Technical & Derivatives Report
November 21, 2018
Sensex (35475) / Nifty (10656)
Exhibit 1: Nifty Daily Chart
Yesterday, clearly the global bourses spoiled the party for our
markets. After Monday’s encouraging close, we had a gap down
opening on the back of massive sell off seen in all major global
indices. To worsen this, our markets corrected sharply post the
midsession to pare down all Monday’s gains and in fact more
than that to conclude the session with a cut of a percent.
In our previous article, we had stated about index placing at a
crucial juncture. Ideally, we would have taken a call about Nifty
extending this relief move yesterday; but since, it’s a zone of
multiple resistances; we chose to wait for further developments.
Yesterday’s correction proves the significance of this sturdy wall of
10750 - 10850. Now the question is whether this is just a
breather or corrective phase has resumed once again? In our
sense, it would be too early to take this call. We are in a ‘No
trade zone’ of 10600 - 10800 at this moment. We would wait for
a decisive move outside this mentioned range which would
dictate the near term trend. Hence, traders are advised to remain
light within this range and a breakout on either side would
provide better trading opportunities.
Here, the banking index would play a vital role and if Nifty has to
go beyond 10800, the heavyweight banking counters needs to
contribute heavily. Also, the midcap index has been struggling
around its recent highs as we can see all attempts in last 6 - 7
sessions to surpass the resistance have been sold into. Hence,
one needs to closely keep a watch on this development as well.
Key Levels
Support 1 - 10600
Resistance 1 -
10740
Support 2 - 10580
Resistance 2 -
10800
Nifty Bank Outlook - (26113)
Exhibit 2: Nifty Bank Daily Chart
On the back of negative global cues, the Nifty Bank Index opened
negative in yesterday’s session. Along with the broader markets,
the index corrected during the day and ended with a loss of
seven-tenths of a percent.
The Nifty Bank Index has retraced 50 percent of the down move
that we had seen in the months of September and October.
Yesterday’s correction from this resistance is an indication of
market participants taking some money off the table after the
recent rally. In the next few trading sessions, we expect some
consolidation in the Nifty Bank Index wherein stock specific
momentum could be there to trade with long as well as short
bias. Hence, we advise short-term traders to focus on stock
specific strategies at the moment. The intraday term supports for
the index are placed around
26000 and
25840 whereas
resistances are seen around 26260 and 26380.
Key Levels
Support 1 - 26000
Resistance 1 -
26260
Support 2 - 25840
Resistance 2 -
26380
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Technical & Derivatives Report
November 21, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 2.36%.
Bank Nifty futures open interest has decreased by 0.03%
as market closed at 10656.20 levels.
The Nifty November future closed with a premium of
15.75 points against a premium of 4.75 points in last
trading session. The December series closed at a
premium of 33.00 points.
The INDIA VIX has increased from 19.25 to 19.33.
At the same time, the PCR-OI of Nifty has decreased
from 1.73 to 1.64.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, SUZLON, JPASSOCIAT,
RCOM and CHENNPETRO.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of 753 crores. In index futures segment, they were buyers
CHG. (%)
CHG. (%)
of Rs. 170 crores in index futures with fall in open
JUSTDIAL
2151800
16.70
512.70
3.69
interest, indicating mixed activity in yesterday’s session.
DALMIABHA
506100
16.51
2258.60
-0.04
In options front, they sold of Rs. 738 crores with rise in
IOC
35019000
14.92
139.05
-2.32
open interest. As far as Nifty options activities are
ALBK
21654000
14.21
44.65
2.40
considered, we saw fresh build-up in 10750-10900 call
REPCOHOME
788400
11.17
397.25
0.51
strikes. On the flip side, some unwinding took place in
GLENMARK
4485000
9.95
635.40
-1.86
10700-10800 put options. Now, maximum open interest
SAIL
83916000
9.28
62.40
-3.10
for November series stands at 10800 followed by 11000
RECLTD
38208000
8.99
122.90
-1.37
call and 10000 followed by 10500 put options.
Post Monday’s strong upmove, our market opened with a
downside gap and remained under pressure throughout
OI Losers
the day. In the later half, selling accelerated and sharp
OI
PRICE
SCRIP
OI
PRICE
fall was witnessed to conclude the session 1% lower.
CHG. (%)
CHG. (%)
SRF
602000
-12.88
2081.50
-0.76
However, we hardly saw any relevant open interest
HCC
19701866
-12.16
12.50
-4.20
activity in index futures segment. In Nifty options, we saw
COLPAL
1632400
-9.33
1157.95
0.16
decent writing in 10750-10900 call options. At present,
JETAIRWAYS
6440200
-8.77
310.35
-3.93
immediate supports lies around 10600-10650 mark.
Traders are advised using these declines to add-on fresh
ARVIND
8536000
-7.14
318.65
0.11
longs.
BANKINDIA
24666000
-6.91
85.85
-1.88
VEDL
38214200
-6.63
205.25
-3.33
DIVISLAB
2644000
-5.61
1534.30
-1.63
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
WIPRO
31.43
NIFTY
1.64
1.01
JISLJALEQS
58.01
BANKNIFTY
1.01
0.96
KTKBANK
35.17
RELIANCE
0.69
0.71
HINDALCO
53.83
ICICIBANK
0.74
0.64
NTPC
26.46
INFY
0.72
0.42
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Technical & Derivatives Report
November 21, 2018
FII Statistics for November 20, 2018
Turnover on November 20, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3041.42
2870.91
170.50
452270
34458.35
(0.24)
280389
18392.61
14.16
FUTURES
FUTURES
INDEX
INDEX
78639.13
79377.16
(738.02)
1072664
78088.36
0.58
9293153
545875.48
34.77
OPTIONS
OPTIONS
STOCK
11852.08
12425.33
(573.24)
1430757
83268.03
0.12
STOCK
FUTURES
855359
47627.92
7.57
FUTURES
STOCK
STOCK
8232.19
8467.89
(235.70)
171496
10221.93
1.62
810109
47336.07
10.02
OPTIONS
OPTIONS
Total
101764.82
103141.28
(1376.46)
3127187
206036.66
0.31
TOTAL
74455
700968
29.65
Nifty Spot = 10656.20
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
82.00
Buy
10700
107.00
40.15
59.85
10740.15
39.55
60.45
10660.45
Sell
10800
41.85
Sell
10600
67.45
Buy
10700
82.00
Buy
10700
107.00
64.10
135.90
10764.10
65.45
134.55
10634.55
Sell
10900
17.90
Sell
10500
41.55
Buy
10800
41.85
Buy
10600
67.45
23.95
76.05
10823.95
25.90
74.10
10574.10
Sell
10900
17.90
Sell
10500
41.55
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, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
343
349
353
360
364
ASIANPAINT
1,288
1,297
1,314
1,324
1,341
AXISBANK
604
608
614
618
624
BAJAJ-AUTO
2,642
2,654
2,667
2,679
2,692
BAJFINANCE
2,326
2,353
2,373
2,400
2,420
BAJAJFINSV
5,584
5,636
5,700
5,753
5,817
BPCL
316
319
325
328
334
BHARTIARTL
322
327
333
338
344
INFRATEL
256
258
260
262
263
CIPLA
512
516
523
527
534
COALINDIA
258
260
263
264
267
DRREDDY
2,384
2,414
2,467
2,496
2,549
EICHERMOT
23,899
24,248
24,799
25,147
25,698
GAIL
334
339
343
347
351
GRASIM
814
826
844
857
875
HCLTECH
984
997
1,016
1,028
1,047
HDFCBANK
1,990
2,001
2,010
2,022
2,031
HDFC
1,852
1,865
1,884
1,897
1,916
HEROMOTOCO
2,911
2,936
2,965
2,990
3,019
HINDALCO
212
217
225
230
239
HINDPETRO
235
239
246
250
257
HINDUNILVR
1,671
1,683
1,696
1,708
1,721
IBULHSGFIN
673
690
717
734
761
ICICIBANK
348
353
359
364
370
IOC
134
136
141
143
148
INDUSINDBK
1,510
1,534
1,552
1,576
1,594
INFY
630
636
646
652
662
ITC
279
282
284
286
289
JSW STEEL
323
325
330
333
337
KOTAKBANK
1,154
1,162
1,170
1,178
1,186
LT
1,399
1,406
1,415
1,422
1,430
M&M
764
773
783
792
802
MARUTI
7,231
7,282
7,363
7,415
7,496
NTPC
146
147
150
152
155
ONGC
151
152
154
155
157
POWERGRID
185
187
189
191
193
RELIANCE
1,115
1,126
1,141
1,152
1,167
SBIN
279
281
285
287
291
SUNPHARMA
515
520
526
532
538
TCS
1,857
1,868
1,885
1,895
1,913
TATAMOTORS
180
182
185
187
190
TATASTEEL
552
558
568
574
584
TECHM
687
698
715
727
744
TITAN
900
908
917
924
933
ULTRACEMCO
3,908
3,942
3,994
4,029
4,081
UPL
734
747
760
772
785
VEDANTA
194
200
205
211
216
WIPRO
313
317
324
328
335
YESBANK
186
189
194
198
203
ZEEL
436
442
447
453
458
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Technical & Derivatives Report
November 21, 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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