Technical & Derivatives Report
November 28, 2018
Sensex (35513) / Nifty (10686)
Exhibit 1: Nifty Daily Chart
Despite SGX Nifty indicating a weak start, our markets managed
to open flat and then consolidated in a small range for some
time. However, similar to Monday, post the midsession, we saw
buying emerging at lower levels which extended the previous
day’s up move towards the 10700 mark.
On Monday, the breakout from ‘Falling Wedge’ was confirmed
and the positive impact of this was visible thereafter. Considering
this development, we had advised buying any possible decline in
the zone of 10600 - 10570. Yesterday, in the initial trades, we
saw index declining in this zone and then once again buying
momentum emerged in the latter half to head towards the 10700
mark. Going ahead, we would expect continuation of this move
towards the recent hurdles of 10740 - 10775. Traders holding
existing longs are advised to take some money off the table once
index enters this zone and then wait for further developments to
happen. On the flipside, 10630 followed by 10590 would be
seen as immediate supports.
The banking index clearly has been the major driver in last two
days’ move and along with that the recent laggard IT basket has
managed to infuse some strength. Since, the broader market saw
good traction throughout the day; it would be a prudent ploy to
stick to stock specific approach.
Key Levels
Support 1 - 10630
Resistance 1 -
10740
Support 2 - 10590
Resistance 2 -
10775
Nifty Bank Outlook - (26443)
Exhibit 2: Nifty Bank Daily Chart
In line with the benchmark Index, the Bank Nifty Index too
witnessed a flat opening and post-trading in a range witnessed
an up move in the second half to eventually end with gains of
0.29% tad below 26450 levels.
Even though the Bank Index ended with minor gains; the
individual stocks within the sector showed outperformance and
going ahead as we are near the F&O expiry individual stocks may
continue to outperform. Traders are hence advised to focus on
the individual stocks within the sector with a positive bias as they
are likely to provide better trading opportunity. As far as levels are
26600 - 26800 are immediate resistance whereas 26240-26200
is immediate support zone
Key Levels
Support 1 - 26240
Resistance 1 -
26600
Support 2 - 26200
Resistance 2 -
26800
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Technical & Derivatives Report
November 28, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 2.42%.
Bank Nifty futures open interest has increased by 4.49%
as market closed at 10685.60 levels.
The Nifty November future closed with a discount of 0.75
points against a premium of 10.60 points in last trading
session. The December series closed at a premium of
37.25 points.
The INDIA VIX has decreased from 20.40 to 18.31.
At the same time, the PCR-OI of Nifty has increased from
1.64 to 1.74.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, SREINFRA, HCC, PAGEIND
and IFCI.
Views
FIIs were net buyers in cash market segment to the tune
OI Gainers
of Rs. 812 crores. In index futures segment, they sold of
OI
PRICE
Rs. 705 crores in index futures fall in open interest,
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
indicating some profit booking took place in yesterday’s
IOC
62334000
30.04
138.45
1.09
session.
TATACHEM
3669000
20.02
709.05
1.37
In options front, they sold of Rs. 667 crores with some
GODFRYPHLP
718200
19.58
886.95
3.56
fall in open interest. As far as Nifty options activities are
ONGC
57097500
18.96
146.10
-0.20
considered, except for some build-up in 10750 call
COLPAL
1684200
17.48
1238.65
3.01
options we saw good amount of unwinding in 10500-
NTPC
54152000
15.62
145.75
0.76
10800 and 11000 strikes. On the flip side, decent
EXIDEIND
8240000
14.54
259.05
1.85
positions were formed in 10550-10700 put options.
IDEA
152271000
13.64
38.75
-2.88
Now, Maximum open interest for November series now
stands at 11000 followed by 10700 call and 10500
followed by 10000 put options.
OI Losers
Similar to Monday’s trading session; we saw lack of
OI
PRICE
SCRIP
OI
PRICE
momentum in the initial part of the day but strong buying
CHG. (%)
CHG. (%)
interest in the latter half led yesterday’s closing with the
GRANULES
5545000
-36.81
88.10
-2.81
gains of another 0.54%. We saw addition of long
HCC
9128665
-34.34
12.35
6.90
positions in BankNifty; whereas, short covering took
INDIACEM
19083500
-11.54
90.95
0.66
place in the benchmark index. In addition, good amount
ORIENTBANK
11458000
-10.67
89.70
1.24
of writing also took place in 10600 and 10700 put
DHFL
21493500
-10.30
222.00
0.51
strikes along with unwinding in OTM call strikes.
JETAIRWAYS
5380600
-10.28
293.60
-1.14
Considering the above data points, we expect extension
SIEMENS
2931600
-8.87
905.85
-0.58
of recent upmove towards 10750-10800.
APOLLOTYRE
11874000
-8.55
230.10
2.36
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
COLPAL
31.88
NIFTY
1.74
0.97
PEL
67.55
BANKNIFTY
1.37
1.03
VGUARD
33.20
RELIANCE
0.61
0.55
HEROMOTOCO
44.55
ICICIBANK
0.65
0.54
HCC
78.44
INFY
0.73
0.46
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Technical & Derivatives Report
November 28, 2018
FII Statistics for November 27, 2018
Turnover on November 27, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
9462.06
10166.73
(704.67)
449505
34374.02
(2.23)
493147
33943.35
20.30
FUTURES
FUTURES
INDEX
INDEX
121377.09
122043.73
(666.64)
1016480
74558.33
(3.49)
13126783
800454.27
29.79
OPTIONS
OPTIONS
STOCK
38013.11
38115.85
(102.74)
1492627
86574.36
1.28
STOCK
FUTURES
1922740
107386.33
38.75
FUTURES
STOCK
STOCK
8531.83
8606.18
(74.35)
174780
10347.87
(0.87)
1011498
58041.21
7.75
OPTIONS
OPTIONS
Total
177384.09
178932.49
(1548.40)
3133392
205854.58
(0.94)
TOTAL
74455
700968
28.81
Nifty Spot = 10685.60
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10700
38.60
Buy
10700
52.75
30.15
69.85
10730.15
31.10
68.90
10668.90
Sell
10800
8.45
Sell
10600
21.65
Buy
10700
38.60
Buy
10700
52.75
37.10
162.90
10737.10
43.85
156.15
10656.15
Sell
10900
1.50
Sell
10500
8.90
Buy
10800
8.45
Buy
10600
21.65
6.95
93.05
10806.95
12.75
87.25
10587.25
Sell
10900
1.50
Sell
10500
8.90
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
November 28, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
359
364
368
374
378
ASIANPAINT
1,317
1,328
1,337
1,349
1,358
AXISBANK
613
619
629
635
645
BAJAJ-AUTO
2,532
2,566
2,605
2,639
2,678
BAJFINANCE
2,352
2,394
2,417
2,459
2,482
BAJAJFINSV
5,660
5,770
5,840
5,950
6,020
BPCL
317
326
331
341
346
BHARTIARTL
318
323
329
335
341
INFRATEL
255
259
264
269
273
CIPLA
505
511
519
525
533
COALINDIA
248
250
252
254
256
DRREDDY
2,517
2,553
2,578
2,614
2,639
EICHERMOT
23,349
23,578
23,809
24,038
24,269
GAIL
335
341
346
352
356
GRASIM
831
846
854
869
877
HCLTECH
979
1,001
1,015
1,037
1,051
HDFCBANK
2,030
2,047
2,058
2,074
2,085
HDFC
1,855
1,878
1,894
1,917
1,932
HEROMOTOCO
2,869
2,914
2,994
3,039
3,119
HINDALCO
209
214
219
224
228
HINDPETRO
237
242
245
249
253
HINDUNILVR
1,696
1,715
1,728
1,747
1,760
IBULHSGFIN
676
687
701
712
726
ICICIBANK
350
352
354
357
359
IOC
133
136
138
140
142
INDUSINDBK
1,532
1,560
1,577
1,605
1,622
INFY
619
629
635
645
651
ITC
281
283
285
287
288
JSW STEEL
292
302
309
319
326
KOTAKBANK
1,156
1,165
1,172
1,181
1,188
LT
1,408
1,420
1,427
1,439
1,446
M&M
732
742
748
758
764
MARUTI
7,445
7,546
7,602
7,703
7,759
NTPC
142
144
145
147
149
ONGC
142
144
146
148
150
POWERGRID
178
180
183
185
187
RELIANCE
1,097
1,112
1,121
1,137
1,146
SBIN
282
285
288
292
294
SUNPHARMA
451
472
496
517
541
TCS
1,812
1,851
1,875
1,914
1,937
TATAMOTORS
175
178
181
184
187
TATASTEEL
504
513
522
531
539
TECHM
673
683
696
707
719
TITAN
901
908
913
920
925
ULTRACEMCO
3,916
3,961
3,995
4,039
4,074
UPL
746
757
765
777
785
VEDANTA
185
190
195
200
204
WIPRO
304
308
315
319
326
YESBANK
172
177
186
191
199
ZEEL
448
454
458
464
469
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Technical & Derivatives Report
November 28, 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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