Technical & Derivatives Report
December 29, 2017
Sensex (33848) / Nifty (10478)
Exhibit 1: Nifty Daily Chart
Trading for the day began on a flat note in absence of any
triggers from the global bourses. Subsequently, the index
consolidated in a small range throughout the first half. This was
followed by a valiant attempt to stay above the 10500 mark.
However, the expiry factor played out in the penultimate hour and
as a result, we witnessed volatile moves in the southward
direction to pare down all gains. Eventually, a dull expiry day
ended with nominal losses.
Barring four months, all other expiries during the calendar year
ended on a high note and this time too, index concluded the
December contract with decent gains and at a kissing distance
from the 10500 mark. As far as yesterday’s activity is concerned,
there was no big surprise the way index behaved. Some
consolidation and then volatile moves in the latter half were seen
precisely within the resistance (10520) and support (10469) levels
mentioned in the earlier article. Looking at past couple of day’s
action, one needs to understand that the Nifty is struggling to
sustain above
10500 and hence, it’s advisable to avoid
aggressive longs in the market. For existing longs on index,
10426 would be seen as a crucial support; because a sustainable
move below this point would trigger further weakness in the
market. On the higher side, 10520 - 10552 remains to be strong
hurdles now.
Key Levels
Support 1 - 10469
Resistance 1 - 10520
Support 2 - 10426
Resistance 2 - 10552
Nifty Bank Outlook - (25490)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued the consolidation phase on the
F&O expiry session and traded in a narrow range of 145 points
throughout the session. With reference to our earlier reports, we
continue with our advice for traders to avoid taking any
directional bet in the Nifty Bank index and follow a stock-specific
approach. The intraday supports for the Nifty Bank index are
placed around 25400 and 25325 whereas resistances are seen
around 25630 and 25750.
Key Levels
Support 1 - 25400
Resistance 1 - 25630
Support 2 - 25325
Resistance 2 - 25750
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Technical & Derivatives Report
December 29, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 16.49%
BankNifty futures open interest has plunged by 29.53%
as market closed at 10477.90 levels.
The Nifty January future closed with a premium of 40
points against a premium of 42.60 points in last trading
session. The February series closed at a premium of
64.45 points.
The INDIA VIX has decreased from 12.49 to 12.29. At
the same time, the PCR-OI of Nifty has decreased from
1.59 to 1.54 level.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, JISLJALEQS, GMRINFRA and
ADANIPOWER.
Views
FIIs were net buyers in cash market segment to the tune
OI Gainers
of Rs. 563. At the same time, they were buyer in index
OI
PRICE
SCRIP
OI
PRICE
futures of Rs. 1621 crores with significant fall in open
CHG. (%)
CHG. (%)
interest, mainly due to expiry.
HCC
46770000
10.65
41.00
-0.73
In index options front, they were sellers of Rs. 458 crores
CANFINHOME
5676250
6.75
478.20
-2.88
with fall in open interest. As far as options activities for
ICIL
11095000
5.52
126.55
4.50
January series are concerned, the build-up is quite
DABUR
11040000
4.37
347.55
-2.15
scattered between 10500-11000 call and 10000-10500
BANKBARODA
57984000
3.80
164.00
-1.91
put options, we believe this is mainly due to upcoming
ESCORTS
3971000
3.29
777.70
3.41
union budget. Maximum concentration of open interest is
MCX
3462500
3.04
945.50
-0.60
now placed at 11000 call; followed by 10700 strikes;
RBLBANK
6099000
0.71
510.25
-1.56
whereas, in put options is seen in 10000; followed by
10300 strike price.
Last series, the index extended its losses during the initial
OI Losers
part of the series but strong buying emerged near the
OI
PRICE
SCRIP
OI
PRICE
important support zone of 10000-10050 due to strong
CHG. (%)
CHG. (%)
RAMCOCEM
464000
-47.27
796.15
0.06
sentiments of BJP’s victory once again in Gujarat
RCOM
73780000
-41.28
30.75
6.77
assembly election. We witnessed good amount of OI
CUMMINSIND
571800
-36.55
918.70
-0.62
addition in index futures; which was blend of both long
ICICIBANK
55602250
-34.81
316.50
0.52
and short position. Rollover in Nifty is at 73.19% which is
above its 3 month averages of 69.72%; in terms of open
BPCL
8166600
-34.17
520.60
-1.78
interest as well rollovers are on the higher side. At this
SRTRANSFIN
1815600
-31.32
1465.40
0.40
point in time, 10350-10400 is a strong support for
GAIL
12080000
-30.85
505.60
-0.45
market; thus, until index is trading above these levels
HEXAWARE
3723000
-27.55
336.05
0.06
traders should avoid forming any bearish bets and focus
on individual stocks to fetch higher returns
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.54
1.13
OIL
29.99
BANKNIFTY
0.97
0.96
NATIONALUM
45.63
RELIANCE
0.42
0.35
RELCAPITAL
74.07
SUNPHARMA
0.37
0.31
DLF
51.02
TATAMOTORS
0.74
0.74
DABUR
21.12
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Technical & Derivatives Report
December 29, 2017
FII Statistics for December 28, 2017
Turnover on December 28, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
7153.46
5532.05
1621.41
154516
12521.93
(37.28)
544664
45959.49
48.31
FUTURES
FUTURES
INDEX
INDEX
71431.98
71890.15
(458.17)
557352
44642.61
(57.89)
11999746
1084201.65
57.49
OPTIONS
OPTIONS
STOCK
34018.64
35494.92
(1476.28)
887773
65395.89
(13.42)
STOCK
FUTURES
2276946
164970.67
18.68
FUTURES
STOCK
STOCK
1813.85
1579.52
234.33
1285
105.38
(98.45)
743100
55754.27
7.42
OPTIONS
OPTIONS
Total
114417.93
114496.64
(78.71)
1600926
122665.80
(40.22)
TOTAL
15564456
1350886.08
48.40
Nifty Spot = 10477.90
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10500
137.05
Buy
10500
122.80
49.70
50.30
10549.70
36.30
63.70
10463.70
Sell
10600
87.35
Sell
10400
86.50
Buy
10500
137.05
Buy
10500
122.80
87.95
112.05
10587.95
61.90
138.10
10438.10
Sell
10700
49.10
Sell
10300
60.90
Buy
10600
87.35
Buy
10400
86.50
38.25
61.75
10638.25
25.60
74.40
10374.40
Sell
10700
49.10
Sell
10300
60.90
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
December 29, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
393
396
400
403
408
AMBUJACEM
267
269
271
274
276
ASIANPAINT
1,130
1,137
1,146
1,153
1,162
AUROPHARMA
668
676
688
696
709
AXISBANK
538
543
548
553
559
BAJAJ-AUTO
3,242
3,269
3,306
3,333
3,370
BAJFINANCE
1,724
1,740
1,761
1,776
1,797
BPCL
513
520
529
535
545
BHARTIARTL
526
528
533
536
540
INFRATEL
361
365
368
372
375
BOSCHLTD
19,831
19,952
20,121
20,242
20,411
CIPLA
596
601
608
614
621
COALINDIA
260
262
264
265
267
DRREDDY
2,379
2,405
2,427
2,452
2,474
EICHERMOT
29,325
29,579
29,939
30,193
30,553
GAIL
497
504
512
519
527
HCLTECH
866
872
882
888
897
HDFCBANK
1,849
1,864
1,872
1,887
1,895
HDFC
1,676
1,686
1,700
1,711
1,725
HEROMOTOCO
3,653
3,685
3,734
3,766
3,815
HINDALCO
262
269
274
280
285
HINDPETRO
414
418
423
428
433
HINDUNILVR
1,328
1,341
1,362
1,375
1,396
IBULHSGFIN
1,177
1,187
1,199
1,209
1,221
ICICIBANK
306
311
315
320
324
IOC
382
387
396
401
410
INDUSINDBK
1,640
1,645
1,652
1,657
1,663
INFY
1,016
1,025
1,032
1,041
1,049
ITC
259
261
262
264
265
KOTAKBANK
995
1,000
1,007
1,012
1,019
LT
1,240
1,246
1,256
1,262
1,271
LUPIN
868
874
882
888
895
M&M
741
746
750
754
758
MARUTI
9,568
9,599
9,646
9,677
9,724
NTPC
174
175
177
178
180
ONGC
191
192
193
194
196
POWERGRID
196
198
200
201
203
RELIANCE
911
917
926
933
941
SBIN
302
305
311
314
320
SUNPHARMA
554
561
573
581
593
TCS
2,581
2,604
2,629
2,652
2,677
TATAMOTORS
412
415
419
423
427
TATASTEEL
719
727
733
742
748
TECHM
487
492
500
505
513
ULTRACEMCO
4,229
4,253
4,274
4,297
4,318
UPL
729
746
757
775
786
VEDANTA
324
328
332
336
339
WIPRO
299
304
307
311
314
YESBANK
310
312
314
316
318
ZEEL
578
582
587
591
597
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Technical & Derivatives Report
December 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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