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Technical & Derivatives Report
November 25
, 2019
Sensex (
40
) / Nifty
(1
1914
)
Markets were a bit joyful at the opening of the week gone by and
in-line with this, Nifty continued its march beyond 12000 during
the mid-week. However, once again, benchmark index looked a
bit tentative at higher levels and in last couple of days, this
tentativeness resulted into a decline towards the 11900 mark.
Eventually, third consecutive week ended on a flat note with
nominal gains of nearly two tenths of percent to the previous
weekly close.
Due to recent price action, the weekly chart now depicts three
back to back ‘Doji’ candles. This indicates some indecision at a
crucial juncture but no means we are interpreting it as a sign of
caution. It seems that the market is now awaiting some trigger to
clock fresh record highs. Meanwhile, the range is confined to
merely 200 points on weekly basis. Only a decisive breakout
outside this range would trigger some momentum in the market.
In our sense, 11880 11800 would be seen as immediate base
and it’s a matter of time, we would break through this sturdy wall
of 12050 – 12100 to enter an uncharted territory.
With reference to our recent articles, although benchmark index is
trapped in a range, lot of individual themes are doing well since
last few days. During the last week, stocks from infrastructure
space were kept buzzing along with ‘Pharma’ stocks which
appears to have come out of the slumber. Do watch out for such
potential themes which are likely to provide better trading
opportunities.
Key Levels
Support 1 – 11880 Resistance 1 – 12000
Support 2 – 11800 Resistance 2 – 12050
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
31111
)
During last week, the BankNifty moved higher gradually to almost
test the 31500 mark. However, the index gave up some of the
gains on the last trading session and ended the week with gains
of one-third of a percent. Since last few weeks, the BankNifty have
seen a positive momentum and with no signs of reversal, the
trend for the index still continues to be up. Infact, in this month,
BankNifty has relatively outperformed the Nifty index so far as the
stocks within this space have shown decent gains inspite of the
benchmark indices consolidating in a narrow range. Hence, we
continue with our positive stance and advise traders to trade with
a positive bias. The immediate support for BankNifty is placed
around 30870 whereas resistance is seen around 31500.
Key Levels
Support 1 – 31000 Resistance 1 – 31500
Support 2 – 30870 Resistance 2 – 31600
Exhibit 2: Nifty Bank Daily Chart
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Technical & Derivatives Report
November 25
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Nifty Vs OI
Views
We had a cheerful start for the week and the follow-up
buying brought index tad above the psychological
mark of 12000.However, since the last three
consecutive sessions, we witnessed decent profit
booking around this mark to eventually conclude the
week tad below 11950.
FIIs were net buyers in the cash market segment to the
tune of Rs. 306 cr. In index futures, they sold worth
Rs. 833 crores with fall in open interest, indicating long
unwinding in the previous trading session.
As far as open interest activities in index futures are
concerned, traders preferred unwinding few of their
positions in Nifty; whereas, BankNifty added some
fresh positions. At present, 11850-11900 is an
immediate support zone and the hurdle is placed
around 12000-12050. Considering the overall
positions, we don’t see any sign of concern in the
market and we soon expect Nifty to rally beyond the
above-mentioned hurdle.
Comments
The Nifty futures open interest has decreased by 6.25%
Bank Nifty futures open interest has decreased 2.87% as
market closed at 11914.40 levels.
The Nifty October future closed with a premium of 0.10
points against a premium of 6.15 points in last trading
session. The November series closed at a premium of
43.05 points.
The INDIA VIX has decreased from 15.77 to 14.87.
At the same time, the PCR-OI of Nifty has decreased
from 1.37 to 1.31.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, MRF, RAMCOCEM, NMDC and
DLF.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
EQUITAS 12388100 18.75 90.60 3.00
TORNTPHARM 407000 10.45 1711.85 -1.36
ZEEL 47259000 9.81 358.10 2.20
MFSL 7098300 8.63 507.20 0.04
EICHERMOT 322775 8.46 22754.25 3.60
JINDALSTEL 43904800 8.14 144.20 6.14
GLENMARK 7157600 7.36 344.05 -1.72
TATAELXSI 1125000 7.08 788.30 -1.36
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
BANKINDIA 14406000 -8.39 73.05 0.14
NTPC 49728000 -6.26 117.80 2.08
POWERGRID 27452000 -5.83 198.75 1.10
APOLLOHOSP 1616500 -5.41 1451.60 -0.40
ICICIBANK 79378750 -4.34 496.80 -0.20
CHOLAFIN 4445000 -4.15 314.35 -0.76
HDFCBANK 22610000 -3.74 1264.75 -1.36
BAJAJFINSV 1345875 -3.19 9039.10 -0.20
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.31 0.91
BANKNIFTY 0.95 1.02
RELIANCE 0.86 0.61
ICICIBANK 0.94 0.74
INFY 0.49 0.93
Historical Volatility
SCRIP HV
SIEMENS 35.04
SAIL 63.93
PETRONET 28.67
UJJIVAN 46.89
NTPC 21.82
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Technical & Derivatives Report
November 25
, 2019
Note: Above mentioned Bullish or Bearish Spreads in Nifty (November Series) are given as an information and not as a recommendation.
Nifty Spot
=
1
1914.40
Lot Size = 75
FII Statistics for
November
22
, 2019
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
2397.49 3230.02 (832.53) 214856 17773.24 (3.74)
INDEX
OPTIONS
144795.23 144116.43 678.80
673022 56598.65 9.14
STOCK
FUTURES
14321.80 14363.77 (41.97) 1613959 94701.24 0.61
STOCK
OPTIONS
6717.93 6709.09 8.84
91526 5115.30 (5.34)
Total 168232.45
168419.31
(186.86) 2593363
174188.43
2.07
Turnover on
November
22
, 2019
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
276010 20592.46 14.63
INDEX
OPTIONS
8527873 626487.43 -71.94
STOCK
FUTURES
1047985 58957.06 10.58
STOCK
OPTIONS
1005206 60810.33 4.39
TOTAL 1,08,57,074
766847.28 -67.53
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 11900 75.25
41.15 58.85 11941.15
Sell 12000 34.10
Buy 11900 75.25
62.65 137.35 11962.65
Sell 12100 12.60
Buy 12000 34.10
21.50 78.50 12021.50
Sell 12100 12.60
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 11900 60.75
33.95 66.05 11866.05
Sell 11800 26.80
Buy 11900 60.75
49.85 150.15 11850.15
Sell 11700 10.90
Buy 11800 26.80
15.90 84.10 11784.10
Sell 11700 10.90
Nifty Put-Call Analysis
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Technical & Derivatives Report
November 25
, 2019
Da
ily
Pivot
Levels for Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 367 369
372 375 378
ASIANPAINT 1,653 1,668
1,691 1,706 1,729
AXISBANK 721 726
733 739 746
BAJAJ-AUTO 3,105 3,129
3,157 3,181 3,210
BAJFINANCE 3,985 4,032
4,088 4,134 4,191
BAJAJFINSV 8,934 8,987
9,033 9,086 9,132
BPCL 500 505
510 515 520
BHARTIARTL 410 415
423 428 435
INFRATEL 219 225
234 241 250
BRITANNIA 2,981 3,002
3,037 3,058 3,093
CIPLA 467 473
479 485 491
COALINDIA 195 197
198 200 201
DRREDDY 2,811 2,841
2,873 2,903 2,935
EICHERMOT 21,074 21,914
22,439 23,279 23,804
GAIL 120 121
122 123 124
GRASIM 760 777
787 803 813
HCLTECH 1,094 1,104
1,120 1,130 1,146
HDFCBANK 1,248 1,257
1,270 1,278 1,292
HDFC 2,185 2,211
2,226 2,252 2,266
HEROMOTOCO 2,410 2,426
2,442 2,458 2,474
HINDALCO 185 188
190 192 194
HINDUNILVR 1,985 2,007
2,030 2,052 2,075
ICICIBANK 487 492
497 502 507
IOC 127 129
130 131 132
INDUSINDBK 1,424 1,435
1,448 1,459 1,472
INFY 670 682
697 708 724
ITC 243 245
249 251 255
JSW STEEL 241 246
250 255 258
KOTAKBANK 1,547 1,558
1,576 1,587 1,605
LT 1,355 1,367
1,383 1,395 1,411
M&M 531 538
547 554 563
MARUTI 6,969 7,014
7,046 7,092 7,123
NESTLEIND 13,993 14,082
14,191 14,281 14,390
NTPC 116 117
118 119 120
ONGC 129 132
133 135 137
POWERGRID 193 196
199 201 204
RELIANCE 1,519 1,533
1,551 1,565 1,583
SBIN 325 327
330 333 336
SUNPHARMA 436 444
453 461 470
TCS 2,033 2,052
2,080 2,099 2,126
TATAMOTORS 158 160
163 165 167
TATASTEEL 376 388
395 408 415
TECHM 732 743
754 765 776
TITAN 1,109 1,122
1,137 1,150 1,164
ULTRACEMCO 4,002 4,042
4,070 4,109 4,137
UPL 524 529
536 541 548
VEDANTA 137 140
141 144 145
WIPRO 240 242
244 245 247
YESBANK 63 64
65 66 67
ZEEL 324 341
352 369 380
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Technical & Derivatives Report
November 25
, 2019
*
Research Team Tel: 022
-
39357800
Website:
www.angelbroking.com
For Technical Queries E-mail: technicalresearch-cs[email protected]elbroking.com
For Derivatives Queries E-mail: derivatives.des[email protected]elbroking.com
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