Technical & Derivatives Report
April 01, 2016
Sensex (25342) / Nifty (7738)
Exhibit 1: Nifty Daily Chart
The expiry day of the March derivatives series started the
proceedings on a quiet note and after oscillating within the
narrow range of 75 points, ended the session on a flat note.
Owing to the F&O expiry, there was more of a stock specific
action rather than a clear directional movement in the index.
During the session, the Nifty tested our mentioned resistance zone
of 7760 - 7790 and pared down some of the gains. We reiterate
our opinion that traders should keep booking timely profits and
should raise their stop losses on any existing positions. However,
there is no clear evidence of a trend reversal and hence, traders
should refrain from creating short positions until the signal
emerges. We are expecting stock specific action to continue,
which traders should ideally focus on with a short term
perspective. The near term support for Nifty is placed around
7685 - 7650; whereas, resistance remains at 7760 - 7790.
Key Levels
Support 1 - 7685
Resistance 1 - 7760
Support 2 - 7650
Resistance 2 -
7790
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (16146)
The Nifty Bank index traded in a narrow range on the day of F&O
expiry and ended the session almost near its previous day's close.
The month of March has certainly proved to be a great period for
our markets after a pain of nearly thirteen months. However, the
index is currently trading near its multiple resistance zone. On the
weekly chart, we are observing a strong resistance of the 89 EMA
placed around 16250 - 16400. This zone coincides with the
61.8% retracement of the corrective move from 18029 to 13407.
Also, during January 2016, the index had breached its support
level with a gap down opening, which is also a part of the above
mentioned resistance zone. Due to these observations, the index
may take a breather for a while and thus, traders should look to
book profits on their long positions in the index. The intraday
supports for the index are placed around 15965 and 15760;
whereas, resistances are seen around 16280 - 16400.
Key Levels
Support 1 - 15965
Resistance 1 - 16280
Support 2 - 15760
Resistance 2 - 16400
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Technical & Derivatives Report
April 01, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 32.65%
BankNifty futures open interest has decreased by 31.96%
as market closed at 7738.40 levels.
The Nifty April future closed at a premium of 46.00
points against a premium of 48.15 points. The May
series closed at a premium of 73.15 points.
The Implied Volatility of at the money options has
increased from 14.81% to 16.02%.
The total OI of the market is Rs. 1,58,553/- cr. and the
stock futures OI is Rs. 51,190 /- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, SRTRANSFIN, HDFCBANK,
GMRINFRA and PNB.
Views
FIIs were net buyers in both Cash market and Index
OI Gainers
Futures segment in a big way. They bought equities to
OI
PRICE
SCRIP
OI
PRICE
the tune of Rs. 4057 crores. While in Index Futures, they
CHG. (%)
CHG. (%)
IOC
6097200
1.66
396.30
-1.49
bought of worth Rs. 3194 crores with substantial fall in
OI, due to expiry.
-
-
-
-
-
-
-
-
-
-
In Index Options front, FIIs sold of worth Rs. 1386 crores
-
-
-
-
-
with fall in OI. Being start of new series build-up is quite
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-
-
-
-
-
scattered. In call options, 7500-7800 strike price added
decent build-up. Some OI addition was also visible in
8000 and 8200 call options. While in put options, 7500-
OI Losers
7800 strikes added decent build-up. Maximum OI in
OI
PRICE
SCRIP
OI
PRICE
April series is visible in 8000 call and 7500 put options.
CHG. (%)
CHG. (%)
CONCOR
414000
-68.49
1249.30
-0.31
Rollover in Nifty & BankNifty is on the lower side at
62.85% and
67.37% respectively. Although we saw
STAR
817200
-46.59
1089.30
3.44
market giving a very good move last series, rollovers
GODREJIND
1322100
-41.48
347.80
-3.55
figures have been disappointing. We would suggest to
UNIONBANK
5979000
-41.28
131.55
1.19
book profit and trade light as of now.
INDUSINDBK
4051200
-41.10
971.30
2.04
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
IDFC
43.76
NIFTY
0.77
0.91
HEXAWARE
39.31
BANKNIFTY
0.75
0.83
TATAPOWER
35.99
SBIN
0.47
0.40
IGL
38.22
LUPIN
0.48
0.42
RPOWER
42.61
TATASTEEL
0.75
0.64
Strategy Date
Symbol
Strategy
Status
February 29, 2016
RELIANCE
Ratio Bull Call Spread
Marginal Loss on expiry.
March 07, 2016
BHEL
Long Call Ladder
Profit booked on 28-03-2016
March 14, 2016
NIFTY
Ratio Bull Call Spread
Not Activated
March 21, 2016
BANKNIFTY
Long Call
Profit booked on 30-03-2016.
March 28, 2016
NIFTY
Ratio Bull Call Spread
Profit booked on 31-03-2016.
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Technical & Derivatives Report
April 01, 2016
FII Statistics for 31-March 2016
Turnover on 31-March 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
8389.88
5196.29
3193.60
238731
13647.85
(44.66)
607471
33754.90
33.66
FUTURES
FUTURES
INDEX
INDEX
39869.24
41255.54
(1386.30)
733228
42452.28
(51.75)
9325248
523700.90
30.82
OPTIONS
OPTIONS
STOCK
14622.89
15281.36
(658.47)
945755
44254.95
(15.71)
STOCK
FUTURES
1459152
69082.46
17.17
FUTURES
STOCK
STOCK
2214.97
2119.17
95.80
648
34.61
(99.33)
OPTIONS
445908
21967.32
2.36
OPTIONS
TOTAL
65096.98
63852.36
1244.62
1918362
100389.70
(39.49)
TOTAL
11837779
648505.58
28.17
Nifty Spot = 7738.40
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7800
121.70
Buy
7700
97.70
43.15
56.85
7843.15
30.50
69.50
7669.50
Sell
7900
78.55
Sell
7600
67.20
Buy
7800
121.70
Buy
7700
97.70
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74.05
125.95
7874.05
51.80
148.20
7648.20
Sell
8000
47.65
Sell
7500
45.90
Buy
7900
78.55
Buy
7600
67.20
30.90
69.10
7930.90
21.30
78.70
7578.70
Sell
8000
47.65
Sell
7500
45.90
Note: Above mentioned Bullish or Bearish Spreads in Nifty (April Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
April 01, 2016
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,347
1,364
1,380
1,397
1,413
ADANIPORTS
239
243
247
251
254
AMBUJACEM
228
230
232
234
236
ASIANPAINT
853
861
873
880
892
AXISBANK
433
439
444
449
455
BAJAJ-AUTO
2,362
2,384
2,421
2,442
2,479
BANKBARODA
143
145
147
149
151
BHARTIARTL
341
346
351
356
361
BHEL
111
113
114
115
117
BOSCHLTD
20,163
20,474
20,737
21,048
21,311
BPCL
885
895
908
918
931
CAIRN
148
151
154
157
159
CIPLA
503
507
513
517
523
COALINDIA
287
289
294
296
300
DRREDDY
2,974
3,005
3,034
3,064
3,093
GAIL
348
352
357
361
366
GRASIM
3,788
3,816
3,840
3,868
3,892
HCLTECH
802
808
816
822
831
HDFC
1,087
1,096
1,108
1,117
1,128
HDFCBANK
1,058
1,065
1,072
1,078
1,086
HEROMOTOCO
2,884
2,915
2,950
2,981
3,017
HINDALCO
85
87
88
89
90
HINDUNILVR
847
858
867
878
887
ICICIBANK
230
233
237
241
245
IDEA
104
107
111
114
118
INDUSINDBK
925
946
958
980
991
INFY
1,187
1,202
1,216
1,232
1,246
ITC
321
325
329
332
336
KOTAKBANK
666
674
684
691
702
LT
1,201
1,209
1,219
1,227
1,238
LUPIN
1,453
1,466
1,484
1,497
1,516
M&M
1,191
1,201
1,214
1,224
1,237
MARUTI
3,625
3,671
3,710
3,755
3,794
NTPC
126
128
130
131
133
ONGC
209
212
215
217
220
PNB
83
84
85
86
87
POWERGRID
137
138
139
140
141
RELIANCE
1,021
1,033
1,045
1,057
1,068
SBIN
189
191
195
198
202
VEDL
85
87
92
95
99
SUNPHARMA
803
811
821
829
838
TATAMOTORS
2,436
2,478
2,514
2,556
2,592
TATAPOWER
374
380
387
393
400
TATASTEEL
62
63
64
65
66
TCS
309
314
320
325
330
TECHM
2,436
2,478
2,514
2,556
2,592
ULTRACEMCO
467
471
477
481
487
WIPRO
3,149
3,189
3,222
3,262
3,295
YESBANK
551
558
564
570
577
ZEEL
850
857
866
874
883
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Technical & Derivatives Report
April 01, 2016
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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