Technical & Derivatives Report
December 21, 2017
Sensex (33777) / Nifty (10444)
Exhibit 1: Nifty Daily Chart
Yesterday, despite not so favorable cues from other global
bourses, our markets opened at new record high. However, this
early morning lead was quite short lived as we saw Nifty
immediately settling down around previous day’s close. This was
followed by some consolidation and then yet another bout of
profit booking towards the fag end to conclude the session tad
below the 10450 mark.
The way markets closed yesterday and importantly opened with
strength, traders’ fraternity became so delighted to witness yet
another milestone of 10500 on the screen. However, we saw
some hint of volatility and profit booking in the latter half to end
the session with a nominal cut. Yesterday, Nifty came off a bit
from the kissing distance of 10500, which was quite evident as it
holds a crucial level on technical as well as on the derivatives
front. Hence, we advised not to trade aggressively in the index;
but the way some of the individual stocks gave a spellbinding
move was very much on our expected lines. Traders are advised
to keep a close track of the trading range 10490 - 10372.
Key Levels
Support 1 - 10410
Resistance 1 - 10490
Support 2 - 10372
Resistance 2 - 10530
Nifty Bank Outlook - (25592)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened near the gap resistance area which
we have been mentioning about in our report since last couple of
days. During the day, although the broader markets rallied
higher with positive market breadth, the Nifty Bank index
continued to consolidate in a range around the resistance zone.
During last hour of trade, the index then corrected marginally and
ended the session with a loss of 0.49 percent.
Since last three sessions, the Nifty bank index has resisted in the
range of 25750-25800 which is the resistance according to the
gap formed during the corrective move on 30th November. Since
the index is now showing some underperformance, traders should
wait for a clear breakout above the mentioned range to take a
directional view in the Nifty Bank index. Until then, we continue
with our advice to focus on stock specific moves and trade with
proper risk management.
Key Levels
Support 1 - 25465
Resistance 1 - 25750
Support 2 - 25425
Resistance 2 - 25800
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Technical & Derivatives Report
December 21, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 5.76%
BankNifty futures open interest has decreased by 5.05%
as market closed at 10444.20 levels.
The Nifty December future closed with a premium of
25.95 points against a premium of 7.75 points in last
trading session. The January series closed at a premium
of 57.80 points.
The INDIA VIX was unchanged at 12.18. At the same
time, the PCR-OI of Nifty has increased from 1.45 to
1.50 level.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, RCOM, HDIL, IRB and OFSS.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 1505 crores. At the same time, they were sellers in
CHG. (%)
CHG. (%)
index futures of Rs. 348 crores with good amount of rise
RAMCOCEM
965600
117.09
812.05
13.18
in open interest, indicating formation of both long and
PNB
58162000
30.27
171.25
-4.30
short positions in yesterday’s trading session.
DLF
52245000
14.76
245.80
4.73
In index options front, they were buyers of Rs. 1628
CHOLAFIN
582000
14.68
1305.35
0.97
crores with rise in open interest. In call options, we saw
M&M
9965000
14.63
1542.80
-0.71
some OI addition in 10500-10550 strikes; followed by
NCC
29520000
13.26
129.60
4.18
good amount of unwinding in
10200-10400 call
ARVIND
7840000
13.03
456.40
3.11
options. On the flip side, OI addition was seen in 10300,
JISLJALEQS
49734000
12.73
127.65
4.67
10400, 10450 and 10500 put options; while, 10000
and 10200 sheds decent positions. However, highest OI
concentration remains intact in 10500 and 10000 put
OI Losers
options.
OI
PRICE
SCRIP
OI
PRICE
In last three trading session, we have been witnessing
CHG. (%)
CHG. (%)
WIPRO
44592000
1.84
291.45
1.36
mixed activity by stronger hands. At present, looking at
BALKRISIND
608400
1.20
2474.60
-0.49
the options data we believe
10500-10550 is an
INFIBEAM
42664000
1.82
163.45
-0.46
immediate hurdle; whereas, the earlier resistance of
CASTROLIND
9458400
5.45
417.90
-1.01
10350-10400 should now act as a support for market.
The F&O data remains unclear for us as of now; hence,
INFY
31313000
1.52
1013.30
0.92
we would advise traders to remain light in index and
HINDUNILVR
10304400
2.84
1360.85
0.79
prefer stock centric approach.
DCBBANK
8239500
4.09
193.80
-1.42
HEXAWARE
6192000
2.48
324.35
0.51
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.50
1.26
RAMCOCEM
61.65
BANKNIFTY
1.07
0.91
RCOM
169.47
RELIANCE
0.35
0.38
PVR
38.92
MARUTI
1.00
0.60
RPOWER
44.50
INFY
0.84
0.64
RNAVAL
70.99
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Technical & Derivatives Report
December 21, 2017
FII Statistics for December 20, 2017
Turnover on December 20, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2382.43
2729.94
(347.51)
220706
17870.05
7.35
197848
16973.61
16.68
FUTURES
FUTURES
INDEX
INDEX
67107.44
65478.89
1628.55
1325278
106783.73
3.01
6535404
605022.49
38.61
OPTIONS
OPTIONS
STOCK
9947.77
8793.39
1154.38
1038985
74060.67
(2.25)
STOCK
FUTURES
852287
62428.23
23.33
FUTURES
STOCK
STOCK
8903.11
9022.08
(118.97)
79331
5922.93
7.71
705999
53267.11
17.44
OPTIONS
OPTIONS
Total
88340.75
86024.30
2316.45
2664300
204637.38
1.35
TOTAL
8291538
737691.44
34.86
Nifty Spot = 10444.20
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10500
43.45
Buy
10400
41.25
30.30
69.70
10530.30
16.95
83.05
10383.05
Sell
10600
13.15
Sell
10300
24.30
Buy
10500
43.45
Buy
10400
41.25
39.55
160.45
10539.55
26.25
173.75
10373.75
Sell
10700
3.90
Sell
10200
15.00
Buy
10600
13.15
Buy
10300
24.30
9.25
90.75
10609.25
9.30
90.70
10290.70
Sell
10700
3.90
Sell
10200
15.00
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 21, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
397
401
404
408
412
AMBUJACEM
264
266
269
271
274
ASIANPAINT
1,117
1,126
1,134
1,143
1,151
AUROPHARMA
675
681
688
695
701
AXISBANK
544
549
554
559
563
BAJAJ-AUTO
3,232
3,267
3,303
3,338
3,374
BAJFINANCE
1,733
1,752
1,768
1,787
1,803
BPCL
523
528
531
536
539
BHARTIARTL
518
523
532
538
546
INFRATEL
360
362
364
366
369
BOSCHLTD
19,499
19,671
19,892
20,065
20,286
CIPLA
590
595
603
609
616
COALINDIA
266
268
270
272
274
DRREDDY
2,323
2,339
2,367
2,384
2,412
EICHERMOT
29,304
29,739
30,369
30,804
31,434
GAIL
489
494
502
507
514
HCLTECH
859
864
870
875
881
HDFCBANK
1,839
1,854
1,878
1,893
1,918
HDFC
1,672
1,683
1,701
1,711
1,729
HEROMOTOCO
3,649
3,699
3,746
3,797
3,844
HINDALCO
247
253
257
263
267
HINDPETRO
424
428
432
436
441
HINDUNILVR
1,320
1,341
1,355
1,376
1,389
IBULHSGFIN
1,182
1,189
1,197
1,203
1,212
ICICIBANK
309
312
315
319
321
IOC
405
408
411
413
416
INDUSINDBK
1,640
1,650
1,666
1,676
1,691
INFY
994
1,005
1,012
1,023
1,029
ITC
262
262
264
264
266
KOTAKBANK
1,001
1,007
1,014
1,020
1,028
LT
1,196
1,214
1,227
1,246
1,259
LUPIN
850
862
875
888
901
M&M
1,510
1,526
1,549
1,564
1,587
MARUTI
9,514
9,624
9,810
9,920
10,106
NTPC
176
177
179
180
182
ONGC
185
187
189
190
192
POWERGRID
199
201
202
204
205
RELIANCE
910
914
921
925
931
SBIN
315
316
318
319
320
SUNPHARMA
522
524
528
531
535
TCS
2,535
2,562
2,577
2,604
2,620
TATAMOTORS
415
419
423
427
432
TATASTEEL
679
691
704
716
729
TECHM
486
490
493
496
499
ULTRACEMCO
4,281
4,307
4,339
4,364
4,396
UPL
727
732
738
743
749
VEDANTA
311
314
317
320
323
WIPRO
290
293
296
299
302
YESBANK
308
310
312
313
315
ZEEL
573
577
581
585
589
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Technical & Derivatives Report
December 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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