Technical & Derivatives Report
December 02, 2015
Sensex (26169) / Nifty (7955)
Exhibit 1: Nifty Daily Chart
Yesterday, our markets opened slightly higher considering
cheerful mood across the globe. Subsequently, the Nifty
traded within a narrow range to end the session with nominal
gains.
As expected by the street, RBI (Reserve Bank of India) monetary
policy turned out to be a non event. Unlike, previous policy
announcement days, we witnessed no volatility in the market
and thus, index traded quietly throughout the day.However,
the broader market seemed to have good traction throughout
the session. Thus, going forward, we continue to expect further
bounce towards 8050 - 8150 levels. On the flipside, 7850 -
7810 are now seen as strong support levels for the Nifty.
Meanwhile, a lot of individual stocks have done well and we
expect continuation of the same in days to come.
Key Levels
Support 1 - 7900
Resistance 1 - 7990
Support 2 - 7850
Resistance 2 - 8050
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (17399)
Yesterday, the Bank Nifty started the session on a flat note and
then moved higher in the first half of the session. But, some
corrective action was seen in the latter half of the session and
as a result, the banking index ended the session with a loss of
0.18 percent over its previous close. Yesterday too, the Bank
Nifty corrected after facing a resistance around the daily ’89
EMA’. Despite RBI’s monetary policy, the overall movement of
Bank Nifty remained lackluster as it traded within the territory
of Monday’s session. Since, there is no major change in the
chart structure; we reiterate our view that a sustainable move
above 17520 is necessary for further rally in the Bank Nifty.
Going forward, the intraday support for the Bank Nifty is
placed at 17260 - 17100 levels. On the flipside, 17525 and
17700 would now act as intraday resistances for the index.
Key Levels
Support 1 - 17260
Resistance 1 - 17525
Support 2 - 17100
Resistance 2 - 17700
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Technical & Derivatives Report
December 02, 2015
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.67%
BankNifty futures open interest has increased by 4.50%
as market closed at 7954.90 levels.
The Nifty December future closed at a premium of 32.85
points against a premium of 44.85 points. The January
series closed at a premium of 68.40 points.
The Implied Volatility of at the money options has
decreased from 14.83% to 13.86%.
The total OI of the market is Rs. 1,93,339/- cr. and the
stock futures OI is Rs. 63,483/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, GMRINFRA, APOLLOHOSP, VEDL
and HAVELLS.
Views
OI Gainers
The FIIs continued to sell in cash market segment. They
OI
PRICE
sold equities worth Rs.
107 crores. While in Index
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Futures, they sold to the tune of Rs. 322 crores with good
MINDTREE
412800
29.00
1493.85
3.31
amount of rise in open interest, indicating fresh short
MCLEODRUSS
2360600
17.52
179.65
-0.99
formation in last trading session.
HAVELLS
5362000
10.74
297.25
3.27
In Index Options front, FIIs bought of Rs. 1304 crores
POWERGRID
14864000
10.40
135.70
-0.11
with rise in OI. In call options, 8200 and 8300 strikes
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BHARTIARTL
19682400
10.22
324.25
-3.68
remained active. While in put options, we hardly saw any
strikes adding reasonable OI. Maximum buildup is seen
OI Losers
in 8000 call and 7500 put options. FIIs have been
OI
PRICE
continuously selling in cash segment and in Index Futures
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
too we are hardly seeing meaningful buying. We are
ULTRACEMCO
1023800
-5.97
2872.35
1.77
also observing more activity in put options with buying
OIL
5102400
-5.07
389.80
2.51
figures in FIIs options data in past few days. Seeing the
KSCL
1169250
-5.00
413.35
-1.62
above data, we believe one should avoid forming longs
DRREDDY
1908300
-4.34
3220.05
2.89
in Nifty and must trade stock specific.
ACC
1217250
-4.16
1365.80
0.99
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SOUTHBANK
34.00
NIFTY
0.87
0.77
HINDUNILVR
24.96
BANKNIFTY
1.14
0.79
BHARTIARTL
30.54
RELIANCE
0.56
0.50
JSWSTEEL
39.70
MARUTI
0.55
0.66
BPCL
31.51
LT
0.65
0.39
Strategy Date
Symbol
Strategy
Status
November 30, 2015
LT
Long Put
Active
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Technical & Derivatives Report
December 02, 2015
FII Statistics for 01-December 2015
Turnover on 01-December 2015
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1316.89
1639.66
(322.78)
274051
16060.09
6.41
196080
11102.31
6.40
FUTURES
FUTURES
INDEX
INDEX
14370.51
13066.32
1304.19
990662
58587.56
7.32
1619740
95829.11
28.66
OPTIONS
OPTIONS
STOCK
STOCK
3198.94
3402.97
(204.03)
971378
49263.90
2.27
FUTURES
447306
23316.01
-16.88
FUTURES
STOCK
1202.42
1191.01
11.41
33816
1703.82
17.82
STOCK
OPTIONS
180458
9706.50
-5.68
OPTIONS
TOTAL
20088.75
19299.96
788.79
2269907
125615.38
5.13
TOTAL
2443584
139953.92
13.54
Nifty Spot = 7954.90
Lot Size = 25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8000
121.40
Buy
7900
92.50
43.90
56.10
8043.90
30.05
69.95
7869.95
Sell
8100
77.50
Sell
7800
62.45
Buy
8000
121.40
Buy
7900
92.50
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75.15
124.85
8075.15
50.50
149.50
7849.50
Sell
8200
46.25
Sell
7700
42.00
Buy
8100
77.50
Buy
7800
62.45
31.25
68.75
8131.25
20.45
79.55
7779.55
Sell
8200
46.25
Sell
7700
42.00
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Dec. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
December 02, 2015
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,339
1,349
1,356
1,366
1,374
ADANIPORTS
256
260
265
268
273
AMBUJACEM
198
199
201
203
205
ASIANPAINT
825
835
841
851
858
AXISBANK
451
456
464
469
477
BAJAJ-AUTO
2,435
2,450
2,475
2,490
2,515
BANKBARODA
174
176
178
180
183
BHARTIARTL
312
317
327
332
341
BHEL
173
174
176
177
178
BOSCHLTD
18,457
18,575
18,737
18,855
19,017
BPCL
891
912
923
944
955
CAIRN
133
135
137
138
140
CIPLA
643
646
648
651
653
COALINDIA
327
334
339
346
350
DRREDDY
3,093
3,152
3,188
3,247
3,283
GAIL
349
354
361
366
373
GRASIM
3,692
3,713
3,744
3,765
3,796
HCLTECH
861
869
877
886
894
HDFC
1,208
1,216
1,222
1,231
1,237
HDFCBANK
1,069
1,076
1,080
1,087
1,092
HEROMOTOCO
2,641
2,660
2,689
2,707
2,736
HINDALCO
77
78
79
80
81
HINDUNILVR
802
818
827
843
852
ICICIBANK
271
273
275
276
278
IDEA
139
140
143
144
147
INDUSINDBK
929
936
940
947
952
INFY
1,060
1,070
1,082
1,092
1,104
ITC
339
343
345
349
351
KOTAKBANK
681
685
690
694
699
LT
1,347
1,356
1,369
1,378
1,392
LUPIN
1,782
1,797
1,807
1,822
1,833
M&M
1,344
1,356
1,369
1,381
1,394
MARUTI
4,483
4,520
4,568
4,604
4,653
NTPC
130
131
132
133
134
ONGC
230
233
236
238
241
PNB
142
143
144
145
147
POWERGRID
134
135
136
138
139
RELIANCE
951
959
969
976
986
SBIN
248
249
250
252
253
VEDL
90
92
93
95
97
SUNPHARMA
723
726
730
733
737
TATAMOTORS
409
413
420
424
431
TATAPOWER
65
66
67
68
69
TATASTEEL
227
232
235
241
244
TCS
2,345
2,353
2,366
2,374
2,387
TECHM
529
536
539
546
550
ULTRACEMCO
2,784
2,824
2,850
2,890
2,916
WIPRO
575
578
583
587
591
YESBANK
750
755
764
769
777
ZEEL
404
409
413
418
422
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Technical & Derivatives Report
December 02, 2015
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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