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Technical & Derivatives Report
December 27, 2019
Sensex (
41164
) / Nifty
2126
)
Post the mid-week holiday, the index started the session on a
flat note. However, the F&O expiry session witnessed selling
pressure from the start and it crept lower throughout the
session to end with a loss of about three-fourth of a percent.
Post the recent sharp run up, the index has witnessed some
correction in last two trading sessions. However, there are no
signs of reversal of the primary trend and hence, this could be
considered as a correction within an uptrend. The immediate
support for Nifty is placed around 12090-12050 and this
correction could be seen as a buying opportunity again.
Infact, certain cash stocks witnessed good momentum
yesterday as the midcap index showed relative
outperformance. In the last week of the year, we usually see
good moves in such cash stocks and thus, swing traders
should look to focus on such prepositions which could provide
better trading opportunities. The intraday resistance for Nifty
could be seen around 12200-12250.
Key Levels
Support 1 – 12090 Resistance 1 – 12200
Support 2 – 12050 Resistance 2 – 12250
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
31998
)
The bank index too started on a flat opening and on the F&O
expiry session slide lower throughout the session to end with a
loss of around 0.88% tad below 32000 mark.
The week so far has been more of a price-wise correction as
the bank index has erased around 500 points from its recent
all-time high of 32502.80. Technically, there are no signs of
trend reversal and the primary trend remains bullish. We
sense prices are just retracing its previous up move before
resuming uptrend and hence dip can be taken as a buying
opportunity. As far as levels are concerned, immediate support
is placed around 31800 which is formed by trend line joining
higher bottoms whereas strong support is placed around
31570 levels. On the flip side,immediate resistance is placed
around 32240 and 32500 levels. Traders are advised to focus
on individual stocks which are likely to provide better trading
opportunities.
Key Levels
Support 1 – 31800 Resistance 1 – 32240
Support 2 – 31570 Resistance 2 – 32500
Exhibit 2: Nifty Bank Daily Chart
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Technical & Derivatives Report
December 27, 2019
Nifty Vs OI
Views
The profit booking continued for yet another day. we
once again started-off the session on a flat note in
absence of any major triggers in the global market and
witnessed follow-up selling for the remaining part of
the day. Eventually, we concluded the last series of the
calendar year 2019 almost flat and slightly below
12100 mark.
FIIs were net sellers in the cash market segment to the
tune of Rs. 504 crores. In index futures, they sold worth
Rs. 1083 crores with good amount of fall in open
interest, mainly due to expiry.
During the start of December series, we witnessed
some correction; but this fall wasn’t supported by any
shorts in the futures segment. In the recovery seen
thereafter, good amount of long position but few of
them were rolled over to the next series. Rollover in
Nifty stood at 70.44%; which is on the lower side as
compared to last series. At present, 12000 put options
hold maximum open interest concentration for the
coming monthly option series, suggesting a strong base
around 12000-12100. Hence, until we sustain above
these support zone, one should avoid any short-selling.
Comments
The Nifty futures open interest has decreased by 23.48%
Bank Nifty futures open interest has decreased 30.36%
as market closed at 12126.55 levels.
The Nifty January future closed with a premium of 69.20
points against a premium of 79.20 points in last trading
session. The February series closed at a premium of
109.35 points.
The INDIA VIX has decreased from 11.62 to 11.12.
At the same time, the PCR-OI of Nifty has decreased
from 1.48 to 1.31.
Few of the liquid counters where we have seen high cost
of carry are DISHTV, NBCC, RELIANCE, GODREJCP and
IDEA.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
CANBK 11258000 7.66 220.25 -2.38
TATACHEM 2797200 7.43 668.60 -1.71
RELIANCE 53994500 3.93 1515.40 -1.98
SAIL 90416300 2.09 42.40 3.26
ASIANPAINT 8599800 1.49 1809.60 0.13
HDFCBANK 31105000 1.31 1270.45 -1.50
SUNPHARMA 64133750 1.14 422.15 -1.55
SRF 741000 1.02 3413.85 1.72
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
POWERGRID 14308000 -52.25 184.85 -1.09
INFY 24351600 -50.14 728.95 -0.67
NTPC 34444800 -35.99 116.40 0.00
WIPRO 18211200 -33.09 250.30 -0.26
RECLTD 16386000 -32.93 138.45 0.83
NMDC 20478000 -29.56 126.25 1.20
HINDPETRO 18030600 -28.28 258.60 -1.33
GMRINFRA 154530000 -28.14 21.20 -0.93
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.31 0.92
BANKNIFTY 1.17 0.91
RELIANCE 0.62 0.69
ICICIBANK 0.64 0.48
INFY 0.74 0.63
Historical Volatility
SCRIP HV
SRF 27.25
HDFCBANK 18.21
MINDTREE 30.08
ICICIPRULI 19.18
LT 22.69
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Technical & Derivatives Report
December 27, 2019
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Spot
=
1
2126
.55
Lot Size = 75
FII Statistics for
December
26, 2019
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
5369.57 6452.27 (1082.70) 121838 10576.24 (37.68)
INDEX
OPTIONS
268767.27 264898.22 3869.05
416635 36150.33 (37.23)
STOCK
FUTURES
21138.61 21413.27 (274.66) 1418926 94948.08 (5.64)
STOCK
OPTIONS
1449.69 1416.23 33.46
13474 837.31 (67.03)
Total 296725.14
294179.99
2545.15
1970873
142511.96
(18.01)
Turnover on
December
26
, 2019
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
400695 31674.44 42.67
INDEX
OPTIONS
33846556 2374741.00 164.00
STOCK
FUTURES
1519031 95120.76 -11.86
STOCK
OPTIONS
706585 45335.03 -11.51
TOTAL 3,64,72,867
2546871.23 135.63
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 12100 224.90
58.55 41.45 12158.55
Sell 12200 166.35
Buy 12100 224.90
109.25 90.75 12209.25
Sell 12300 115.65
Buy 12200 166.35
50.70 49.30 12250.70
Sell 12300 115.65
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 12100 128.15
30.95 69.05 12069.05
Sell 12000 97.20
Buy 12100 128.15
56.65 143.35 12043.35
Sell 11900 71.50
Buy 12000 97.20
25.70 74.30 11974.30
Sell 11900 71.50
Nifty Put-Call Analysis
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December 27, 2019
Da
ily
Pivot
Levels for Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 357 360
365 369 374
ASIANPAINT 1,786 1,798
1,809 1,821 1,831
AXISBANK 730 733
737 740 744
BAJAJ-AUTO 3,189 3,210
3,224 3,245 3,259
BAJFINANCE 4,109 4,148
4,172 4,211 4,235
BAJAJFINSV 9,242 9,296
9,344 9,398 9,446
BPCL 468 473
479 483 489
BHARTIARTL 440 444
450 454 461
INFRATEL 247 252
256 261 265
BRITANNIA 3,014 3,038
3,078 3,102 3,142
CIPLA 466 470
476 480 487
COALINDIA 192 195
198 201 204
DRREDDY 2,825 2,845
2,880 2,900 2,935
EICHERMOT 21,750 21,898
22,049 22,197 22,348
GAIL 116 117
119 120 121
GRASIM 727 732
739 744 751
HCLTECH 556 558
562 564 567
HDFCBANK 1,248 1,259
1,276 1,287 1,303
HDFC 2,388 2,401
2,417 2,430 2,446
HEROMOTOCO 2,410 2,424
2,440 2,454 2,469
HINDALCO 212 214
216 217 219
HINDUNILVR 1,930 1,938
1,946 1,953 1,962
ICICIBANK 535 537
540 542 544
IOC 123 124
126 127 129
INDUSINDBK 1,492 1,504
1,517 1,528 1,542
INFY 722 725
730 733 738
ITC 234 236
238 239 241
JSW STEEL 264 267
269 272 275
KOTAKBANK 1,674 1,684
1,700 1,710 1,725
LT 1,258 1,269
1,288 1,298 1,317
M&M 521 525
531 534 540
MARUTI 7,147 7,194
7,269 7,316 7,390
NESTLEIND 14,470 14,535
14,625 14,690 14,780
NTPC 112 114
116 118 121
ONGC 122 125
127 130 132
POWERGRID 182 183
185 187 189
RELIANCE 1,483 1,499
1,526 1,542 1,569
SBIN 325 327
330 333 336
SUNPHARMA 414 418
425 429 435
TCS 2,175 2,188
2,209 2,222 2,243
TATAMOTORS 173 174
175 176 177
TATASTEEL 459 463
468 472 477
TECHM 762 766
773 777 784
TITAN 1,176 1,184
1,199 1,207 1,222
ULTRACEMCO 4,003 4,033
4,079 4,109 4,155
UPL 560 565
571 576 582
VEDANTA 145 148
150 153 155
WIPRO 248 249
251 252 254
YESBANK 46 47
50 51 53
ZEEL 288 293
296 301 304
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Technical & Derivatives Report
December 27, 2019
*
Research Team Tel: 022
-
39357800
Website:
www.angelbroking.com
For Technical Queries E-mail: technicalresearch[email protected]elbroking.com
For Derivatives Queries E-mail: derivatives.des[email protected]elbroking.com
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