Technical & Derivatives Report
March 04, 2016
Sensex (24607) / Nifty (7476)
Exhibit 1: Nifty Daily Chart
For the third consecutive session, our benchmark index
opened with an upside gap, which is clearly a strong
sentimental development. The index then managed to hold
this lead and eventually added a bit to close with more than
100 points gain in Nifty. Technical speaking, Wednesday's
gap can be termed as a 'Breakaway Gap' which was followed
by a 'Continuation Gap' yesterday. This positive development
happens when we see sudden shift in sentiments in the
market. Thus, we expect this optimism to continue towards
7550 which coincides with the daily '89 EMA'. As per the gap
theory, this momentum continues until the third gap, which is
known as an 'Exhaustion Gap'. Unlike previous two gaps, this
gap gets filled completely, which leads to loss of momentum.
However, as of now, we do not see any possibility of this
development and thus, shouldn't be pre-empted. Traders are
advised to trade with a positive bias. On the downside, 7420 -
7380 would act as immediate support levels.
Key Levels
Support 1 - 7420
Resistance 1 - 7520
Support 2 - 7380
Resistance 2 -
7550
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (15178)
Yesterday, the Nifty Bank index opened with an upside gap of
around 62 points and started correcting from the first tick. But,
post the corrective move in the initial hour, the banking index
rebounded piercingly and continued to move higher to close
with a gain of 0.57 percent.
After a strident up move of around 1800 points in last four
sessions, the banking index is currently hovering around
38.20% retracement level of the previous down move from
18029.05 to 13407.25 on daily chart. Daily chart now depicts
a formation of ‘Doji’ candle, which may result into a minor
pull back move only below 15000; but, the overall bullish
momentum should remain intact. Going forward, the
immediate support for the index is placed at 15000 and
14767; whereas, resistance is seen at 15367 and 15495
levels.
Key Levels
Support 1 - 15000
Resistance 1 - 15367
Support 2 - 14767
Resistance 2 - 15495
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Technical & Derivatives Report
March 04, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 6.75%
BankNifty futures open interest has decreased by 3.30%
as market closed at 7475.60 levels.
The Nifty March future closed at a discount of 7.30
points against a discount of 26.05 points. The April
series closed at a discount of 0.60 points.
The Implied Volatility of at the money options has
decreased from 16.63% to 15.55%.
The total OI of the market is Rs. 2,07,280/- cr. and the
stock futures OI is Rs. 56,122/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, GMRINFRA, UNITECH, IDFC
and IFCI.
OI Gainers
Views
OI
PRICE
FIIs continue buying in both cash and F&O segment.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
They bought equities to the tune of Rs. 911 crores. While
KPIT
656000
121.62
152.05
6.74
in Index Futures, they were net buyers of Rs. 259 crores
MCDOWELL-N
437750
24.27
2498.20
-1.13
with decent rise in OI, suggesting fresh long formation
MINDTREE
1051600
16.38
1482.20
1.24
yesterday.
GRANULES
1410000
16.05
118.50
1.67
In Index Options front, FIIs bought of worth Rs. 455
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HAVELLS
3192000
14.33
278.70
-1.83
crores with decent amount of rise in OI. In call options,
we hardly saw any meaningful activity. Whereas, in put
OI Losers
options, 7200- 7400 strikes added good amount of fresh
OI
PRICE
build-up. Deep out the money put 6600 also added
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
decent OI, which may be writing. Maximum OI in current
CUMMINSIND
51600
-14.00
869.25
3.78
series is visible in 7500 call and 7000 put options.
WOCKPHARMA
2331000
-6.19
911.95
2.94
Seeing the quantum of buying in equities & Index Futures
APOLLOHOSP
975600
-5.98
1432.60
-4.65
from past three days, we believe Nifty may continue to
BATAINDIA
1668000
-5.07
492.50
4.05
show streng. Trade with a positive bias.
BHEL
31852000
-4.98
103.55
5.99
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JUSTDIAL
133.69
NIFTY
1.00
1.00
DRREDDY
44.40
BANKNIFTY
1.09
0.88
APOLLOHOSP
39.58
SBIN
0.77
0.48
LT
56.44
ICICIBANK
0.89
0.76
BHARATFORG
46.88
MARUTI
1.26
0.95
Strategy Date
Symbol
Strategy
Status
February 29, 2016
RELIANCE
Ratio Bull Call Spread
Active
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Technical & Derivatives Report
March 04, 2016
FII Statistics for 03-March 2016
Turnover on 03-March 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2269.63
2009.95
259.69
260649
14041.96
5.65
303723
15653.42
-25.84
FUTURES
FUTURES
INDEX
INDEX
26299.88
25844.89
455.00
1238245
68623.35
4.83
2774498
150690.91
-17.91
OPTIONS
OPTIONS
STOCK
3957.42
3701.35
256.07
1083567
48334.03
(0.01)
STOCK
FUTURES
587794
26091.14
-15.61
FUTURES
STOCK
STOCK
2137.47
2169.90
(32.43)
52498
2320.01
12.99
OPTIONS
314411
14138.05
-14.43
OPTIONS
TOTAL
34664.41
33726.08
938.33
2634959
133319.36
3.01
TOTAL
3980426
206573.53
-18.07
Nifty Spot = 7475.60
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7500
104.40
Buy
7400
110.20
40.15
59.85
7540.15
31.95
68.05
7368.05
Sell
7600
64.25
Sell
7300
78.25
Buy
7500
104.40
Buy
7400
110.20
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68.20
131.80
7568.20
55.00
145.00
7345.00
Sell
7700
36.20
Sell
7200
55.20
Buy
7600
64.25
Buy
7300
78.25
28.05
71.95
7628.05
23.05
76.95
7276.95
Sell
7700
36.20
Sell
7200
55.20
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 04, 2016
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,222
1,238
1,249
1,265
1,276
ADANIPORTS
213
220
225
232
237
AMBUJACEM
194
197
199
202
204
ASIANPAINT
858
869
883
894
908
AXISBANK
403
410
414
422
426
BAJAJ-AUTO
2,224
2,252
2,269
2,297
2,314
BANKBARODA
138
142
145
148
151
BHARTIARTL
320
327
331
338
342
BHEL
95
99
101
106
108
BOSCHLTD
16,661
16,974
17,175
17,488
17,689
BPCL
763
777
785
798
806
CAIRN
124
127
129
132
135
CIPLA
520
523
527
531
535
COALINDIA
307
310
314
317
321
DRREDDY
3,011
3,100
3,150
3,239
3,289
GAIL
302
321
335
354
368
GRASIM
3,400
3,448
3,489
3,537
3,578
HCLTECH
844
852
859
867
874
HDFC
1,094
1,109
1,122
1,138
1,151
HDFCBANK
1,005
1,011
1,015
1,021
1,025
HEROMOTOCO
2,776
2,801
2,825
2,850
2,874
HINDALCO
74
77
78
81
82
HINDUNILVR
840
844
850
855
861
ICICIBANK
211
215
218
221
224
IDEA
105
107
108
110
112
INDUSINDBK
879
887
893
901
907
INFY
1,133
1,151
1,172
1,190
1,211
ITC
312
315
320
323
328
KOTAKBANK
645
651
656
663
668
LT
1,108
1,157
1,184
1,234
1,261
LUPIN
1,741
1,762
1,787
1,809
1,834
M&M
1,187
1,201
1,215
1,229
1,243
MARUTI
3,542
3,575
3,611
3,644
3,680
NTPC
124
125
127
128
130
ONGC
190
194
197
201
204
PNB
75
77
79
81
83
POWERGRID
133
134
136
137
138
RELIANCE
989
1,001
1,009
1,021
1,030
SBIN
176
179
182
185
188
VEDL
75
80
83
87
90
SUNPHARMA
845
858
866
879
887
TATAMOTORS
314
326
333
344
351
TATAPOWER
58
59
59
60
61
TATASTEEL
266
276
283
293
300
TCS
2,265
2,319
2,355
2,409
2,445
TECHM
448
455
459
466
471
ULTRACEMCO
2,890
2,917
2,963
2,991
3,037
WIPRO
529
536
542
549
555
YESBANK
734
746
753
765
772
ZEEL
378
386
395
403
412
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Technical & Derivatives Report
March 04, 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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