Technical & Derivatives Report
December 21, 2018
Sensex (36432) / Nifty (10952)
Exhibit 1: Nifty Daily Chart
Yesterday’s weak session was a knee-jerk reaction to the
relentless selling in US markets post the FOMC meet.
Subsequently, the index remained under pressure for the major
part of the session. However, quite similar to the recent trend,
index recovered during the latter half and pared down almost all
losses to close on a flat note.
The outperformance from markets as compared to the global
peers continues and this is really a remarkable achievement for
our markets. In the previous four sessions, Dow Jones corrected
nearly 1400 points; but we reacted as if nothing has happened.
Yesterday too US markets had a strong sell-off but considering
the recent behavior, it’s better not to give much weightage to this
development. As far as our index is concerned, 10880 - 10840
are likely to provide support; whereas on the upside, 11000 -
11100 are the levels to watch out for.
Hence, we continue to remain upbeat and advise traders to keep
trailing their stop losses for existing positions. The banking and
midcap baskets continue to impress traders. Thus, one should
focus on such potential candidates which are likely to fetch higher
returns.
Key Levels
Support 1 - 10880
Resistance 1 -
11000
Support 2 - 10840
Resistance 2 -
11100
Nifty Bank Outlook - (27275)
Exhibit 2: Nifty Bank Daily Chart
Bank Nifty too witnessed a gap down opening however post the
initial weakness there was no further selloff and after trading in a
slender range for the most part of the session it eventually ended
with a marginal loss.
Technically, not much has changed as after an initial dip the Bank
Index has ended just around its previous session close. On the
daily chart, Bank Index continues to sustain above previous swing
high (27037) and with no signs of weakness we sense the up
move to continue for the near term. Since it was a weekly option
expiry for Bank Nifty we witnessed stock specific move during the
session and we sense such moves may continue for the next few
sessions with a positive bias. As far as levels are concerned,
support zone is placed around
27040
-
27000 whereas
immediate resistance is placed around 27444-27650.
Key Levels
Support 1 - 27040
Resistance 1 -
27444
Support 2 - 27000
Resistance 2 -
27650
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Technical & Derivatives Report
December 21, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.56%.
Bank Nifty futures open interest has increased by 1.01%
as market closed at 10951.70 levels.
The Nifty December future closed with a premium of
26.50 points against a premium of 19.20 points in last
trading session. The January series closed at a premium
of 66.30 points.
The INDIA VIX has decreased from 14.66 to 14.33.
At the same time, the PCR-OI of Nifty remained
unchanged at 1.66.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, CESC, JPASSOCIAT, GMRINFRA
and ICICIPRULI.
Views
FIIs were net buyers in cash market segment to the tune
OI Gainers
of Rs. 386 crores. In index futures segment, they bought
OI
PRICE
of Rs. 300 crores with rise in open interest, indicating
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
fresh long formation in yesterday’s trading session.
NATIONALUM
32680000
19.58
61.70
-3.73
In options front, they bought of Rs. 2440 crores with
UJJIVAN
4352000
12.63
277.20
8.01
marginal fall in open interest. As far as Nifty options
BEML
1776000
12.43
913.35
7.53
activities are considered, we saw some fresh build-up in
BALKRISIND
3027200
11.46
942.10
0.80
11000 and 11200 call options; followed by unwinding in
APOLLOTYRE
10701000
11.33
239.55
0.00
10900 and
11100 strike. Meanwhile, put writer
ALBK
21935000
11.31
46.50
-4.12
continued adding decent positions in
10850-10900
TORNTPHARM
380000
9.51
1806.25
0.67
strikes. Now, Maximum open interest for December
RAMCOCEM
664800
9.49
656.15
-1.18
series now stands at 11000 call and 10000 put options.
Yesterday we began the session with a downward gap.
However, we didn’t see any follow-up selling thereafter,
OI Losers
in fact index recovered completely and eventually
OI
PRICE
concluded with marginal cut. In index futures segment,
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
saw addition of some fresh longs in Nifty and BankNifty.
OIL
10146015
-14.22
179.05
-0.06
Put writer of Nifty also continued adding fresh position in
CANBK
11884000
-8.05
268.45
-2.32
yesterday’s session. Now, looking at the overall F&O
ONGC
66596250
-7.97
148.60
-0.13
activity for past couple sessions, we expect Nifty to rally
NTPC
56120000
-7.73
149.30
-0.10
beyond this psychological mark of 11000. Thus, we
VOLTAS
7195000
-6.72
576.85
0.80
maintain our optimistic stands on the market and would
CUMMINSIND
1963500
-6.19
829.85
1.32
advise traders use declines to add on fresh longs
INDIACEM
17245000
-5.72
97.35
-0.46
MUTHOOTFIN
3474000
-4.97
499.50
-0.57
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
UJJIVAN
77.35
NIFTY
1.66
1.04
BEML
67.88
BANKNIFTY
1.27
0.81
IDFC
48.46
RELIANCE
0.57
0.63
CESC
31.99
ICICIBANK
0.66
0.69
MRPL
42.81
INFY
0.60
0.39
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Technical & Derivatives Report
December 21, 2018
FII Statistics for December 20, 2018
Turnover on December 20, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3555.56
3255.30
300.26
399022
31083.89
1.02
290177
19932.85
30.22
FUTURES
FUTURES
INDEX
INDEX
150964.18
148524.47
2439.70
880913
66597.70
(0.47)
29652442
1682764.39
139.25
OPTIONS
OPTIONS
STOCK
19954.17
20506.24
(552.07)
1464669
87446.90
(0.56)
STOCK
FUTURES
1149636
66777.95
12.93
FUTURES
STOCK
STOCK
8691.44
8573.09
118.35
164190
9313.89
2.37
883159
53000.33
-6.88
OPTIONS
OPTIONS
Total
183165.34
180859.10
2306.24
2908794
194442.37
(0.16)
TOTAL
74455
700968
118.34
Nifty Spot = 10951.70
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
64.40
Buy
10900
84.15
36.65
63.35
11036.65
37.70
62.30
10862.30
Sell
11100
27.75
Sell
10800
46.45
Buy
11000
64.40
Buy
10900
84.15
54.65
145.35
11054.65
59.00
-159.00
10841.00
Sell
11200
9.75
Sell
11000
25.15
Buy
11100
27.75
Buy
10800
46.45
18.00
82.00
11118.00
21.30
-221.30
10778.70
Sell
11200
9.75
Sell
11000
25.15
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, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
366
370
374
378
382
ASIANPAINT
1,373
1,399
1,415
1,442
1,458
AXISBANK
618
626
636
644
654
BAJAJ-AUTO
2,805
2,846
2,873
2,914
2,941
BAJFINANCE
2,499
2,545
2,578
2,624
2,656
BAJAJFINSV
6,257
6,331
6,376
6,450
6,495
BPCL
351
361
366
377
382
BHARTIARTL
310
313
317
321
325
INFRATEL
255
259
261
265
267
CIPLA
510
515
521
526
531
COALINDIA
245
248
251
254
258
DRREDDY
2,576
2,602
2,618
2,644
2,660
EICHERMOT
23,512
23,802
23,990
24,280
24,468
GAIL
348
351
354
357
361
GRASIM
807
818
837
848
867
HCLTECH
941
950
957
967
974
HDFCBANK
2,089
2,113
2,127
2,151
2,165
HDFC
1,928
1,951
1,967
1,990
2,006
HEROMOTOCO
3,225
3,293
3,337
3,405
3,448
HINDALCO
218
221
223
226
228
HINDPETRO
228
236
241
249
254
HINDUNILVR
1,803
1,819
1,837
1,852
1,871
IBULHSGFIN
803
825
850
871
896
ICICIBANK
359
360
363
365
367
IOC
144
146
147
149
150
INDUSINDBK
1,581
1,597
1,609
1,625
1,638
INFY
650
658
665
674
680
ITC
279
281
283
284
286
JSW STEEL
304
306
309
311
313
KOTAKBANK
1,207
1,221
1,230
1,245
1,254
LT
1,413
1,432
1,442
1,461
1,472
M&M
772
784
790
802
809
MARUTI
7,675
7,741
7,830
7,896
7,985
NTPC
145
147
149
151
152
ONGC
146
147
149
150
152
POWERGRID
193
196
197
200
201
RELIANCE
1,109
1,119
1,126
1,135
1,142
SBIN
288
291
296
299
305
SUNPHARMA
418
423
427
433
437
TCS
1,929
1,942
1,958
1,971
1,987
TATAMOTORS
170
173
175
179
181
TATASTEEL
516
520
523
527
530
TECHM
694
701
709
716
724
TITAN
917
922
927
932
938
ULTRACEMCO
3,929
3,984
4,059
4,115
4,190
UPL
736
753
764
781
791
VEDANTA
200
201
203
205
207
WIPRO
328
330
335
338
343
YESBANK
175
181
184
190
194
ZEEL
450
456
463
469
476
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Technical & Derivatives Report
December 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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