Technical & Derivatives Report
October 25, 2018
Sensex (34034) / Nifty (10225)
Exhibit 1: Nifty Daily Chart
Yesterday, once again we had a good bump up at the opening,
courtesy to smart recovery in US markets on Tuesday. However,
similar to last two occasions, markets corrected after seeing 100
points gap. In fact, immediately post the midsession, the selling
aggravated and in the process, we hastened towards previous
day’s low. Fortunately, this time the close was not as it was on
previous two occasions. In last hour of the trade, we witnessed a
good broad based recovery in the market to reclaim the 10200
mark on a closing basis.
Technically speaking, yesterday’s close is quite encouraging and
considering the hourly chart, we ideally should expect the
extension of this relief rally in next few days. But once again, a
massive sell off in US markets last night seems to have dampened
the traders’ sentiments across the globe. The SGX Nifty is
indicating a gap down opening and despite this we believe that
there may not be follow through selling seen in our markets
today. Hence, it’s not advisable to create shorts, rather wait for
market to stabilise and then one should take a call. If we again
manage to reclaim the 10200 mark then we could see the move
getting extended towards 10300 - 10340 levels. On the flipside,
10100 would be seen as a sacrosanct support.
Since last few days the banking and midcap indices have been
outperforming the benchmarks. This is what convinced us about
index having a limited downside at least for the coming days.
One needs to keep focusing on individual stocks and should
follow strict stop losses for existing trades.
Key Levels
Support 1 - 10170
Resistance 1 -
10300
Support 2 - 10100
Resistance 2 -
10340
Nifty Bank Outlook - (25064)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened gap up in yesterday trading session.
Similar to what we had seen in the recent past, the gap up was a
mere formality and the index corrected post opening. The index
corrected about 500 points from the morning highs during the
day, but recovered some of the lost ground in the last hour to end
the day with minor gains.
The kind of volatility we had seen yesterday is not a surprise as it
is often seen in the expiry week. Now going with the weakness
seen in the global cues we are likely to have a gap down opening
however we sense that there may not be follow-through selling.
The index had managed to hold its support of 24784 in
yesterday's volatility and will be the key level on watch. On the flip
side 25200-25357 will be the immediate resistance on the expiry
session.
Key Levels
Support 1 - 24990
Resistance 1 -
25200
Support 2 - 24784
Resistance 2 -
25357
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Technical & Derivatives Report
October 25, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 8.29%.
Bank Nifty futures open interest has increased by 1.33%
as market closed at 10224.75 levels.
The Nifty October future closed with a premium of 3.80
points against a premium of 1.10 points in last trading
session. The November series closed at a premium of
47.35 points.
The INDIA VIX has decreased from 19.03 to 18.88.
At the same time, the PCR-OI of Nifty has increased from
1.04 to 1.10.
Few of the liquid counters where we have seen high cost
of carry are IRB, SUZLON, JPASSOCIAT, ADANIPOWER
and TVSMOTOR.
Views
FIIs sold to the tune of Rs. 2047 crores in cash market
OI Gainers
segment. At the same time, they were net buyers worth
OI
PRICE
Rs. 613 crores in index futures with good amount of rise
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
in open interest, indicating blend of long and short
ENGINERSIN
10458000
26.93
114.75
3.74
formation in yesterday’s trading session.
CONCOR
4787500
14.33
558.20
-3.41
In options front, they bought of Rs. 821 crores with fall in
ADANIPOWER
188480000
12.74
33.70
1.80
open interest. As far as Nifty options activities are
YESBANK
129143000
11.98
204.00
-4.42
considered, except for some OI addition in 10250 call
SUZLON
395370000
11.82
6.10
0.00
option we hardly saw any relevant build-up; however,
GAIL
25704546
11.40
342.00
0.87
decent unwinding took place in 10400-11000 strikes.
GRASIM
5709750
10.06
809.00
-1.96
On the flip side, 10000-10250 put options added decent
EXIDEIND
6416000
10.01
253.60
1.38
positions along with unwinding in 10300-10500 strikes.
Maximum open interest for October series now stood at
11000 followed by 10400 call and 10000 followed by
OI Losers
10200 put options.
OI
PRICE
Yesterday, we began the session with an upside gap and
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
saw some selling pressure thereafter. Fortunately, in the
KSCL
1126500
-16.65
467.90
0.85
last hour strong recovery led to closing above 10200
HINDZINC
11936000
-13.44
281.50
1.59
mark. We saw addition of long positions in Nifty Futures.
SAIL
75900000
-12.83
64.85
0.93
In Nifty options, decent unwinding was witnessed in OTM
RAMCOCEM
980800
-12.18
570.85
1.85
call options seeing yesterday’s recovering. Today, market
IGL
3143250
-12.01
249.85
4.56
may open with a decent cut on the back of global sell-
DISHTV
45192000
-11.94
44.85
4.09
off. Thus, traders are advised being light in index and
CGPOWER
37872000
-11.45
36.10
-2.04
prefer trading in individual counters.
COALINDIA
18889200
-11.17
277.25
-0.27
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BHARTIARTL
61.29
NIFTY
1.10
0.84
CANFINHOME
92.71
BANKNIFTY
0.82
0.87
CADILAHC
42.11
RELIANCE
0.38
0.59
BAJFINANCE
84.84
ICICIBANK
0.74
0.68
MCX
81.96
INFY
0.62
0.54
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Technical & Derivatives Report
October 25, 2018
FII Statistics for October 24, 2018
Turnover on October 24, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
11222.43
10609.25
613.18
367028
28497.27
13.84
562469
46727.70
16.01
FUTURES
FUTURES
INDEX
INDEX
181206.75
180385.80
820.95
1041185
82511.99
(1.40)
12319778
1094380.52
42.81
OPTIONS
OPTIONS
STOCK
32931.67
32394.27
537.39
1418857
89815.11
1.63
STOCK
FUTURES
1996301
120143.84
4.53
FUTURES
STOCK
STOCK
9567.33
9359.68
207.65
137284
8759.48
(1.11)
1024357
72572.32
19.49
OPTIONS
OPTIONS
Total
234928.18
232749.01
2179.17
2964354
209583.86
1.76
TOTAL
15902905
1333824.38
35.79
Nifty Spot = 10224.75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10200
61.15
Buy
10200
36.95
42.20
57.80
10242.20
23.15
76.85
10176.85
Sell
10300
18.95
Sell
10100
13.80
Buy
10200
61.15
Buy
10200
36.95
57.15
142.85
10257.15
32.00
168.00
10168.00
Sell
10400
4.00
Sell
10000
4.95
Buy
10300
18.95
Buy
10100
13.80
14.95
85.05
10314.95
8.85
91.15
10091.15
Sell
10400
4.00
Sell
10000
4.95
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 25, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
295
305
317
327
339
ASIANPAINT
1,130
1,158
1,179
1,207
1,228
AXISBANK
546
555
566
575
586
BAJAJ-AUTO
2,354
2,415
2,517
2,578
2,681
BAJFINANCE
2,091
2,202
2,270
2,381
2,449
BAJAJFINSV
4,771
5,081
5,265
5,575
5,758
BPCL
269
275
281
287
292
BHARTIARTL
268
292
310
334
353
INFRATEL
256
259
264
267
272
CIPLA
605
613
624
632
643
COALINDIA
270
274
277
280
284
DRREDDY
2,329
2,382
2,439
2,492
2,550
EICHERMOT
21,550
22,087
22,389
22,926
23,228
GAIL
327
335
341
348
355
GRASIM
772
791
815
834
859
HCLTECH
928
954
972
999
1,017
HDFCBANK
1,955
1,974
1,991
2,010
2,027
HDFC
1,690
1,716
1,732
1,758
1,774
HEROMOTOCO
2,603
2,652
2,710
2,759
2,817
HINDALCO
218
224
228
234
238
HINDPETRO
216
224
231
239
246
HINDUNILVR
1,538
1,562
1,576
1,601
1,615
IBULHSGFIN
696
720
749
773
803
ICICIBANK
309
316
323
329
337
IOC
130
134
137
140
143
INDUSINDBK
1,461
1,491
1,510
1,540
1,559
INFY
635
642
654
662
674
ITC
285
286
288
289
291
JSW STEEL
342
347
351
356
359
KOTAKBANK
1,134
1,156
1,175
1,197
1,216
LT
1,197
1,208
1,215
1,226
1,233
M&M
713
725
737
748
761
MARUTI
6,586
6,677
6,781
6,872
6,976
NTPC
156
160
163
167
170
ONGC
151
154
157
160
163
POWERGRID
188
189
191
192
194
RELIANCE
1,006
1,026
1,051
1,071
1,096
SBIN
248
252
257
261
266
SUNPHARMA
550
560
572
583
595
TCS
1,782
1,815
1,845
1,878
1,907
TATAMOTORS
166
168
172
174
178
TATASTEEL
535
543
549
556
562
TECHM
634
651
663
680
692
TITAN
764
778
786
800
809
ULTRACEMCO
3,278
3,331
3,383
3,436
3,489
UPL
607
615
622
630
637
VEDANTA
206
209
211
215
217
WIPRO
295
302
307
314
318
YESBANK
191
197
209
215
227
ZEEL
418
427
437
445
455
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Technical & Derivatives Report
October 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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