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Technical & Derivatives Report
October 25
, 2019
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Sensex (
20
) / Nifty
(1
1
)
The Nifty index continued to trade within the broad range of
11500-11700 in yesterday's session too and ended the day tad
below the 11600 mark.
Since last four sessions ,the Nifty has consolidated within the
above mentioned range which seem to be a time-wise correction
post the recent sharp upmove. Once this time correction is over,
we expect the index to resume its uptrend and breach the
resistance of 11700. Above this, the index is expected to rally
towards 11850-11900. Hence, traders are advised to use
intraday declines as buying opportunities. The broader markets
have been doing considerable well in this consolidation phase
and hence, short term traders should also look for stock specific
opportunities which could deliver better returns in the near term.
Key Levels
Support 1 – 11530 Resistance 1 – 11700
Support 2 – 11480 Resistance 2 – 11760
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
29
108
)
The BankNifty opened marginally positive yesterday and
consolidated in a range till noon. However, during last last couple
of hours, the index witnessed a sharp correction led by some of
the PSU names and the index ended with a loss of about 350
points.
Inspite of yesterday's correction, the broader stricutre has not
changed and hence this downmove should be seen as a
correction in an uptrend. The recent breabout zone of 28800-
28900 could act as a support in this decline and hence, traders
are advised to look for buying opportunities. The near term
resistance for the index is seen around 29700 which has acted as
a resistance since last three sessions. We expect this hurdle to be
taken out soon post which the index should rally beyond the
30000 mark.
Key Levels
Support 1 – 28900 Resistance 1 – 29610
Support 2 – 28800 Resistance 2 – 29790
Exhibit 2: Nifty Bank Daily Chart
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Nifty Vs OI
Views
We began yesterday’s session on a positive note but
follow-up buying was missing and hence Nifty
corrected below 11600 mark on the closing basis.
FIIs were net sellers in the cash market segment to the
tune of Rs. 73 cr. In index futures, they sold worth
Rs. 327 crores with a rise in open interest, indicating
the formation of fresh short positions.
Yesterday, we barely saw any relevant open interest
activity in Nifty; however, some shorts were formed in
banking index. Despite some intraday fall below 11600
mark we witnessed put writers of 11600 strike adding
fresh positions. Stronger hands remained sellers in
equities and index futures, but, the quantum of selling
was again insignificant. At present, 11550-11600 is
immediate support for index; whereas, 11700-11720
may act as a hurdle for the time being.
Comments
The Nifty futures open interest has decreased by 0.28%
Bank Nifty futures open interest has increased 12.39% as
market closed at 11852.60 levels.
The Nifty October future closed with a premium of 28.55
points against a premium of 20.60 points in last trading
session. The November series closed at a premium of
71.85 points.
The INDIA VIX has decreased from 16.53 to 16.24.
At the same time, the PCR-OI of Nifty has decreased
from 1.19 to 1.02.
Few of the liquid counters where we have seen high cost
of carry are L&TFH, STAR, TORNTPOWER,
MUTHOOTFIN and HAVELLS.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
INFRATEL 12902000 63.07 237.55 -8.59
TORNTPHARM 504000 23.83 1767.70 5.40
SBIN 128694000 19.15 262.50 -4.72
IDEA 670460000 18.44 4.35 -24.56
HEXAWARE 2203500 16.59 346.25 -5.60
BIOCON 14589000 13.63 245.05 -5.60
CUMMINSIND 1836100 13.06 546.90 -5.77
FEDERALBNK 50211000 10.13 81.00 -2.81
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
CASTROLIND 6925800 -13.36 144.60 8.56
NIITTECH 766500 -11.82 1491.60 -0.01
SIEMENS 1824350 -8.12 1631.20 -1.95
CESC 759200 -6.59 805.90 0.73
SUNTV 2930000 -6.18 520.30 -0.64
SRF 937500 -6.06 2846.05 0.39
PFC 37286800 -5.87 104.45 -0.19
PEL 7579294 -4.93 1723.05 0.45
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.02 0.82
BANKNIFTY 0.72 0.69
RELIANCE 0.70 0.48
ICICIBANK 0.81 0.74
INFY 0.44 0.52
Historical Volatility
SCRIP HV
INFRATEL 49.94
IDEA 176.04
CASTROLIND 51.39
CUMMINSIND 42.79
HEXAWARE 41.11
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October 25
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Note: Above mentioned Bullish or Bearish Spreads in Nifty (October Series) are given as an information and not as a recommendation.
Nifty Spot
=
11
582.60
Lot Size = 75
FII Statistics for
October
2
4
, 2019
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
4604.77
4931.73
(326.96) 174125
14129.39
5.30
INDEX
OPTIONS
516391.27
515580.99
810.28
601042
49215.97
(21.60)
STOCK
FUTURES
16260.08
16629.48
(369.40) 1544162
92924.81
0.48
STOCK
OPTIONS
9672.15
9619.00
53.15
117657
6723.72
(0.81)
Total 546928.27
546761.20
167.07
2436986
162993.89
(5.81)
Turnover on
October
2
4
, 2019
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
438135 30054.14 23.98
INDEX
OPTIONS
41552682 2718785.51 140.00
STOCK
FUTURES
1120345 63587.92 15.56
STOCK
OPTIONS
1135988 69508.97 5.03
TOTAL 4,42,47,150
2881936.54 125.45
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 11600 99.95
43.25 56.75 11643.25
Sell 11700 56.70
Buy 11600 99.95
70.60 129.40 11670.60
Sell 11800 29.35
Buy 11700 56.70
27.35 72.65 11727.35
Sell 11800 29.35
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 11600 88.70
38.40 61.60 11561.60
Sell 11500 50.30
Buy 11600 88.70
61.25 138.75 11538.75
Sell 11400 27.45
Buy 11500 50.30
22.85 77.15 11477.15
Sell 11400 27.45
Nifty Put-Call Analysis
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Da
ily
Pivot
Levels for Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 390 395
398 403 406
ASIANPAINT 1,738 1,764
1,780 1,806 1,821
AXISBANK 689 699
711 720 732
BAJAJ-AUTO 3,113 3,141
3,171 3,198 3,228
BAJFINANCE 3,972 3,999
4,040 4,067 4,107
BAJAJFINSV 7,944 8,017
8,109 8,182 8,274
BPCL 488 501
513 526 538
BHARTIARTL 307 340
358 391 409
INFRATEL 220 229
243 252 267
BRITANNIA 3,214 3,249
3,295 3,330 3,377
CIPLA 436 442
449 454 461
COALINDIA 201 203
207 209 212
DRREDDY 2,735 2,780
2,815 2,860 2,895
EICHERMOT 20,247 20,639
20,914 21,307 21,581
GAIL 120 122
125 128 131
GRASIM 624 665
704 745 784
HCLTECH 1,081 1,100
1,130 1,149 1,178
HDFCBANK 1,211 1,224
1,239 1,251 1,267
HDFC 2,121 2,133
2,154 2,166 2,186
HEROMOTOCO 2,599 2,647
2,699 2,747 2,798
HINDALCO 177 179
183 185 189
HINDUNILVR 2,102 2,118
2,134 2,150 2,166
ICICIBANK 447 451
455 459 463
IOC 138 140
142 144 146
INDUSINDBK 1,225 1,254
1,301 1,330 1,377
INFY 619 627
640 648 661
ITC 244 247
250 253 256
JSW STEEL 211 217
221 227 231
KOTAKBANK 1,581 1,597
1,614 1,630 1,646
LT 1,401 1,417
1,442 1,457 1,483
M&M 568 575
585 592 602
MARUTI 7,175 7,283
7,379 7,487 7,583
NESTLEIND 14,358 14,512
14,780 14,934 15,202
NTPC 118 119
120 122 123
ONGC 138 139
141 142 144
POWERGRID 201 203
205 206 209
RELIANCE 1,367 1,402
1,421 1,456 1,476
SBIN 234 248
263 277 292
SUNPHARMA 395 401
404 410 413
TCS 2,043 2,063
2,081 2,100 2,118
TATAMOTORS 128 131
133 136 138
TATASTEEL 350 355
359 363 367
TECHM 711 719
732 739 753
TITAN 1,340 1,357
1,368 1,385 1,396
ULTRACEMCO 4,209 4,260
4,295 4,346 4,381
UPL 588 593
600 604 611
VEDANTA 143 144
146 148 150
WIPRO 246 248
251 253 256
YESBANK 44 46
49 51 55
ZEEL 231 234
240 243 249
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October 25
, 2019
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*
Research Team Tel: 022
-
39357800
Website:
www.angelbroking.com
For Technical Queries E-mail: technicalresearch-cs[email protected]gelbroking.com
For Derivatives Queries E-mail: derivatives.des[email protected]elbroking.com
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