Technical & Derivatives Report
November 24, 2017
Sensex (33588) / Nifty (10349)
Exhibit 1: Nifty Daily Chart
Similar to previous sessions our markets witnessed a positive
opening however the momentum was seen missing at higher
levels and after witnessing choppy moves in a range Nifty
ended with negligible gains tad below 10350 mark.
For the last few sessions, Index has traded in a very narrow
range of 100 points indicating a consolidation phase. Due to
such lackluster moves, the chart structure remains more or less
unchanged. Going ahead, we continue to remain skeptical as
long as 10368 remain unbroken. On the flip side, last three
sessions low around 10300 will now act as immediate support
followed by strong support around 10250 mark. Having said
that the stock specific moves in midcap counters continue to
impress and hence, one needs to concentrate more on such
stocks that are likely to provide better trading opportunities.
Key Levels
Support 1 - 10300
Resistance 1 - 10368
Support 2 - 10250
Resistance 2 - 10400
Nifty Bank Outlook - (25736)
Exhibit 2: Nifty Bank Hourly Chart
The Nifty Bank index continued the consolidation phase and
ended another session with no meaningful movement in the
index.
If we observe the hourly charts, the 'Bollinger Bands' on the
prices have squeezed significantly which is due to fall in the
volatility in the index. Periods of low volatility are often
followed by a trended or higher volatility phase. Hence, a
volatility contraction, which we have been witnessing the Nifty
Bank index, can lead to a trended move in near term. As of
now, intraday traders should focus on stock specific movement
as the index is trading range bound. However, positional
traders should look for opportunities for a directional move
which could occur soon. The recent gap area of 25680-25495
is a support range for the Nifty Bank index whereas resistance
is seen around 25925. A breakout from either end of the
mentioned levels should then lead to a directional move.
Key Levels
Support 1 - 25680
Resistance 1 - 25925
Support 2 - 25495
Resistance 2 - 26000
www.angelbroking.com
Technical & Derivatives Report
November 24, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.13%
BankNifty futures open interest has increased by 2.47%
as market closed at 10348.75 levels.
The Nifty November future closed with a premium of
17.90 points against a premium of 15.65 points in last
trading session. The December series closed at a
premium of 51.80 points.
The INDIA VIX has decreased from 14.03 to 13.86. At
the same time, the PCR-OI of Nifty has increased from
1.32 to 1.35 level.
Few of the liquid counters where we have seen high cost
of carry are RCOM, FORTIS, RNAVAL, INDIANB and
DHFL.
Views
FIIs activity in cash market segment remained subdued.
While, they were buyers in index futures of Rs. 144 crores
OI Gainers
with marginal change in open interest, suggesting blend
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
of some long formation and short covering in previous
SRF
1134500
11.23
1868.80
4.53
trading session.
TATAGLOBAL
30415500
9.49
275.60
0.38
In index options front, they sold worth Rs. 505 crores with
BHEL
55230000
9.44
93.25
4.78
fall in open interest. In call options, we saw fresh open
MOTHERSUMI
15571600
7.26
344.15
-0.53
interest addition in 10350 strike; followed by some
ICICIPRULI
7946900
7.17
379.95
-3.94
unwinding in 10400 call option. On the flip side, deep
SYNDIBANK
22959000
7.05
91.50
4.10
out the money put options 9900-10000 added good
HEXAWARE
3237000
6.94
329.95
-0.89
amount of fresh positions; along with decent OI addition
in 10200-10300 strikes. The maximum concentration of
BEML
2597400
6.68
1704.90
4.64
open interest is placed at 10500 call and 10300 put
options.
OI Losers
The recent bounce in Nifty is mainly due to short
OI
PRICE
SCRIP
OI
PRICE
covering; FIIs too covered some of their existing shorts
CHG. (%)
CHG. (%)
CEATLTD
1622950
-8.01
1812.95
-1.36
and formed fresh long positions in index futures.
HDIL
30293000
-6.17
61.60
0.49
However, they have been selling in equities and stock
RCOM
97902000
-6.07
13.70
-3.18
futures segment. At present, the above data points is not
hinting any clear direction for index; but, looking at
PAGEIND
33350
-6.06
22329.70
-1.12
options activity it seems that index may consolidate in a
SUNTV
6565000
-5.61
880.90
0.32
range of
10300-10500 for the remaining part of
UBL
1892800
-5.55
1081.25
-2.76
November series. Hence, we would advise traders to
APOLLOTYRE
13542000
-5.45
252.85
1.96
prefer stock specific approach and remain light in index.
ENGINERSIN
17864000
-5.43
183.40
0.71
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JSWENERGY
44.78
NIFTY
1.35
1.03
ICICIPRULI
34.74
BANKNIFTY
0.84
0.73
BEML
40.46
SBIN
0.77
0.66
SRF
43.72
TATAMOTORS
0.34
0.30
BHEL
45.70
YESBANK
0.35
0.21
www.angelbroking.com
Technical & Derivatives Report
November 24, 2017
FII Statistics for November 23, 2017
Turnover on November 23, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1602.73
1458.93
143.80
334752
27122.56
0.11
185266
16116.97
22.74
FUTURES
FUTURES
INDEX
INDEX
67458.27
67963.37
(505.10)
1205506
96655.91
(1.87)
10623457
1032872.33
82.49
OPTIONS
OPTIONS
STOCK
7438.90
7338.24
100.67
1018524
70979.28
(1.43)
STOCK
FUTURES
693578
49123.25
2.00
FUTURES
STOCK
STOCK
6647.50
6626.56
20.94
132383
9463.20
0.59
486477
35923.92
-3.85
OPTIONS
OPTIONS
Total
83147.39
83387.09
(239.70)
2691165
204220.95
(1.34)
TOTAL
11988778
1134036.47
70.62
Nifty Spot = 10348.75
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10400
46.55
Buy
10300
37.05
28.80
71.20
10428.80
19.40
80.60
10280.60
Sell
10500
17.75
Sell
10200
17.65
Buy
10400
46.55
Buy
10300
37.05
41.20
158.80
10441.20
28.70
171.30
10271.30
Sell
10600
5.35
Sell
10100
8.35
Buy
10500
17.75
Buy
10200
17.65
12.40
87.60
10512.40
9.30
90.70
10190.70
Sell
10600
5.35
Sell
10100
8.35
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
www.angelbroking.com
Technical & Derivatives Report
November 24, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
396
401
408
414
421
AMBUJACEM
261
263
266
268
272
ASIANPAINT
1,144
1,152
1,165
1,173
1,186
AUROPHARMA
680
687
697
704
713
AXISBANK
530
537
543
549
555
BAJAJ-AUTO
3,202
3,233
3,281
3,313
3,361
BAJFINANCE
1,729
1,746
1,764
1,782
1,800
BPCL
495
500
506
512
518
BHARTIARTL
485
491
499
504
512
INFRATEL
365
370
378
383
391
BOSCHLTD
18,736
18,857
19,021
19,143
19,307
CIPLA
609
613
619
624
629
COALINDIA
266
268
271
273
276
DRREDDY
2,257
2,282
2,324
2,349
2,391
EICHERMOT
29,983
30,302
30,493
30,812
31,003
GAIL
451
457
464
470
478
HCLTECH
837
845
851
859
864
HDFCBANK
1,825
1,834
1,847
1,856
1,869
HDFC
1,688
1,697
1,709
1,717
1,729
HEROMOTOCO
3,621
3,649
3,674
3,702
3,727
HINDALCO
246
251
255
259
263
HINDPETRO
410
417
423
431
437
HINDUNILVR
1,255
1,261
1,269
1,275
1,283
IBULHSGFIN
1,139
1,149
1,168
1,178
1,197
ICICIBANK
313
316
318
322
324
IOC
389
392
395
398
402
INDUSINDBK
1,614
1,629
1,642
1,656
1,669
INFY
959
975
985
1,001
1,010
ITC
254
256
258
260
263
KOTAKBANK
1,008
1,015
1,023
1,030
1,039
LT
1,201
1,208
1,219
1,226
1,237
LUPIN
819
823
830
834
840
M&M
1,400
1,409
1,422
1,431
1,444
MARUTI
8,400
8,432
8,475
8,507
8,551
NTPC
177
179
181
182
184
ONGC
179
181
182
183
184
POWERGRID
205
207
208
210
212
RELIANCE
918
932
941
956
964
SBIN
329
332
334
337
339
SUNPHARMA
526
535
541
551
557
TCS
2,657
2,669
2,681
2,693
2,705
TATAMOTORS
418
422
427
431
435
TATASTEEL
703
708
712
717
721
TECHM
478
484
488
494
499
ULTRACEMCO
4,117
4,151
4,205
4,239
4,294
UPL
731
740
748
757
765
VEDANTA
298
303
308
314
318
WIPRO
292
293
294
295
296
YESBANK
303
308
312
317
321
ZEEL
552
559
563
570
574
www.angelbroking.com
Technical & Derivatives Report
November 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]
DISCLAIMER
Angel Broking Private 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
Private 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 c*ompany 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 Pvt. 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 Pvt. 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 Pvt. 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 Pvt. 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.
www.angelbroking.com