Technical & Derivatives Report
September 25, 2018
Sensex (36305) / Nifty (10967)
Exhibit 1: Nifty Daily Chart
Although our markets witnessed a flat to positive start
yesterday, the rub-off effect from the last week dragged the
indices lower right from the word go. During the day, the
bears clearly had the upper hand as markets remained under
pressure and the Nifty ended below 11000 mark.
The Nifty index has fallen sharply from the start of September
month from the levels of 11751 and has now closed below
the 61.8% retracement levels of the recent rally (10557-
11760), indicating that the momentum is strongly gripped by
the bears. Having said that, the RSI oscillator is currently
placed at 31 and is entering the oversold zone. Historically,
since December 2016, the 30 levels on RSI have acted as
strong threshold levels. Hence, we may see some intermediate
bounce; however, traders are advised to trade cautiously as
such bounce are likely to be temporary. As we are in the
expiry week, we may see stock specific moves with higher
volatility and hence, traders can focus on the same with
proper exit setup. As far as levels are concerned immediate
support is placed around 10900-10860 whereas resistance is
placed around 11040-11080.
Key Levels
Support 1 - 10900
Resistance 1 -
11040
Support 2 - 10860
Resistance 2 -
11080
Nifty Bank Outlook - (24970)
Exhibit 2: Nifty Bank Daily Chart
Friday's sharp sell-off was followed by another day of carnage
in the banking and financial space. The Nifty Bank index
continued the down move throughout the session to end the
day by a loss of more than six hundred points. In the last
couple of sessions, the Nifty Bank index has lost more than
1200 points which is an impulsive down move. Hence, the
short-term trend continues to be negative and in line with our
previous reports, we continue with our advice for traders to
avoid any contra bets in the banking and financial space. The
momentum oscillator RSI is in oversold zone at the moment
which could bring some pullback. However, traders are still
advised to refrain from any bottom fishing as the volatility is
expected to remain on the high. The supports for the Nifty
Bank index are placed in the range of 24815-24615 whereas
resistances are seen around 25370 and 25600.
Key Levels
Support 1 - 24815
Resistance 1 -
25370
Support 2 - 24615
Resistance 2 -
25600
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Technical & Derivatives Report
September 25, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 3.10%
Bank Nifty futures open interest has decreased by 1.54%
as market closed at 10967.40 levels.
The Nifty September future closed with a premium of
30.55 points against a premium of 23.25 points in last
trading session. The October series closed at a premium
of 74.10 points.
The INDIA VIX has increased from 15.53 to 17.42. At the
same time, the PCR-OI of Nifty has decreased from 1.14
to 1.05.
Few of the liquid counters where we have seen high cost
of carry are INFIBEAM, VOLTAS, OFSS, SUZLON and
MINDTREE.
Views
FIIs were net buyers in cash market segment to the tune
of Rs. 524 crores. At the same time, they bought worth
OI Gainers
Rs. 522 crores in index futures with fall in open interest,
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
indicating short covering took place in yesterday’s
PIDILITIND
3913000
18.61
1092.95
-3.45
trading session
MUTHOOTFIN
3829500
18.14
431.55
-5.09
In options front, they bought worth Rs. 212 crores with
CUMMINSIND
1060500
16.63
691.80
1.02
good amount of rise in open interest. As far as Nifty
RBLBANK
5916000
12.84
531.35
-6.35
options activities are considered, we saw fresh build-up
TCS
9381000
11.00
2198.45
4.53
in 11000-11200 call options; followed by unwinding in
PVR
1088800
10.97
1287.35
-4.37
11400 and 11500 strikes. On the flip side, we saw good
BAJFINANCE
8455500
10.12
2260.80
-4.93
amount of OI addition in 10600-10900 put options.
Maximum open interest for September series is placed at
TVSMOTOR
8346000
9.70
574.35
-2.44
11500 followed by 11200 call and 11000 followed by
10800 put options.
OI Losers
Post Friday’s massive fall, once again we witnessed
OI
PRICE
follow-up selling in index to conclude the session tad
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
below
11000 mark. In options segment, we are
ANDHRABANK
10452000
-22.39
28.90
-2.03
witnessing massive writing in 11000 and 11100 call
DHFL
21271500
-16.09
393.90
12.00
options and at the same time OTM puts 10600-10800
IGL
4818000
-15.36
257.30
2.60
are also attracting traders’ attention. We believe decent
NBCC
21336000
-10.16
62.70
-2.86
amount of long have been lightened up now and few
RCOM
124544000
-9.08
12.25
-7.20
shorts have also been added. Hence, traders are advised
TORNTPOWER
2421000
-8.71
229.35
3.38
being light in index and prefer trading in individual
WOCKPHARMA
3483000
-8.60
548.90
-5.93
counters.
BATAINDIA
1676400
-8.41
970.15
-0.50
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HDFC
39.90
NIFTY
1.05
0.91
TCS
26.66
BANKNIFTY
0.53
0.66
M&M
41.81
RELIANCE
0.55
0.72
EICHERMOT
48.04
ICICIBANK
0.51
0.79
BHARATFIN
36.93
INFY
0.53
0.35
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Technical & Derivatives Report
September 25, 2018
FII Statistics for September 24, 2018
Turnover on September 24, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
8951.76
8429.27
522.49
321289
26751.83
(1.43)
434382
38850.18
-19.13
FUTURES
FUTURES
INDEX
INDEX
128720.61
128508.22
212.39
1053007
89521.90
8.18
9004728
833039.54
-21.41
OPTIONS
OPTIONS
STOCK
34108.10
35418.06
(1309.97)
1280716
90193.38
1.69
STOCK
FUTURES
1704908
111363.12
-9.27
FUTURES
STOCK
STOCK
8457.56
8459.14
(1.58)
142945
9715.68
(2.82)
887569
64383.44
-37.51
OPTIONS
OPTIONS
Total
180238.02
180814.69
(576.67)
2797957
216182.79
3.40
TOTAL
12031587
1047636.28
-21.46
Nifty Spot = 10967.40
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11000
78.30
Buy
11000
83.05
40.65
59.35
11040.65
33.90
66.10
10966.10
Sell
11100
37.65
Sell
10900
49.15
Buy
11000
78.30
Buy
11000
83.05
62.75
137.25
11062.75
53.80
146.20
10946.20
Sell
11200
15.55
Sell
10800
29.25
Buy
11100
37.65
Buy
10900
49.15
22.10
77.90
11122.10
19.90
80.10
10880.10
Sell
11200
15.55
Sell
10800
29.25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
September 25, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
323
334
350
362
378
ASIANPAINT
1,221
1,246
1,282
1,307
1,342
AXISBANK
579
588
597
606
615
BAJAJ-AUTO
2,711
2,735
2,774
2,799
2,838
BAJFINANCE
2,030
2,145
2,284
2,399
2,538
BAJAJFINSV
5,828
5,948
6,128
6,247
6,427
BPCL
354
361
372
379
390
BHARTIARTL
337
347
360
369
382
INFRATEL
267
273
278
284
289
CIPLA
624
635
652
663
680
COALINDIA
272
277
280
285
289
DRREDDY
2,490
2,522
2,561
2,594
2,633
EICHERMOT
24,033
24,943
26,521
27,431
29,010
GAIL
370
375
384
390
399
GRASIM
991
1,005
1,029
1,043
1,066
HCLTECH
1,069
1,083
1,094
1,108
1,120
HDFCBANK
1,880
1,903
1,938
1,960
1,995
HDFC
1,612
1,666
1,756
1,809
1,899
HEROMOTOCO
3,021
3,066
3,124
3,169
3,227
HINDALCO
232
236
241
245
249
HINDPETRO
234
241
253
260
272
HINDUNILVR
1,523
1,557
1,598
1,632
1,673
IBULHSGFIN
788
885
1,009
1,106
1,230
ICICIBANK
299
304
310
315
322
IOC
150
153
156
159
163
INDUSINDBK
1,587
1,631
1,702
1,746
1,818
INFY
695
707
718
730
742
ITC
285
292
299
305
313
KOTAKBANK
1,120
1,134
1,159
1,173
1,197
LT
1,283
1,301
1,320
1,337
1,356
LUPIN
820
841
872
892
923
M&M
840
868
913
941
986
MARUTI
7,339
7,566
7,818
8,045
8,297
NTPC
164
166
168
170
173
ONGC
176
178
182
184
188
POWERGRID
192
195
198
200
203
RELIANCE
1,190
1,211
1,225
1,246
1,261
SBIN
256
260
267
271
277
SUNPHARMA
601
612
628
639
655
TCS
2,057
2,128
2,169
2,240
2,281
TATAMOTORS
232
236
244
248
255
TATASTEEL
579
593
610
624
640
TECHM
725
738
751
764
777
TITAN
758
775
790
806
821
ULTRACEMCO
3,854
3,914
3,987
4,048
4,120
UPL
622
637
654
669
687
VEDANTA
223
226
232
236
241
WIPRO
326
329
334
337
341
YESBANK
205
216
227
237
248
ZEEL
433
441
448
456
463
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Technical & Derivatives Report
September 25, 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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