700 strikes. On the
ARVIND
9192000
2.41
317.75
-0.41
flip side, huge amount of build-up was seen in 10500-
NMDC
21762000
3.63
100.80
-0.05
10700 put options and some build-up also took place in
10800 strike. Now, maximum open interest for
November series stands at 11000 followed by 10800
OI Losers
call and 10000 followed by 10200 put options.
OI
PRICE
SCRIP
OI
PRICE
Post Friday’s upmove beyond the hurdle of
CHG. (%)
CHG. (%)
CESC
1623050
-8.78
686.20
-0.18
10600-10650, as anticipated market extended its move
CHOLAFIN
670500
-8.53
1248.35
-0.46
and rallied another 0.76% yesterday. We saw addition
UBL
2025100
-7.84
1317.65
-0.35
on fresh longs in both Nifty as well as BankNifty.
JUSTDIAL
1843800
-7.51
493.25
0.26
Meanwhile, we also saw massive writing in 10500-
10700 put options; whereas, no major activity was seen
BANKINDIA
26496000
-7.36
87.45
-0.96
in
10800-10900 strikes which means index could
DABUR
12568750
-6.60
408.50
3.25
continue its ongoing rally going ahead. Stronger hands
RELINFRA
7172100
-6.30
352.95
6.99
to have turned net buyers in cash and index futures
AMBUJACEM
14952500
-5.54
220.40
1.40
segment. Hence, traders are advised trading with a
positive bias and use intraday declines to add longs.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CGPOWER
59.60
NIFTY
1.73
1.03
ITC
28.28
BANKNIFTY
1.33
1.16
RELINFRA
71.85
RELIANCE
0.78
0.52
NESTLEIND
35.03
ICICIBANK
0.84
0.64
JPASSOCIAT
76.09
INFY
0.78
0.48
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Technical & Derivatives Report
November 20, 2018
FII Statistics for November 19, 2018
Turnover on November 19, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3257.69
2396.99
860.71
453346
34946.50
2.68
247285
16110.83
-17.52
FUTURES
FUTURES
INDEX
INDEX
56145.68
57891.22
(1745.55)
1066507
78536.88
3.07
6841368
405039.58
-11.77
OPTIONS
OPTIONS
STOCK
11275.75
11241.50
34.25
1429002
84408.07
(0.02)
STOCK
FUTURES
807650
44276.28
-16.19
FUTURES
STOCK
STOCK
7210.86
7316.45
(105.59)
168760
10141.53
1.46
759378
43026.78
-15.19
OPTIONS
OPTIONS
Total
77889.98
78846.16
(956.18)
3117615
208032.99
1.49
TOTAL
74455
700968
-12.66
Nifty Spot = 10763.40
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10800
83.60
Buy
10800
117.35
41.65
58.35
10841.65
38.55
61.45
10761.45
Sell
10900
41.95
Sell
10700
78.80
Buy
10800
83.60
Buy
10800
117.35
65.45
134.55
10865.45
64.15
135.85
10735.85
Sell
11000
18.15
Sell
10600
53.20
Buy
10900
41.95
Buy
10700
78.80
23.80
76.20
10923.80
25.60
74.40
10674.40
Sell
11000
18.15
Sell
10600
53.20
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, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
339
345
348
354
358
ASIANPAINT
1,291
1,301
1,316
1,326
1,341
AXISBANK
603
610
615
622
627
BAJAJ-AUTO
2,648
2,664
2,686
2,702
2,724
BAJFINANCE
2,306
2,333
2,378
2,405
2,450
BAJAJFINSV
5,599
5,662
5,714
5,777
5,829
BPCL
314
318
321
326
329
BHARTIARTL
312
324
332
344
351
INFRATEL
255
258
260
262
264
CIPLA
517
523
529
535
541
COALINDIA
262
263
264
265
266
DRREDDY
2,466
2,497
2,521
2,553
2,577
EICHERMOT
24,374
24,636
24,988
25,249
25,601
GAIL
323
329
336
342
350
GRASIM
815
832
847
864
879
HCLTECH
1,004
1,022
1,032
1,051
1,061
HDFCBANK
1,993
2,004
2,012
2,023
2,031
HDFC
1,859
1,879
1,893
1,913
1,927
HEROMOTOCO
2,945
2,963
2,981
2,999
3,017
HINDALCO
227
231
234
238
241
HINDPETRO
232
238
243
249
253
HINDUNILVR
1,665
1,683
1,695
1,713
1,725
IBULHSGFIN
700
717
747
763
793
ICICIBANK
355
359
365
368
375
IOC
138
140
142
145
147
INDUSINDBK
1,464
1,501
1,521
1,558
1,578
INFY
642
647
654
659
667
ITC
274
279
282
288
291
JSW STEEL
330
333
336
340
343
KOTAKBANK
1,152
1,164
1,176
1,188
1,200
LT
1,386
1,402
1,411
1,426
1,436
M&M
765
773
778
787
792
MARUTI
7,225
7,318
7,384
7,477
7,543
NTPC
151
152
153
154
156
ONGC
151
153
155
156
158
POWERGRID
186
188
189
191
192
RELIANCE
1,124
1,137
1,144
1,157
1,165
SBIN
282
285
289
292
297
SUNPHARMA
515
523
528
536
541
TCS
1,848
1,875
1,891
1,918
1,934
TATAMOTORS
177
181
183
187
189
TATASTEEL
570
576
580
586
590
TECHM
720
726
731
737
741
TITAN
909
915
921
927
933
ULTRACEMCO
3,916
3,974
4,010
4,068
4,105
UPL
763
769
773
780
784
VEDANTA
205
208
211
214
216
WIPRO
316
324
330
338
344
YESBANK
190
197
202
209
213
ZEEL
433
440
445
452
457
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Technical & Derivatives Report
November 20, 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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