Sensex (35261) / Nifty (10617) Exhibit 1: Nifty Daily Chart Our markets opened flat yesterday in the midst of mixed global cues. Subsequently, index consolidated during the first half; but some momentum was seen during the latter half. Index made several attempts to surpass its recent ceiling of 10650. However, once again unable to do so and eventually closed tad above 10600. It was yet another day of consolidation on the index front; but look at the way some of the individual stocks moved. In fact, due to this strong buying in few pockets, index should have overcome its hurdle of 10650. But, repeatedly in the last couple of weeks, bulls are unable to surpass this. Generally, when a particular level is tested repeatedly, it either gets violated with a gap or becomes a turning point. In our sense, we may see index going beyond this quite soon and then head towards 10700-10750 levels. Having said that traders should wait for this development to happen and then accordingly should plan their strategy. On the downside, 10580 followed by 10550 would be seen as immediate supports. Yesterday, Banking index took the charge and has managed to give a smart move in the second half. In fact, Bank Nifty went on to close beyond its crucial resistance and hence, if Nifty has to surpass its hurdle, banking conglomerates would play a vital role in this development. Hence, do watch out closely how this pocket behaves in the forthcoming session. Key Levels Support 1 10580 Resistance 1 10650 Support 2 10550 Resistance 2 10700 Nifty Bank Outlook - (26155) Exhibit 2: Nifty Bank Daily Chart Bank Nifty Index continues to outperform as compared to benchmark index nifty as the banking index was up by 0.87% to end at 26154.80. Following the bullish breakout witnessed in the previous session around 25900 levels, the bank index witnessed one more round of positive session and has ended well above the resistance of 200DMA(26040). Going ahead technically, we sense the momentum to continue for the next few sessions and the relief rally can extend towards 26320 to 26810 levels. On the other side, previous resistance around 25900 will now act as a strong support and any dip towards the same can be used as a buying opportunity. Key Levels Support 1 26040 Resistance 1 26320 Support 2 25900 Resistance 2 26500
Comments The Nifty futures open interest has increased by 0.01%. Bank Nifty futures open interest has increased by 12.94% as market closed at 10616.70 levels. The Nifty November future closed with a premium of 13.85 points against a premium of 28.70 points in last trading session. The December series closed at a premium of 57.50 points. The INDIA VIX has decreased from 18.82 to 18.45. At the same time, the PCR- of Nifty has increased from 1.57 to 1.61. Few of the liquid counters where we have seen high cost of carry are RCOM, ADANIPOWER, JPASSOCIAT, IFCI and HCC. Nifty Vs Views FIIs were net buyers in cash market segment to the tune of 2043 crores. In index futures segment, they were buyers of Rs. 419 crores in index futures with rise in open interest, indicating fresh long formation in yesterday s session. In options front, they bought of Rs. 2238 crores with some fall in open interest. As far as Nifty options activities are considered, we saw some build-up in 10700 and 10800 call options. On the flip side, decent amount of build-up was seen in 10600 put options; followed by unwinding 10400 and 10600 strikes. Now, maximum open interest for November series stands at 11000 followed by 10800 call and 10000 followed by 10200 put options. Finally we could manage to conclude the session above 10600 mark. In index futures segment, especially banking index continued adding good amount of longs; whereas, open interest activity in Nifty remained muted. Meanwhile, we also decent writing in 10600 put options. In November series, FIIs have been pouring liquidity through cash segment, which is a positive indication. Hence, we would advise trades to add fresh long for the target of 10750-10800 in near term. Gainers APOLLOHOSP 1329500 113.40 1262.10 8.40 MOTHERSUMI 34725150 19.92 143.50-7.33 NBCC 25032000 15.41 60.50-8.46 ADANIENT 46756000 14.33 162.85 0.90 UJJIVAN 4755200 13.61 234.15 7.73 JUSTDIAL 2633400 13.59 510.50 6.28 PCJEWELLER 10045000 12.80 75.70-11.34 INDIGO 4288200 10.84 1043.95-0.35 Losers SHREECEM 111550-13.09 15858.40 3.63 JETAIRWAYS 5427000-12.31 320.90 20.07 MGL 1399800-11.60 855.55 1.53 UBL 2279200-10.57 1312.45 0.55 KOTAKBANK 11894400-7.65 1162.25 3.07 DABUR 14397500-6.52 388.85 2.67 RAMCOCEM 691200-5.98 628.70 2.74 MARUTI 2278125-5.52 7478.30 1.39 Historical Volatility HV IDEA 75.84 GRASIM 53.43 JETAIRWAYS 135.74 APOLLOHOSP 53.90 PAGEIND 60.05 Put-Call Ratio PCR- PCR-VOL NIFTY 1.61 0.87 BANKNIFTY 1.59 0.85 RELIANCE 0.53 0.62 ICICIBANK 0.90 0.62 INFY 0.87 0.52
FII Statistics for November 15, 2018 Turnover on November 15, 2018 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) 3690.74 3271.96 418.79 427624 32430.34 3.71 124810.76 122572.40 2238.36 1010283 73881.04 (0.47) 13014.68 13582.94 (568.26) 1411422 83066.71 1.04 7965.30 7752.74 212.56 162483 9772.51 3.60 Instrument No. of Contracts Turnover ( in Cr. ) Change (%) 307633 19497.55-22.02 27021628 1449323.33 67.60 886024 49879.54-16.74 734475 42001.25-17.04 Total 149481.47 147180.03 2301.44 3011812 199150.61 1.03 TOTAL 74455 700968 56.03 Nifty Spot = 10616.70 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy 10600 141.40 Sell 10700 87.60 53.80 46.20 10653.80 Buy 10600 108.75 Sell 10500 76.60 32.15 67.85 10567.85 Buy 10600 141.40 Sell 10800 49.60 91.80 108.20 10691.80 Buy 10600 108.75 Sell 10400 53.05 55.70 144.30 10544.30 Buy 10700 87.60 Sell 10800 49.60 38.00 62.00 10738.00 Buy 10500 76.60 Sell 10400 53.05 23.55 76.45 10476.45 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
Daily Pivot Levels for Nifty Constituents Scrips S2 S1 PIVOT R1 R2 ADANIPORTS 324 335 341 353 359 ASIANPAINT 1,303 1,311 1,321 1,329 1,340 AXISBANK 601 614 623 635 645 BAJAJ-AUTO 2,638 2,654 2,676 2,692 2,714 BAJFINANCE 2,262 2,302 2,325 2,365 2,388 BAJAJFINSV 5,514 5,556 5,620 5,662 5,726 BPCL 303 312 318 327 333 BHARTIARTL 294 299 303 308 312 INFRATEL 249 252 257 260 265 CIPLA 509 514 520 525 530 COALINDIA 260 261 264 266 268 DRREDDY 2,422 2,442 2,470 2,490 2,518 EICHERMOT 23,009 23,477 23,760 24,228 24,510 GAIL 338 343 349 353 359 GRASIM 760 784 820 844 879 HCLTECH 953 971 1,000 1,018 1,047 HDFCBANK 1,915 1,945 1,961 1,991 2,007 HDFC 1,811 1,833 1,845 1,866 1,879 HEROMOTOCO 2,826 2,874 2,904 2,953 2,983 HINDALCO 222 228 231 237 241 HINDPETRO 234 242 246 254 259 HINDUNILVR 1,679 1,692 1,710 1,724 1,742 IBULHSGFIN 749 777 812 840 874 ICICIBANK 356 363 369 376 382 IOC 140 143 146 149 152 INDUSINDBK 1,479 1,496 1,514 1,531 1,550 INFY 637 647 656 666 676 ITC 270 272 276 278 282 JSW STEEL 335 340 343 348 351 KOTAKBANK 1,119 1,141 1,153 1,175 1,187 LT 1,376 1,387 1,398 1,409 1,419 M&M 745 756 766 777 787 MARUTI 7,261 7,370 7,442 7,551 7,624 NTPC 150 152 155 158 161 ONGC 156 157 160 161 164 POWERGRID 184 186 187 189 190 RELIANCE 1,079 1,088 1,095 1,104 1,112 SBIN 279 282 285 288 290 SUNPHARMA 497 506 517 526 537 TCS 1,835 1,854 1,876 1,895 1,918 TATAMOTORS 175 178 180 183 185 TATASTEEL 574 582 589 597 605 TECHM 687 701 711 725 736 TITAN 876 899 911 934 946 ULTRACEMCO 3,789 3,851 3,892 3,954 3,996 UPL 749 756 763 770 777 VEDANTA 200 204 207 211 214 WIPRO 316 320 325 329 334 YESBANK 193 199 209 215 224 ZEEL 428 435 440 446 451
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.