Technical & Derivatives Report
November 21, 2017
Sensex (33360) / Nifty (10299)
Exhibit 1: Nifty Daily Chart
Yesterday was the day of consolidation for our markets as we
saw index gyrating in a small range of nearly 50 points
throughout the session. Eventually, the bulls managed to hold
their dominance by concluding the inaugural day of the week
with nominal gains.
We were seeing 10250 as a key support and the Nifty
recovered yesterday from the kissing distance of this
mentioned level. Going ahead, 10344 - 10368 remains to be
an immediate hurdle; whereas any move below 10250 would
resume downward move to test the sub-10200 levels. Having
said that the stock specific moves in midcap counters were
quite encouraging during the session and hence, one needs to
concentrate more on such stocks that are likely to provide
better trading opportunities.
Key Levels
Support 1 - 10250
Resistance 1 - 10344
Support 2 - 10200
Resistance 2 - 10368
Nifty Bank Outlook - (25769)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index too traded in a narrow range of about
120 points in yesterday's session and ended the day with
marginal gains.
Although the Nifty Bank index has been an outperformer
during last week, we have been witnessing a stock specific
momentum now within the banking space. Hence, traders
should focus on stock specific moves at the moment, As far as
the index levels are concerned, Friday's gap area of 25680-
25496 is now a key support zone in near term. Any long
positions in the index should now be protected with a stop loss
below the lower end of the mentioned support range. On the
flipside, the intraday resistance is seen in the range of 25900-
26000.
Key Levels
Support 1 - 25680
Resistance 1 - 25900
Support 2 - 25496
Resistance 2 - 26000
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Technical & Derivatives Report
November 21, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.10%
BankNifty futures open interest has increased by 1.36%
as market closed at 10298.75 levels.
The Nifty November future closed with a premium of
21.30 points against a premium of 25.25 points in last
trading session. The December series closed at a
premium of 56.45 points.
The INDIA VIX has decreased from 13.77 to 13.43. At
the same time, the PCR-OI of Nifty is unchanged at 1.23
level.
Few of the liquid counters where we have seen high cost
of carry are RCOM, MGL, IFCI, DISHTV and PTC.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
of Rs. 359 crores. While, they were buyers in index
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
futures of Rs. 211 crores with rise in open interest,
SHREECEM
41600
26.06
17522.70
-4.16
suggesting some fresh long formation in previous trading
TATAPOWER
46143000
15.76
92.15
2.96
session.
VOLTAS
3640000
13.93
628.40
2.69
In index options front, they sold worth Rs. 892 crores with
BALKRISIND
490400
11.76
2080.90
-0.50
rise in open interest. In call options, we saw fresh build-
AJANTPHARM
1163400
11.09
1341.85
5.24
up in 10300-10500 strikes. On the other side, good
TATAELXSI
2402400
11.06
936.75
4.42
amount of open interest addition was visible in 10000,
UJJIVAN
8643600
10.62
406.30
3.73
10200-10300 put options; followed by unwinding in
OFSS
74550
9.96
3681.95
0.48
10150 strike. At present, highest open interest still
remains intact at 10500 call and 10200 put options.
OI Losers
Yesterday, market remained quite ranged-bound and
OI
PRICE
concluded the session with marginal gains. Since past
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
two trading session, FIIs have been forming some long
PAGEIND
39450
-10.95
23052.05
-1.72
positions in index futures; however, they continue adding
DLF
46465000
-10.14
228.15
1.56
shorts in stock futures segment. At present, their index
HDIL
36373000
-8.47
64.50
0.39
futures ‘Long Short Ratio’ declined to
50%, which
ICIL
12225500
-7.54
128.50
0.19
indicates they have equal long and short positions in
CEATLTD
1881250
-6.68
1779.55
-0.24
index futures. Looking at the above data points, we
DIVISLAB
3805600
-4.84
1046.70
2.30
would advise traders to remain light in index unless we
PIDILITIND
1436000
-4.71
849.80
1.66
see relevant positions forming in either direction.
TORNTPHARM
698800
-4.27
1253.30
-0.86
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
AMBUJACEM
26.56
NIFTY
1.23
0.86
RAMCOCEM
31.84
BANKNIFTY
1.21
0.99
SHREECEM
33.81
TATAMOTORS
0.34
0.39
IBREALEST
62.30
YESBANK
0.34
0.32
ACC
27.64
SBIN
0.81
0.71
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Technical & Derivatives Report
November 21, 2017
FII Statistics for November 20, 2017
Turnover on November 20, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
991.49
780.01
211.48
341203
27385.02
0.65
109894
9432.22
-52.10
FUTURES
FUTURES
INDEX
INDEX
37347.32
38239.74
(892.42)
1150332
92118.37
0.71
3186270
283548.02
-31.21
OPTIONS
OPTIONS
STOCK
7216.84
7829.46
(612.62)
1014351
70540.26
0.08
STOCK
FUTURES
603794
43214.85
-23.67
FUTURES
STOCK
STOCK
6017.19
5966.73
50.46
127926
9110.43
1.09
435358
33128.30
-26.85
OPTIONS
OPTIONS
Total
51572.84
52815.94
(1243.10)
2633812
199154.09
0.48
TOTAL
4335316
369323.39
-30.81
Nifty Spot = 10298.75
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10300
88.10
Buy
10300
66.30
42.65
57.35
10342.65
31.25
68.75
10268.75
Sell
10400
45.45
Sell
10200
35.05
Buy
10300
88.10
Buy
10300
66.30
66.50
133.50
10366.50
47.75
152.25
10252.25
Sell
10500
21.60
Sell
10100
18.55
Buy
10400
45.45
Buy
10200
35.05
23.85
76.15
10423.85
16.50
83.50
10183.50
Sell
10500
21.60
Sell
10100
18.55
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 21, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
392
395
401
404
409
AMBUJACEM
257
261
267
271
277
ASIANPAINT
1,151
1,159
1,167
1,175
1,184
AUROPHARMA
697
702
708
713
719
AXISBANK
532
539
543
550
554
BAJAJ-AUTO
3,177
3,210
3,232
3,265
3,287
BAJFINANCE
1,757
1,781
1,794
1,818
1,832
BPCL
492
498
503
509
514
BHARTIARTL
485
489
493
497
500
INFRATEL
375
379
386
391
397
BOSCHLTD
18,604
18,990
19,220
19,606
19,836
CIPLA
591
598
603
609
615
COALINDIA
266
272
276
282
286
DRREDDY
2,214
2,244
2,291
2,321
2,367
EICHERMOT
30,344
30,492
30,623
30,771
30,902
GAIL
435
448
456
469
478
HCLTECH
831
837
843
848
854
HDFCBANK
1,825
1,832
1,836
1,842
1,846
HDFC
1,672
1,681
1,694
1,702
1,715
HEROMOTOCO
3,584
3,621
3,655
3,692
3,726
HINDALCO
250
256
259
265
268
HINDPETRO
406
411
414
419
422
HINDUNILVR
1,259
1,267
1,274
1,282
1,289
IBULHSGFIN
1,168
1,184
1,194
1,210
1,221
ICICIBANK
313
316
320
323
327
IOC
385
389
393
397
401
INDUSINDBK
1,617
1,633
1,646
1,662
1,675
INFY
949
955
963
969
977
ITC
256
257
259
261
263
KOTAKBANK
1,008
1,024
1,033
1,049
1,058
LT
1,210
1,220
1,234
1,244
1,258
LUPIN
818
822
827
831
836
M&M
1,389
1,399
1,409
1,419
1,429
MARUTI
8,309
8,367
8,408
8,466
8,507
NTPC
176
178
180
182
184
ONGC
177
178
179
181
182
POWERGRID
204
206
208
211
213
RELIANCE
897
909
917
928
936
SBIN
328
330
334
336
340
SUNPHARMA
510
514
518
521
525
TCS
2,677
2,690
2,709
2,722
2,740
TATAMOTORS
417
420
423
426
429
TATASTEEL
682
692
700
710
718
TECHM
468
472
480
484
492
ULTRACEMCO
4,127
4,154
4,197
4,224
4,268
UPL
716
722
728
734
740
VEDANTA
299
306
311
318
322
WIPRO
290
292
295
297
299
YESBANK
306
310
312
316
318
ZEEL
525
529
532
536
539
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Technical & Derivatives Report
November 21, 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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