Technical & Derivatives Report
November 22, 2017
Sensex (33478) / Nifty (10327)
Exhibit 1: Nifty Daily Chart
For the second consecutive session, our markets consolidated
in a slender range and somehow managed to reclaim the
10300 mark on a closing basis. The stock centric action
continues but unlike previous session, we saw some individual
counters that were experiencing massive selling pressure and
have plunged significantly during the course of the day.
As far Nifty is concerned, we continue to see 10344 - 10368
as a sturdy wall and unless it’s crossed convincingly, the
market is likely to see some corrective move in between. On
the flipside, 10250 remains to be a key support and a breach
of this support would resume a corrective move to test sub-
10200 levels. Traders are advised to focus on some midcap
pockets 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 - (25757)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued to consolidate in a range and
ended the session almost near its previous day's close.
Post the gap up opening on last Friday, we have neither seen
a follow up buying momentum in the Nifty Bank index, nor
there has been any corrective move. This is usually seen
during a time-corrective phase wherein the index trades in a
narrow range. As per the gap theory, the recent gap area of
25680-25495 is a support range for the Nifty Bank index. As
far as the consolidation continues, traders are advised to focus
on stock specific moves and trade with a proper risk
management. The intraday resistance in the index is seen in
the range of 25900-26000.
Key Levels
Support 1 - 25680
Resistance 1 - 25900
Support 2 - 25495
Resistance 2 - 26000
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Technical & Derivatives Report
November 22, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 2.31%
BankNifty futures open interest has increased by 0.53%
as market closed at 10326.90 levels.
The Nifty November future closed with a premium of 25
points against a premium of 21.30 points in last trading
session. The December series closed at a premium of
60.25 points.
The INDIA VIX has increased from 13.43 to 13.71. At the
same time, the PCR-OI of Nifty has increased from 1.23
to 1.30 level.
Few of the liquid counters where we have seen high cost
of
carry are RCOM, INFIBEAM, INDIACEM,
GODFRYPHLP and SYNDIBANK.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
of Rs. 727 crores. While, they were buyers in index
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
futures of Rs. 879 crores with fall in open interest,
KAJARIACER
1929600
63.41
722.60
0.99
suggesting short covering took place in previous trading
L&TFH
54918000
56.18
179.30
-4.86
session.
SHREECEM
49500
18.99
17060.85
-2.64
In index options front, they sold worth Rs. 266 crores with
NTPC
35448000
15.09
182.80
1.36
rise in open interest. In call options, we hardly saw any
VGUARD
3696000
12.20
232.80
2.35
strike adding fresh positions; however, good amount of
JISLJALEQS
55773000
11.86
114.85
4.27
unwinding was witnessed in 10200-10700 strikes. On
POWERGRID
27092000
10.08
206.85
-0.93
the other side, decent amount of open interest addition
WOCKPHARMA
3788300
9.96
743.35
3.33
was visible in 10300 and 10350 put options; followed by
unwinding in 10150 and 10200 strikes. At present,
OI Losers
highest open interest still remains intact at 10500 call
OI
PRICE
and of put options has shifted higher to 10300 strike.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Since past three trading sessions, FIIs have been forming
JETAIRWAYS
5839200
-16.13
662.55
-8.16
some long positions and covering their shorts in index
JUSTDIAL
3313400
-11.05
538.20
-2.84
futures; however, they continue adding shorts in stock
HEROMOTOCO
1549800
-7.38
3680.75
0.37
futures segment. Looking at the options data, we believe
UBL
1998500
-6.85
1070.30
-0.96
10250-10300 is an immediate support for index now.
RAMCOCEM
610400
-6.61
711.60
1.40
However, we would suggest traders to remain light in
AJANTPHARM
1091900
-6.15
1346.80
0.37
index and prefer stock centric approach to fetch higher
HDIL
34141000
-6.14
62.70
-2.79
returns.
ICIL
11518500
-5.78
123.45
-3.93
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
DRREDDY
37.04
NIFTY
1.30
1.01
APOLLOHOSP
34.96
BANKNIFTY
1.08
1.01
APOLLOTYRE
36.82
SBIN
0.75
0.59
JETAIRWAYS
70.55
YESBANK
0.34
0.31
L&TFH
43.51
TATAMOTORS
0.34
0.36
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Technical & Derivatives Report
November 22, 2017
FII Statistics for November 21, 2017
Turnover on November 21, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2264.83
1386.33
878.50
334977
26969.56
(1.82)
152310
13216.98
40.13
FUTURES
FUTURES
INDEX
INDEX
44857.48
45123.83
(266.36)
1207482
97181.38
4.97
4254996
391568.53
38.10
OPTIONS
OPTIONS
STOCK
7913.58
9347.89
(1434.32)
1032439
71939.51
1.78
STOCK
FUTURES
727002
52199.21
20.79
FUTURES
STOCK
STOCK
6126.10
6114.18
11.92
130438
9280.68
1.96
511341
38606.32
16.54
OPTIONS
OPTIONS
Total
61161.98
61972.24
(810.25)
2705336
205371.13
2.72
TOTAL
5645649
495591.03
34.19
Nifty Spot = 10326.90
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10400
51.20
Buy
10300
49.40
28.60
71.40
10428.60
24.40
75.60
10275.60
Sell
10500
22.60
Sell
10200
25.00
Buy
10400
51.20
Buy
10300
49.40
42.55
157.45
10442.55
36.75
163.25
10263.25
Sell
10600
8.65
Sell
10100
12.65
Buy
10500
22.60
Buy
10200
25.00
13.95
86.05
10513.95
12.35
87.65
10187.65
Sell
10600
8.65
Sell
10100
12.65
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 22, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
395
398
402
405
409
AMBUJACEM
257
259
263
266
270
ASIANPAINT
1,145
1,153
1,164
1,172
1,183
AUROPHARMA
698
703
710
715
722
AXISBANK
535
541
545
551
555
BAJAJ-AUTO
3,230
3,265
3,286
3,321
3,342
BAJFINANCE
1,776
1,793
1,808
1,825
1,839
BPCL
493
502
508
518
524
BHARTIARTL
488
495
502
510
517
INFRATEL
378
381
384
387
390
BOSCHLTD
18,931
19,084
19,311
19,464
19,691
CIPLA
599
607
616
624
633
COALINDIA
267
271
276
280
285
DRREDDY
2,169
2,282
2,388
2,500
2,607
EICHERMOT
29,879
30,150
30,472
30,743
31,066
GAIL
454
457
461
464
469
HCLTECH
829
833
840
844
851
HDFCBANK
1,830
1,838
1,844
1,852
1,858
HDFC
1,677
1,686
1,696
1,705
1,715
HEROMOTOCO
3,652
3,666
3,678
3,691
3,704
HINDALCO
256
259
262
265
268
HINDPETRO
412
416
419
422
426
HINDUNILVR
1,265
1,271
1,278
1,284
1,291
IBULHSGFIN
1,148
1,163
1,186
1,200
1,223
ICICIBANK
315
318
320
322
325
IOC
388
392
395
399
402
INDUSINDBK
1,630
1,639
1,652
1,661
1,674
INFY
954
960
966
972
977
ITC
253
254
257
258
261
KOTAKBANK
1,013
1,021
1,036
1,044
1,058
LT
1,200
1,211
1,223
1,235
1,247
LUPIN
818
828
839
848
859
M&M
1,402
1,409
1,415
1,423
1,429
MARUTI
8,377
8,401
8,425
8,449
8,474
NTPC
178
180
183
186
188
ONGC
177
179
180
183
184
POWERGRID
204
205
207
208
210
RELIANCE
918
925
933
940
947
SBIN
327
329
332
334
337
SUNPHARMA
504
521
531
548
558
TCS
2,645
2,659
2,680
2,694
2,715
TATAMOTORS
418
421
426
429
433
TATASTEEL
694
703
711
719
727
TECHM
470
482
490
502
510
ULTRACEMCO
4,085
4,124
4,167
4,207
4,250
UPL
722
738
747
764
773
VEDANTA
307
310
314
317
321
WIPRO
290
292
295
297
300
YESBANK
306
309
314
317
321
ZEEL
526
533
540
547
554
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Technical & Derivatives Report
November 22, 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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