Technical & Derivatives Report
July 01, 2016
Sensex (27000) / Nifty (8288)
Exhibit 1: Nifty Daily Chart
Yesterday, for the second consecutive session, we witnessed a gap
up opening on the back of favorable global cues. Subsequently,
similar to the previous session, we witnessed a consolidation
throughout the first half followed by a strong up move post
themed session. As a result, the Nifty ended another session with
a percent gains.
It seems that our markets have completely shrugged off this major
global event of ‘BREXIT’. Within no time, we are back to recent
highs of 8290. Going forward, traders would keep a close eye on
8295 as a sustainable move above this level would attract strong
buying interest to push the index towards 8360 - 8400 levels. On
the flipside, intraday support levels are seen at 8242 - 8212
levels. Meanwhile, traders should continue with their stock centric
approach by following strict stop losses.
Key Levels
Support 1 - 8242
Resistance 1 - 8360
Support 2 - 8212
Resistance 2 - 8400
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (17935)
The Nifty Bank index opened gap up and continued its previous
day's positive momentum to end the session with gains of 1.39
percent.
In last four trading sessions, the Nifty Bank index has moved
higher from the lower end of the range and is trading near the
resistance zone around 18050. The momentum, although still
positive, traders should keenly watch whether the index surpasses
the crucial resistance of 18050. As we have been mentioning,
stock specific moves are giving better opportunities and hence
traders are advised to focus on the same with proper risk
management. The intraday support for the index is placed around
17820 and 17750 whereas resistances are seen around 18050
and 18150.
Key Levels
Support 1 - 17820
Resistance 1 - 18050
Support 2 - 17750
Resistance 2 - 18150
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Technical & Derivatives Report
July 01, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 5.27%
BankNifty futures open interest has decreased by 15.44%
as market closed at 8287.75 levels.
The Nifty July future closed with a premium of 33.30
points against a premium of 32.65 points in previous
session. The August series closed at a premium of 62.70
points.
The Implied Volatility of at the money options has
decreased from 15.99% to 14.76%.
The total OI of the market is Rs. 1,76,857/- cr. and the
stock futures OI is Rs. 59,473/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, JPASSOCIAT, GMRINFRA, IFCI
and IDFC.
Views
OI Gainers
Yesterday, FIIs were net buyers in both cash market and
OI
PRICE
SCRIP
OI
PRICE
Index future segment. They bought equities worth Rs.
CHG. (%)
CHG. (%)
1107 crores. While in Index Futures, they were net buyers
HDIL
21360000
10.54
104.10
4.00
to the tune of Rs. 2840.03 with significant fall in open
DLF
33290000
4.85
150.85
4.18
interest due to expiry of June series.
ICIL
478200
1.70
975.10
3.16
On Index Options front, FIIs bought worth Rs. 1937
JSWENERGY
18328000
1.54
82.65
-0.78
crores with significant fall in open
interest. In Call
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-
-
-
-
-
options, 8700 strike added huge positions, followed by
decent build up in 8400 - 8600 strikes. On the other
hand in Put options, good amount of OI addition was
OI Losers
seen in 8000 - 8200 strikes. Maximum open interest in
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
July series is placed at 8500 call and 8000 put.
PFC
7524000
-52.76
170.55
1.85
Rollovers in Nifty and BankNifty were
77.74% and
PCJEWELLER
420000
-46.27
383.80
3.34
76.87% respectively. Few index counters like
HDFCBANK, RELIANCE, DRREDDY, HEROMOTOCORP,
TCS
2857750
-39.59
2545.15
1.90
YESBANK and MARUTI has seen good rollovers.
IDEA
38450000
-37.09
107.40
1.70
OFSS
78600
-36.87
3483.30
0.47
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
GRASIM
27.32
NIFTY
0.94
0.99
PCJEWELLER
27.38
BANKNIFTY
1.31
1.01
BAJFINANCE
31.50
SBIN
0.58
0.47
SRTRANSFIN
41.70
RELIANCE
0.59
0.47
JPASSOCIAT
102.69
SUNPHARMA
0.40
0.33
Strategy Date
Symbol
Strategy
Status
May 30, 2016
TCS
Ratio Bull Call Spread
Loss on Expiry
June 06, 2016
NIFTY
Long Call
Exited at Cost
June 13, 2016
ONGC
Ratio Bull Call Spread
Loss on Expiry
June 20, 2016
MARUTI
Long Call Ladder
Profit on Expiry
June 27, 2016
PNB
Long Call Ladder
Maximum Profit on Expiry
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Technical & Derivatives Report
July 01, 2016
FII Statistics for 30-June 2016
Turnover on 30-June 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
7938.56
5098.53
2840.03
214947
13659.71
(19.14)
561631
34563.10
58.91
FUTURES
FUTURES
INDEX
INDEX
33674.43
31737.90
1936.53
669124
41617.10
(48.55)
10234625
620474.38
68.60
OPTIONS
OPTIONS
STOCK
18694.08
18468.22
225.86
751325
46339.11
(25.66)
STOCK
FUTURES
1414321
80485.94
15.90
FUTURES
STOCK
STOCK
2793.36
2631.92
161.44
1353
80.81
(98.98)
OPTIONS
512348
28568.58
25.70
OPTIONS
TOTAL
63100.44
57936.57
5163.87
1636749
101696.73
(39.60)
TOTAL
12722925
764092.01
58.55
Nifty Spot = 8287.75
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8400
97.55
Buy
8200
90.85
36.80
63.20
8436.80
26.85
73.15
8173.15
Sell
8500
60.75
Sell
8100
64.00
Buy
8400
97.55
Buy
8200
90.85
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61.75
138.25
8461.75
45.30
154.70
8154.70
Sell
8600
35.80
Sell
8000
45.55
Buy
8500
60.75
Buy
8100
64.00
24.95
75.05
8524.95
18.45
81.55
8081.55
Sell
8600
35.80
Sell
8000
45.55
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
July 01, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,582
1,599
1,612
1,629
1,642
ADANIPORTS
202
204
206
209
210
AMBUJACEM
250
252
255
257
260
ASIANPAINT
990
997
1,003
1,010
1,016
AUROPHARMA
734
738
743
747
752
AXISBANK
516
525
530
539
544
BAJAJ-AUTO
2,637
2,663
2,682
2,708
2,727
BANKBARODA
152
153
154
155
157
BHEL
121
125
126
130
131
BPCL
1,040
1,056
1,067
1,083
1,094
BHARTIARTL
350
358
364
373
379
INFRATEL
338
341
344
348
351
BOSCH
22,106
22,377
22,738
23,009
23,369
CIPLA
495
498
502
505
510
COALINDIA
310
312
313
314
316
DRREDDY
3,287
3,334
3,364
3,411
3,441
EICHERMOT
19,047
19,135
19,221
19,309
19,395
GAIL
377
381
386
390
394
GRASIM
4,390
4,528
4,613
4,751
4,836
HCLTECH
722
726
731
735
740
HDFCBANK
1,155
1,166
1,173
1,184
1,191
HDFC
1,231
1,242
1,254
1,266
1,278
HEROMOTOCO
3,095
3,137
3,181
3,223
3,267
HINDALCO
120
122
123
124
125
HINDUNILVR
885
892
897
904
910
ICICIBANK
237
239
241
242
244
IDEA
104
105
107
108
110
INDUSINDBK
1,093
1,102
1,110
1,119
1,127
INFY
1,158
1,164
1,174
1,181
1,191
ITC
363
366
369
371
374
KOTAKBANK
749
756
761
769
774
LT
1,475
1,486
1,495
1,506
1,515
LUPIN
1,520
1,530
1,542
1,552
1,564
M&M
1,406
1,418
1,427
1,439
1,449
MARUTI
4,123
4,155
4,178
4,210
4,232
NTPC
151
153
155
158
160
ONGC
212
214
217
219
221
POWERGRID
158
160
162
165
167
RELIANCE
961
965
971
975
982
SBIN
216
217
220
221
224
SUNPHARMA
751
757
767
773
783
TCS
2,476
2,515
2,539
2,577
2,601
TATAMTRDVR
286
289
292
295
297
TATAMOTORS
447
453
458
464
468
TATAPOWER
72
73
73
74
74
TATASTEEL
311
317
320
326
330
TECHM
499
502
506
510
513
ULTRACEMCO
3,377
3,394
3,407
3,424
3,437
WIPRO
551
555
558
562
565
YESBANK
1,062
1,084
1,097
1,120
1,133
ZEEL
437
447
454
464
471
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Technical & Derivatives Report
July 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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