Technical & Derivatives Report
November 29, 2017
Sensex (33619) / Nifty (10370)
Exhibit 1: Nifty Daily Chart
Yesterday our markets opened on a flat note owing to subdued
start in Asian bourses with a mildly negative bias. The Nifty
consolidated throughout the first half by strolling around the
10400 mark. However, as expected, the index once again came
off sharply during the penultimate hour to conclude the session
with a cut of nearly three tenths of a percent.
If we closely observe yesterday’s price action, it was almost a
replica of Friday’s move and once again, yet another valiant
attempt to surpass 10405 turned unsuccessful. The more Nifty
refuses to sustain above a particular level, the stronger it
becomes and hence, 10405 has now earned a tremendous
respect from the bulls. If we look at the hourly chart, we can see a
possibility of ‘Double Top’ formation precisely at the
78.6%
retracement of the recent down move. Going ahead, we continue
to see 10405 as an important hurdle and on the downside, any
move below Monday’s low of 10340 would result into further
weakness.
Since, we are now approaching current month expiry, we expect
volatility to pick up and hence, one needs to be very selective
while entering into a trade.
Key Levels
Support 1 - 10340
Resistance 1 - 10399
Support 2 - 10307
Resistance 2 - 10405
Nifty Bank Outlook - (25846)
Exhibit 2: Nifty Bank Daily Chart
Post the positive momentum seen in the last hour on Monday, the
Nifty Bank index attempted to give a breakout from the
consolidation phase in yesterday's trading session, Although the
index traded above the resistance of 25925 and registered a high
of 25953.50, the bulls clearly failed to push the prices higher as
the index heavyweights were not participating in the upmove. The
Nifty Bank index ended the session on a marginal negative note,
which indicates a continuation of the consolidation phase. Hence,
we advise intraday traders to focus on stock specific moves and
trade with a proper risk management. The recent consolidation
low of 25620 is a crucial support for the Nifty Bank index
whereas 25925-25960 is now seen as a resistance area. It is
advisable to initiate fresh positions in the index only on a move
beyond the mentioned levels. Traders can also refer the given
levels for stop loss on their existing positions if any..
Key Levels
Support 1 - 25680
Resistance 1 - 25925
Support 2 - 25620
Resistance 2 - 25960
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Technical & Derivatives Report
November 29, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.11%
BankNifty futures open interest has decreased by 2.09%
as market closed at 10370.25 levels.
The Nifty November future closed with a premium of
7.30 points against a premium of 18.95 points in last
trading session. The December series closed at a
premium of 48.50 points.
The INDIA VIX has increased from 13.03 to 13.14. At the
same time, the PCR-OI of Nifty has decreased from 1.45
to 1.33 level.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, FORTIS, JUSTDIAL, HDIL and
JISLJALEQS.
Views
OI Gainers
FIIs activity in cash market segment remained subdued.
OI
PRICE
SCRIP
OI
PRICE
While, they were net buyers of Rs. 314 crores in index
CHG. (%)
CHG. (%)
futures with rise in open interest, suggesting some long
DALMIABHA
644700
24.94
3222.95
0.26
formation in yesterday’s trading session.
IGL
7084000
18.49
327.75
4.68
In index options front, they were marginal buyers with
ADANIPOWER
142540000
15.81
36.65
-0.14
rise in open interest. If we look at Nifty options activity,
BIOCON
10360800
14.73
433.90
4.24
clearly writing in 10400-10500 call options restricted the
RCOM
110460000
13.53
12.90
-4.09
upside in index. While, writers of 10200-10400 put
HCC
36288000
13.28
40.10
5.39
options ran for shelter seeing the selling pressure during
RPOWER
77435000
12.51
38.90
-1.02
latter half yesterday. However, maximum concentration
RNAVAL
15165000
12.11
41.05
-8.57
of open interest for November series remains intact in
10500 call and for puts is placed at 10000 followed by
OI Losers
10300 strike.
OI
PRICE
SCRIP
OI
PRICE
In the recent upmove, we hardly saw any meaningful OI
CHG. (%)
CHG. (%)
activity as far as Nifty futures are concerned. If we glance
VOLTAS
3418000
-14.31
637.35
-1.79
at FIIs net activity for the entire November series, they
CEATLTD
1565200
-8.64
1834.45
-0.58
formed good amount of shorts in index and stock futures
PIDILITIND
1210000
-8.05
848.00
1.43
along with decent long positions in index put options. At
UPL
11868000
-7.88
762.65
0.87
the same time, they continue curbing liquidity through
GODREJIND
3891000
-7.49
581.45
0.69
cash market. Thus, the above data hints market has
DISHTV
27363000
-7.33
84.10
-2.10
limited upside; while, writing in
10400-10500 call
IBREALEST
28782500
-6.88
216.85
-1.90
options suggest a strong hurdle around 10400 mark.
ORIENTBANK
17550000
-6.82
131.30
-0.53
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
RNAVAL
62.79
NIFTY
1.33
0.87
NHPC
26.94
BANKNIFTY
1.06
0.94
NCC
59.23
SBIN
0.68
0.55
IGL
38.51
RELIANCE
0.52
0.55
GLENMARK
29.30
YESBANK
0.34
0.30
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Technical & Derivatives Report
November 29, 2017
FII Statistics for November 28, 2017
Turnover on November 28, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3664.88
3351.12
313.76
350435
28358.39
0.57
203786
17531.68
-7.84
FUTURES
FUTURES
INDEX
INDEX
55972.34
55915.14
57.20
1249747
100931.79
1.53
5679233
498671.91
13.80
OPTIONS
OPTIONS
STOCK
23165.90
23890.63
(724.73)
1002203
70203.25
(0.03)
STOCK
FUTURES
1349888
95597.24
24.46
FUTURES
STOCK
STOCK
6043.45
6055.00
(11.55)
125504
8985.29
(2.00)
541755
40840.07
8.01
OPTIONS
OPTIONS
Total
88846.57
89211.89
(365.33)
2727889
208478.73
0.66
TOTAL
7774662
652640.91
14.13
Nifty Spot = 10370.25
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10400
31.10
Buy
10400
49.30
24.70
75.30
10424.70
32.75
67.25
10367.25
Sell
10500
6.40
Sell
10300
16.55
Buy
10400
31.10
Buy
10400
49.30
29.95
170.05
10429.95
44.15
155.85
10355.85
Sell
10600
1.15
Sell
10200
5.15
Buy
10500
6.40
Buy
10300
16.55
5.25
94.75
10505.25
11.40
88.60
10288.60
Sell
10600
1.15
Sell
10200
5.15
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 29, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
390
394
399
402
407
AMBUJACEM
260
261
264
265
267
ASIANPAINT
1,141
1,156
1,165
1,181
1,190
AUROPHARMA
693
699
710
717
728
AXISBANK
554
558
562
566
570
BAJAJ-AUTO
3,239
3,264
3,286
3,311
3,333
BAJFINANCE
1,750
1,758
1,771
1,779
1,792
BPCL
497
502
506
511
514
BHARTIARTL
486
489
493
497
501
INFRATEL
369
373
380
385
392
BOSCHLTD
18,832
18,907
18,966
19,041
19,100
CIPLA
603
607
614
619
626
COALINDIA
267
270
273
277
280
DRREDDY
2,252
2,271
2,288
2,307
2,324
EICHERMOT
30,146
30,342
30,596
30,791
31,045
GAIL
455
459
464
468
473
HCLTECH
853
856
860
863
867
HDFCBANK
1,849
1,857
1,864
1,872
1,879
HDFC
1,697
1,711
1,724
1,738
1,751
HEROMOTOCO
3,645
3,659
3,670
3,684
3,694
HINDALCO
246
248
251
253
256
HINDPETRO
411
414
419
423
428
HINDUNILVR
1,257
1,263
1,268
1,273
1,278
IBULHSGFIN
1,153
1,177
1,198
1,222
1,243
ICICIBANK
310
312
313
315
317
IOC
385
388
390
393
396
INDUSINDBK
1,646
1,662
1,677
1,693
1,708
INFY
970
977
989
996
1,007
ITC
254
256
257
259
261
KOTAKBANK
1,018
1,024
1,032
1,038
1,046
LT
1,197
1,204
1,216
1,223
1,235
LUPIN
826
829
834
838
843
M&M
1,420
1,427
1,434
1,442
1,449
MARUTI
8,404
8,514
8,586
8,696
8,768
NTPC
180
181
184
185
187
ONGC
178
180
182
183
185
POWERGRID
204
206
208
210
212
RELIANCE
931
937
944
950
958
SBIN
328
330
333
335
339
SUNPHARMA
532
537
547
553
562
TCS
2,654
2,669
2,686
2,702
2,718
TATAMOTORS
410
413
418
421
425
TATASTEEL
689
696
705
712
720
TECHM
489
494
499
504
508
ULTRACEMCO
4,214
4,245
4,283
4,314
4,353
UPL
746
754
761
769
776
VEDANTA
296
300
304
307
312
WIPRO
292
293
295
296
297
YESBANK
312
313
315
317
318
ZEEL
546
566
578
598
610
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Technical & Derivatives Report
November 29, 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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