Technical & Derivatives Report
October 24, 2017
Exhibit 1: Nifty Daily Chart
Sensex (32507) / Nifty (10185)
After four days of holiday, our markets kick-started the week
with a gap up opening and reclaimed the 10200 mark in the
initial trade; recovering all losses from Muhurat trading day.
However, once again a bout of profit booking at higher levels
dragged the index lower to retest previous day’s low of
10123.55. Eventually, the Nifty managed to end on a positive
note; courtesy to smart buying in the latter half of the day.
Post the festival week, it seems that markets are still in a
holiday mood and hence, we witnessed a bit of lackluster
movement throughout the day. At least for the current expiry,
we expect the index to gyrate within the range of 10250 -
10100 and any sustainable move in either direction would
trigger some momentum. Having said that the kind of stock
specific movement we saw yesterday is quite encouraging.
Hence, one has to keep focusing on individual stocks that are
offering better trading opportunities.
Key Levels
Support 1 - 10100
Resistance 1 - 10220
Support 2 - 10030
Resistance 2 - 10250
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (24089)
Amidst a stock specific momentum, the Nifty Bank index
ended yesterday's session with minor gains of 0.33 percent
and has formed a 'Doji' candlestick pattern on the daily chart.
The positional charts of the Nifty bank index indicate that the
index has been witnessing a consolidation phase since last few
weeks. This consolidation seems to be a time-wise correction,
wherein there is stock specific momentum seen within the
sector. In last few sessions, the index has seen an
underperformance as the index has corrected post the results
of Axis Bank last week. The index has formed a 'Doji'
candlestick pattern in yesterday's trading session around its '89
DEMA'. Till the consolidation continues, traders are advised to
focus on stock specific moves and trade with proper risk
management. The intraday support for the Nifty Bank index is
placed in the range of 23900-23850 whereas resistances are
seen in the range of 24270 - 24330.
Key Levels
Support 1 - 23900
Resistance 1 - 24270
Support 2 - 23850
Resistance 2 - 24330
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October 24, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.15%
BankNifty futures open interest has decreased by 4.45%
as market closed at 10184.85 levels.
The Nifty October future closed with a premium of 4.85
points against a premium of 26.65 points in last trading
session. The November series closed at a premium of
39.40 points.
The Implied Volatility of at the money options has
increased from 9.61 to 12.80. At the same time, the
PCR-OI of Nifty has decreased from 1.62 to 1.53 level.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, JPASSOCIAT, DALMIABHA,
CHOLAFIN and NIITTECH.
Views
OI Gainers
FIIs activity in cash market segment remained subdued.
OI
PRICE
SCRIP
OI
PRICE
In index futures, they sold to the tune of Rs.657 crores
CHG. (%)
CHG. (%)
with some rise in open interest, indicating blend of long
PFC
53286000
17.89
132.85
1.84
unwinding and fresh short formation in yesterday’s
CEATLTD
1815800
13.82
1688.15
-1.78
session trading session.
VGUARD
2334000
12.43
195.30
2.87
In Nifty options front, they were marginal buyers with rise
HAVELLS
4980000
12.26
541.95
-1.17
in open interest. In call options, we witnessed fresh build-
RCOM
125104000
12.18
17.75
7.58
up in 10150 and 10250 strikes; while, some unwinding
IBULHSGFIN
6656000
11.62
1341.80
-0.76
was seen in 10100, 10200 and 10300 call options. On
SAIL
73536000
11.28
59.40
0.85
the flip side, 10100 put options added huge positions,
ONGC
51881250
10.42
172.25
0.03
followed by some unwinding in 10100, 10200-10300
strikes. However, maximum open interest concentration
OI Losers
remains intact in 10200 call and 10000 put options.
OI
PRICE
SCRIP
OI
PRICE
The benchmark index continued its upmove and also
CHG. (%)
CHG. (%)
added some fresh long positions. After quite some time,
HDIL
36400000
-8.65
54.40
0.28
FIIs unwounded some of their longs and added fresh
NIITTECH
946500
-8.42
615.05
0.29
shorts in index futures. However, until we don’t see any
RELCAPITAL
11976000
-7.95
566.80
2.91
relevant follow-up profit booking or short formations,
JUSTDIAL
4616400
-6.38
412.65
-0.69
traders are suggested to avoid shorting index and prefer
HEXAWARE
2226000
-6.08
284.15
0.71
stock specific approach to fetch higher returns.
MUTHOOTFIN
2268000
-5.62
498.55
0.67
BERGEPAINT
1438800
-5.35
264.75
2.22
AMARAJABAT
2698800
-5.27
691.85
1.15
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SHREECEM
34.70
NIFTY
1.53
1.12
GMRINFRA
60.57
BANKNIFTY
0.97
0.78
GRASIM
29.94
RELIANCE
0.91
0.51
TORNTPOWER
53.19
AXISBANK
0.28
0.40
ULTRACEMCO
31.44
INFY
0.65
0.56
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Technical & Derivatives Report
October 24, 2017
FII Statistics for October 23, 2017
Turnover on October 23, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
5222.43
5879.71
(657.28)
354125
27509.03
0.62
299081
24646.03
54.04
FUTURES
FUTURES
INDEX
INDEX
62392.33
62370.70
21.63
1159156
91563.80
2.22
6515344
548153.23
-44.29
OPTIONS
OPTIONS
STOCK
16153.46
16042.78
110.67
900767
63965.22
0.22
STOCK
FUTURES
1039078
77490.99
37.63
FUTURES
STOCK
STOCK
8518.90
8543.29
(24.40)
96894
7408.64
3.11
612659
49451.72
2.51
OPTIONS
OPTIONS
Total
92287.11
92836.48
(549.37)
2510942
190446.69
1.30
TOTAL
8466162
699741.97
-36.65
Nifty Spot = 10184.85
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10200
40.45
Buy
10200
51.75
30.75
69.25
10230.75
29.25
70.75
10170.75
Sell
10300
9.70
Sell
10100
22.50
Buy
10200
40.45
Buy
10200
51.75
38.25
161.75
10238.25
41.10
158.90
10158.90
Sell
10400
2.20
Sell
10000
10.65
Buy
10300
9.70
Buy
10100
22.50
7.50
92.50
10307.50
11.85
88.15
10088.15
Sell
10400
2.20
Sell
10000
10.65
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 24, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
394
400
407
413
420
AMBUJACEM
271
276
280
285
288
ASIANPAINT
1,142
1,158
1,175
1,191
1,208
AUROPHARMA
732
742
754
764
777
AXISBANK
439
445
453
458
466
BAJAJ-AUTO
3,131
3,174
3,202
3,245
3,273
BAJFINANCE
1,790
1,812
1,834
1,856
1,879
BPCL
502
506
513
518
525
BHARTIARTL
465
481
491
508
518
INFRATEL
431
440
454
463
478
BOSCHLTD
20,787
21,035
21,460
21,708
22,133
CIPLA
571
582
601
612
631
COALINDIA
284
287
289
292
294
DRREDDY
2,315
2,340
2,378
2,403
2,441
EICHERMOT
30,488
30,829
31,241
31,583
31,995
GAIL
428
431
437
440
446
HCLTECH
913
925
934
947
956
HDFCBANK
1,823
1,843
1,856
1,877
1,890
HDFC
1,690
1,706
1,729
1,745
1,768
HEROMOTOCO
3,748
3,770
3,792
3,814
3,836
HINDALCO
264
268
273
277
282
HINDPETRO
448
454
462
467
475
HINDUNILVR
1,216
1,233
1,255
1,272
1,294
IBULHSGFIN
1,297
1,318
1,346
1,366
1,394
ICICIBANK
253
258
261
266
269
IOC
396
400
408
412
419
INDUSINDBK
1,670
1,683
1,695
1,708
1,720
INFY
923
931
937
945
950
ITC
262
264
269
271
275
KOTAKBANK
1,043
1,052
1,067
1,077
1,092
LT
1,108
1,122
1,137
1,151
1,166
LUPIN
1,011
1,025
1,042
1,055
1,072
M&M
1,322
1,344
1,369
1,392
1,417
MARUTI
7,652
7,735
7,798
7,881
7,944
NTPC
172
174
176
179
180
ONGC
169
170
172
173
175
POWERGRID
210
212
213
215
216
RELIANCE
896
918
931
953
967
SBIN
240
243
245
248
250
SUNPHARMA
529
535
539
545
549
TCS
2,507
2,547
2,588
2,629
2,670
TATAMOTORS
415
419
425
429
435
TATASTEEL
702
707
711
716
719
TECHM
449
456
461
468
472
ULTRACEMCO
3,984
4,095
4,159
4,270
4,334
UPL
752
765
783
796
814
VEDANTA
324
327
329
332
335
WIPRO
290
294
296
299
301
YESBANK
343
348
356
362
370
ZEEL
477
484
493
500
508
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Technical & Derivatives Report
October 24, 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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