Technical & Derivatives Report
October 30, 2018
Exhibit 1: Nifty Daily Chart
Sensex (34067) / Nifty (10251)
Trading for the week began marginally higher as indicated by the
SGX Nifty. Subsequently, we saw immediate drop in initial five
minutes of trade. However, post this there was sustained buying
seen throughout the remaining part of the day. In fact, the
momentum accelerated in the latter half to clock massive single
day gains of over two percent. More importantly, there were
various pockets from the broader market that had massive bump
up to ensure there is no decline during the day. Eventually, the
broad based rally resulted into reclaiming of 10200 with some
authority.
Finally, the much awaited hope rally was seen in the market
today, which brought back the wide smile on traders’ / investors’
fraternity. Technically speaking, such relief move was overdue
since last few days; but timing it, becomes the difficult task.
There were so many pockets buzzing during the day; but the
Fortunately, we were quite vocal on avoiding shorts and with
real action kick started by the private banking giant ICICI
today’s gigantic move, it looks like that the bounce back may
bank, who began with a massive bump up post its stellar Q2
extend further. For the coming session, 10290 would be the level
earnings. This was followed by the Pharma space, who took
to watch out for. A sustainable move beyond it would trigger yet
the initiative as a sectoral move. Later, most of the pockets
another bout of short covering to push the index towards 10400 -
joined hands; but once again the midcap index had a
10440 levels. On the flipside, any intraday pull back towards
soaring day and this is what we alluded in the previous
10200 - 10160 is likely to get bought into. Considering the
article.
recent scenario, we advise traders to go one step at a time and
keep revising stop losses for existing positions.
Key Levels
Support 1 - 10200
Resistance 1 -
10290
Support 2 - 10160
Resistance 2 -
10400
Nifty Bank Outlook - (24960)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index too opened gap up in yesterday's session
and ended the day with gains of over 2 percent. The upmove
yesterday has been supported by broad market participation and
if we observe the daily chart, it is seen that the index has now
formed a support base in the range of 24350-24250. As
mentioned in our previous reports, we expect the November
series to be a relief rally and yesterday's momentum has given
signs of such upmove. The index should retrace the recent
correction of last couple of months and hence, traders are
advised to avoid creating short positions. Infact, certain stocks
within the sector (including beaten-down PSU banks) could see an
outperformance and hence traders should look to capitalize on
the same. The intraday supports for the index are placed around
24500 and 24350 whereas resistances are seen around 25180
and 25270.
Key Levels
Support 1 - 24500
Resistance 1 -
25180
Support 2 - 24350
Resistance 2 -
25270
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Technical & Derivatives Report
October 30, 2018
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.02%.
Bank Nifty futures open interest has decreased by 5.26%
as market closed at 10250.85 levels.
The Nifty November future closed with a premium of
33.10 points against a premium of 24.10 points in last
trading session. The December series closed at a
premium of 79.05 points.
The INDIA VIX has increased from 19.23 to 19.82.
At the same time, the PCR-OI of Nifty has increased from
1.44 to 1.51.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, RCOM, SYNDIBANK,
JPASSOCIAT and HCC.
Views
FIIs sold to the tune of Rs. 2231 crores in cash market
OI Gainers
segment. At the same time, they were net buyers worth
OI
PRICE
Rs. 279 crores in index futures with good amount of rise
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
in open interest, indicating blend of long and short
AMBUJACEM
17882500
62.57
193.10
1.46
formation in yesterday’s trading session.
DIVISLAB
3156400
35.26
1440.15
15.11
In options front, they bought of Rs. 2227 crores with rise
VOLTAS
4484000
24.18
522.10
3.40
in open interest. As far as Nifty options activities are
TATAPOWER
48906000
23.64
77.60
12.70
considered, 10400 call options added some positions;
GRASIM
7743750
16.85
782.45
3.22
whereas, decent writing took place in 9800-10200 call
CANBK
10130000
16.22
238.20
12.44
options. Maximum open interest for November series
TORNTPOWER
2160000
13.74
235.45
4.91
now stood at 11000 followed by 10800 call and 10000
TORNTPHARM
481500
13.56
1664.25
2.33
followed by 10200 put options.
We started-off the week slightly higher and witnessed
fresh buying interest during the day. We finally
OI Losers
concluded the session with the gains of 2.20% after quite
OI
PRICE
some time. In futures segment, we hardly saw any
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
relevant OI activity in Nifty futures; however, decent short
NESTLEIND
378450
-15.20
9683.15
1.17
covering was seen in BankNifty. In Nifty options segment,
HDFCBANK
12573750
-7.08
1926.30
-1.85
we are witnessing fresh writing in index puts, which
MCX
3655400
-6.85
718.30
-0.98
indicates we may see extension of yesterday’s move in
UNIONBANK
34866000
-6.15
69.70
11.98
near term. Thus, any dips below 10200 shall be an
KOTAKBANK
10416000
-5.45
1138.10
-1.42
opportunity to enter into fresh long positions.
BIOCON
6066000
-4.25
622.30
3.04
ITC
61346400
-3.93
283.50
1.10
BALKRISIND
1509600
-3.87
1065.55
3.26
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
DIVISLAB
74.79
NIFTY
1.51
0.65
ICICIBANK
61.77
BANKNIFTY
1.26
0.77
LT
34.08
RELIANCE
0.59
0.53
ORIENTBANK
83.28
ICICIBANK
0.97
0.72
CANBK
79.83
INFY
1.05
0.37
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Technical & Derivatives Report
October 30, 2018
FII Statistics for October 29, 2018
Turnover on October 29, 2018
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4726.18
4446.74
279.44
337829
24623.34
5.38
407665
25444.58
-4.34
FUTURES
FUTURES
INDEX
INDEX
69374.17
67146.78
2227.39
731115
51663.09
6.38
8863355
482570.48
21.80
OPTIONS
OPTIONS
STOCK
18000.21
15921.92
2078.29
1416307
80054.25
0.20
STOCK
FUTURES
1047381
58013.69
7.32
FUTURES
STOCK
STOCK
7709.42
7106.95
602.47
75508
4456.50
38.88
688806
41582.37
37.16
OPTIONS
OPTIONS
Total
99809.99
94622.40
5187.58
2560759
160797.18
3.44
TOTAL
11007207
607611.12
19.80
Nifty Spot = 10250.85
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10300
214.75
Buy
10200
193.95
54.95
45.05
10354.95
33.85
66.15
10166.15
Sell
10400
159.80
Sell
10100
160.10
Buy
10300
214.75
Buy
10200
193.95
98.95
101.05
10398.95
62.40
137.60
10137.60
Sell
10500
115.80
Sell
10000
131.55
Buy
10400
159.80
Buy
10100
160.10
44.00
56.00
10444.00
28.55
71.45
10071.45
Sell
10500
115.80
Sell
10000
131.55
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, 2018
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
326
294
310
319
335
ASIANPAINT
1,196
1,172
1,184
1,199
1,211
AXISBANK
567
522
545
561
583
BAJAJ-AUTO
2,549
2,443
2,496
2,527
2,580
BAJFINANCE
2,380
2,285
2,333
2,362
2,410
BAJAJFINSV
5,410
5,280
5,345
5,418
5,483
BPCL
277
266
272
276
282
BHARTIARTL
294
282
288
296
302
INFRATEL
265
260
263
265
267
CIPLA
635
588
612
625
648
COALINDIA
287
273
280
285
292
DRREDDY
2,533
2,392
2,462
2,511
2,581
EICHERMOT
21,462
20,818
21,140
21,612
21,934
GAIL
352
334
343
349
357
GRASIM
782
753
768
778
793
HCLTECH
986
939
962
977
1,000
HDFCBANK
1,926
1,859
1,893
1,929
1,962
HDFC
1,698
1,630
1,664
1,687
1,721
HEROMOTOCO
2,750
2,681
2,716
2,742
2,777
HINDALCO
224
214
219
222
228
HINDPETRO
231
215
223
228
236
HINDUNILVR
1,553
1,507
1,530
1,545
1,568
IBULHSGFIN
772
663
717
749
804
ICICIBANK
349
319
334
344
359
IOC
141
134
138
140
144
INDUSINDBK
1,413
1,341
1,377
1,411
1,447
INFY
645
623
634
642
653
ITC
284
276
280
283
286
JSW STEEL
340
325
332
337
344
KOTAKBANK
1,138
1,075
1,107
1,130
1,161
LT
1,261
1,175
1,218
1,241
1,284
M&M
750
719
734
743
759
MARUTI
6,799
6,648
6,723
6,767
6,842
NTPC
159
156
158
159
160
ONGC
155
149
152
154
157
POWERGRID
190
186
188
189
191
RELIANCE
1,088
1,028
1,058
1,076
1,106
SBIN
268
241
254
262
275
SUNPHARMA
574
545
560
569
583
TCS
1,871
1,751
1,811
1,844
1,905
TATAMOTORS
175
164
170
173
179
TATASTEEL
574
544
559
567
582
TECHM
664
634
649
659
674
TITAN
830
797
813
824
840
ULTRACEMCO
3,442
3,328
3,385
3,420
3,477
UPL
632
605
618
627
640
VEDANTA
211
201
206
209
215
WIPRO
330
311
320
326
336
YESBANK
181
170
175
181
187
ZEEL
431
416
424
429
436
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Technical & Derivatives Report
October 30, 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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