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 10200 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 150-200 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, 10400-10450 are to be seen as immediate hurdles; whereas on the downside, 10300-10250 - 10200 are likely to provide intraday supports. Key Levels Support 1 10250 Resistance 1 10400 Support 2 10200 Resistance 2 10450 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 24240 would be seen as a short-term support, while the resistances are seen around 24900 and 25100. Key Levels Support 1 24240 Resistance 1 24900 Support 2 24060 Resistance 2 25100
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 10316.45 levels. The Nifty October future closed with a premium of 30.95 points against a premium of 30.70 points in last trading session. The November series closed at a premium of 78.45 points. The INDIA VIX has increased from 19.73 to 20.14. At the same time, the PCR- of Nifty has increased from 1.07 to 1.12. 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. 1805 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. 1595 crores with rise in open interest. As far as Nifty options activities are considered, we saw build-up between 10300-10700 call options; followed by unwinding in OTM strikes 10900-11600 strikes. On the flip side, we saw good amount of writing in 9800 and 10000 put options. Maximum open interest for October series now stood at 11000 followed by 11500 call and 10000 followed by 10500 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 10200 is an immediate support zone and some recovery may bring index towards 10500-10550 levels in near term. Those traders with longs at higher levels should look to lightener up their positions in the bounce back. Gainers CHENNPETRO 1084500 21.72 232.20-9.06 BPCL 14819400 19.30 264.90 0.34 VOLTAS 3938000 15.59 479.15-4.81 IOC 31992000 11.85 124.85 5.90 TATAELXSI 2186400 11.10 1006.95-12.04 TORNTPOWER 2178000 9.67 223.20-0.38 BHARATFIN 5138000 9.02 988.40-0.51 CHOLAFIN 910000 8.40 1055.35-5.63 Losers VEDL 42521500-15.63 206.75-10.61 KSCL 1068000-13.06 492.55-1.40 MFSL 2326800-10.02 365.70 2.42 HINDPETRO 27439650-9.04 179.20 8.40 VGUARD 2187000-8.99 162.55-2.78 AJANTPHARM 556000-8.18 1001.00-2.00 ENGINERSIN 9530500-7.51 106.00 3.35 HEROMOTOCO 1323800-7.14 2873.05 4.61 Historical Volatility HV TATAELXSI 69.99 VEDL 68.15 SRTRANSFIN 70.39 CHENNPETRO 78.45 KOTAKBANK 40.37 Put-Call Ratio PCR- PCR-VOL NIFTY 1.12 0.71 BANKNIFTY 0.79 0.73 RELIANCE 0.47 0.52 ICICIBANK 0.60 0.74 INFY 0.94 0.76
FII Statistics for October 08, 2018 Turnover on October 08, 2018 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 6536.12 5618.32 917.80 283509 22054.94 2.04 114888.81 116484.01 (1595.19) 930650 75054.75 1.11 18973.48 17639.13 1334.35 1285860 82670.72 1.35 8347.18 8250.07 97.12 96520 6248.54 11.70 Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 424716 35754.88-8.30 7140371 645695.62 3.53 1098348 66480.57 3.75 683194 46735.87 8.10 Total 148745.60 147991.53 754.07 2596539 186028.95 1.69 TOTAL 9346629 794666.94 3.20 Nifty Spot = 10348.05 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 10400 159.50 Sell 10500 110.70 48.80 51.20 10448.80 Buy 10300 144.00 Sell 10200 114.90 29.10 70.90 10270.90 Buy 10400 159.50 Sell 10600 72.95 86.55 113.45 10486.55 Buy 10300 144.00 Sell 10100 90.80 53.20 146.80 10246.80 Buy 10500 110.70 Sell 10600 72.95 37.75 62.25 10537.75 Buy 10200 114.90 Sell 10100 90.80 24.10 75.90 10175.90 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
Daily Pivot Levels for Nifty Constituents Scrips S2 S1 PIVOT R1 R2 ADANIPORTS 290 297 301 309 313 ASIANPAINT 1,181 1,215 1,234 1,268 1,287 AXISBANK 531 544 559 572 587 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 244 255 267 278 290 BHARTIARTL 287 291 295 299 303 INFRATEL 247 257 263 273 279 CIPLA 622 631 637 645 651 COALINDIA 257 263 268 273 278 DRREDDY 2,284 2,312 2,360 2,388 2,436 EICHERMOT 20,037 21,086 21,700 22,749 23,363 GAIL 324 334 340 350 356 GRASIM 892 906 916 930 939 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 197 210 223 236 250 HINDPETRO 159 169 175 185 191 HINDUNILVR 1,522 1,541 1,556 1,574 1,589 IBULHSGFIN 857 898 927 968 997 ICICIBANK 292 302 308 317 323 IOC 115 120 123 128 131 INDUSINDBK 1,557 1,578 1,604 1,626 1,651 INFY 698 706 717 726 737 ITC 264 268 274 279 284 JSW STEEL 347 362 372 386 396 KOTAKBANK 1,016 1,060 1,088 1,133 1,161 LT 1,180 1,198 1,221 1,239 1,262 M&M 742 758 770 786 797 MARUTI 6,670 6,780 6,884 6,994 7,099 NTPC 157 160 163 166 168 ONGC 142 146 148 152 155 POWERGRID 180 183 186 190 193 RELIANCE 993 1,051 1,084 1,142 1,175 SBIN 254 260 264 270 274 SUNPHARMA 581 593 601 612 620 TCS 2,009 2,043 2,083 2,117 2,157 TATAMOTORS 203 207 213 218 223 TATASTEEL 532 546 558 572 584 TECHM 664 679 699 715 735 TITAN 758 786 802 830 847 ULTRACEMCO 3,664 3,711 3,749 3,796 3,834 UPL 566 593 609 635 652 VEDANTA 181 194 211 224 241 WIPRO 307 312 318 323 329 YESBANK 199 210 218 229 238 ZEEL 404 409 416 421 427
Research Team Tel: 022-39357800 Website: For Technical Queries For Derivatives Queries E-mail: technicalresearch-cso@angelbroking.com E-mail: derivatives.desk@angelbroking.com 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 INH000000164. 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.