Technical & Derivatives Report
December 26, 2018
Sensex (35470) / Nifty (10663)
Exhibit 1: Nifty Daily Chart
Friday’s sharp correction was followed by a muted start on
Monday. Subsequently, index consolidated in a small range for
the major part of the day. However, once again the bears started
dominating in the penultimate hour and as a result; Nifty fell
sharply to conclude the day well below the 10700 mark.
It seems that the US markets are undergoing a terrible time as we
saw Dow Jones correcting nearly 2300 points in last 5 - 6 days.
This is colossal when it comes to the biggest economy in the
world. Our markets managed to stay away from all this for a
while, but eventually, it had to succumb to this pressure. The
selling in our markets aggravated on Monday after breaking
10720 - 10700 levels. Now going ahead, it would be important
to see how Nifty behaves around 10650 - 10600. On the upside,
10700 - 10740 is seen as a strong resistance zone. Considering
the higher volatility, traders are advised to stay light and avoid
taking undue risks till the time volatility subsides in the global
markets.
Key Levels
Support 1 - 10650
Resistance 1 -
10700
Support 2 - 10600
Resistance 2 -
10740
Nifty Bank Outlook - (26715)
Exhibit 2: Nifty Bank Daily Chart
On Monday, The Nifty Bank too corrected along with the broader
markets and ended the session with a loss of more than half a
percent over its previous close.
Post forming a ‘Gravestone Doji’ candlestick pattern on the
weekly chart, the Nifty Bank index inaugurated the week with a
bearish candle on the daily chart which triggers a corrective move
of the recent uptrend. Going ahead with the recent bearish
momentum the bank index may further slide towards 26670-
26450 levels. On the higher side 27000-27085 may act as stiff
resistance. Traders are advised to remain light and avoid taking
undue risk.
Key Levels
Support 1 - 26670
Resistance 1 -
27000
Support 2 - 26450
Resistance 2 -
27085
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Technical & Derivatives Report
December 26, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.96%.
Bank Nifty futures open interest has decreased by 1.80%
as market closed at 10663.50 levels.
The Nifty December future closed with a premium of
18.40 points against a premium of 13.50 points in last
trading session. The January series closed at a premium
of 63.00 points.
The INDIA VIX has decreased from 15.99 to 15.75.
At the same time, the PCR-OI of Nifty has decreased
from 1.28 to 1.26.
Few of the liquid counters where we have seen high cost
of carry are CGPOWER, JPASSOCIAT, DISHTV,
CASTROLIND and JUBLFOOD.
Views
OI Gainers
FIIs were net seller in cash market segment to the tune of
OI
PRICE
SCRIP
OI
PRICE
Rs. 577 crores. In index futures segment, they bought of
CHG. (%)
CHG. (%)
Rs. 205 crores with fall in open interest, indicating short
SRF
803000
27.16
1972.35
-8.30
covering took place in yesterday’s trading session.
ENGINERSIN
9210700
21.29
125.95
1.94
In options front, they bought of Rs. 1688 crores with rise
PIDILITIND
3655000
18.92
1118.90
-2.05
in open interest. As far as Nifty options activities are
CHENNPETRO
1351500
18.02
279.50
-0.54
considered, we saw massive build-up in 10700-10850
JUBLFOOD
2488000
17.50
1218.95
-7.08
call options. Meanwhile, put writer of 10800-11000
VGUARD
3771000
17.37
232.85
2.06
strikes ran for shelter seeing consistent selling pressure
TATAGLOBAL
15018750
16.15
219.05
1.21
for the second day. Now, Maximum open interest for
IDEA
163130000
15.56
37.35
-2.22
December series now stands at 11000 call and 10000
put options.
On Monday, index extended its pain to plunge below the
OI Losers
crucial support of 10700-10750 on the closing basis. We
OI
PRICE
SCRIP
OI
PRICE
witnessed some fresh shorting in Nifty and BankNifty. At
CHG. (%)
CHG. (%)
ALBK
20284000
-9.74
45.80
-2.03
the same time, we also saw massive writing in 10700
BERGEPAINT
2384800
-8.98
323.50
-1.96
call options, which may now act as an immediate hurdle
UJJIVAN
4680000
-8.96
272.35
-0.80
for the index. At present, unless we don’t see index
DCBBANK
4621500
-8.39
164.30
-0.39
sustaining above 10700 one should avoid any fresh
longs in system and prefer trading in individual counters.
VOLTAS
6041000
-7.80
555.20
-2.61
CAPF
5007300
-7.53
593.55
-0.08
SYNDIBANK
24063000
-6.98
37.65
0.40
JUSTDIAL
2648800
-6.94
479.95
-1.00
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SRF
55.28
NIFTY
1.26
0.84
JSWSTEEL
40.31
BANKNIFTY
0.81
0.99
JUBLFOOD
60.75
RELIANCE
0.44
0.59
JPASSOCIAT
71.44
ICICIBANK
0.56
0.52
CEATLTD
43.27
INFY
0.59
0.41
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Technical & Derivatives Report
December 26, 2018
FII Statistics for December 24, 2018
Turnover on December 24, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
9835.39
9630.20
205.19
397113
30276.46
(2.23)
434361
31471.43
5.51
FUTURES
FUTURES
INDEX
INDEX
106603.72
104915.23
1688.49
912435
67271.37
1.91
11852158
748995.12
-4.21
OPTIONS
OPTIONS
STOCK
39113.39
39759.20
(645.81)
1485934
87876.65
1.77
STOCK
FUTURES
1839967
106807.00
22.77
FUTURES
STOCK
STOCK
6415.11
6601.04
(185.93)
164311
9140.32
(0.68)
858023
51162.58
-14.22
OPTIONS
OPTIONS
Total
161967.61
160905.67
1061.94
2959793
194564.79
1.12
TOTAL
74455
700968
-2.08
Nifty Spot = 10663.50
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
45.90
Buy
10700
70.45
29.50
70.50
10729.50
38.80
61.20
10661.20
Sell
10800
16.40
Sell
10600
31.65
Buy
10700
45.90
Buy
10700
70.45
40.15
159.85
10740.15
56.40
-356.40
10643.60
Sell
10900
5.75
Sell
11000
14.05
Buy
10800
16.40
Buy
10600
31.65
10.65
89.35
10810.65
17.60
-417.60
10582.40
Sell
10900
5.75
Sell
11000
14.05
Note: Above mentioned Bullish or Bearish Spreads in Nifty (December Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
December 26, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
354
357
362
366
371
ASIANPAINT
1,328
1,342
1,366
1,380
1,404
AXISBANK
605
610
619
624
632
BAJAJ-AUTO
2,641
2,683
2,758
2,800
2,875
BAJFINANCE
2,522
2,544
2,574
2,596
2,626
BAJAJFINSV
6,176
6,225
6,309
6,359
6,443
BPCL
356
360
368
373
381
BHARTIARTL
301
305
309
313
317
INFRATEL
248
255
263
270
278
CIPLA
510
514
518
522
525
COALINDIA
243
245
250
253
257
DRREDDY
2,555
2,578
2,600
2,623
2,645
EICHERMOT
22,846
23,028
23,302
23,484
23,757
GAIL
336
342
346
352
356
GRASIM
789
799
814
823
838
HCLTECH
922
930
943
951
964
HDFCBANK
2,061
2,071
2,087
2,097
2,114
HDFC
1,861
1,882
1,918
1,939
1,975
HEROMOTOCO
3,055
3,112
3,206
3,263
3,357
HINDALCO
213
215
220
222
227
HINDPETRO
239
243
248
252
257
HINDUNILVR
1,756
1,770
1,792
1,807
1,829
IBULHSGFIN
796
808
821
833
846
ICICIBANK
348
350
354
356
359
IOC
130
133
137
139
143
INDUSINDBK
1,534
1,548
1,570
1,584
1,605
INFY
641
645
652
656
663
ITC
272
274
277
279
283
JSW STEEL
280
286
297
303
315
KOTAKBANK
1,212
1,225
1,234
1,248
1,257
LT
1,382
1,394
1,411
1,422
1,440
M&M
768
778
785
796
803
MARUTI
7,406
7,468
7,532
7,593
7,657
NTPC
142
144
147
150
153
ONGC
146
147
148
149
151
POWERGRID
190
192
195
197
200
RELIANCE
1,076
1,083
1,093
1,099
1,110
SBIN
288
290
293
295
298
SUNPHARMA
415
420
427
431
439
TCS
1,887
1,903
1,921
1,937
1,955
TATAMOTORS
168
170
174
176
180
TATASTEEL
507
510
515
519
524
TECHM
684
691
698
705
712
TITAN
857
868
886
897
914
ULTRACEMCO
3,838
3,878
3,944
3,984
4,050
UPL
708
722
735
749
762
VEDANTA
194
195
197
199
201
WIPRO
317
322
326
331
335
YESBANK
179
181
183
185
187
ZEEL
426
431
441
446
455
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Technical & Derivatives Report
December 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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