Technical & Derivatives Report
October 23, 2017
Exhibit 1: Nifty Daily Chart
Sensex (32390) / Nifty (10147)
A truncated one-hour Muhurat trading session on Thursday
ended on pessimistic note owing to negative global cues. The
index ended tad below 10150 mark with more than half a
percent loss.
For last few sessions, Index was struggling to carry the
momentum after hitting fresh new high which resulted in the
profit booking on Thursday. Technically speaking, if we closely
observe price movement since the beginning of August, the
index has done nothing. We have already witnessed a couple
of price shocks after hitting record highs on previous two
occasions and the index is more or less back to same levels.
There has been a series of divergences in weekly ‘RSI-
Smoothened’ and considering its historical performance; we
certainly do not want to neglect it. For this week, in case of an
extended move, we may see Nifty witnessing resistance
around 10250 - 10310 level. On the flipside, 10100 - 10030
would be seen as immediate support levels. Going ahead, we
continue to advise remaining light on positions and adopting
stock-centric approach with a proper exit strategy. This is
certainly not a kind of market where you should go long all
guns blazing.
Key Levels
Support 1 - 10100
Resistance 1 - 10220
Support 2 - 10030
Resistance 2 - 10250
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (24010)
Along with the broader markets, the Nifty Bank index too
traded with a negative bias on Thursday and ended the day
with a loss of 1.25 percent over its previous session's close.
The Nifty Bank Index continues to underperform as it failed to
cross previous high as compared to Nifty Index which marked
fresh highs in the week gone by. Going ahead, we sense the
underperformance to continue with next support levels placed
around 23950 and 23800 levels. On the flip side, the bearish
gap left on Thursday around 24450 - 24570 will now act as a
strong resistance zone.
Key Levels
Support 1 - 23950
Resistance 1 - 24450
Support 2 - 23800
Resistance 2 - 24570
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Technical & Derivatives Report
October 23, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.02%
BankNifty futures open interest has decreased by 5.72%
as market closed at 10210.85 levels.
The Nifty October future closed with a premium of 26.65
points against a premium of 19.25 points in last trading
session. The November series closed at a premium of
58.40 points.
The Implied Volatility of at the money options has
decreased from 10.24 to 9.61. At the same time, the
PCR-OI of Nifty has decreased from 1.66 to 1.62 level.
Few of the liquid counters where we have seen high cost
of carry are RCOM, NHPC, ADANIPOWER, MRPL and
JINDALSTEL.
Views
FIIs activity in cash market segment remained subdued.
OI Gainers
In index futures, they bought to the tune of Rs.968 crores
OI
PRICE
SCRIP
OI
PRICE
with some rise in open interest, indicating blend of short
CHG. (%)
CHG. (%)
covering and fresh long additions on Wednesday's
TORNTPHARM
559600
49.95
1392.35
4.32
trading session.
HAVELLS
4436000
18.23
547.45
-0.01
In Nifty options front, they were net buyers of Rs. 310
NIITTECH
1033500
17.78
615.60
-3.24
crores with fall in open interest. We witnessed fresh
MGL
819000
16.97
1203.95
3.05
build-up in 10200-10400 call options. One the flip side,
RELCAPITAL
13011000
14.39
560.65
-0.80
10000 put options added decent positions, followed by
JUSTDIAL
4930800
13.76
428.05
3.68
unwinding in 9900 strike. However, maximum open
AXISBANK
49597200
13.70
466.25
-9.25
interest concentration remains intact in 10200 call and
ZEEL
9731800
12.30
491.50
-1.00
10000 put options.
The benchmark index continue to rally and hits a new
OI Losers
record high along with some open interest additions,
OI
PRICE
suggesting continuation of long formation during
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
preceding week. FIIs too actively participated in recent
POWERGRID
20144000
-12.07
213.10
3.65
upmove by forming fresh long positions in index futures.
BEML
2329200
-7.83
1733.15
-2.87
At the same time, they formed fresh longs in call options
SHREECEM
37250
-5.93
18435.25
-1.45
along with writing in puts. Looking at the F&O activity in
ACC
1929200
-5.78
1789.65
-0.36
October series, we believe market may continue its
TATACHEM
6669000
-5.59
728.40
0.61
ongoing momentum unless we see relevant change in
PETRONET
11073000
-4.97
266.35
2.27
data.
OFSS
54450
-4.72
3587.10
0.70
DIVISLAB
5424800
-4.59
878.20
-0.84
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
AXISBANK
52.03
NIFTY
1.62
1.13
ICICIBANK
26.67
BANKNIFTY
0.72
0.65
POWERGRID
29.31
RELIANCE
0.81
0.46
RELIANCE
35.14
AXISBANK
0.32
0.56
IGL
41.41
INFY
0.64
0.68
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Technical & Derivatives Report
October 23, 2017
FII Statistics for October 18, 2017
Turnover on October 18, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2029.20
1061.49
967.71
351947
27684.59
0.77
184477
15999.33
34.64
FUTURES
FUTURES
INDEX
INDEX
55951.81
55641.46
310.35
1133938
89714.90
(0.85)
10522013
983955.19
81.16
OPTIONS
OPTIONS
STOCK
7854.83
8829.89
(975.06)
898814
64012.45
(0.93)
STOCK
FUTURES
731820
56304.72
18.96
FUTURES
STOCK
STOCK
8311.17
8320.30
(9.14)
93968
7185.03
3.29
606347
48241.19
26.04
OPTIONS
OPTIONS
Total
74147.00
73853.14
293.86
2478667
188596.97
(0.50)
TOTAL
12044657
1104500.42
72.41
Nifty Spot = 10147
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10200
75.25
Buy
10200
43.50
46.80
53.20
10246.80
20.40
79.60
10179.60
Sell
10300
28.45
Sell
10100
23.10
Buy
10200
75.25
Buy
10200
43.50
66.50
133.50
10266.50
28.70
171.30
10171.30
Sell
10400
8.75
Sell
10000
14.80
Buy
10300
28.45
Buy
10100
23.10
19.70
80.30
10319.70
8.30
91.70
10091.70
Sell
10400
8.75
Sell
10000
14.80
Note: Above mentioned Bullish or Bearish Spreads in Nifty (October Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
October 23, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
401
404
405
409
410
AMBUJACEM
273
275
279
281
285
ASIANPAINT
1,155
1,167
1,182
1,195
1,210
AUROPHARMA
745
750
759
765
774
AXISBANK
443
454
471
482
500
BAJAJ-AUTO
3,177
3,202
3,233
3,258
3,290
BAJFINANCE
1,832
1,850
1,867
1,885
1,902
BPCL
502
508
514
519
525
BHARTIARTL
451
457
463
468
474
INFRATEL
446
454
468
476
490
BOSCHLTD
21,380
21,556
21,876
22,052
22,372
CIPLA
595
603
617
625
639
COALINDIA
287
288
290
292
293
DRREDDY
2,360
2,373
2,388
2,401
2,416
EICHERMOT
31,087
31,304
31,567
31,784
32,047
GAIL
429
433
438
441
446
HCLTECH
911
917
924
931
937
HDFCBANK
1,825
1,847
1,861
1,883
1,897
HDFC
1,740
1,746
1,755
1,761
1,770
HEROMOTOCO
3,675
3,714
3,764
3,803
3,853
HINDALCO
270
273
276
278
281
HINDPETRO
455
459
465
469
474
HINDUNILVR
1,246
1,255
1,269
1,278
1,291
IBULHSGFIN
1,301
1,330
1,348
1,377
1,395
ICICIBANK
258
261
265
267
271
IOC
406
409
413
416
421
INDUSINDBK
1,695
1,702
1,711
1,718
1,727
INFY
919
922
926
929
933
ITC
266
268
269
272
273
KOTAKBANK
1,059
1,077
1,096
1,115
1,134
LT
1,127
1,134
1,145
1,153
1,164
LUPIN
1,033
1,041
1,055
1,063
1,077
M&M
1,354
1,362
1,370
1,379
1,387
MARUTI
7,677
7,730
7,802
7,855
7,927
NTPC
173
175
178
180
183
ONGC
169
172
173
176
178
POWERGRID
203
208
211
217
220
RELIANCE
860
887
902
930
945
SBIN
239
242
245
247
250
SUNPHARMA
532
536
543
547
553
TCS
2,560
2,573
2,593
2,607
2,627
TATAMOTORS
422
427
432
438
443
TATASTEEL
701
705
712
716
722
TECHM
448
453
463
468
478
ULTRACEMCO
3,973
4,033
4,111
4,170
4,248
UPL
772
781
796
804
819
VEDANTA
326
329
332
335
338
WIPRO
285
290
294
299
304
YESBANK
354
358
363
367
372
ZEEL
471
481
487
497
503
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Technical & Derivatives Report
October 23, 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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