Technical & Derivatives Report
March 03, 2016
Sensex (24243) / Nifty (7369)
Exhibit 1: Nifty Daily Chart
The bulls are certainly enjoying this u-turn that the markets
took on the ‘Union Budget Day’. A colossal rally on Tuesday
was followed by a massive gap up opening well beyond the
recent swing high of 7252. After a gradual intra day move,
the Nifty went on to post second consecutive day over two
percent gains.
As mentioned in the earlier report, the Nifty surpassed an
immediate hurdle of 7252; but, breaking this level with an
upside gap indicates strong conviction of the bulls in the
ongoing upward rally. The Nifty has even managed to close
beyond the 'Super Trend' indicator, which would provide
further impetus for an extended rally towards 7450 - 7500
levels. On the flip side, yesterday's low of 7308.15 would act
as a strong support for the Nifty. Going forward, the Nifty is
likely to trade with a positive bias; but, we do not expect
similar momentum to continue and thus, traders should focus
more on individual stocks.
Key Levels
Support 1 - 7308
Resistance 1 - 7450
Support 2 - 7250
Resistance 2 -
7500
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (15092)
In our yesterday's report, we had mentioned about the
possibility of short term up move and yesterday's move was
much on expected lines. The individual heavyweights
continued to show strength yesterday which is a positive sign.
As per the gap theory in technical analysis, yesterday's gap of
14445 - 14767 has now become an immediate support for
the index and thus any decline in near term could be used as
buying opportunity till the mentioned gap support zone is not
breached. Short term traders are hence advised to continue to
trade with positive bias. The immediate support for the index
in placed around 14747 and 14550 whereas resistances are
seen around 15340 and 15552.
Key Levels
Support 1 - 14747
Resistance 1 - 15340
Support 2 - 14550
Resistance 2 - 15552
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Technical & Derivatives Report
March 03, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 7.41%
BankNifty futures open interest has decreased by 9.53%
as market closed at 7368.85 levels.
The Nifty March future closed at a discount of 7.30
points against a premium of 6.75 points. The April series
closed at a premium of 19.55 points.
The Implied Volatility of at the money options has
decreased from 17.32% to 16.63%.
The total OI of the market is Rs. 1,98,660/- cr. and the
stock futures OI is Rs. 54,846/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, UNITECH, ADANIPOWER,
UCOBANK and GMRINFRA.
Views
FIIs after long time have been net buyers in equity
OI Gainers
segment; they bought to the tune of Rs. 1437 crores.
OI
PRICE
SCRIP
OI
PRICE
While in Index Futures, they continue buying of Rs. 1188
CHG. (%)
CHG. (%)
crores with decent rise in OI, suggesting fresh long
ICIL
145000
21.34
923.90
2.82
formation yesterday.
PIDILITIND
1078000
18.33
603.75
2.52
In Index Options front, FIIs bought significantly of Rs.
MCDOWELL-N
352250
16.93
2526.65
-4.97
4306 crores with good amount of rise in OI. In call
HINDZINC
2342400
13.14
162.75
-0.88
options, 7600 and 7800 strikes were quite active andng.com
MINDTREE
903600
11.83
1464.00
1.90
they also added fresh build-up. We believe these OI
additions in call options are long formation expecting
OI Losers
further strength. Some unwinding was also witness in
OI
PRICE
SCRIP
OI
PRICE
7200 and 7300 call options, which may be covering by
CHG. (%)
CHG. (%)
writers of these calls. Whereas, in put options, 7200 and
BANKBARODA
41397400
-10.46
145.40
6.21
7300 strikes added good amount of fresh build-up.
KSCL
1325250
-9.80
361.95
0.04
Maximum OI in current series is visible in 7500 call and
TATAELXSI
258000
-8.02
1824.30
1.04
7000 put options. Seeing the quantum of buying in
TVSMOTOR
2170000
-7.58
287.20
0.75
equities & Index Futures, we believe Nifty may test 7500.
BAJFINANCE
164500
-7.00
6360.55
1.89
Historical Volatility
Put-Call Ratio
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
0.93
0.80
SBIN
77.37
BANKNIFTY
1.06
0.70
NCC
72.32
SBIN
0.72
0.38
STAR
78.35
ICICIBANK
0.97
0.63
TECHM
42.28
ITC
1.50
1.23
M&M
45.61
Strategy Date
Symbol
Strategy
Status
Feruary 29, 2016
RELIANCE
Ratio Bull Call Spread
Active
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Technical & Derivatives Report
March 03, 2016
FII Statistics for 02-March 2016
Turnover on 02-March 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2916.29
2210.11
706.17
231519
11944.62
4.25
417224
21108.55
10.52
FUTURES
FUTURES
INDEX
INDEX
36770.25
31952.76
4817.49
1056860
56768.65
11.74
3418217
183573.02
-0.22
OPTIONS
OPTIONS
STOCK
4201.18
3706.08
495.10
1090497
46782.48
0.44
STOCK
FUTURES
697230
30916.58
20.01
FUTURES
STOCK
STOCK
1942.56
1808.32
134.24
39555
1655.01
36.52
OPTIONS
369535
16521.69
30.59
OPTIONS
TOTAL
45830.28
39677.27
6153.01
2418431
117150.76
5.95
TOTAL
4902206
252119.84
4.40
Nifty Spot = 7368.85
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7400
120.00
Buy
7300
116.60
42.50
57.50
7442.50
32.20
67.80
7267.80
Sell
7500
77.50
Sell
7200
84.40
Buy
7400
120.00
Buy
7300
116.60
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73.40
126.60
7473.40
55.55
144.45
7244.45
Sell
7600
46.60
Sell
7100
61.05
Buy
7500
77.50
Buy
7200
84.40
30.90
69.10
7530.90
23.35
76.65
7176.65
Sell
7600
46.60
Sell
7100
61.05
Note: Above mentioned Bullish or Bearish Spreads in Nifty (March Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
March 03, 2016
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,220
1,232
1,246
1,257
1,272
ADANIPORTS
203
211
217
225
230
AMBUJACEM
189
193
195
198
200
ASIANPAINT
859
865
873
880
888
AXISBANK
395
401
406
413
418
BAJAJ-AUTO
2,148
2,189
2,254
2,295
2,359
BANKBARODA
138
142
147
151
156
BHARTIARTL
318
322
325
329
332
BHEL
92
95
98
101
104
BOSCHLTD
16,505
16,691
16,965
17,151
17,425
BPCL
763
775
795
807
827
CAIRN
121
124
126
128
130
CIPLA
513
519
526
532
538
COALINDIA
304
307
314
317
324
DRREDDY
2,963
2,989
3,032
3,058
3,101
GAIL
313
318
324
330
335
GRASIM
3,403
3,427
3,458
3,482
3,512
HCLTECH
814
834
850
870
885
HDFC
1,065
1,082
1,095
1,112
1,125
HDFCBANK
988
998
1,004
1,014
1,020
HEROMOTOCO
2,636
2,722
2,790
2,875
2,944
HINDALCO
69
72
74
78
80
HINDUNILVR
820
835
845
860
870
ICICIBANK
207
214
218
224
228
IDEA
104
105
107
108
110
INDUSINDBK
858
870
883
896
909
INFY
1,110
1,133
1,148
1,171
1,187
ITC
309
314
324
329
339
KOTAKBANK
634
645
653
664
671
LT
1,123
1,130
1,141
1,148
1,158
LUPIN
1,728
1,755
1,787
1,814
1,846
M&M
1,139
1,169
1,220
1,250
1,300
MARUTI
3,506
3,559
3,593
3,647
3,681
NTPC
120
123
126
129
131
ONGC
190
192
195
197
200
PNB
76
77
78
80
81
POWERGRID
132
134
136
138
140
RELIANCE
980
991
998
1,009
1,017
SBIN
168
175
179
185
190
VEDL
74
76
78
80
83
SUNPHARMA
833
842
860
869
887
TATAMOTORS
308
312
319
324
331
TATAPOWER
58
58
59
60
60
TATASTEEL
256
262
266
272
276
TCS
2,228
2,273
2,302
2,347
2,375
TECHM
423
439
450
466
477
ULTRACEMCO
2,856
2,915
2,959
3,017
3,061
WIPRO
525
533
537
544
549
YESBANK
718
737
749
768
780
ZEEL
387
393
397
403
407
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Technical & Derivatives Report
March 03, 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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