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Technical & Derivatives Report
November 29, 2019
Sensex (
41130
) / Nifty
2151
)
The index started the session with a gap up opening around
12130. The index traded within the range for most part of the
session wherein 12100 acted as a support. The last hour of the
expiry session again witnessed a positive momentum and the
index ended the session tad above 12150, with gains of about 50
points.
The indices continue to register new highs with the broader
markets witnessing good buying interest. Yesterday, although the
index traded within a range, there was good stock specific
momentum seen throughout the day. As expected, our markets
are now undergoing a phase of a trended upmove as the indices
continue to hit new milestones whereas stocks are witnessing
upmoves with good volumes. In this calendar month, the index
first consolidated within a range and is now all set to end the
month on a high note. Traders are advised to continue to trade
with a positive bias as we continue with our positive view for the
targets of 12180-12200 first and then towards 12290.The
immediate supports for the index are now placed around 12070
and 12000.
Key Levels
Support 1 – 12070 Resistance 1 – 12200
Support 2 – 12000 Resistance 2 – 12290
Exhibit 1: Nifty Daily Chart
Nifty Bank Outlook
-
(
32123
)
BankNifty too opened on a positive note yesterday and continued
its nothwards journey to add another three fourth of a percent to
end well above the 32000 mark.
With a participation from the index heavyweights, BankNifty has
reached another milestone of 32000 mark. Infact, the mid sized
banks too have now been witnessing up move with good
volumes. The PSU Banking space witnessed enormous buying
interest which led to the Nifty PSU Bank index gain about three
and a half percent yesterday. In this calendar month so far,
BankNifty has outperformed the benchmark index and most of
the names from this space have rallied higher. Traders are
advised to continue to ride this trend as stocks within this sector
are providing good trading opportunities. The immediate support
for BankNifty is now placed around 31750 whereas 32315 and
32500 are seen as potential near term targets.
Key Levels
Support 1 – 32000 Resistance 1 – 32315
Support 2 – 31750 Resistance 2 – 32500
Exhibit 2: Nifty Bank Daily Chart
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November 29, 2019
Nifty Vs OI
Views
We began the final day of November series with an
upside gap and then some range-bound move was
witnessed. The benchmark index remained strong
throughout the day to hit fresh record high to eventually
conclude the series almost at the highest point ever.
FIIs were net buyers in the cash market segment to the
tune of Rs. 1009 crores. In index futures, they sold
worth Rs. 759 crores with massive fall in open interest,
due to expiry.
The benchmark index rallied 2.28% last series and we
hardly saw any relevant open interest additions series
on series. However, the banking index outperformed
the benchmark and rallied almost 7% last series. This
rally was supported by huge long formations in futures
segment and these positions have been rolled too.
Rollover for Nifty stands at 80% which is below the
previous series; whereas, for BankNifty, its on the
higher side at 70.56% (previous series this figure stood
at 63.59%). Stronger hands preferred covering a
decent amount of shorts and rolling over longs in
December series. Their index futures ‘Long Short Ratio’
has surged from 43% to 61% after quite some time.
Hence, we continue to remain upbeat on market and
expect an extension of this rally towards 12300-12400.
Comments
The Nifty futures open interest has decreased by 20.56%
Bank Nifty futures open interest has decreased 15.96%
as market closed at 12151.15 levels.
The Nifty December future closed with a premium of
34.90 points against a premium of 37.50 points in last
trading session. The January series closed at a premium
of 73.80 points.
The INDIA VIX has decreased from 14.61 to 13.98.
At the same time, the PCR-OI of Nifty has increased from
1.64 to 1.77.
Few of the liquid counters where we have seen high cost
of carry are IDEA, DISHTV, BHARTIARTL, NBCC and
GMRINFRA.
OI Gaine
rs
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
CUMMINSIND 1871300 6.32 547.30 -2.54
MFSL 6785300 2.35 511.40 2.19
MCDOWELL-N 11793750 2.23 604.70 -0.35
RBLBANK 15875400 1.78 381.00 2.96
LICHSGFIN 9417300 0.84 467.70 5.54
HDFCBANK 25368000 0.76 1265.30 -1.03
SRTRANSFIN 4314600 0.70 1144.65 1.00
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
COALINDIA 13285400 -45.20 205.85 2.75
OIL 5095101 -43.63 156.05 0.45
ZEEL 30589800 -34.58 311.00 -2.47
BHEL 40491700 -29.73 54.25 1.58
IOC 29414500 -29.13 132.55 0.19
TORNTPHARM 285500 -26.32 1883.85 0.44
NIITTECH 458625 -25.56 1504.90 0.60
CHOLAFIN 3360000 -24.83 317.05 0.76
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.42 1.12
BANKNIFTY 1.08 0.91
RELIANCE 0.73 0.62
ICICIBANK 0.72 0.56
INFY 0.63 0.44
Historical Volatility
SCRIP HV
UNIONBANK 69.04
IBULHSGFIN 166.33
BALKRISIND 44.80
UPL 40.96
INFRATEL 109.19
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Technical & Derivatives Report
November 29, 2019
Note: Above mentioned Bullish or Bearish Spreads in Nifty (December Series) are given as an information and not as a recommendation.
Nifty Spot
=
121
51.15
Lot Size = 75
FII Statistics for
November
28, 2019
Detail Buy Sell Net
Open Interest
Contracts
Value
(in Cr.)
Change
(%)
INDEX
FUTURES
6100.93 6859.64 (758.71) 147195 12729.78 (39.63)
INDEX
OPTIONS
352892.67 347524.04 5368.63
442898 38492.86 (38.45)
STOCK
FUTURES
27816.80 26016.79 1800.01
1607892 98110.72 (4.06)
STOCK
OPTIONS
2072.86 1933.10 139.76
14758 888.97 (76.64)
Total 388883.26
382333.57
6549.69
2212743
150222.33
(18.12)
Turnover on
November
28
, 2019
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
INDEX
FUTURES
450494 34844.61 20.96
INDEX
OPTIONS
32104526 2251412.58 123.15
STOCK
FUTURES
2058630 114545.38 -0.93
STOCK
OPTIONS
1037135 59648.60 7.98
TOTAL 3,56,50,785
2460451.17 103.58
Bull-Call Spreads
Action Strike Price Risk Reward BEP
Buy 12200 156.35
49.40 50.60 12249.40
Sell 12300 106.95
Buy 12200 156.35
86.55 113.45 12286.55
Sell 12400 69.80
Buy 12300 106.95
37.15 62.85 12337.15
Sell 12400 69.80
Bear-Put Spreads
Action Strike Price Risk Reward BEP
Buy 12100 132.45
29.65 70.35 12070.35
Sell 12000 102.80
Buy 12100 132.45
55.55 144.45 12044.45
Sell 11900 76.90
Buy 12000 102.80
25.90 74.10 11974.10
Sell 11900 76.90
Nifty Put-Call Analysis
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Technical & Derivatives Report
November 29, 2019
Da
ily
Pivot
Levels for Nifty Constituents
Scrips S2 S1 PIVOT R1 R2
ADANIPORTS 366 370
374 377 381
ASIANPAINT 1,689 1,702
1,715 1,728 1,740
AXISBANK 741 746
751 756 761
BAJAJ-AUTO 3,165 3,181
3,199 3,215 3,233
BAJFINANCE 4,028 4,065
4,102 4,139 4,176
BAJAJFINSV 9,144 9,192
9,238 9,287 9,333
BPCL 497 503
509 515 521
BHARTIARTL 421 429
436 444 452
INFRATEL 214 235
248 269 282
BRITANNIA 3,039 3,069
3,090 3,119 3,140
CIPLA 457 463
470 475 482
COALINDIA 197 202
204 208 211
DRREDDY 2,928 2,952
2,967 2,992 3,007
EICHERMOT 22,794 22,943
23,054 23,203 23,315
GAIL 123 125
125 127 128
GRASIM 776 788
795 808 815
HCLTECH 1,116 1,124
1,134 1,142 1,152
HDFCBANK 1,249 1,257
1,270 1,278 1,291
HDFC 2,266 2,288
2,317 2,339 2,368
HEROMOTOCO 2,422 2,444
2,482 2,504 2,542
HINDALCO 198 201
203 206 208
HINDUNILVR 2,053 2,070
2,084 2,101 2,116
ICICIBANK 504 511
516 523 528
IOC 129 131
132 134 135
INDUSINDBK 1,499 1,534
1,555 1,589 1,610
INFY 690 696
700 705 709
ITC 244 246
247 248 249
JSW STEEL 248 256
260 268 273
KOTAKBANK 1,597 1,606
1,616 1,625 1,635
LT 1,317 1,333
1,344 1,360 1,371
M&M 533 538
541 545 548
MARUTI 7,168 7,214
7,268 7,315 7,368
NESTLEIND 14,519 14,589
14,645 14,715 14,771
NTPC 114 115
116 116 117
ONGC 130 132
133 134 135
POWERGRID 192 194
196 198 200
RELIANCE 1,556 1,568
1,576 1,588 1,596
SBIN 342 346
348 352 355
SUNPHARMA 451 454
458 461 466
TCS 2,043 2,060
2,077 2,095 2,112
TATAMOTORS 162 163
165 166 168
TATASTEEL 417 425
430 437 442
TECHM 757 761
767 772 777
TITAN 1,156 1,163
1,167 1,174 1,179
ULTRACEMCO 4,176 4,235
4,268 4,327 4,359
UPL 544 562
572 590 601
VEDANTA 144 146
147 149 150
WIPRO 237 239
240 241 242
YESBANK 67 69
70 71 72
ZEEL 288 300
314 325 339
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Technical & Derivatives Report
November 29, 2019
*
Research Team Tel: 022
-
39357800
Website:
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For Technical Queries E-mail: technicalresearch[email protected]elbroking.com
For Derivatives Queries E-mail: derivatives.d[email protected]angelbroking.com
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