Technical & Derivatives Report
October 26, 2018
Sensex (33690) / Nifty (10125)
Exhibit 1: Nifty Daily Chart
It seems that the market is in no mood to give any kind of sigh of
relief to traders/ investors community. There has been several
attempts made to give some bounce back move; but, on all these
occasions, markets failed due to relentless selling at higher levels.
To fuel this, global markets are creating nuisance these days and
yesterday too, the gap down opening was mainly on the back of
sharp overnight sell off seen in the US markets. The damage was
once again got restricted post the opening, but it’s been
happening repeatedly now-a-days and hence, bulls may not have
any kind of confidence left to interpret this as exhaustion.
This is clearly a kind of phase when you are left with no clear
view and hence, rather than just trying find to any reason, we
would rather wait for some kind of development to happen on
charts. Yes, we still reiterate that one should avoid going short
now; but at the same time, going long (especially carrying
overnight positions) does not seem to be a right ploy due
unexpected sell off in the global peers. At this juncture, we would
rather wait for Nifty to surpass and sustain above the important
intraday swing high of 10242. If it manages to do so, then would
trigger some immediate recovery in the market. Till then one
should stay light and avoid taking undue risk. On the lower side,
10079 has now become a new multi-month low.
The midcap index continues to outperform the benchmark and
hence, if market gives any kind of relief move, we may see
individual stocks from the midcap universe providing better
trading opportunities.
Key Levels
Support 1 - 10079
Resistance 1 -
10200
Support 2 - 10000
Resistance 2 -
10242
Nifty Bank Outlook - (24817)
Exhibit 2: Nifty Bank Daily Chart
On the back of negative global cues, the Nifty Bank index opened
down with a gap of more than 200 points. The index then traded
in a range and ended the session around the opening levels, with
a loss of about a percent. Apart from the gap down opening, the
Nifty Bank index did not witness any significant momentum in
yesterday's session. As highlighted in our earlier report, the index
has recently shown some outperformance to the Nifty index as it
still above the early October lows whereas the later has already
breached its respective low. Going ahead, we are of the opinion
that the index could see some pullback move heron in the coming
few weeks. The confirmation of the same will be seen once the
index crosses above the 25357 resistance mark. Traders are
advised to avoid creating short positions and trade on a stock
specific momentum. The support for the index is placed in the
range of 24700-24630 whereas resistances are seen around
25090 and 25357.
Key Levels
Support 1 - 24700
Resistance 1 -
25200
Support 2 - 24630
Resistance 2 -
25357
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Technical & Derivatives Report
October 26, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 16.29%.
Bank Nifty futures open interest has decreased by
10.06% as market closed at 10124.90 levels.
The Nifty November future closed with a premium of
49.65 points against a premium of 47.35 points in last
trading session. The December series closed at a
premium of 94.90 points.
The INDIA VIX has increased from 18.88 to 18.96.
At the same time, the PCR-OI of Nifty has increased from
1.10 to 1.49.
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. 1496 crores in cash market
OI Gainers
segment. At the same time, they were net sellers worth
OI
PRICE
Rs. 2605 crores in index futures with good amount of fall
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
in open interest, on account of expiry.
PVR
1196000
1.18
1284.05
-0.04
In options front, they bought of Rs. 1109 crores with fall
MOTHERSUMI
14550400
0.20
231.90
-5.43
in open interest. As far as Nifty options activities are
considered, being start of new series the overall build-up
was scattered between 10100-11100 call and 9500-
11100 put options. Maximum open interest for
November series now stood at 11000 followed by 10500
call and 10000 followed by 10200 put options.
It was yet another series that the benchmark corrected
another 7.73%. During the series, we saw addition of
decent shorts in index futures and these positions have
OI Losers
been rolled too. Rollover in Nifty is at 75.83%, which is
OI
PRICE
on the higher side. Stronger hands too added huge
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
shorts in index futures and were sellers in cash market
PFC
32556000
-58.96
84.15
-0.36
segment too. However, it was noticed they were buying in
CONCOR
2237500
-53.26
550.15
-1.31
stock futures and have also rolled these position in the
HINDZINC
6860800
-42.52
278.55
-2.80
November series. At present, 10000 is an important
PETRONET
10341000
-39.10
212.25
-0.26
psychological base for index, until index trades above
HCC
28476000
-38.66
11.85
0.00
these levels one should avoid any bearish bets.
INFRATEL
5273400
-38.34
265.00
0.37
ENGINERSIN
6461000
-38.22
112.25
-2.46
DALMIABHA
370500
-38.19
2114.40
2.06
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
DISHTV
112.94
NIFTY
1.49
0.80
JUBLFOOD
72.75
BANKNIFTY
0.85
0.56
MCX
108.17
RELIANCE
0.45
0.53
BHEL
57.72
ICICIBANK
0.86
0.48
KAJARIACER
63.91
INFY
2.21
0.50
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Technical & Derivatives Report
October 26, 2018
FII Statistics for October 25, 2018
Turnover on October 25, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
8936.75
11542.03
(2605.28)
301441
23086.22
(17.87)
544481
45189.84
-3.29
FUTURES
FUTURES
INDEX
INDEX
207116.43
206007.13
1109.30
549286
42987.85
(47.24)
17907793
1623442.84
48.34
OPTIONS
OPTIONS
STOCK
29590.33
29792.55
(202.22)
1242032
77492.54
(12.46)
STOCK
FUTURES
2314574
134710.36
12.12
FUTURES
STOCK
STOCK
4877.14
4641.62
235.52
12837
1060.00
(90.65)
1049365
69451.61
-4.30
OPTIONS
OPTIONS
Total
250520.65
251983.33
(1462.68)
2105596
144626.61
(28.97)
TOTAL
21816213
1872794.65
40.41
Nifty Spot = 10224.75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10100
288.55
Buy
10100
212.05
54.90
45.10
10154.90
36.70
63.30
10063.30
Sell
10200
233.65
Sell
10000
175.35
Buy
10100
288.55
Buy
10100
212.05
107.50
92.50
10207.50
68.70
131.30
10031.30
Sell
10300
181.05
Sell
9900
143.35
Buy
10200
233.65
Buy
10000
175.35
52.60
47.40
10252.60
32.00
68.00
9968.00
Sell
10300
181.05
Sell
9900
143.35
Note: Above mentioned Bullish or Bearish Spreads in Nifty (November Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
October 26, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
292
299
306
313
320
ASIANPAINT
1,161
1,180
1,195
1,214
1,229
AXISBANK
547
554
559
566
572
BAJAJ-AUTO
2,387
2,432
2,465
2,511
2,544
BAJFINANCE
2,222
2,279
2,313
2,370
2,404
BAJAJFINSV
5,158
5,263
5,362
5,467
5,567
BPCL
270
273
278
281
286
BHARTIARTL
281
288
299
307
318
INFRATEL
255
260
265
270
276
CIPLA
594
601
613
620
632
COALINDIA
270
276
280
286
290
DRREDDY
2,340
2,365
2,405
2,430
2,470
EICHERMOT
21,613
21,852
22,140
22,380
22,667
GAIL
331
336
340
345
349
GRASIM
767
776
788
797
809
HCLTECH
951
978
995
1,022
1,038
HDFCBANK
1,937
1,953
1,978
1,994
2,019
HDFC
1,652
1,673
1,707
1,728
1,761
HEROMOTOCO
2,619
2,657
2,686
2,724
2,753
HINDALCO
215
219
223
227
232
HINDPETRO
217
222
229
234
241
HINDUNILVR
1,533
1,552
1,572
1,591
1,611
IBULHSGFIN
654
672
701
718
748
ICICIBANK
308
314
318
324
328
IOC
133
136
139
143
145
INDUSINDBK
1,449
1,470
1,497
1,517
1,544
INFY
627
638
647
658
667
ITC
282
285
287
290
292
JSW STEEL
339
346
351
358
362
KOTAKBANK
1,152
1,169
1,182
1,198
1,211
LT
1,186
1,194
1,203
1,211
1,220
M&M
714
724
734
744
755
MARUTI
6,499
6,611
6,732
6,845
6,966
NTPC
154
158
162
166
169
ONGC
147
151
157
161
167
POWERGRID
185
188
190
193
196
RELIANCE
1,005
1,018
1,029
1,042
1,054
SBIN
244
247
251
254
258
SUNPHARMA
541
550
561
570
581
TCS
1,800
1,826
1,852
1,878
1,904
TATAMOTORS
161
163
167
169
172
TATASTEEL
535
540
545
551
556
TECHM
638
645
656
662
673
TITAN
770
781
788
799
807
ULTRACEMCO
3,226
3,287
3,338
3,399
3,450
UPL
581
590
604
614
628
VEDANTA
197
201
205
209
213
WIPRO
285
302
313
329
340
YESBANK
188
193
200
206
213
ZEEL
423
428
433
438
443
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Technical & Derivatives Report
October 26, 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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