Technical & Derivatives Report
October 29, 2018
Exhibit 1: Nifty Daily Chart
Sensex (33349) / Nifty (10030)
The entire last week had the similar theme as we mainly reacted
on overnight cues from the US markets. The recent correction in
our markets was mainly triggered by the domestic concerns; but
now global peers have started creating nuisance. There were so
many few attempts made during the week to give some respite to
the recent correction; but all these attempts eventually got sold
into and we are now at a kissing distance from the important
psychological mark of 10000.
Technically speaking, there have been multiple key evidences
who were suggesting an extremely oversold position of the
market since last couple of weeks. But, the typical characteristics
of market (in the corrective phase), which do not respect anything
and hence, the relentless correction continues to clock multi-
month lows. Now, if we have to see any crucial support from here
At this juncture, we would rather wait for Nifty to surpass and
on then all eyes are on 10000 and then at March low i.e.
sustain above the important intraday swing high of 10242. If
9951.90. Let see what market does in this week. If it holds then
it manages to do so, then it would trigger some immediate
we may some relief but if doesn’t then just prepare yourself for
recovery in the market. Till then one should stay light and
lower levels to unfold.
avoid taking undue risk. Since, the midcap index showed
some encouraging signs, we advise traders to continue with a
This is clearly a kind of phase when you are left with no clear
stock specific approach but with a proper exit strategy.
view and hence, rather than just trying to find any reason, we
would rather wait for some kind of development to happen on
charts. Yes, we still reiterate that one should avoid going short
Key Levels
now; but at the same time, going long (especially carrying
Support 1 - 10000
Resistance 1 -
10138
overnight positions) does not seem to be a right ploy due
Support 2 - 9950
Resistance 2 -
10242
unexpected sell off in the global peers.
Nifty Bank Outlook - (24421)
Exhibit 2: Nifty Bank Daily Chart
Post opening on a flat note, the Nifty Bank index corrected
throughout the day on Friday, and ended with a loss of about
1.60 percent. During last week, we had seen couple of sessions
wherein gap up openings were sold into. In spite of the recent
outperformance compared to the Nifty index, the index resumed
its downward momentum in Friday's session and ended the week
with a significant cut.
Friday's move hinted that many of the market participants who
had hoped a revival in this space owing to the recent
outperformance finally gave up. On the lower side, 24240 is seen
as a crucial support as it is the recent low registered. However, for
a pullback move, the index heavyweights would really have to see
an up move supported by good volumes. Until the index crosses
above its resistances of 24770 -24800, traders are advised to
continue to focus on a stock specific momentum.
Key Levels
Support 1 - 24300
Resistance 1 -
24770
Support 2 - 24240
Resistance 2 -
24800
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Technical & Derivatives Report
October 29, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.50%.
Bank Nifty futures open interest has increased by 6.23%
as market closed at 10030 levels.
The Nifty November future closed with a premium of
24.10 points against a premium of 49.65 points in last
trading session. The December series closed at a
premium of 67.60 points.
The INDIA VIX has increased from 18.96 to 19.23.
At the same time, the PCR-OI of Nifty has decreased
from 1.49 to 1.44.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, RCOM, CONCOR,
JPASSOCIAT and HCC.
Views
FIIs sold to the tune of Rs. 1356 crores in cash market
OI Gainers
segment. At the same time, they were net sellers worth
OI
PRICE
Rs. 146 crores in index futures with good amount of rise
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
in open interest, indicating blend of long and short
EQUITAS
14952000
62.88
99.05
-22.50
formation on Friday’s trading session.
GRASIM
6627000
16.14
759.05
-2.87
In options front, they bought of Rs. 764 crores with huge
REPCOHOME
669600
14.81
331.30
-2.47
rise in open interest. As far as Nifty options activities are
ARVIND
5550000
10.96
321.30
0.69
considered, being start of new series the overall build-up
UBL
1775200
10.94
1114.75
-3.74
was scattered between 10100-11000 call and 9500-
HEXAWARE
5904000
9.94
321.20
-3.21
11100 put options. Maximum open interest for
DHFL
19855500
9.56
184.10
-3.64
November series now stood at 11000 followed by 10500
BEL
26574750
9.43
88.25
6.30
call and 10000 followed by 10200 put options.
We started-off the week on a positive note but lacked
momentum and corrected towards the important
OI Losers
psychological support of 10000 mark. During last series,
OI
PRICE
we saw good amount of short formation in Nifty futures
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
and these positions have been rolled over too. FIIs too
BATAINDIA
1563100
-11.13
908.95
-1.23
rolled their shorts in index futures. However, FIIs were
NTPC
31676000
-9.92
159.30
-1.88
buyers in stock futures segment and these positions are
CHOLAFIN
534500
-6.64
1205.75
2.35
still intact. Although, index is now near 10000 mark but
TORNTPHARM
424000
-6.09
1626.00
3.16
we can hardly see any unwinding in 1000 put; in fact,
DISHTV
40864000
-5.70
40.90
9.34
fresh writing took place on Friday’s session. Hence, till
CESC
3009050
-5.15
848.15
1.92
the time index sustains above 9900-10000 levels traders
CEATLTD
905800
-4.36
1106.05
9.27
should strictly avoid any bearish bets and rather focus on
CANFINHOME
3866250
-4.33
255.20
-0.39
individual counters.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
EQUITAS
135.83
NIFTY
1.44
0.68
UJJIVAN
113.69
BANKNIFTY
0.66
0.68
RAYMOND
78.88
RELIANCE
0.48
0.51
CEATLTD
64.03
ICICIBANK
0.86
0.73
CONCOR
45.55
INFY
1.35
0.42
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Technical & Derivatives Report
October 29, 2018
FII Statistics for October 26, 2018
Turnover on October 26, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4619.45
4765.99
(146.53)
320587
22900.51
6.35
423030
26597.76
-41.14
FUTURES
FUTURES
INDEX
INDEX
57259.97
56495.98
763.99
687254
48146.91
25.12
6989007
396204.96
-75.59
OPTIONS
OPTIONS
STOCK
16696.10
16154.86
541.24
1413465
77292.40
13.80
STOCK
FUTURES
1059366
54055.00
-59.87
FUTURES
STOCK
STOCK
5482.55
5393.56
88.99
54369
2965.15
323.53
551517
30316.21
-56.35
OPTIONS
OPTIONS
Total
84058.07
82810.38
1247.68
2475675
151304.96
17.58
TOTAL
9022920
507173.93
-72.92
Nifty Spot = 10030
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10000
265.50
Buy
10000
212.00
54.35
45.65
10054.35
36.15
63.85
9963.85
Sell
10100
211.15
Sell
9900
175.85
Buy
10000
265.50
Buy
10000
212.00
101.75
98.25
10101.75
68.90
131.10
9931.10
Sell
10200
163.75
Sell
9800
143.10
Buy
10100
211.15
Buy
9900
175.85
47.40
52.60
10147.40
32.75
67.25
9867.25
Sell
10200
163.75
Sell
9800
143.10
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
October 29, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
296
300
305
309
314
ASIANPAINT
1,153
1,172
1,187
1,205
1,221
AXISBANK
516
527
545
556
575
BAJAJ-AUTO
2,411
2,462
2,498
2,549
2,585
BAJFINANCE
2,233
2,286
2,331
2,384
2,430
BAJAJFINSV
5,188
5,293
5,364
5,469
5,540
BPCL
260
268
274
282
288
BHARTIARTL
278
288
297
307
316
INFRATEL
259
262
265
268
272
CIPLA
591
597
605
611
619
COALINDIA
272
277
280
285
288
DRREDDY
2,326
2,365
2,408
2,447
2,489
EICHERMOT
21,342
21,574
21,937
22,169
22,532
GAIL
336
339
342
345
348
GRASIM
737
748
767
778
798
HCLTECH
938
952
976
990
1,014
HDFCBANK
1,934
1,948
1,962
1,976
1,991
HDFC
1,655
1,678
1,699
1,723
1,744
HEROMOTOCO
2,626
2,666
2,711
2,751
2,796
HINDALCO
208
214
219
226
231
HINDPETRO
214
220
224
229
233
HINDUNILVR
1,533
1,546
1,563
1,575
1,592
IBULHSGFIN
607
645
684
722
761
ICICIBANK
307
311
317
322
328
IOC
133
135
138
140
142
INDUSINDBK
1,401
1,423
1,461
1,483
1,521
INFY
619
626
637
645
656
ITC
268
275
282
288
296
JSW STEEL
319
328
342
351
365
KOTAKBANK
1,127
1,143
1,168
1,184
1,209
LT
1,179
1,188
1,201
1,210
1,222
M&M
712
720
731
739
750
MARUTI
6,376
6,547
6,671
6,842
6,966
NTPC
153
156
158
161
164
ONGC
146
149
153
156
160
POWERGRID
186
187
189
190
192
RELIANCE
1,006
1,026
1,041
1,061
1,076
SBIN
244
246
249
251
254
SUNPHARMA
544
549
555
560
567
TCS
1,752
1,776
1,815
1,838
1,878
TATAMOTORS
162
165
169
172
176
TATASTEEL
531
541
551
562
572
TECHM
634
644
650
660
667
TITAN
771
789
805
822
838
ULTRACEMCO
3,252
3,319
3,359
3,427
3,467
UPL
570
596
611
638
653
VEDANTA
195
199
203
208
212
WIPRO
313
317
320
323
326
YESBANK
157
169
180
192
203
ZEEL
406
414
424
431
441
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Technical & Derivatives Report
October 29, 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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