www.angelbroking.com
Technical & Derivatives Report
November 25, 2020
Nifty
Bank Out
look
-
(
29737
)
Bank Nifty too started with a gap up opening and then trading
with positive momentum throughout the session ended with gains
of 2.46% at 29737.
Technically, the momentum is strongly gripped by the bulls and
every dip is getting easily bought. However, with 24% gains in this
month, the prices have overstretched from their short term
moving averages and oscillators are highly overbought. Hence,
one should avoid aggressive positions and rather continue with
the recent approach of buying on dips for stock-specific trades
within this basket. As far as levels are concerned, immediate
support is placed around 29200 and 29000 whereas psychological
30000 is the immediate resistance zone.
Key Levels
Support 1 – 29200 Resistance 1 – 30000
Support 2 – 29000 Resistance 2 – 30150
Exhibit 1: Nifty Daily Chart
Se
nsex
(
44523)
/ Nifty
(
13055
)
The relentless run continues in financial markets across the globe.
After a decent overnight rally in US markets, DOW futures were
trading with decent gains early in the morning and as a result, our
markets finally knocked on the door of a new milestone of 13000 at
the opening itself. Barring few minor ticks, Nifty remained well above
13000 throughout the session to eventually end the historical day
with another percent gain.
The kind of recovery we had witnessed on Friday, it was very much
evident that the bulls are not willing to give up and soon we were
about to surpass 13000. Finally it has become the reality and now
next immediate levels to watch out for would be at 13100-13200.
Yesterday’s up move was mainly propelled by the financial stocks as
we saw Banking index inching closer to its milestone of 30000. The
undertone remains bullish but as a momentum trader, taking some
money off the table should be considered as a healthy practice. The
support base now shifts higher around 12800-12730; before which,
intraday supports are at 12980-12900 for the coming session.
Since almost all sectors are contributing in the rally, intermediate
corrections are likely to be bought into. Meanwhile, continue to focus
on individual stocks and trail stop losses higher for existing trades.
.Key Levels
Support 1 – 12980 Resistance 1 – 13100
Support 2 – 12900 Resistance2 – 13200
Exhibit 2: Nifty Bank Daily Chart
www.angelbroking.com
Technical & Derivatives Report
November 25, 2020
Nifty Vs OI
10500
11000
11500
12000
12500
13000
13500
,0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
10/30 11/3 11/5 11/9 11/11 11/13 11/19 11/23
(`000)
Openinterest Nifty
View
Markets continued the dream run and achieved the
historical 13000 mark to end with gains of a percent.
FIIs were net buyers in the cash segment to the tune of
Rs. 4563 crores. In index future segment, the activity
was muted as they sold worth Rs. 29 crores with
increase in open interest.
Fii's continued to lift the markets higher with
aggressive buying in cash segment. As the index
surged, the call writers ran for cover while 13000-12900
puts added positions indicating support shifting
higher. Although the data continues to be positive, the
Nifty PCR has reached 1.78 which is nearing its
overbought zone. Although we continue with our
advise to trade with a positive bias, short term traders
should also look to book out some profits on existing
longs.
C
o
mme
n
t
s
The Nifty futures open interest has increased by 5.00%
Bank Nifty futures open interest has increased by 4.73%
as market closed at 13055.15 levels.
The Nifty November future closed with a premium of 7.3
point against a premium of 7.9 point in last trading
session. The December series closed at a premium of
28.40 point.
The INDIA VIX has increased from 20.80 to 21.06.
At the same time, the PCR-OI of Nifty increased from 1.57
to 1.78.
Few of the liquid counters where we have seen high cost
of carry are IDEA, HAVELLS, SIEMENS, PNB AND ONGC.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
RBLBANK 26216000 34.22 226.40 6.67
AMARAJABAT 1598000 23.59 891.25 2.18
RAMCOCEM 1768850 22.05 869.85 0.85
CANBK 18866800 21.84 93.25 0.27
IDEA 528430000 19.41 10.25 -0.48
BHEL 69615000 18.60 31.35 0.16
MUTHOOTFIN 4890750 17.84 1137.75 -1.80
INDIGO 3771000 16.28 1656.30 -0.45
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
BANKBARODA 44266300 -20.04 46.85 0.11
NESTLEIND 325350 -17.75 17677.65 -0.62
COFORGE 633750 -17.44 2453.10 0.82
MFSL 4253600 -13.96 636.30 0.17
BALKRISIND 1294400 -13.29 1653.55 -1.56
BATAINDIA 1037300 -12.52 1504.35 -0.15
ACC 1597000 -12.33 1696.60 -1.82
GODREJPROP 1535950 -11.43 1118.65 2.91
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.78 1.02
BANKNIFTY 1.36 0.92
RELIANCE 0.46 0.43
ICICIBANK 0.75 0.54
INFY 0.47 0.37
Historical Volatility
SCRIP HV
BOSCHLTD 49.64
ADANIPORTS 47.26
RBLBANK 81.63
HDFCBANK 40.54
EICHERMOT 51.44
www.angelbroking.com
Technical & Derivatives Report
November 25, 2020
Note: Above mentioned Bullish or Bearish Spreads in Nifty (November Series) are given as an information and not as a recommendation.
Nifty Spot =
13055.15
FII Statistics for November 24, 2020
Detail Buy
Net Contracts
Open Interest
Sell
Value
(in Cr.)
Change
INDEX
FUTURES
7287.52
7316.62
(29.10) 183403
17296.86
5.29
INDEX
OPTIONS
219053.08
216509.15
2543.93
1027766
94745.94
9.41
STOCK
FUTURES
44495.80
45403.30
(907.50) 1316492
98604.19
(0.19)
STOCK
OPTIONS
6918.77
7231.34
(312.57) 91333
7010.46
(1.66)
Total 277755.17
276460.41
1294.76
2618994
217657.45
3.71
Turnover on November 24, 2020
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
Index Futures
5,03,150 41771.00 -4.65
Index Options
2,08,61,850
17,17,507.34
-7.19
Stock Futures
18,20,433
1,38,179.81 12.43
Stock Options
18,82,066
1,53,924.56 -10.90
Total 2,50,67,499
20,51,382.71
-6.33
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 13100 55.85
33.80 66.20 13133.80
Sell 13200 22.05
Buy 13100 55.85
48.85 151.15 13148.85
Sell 13300 7.00
Buy 13200 22.05
15.05 84.95 13215.05
Sell 13300 7.00
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 13000 49.15
23.95 76.05 12976.05
Sell 12900 25.20
Buy 13000 49.15
35.10 164.90 12964.90
Sell 12800 14.05
Buy 12900 25.20
11.15 88.85 12888.85
Sell 12800 14.05
Nifty Put-Call Analysis
,0
500,000
1000,000
1500,000
2000,000
2500,000
3000,000
3500,000
4000,000
4500,000
5000,000
12500 12600 12700 12800 12900 13000 13100 13200 13300 13400 13500 13600 13700 13800
Call Put
www.angelbroking.com
Technical & Derivatives Report
November 25, 2020
Da
ily
Pivot
Level
s for
Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
364
378
390
404
416
ASIANPAINT 2,170 2,189
2,210
2,229
2,250
AXISBANK
592
606
614
628
636
BAJAJ-AUTO 3,021 3,058
3,090
3,127
3,159
BAJFINANCE 4,722 4,766
4,814
4,858
4,906
BAJAJFINSV 8,608 8,734
8,821
8,947
9,034
BPCL
381
386
393
397
404
BHARTIARTL
466
470
476
480
486
BRITANNIA 3,501 3,532
3,562
3,593
3,624
CIPLA
737
743
747
753
758
COALINDIA
122
123
124
124
125
DIVISLAB 3,430 3,483
3,547
3,600
3,664
DRREDDY 4,726 4,821
4,880
4,975
5,035
EICHERMOT 2,541 2,617
2,666
2,742
2,791
GAIL
97
99
101
102
104
GRASIM
842
848
856
861
869
HCLTECH
822
831
844
853
866
HDFCBANK 1,385 1,412
1,428
1,455
1,471
HDFCLIFE
646
655
661
670
676
HDFC 2,170 2,194
2,233
2,257
2,296
HEROMOTOCO 3,007 3,041
3,075
3,109
3,143
HINDALCO
215
221
224
229
233
HINDUNILVR 2,108 2,133
2,147
2,171
2,186
ICICIBANK
468
473
476
482
485
IOC
85
85
86
87
88
INDUSINDBK
826
840
850
864
875
INFY 1,121 1,131
1,143
1,152
1,164
ITC
188
192
194
198
200
JSW STEEL
331
336
339
344
347
KOTAKBANK 1,864 1,894
1,921
1,952
1,979
LT 1,120 1,128
1,136
1,144
1,152
M&M
688
709
727
748
766
MARUTI 6,980 7,069
7,139
7,228
7,298
NESTLEIND 17,378
17,528
17,750
17,899
18,121
NTPC
93
94
94
95
95
ONGC
74
75
77
78
79
POWERGRID
191
193
195
197
200
RELIANCE 1,915 1,939
1,957
1,981
1,999
SBILIFE
829
834
837
842
845
SHREECEM 23,711
23,978
24,333
24,599
24,955
SBIN
237
241
243
246
248
SUNPHARMA
502
511
517
526
532
TCS 2,685 2,704
2,723
2,742
2,761
TATAMOTORS
168
170
173
175
177
TATASTEEL
538
543
547
552
556
TECHM
852
865
877
890
903
TITAN 1,297 1,312
1,338
1,353
1,379
ULTRACEMCO 4,805 4,839
4,876
4,910
4,947
UPL
423
425
428
430
434
WIPRO
351
353
357
360
364
www.angelbroking.com
Technical & Derivatives Report
November 25, 2020
*
Research Team Tel: 022 – 39357600 (Extn. 6844) Website: www.angelbroking.com
For Technical Queries E-mail: [email protected]lbroking.com
For Derivatives Queries E-mail: [email protected].com
DISCLAIMER
Angel Broking 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
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 company 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 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 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 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.
Technical and Derivatives Team:
Sameet Chavan Chief Analyst - Technical & Derivatives sameet.cha[email protected]g.com
Ruchit Jain Senior Analyst - Technical & Derivatives [email protected]ing.com
Rajesh Bhosale Technical Analyst rajesh.bh[email protected]g.com
Sneha Seth Derivatives Analyst [email protected]angelbroking.com