www.angelbroking.com
Technical & Derivatives Report
November 22, 2019
www.angelbroking.com
Sensex (
40575
(1
1968
)
Similar to previous session, Nifty opened higher despite SGX Nifty
indicating a sluggish start. And the lead did not last too long or
we can say it was merely a formality as index immediately dipped
towards 12000 mark. For the major part of the day, index
consolidated in a slender range before it again slipped further
towards the fag end of the day. Eventually, the Nifty concluded
the weekly expiry with a cut of nearly three tenths of a percent.
Market once again looks a bit tentative before heading towards
the all-time high. With such small jerks our positional bias does
not change at all. We still reiterate that it’s a matter of time, we
would see index marching beyond the crucial resistance zone of
12050 12100. It may probably be waiting for some trigger to
turn this into a reality. Thus, traders are advised to stay long or
look for opportunities to go long in the market. On the downside,
the immediate support is now placed at 11960 – 11900.
Sector specific, Infrastructure related stocks did well but overall we
did see some broad based profit booking in the market. Hence
the Midcap index remained under pressure and shed more than
a percent. But not to worry, such in between hiccups are evident.
One should keep focusing on individual stocks that are poised for
decent moves.
Key Levels
Support 1 – 11960 Resistance 1 – 12050
Support 2 – 11900 Resistance 2 – 12103
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
31350
)
The Bank Index too started on a positive note however it traded in
a slender range throughout the session to end almost unchanged
with negligible loss tad at 31350 levels.
On the daily chart not much has changed and it was a breather
session for the bulls on the weekly option expiry day. Technically,
we maintain our positive bias and expect the bank index to head
towards 31600-31700 levels soon. On the flip side, support is
placed around 31115-30900 and dips towards the same can be
a buying opportunity. Traders are advised to have a stock specific
approach from the banking basket which are providing
outperforming opportunities.
Key Levels
Support 1 – 31115 Resistance 1 – 31600
Support 2 – 30900 Resistance 2 – 31700
Exhibit 2: Nifty Bank Daily Chart
www.angelbroking.com
Technical & Derivatives Report
November 22, 2019
www.angelbroking.com
Nifty Vs OI
Views
Once again, we had a positive start for the day but
index couldn’t sustain at higher levels and corrected
below 12000 mark in the early morning trade.
Thereafter, we witnessed some consolidation to
eventually conclude with a cut of 30 points.
FIIs were net buyers in the cash market segment to the
tune of Rs. 5024 cr (this figure is mainly due to the
block deal in Zee Ent). In index futures, they sold of
worth Rs. 162 crores with marginal change in open
interest, indicating formation some short positions
along with long unwinding in the previous trading
session.
As far as open interest activities in index futures is
concerned, we merely saw any relevant build-up in
both Nifty as well as BankNifty. However, good amount
of longs rolled over in November series are still intact
in the system. At present, 11900 put holds maximum
open interest concentration which may act as a base
for the benchmark; whereas, on the higher side
12000-12050 is an immediate hurdle. Considering the
overall positions, we maintain our optimistic stance on
the market and expect rally beyond the above
mentioned hurdle very soon.
Comments
The Nifty futures open interest has decreased by 0.59%
Bank Nifty futures open interest has increased 1.15% as
market closed at 11968.40 levels.
The Nifty November future closed with a premium of
6.15 points against a premium of 29.05 points in last
trading session. The December series closed at a
premium of 50.15 points.
The INDIA VIX has decreased from 15.41 to 14.97.
At the same time, the PCR-OI of Nifty has decreased
from 1.58 to 1.37.
Few of the liquid counters where we have seen high cost
of carry are HEXAWARE, SRF, NIITTECH, SHREECEM and
NCC.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
CASTROLIND 7788800 51.95 152.00 -0.39
ZEEL 43037500 14.08 345.15 11.00
DLF 35470500 9.18 216.85 2.07
SIEMENS 2732400 8.83 1543.15 -0.50
SUNTV 3490000 8.80 479.80 -3.25
CESC 1307200 7.93 739.25 -1.58
ADANIPORTS 21270000 7.45 372.15 1.35
IDEA 645414000 7.41 6.65 -6.38
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
CONCOR 8043198 -3.31 577.15 -0.47
PFC 29753800 -3.28 114.90 -2.87
MANAPPURAM 16110000 -3.17 161.85 -2.73
RAMCOCEM 984000 -3.00 791.35 -1.40
UJJIVAN 8486900 -2.87 291.20 -1.73
EXIDEIND 9956200 -2.77 187.75 -0.77
DRREDDY 3516250 -2.74 2879.25 1.18
HEROMOTOCO 3993600 -2.69 2443.40 -1.32
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.37 0.98
BANKNIFTY 1.34 0.75
RELIANCE 0.87 0.81
ICICIBANK 0.95 0.72
INFY 0.58 0.53
Historical Volatility
SCRIP HV
MOTHERSUMI 65.09
ZEEL 107.76
BPCL 55.16
BOSCHLTD 40.96
RECLTD 46.62
www.angelbroking.com
Technical & Derivatives Report
November 22, 2019
www.angelbroking.com
Note: Above mentioned Bullish or Bearish Spreads in Nifty (November Series) are given as an information and not as a recommendation.
Nif
ty Spot
=
119
68.40
Lot Size = 75
FII Statistics for
November
21
, 2019
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
3042.35 3204.57 (162.22) 223215 18558.27 0.13
INDEX
OPTIONS
354733.41 353375.05 1358.36
616667 52572.20 (12.02)
STOCK
FUTURES
12768.54 13973.40 (1204.86) 1604114 94492.95 1.54
STOCK
OPTIONS
5732.04 5733.25 (1.21) 96687 5558.27 (2.50)
Total 376276.34
376286.27
(9.93) 2540683
171181.69
(2.39)
Turnover on
November
21
, 2019
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
242981 17964.03 -12.80
INDEX
OPTIONS
32627547 2232282.92 96.47
STOCK
FUTURES
981706 53314.62 -6.79
STOCK
OPTIONS
981044 58253.77 -14.99
TOTAL 3,48,33,278
2361815.34 84.16
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 12000 69.30
38.05 61.95 12038.05
Sell 12100 31.25
Buy 12000 69.30
57.45 142.55 12057.45
Sell 12200 11.85
Buy 12100 31.25
19.40 80.60 12119.40
Sell 12200 11.85
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 11900 67.10
42.85 57.15 11957.15
Sell 11800 41.15
Buy 11900 67.10
66.70 133.30 11933.30
Sell 11700 24.75
Buy 11800 41.15
23.85 76.15 11876.15
Sell 11700 24.75
Nifty Put-Call Analysis
www.angelbroking.com
Technical & Derivatives Report
November 22, 2019
www.angelbroking.com
Da
ily
Pivot
Levels for Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 364 367
372 376 380
ASIANPAINT 1,698 1,709
1,722 1,733 1,746
AXISBANK 725 730
740 745 754
BAJAJ-AUTO 3,115 3,152
3,180 3,217 3,245
BAJFINANCE 4,084 4,104
4,132 4,152 4,180
BAJAJFINSV 8,981 9,014
9,066 9,099 9,151
BPCL 487 500
525 538 563
BHARTIARTL 410 418
430 438 451
INFRATEL 225 234
240 248 254
BRITANNIA 3,031 3,052
3,082 3,103 3,134
CIPLA 469 477
485 493 500
COALINDIA 191 194
199 202 207
DRREDDY 2,780 2,830
2,860 2,909 2,940
EICHERMOT 21,253 21,604
21,801 22,152 22,349
GAIL 120 121
123 124 126
GRASIM 762 771
784 792 805
HCLTECH 1,122 1,129
1,139 1,146 1,156
HDFCBANK 1,261 1,272
1,280 1,291 1,298
HDFC 2,174 2,192
2,204 2,222 2,234
HEROMOTOCO 2,397 2,420
2,460 2,483 2,523
HINDALCO 185 187
190 192 195
HINDUNILVR 1,999 2,024
2,042 2,067 2,085
ICICIBANK 485 492
498 504 510
IOC 126 128
130 131 133
INDUSINDBK 1,397 1,422
1,462 1,486 1,526
INFY 704 709
715 720 726
ITC 241 243
247 250 254
JSW STEEL 241 243
246 248 251
KOTAKBANK 1,578 1,587
1,596 1,604 1,613
LT 1,365 1,379
1,398 1,412 1,431
M&M 542 547
555 560 567
MARUTI 6,879 6,949
7,075 7,144 7,270
NESTLEIND 14,035 14,107
14,194 14,266 14,353
NTPC 113 114
116 117 118
ONGC 128 130
132 134 136
POWERGRID 193 194
196 197 199
RELIANCE 1,514 1,527
1,542 1,555 1,569
SBIN 324 328
330 334 337
SUNPHARMA 438 442
448 453 459
TCS 2,098 2,108
2,117 2,127 2,137
TATAMOTORS 159 162
166 169 173
TATASTEEL 373 379
389 395 405
TECHM 752 759
769 776 786
TITAN 1,128 1,137
1,154 1,163 1,180
ULTRACEMCO 4,033 4,049
4,079 4,095 4,125
UPL 530 536
548 554 566
VEDANTA 137 138
140 141 144
WIPRO 245 246
248 249 250
YESBANK 62 63
65 66 68
ZEEL 298 320
342 364 386
www.angelbroking.com
Technical & Derivatives Report
November 22, 2019
www.angelbroking.com
*
Research Team Tel: 022
-
39357800
Website:
www.angelbroking.com
For Technical Queries E-mail: technicalresearch[email protected]gelbroking.com
For Derivatives Queries E-mail: derivatives.des[email protected]elbroking.com
DISCLAIMER
Angel Broking Limited (hereinafter referred to as Angel”) is a registered Member of National Stock Exchange of India Limited, Bombay
Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL and
Portfolio Manager and Investment Adviser with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking
Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration
number INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for
accessing /dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed
public offering of securities of the company covered by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Limited has not independently verified all the information contained within this document. Accordingly, we cannot testify,
nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While
Angel Broking Limited endeavors to update on a reasonable basis the information discussed in this material, there may be regulatory,
compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in
connection with the use of this information.