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Technical & Derivatives Report
November 28, 2019
Sensex (
41021
) / Nifty
2101
)
Our markets opened on a positive note yesterday and traded
with a positive bias to end at 12101.
Post a minor correction in the previous session, the broader
markets resumed its uptrend yesterday to post a cling of
12100 for the first time ever. Clearly the momentum still
continues to be positive as there are many stocks within the
broader markets which have been witnessing upmoves with
good volumes. Hence, we continue with our optimistic view on
the markets and advise traders to trade with a positive bias.
The near term targets for the Nifty are seen around 12180
and 12290 whereas 12000-11960 is the immediate support
range.
Key Levels
Support 1 – 12000 Resistance 1 – 12180
Support 2 – 11960 Resistance 2 – 12290
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
31876
)
Bank Nifty Index too started on a positive note and after
trading in a slender range ended with gains of 0.50% to close
at 31876.
On the daily chart, Bank Nifty Index has closed above its
previous swing high around 31780 formed in the month of
May. The bias hence continues to be positive and traders are
advised to go with this flow. On the F&O expiry session, we
may see stock specific action and hence traders are advised to
focus on individual stock within the basket which are giving
outperforming opportunities. As far as levels are concerned,
immediate support is placed around 31700-31450 whereas
resistance in the unchartered territory is placed around 32000
– 32180 levels.
Key Levels
Support 1 – 31700 Resistance 1 – 32000
Support 2 – 31450 Resistance 2 – 32180
Exhibit 2: Nifty Bank Daily Chart
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November 28, 2019
Nifty Vs OI
Views
We had a positive start yesterday and fresh buying
interest was witnessed as the day progressed to
eventually conclude the day with a gain of half a
percent.
FIIs were marginal buyers in the cash market segment.
In index futures, they sold worth Rs. 370 crores with rise
in open interest, indicating addition of some short
positions in the previous trading session.
As far as open interest activities in index futures are
concerned, we hardly saw any relevant build-up in both
Nifty as well as BankNifty. In options front, the call
writers of 12000-12050 covered their positions and
fresh positions were formed in 12150-12200 strikes.
On the other side, put writers added good amount of
positions in 12050 and 12100 strikes. Rollover in Nifty
one day ahead the expiry stood at 63%, which is on the
higher side and hence we believe longs formed in
November series are being rolled over. Considering
above data points, we expect the continuation of this
rally towards 12200-12300 going ahead.
Comments
The Nifty futures open interest has decreased by 1.63%
Bank Nifty futures open interest has decreased 0.03% as
market closed at 12100.70 levels.
The Nifty November future closed with a premium of
7.85 points against a premium of 37.50 points in last
trading session. The December series closed at a
premium of 51.20 points.
The INDIA VIX has decreased from 14.83 to 14.61.
At the same time, the PCR-OI of Nifty has increased from
1.59 to 1.64.
Few of the liquid counters where we have seen high cost
of carry are PAGEIND, GLENMARK, CHOLAFIN,
UNIONBANK and DLF.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
EQUITAS 13339300 18.79 95.85 4.63
VOLTAS 3863000 16.78 701.45 0.09
RBLBANK 15597000 12.30 367.55 5.65
TORNTPHARM 387500 10.40 1874.25 4.47
LT 16727250 7.67 1335.50 -2.22
BALKRISIND 1985600 5.08 883.10 3.07
NCC 48006000 4.84 57.05 -3.47
DIVISLAB 2594000 3.84 1811.35 1.68
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
BANKINDIA 7236000 -28.04 76.85 2.80
IGL 6325000 -18.06 407.70 1.14
GLENMARK 7459600 -16.39 346.55 1.68
YESBANK 216031200 -15.53 68.25 7.58
MOTHERSUMI 26780900 -15.43 133.60 -0.45
CUMMINSIND 1760000 -14.66 562.70 -0.27
TVSMOTOR 7079300 -11.56 472.10 4.31
CASTROLIND 6841700 -11.27 144.50 0.21
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.64 1.05
BANKNIFTY 1.66 1.02
RELIANCE 1.10 0.85
ICICIBANK 0.60 0.49
INFY 0.49 0.40
Historical Volatility
SCRIP HV
TORNTPHARM 36.99
BIOCON 43.84
ULTRACEMCO 31.94
UJJIVAN 47.90
TVSMOTOR 47.10
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Technical & Derivatives Report
November 28, 2019
Note: Above mentioned Bullish or Bearish Spreads in Nifty (November Series) are given as an information and not as a recommendation.
Nifty Spot
=
12
100
.70
Lot Size = 75
FII Statistics for
November
27
, 2019
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
7002.36 7373.17 (370.81) 243829 20746.89 1.10
INDEX
OPTIONS
213507.88 213433.22 74.66
719632 61355.74 1.57
STOCK
FUTURES
37617.40 37088.19 529.21
1675855 100168.34 (3.14)
STOCK
OPTIONS
3585.10 3515.86 69.24
63177 3498.63 (17.76)
Total 261712.74
261410.44
302.30
2702493
185769.60
(1.97)
Turnover on
November
27
, 2019
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
362374 28806.64 -17.36
INDEX
OPTIONS
13955200 1008939.28 -12.82
STOCK
FUTURES
2010539 115622.88 -13.59
STOCK
OPTIONS
914838 55241.21 -15.02
TOTAL 1,72,42,951
1208610.01 -13.11
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 12000 38.40
32.00 68.00 12032.00
Sell 12100 6.40
Buy 12000 38.40
37.25 162.75 12037.25
Sell 12200 1.15
Buy 12100 6.40
5.25 94.75 12105.25
Sell 12200 1.15
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 12000 27.40
20.90 79.10 11979.10
Sell 11900 6.50
Buy 12000 27.40
25.00 175.00 11975.00
Sell 11800 2.40
Buy 11900 6.50
4.10 95.90 11895.90
Sell 11800 2.40
Nifty Put-Call Analysis
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Technical & Derivatives Report
November 28, 2019
D
a
ily
Pivot
Levels for Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 364 369
372 376 379
ASIANPAINT 1,691 1,703
1,717 1,729 1,743
AXISBANK 740 746
755 762 770
BAJAJ-AUTO 3,166 3,189
3,203 3,226 3,240
BAJFINANCE 4,083 4,101
4,113 4,131 4,143
BAJAJFINSV 9,064 9,146
9,203 9,285 9,342
BPCL 480 493
501 514 522
BHARTIARTL 422 428
432 438 443
INFRATEL 213 219
230 236 247
BRITANNIA 3,044 3,067
3,084 3,107 3,124
CIPLA 459 463
469 474 480
COALINDIA 194 198
200 203 205
DRREDDY 2,919 2,946
2,969 2,995 3,018
EICHERMOT 22,570 22,796
23,098 23,324 23,626
GAIL 122 123
125 126 128
GRASIM 774 781
792 799 810
HCLTECH 1,098 1,113
1,124 1,139 1,149
HDFCBANK 1,264 1,271
1,278 1,286 1,293
HDFC 2,289 2,312
2,332 2,356 2,376
HEROMOTOCO 2,474 2,499
2,516 2,541 2,559
HINDALCO 198 200
202 205 206
HINDUNILVR 2,039 2,066
2,083 2,110 2,127
ICICIBANK 497 501
509 513 520
IOC 128 130
131 132 133
INDUSINDBK 1,495 1,510
1,524 1,540 1,553
INFY 687 691
695 699 702
ITC 244 246
248 249 251
JSW STEEL 248 251
254 257 260
KOTAKBANK 1,592 1,605
1,615 1,627 1,637
LT 1,284 1,310
1,340 1,366 1,396
M&M 524 532
543 551 563
MARUTI 7,120 7,207
7,254 7,341 7,387
NESTLEIND 14,023 14,293
14,497 14,766 14,970
NTPC 114 115
116 117 118
ONGC 128 130
132 134 135
POWERGRID 193 194
195 196 197
RELIANCE 1,548 1,559
1,567 1,578 1,587
SBIN 330 337
341 348 353
SUNPHARMA 442 451
456 464 469
TCS 2,032 2,043
2,058 2,068 2,083
TATAMOTORS 162 164
167 168 171
TATASTEEL 415 418
423 426 430
TECHM 753 760
765 772 777
TITAN 1,149 1,158
1,170 1,179 1,192
ULTRACEMCO 4,076 4,156
4,203 4,282 4,329
UPL 540 546
550 556 561
VEDANTA 143 145
147 149 151
WIPRO 237 238
240 241 243
YESBANK 64 66
68 70 71
ZEEL 302 311
320 329 339
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Technical & Derivatives Report
November 28, 2019
*
Research Team Tel: 022
-
39357800
Website:
www.angelbroking.com
For Technical Queries E-mail: technicalresearch-cs[email protected]elbroking.com
For Derivatives Queries E-mail: derivatives.[email protected]angelbroking.com
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