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Technical & Derivatives Report
November 2
7
, 2019
Sensex (
) / Nifty
(1
2038
)
Nifty opened on a positive note yesterday and registered a new
all-time high in the opening ticks itself. Post consolidating in a
narrow range, the index gave up the gains in last couple of hours
and ended the session with a marginal loss of over a quarter of a
percent.
Post a breakout from a consolidation phase on the opening day
of the week, the index registered a new all-time high at the
opening in yesterday’s session. However, the party did not last
throughout the day as the broader markets witnessed some profit
booking in the last couple of hours and hence the index gave up
all its morning gains. Since there are no signs of reversal, we
interpret this just as a normal profit booking. The near term trend
continues to be positive and hence, we continue with our
optimistic stance and advice traders to avoid taking contra bets
and trade with a positive bias. The immediate support for Nifty is
placed in the range of 12000-11950 followed by 11880 whereas
the potential near term targets for the Nifty are seen around
12180 and 12290.
Key Levels
Support 1 – 12000 Resistance 1 – 12180
Support 2 – 11950 Resistance 2 – 12290
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
31
718
)
Following the positive momentum from the previous session, Bank
Nifty Index started on a positive note however along with the
broader markets the banking index as well corrected in the mid-
session. In the last hour however after a knee-jerk fall and
making an intraday low of 31465 the bank index triggered a
smart bounce to mark fresh new high at 31850 before settling
tad above 31700 levels with gains of around half a percent.
On the daily chart, Index has formed a 'Doji' pattern around its
previous swing high however as there are no signs of reversal we
continue with our positive bias. Quite similar to the last few
sessions, the bank nifty outperformed yesterday as compared to
benchmark index nifty and we sense the outperformance to
continue for the near term. Traders are hence advised to focus on
the stocks from the banking space with a positive bias. As far as
levels are concerned, the support level is placed around 31500-
31050 levels on the flip side, 31850-32000 is the immediate
resistance zone in the uncharted territory.
Key Levels
Support 1 – 31350 Resistance 1 – 31850
Support 2 – 31050 Resistance 2 – 32000
Exhibit 2: Nifty Bank Daily Chart
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Technical & Derivatives Report
November 27
, 2019
Nifty Vs OI
Views
Post Tuesday’s upmove, we started off yesterday’s
session on a positive note and follow-up buying
thereafter led index hitting fresh record highs. In the
latter half, due to sharp profit booking index corrected
towards 12000 mark. However, due to some respite
Nifty concluded the session with a cut of 0.30%.
FIIs were net buyers in the cash market segment to the
tune of Rs. 4677 cr. In index futures, they sold worth
Rs. 3934 crores with rise in open interest, indicating
addition of fresh long positions in the previous trading
session.
As far as open interest activities in index futures are
concerned, we witnessed addition of fresh positions in
both the indices and we believe majority of them are
on long side. In options front, the call writers of 11900-
12000 covered their positions and fresh positions were
formed in 12050-12300 strikes. On the other side, due
to profit booking in second half 11900-12000 put
writers covered their positions. Considering FIIs buying
and the surge in future premiums, we expect
continuation of recent upmove towards 12200-12300.
Comments
The Nifty futures open interest has increased by 17.37%
Bank Nifty futures open interest has increased 11.10% as
market closed at 12037.70 levels.
The Nifty October future closed with a premium of 37.50
points against a premium of 22.55 points in last trading
session. The November series closed at a premium of
82.65 points.
The INDIA VIX has decreased from 15.00 to 14.83.
At the same time, the PCR-OI of Nifty has decreased
from 1.71 to 1.59.
Few of the liquid counters where we have seen high cost
of carry are IDEA, WIPRO, GMRINFRA, BANKINDIA and
TATAMOTORS.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
ICICIBANK 137557750 67.22 510.70 1.58
ICICIPRULI 11458500 33.11 497.00 -2.23
BERGEPAINT 12553200 30.63 490.40 -3.38
MOTHERSUMI 31667500 18.42 133.85 2.48
ONGC 36581950 15.55 130.25 -0.50
CUMMINSIND 2062400 13.57 566.20 -0.92
IGL 7719250 13.41 402.50 0.67
BEL 33762000 12.95 103.15 -3.60
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
BANKINDIA 10056000 -23.15 74.55 0.20
IDFCFIRSTB 222048000 -12.62 43.15 -1.15
EQUITAS 11229500 -11.14 91.70 -0.81
CONCOR 7307025 -9.49 557.15 -0.50
IBULHSGFIN 35959200 -9.45 259.05 -0.31
JUSTDIAL 2914800 -9.44 568.20 2.89
SUNTV 3066200 -8.26 487.60 -0.82
BIOCON 12680700 -7.89 264.35 2.28
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.59 0.95
BANKNIFTY 1.45 0.93
RELIANCE 1.01 0.78
ICICIBANK 0.61 0.49
INFY 0.46 0.59
Historical Volatility
SCRIP HV
WIPRO 21.73
BEL 37.42
MINDTREE 23.71
POWERGRID 23.37
MARICO 25.89
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Technical & Derivatives Report
November 27
, 2019
Note: Above mentioned Bullish or Bearish Spreads in Nifty (November Series) are given as an information and not as a recommendation.
Nifty Spot
=
120
37.70
Lot Size = 75
FII Statistics for
November
26
, 2019
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
11289.19 7355.01 3934.18
241169 20460.25 12.35
INDEX
OPTIONS
258444.07 258373.92 70.15
708525 60050.02 3.92
STOCK
FUTURES
45684.24 46461.01 (776.77) 1730254 102311.88 3.06
STOCK
OPTIONS
4509.73 4610.19 (100.46) 76817 4268.48 (10.47)
Total 319927.23
316800.13
3127.10
2756765
187090.63
3.59
Turnover on
November
26
, 2019
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
443146 34858.55 13.63
INDEX
OPTIONS
16015628 1157335.72 26.54
STOCK
FUTURES
2368173 133809.63 46.68
STOCK
OPTIONS
1107085 65005.66 6.38
TOTAL 1,99,34,032
1391009.56 26.73
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 12000 98.75
61.65 38.35 12061.65
Sell 12100 37.10
Buy 12000 98.75
89.35 110.65 12089.35
Sell 12200 9.40
Buy 12100 37.10
27.70 72.30 12127.70
Sell 12200 9.40
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 12000 61.65
36.95 63.05 11963.05
Sell 11900 24.70
Buy 12000 61.65
51.95 148.05 11948.05
Sell 11800 9.70
Buy 11900 24.70
15.00 85.00 11885.00
Sell 11800 9.70
Nifty Put-Call Analysis
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November 27
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Da
ily
Pivot
Levels for Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 363 367
372 376 382
ASIANPAINT 1,668 1,689
1,709 1,730 1,750
AXISBANK 735 744
753 762 771
BAJAJ-AUTO 3,132 3,155
3,192 3,215 3,251
BAJFINANCE 4,033 4,066
4,120 4,153 4,207
BAJAJFINSV 9,017 9,069
9,142 9,194 9,267
BPCL 484 491
500 507 516
BHARTIARTL 419 426
436 443 454
INFRATEL 223 228
236 241 249
BRITANNIA 3,018 3,037
3,060 3,079 3,102
CIPLA 468 473
482 487 496
COALINDIA 193 195
199 201 205
DRREDDY 2,881 2,924
2,949 2,992 3,017
EICHERMOT 22,271 22,538
22,994 23,261 23,717
GAIL 120 123
124 127 128
GRASIM 759 775
800 816 841
HCLTECH 1,078 1,093
1,114 1,129 1,150
HDFCBANK 1,261 1,268
1,274 1,281 1,287
HDFC 2,263 2,284
2,302 2,323 2,341
HEROMOTOCO 2,450 2,472
2,494 2,516 2,537
HINDALCO 194 197
200 202 205
HINDUNILVR 2,009 2,034
2,057 2,082 2,106
ICICIBANK 493 502
510 519 526
IOC 126 128
130 132 134
INDUSINDBK 1,465 1,490
1,506 1,531 1,547
INFY 673 682
695 703 716
ITC 246 248
249 250 252
JSW STEEL 244 249
256 260 267
KOTAKBANK 1,583 1,594
1,602 1,613 1,621
LT 1,347 1,355
1,368 1,375 1,388
M&M 527 533
543 549 559
MARUTI 6,971 7,048
7,161 7,238 7,351
NESTLEIND 14,075 14,300
14,450 14,674 14,825
NTPC 115 116
117 118 120
ONGC 127 129
131 133 135
POWERGRID 190 192
196 198 201
RELIANCE 1,544 1,552
1,564 1,572 1,585
SBIN 329 332
336 339 343
SUNPHARMA 434 442
455 463 476
TCS 1,997 2,022
2,060 2,085 2,123
TATAMOTORS 160 162
164 166 169
TATASTEEL 411 418
423 430 436
TECHM 751 757
763 769 774
TITAN 1,148 1,157
1,171 1,180 1,194
ULTRACEMCO 4,056 4,085
4,117 4,146 4,178
UPL 531 536
544 550 557
VEDANTA 142 143
145 147 149
WIPRO 231 235
240 243 248
YESBANK 59 61
64 66 69
ZEEL 294 307
325 338 356
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Technical & Derivatives Report
November 27
, 2019
*
Research Team Tel: 022
-
39357800
www.angelbroking.com
For Technical Queries E-mail: technicalresearch[email protected]gelbroking.com
For Derivatives Queries E-mail: derivatives.desk@angelbroking.com
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