Technical & Derivatives Report
November 02, 2016
Sensex (27877) / Nifty (8626)
Exhibit 1: Nifty Daily Chart
It’s been yet another day of consolidation for our market and
once again we saw Nifty struggling at higher levels after the initial
gap up opening. Although, the overall range was quite narrow,
the bears had shown their dominance in the latter part of the day.
Hence, eventually, the Nifty managed to close with no change as
compared to the previous close.
Now, due to very small trading range, we do not see any major
change in the chart structure and hence, more or less, the view
remains the same. We would continue with the cautious stance as
long as 8745 is not violated convincingly. Before this, 8678 is
now seen as immediate hurdle for the index. On the downside,
intraday support levels are placed at 8580 - 8550. Since, the
market is still lacking clear direction, we would advise traders to
stay light as long as the Nifty remains within a range and wait for
a breakout to happen from the mentioned range in order to take
a direction call on the market.
Key Levels
Support 1 - 8580
Resistance 1 - 8678
Support 2 - 8550
Resistance 2 - 8745
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (19459)
The Nifty Bank index traded in a narrow range yesterday and
ended the session with marginal loss of 0.33 percent.
Yesterday's rangebound session was much on expected lines as
we had mentioned in our yesterday's report.In last few sessions,
the Nifty Bank index has consolidated in the range of 19200 to
19910 and breakout from the range will then lead to directional
move. However, the SGX Nifty is indicating a gap down opening
today and thus, if the banking index opens with a gap down and
sustains lower; then it would be a sign of the bears taking back
the control post the consolidation. Traders are hence advised to
remain cautious and trade with proper risk management. The
intraday supports for the Nifty Bank index are placed around
19310 and 19200 whereas resistances are seen around 19570
and 19680.
Key Levels
Support 1 - 19310
Resistance 1 - 19570
Support 2 - 19200
Resistance 2 - 19680
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Technical & Derivatives Report
November 02, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.16%
BankNifty futures open interest has increased by 13.23%
as market closed at 8626.25 levels.
The Nifty November future closed with a premium of
25.50 against the premium of 29.40 points in last
trading session. The December series closed at a
premium of 78.00 points.
The Implied Volatility of at the money options has
increased from 13.34% to 14.52%. At the same time, the
PCR-OI of Nifty has decreased from 0.99 to 0.97 levels.
The total OI of the market is Rs. 2,30,719/- cr. and the
stock futures OI is Rs. 77,906/- cr.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, JPASSOCIAT, TITAN,
TORNTPOWER and JINDALSTEL.
Views
OI Gainers
Yesterday, FIIs were net seller in both equity cash and
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
index future segment. They sold equities worth Rs. 124
VEDL
50645500
28.48
218.50
8.52
crores. While, in index futures, they were net seller to the
DISHTV
42742000
27.34
97.75
-2.74
tune of Rs. 535 crores with marginal rise in open interest,
GLENMARK
2673300
22.56
970.80
3.57
indicating blend of long unwinding andw.freshlbshortng.com
HINDZINC
7523200
21.25
271.80
7.75
formation.
TORNTPHARM
487200
13.83
1388.45
-2.34
On Index Options front, FIIs bought of worth Rs. 184
CENTURYTEX
8706500
13.67
1029.25
8.67
crores with rise in OI. In call options, huge build-up was
CAIRN
23044000
12.51
244.15
7.30
seen in 9000 strike; followed by some OI addition in
DABUR
7995000
11.08
289.90
-0.03
8900 - 8800 strikes. On the other hand, in put options,
8300,
8600 and
8400 strikes added some fresh
positions. Maximum OI in November series is placed at
OI Losers
9000 call and 8500 put options.
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
From last two sessions, we are witnessing long unwinding
HDFC
9524500
-6.70
1421.15
2.87
and fresh shorting from FIIs desk, which does not bode
AMARAJABAT
571800
-6.66
1041.10
1.03
well for Bulls. At current juncture, 8500 - 8550 seems to
INDUSINDBK
3614400
-6.56
1216.20
1.65
be a crucial support zone for Nifty. Looking at the above
INFRATEL
3522400
-6.15
357.10
2.70
data, we believe Nifty may breach these support levels in
L&TFH
35118000
-5.95
108.00
0.28
the short run provided we see continuation of decent
STAR
2188500
-5.95
1061.95
1.52
amount of fresh short formation. Thus, traders are
advised to remain light and focus more on stock specific
MARUTI
1981500
-5.82
5888.20
-0.38
moves.
MRF
45315
-5.24
50126.60
4.43
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CENTURYTEX
55.31
NIFTY
0.97
0.95
HINDZINC
49.57
BANKNIFTY
1.05
0.93
VEDL
55.46
AXISBANK
0.38
0.47
CAIRN
48.97
RELIANCE
0.48
0.35
EICHERMOT
38.08
ICICIBANK
0.58
0.75
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Technical & Derivatives Report
November 02, 2016
FII Statistics for 1, November 2016
Turnover on 1, November 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1109.85
1645.17
(535.33)
208226
13872.30
0.82
165910
11465.16
-21.18
FUTURES
FUTURES
INDEX
INDEX
27906.46
27722.88
183.58
792478
52112.85
3.51
2383487
172703.32
0.45
OPTIONS
OPTIONS
STOCK
6902.67
6207.12
695.55
865401
56592.02
1.26
STOCK
FUTURES
513817
38221.36
-1.02
FUTURES
STOCK
STOCK
3708.43
3489.99
218.44
44186
3052.16
52.36
OPTIONS
268674
20860.71
15.29
OPTIONS
TOTAL
39627.41
39065.16
562.25
1910291
125629.32
2.94
TOTAL
3331888
243250.55
0.03
Nifty Spot = 8626.25
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8700
100.70
Buy
8600
106.75
41.45
58.55
8741.45
32.70
67.30
8567.30
Sell
8800
59.25
Sell
8500
74.05
Buy
8700
100.70
Buy
8600
106.75
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68.85
131.15
8768.85
56.00
144.00
8544.00
Sell
8900
31.85
Sell
8400
50.75
Buy
8800
59.25
Buy
8500
74.05
27.40
72.60
8827.40
23.30
76.70
8476.70
Sell
8900
31.85
Sell
8400
50.75
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
Note : Derivative data of Diwali Muhurat Trading session was not significant and thus, does not considered for comparison in this report.
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Technical & Derivatives Report
November 02, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1 481
1 492
1 511
1 522
1 540
ADANIPORTS
298
302
305
308
311
AMBUJACEM
236
240
243
247
250
ASIANPAINT
1 063
1 070
1 079
1 086
1 095
AUROPHARMA
794
802
814
822
834
AXISBANK
466
471
479
484
493
BAJAJ-AUTO
2 792
2 809
2 836
2 853
2 881
BANKBARODA
152
154
156
157
159
BHEL
136
139
141
144
146
BPCL
662
669
674
682
687
BHARTIARTL
314
316
318
320
323
INFRATEL
343
349
354
360
365
BOSCH
21 606
21 960
22 169
22 523
22 732
CIPLA
564
568
574
577
583
COALINDIA
320
325
328
333
336
DRREDDY
3 272
3 299
3 330
3 358
3 389
EICHERMOT
23 828
24 575
25 048
25 794
26 267
GAIL
423
428
435
439
446
GRASIM
948
955
967
974
986
HCLTECH
763
768
772
777
782
HDFCBANK
1 240
1 250
1 257
1 267
1 274
HDFC
1 354
1 386
1 409
1 440
1 463
HEROMOTOCO
3 334
3 352
3 370
3 389
3 407
HINDALCO
146
151
155
161
165
HINDUNILVR
825
830
837
841
848
ICICIBANK
271
273
277
279
282
IDEA
75
76
77
78
78
INDUSINDBK
1 172
1 193
1 207
1 228
1 242
INFY
974
982
994
1 002
1 015
ITC
237
238
241
242
244
KOTAKBANK
794
800
810
816
826
LT
1 447
1 455
1 468
1 476
1 489
LUPIN
1 478
1 493
1 519
1 534
1 559
M&M
1 289
1 308
1 323
1 341
1 357
MARUTI
5 784
5 831
5 902
5 950
6 021
NTPC
148
152
154
157
160
ONGC
279
284
287
292
296
POWERGRID
171
174
177
180
182
RELIANCE
1 043
1 047
1 051
1 056
1 060
SBIN
254
257
259
261
263
SUNPHARMA
721
728
738
744
755
TCS
2 296
2 323
2 361
2 388
2 427
TATAMTRDVR
341
345
348
352
356
TATAMOTORS
518
524
531
537
544
TATAPOWER
75
77
78
80
81
TATASTEEL
391
405
414
427
437
TECHM
427
430
433
437
439
ULTRACEMCO
3 935
3 956
3 973
3 994
4 011
WIPRO
456
458
462
465
469
YESBANK
1 230
1 240
1 257
1 266
1 283
ZEEL
498
504
513
519
528
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Technical & Derivatives Report
November 02, 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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