Technical & Derivatives Report
November 28, 2017
Sensex (33724) / Nifty (10400)
Exhibit 1: Nifty Daily Chart
Last Friday, we saw some positive moves in anticipation of
Standard and Poor’s (S&P) upgrading India’s rating; but, a
final outcome of ‘Status Quo’ poured some water on traders’
enthusiasm, which eventually resulted into a gap down
opening yesterday with a small margin. However, a smart
recovery towards the fag end led to a flat close around the
10400 mark.
Barring last couple of hours, the entire day’s activity was quite
lackluster as the index remained in a small range for the
major part. However, a strong buying interest in the latter half
pulled the index higher and has shown some encouraging
signs for the forthcoming day. Since the mentioned level of
10405 remains intact, we would continue to see how price
action pans out today. The bullish momentum can be
witnessed only above this key level of 10405. On the flipside,
10350 - 10307 would now be seen as an immediate support
zone.
Key Levels
Support 1 - 10350
Resistance 1 - 10405
Support 2 - 10307
Resistance 2 - 10467
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (25892)
In yesterday's trading session, the Nifty Bank index opened
marginally negative. The index then traded in a narrow range for
most part of the session and rallied higher in the last hour.
As we have mentioned in our yesterday's outlook, a directional
move in the Nifty Bank index could be expected soon as the
bands on the prices have narrowed significantly. The resistance
end of the recent consolidation is placed around 25925 and a
breakout from the same could lead to a positive momentum. The
recent gap area of 25680-25495 is a support range for the Nifty
Bank index. Traders should be observant on the mentioned levels
and trade in the direction of the breakout.
Key Levels
Support 1 - 25680
Resistance 1 - 25925
Support 2 - 25495
Resistance 2 - 26000
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Technical & Derivatives Report
November 28, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.70%
BankNifty futures open interest has decreased by 1.52%
as market closed at 10399.55 levels.
The Nifty November future closed with a premium of
18.95 points against a premium of 19.65 points in last
trading session. The December series closed at a
premium of 57.65 points.
The INDIA VIX has decreased from 13.51 to 13.03. At
the same time, the PCR-OI of Nifty has decreased from
1.46 to 1.45 level.
Few of the liquid counters where we have seen high cost
of carry are RCOM, JUSTDIAL, TATAPOWER, INFIBEAM
and RNAVAL.
Views
FIIs were net sellers in cash market segment and index
futures. They sold equities to the tune of Rs. 425 crores.
OI Gainers
While, they were marginal sellers in index futures with
OI
PRICE
rise in open interest, suggesting some short formation
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
took place in yesterday’s trading session.
VOLTAS
3989000
21.36
648.95
3.87
In index options front, they were net buyers of worth
NIITTECH
1044000
14.85
642.25
-2.84
Rs. 1347 crores with rise in open interest. In call options,
TV18BRDCST
94299000
13.85
55.35
9.60
we saw some fresh open interest addition in 10550 and
IDBI
28704000
13.69
62.35
0.40
10600 strikes; however, decent unwinding took place in
PNB
49920000
12.82
186.50
-0.05
10300-10500 call options. On the flip side, we
DCBBANK
5994000
11.19
190.40
1.60
witnessed huge build-up in 10400 put options along with
BPCL
13273200
10.13
507.20
-0.46
some build-up in
10100 and
10350 strikes. The
AMARAJABAT
2068900
9.92
797.85
0.94
maximum concentration of open interest remains intact
at 10500 call and 10300 put options.
OI Losers
The index has consolidated in a tight range since past
OI
PRICE
few days. As far as FIIs activities are concerned, we are
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
seeing mixed activity from their end in index futures.
SYNDIBANK
23886000
-12.03
94.40
-0.26
However, they continue selling equities and stock futures.
JETAIRWAYS
6265200
-11.19
641.15
-2.11
Yesterday, they also bought good amount of index put
IBREALEST
30907500
-10.47
221.05
6.07
options. Now, options activity suggest index to remain in
PCJEWELLER
15222000
-8.45
405.80
5.51
a range of
10300-10450 for current expiry. Thus,
BATAINDIA
2523400
-7.72
754.15
1.75
traders are advised to remain light in index and prefer
JISLJALEQS
46143000
-6.80
116.95
3.09
stock centric approach for remaining part of November
GODREJCP
2251200
-6.26
949.40
-2.37
series.
MCX
2639500
-5.88
971.85
2.17
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MINDTREE
44.69
NIFTY
1.45
0.90
MOTHERSUMI
31.69
BANKNIFTY
1.20
0.85
DALMIABHA
37.00
SBIN
0.73
0.57
NTPC
24.87
YESBANK
0.33
0.25
TV18BRDCST
72.36
RELIANCE
0.59
0.60
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Technical & Derivatives Report
November 28, 2017
FII Statistics for November 27, 2017
Turnover on November 27, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3879.98
3975.37
(95.39)
348445
28375.76
2.79
223659
19023.87
34.41
FUTURES
FUTURES
INDEX
INDEX
45189.39
43842.80
1346.58
1230912
99499.39
1.60
5031699
438188.60
40.73
OPTIONS
OPTIONS
STOCK
16835.14
16847.94
(12.81)
1002454
70504.17
(0.68)
STOCK
FUTURES
1070857
76812.48
56.50
FUTURES
STOCK
STOCK
6120.65
6081.23
39.42
128061
9212.99
(1.96)
497173
37811.10
10.26
OPTIONS
OPTIONS
Total
72025.16
70747.35
1277.81
2709872
207592.31
0.72
TOTAL
6823388
571836.05
39.85
Nifty Spot = 10399.55
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10400
54.90
Buy
10400
34.40
38.90
61.10
10438.90
21.70
78.30
10378.30
Sell
10500
16.00
Sell
10300
12.70
Buy
10400
54.90
Buy
10400
34.40
51.80
148.20
10451.80
29.35
170.65
10370.65
Sell
10600
3.10
Sell
10200
5.05
Buy
10500
16.00
Buy
10300
12.70
12.90
87.10
10512.90
7.65
92.35
10292.35
Sell
10600
3.10
Sell
10200
5.05
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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November 28, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
394
397
401
403
407
AMBUJACEM
259
261
263
265
268
ASIANPAINT
1,140
1,148
1,154
1,162
1,168
AUROPHARMA
704
712
718
725
731
AXISBANK
533
546
554
567
575
BAJAJ-AUTO
3,239
3,255
3,272
3,288
3,305
BAJFINANCE
1,755
1,764
1,774
1,783
1,793
BPCL
498
503
507
512
516
BHARTIARTL
487
493
496
502
505
INFRATEL
375
381
384
390
394
BOSCHLTD
18,669
18,799
18,933
19,063
19,197
CIPLA
606
611
615
619
624
COALINDIA
268
270
271
273
274
DRREDDY
2,268
2,282
2,294
2,307
2,319
EICHERMOT
30,445
30,600
30,850
31,005
31,254
GAIL
459
463
467
471
474
HCLTECH
849
855
859
865
869
HDFCBANK
1,839
1,848
1,855
1,865
1,871
HDFC
1,693
1,702
1,708
1,717
1,723
HEROMOTOCO
3,616
3,639
3,655
3,678
3,694
HINDALCO
244
247
250
253
257
HINDPETRO
416
420
424
428
433
HINDUNILVR
1,243
1,252
1,259
1,268
1,276
IBULHSGFIN
1,157
1,169
1,176
1,189
1,196
ICICIBANK
311
314
316
319
321
IOC
385
389
392
396
399
INDUSINDBK
1,637
1,649
1,660
1,672
1,683
INFY
986
992
1,000
1,006
1,013
ITC
256
258
259
261
262
KOTAKBANK
1,016
1,026
1,034
1,044
1,052
LT
1,206
1,215
1,225
1,234
1,244
LUPIN
825
828
831
835
838
M&M
1,414
1,423
1,433
1,442
1,452
MARUTI
8,413
8,461
8,493
8,540
8,572
NTPC
177
182
184
189
192
ONGC
180
182
183
185
186
POWERGRID
206
208
210
212
214
RELIANCE
937
944
951
958
964
SBIN
325
330
334
339
343
SUNPHARMA
532
542
548
558
564
TCS
2,648
2,667
2,681
2,700
2,715
TATAMOTORS
414
418
421
425
428
TATASTEEL
694
698
704
708
713
TECHM
488
493
497
502
506
ULTRACEMCO
4,174
4,223
4,254
4,303
4,334
UPL
732
744
752
763
771
VEDANTA
299
302
305
309
312
WIPRO
289
292
294
296
298
YESBANK
307
311
314
318
320
ZEEL
548
562
571
584
594
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Technical & Derivatives Report
November 28, 2017
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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