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Derivative Premium Daily Journal-10th November 2017, Friday
Derivative Premium Daily Journal-10th November 2017, Friday
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Market Today Friday, 10th November 2017
Ni y PSU index surged 4% higher with SBI pos ng be er than expected quarterly
numbers, gaining ~6% at the close as the slippages came down to 9000 Cr from 26000
Cr reported in the previous quarter.
Ni y Bank index outperformed Ni y index as both the indices closed higher gaining ~0.82%/~0.12%. Ni y / Bank Ni y futures
added 6% /3.75% of fresh open interest, mainly long posi ons.
Tracking the op ons front Ni y 10300CE & 10300PE added fresh open interest to the tune of ~8.06 lakh/ ~10.3 lakh shares
respec vely, hin ng a con nued range-bound ac vity at the start of next week. India Vix ended the day at 13.47, up 1.54 %
Ni y: +12 points @ 10321
Bank Ni y: +207 points @ 25498
Top 2 F&O Gainer: JUST DIAL ,JP ASSOCIATES
Top 2 F&O Loser: JAIN IRRIGATION, RELIANCE COMMUNICATION
Most Ac ve Index Op on Contract:
Call Op on: 10400CE, O.I: ~83 Thousand shares
Put Op on: 10300PE, O.I: ~ 10lakh shares
Ni y Max O.I Strikes: 10500CE, 10200PE
Bank Ni y Max O.I Strikes: 26000CE, 25000PE (16TH Nov 2017 Expiry)
Buzzing Stocks
Closing Bell: Gainers: SBI (+6%), L&T (+5%). Losers: Aurobindo (-6%), Tata Motors (-4%).
Axis Bank approves raising of funds via shares, warrants and also approves stake sale to Bain Capital, others.
Mahindra and Mahindra stock spurts over 2% on bonus issue, strong Q2 numbers.
Nifty PSU Bank index rises 4%. SBI (+6%), BoB (+3%), Syndicate Bank, Allahabad Bank (+2%).
SBI stock gains over 6% as new bad loan additions lower than expected.
Mahindra Logistics settles at on debut. Lists at Rs 432 , a premium of 0.70% over its issue price of Rs 429.
Results on tomorrow: L&T, Nalco, Adani Power, Britannia, Coal India, Godfrey Phillips India, Reliance Com, Reliance Infra, Reliance Power.
10321.80 25,525.05
105.65 0.42%
12.80 0.12%
Nifty Nifty
28-Dec-2017 25-Jan-2017
10,383.90 10,420.00
-16.80 -0.16% -16.00 -0.15%
Sector Indices
Today
Index LTP % Change High Low
Nifty PSU Bank 4,001.45 165.70 (4.32%) 4,067.25 3,786.90
Nifty FMCG 25,920.55 194.40 (0.76%) 26,010.20 25,706.35
Nifty Media 3,186.35 17.85 (0.56%) 3,200.35 3,040.95
Nifty Financial Services 10,407.05 45.25 (0.44%) 10,434.85 10,331.70
Nifty Metal 3,865.70 15.95 (0.41%) 3,893.55 3,814.80
Nifty Realty 306.30 0.05 (0.02%) 311.90 303.80
Nifty IT 11,222.55 -25.90 (-0.23%) 11,272.00 11,151.10
Nifty Auto 11,185.50 -57.00 (-0.51%) 11,241.85 11,093.70
Nifty Energy 13,862.85 -147.85 (-1.06%) 14,003.90 13,797.50
Nifty Pharma 9,311.50 -124.35 (-1.32%) 9,484.10 9,262.50
R2 10396
R1 10358
Pivot 10305
S1 10268
S2 10216
Benchmark indices Ni y ended vola le session mildly higher on Friday a er GST Council mee ng, but posted 1 percent
loss for the week. Investors awaited September industrial output and October CPI ina on data due on coming Monday.
The Ni y50 which opened with a slight gap on the downside on Friday managed to recoup most of the losses as bull
pushed the index back above 10300 towards the close of the trade. The 50-share NSE Ni y gained 12.80 points at
10,321.80 amid earnings.
Technical Study:
The Ni y50 bounced back a er retes ng its crucial 21-days exponen al moving average (DEMA) placed at 10,266 for
second consecu ve day in a row which indicates the forma on of a bo om, which s ll requires conrma on.Albeit
market remained choppy and vola le for the day key take away from intraday price behavior can be the fact that markets
recovered and closed at the higher end of the trading range to register Hammer kind of forma on.
Traders should not make decisions based on one candles ck pa ern and wait for further conrma on. A posi ve close in
the next trading session could conrm the bo om. Investors with long posi ons should con nue with long bets with a stop
below 10,240.
R2 25800
R1 25650
Pivot 25445
S1 25290
S2 25080
In Friday's trading session Bank Ni y opened on a gap up note and traded with posi ve movement throughout the day.
Banks led the charge today, PSU Bank (up 4.3 percent) was biggest gainer among sectoral indices with the Ni y Bank
rising 0.82 percent. Bank Ni y index to closed at 25498 with gaining of 207 points.
Technical Study:
We believe the index has shown a good sustainability above 25000 levels and On the daily chart, the index has managed
to hold on to the previous breakout levels around 25080-25200 and a er forming a Doji candles ck pa ern it con nued
its bearish rally & For the coming session, index may con nue to its bull run.
Important Pivot level, which will act as a crucial support level for the index, is placed at 25,290 followed by 25,080 On the
upside, key resistance levels are 25,650 and 25,800.
Most Active-Nifty 50
Larsen & Toubro 1,264.95 49.05 (4.03%) Tata Motors 422.55 -17.60 (-4.00%)
Position Built Up
Long Built Up Stock Future
Contract Name LTP(Rs.) CHG(%) OI Volume
GRASIM - 30-Nov-2017 1,254 1.58 3,344,250 1,179,000
AXISBANK - 30-Nov-2017 550.1 1.28 49,623,600 23,454,000
DIVISLAB - 30-Nov-2017 1,020 0.37 3,966,400 4,880,000
CENTURYTEX - 30-Nov-2017 1,356.05 0.59 7,326,550 1,990,450
CEATLTD - 30-Nov-2017 1,752.5 1.83 2,281,650 2,106,300
R2 445
R1 432
Pivot 424
S1 412
S2 404
Technical Study:
Hindustan Petroleum Corpora on Limited is now trading below its 21 , 50 & 100 days moving averages on daily chart.
Stock has formed double top price pa ern on higher levels daily chart.
Stock has crossed its major resistance levels of 1650 on daily chart and trading above this levels.
A er analyzing the technical aspect of the stock further down side movement can be seen in the stock.
SELL HINDPETRO NOV FUT AROUND 422-420 TARGET 412/404 STOP LOSS 428
BUY HINDPETRO 420 NOV PUT OPTION AROUND 13-14 TARGET 18/22 STOP LOSS 10
R2 1330
R1 1313
Pivot 1280
S1 1262
S2 1230
Technical Study:
Stock is trading above its key moving averages 21,50 & 100 days which is also conrming that stock is in bullish trend.
Stock has formed triangle price pa ern on daily chart.
Key indicator MACD Histogram is turning in posi ve territory and palced around 0.35
A er analyzing the technical aspect of the stock further up side movement can be seen in the stock.
BUY HINDUNILVR NOV FUT AROUND 1290-1295 TARGET 1315/1330 STOP LOSS 1275
BUY HINDUNILVR 1320 NOV CALL OPTION AROUND 15-17 TARGET 25/35 STOP LOSS 8
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Derivative Segment:
January 2018