Technical & Derivatives Report
November 04, 2016
Sensex (27430) / Nifty (8485)
Exhibit 1: Nifty Daily Chart
Yesterday's session opened lower as indicated by the SGX Nifty.
However, the Nifty immediately give a decent recovery after
posting an early morning low 8489. Subsequently, index traded
with a mild positive bias for the major part of the session.
However, as expected, the index struggled around the 8540 mark
which eventually led to a sharp decline to close at the lowest point
of the day.
Finally, we witnessed much awaited close below the crucial and
strong support of 8500. This has justified our recent bearish view
on the market. Going forward, we expect the index to remain
under pressure and immediately slide towards 8420 - 8380
levels. On the upside, 8520 - 8550 would act as an intraday
resistance zone.
Key Levels
Support 1 - 8420
Resistance 1 - 8520
Support 2 - 8380
Resistance 2 - 8550
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (19179)
The Nifty Bank index traded in a narrow range yesterday and
ended the session with marginal loss of 0.26 percent.
Although the overall market breadth was much negative
yesterday, the Nifty Bank index traded in a narrow range owing to
the outperformance seen in the index heavyweights. However, the
midcap space witnessed selling pressure which resulted in stock
specific move within the sector. On daily chart, the Nifty Bank
index is approaching the '89 DEMA' support zone around 19030.
On intraday basis, the index is expected to take support in the
support range of 19030-19100. However, unless any reversal
signs seen on the index, we continue to advise traders to remain
cautious and focus on stock specific moves with proper risk
management. The resistances for the day are seen around 19300
and 19460.
Key Levels
Support 1 - 19100
Resistance 1 - 19300
Support 2 - 19030
Resistance 2 - 19460
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Technical & Derivatives Report
November 04, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.50%
BankNifty futures open interest has decreased by 0.46%
as market closed at 8484.95 levels.
The Nifty November future closed with a premium of
32.95 against the premium of 28.60 points in last
trading session. The December series closed at a
premium of 84.35 points.
The Implied Volatility of at the money options has
decreased from 16.12% to 15.65%. At the same time,
the PCR-OI of Nifty has decreased from 0.95 to 0.93
levels.
The total OI of the market is Rs. 2,56,099/- cr. and the
stock futures OI is Rs. 75,645/- cr.
Few of the liquid counters where we have seen high cost
of carry are MCLEODRUSS, KPIT, ADANIPOWER,
HDFCBANK and NHPC.
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. 707
DISHTV
56392000
23.29
89.40
-4.44
crores. While, in index futures, they were net seller to the
CESC
1926100
14.67
594.00
-5.32
tune of Rs. 416 crores with some fall in open interest,
DCBBANK
1962000
13.84
128.95
1.58
indicating long unwinding in yesterday’s trading session.ing.com
UBL
1780100
13.68
872.70
0.33
On Index Options front, FIIs bought of worth Rs. 1160
LICHSGFIN
9080500
12.93
552.85
-3.73
crores with good amount of rise in OI. In call options,
AMBUJACEM
13307500
10.30
243.25
0.89
some build-up was seen in 8700, 8800 and 9000
APOLLOHOSP
550800
9.98
1284.50
-1.85
strikes. On the other hand, in put options, 8000 and
PETRONET
6784500
8.52
357.65
-3.04
8200 strikes were active and they also added some fresh
positions. Maximum OI in November series is placed at
9000 call and of put options has been shifted to 8400
OI Losers
strike price.
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
From last three sessions, we are witnessing good amount
HEROMOTOCO
1184000
-13.17
3380.55
1.26
of long unwinding and fresh short formation in Index
CEATLTD
1301300
-8.51
1236.55
2.23
Futures by stronger hands. They have also been
OIL
1300500
-8.49
408.00
-0.54
countinously buying put options and writing out the
HINDUNILVR
5566800
-8.07
842.10
-0.04
money call options since past few days. Looking at the
STAR
1930000
-7.48
1122.35
6.98
above data, we believe market may continue to remain
NMDC
14166000
-5.90
133.15
-3.83
under pressure. Thus, traders can buy 8400 put options
to trade in Nifty.
ARVIND
6808000
-5.73
408.00
-1.46
M&MFIN
11955000
-5.64
350.95
-0.23
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CESC
38.97
NIFTY
0.93
0.86
STAR
62.52
BANKNIFTY
0.84
0.98
IBULHSGFIN
36.70
AXISBANK
0.42
0.45
HINDPETRO
36.47
RELIANCE
0.46
0.39
LICHSGFIN
39.53
SBIN
0.65
0.66
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Technical & Derivatives Report
November 04, 2016
FII Statistics for November 03, 2016
Turnover on November 03, 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1153.28
1569.45
(416.17)
205260
13573.70
(2.40)
198203
13624.51
-7.92
FUTURES
FUTURES
INDEX
INDEX
38160.68
37000.69
1159.98
895468
58051.72
4.67
6056514
449832.89
58.29
OPTIONS
OPTIONS
STOCK
5944.81
6283.46
(338.65)
878608
55747.44
1.02
STOCK
FUTURES
524126
36288.01
6.33
FUTURES
STOCK
STOCK
3966.77
3951.37
15.40
67297
4496.64
13.96
OPTIONS
287215
20826.00
2.70
OPTIONS
TOTAL
49225.54
48804.97
420.57
2046633
131869.50
2.61
TOTAL
7066058
520571.42
47.31
Nifty Spot = 8484.95
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8600
86.20
Buy
8400
82.00
36.15
63.85
8636.15
25.05
74.95
8374.95
Sell
8700
50.05
Sell
8300
56.95
Buy
8600
86.20
Buy
8400
82.00
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60.05
139.95
8660.05
42.55
157.45
8357.45
Sell
8800
26.15
Sell
8200
39.45
Buy
8700
50.05
Buy
8300
56.95
23.90
76.10
8723.90
17.50
82.50
8282.50
Sell
8800
26.15
Sell
8200
39.45
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
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Technical & Derivatives Report
November 04, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1 473
1 491
1 506
1 525
1 540
ADANIPORTS
278
283
292
298
307
AMBUJACEM
232
237
241
247
251
ASIANPAINT
1 007
1 022
1 049
1 064
1 090
AUROPHARMA
749
759
777
787
805
AXISBANK
470
473
476
479
483
BAJAJ-AUTO
2 761
2 796
2 824
2 859
2 887
BANKBARODA
143
145
148
150
153
BHEL
135
136
138
140
141
BPCL
626
635
650
658
673
BHARTIARTL
300
304
310
314
320
INFRATEL
356
368
376
389
397
BOSCH
21 133
21 322
21 598
21 787
22 063
CIPLA
552
556
560
564
568
COALINDIA
322
325
328
330
334
DRREDDY
3 234
3 248
3 269
3 283
3 304
EICHERMOT
23 986
24 268
24 684
24 966
25 382
GAIL
419
424
429
433
438
GRASIM
871
890
916
936
962
HCLTECH
756
759
764
768
773
HDFCBANK
1 221
1 238
1 249
1 266
1 277
HDFC
1 387
1 394
1 403
1 410
1 419
HEROMOTOCO
3 286
3 332
3 367
3 413
3 447
HINDALCO
152
158
162
167
172
HINDUNILVR
827
833
841
847
855
ICICIBANK
264
267
272
275
280
IDEA
71
73
74
75
77
INDUSINDBK
1 210
1 221
1 227
1 238
1 244
INFY
954
961
971
978
988
ITC
233
237
240
243
246
KOTAKBANK
791
798
805
812
819
LT
1 426
1 435
1 451
1 460
1 476
LUPIN
1 442
1 456
1 479
1 493
1 515
M&M
1 341
1 351
1 363
1 373
1 386
MARUTI
5 735
5 770
5 815
5 850
5 895
NTPC
149
151
154
156
159
ONGC
263
265
270
272
277
POWERGRID
174
174
175
176
176
RELIANCE
1 012
1 018
1 026
1 032
1 041
SBIN
240
243
248
251
256
SUNPHARMA
690
697
707
714
724
TCS
2 262
2 291
2 313
2 341
2 363
TATAMTRDVR
323
327
333
337
343
TATAMOTORS
496
503
512
519
529
TATAPOWER
75
76
77
78
79
TATASTEEL
386
395
407
416
428
TECHM
420
424
428
432
436
ULTRACEMCO
3 855
3 881
3 907
3 933
3 959
WIPRO
437
442
451
456
465
YESBANK
1 146
1 178
1 221
1 253
1 296
ZEEL
492
497
502
508
513
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Technical & Derivatives Report
November 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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