Technical & Derivatives Report
November 22, 2018
Sensex (35200) / Nifty (10600)
Exhibit 1: Nifty Daily Chart
Yesterday morning, the massacre in the global equities hinted for
a gap down opening in our markets, however, the positive aspect
of falling crude prices restricted to a flat opening. The index then
witnessed an open high kind of scenario and immediately slipped
lower to mark intraday low of 10562. Subsequently, the second
half was slightly encouraging as the Asian cues recovered from
lows our markets too witnessed cushion at the lower level to erase
some loss from intraday lows and eventually ended tad at 10600
levels with a loss of around half a percent.
In our previous article, we had mentioned that Index is in a no
trading zone of 10600-10800 levels and yesterday after the
choppy moves; we did manage to hold on to the support zone on
the closing basis. Yesterday, even though there was a weakness
in the Index there was a good stock specific action seen as the
breadth in the broader market was positive (A=1007/D=803). In
addition, the Bank Nifty outperformed as it closed above its
previous session high. For the coming session, if the Bank Index
continues to perform and if the Index manages to hold to its
support zone in range 10600-10560 then there are high chances
of Index retesting 10700-10740 levels. Traders are advised to
keep a watch on the mentioned levels and have a stock specific
approach which can give outperforming opportunities on both
the sides of the trend.
Key Levels
Support 1 - 10560
Resistance 1 -
10670
Support 2 - 10500
Resistance 2 -
10700
Nifty Bank Outlook - (26262)
Exhibit 2: Nifty Bank Daily Chart
Inspite of the negative global cues, the Nifty Bank index opened
on a flat note in yesterday’s session. Although the broader
markets were under pressure in the initial couple of hours, the
Banking index showed a relative outperformance. In the later half
of the day, the index move higher and rallied to end the day with
gains of about 150 points.
In last four sessions, the index has traded in the range of 26040-
26380. The lower end of the range, which coincides with the
‘200DMA’ and ‘89EMA’ has become a short-term support. A
move beyond this mentioned range should now lead to the
momentum in the direction of breakout. Thus, traders with
existing long positions can place a stop below 26040 support.
Key Levels
Support 1 - 26040
Resistance 1 -
26380
Support 2 - 26000
Resistance 2 -
26500
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Technical & Derivatives Report
November 22, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.01%.
Bank Nifty futures open interest has increased by 7.08%
as market closed at 10600.05 levels.
The Nifty November future closed with a premium of
21.55 points against a premium of 15.75 points in last
trading session. The December series closed at a
premium of 60.60 points.
The INDIA VIX has increased from 19.33 to 19.55.
At the same time, the PCR-OI of Nifty has decreased
from 1.61 to 1.55.
Few of the liquid counters where we have seen high cost
of carry are PCJEWELLER, SUZLON, IFCI, JPASSOCIAT
and RAMCOCEM.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of 1652 crores. In index futures segment, they sold of
CHG. (%)
CHG. (%)
Rs. 705 crores in index futures with rise in open interest,
DALMIABHA
619800
22.47
2358.70
3.78
indicating fresh short formation in yesterday’s session.
MRF
28190
17.36
67324.20
2.29
In options front, they bought of Rs. 2784 crores with
APOLLOTYRE
11553000
13.87
225.45
0.24
some fall in open interest. As far as Nifty options
BPCL
13420800
13.66
326.60
1.38
activities are considered, we saw fresh build-up in
JPASSOCIAT
132839000
11.14
7.15
7.46
10600-10750 call strikes. On the flip side, decent
TATASTEEL
39183791
10.79
551.40
-1.98
unwinding took place in OTM strikes 10200-10500 put
RAMCOCEM
793600
10.59
627.85
0.40
options. Now, maximum open interest for November
IOC
38720500
10.57
141.60
1.72
series stands at 11000 followed by 10800 call and
10500 followed by 10000 put options.
We had a positive start yesterday; however, once again
OI Losers
we witnessed extension of Tuesday’s fall to bring index
OI
PRICE
SCRIP
OI
PRICE
below 10600 mark. In index futures front, we hardly saw
CHG. (%)
CHG. (%)
REPCOHOME
718200
-8.90
401.70
1.73
any relevant open interest activity in Nifty Futures;
HCC
18016574
-8.55
12.00
-4.38
however, some short formation was seen in BankNifty. In
EXIDEIND
7564000
-8.36
250.75
4.74
Nifty options, decent writing was seen in 10600-10900
PCJEWELLER
10265500
-6.71
78.35
3.87
call options. At present, maximum OI concentration has
shifted to 10500 put which hint around this is the
ARVIND
8006000
-6.21
319.05
0.13
immediate support zone. In last two sessions fall, Nifty
SRF
567500
-5.73
2114.95
1.48
futures premiums have also been rising consistently.
MUTHOOTFIN
1909500
-5.35
452.80
0.01
Thus, traders are advised using these declines to add-on
NATIONALUM
30448000
-5.06
66.90
1.68
fresh longs.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
DRREDDY
47.36
NIFTY
1.55
0.95
EXIDEIND
40.53
BANKNIFTY
1.19
0.94
POWERGRID
28.51
RELIANCE
0.54
0.71
FEDERALBNK
44.18
ICICIBANK
0.71
0.57
TCS
36.24
INFY
0.60
0.56
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Technical & Derivatives Report
November 22, 2018
FII Statistics for November 21, 2018
Turnover on November 21, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3047.55
3752.67
(705.12)
457189
34619.01
1.09
346549
22874.76
24.37
FUTURES
FUTURES
INDEX
INDEX
102138.96
99355.24
2783.71
1068537
77695.90
(0.38)
13980702
806203.49
47.69
OPTIONS
OPTIONS
STOCK
11746.68
11857.72
(111.04)
1439971
83941.41
0.64
STOCK
FUTURES
904442
51764.64
8.69
FUTURES
STOCK
STOCK
8761.81
8617.80
144.01
177219
10523.78
3.34
869738
51762.24
9.35
OPTIONS
OPTIONS
Total
125695.01
123583.44
2111.57
3142916
206780.09
0.50
TOTAL
74455
700968
41.47
Nifty Spot = 10600.05
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10600
103.75
Buy
10600
81.15
48.45
51.55
10648.45
32.75
67.25
10567.25
Sell
10700
55.30
Sell
10500
48.40
Buy
10600
103.75
Buy
10600
81.15
78.30
121.70
10678.30
52.30
147.70
10547.70
Sell
10800
25.45
Sell
10400
28.85
Buy
10700
55.30
Buy
10500
48.40
29.85
70.15
10729.85
19.55
80.45
10480.45
Sell
10800
25.45
Sell
10400
28.85
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, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
349
355
359
365
369
ASIANPAINT
1,298
1,311
1,327
1,340
1,356
AXISBANK
603
615
622
634
640
BAJAJ-AUTO
2,541
2,573
2,623
2,655
2,705
BAJFINANCE
2,336
2,383
2,409
2,456
2,482
BAJAJFINSV
5,622
5,737
5,805
5,920
5,987
BPCL
314
320
332
338
349
BHARTIARTL
325
329
334
338
343
INFRATEL
255
257
259
261
263
CIPLA
517
520
524
526
531
COALINDIA
259
260
261
263
264
DRREDDY
2,533
2,568
2,611
2,645
2,689
EICHERMOT
23,152
23,684
24,492
25,024
25,832
GAIL
337
341
344
348
351
GRASIM
830
847
858
874
885
HCLTECH
958
972
993
1,006
1,027
HDFCBANK
1,996
2,007
2,016
2,027
2,036
HDFC
1,847
1,858
1,874
1,885
1,902
HEROMOTOCO
2,853
2,882
2,922
2,952
2,991
HINDALCO
214
219
222
226
230
HINDPETRO
234
240
251
257
268
HINDUNILVR
1,664
1,677
1,692
1,704
1,719
IBULHSGFIN
677
691
708
722
739
ICICIBANK
349
353
357
360
364
IOC
136
139
144
146
151
INDUSINDBK
1,521
1,534
1,551
1,564
1,582
INFY
596
607
624
635
652
ITC
277
280
282
284
287
JSW STEEL
319
323
326
329
333
KOTAKBANK
1,162
1,169
1,177
1,185
1,192
LT
1,383
1,392
1,403
1,413
1,424
M&M
751
760
774
783
797
MARUTI
7,273
7,349
7,407
7,483
7,542
NTPC
146
147
148
149
151
ONGC
149
150
153
154
157
POWERGRID
177
180
184
186
190
RELIANCE
1,083
1,098
1,122
1,137
1,160
SBIN
280
284
287
290
293
SUNPHARMA
521
527
532
538
542
TCS
1,755
1,783
1,827
1,856
1,900
TATAMOTORS
182
183
185
186
188
TATASTEEL
542
547
554
559
566
TECHM
669
680
695
706
720
TITAN
902
914
922
934
942
ULTRACEMCO
3,895
3,969
4,012
4,086
4,129
UPL
750
765
775
789
799
VEDANTA
199
200
202
204
206
WIPRO
309
312
316
318
323
YESBANK
192
195
198
201
204
ZEEL
427
433
442
448
457
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Technical & Derivatives Report
November 22, 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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