Technical & Derivatives Report
December 20, 2017
Sensex (33837) / Nifty (10463)
Exhibit 1: Nifty Daily Chart
Post the domestic event; the market once again joined their
hands with global peers as we saw a gap up opening and then a
gradual up move throughout the session by adding another seven
tenths of a percent to the bulls kitty.
The volatile session on Monday was followed by a steady one as
the index displayed its strength right from the opening trade. As
mentioned in the earlier report, 10410 was the level to watch out
for. The Nifty has managed to surpass this level on a closing
basis and thereby negates the 'Lower Top Lower Bottom' structure.
Now, going ahead, 10410 - 10372 is likely to act as immediate
support levels; whereas in the upward direction, all time high of
10490 would be seen as next important junction for the index.
The range is very much defined now for coming days. A move
above record highs would extend the rally; whereas, the
weakness would be seen below the intraday support of 10372.
Considering recent whipsaws in breakouts / breakdowns, traders
are advised staying light in index specific trades and should
rather focus on individual stocks that are providing better trading
opportunities in both directions.
Key Levels
Support 1 - 10410
Resistance 1 - 10490
Support 2 - 10372
Resistance 2 - 10530
Nifty Bank Outlook - (25716)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened higher in yesterday's session and
then traded with a positive bias along with the broader markets.
Although, the trading range in the Nifty Bank index was
comparatively narrow and the index ended the session with gains
of 0.50 percent over its previous session's close.
In last couple of trading sessions, the Nifty Bank index has
resisted around 25760, which is the resistance according to the
gap formed during the corrective move on 30th November. Since
the broader markets have resumed the positive momentum and
the index heavyweight such as HDFC Bank has shown strength in
last couple of sessions, a move above the mentioned resistance
could lead to a positive momentum in the Nifty Bank index too in
near term. Hence, we advise traders to trade with a positive bias
on a breakout above 25760. On the flipside, the supports for the
index are placed around 25580 and 25450.
Key Levels
Support 1 - 25580
Resistance 1 - 25760
Support 2 - 25450
Resistance 2 - 25830
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Technical & Derivatives Report
December 20, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 5.77%
BankNifty futures open interest has increased by 1.71%
as market closed at 10463.20 levels.
The Nifty December future closed with a premium of
7.75 points against a premium of 15.60 points in last
trading session. The January series closed at a premium
of 39.95 points.
The INDIA VIX has decreased from 13.11 to 12.18. At
the same time, the PCR-OI of Nifty has increased from
1.31 to 1.45 level.
Few of the liquid counters where we have seen high cost
of carry are RCOM, SUZLON, JSWSTEEL, MCX and ICIL.
Views
FIIs were net sellers in cash market segment to the tune
OI Gainers
of Rs. 408 crores. At the same time, they were buyers in
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
index futures of Rs. 220 crores with significant rise in
PAGEIND
55700
36.69
25284.45
4.32
open interest, indicating formation of both long and
OFSS
85500
30.73
4097.75
3.93
short positions in yesterday’s trading session.
M&M
8693500
24.40
1553.85
2.16
In index options front, they were buyers of Rs. 582 crores
TITAN
6616500
17.91
868.65
3.39
with marginal change in open interest. In call options, we
JETAIRWAYS
8042400
17.05
721.75
3.86
hardly saw any strikes adding relevant position.
GODFRYPHLP
757000
14.78
984.20
-1.10
However, decent amount of short covering was seen
RELINFRA
10163400
13.04
443.75
-0.45
10400-11000 strikes, indicating call writer have given up
GODREJCP
1958400
13.02
994.95
0.37
the hopes on market closing below 10400-10500 levels
in current expiry. On the flip side, 10250-10500 put
options added good amount of positions and looking at
OI Losers
puts implied volatility, we can sense these are short
OI
PRICE
formations. However, maximum concentration of OI
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
remains intact in 10500 call and 10000 put options.
CANBK
12024776
-7.06
371.25
1.42
In the initial part of the December series, we witnessed
CASTROLIND
8969800
-6.55
422.15
0.36
good amount of short forming in index futures and we
WOCKPHARMA
3427000
-5.37
788.85
3.90
believe these positions are still intact; especially in Nifty.
RECLTD
52524000
-4.55
157.05
3.29
Yesterday, the benchmark index has surpassed the
TV18BRDCST
84218000
-4.51
56.20
3.98
strong hurdle of 10400-10450 which may now result in
ICICIPRULI
6206200
-4.33
396.00
3.88
further upside due covering of the shorts formed earlier.
MARICO
5408000
-4.28
313.75
1.65
At current juncture, traders are advised avoiding any
JISLJALEQS
44118000
-4.13
121.95
11.73
fresh shorts in index and focus on individual counters to
fetch higher returns.
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.45
1.34
MARUTI
31.44
BANKNIFTY
1.23
0.98
HEROMOTOCO
28.83
RELIANCE
0.38
0.50
JISLJALEQS
71.55
TATAMOTORS
0.40
0.34
OFSS
25.28
INFY
0.75
0.63
EXIDEIND
23.70
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Technical & Derivatives Report
December 20, 2017
FII Statistics for December 19, 2017
Turnover on December 19, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2507.96
2287.51
220.44
205599
16710.28
10.03
170955
14547.58
-65.99
FUTURES
FUTURES
INDEX
INDEX
54964.52
54382.46
582.05
1286575
103905.17
0.33
4835628
436481.08
-48.43
OPTIONS
OPTIONS
STOCK
7464.31
6976.91
487.40
1062903
75555.66
0.39
STOCK
FUTURES
679193
50619.00
-18.97
FUTURES
STOCK
STOCK
7577.99
7530.56
47.43
73649
5475.46
3.74
595728
45355.93
-7.16
OPTIONS
OPTIONS
Total
72514.77
71177.44
1337.33
2628726
201646.57
1.15
TOTAL
6281504
547003.58
-45.33
Nifty Spot = 10463.20
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10500
49.45
Buy
10500
80.90
32.05
67.95
10532.05
37.75
62.25
10462.25
Sell
10600
17.40
Sell
10400
43.15
Buy
10500
49.45
Buy
10500
80.90
44.15
155.85
10544.15
55.85
144.15
10444.15
Sell
10700
5.30
Sell
10300
25.05
Buy
10600
17.40
Buy
10400
43.15
12.10
87.90
10612.10
18.10
81.90
10381.90
Sell
10700
5.30
Sell
10300
25.05
Note: Above mentioned Bullish or Bearish Spreads in Nifty (December Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
December 20, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
397
401
405
410
414
AMBUJACEM
261
266
269
274
277
ASIANPAINT
1,121
1,129
1,139
1,148
1,158
AUROPHARMA
673
679
683
689
693
AXISBANK
541
547
552
558
562
BAJAJ-AUTO
3,193
3,256
3,294
3,357
3,394
BAJFINANCE
1,724
1,741
1,756
1,773
1,788
BPCL
523
528
531
536
539
BHARTIARTL
512
524
532
544
552
INFRATEL
355
359
361
365
368
BOSCHLTD
19,649
19,759
19,919
20,029
20,189
CIPLA
587
596
601
609
614
COALINDIA
263
265
269
271
274
DRREDDY
2,374
2,387
2,404
2,417
2,435
EICHERMOT
29,623
30,223
30,587
31,187
31,550
GAIL
483
490
496
503
510
HCLTECH
850
860
874
884
898
HDFCBANK
1,867
1,876
1,885
1,893
1,902
HDFC
1,693
1,701
1,713
1,721
1,733
HEROMOTOCO
3,480
3,590
3,651
3,761
3,821
HINDALCO
249
252
253
256
258
HINDPETRO
427
432
436
441
445
HINDUNILVR
1,317
1,333
1,343
1,359
1,368
IBULHSGFIN
1,179
1,191
1,200
1,211
1,220
ICICIBANK
306
310
312
316
319
IOC
403
406
410
413
417
INDUSINDBK
1,654
1,662
1,673
1,681
1,693
INFY
989
996
1,007
1,015
1,026
ITC
262
263
264
265
267
KOTAKBANK
1,005
1,013
1,021
1,029
1,036
LT
1,210
1,215
1,218
1,223
1,227
LUPIN
854
861
866
873
878
M&M
1,507
1,532
1,546
1,571
1,585
MARUTI
9,130
9,466
9,662
9,998
10,194
NTPC
176
178
179
181
183
ONGC
182
183
185
186
188
POWERGRID
198
200
202
204
205
RELIANCE
917
922
924
929
931
SBIN
316
318
320
322
324
SUNPHARMA
519
523
529
534
540
TCS
2,546
2,561
2,579
2,594
2,612
TATAMOTORS
402
411
416
425
431
TATASTEEL
702
706
709
713
716
TECHM
490
493
496
499
502
ULTRACEMCO
4,299
4,330
4,350
4,381
4,401
UPL
701
720
731
749
760
VEDANTA
307
311
314
319
322
WIPRO
287
290
293
296
300
YESBANK
307
310
312
315
317
ZEEL
569
574
579
584
588
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Technical & Derivatives Report
December 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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