Technical & Derivatives Report
May 4, 2016
Sensex (25230) / Nifty (7747)
Exhibit 1: Nifty Daily Chart
Yesterday's session opened with a mildly negative bias citing
negative cues from the Asian bourses. Subsequently, we witnessed
a sudden spurt in the market to gain nearly a percent. Everything
looked as per our expectations till the mid session; but, once
again the global concerns spooked our market participants,
resulting into a nosedive to end the session on a negative note.
We have been mentioning about the strong support at 7750 on a
closing basis. This support has now been violated with a very
small margin and thus, we do not consider this as a breakdown.
We would rather wait for further developments to happen in
today's session. If Nifty manages to stay below yesterday's low
consistently then we may see this weakness extending towards
7680 levels. However, in case of some recovery beyond the 7780
mark on sustainable basis may provide some hope for the bulls.
Thus, going forward, traders are advised to keep a tab on
mentioned levels to form a clear view on the index.
Key Levels
Support 1 - 7725
Resistance 1 - 7780
Support 2 - 7680
Resistance 2 - 7820
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (16389)
Amidst volatile trading session, the Nifty Bank index ended
yesterday's session with loss of 0.93 percent over its previous
session’s close.
During the opening hour, the index pulled back higher and raised
hopes of resumption of the uptrend. However, during the latter
half, the bears came back roaring and took complete control over
the market proceedings. The index ended the session in the gap
area created during the up move and tad above the previous
high around 16280. Although, there is a support placed in the
index at the mentioned level, the momentum is in favor of the
bears and thus, it needs to be seen whether it is defended
successfully by the bulls. Breach of the mentioned support could
drag the index up to 15925, whereas yesterday's high of 16720
would now be the immediate resistance for the index.
Key Levels
Support 1 - 16280
Resistance 1 - 16580
Support 2 - 15925
Resistance 2 - 16720
www.angelbroking.com
1
Technical & Derivatives Report
May 04, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.72%
BankNifty futures open interest has increased by 6.39%
as market closed at 7747.00 levels.
The Nifty May future closed at a premium of 36.80
points against a premium of 34.20 points. The June
series closed at a premium of 49.70 points.
The Implied Volatility of at the money options has
increased from 15.54% to 16.66%.
The total OI of the market is Rs. 1,94,579/- cr. and the
stock futures OI is Rs. 58,365/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, SOUTHBANK, JINDALSTEL,
GRANULES and SRTRANSFIN.
Views
OI Gainers
FIIs were net sellers in both cash market and Index
OI
PRICE
Futures segment. They sold equities to the tune of
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Rs. 755 crores. While in Index Futures, they sold worth
TVSMOTOR
7288000
52.92
289.40
-9.65
Rs. 984 crores with fall in OI, which suggests long
CUMMINSIND
281400
29.56
899.30
0.58
unwinding in last trading session.
SRTRANSFIN
3114000
15.21
1050.65
-3.65
In Index Options front, FIIs bought of Rs. 437 crores with
MRF
51345
11.79
33509.45
-2.68
decent rise in OI. In call options, 7900, 8000 and 8200ng.com
HCLTECH
11048400
10.10
727.00
-1.93
strikes were active and they also added decent amount of
open interest. While in put options, the overall activity
OI Losers
was subdued. Maximum OI in May series is visible in
OI
PRICE
8200 call and 7700 put options. From last three trading
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
session, we are witnessing good amount of long
AMARAJABAT
670800
-9.40
958.65
-0.64
unwinding followed by some short formation in Index
PETRONET
5157000
-8.81
273.00
1.62
Futures. 7700 is the immediate support for Nifty; we
INFRATEL
3642600
-8.79
384.70
1.87
advise traders to remain light in this market till we see
CAIRN
11363000
-8.00
145.95
-3.63
any meaningful fresh positions in either direction.
VEDL
52360000
-6.76
110.50
-0.90
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TVSMOTOR
60.18
NIFTY
0.86
0.90
MARICO
41.84
BANKNIFTY
0.90
0.86
AUROPHARMA
38.08
ICICIBANK
0.44
0.53
COALINDIA
32.21
RELIANCE
0.41
0.38
CENTURYTEX
48.14
SBIN
0.58
0.48
Strategy Date
Symbol
Strategy
Status
02-05-2016
NIFTY
Long Strangle
Active
www.angelbroking.com
2
Technical & Derivatives Report
May 04, 2016
FII Statistics for 03-May 2016
Turnover on 03-May 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1410.61
2394.64
(984.03)
274757
15669.89
(4.28)
387924
21641.41
49.27
FUTURES
FUTURES
INDEX
INDEX
31621.65
31184.34
437.31
859223
49520.72
6.96
3296865
193066.91
70.59
OPTIONS
OPTIONS
STOCK
4590.25
4991.42
(401.17)
964492
46342.50
0.99
STOCK
FUTURES
614793
31616.60
21.21
FUTURES
STOCK
STOCK
2442.77
2428.24
14.52
38571
1905.17
30.54
OPTIONS
296373
15560.90
24.36
OPTIONS
TOTAL
40065.27
40998.65
(933.37)
2137043
113438.27
2.99
TOTAL
4595955
261885.82
57.51
Nifty Spot = 7747.00
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7800
116.55
Buy
7700
92.65
43.65
56.35
7843.65
29.35
70.65
7670.65
Sell
7900
72.90
Sell
7600
63.30
Buy
7800
116.55
Buy
7700
92.65
www.angelbroking.com
73.75
126.25
7873.75
50.25
149.75
7649.75
Sell
8000
42.80
Sell
7500
42.40
Buy
7900
72.90
Buy
7600
63.30
30.10
69.90
7930.10
20.90
79.10
7579.10
Sell
8000
42.80
Sell
7500
42.40
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
3
Technical & Derivatives Report
May 04, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,395
1,408
1,426
1,439
1,458
ADANIPORTS
227
231
237
241
247
AMBUJACEM
213
216
221
224
229
ASIANPAINT
853
863
875
884
896
AUROPHARMA
763
783
797
817
831
AXISBANK
462
466
471
475
479
BAJAJ-AUTO
2,422
2,442
2,471
2,491
2,519
BANKBARODA
148
150
155
158
162
BHEL
120
122
126
128
132
BPCL
936
945
960
970
985
BHARTIARTL
353
361
366
373
378
INFRATEL
374
379
383
388
393
BOSCH
19,009
19,223
19,563
19,777
20,117
CIPLA
516
527
537
547
557
COALINDIA
270
275
282
286
294
DRREDDY
2,903
2,931
2,980
3,008
3,056
EICHERMOT
19,541
19,761
20,020
20,241
20,500
GAIL
358
361
365
369
373
GRASIM
4,015
4,079
4,129
4,193
4,243
HCLTECH
713
720
734
742
756
HDFCBANK
1,100
1,109
1,122
1,131
1,144
HDFC
1,082
1,091
1,104
1,112
1,125
HEROMOTOCO
2,805
2,845
2,903
2,943
3,001
HINDALCO
94
95
98
99
102
HINDUNILVR
835
843
856
864
877
ICICIBANK
214
217
224
227
234
IDEA
115
118
119
122
124
INDUSINDBK
1,018
1,028
1,043
1,053
1,067
INFY
1,147
1,162
1,187
1,203
1,228
ITC
308
312
318
322
327
KOTAKBANK
686
697
710
721
734
LT
1,222
1,237
1,260
1,275
1,298
LUPIN
1,524
1,550
1,591
1,617
1,658
M&M
1,295
1,310
1,331
1,347
1,368
MARUTI
3,748
3,784
3,832
3,867
3,915
NTPC
132
134
138
140
144
ONGC
209
212
216
219
223
POWERGRID
141
143
145
147
149
RELIANCE
959
967
981
990
1,003
SBIN
180
182
186
188
191
SUNPHARMA
764
781
797
815
831
TCS
2,435
2,457
2,493
2,515
2,551
TATAMTRDVR
290
295
303
309
317
TATAMOTORS
399
404
413
419
427
TATAPOWER
69
70
72
73
75
TATASTEEL
342
345
351
354
359
TECHM
453
460
472
479
490
ULTRACEMCO
3,151
3,183
3,214
3,246
3,277
WIPRO
534
539
544
549
555
YESBANK
913
922
937
946
961
ZEEL
411
415
419
423
427
www.angelbroking.com
4
Technical & Derivatives Report
May 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]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and MCX Stock Exchange Limited. It is also registered as a Depository Participant with CDSL and
Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a
registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number
INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing
/dealing in securities Market. Angel or its associates including its relatives/analyst do not hold any financial interest/beneficial
ownership of more than 1% in the company covered by Analyst. Angel or its associates/analyst has not received any compensation /
managed or co-managed public offering of securities of the company covered by Analyst during the past twelve months. Angel/analyst
has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market making activity
of the company covered by Analyst.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
Note: Please refer to the important ‘Stock Holding Disclosure' report on the Angel website (Research Section). Also, please refer to the
latest update on respective stocks for the disclosure status in respect of those stocks. Angel Broking Pvt. Limited and its affiliates may
have investment positions in the stocks recommended in this report.
www.angelbroking.com
5