Technical & Derivatives Report
October 30, 2017
Sensex (33157) / Nifty (10323)
Exhibit 1: Nifty Daily Chart
Barring a negligible cut on Friday, the index kept marching
higher during the week and eventually reached yet another
milestone of 10300 on weekly close.
Honestly speaking, it’s very difficult to digest such kind of
unstoppable move; but eventually, we have to accept that
markets are always superior and smarter. Looking at the daily
chart, we can only project higher levels by taking a reciprocal
retracement of the recent down move. As per this tool, the
127% and 161% ratios are placed at 10310 and 10482,
respectively. Hence, this range would now be considered as
an immediate range in the upward direction. On the flipside,
10240 - 10123 is seen as immediate and key support area
for the Nifty. At this juncture, traders are advised to not to take
aggressive positions in the index as we would see some kind
profit taking coming in at higher levels. Within this
consolidation phase, one should rather keep focusing on
individual stocks that are offering better opportunities.
Key Levels
Support 1 - 10290
Resistance 1 - 10360
Support 2 - 10240
Resistance 2 - 10390
Nifty Bank Outlook - (24840)
Exhibit 2: Nifty Bank Daily Chart
Amidst high volatility in the stocks in the banking sector, the
Nifty Bank index registered gains of 3.46 percent during last
week. The index was however unable to give a breakout
above the resistance of
25200, which we have been
mentioning since last couple of sessions.
Since the month of August, the Nifty Bank index has been
consolidating in a broad range wherein 25200 has acted as a
resistance. Hence, only a breakout above the same will lead to
a directional move in the index. On the flipside, the recent gap
area of 24300-24560 is a support in near term. Short-term
traders are advised to create long positions only above
25200. Meanwhile, one should trade on stock specific moves
and trade with a proper risk management owing to increase in
volatility in the stocks.
Key Levels
Support 1 - 24740
Resistance 1 - 25160
Support 2 - 24560
Resistance 2 - 25200
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Technical & Derivatives Report
October 30, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.81%
BankNifty futures open interest has decreased by 0.14%
as market closed at 10323.05 levels.
The Nifty November future closed with a premium of
33.80 points against a premium of 16.75 points in last
trading session. The December series closed at a
premium of 69.20 points.
The Implied Volatility of at the money options has
decreased from 10.60 to 10.43. At the same time, the
PCR-OI of Nifty has decreased from 1.38 to 1.40 level.
Few of the liquid counters where we have seen high cost
of carry are OFSS, ADANIPOWER, NHPC, TV18BRDCST
and IDFC.
Views
OI Gainers
FIIs were net sellers in cash market segment and index
OI
PRICE
SCRIP
OI
PRICE
futures. They sold equities of worth Rs. 641 crores. While,
CHG. (%)
CHG. (%)
they were marginal sellers in index futures with decent
VGUARD
2475000
59.57
216.65
4.33
rise in open interest, indicating blend of some long and
JSWENERGY
83104500
32.37
86.85
3.76
short formation on Friday’s trading session.
YESBANK
66624250
27.13
309.45
-6.57
In Nifty options front, FIIs were net buyers of Rs. 1155
AJANTPHARM
1212400
27.09
1205.55
2.97
crores with rise in open interest. In call option, we saw
GRANULES
20145000
23.97
136.90
-0.73
fresh open interest addition in 10400-10700 strikes. On
ADANIPORTS
8740000
22.71
435.20
5.04
the flip side, 9800-10300 (except 10100) put options
PVR
596400
21.42
1431.10
0.68
added fresh positions. However, maximum concentration
CUMMINSIND
648000
21.35
912.45
0.52
of open interest in November series is place at 10500
call and 10000 put options.
OI Losers
October series was indeed a historical one for our
OI
PRICE
SCRIP
OI
PRICE
markets as the benchmark index registered a fresh
CHG. (%)
CHG. (%)
record high. We witnessed good amount of long
CANBK
5292144
-14.16
406.40
-4.17
formation in index futures and these positions got rolled
BANKINDIA
12024000
-12.64
180.45
-6.48
too. FIIs too contributed by rolling more than 60% of
SAIL
58860000
-8.25
80.00
3.96
their longs to November series. At present, their Index
UNIONBANK
14424000
-7.59
175.80
-5.69
Futures ‘Long Short Ratio’ has surged back to 70%;
KOTAKBANK
7445600
-6.85
1035.45
1.62
indicating continuation of ongoing momentum.
INFRATEL
8372500
-6.33
421.80
-7.38
PNB
28574000
-5.76
196.25
-8.12
NBCC
4302000
-5.66
257.05
0.29
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MCDOWELL-N
83.83
NIFTY
1.38
0.97
INFRATEL
58.07
BANKNIFTY
1.09
0.87
YESBANK
52.40
YESBANK
0.37
0.40
MRF
23.56
INFY
0.44
0.46
TATAPOWER
31.57
SBIN
0.84
0.71
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Technical & Derivatives Report
October 30, 2017
FII Statistics for October 27, 2017
Turnover on October 27, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1288.20
1354.63
(66.43)
266250
21116.07
1.81
135103
11736.72
-75.33
FUTURES
FUTURES
INDEX
INDEX
25762.71
24607.67
1155.04
844388
66897.88
5.26
2473671
223560.51
-80.87
OPTIONS
OPTIONS
STOCK
8388.27
8612.06
(223.79)
889706
61370.81
2.30
STOCK
FUTURES
905351
64347.42
-66.30
FUTURES
STOCK
STOCK
8887.57
8881.44
6.13
52455
3612.19
1380.52
569173
41684.07
-46.30
OPTIONS
OPTIONS
Total
44326.75
43455.81
870.95
2052799
152996.97
5.98
TOTAL
4083298
341328.72
-77.01
Nifty Spot = 10323.05
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10300
166.75
Buy
10300
113.55
55.65
44.35
10355.65
31.30
68.70
10268.70
Sell
10400
111.10
Sell
10200
82.25
Buy
10300
166.75
Buy
10300
113.55
100.35
99.65
10400.35
54.60
145.40
10245.40
Sell
10500
66.40
Sell
10100
58.95
Buy
10400
111.10
Buy
10200
82.25
44.70
55.30
10444.70
23.30
76.70
10176.70
Sell
10500
66.40
Sell
10100
58.95
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 30, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
404
418
428
443
453
AMBUJACEM
275
277
278
280
282
ASIANPAINT
1,170
1,177
1,186
1,194
1,202
AUROPHARMA
741
752
763
774
785
AXISBANK
477
481
486
491
496
BAJAJ-AUTO
3,238
3,269
3,307
3,338
3,376
BAJFINANCE
1,724
1,771
1,800
1,848
1,876
BPCL
508
518
533
543
559
BHARTIARTL
465
475
493
504
522
INFRATEL
390
404
429
443
468
BOSCHLTD
20,745
21,024
21,212
21,491
21,679
CIPLA
610
618
624
631
637
COALINDIA
284
287
290
293
297
DRREDDY
2,311
2,353
2,382
2,423
2,452
EICHERMOT
31,431
31,621
31,761
31,951
32,091
GAIL
457
464
470
477
483
HCLTECH
840
848
860
867
879
HDFCBANK
1,764
1,778
1,793
1,806
1,821
HDFC
1,664
1,682
1,699
1,716
1,733
HEROMOTOCO
3,720
3,753
3,784
3,818
3,848
HINDALCO
265
267
272
275
279
HINDPETRO
436
446
464
474
492
HINDUNILVR
1,232
1,246
1,260
1,274
1,288
IBULHSGFIN
1,217
1,241
1,256
1,280
1,296
ICICIBANK
277
289
297
309
317
IOC
391
403
422
435
454
INDUSINDBK
1,600
1,614
1,630
1,644
1,661
INFY
936
941
949
955
963
ITC
262
266
271
274
279
KOTAKBANK
1,010
1,020
1,032
1,042
1,054
LT
1,207
1,216
1,229
1,238
1,251
LUPIN
985
993
1,007
1,015
1,030
M&M
1,364
1,376
1,383
1,395
1,402
MARUTI
7,962
8,038
8,139
8,215
8,316
NTPC
177
179
184
186
190
ONGC
174
179
182
187
190
POWERGRID
209
210
212
213
215
RELIANCE
906
918
937
949
968
SBIN
301
306
315
320
328
SUNPHARMA
521
536
547
561
572
TCS
2,506
2,545
2,569
2,608
2,632
TATAMOTORS
416
423
429
435
441
TATASTEEL
716
721
728
734
740
TECHM
468
472
476
480
484
ULTRACEMCO
4,356
4,398
4,450
4,492
4,544
UPL
808
820
827
839
846
VEDANTA
330
335
340
345
350
WIPRO
292
295
297
300
302
YESBANK
291
299
306
314
321
ZEEL
526
534
539
546
551
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Technical & Derivatives Report
October 30, 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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