Technical & Derivatives Report
February 05, 2016
Sensex (24338) / Nifty (7404)
Exhibit 1: Nifty Daily Chart
After two days of relentless selling, our markets opened with a
decent upside gap owing to positive global cues. The Nifty
extended this lead in the first half; but, similar to previous
sessions’, we saw a sharp decline across the broader market
to trim all early morning gains. However, a modest recovery
towards the fag end pushed the index tad above the 7400
mark.
Despite a weak close on Wednesday, we maintained our
stance of avoiding shorting and opted not to get carried away
by the momentum. We have been observing a strong support
in the zone of 7380 and 7320, which are 61.8% and 78.6%
retracement of the recent up move, respectively. We still
believe that Wednesday’s low of 7350.30 is likely to act as a
strong support in the coming session. As mentioned in our
previous report, the Nifty managed to give an hourly close
above 7420, which is a sign of strength. Thus, going forward,
we may see index moving towards 7460 - 7480 levels.
Key Levels
Support 1 - 7380
Resistance 1 - 7460
Support 2 - 7350
Resistance 2 -
7480
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (14869)
Amidst volatile trading session, the Nifty Bank index ended
yesterday's session with marginal gains of 0.24%. The January
month low of 14754.65 seem to be acting as a support for the
index and thus, it managed to marginally recover intraday
losses from the support level. The 'RSI Indicator' on 20th
January was around 25.96 when the index registered a low of
14754.65; whereas in yesterday's session, the index took a
support near the same low with 'RSI Indicator' at 32.83. The
higher 'RSI' indicates slower momentum in the corrective move
seen in last few trading sessions. It will be prudent to watch
whether the index is able to take a support near the January
low and even if the same is broken marginally, it could form a
'Positive Divergence'. The above probabilities are hinting a
limited downside in the index from current levels. Thus, traders
are advised not to create any short positions in the index and
wait for further development on the chart for short term
directional movement. The immediate support for the Nifty
Bank index is placed around 14755 and 14600; whereas,
resistances are seen around 15020 and 15280.
Key Levels
Support 1 - 14755
Resistance 1 - 15020
Support 2 - 14600
Resistance 2 - 15280
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Technical & Derivatives Report
February 05, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 2.10%
BankNifty futures open interest has increased by 1.19%
as market closed at 7404.00 levels.
The Nifty February future closed at a premium of 18.65
points against a premium of 21.70 points. The March
series closed at a premium of 33.70 points.
The Implied Volatility of at the money options has
decreased from 16.91% to 16.34%.
The total OI of the market is Rs. 2,02,698/- cr. and the
stock futures OI is Rs. 58,811/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, SYNDIBANK, JPASSOCIAT,
JINDALSTEL and IDFC.
OI Gainers
Views
OI
PRICE
FIIs were net net sellers in cash market segment to the
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
tune of Rs. 196 crores. While in Index Futures, they
TORNTPHARM
566800
28.58
1358.05
-1.89
bought worth Rs. 890 crores with some rise in open
ARVIND
4090200
18.41
289.25
-4.13
interest indicating blend of fresh longs and covering of
HEXAWARE
3768000
10.89
234.25
6.84
some shorts in last trading session.
SAIL
40401000
9.14
37.50
-0.27
In Index Options front, they were net buyers of Rs. 579
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NTPC
18620000
7.83
125.05
-2.00
crores with good amount of rise in OI. In call options,
7500-7700 strikes were active and they also added
OI Losers
some build-up. While in put options, we hardly saw any
OI
PRICE
meaningful activity. Maximum OI in current series is
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
visible in 7600 call and 7400 put options. Seeing the
BAJFINANCE
196375
-20.46
6368.10
-0.65
above data we believe one should avoid shorting in
UBL
877000
-16.75
813.55
1.50
Nifty. Ratio bull call spread using 7400 and 7600 call
APOLLOTYRE
8019000
-7.25
140.10
1.52
option can be a good strategy to trade in Nifty.
HAVELLS
5194000
-7.25
294.05
-0.34
TATAPOWER
24120000
-5.90
59.10
3.32
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HEXAWARE
52.49
NIFTY
0.80
0.74
WOCKPHARMA
88.87
BANKNIFTY
0.83
0.74
NMDC
47.90
SBIN
0.56
0.47
HINDPETRO
44.79
ICICIBANK
0.49
0.49
LUPIN
26.35
MARUTI
0.47
0.50
Strategy Date
Symbol
Strategy
Status
February 01, 2016
BHEL
Bull Call Spread
Active
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Technical & Derivatives Report
February 05, 2016
FII Statistics for 04-February 2016
Turnover on 04-February 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2008.93
1118.82
890.11
210414
11177.89
1.32
291534
15061.88
-1.57
FUTURES
FUTURES
INDEX
INDEX
29695.01
29115.74
579.28
1097748
60113.13
5.60
2912382
159641.73
-0.11
OPTIONS
OPTIONS
STOCK
4539.40
4509.34
30.05
1117520
48839.73
1.55
STOCK
FUTURES
637809
28163.84
9.50
FUTURES
STOCK
STOCK
2810.56
2808.33
2.23
51709
2245.77
12.28
OPTIONS
351109
16129.21
8.35
OPTIONS
TOTAL
39053.90
37552.24
1501.67
2477391
122376.53
3.49
TOTAL
4192834
218996.65
1.52
Nifty Spot = 7404.00
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7500
77.90
Buy
7300
73.20
34.80
65.20
7534.80
24.60
75.40
7275.40
Sell
7600
43.10
Sell
7200
48.60
Buy
7500
77.90
Buy
7300
73.20
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56.90
143.10
7556.90
41.60
158.40
7258.40
Sell
7700
21.00
Sell
7100
31.60
Buy
7600
43.10
Buy
7200
48.60
22.10
77.90
7622.10
17.00
83.00
7183.00
Sell
7700
21.00
Sell
7100
31.60
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Feb. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
February 05, 2016
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,243
1,257
1,267
1,281
1,291
ADANIPORTS
209
212
215
219
221
AMBUJACEM
191
193
195
198
199
ASIANPAINT
852
871
883
902
914
AXISBANK
368
375
381
388
394
BAJAJ-AUTO
2,237
2,274
2,332
2,369
2,427
BANKBARODA
119
121
123
125
127
BHARTIARTL
300
302
304
306
308
BHEL
125
127
129
132
134
BOSCHLTD
16,528
16,754
16,935
17,161
17,342
BPCL
808
820
836
848
864
CAIRN
117
120
123
126
128
CIPLA
523
537
554
567
584
COALINDIA
316
319
321
325
327
DRREDDY
2,930
2,969
3,009
3,048
3,088
GAIL
335
345
357
367
378
GRASIM
3,378
3,406
3,431
3,459
3,485
HCLTECH
838
853
864
878
890
HDFC
1,156
1,162
1,170
1,176
1,183
HDFCBANK
1,041
1,045
1,050
1,054
1,059
HEROMOTOCO
2,448
2,481
2,505
2,537
2,561
HINDALCO
66
67
69
70
72
HINDUNILVR
808
821
830
843
852
ICICIBANK
198
201
204
207
210
IDEA
95
98
101
104
108
INDUSINDBK
897
905
912
920
926
INFY
1,143
1,162
1,178
1,196
1,213
ITC
319
320
322
324
326
KOTAKBANK
663
670
675
682
687
LT
1,103
1,119
1,135
1,151
1,166
LUPIN
1,560
1,607
1,663
1,709
1,766
M&M
1,172
1,188
1,205
1,221
1,238
MARUTI
3,709
3,752
3,817
3,860
3,925
NTPC
121
123
127
130
134
ONGC
215
217
219
222
223
PNB
88
90
91
92
93
POWERGRID
141
144
146
149
150
RELIANCE
945
959
980
994
1,015
SBIN
155
159
164
168
174
VEDL
61
64
67
70
72
SUNPHARMA
804
820
834
850
864
TATAMOTORS
317
321
325
329
333
TATAPOWER
56
58
59
60
61
TATASTEEL
215
220
225
230
234
TCS
2,383
2,401
2,421
2,439
2,459
TECHM
457
463
471
477
485
ULTRACEMCO
2,722
2,746
2,779
2,803
2,836
WIPRO
550
555
558
563
566
YESBANK
733
746
767
780
801
ZEEL
387
393
402
409
418
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Technical & Derivatives Report
February 05, 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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