Technical & Derivatives Report

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1 Sensex (34474) / Nifty (10348) Exhibit 1: Nifty Daily Chart Trading for the week began on a sluggish note and during the initial hours, Nifty once again nosedived to test the mark. This was followed by a V-shaped recovery in the midst of the session. However, once again this bounce back got sold into completely and in the course of the action, index went on to breach its morning s low. Fortunately for us, the damage did not increase from there and in fact, we saw yet another bout of strong buying towards the fag end to conclude on a positive note. The volatility in the recent past has risen substantially and yesterday, it was at its best. Our markets had a roller coaster ride as we saw wild swings of nearly points four times during the session. Such markets are generally considered a traders delight because of its broad range and faster moves. On the daily chart, it appears that yesterday s low would now be seen as immediate support for a while and from here on, index would provide some sort of relief. Having said that we reiterate that the volatility would remain on the higher side and hence, traders are advised not to take aggressive positions for a time being. Going ahead, are to be seen as immediate hurdles; whereas on the downside, are likely to provide intraday supports. Key Levels Support Resistance Support Resistance Nifty Bank Outlook - (24618) Exhibit 2: Nifty Bank Daily Chart The index started trading for the week marginally positive compared to last week's closing. However, the index traded with higher volatility during the day and recovered smartly in the last hour to end with gains of seven-tenths of a percent. The index is hovering near its weekly 89 EMA support and the RSI oscillator on the daily chart is indicating a positive divergence. Usually, such scenarios lead to a pullback move. Today's session could be important to determine whether such pullback move could be seen in near term. If the index continues the positive momentum seen in the last hour of trade yesterday, then an up move could be seen in near term to retrace the recent correction. However, traders are advised to avoid taking aggressive positions and the broader trend continues to remain down. Yesterday's low around would be seen as a short-term support, while the resistances are seen around and Key Levels Support Resistance Support Resistance

2 Comments The Nifty futures open interest has increased by 0.97% Bank Nifty futures open interest has decreased by 3.65% as market closed at levels. The Nifty October future closed with a premium of points against a premium of points in last trading session. The November series closed at a premium of points. The INDIA VIX has increased from to At the same time, the PCR- of Nifty has increased from 1.07 to Few of the liquid counters where we have seen high cost of carry are SUZLON, HCC, GODREJCP, JISLJALEQS and CUMMINSIND. Nifty Vs Views FIIs were net sellers in cash market segment to the tune of Rs crores. At the same time, they buyers worth Rs. 917 crores in index futures with rise in open interest, indicating good amount of fresh long formation in previous trading session. In options front, they sellers of Rs crores with rise in open interest. As far as Nifty options activities are considered, we saw build-up between call options; followed by unwinding in OTM strikes strikes. On the flip side, we saw good amount of writing in 9800 and put options. Maximum open interest for October series now stood at followed by call and followed by put options. Post flat opening, index remained volatile for the entire day. In the course of action, after hitting fresh intraday lows in the latter half strong buying emerged to eventually conclude the session with 0.31% gains. We hardly saw any meaningful change in Nifty futures positions; however, some short covering took place in BankNifty. At present, we believe around is an immediate support zone and some recovery may bring index towards levels in near term. Those traders with longs at higher levels should look to lightener up their positions in the bounce back. Gainers CHENNPETRO BPCL VOLTAS IOC TATAELXSI TORNTPOWER BHARATFIN CHOLAFIN Losers VEDL KSCL MFSL HINDPETRO VGUARD AJANTPHARM ENGINERSIN HEROMOTOCO Historical Volatility HV TATAELXSI VEDL SRTRANSFIN CHENNPETRO KOTAKBANK Put-Call Ratio PCR- PCR-VOL NIFTY BANKNIFTY RELIANCE ICICIBANK INFY

3 FII Statistics for October 08, 2018 Turnover on October 08, 2018 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) ( ) Instrument No. of Contracts Turnover ( in Cr. ) Change (%) Total TOTAL Nifty Spot = Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy Sell Buy Sell Buy Sell Buy Sell Buy Sell Buy Sell Note: Above mentioned Bullish or Bearish Spreads in Nifty (October Series) are given as an information and not as a recommendation. Nifty Put-Call Analysis

4 Daily Pivot Levels for Nifty Constituents Scrips S2 S1 PIVOT R1 R2 ADANIPORTS ASIANPAINT 1,181 1,215 1,234 1,268 1,287 AXISBANK BAJAJ-AUTO 2,460 2,522 2,563 2,625 2,666 BAJFINANCE 1,815 1,895 1,992 2,073 2,170 BAJAJFINSV 5,106 5,251 5,375 5,520 5,645 BPCL BHARTIARTL INFRATEL CIPLA COALINDIA DRREDDY 2,284 2,312 2,360 2,388 2,436 EICHERMOT 20,037 21,086 21,700 22,749 23,363 GAIL GRASIM HCLTECH 1,032 1,052 1,068 1,088 1,105 HDFCBANK 1,909 1,927 1,948 1,966 1,987 HDFC 1,612 1,640 1,674 1,702 1,736 HEROMOTOCO 2,648 2,760 2,823 2,935 2,998 HINDALCO HINDPETRO HINDUNILVR 1,522 1,541 1,556 1,574 1,589 IBULHSGFIN ICICIBANK IOC INDUSINDBK 1,557 1,578 1,604 1,626 1,651 INFY ITC JSW STEEL KOTAKBANK 1,016 1,060 1,088 1,133 1,161 LT 1,180 1,198 1,221 1,239 1,262 M&M MARUTI 6,670 6,780 6,884 6,994 7,099 NTPC ONGC POWERGRID RELIANCE 993 1,051 1,084 1,142 1,175 SBIN SUNPHARMA TCS 2,009 2,043 2,083 2,117 2,157 TATAMOTORS TATASTEEL TECHM TITAN ULTRACEMCO 3,664 3,711 3,749 3,796 3,834 UPL VEDANTA WIPRO YESBANK ZEEL

5 Research Team Tel: Website: For Technical Queries For Derivatives Queries DISCLAIMER Angel Broking Limited (hereinafter referred to as Angel ) is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL and Portfolio Manager and Investment Adviser with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number INH Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing /dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed * public offering of securities of the company covered by Analyst during the past twelve months. This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment. Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the contrary view, if any. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this document is for general guidance only. Angel Broking Limited or any of its affiliates/ group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Angel Broking Limited has not independently verified all the information contained within this document. Accordingly, we cannot testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While Angel Broking Limited endeavors to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced, redistributed or passed on, directly or indirectly. Neither Angel Broking Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in connection with the use of this information.

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