Technical & Derivatives Report
April 05, 2016
Sensex (25400) / Nifty (7759)
Exhibit 1: Nifty Daily Chart
The first trading session for the week began on a quite note;
wherein, Nifty traded in a range of 60 points and ended the
session with gains of 0.59% over its previous sessions close.
The Nifty index continued to trade with positive bias with market
breadth in favor of the advances. However, the index is trading in
the vicinity of the 7750-7800 zone, where there are confluence of
resistances in form of weekly ‘89EMA’, 61.8% retracement of the
corrective move from 8336 to 6826 and 127% retracement level
of the last down move from 7600 to 6826. Due to the RBI
monetary policy slated today, the index could trade with high
volatility and even if the index breaches 7800 mark in intraday, it
is imperative to wait for confirmations on breakout. Traders are
thus advised to keep booking profits on long positions at the
current resistance zone. The intraday support in Nifty are placed
around 7700 and 7640 whereas resistances are seen around
7800 and 7920.
Key Levels
Support 1 - 7700
Resistance 1 - 7800
Support 2 - 7640
Resistance 2 - 7920
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (16191)
Yesterday, the Nifty Bank index opened with upside gap of
around 60 points and started correcting from initial trades. Post
the correction in first half of the session; the banking index
rebounded in the later half and as a result, it trimmed off all its
intraday losses. Eventually, the Nifty Bank index ended with
marginal gains of 0.10 percent over its previous close.
Once again, the Nifty Bank index has struggled around 61.8%
retracement levels of the corrective move from 18029 to 13407,
which coincides with the ‘89 EMA’ on weekly chart. Though we
are observing multiple resistances placed at current juncture, yet
there is no sign of reversal. Going forward, the Nifty Bank index
has strong support at 15950 - 16000 zone and a sustainable
move below that levels may drag index to 15700 levels. On the
flipside resistance can be seen around 16302 - 16400. Since RBI
Monatory policy is slated today, we may see volatile price action
in banking stocks.
Key Levels
Support 1 - 15950
Resistance 1 - 16302
Support 2 - 15700
Resistance 2 - 16400
www.angelbroking.com
1
Technical & Derivatives Report
April 05, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.63%
BankNifty futures open interest has decreased by 7.24%
as market closed at 7758.80 levels.
The Nifty April future closed at a premium of 31.95
points against a premium of 35.70 points. The May
series closed at a premium of 61.90 points.
The Implied Volatility of at the money options has
increased from 15.62% to 15.88%.
The total OI of the market is Rs. 178,294/- cr. and the
stock futures OI is Rs. 53,635 /- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, JPASSOCIAT, IFCI, FEDERALBNK
and ANDHRABANK.
Views
FIIs continued buying in cash market segment; they
OI Gainers
bought equities to the tune of Rs. 237 crores. While in
OI
PRICE
Index Futures, they were marginal buyers with good
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
amount of rise in OI, suggesting blend of both long and
HINDZINC
6156800
30.35
186.50
1.25
short formation in last trading session.
GODREJCP
275600
14.07
1423.80
1.86
In Index Options front, FIIs were net sellers of Rs. 165
HINDALCO
39380000
12.59
89.60
2.69
crores with good amount of rise in OI. In call options,
ICIL
178500
10.19
1028.85
3.79
8000 strike continue to add fresh build-up, we believe itng.com
MCDOWELL-N
660000
9.95
2567.85
2.30
is short formation. Whereas, in put options, were hardly
saw any meaningful OI addition. Maximum OI in current
OI Losers
series is visible in 8000 call and 7500 put options. We
OI
PRICE
witnessed some profit booking and fresh short formation
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
by FIIs in Index Futures along with writing of call options.
DLF
31940000
-7.58
119.05
-2.10
We would suggest avoiding aggressive longs and to stay
IOC
5606400
-7.02
402.50
1.95
light in this market. Large cap counter that added good
M&M
3710000
-6.09
1248.30
3.95
amount of build-up are HINDALCO, HDFC, COALINDIA
EICHERMOT
170600
-3.91
19531.35
1.14
and HINDUNILVR.
CANBK
11754000
-3.00
198.70
-0.48
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HEXAWARE
48.63
NIFTY
0.85
0.88
IDEA
47.85
BANKNIFTY
0.82
0.76
M&M
35.17
SBIN
0.38
0.41
TATAPOWER
40.18
LUPIN
0.57
0.65
INFY
30.61
ICICIBANK
0.48
0.43
Strategy Date
Symbol
Strategy
Status
April 04, 2016
TCS
Ratio Bear Put Spread
Active
www.angelbroking.com
2
Technical & Derivatives Report
April 05, 2016
FII Statistics for 04-April 2016
Turnover on 04-April 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1161.38
1063.99
97.39
248232
14228.52
4.41
198913
10856.98
-33.19
FUTURES
FUTURES
INDEX
INDEX
16613.52
16778.51
(164.99)
869591
50253.90
5.64
1586311
90708.39
-26.92
OPTIONS
OPTIONS
STOCK
2954.84
3494.17
(539.34)
971203
45618.31
1.16
STOCK
FUTURES
411248
20134.89
-18.15
FUTURES
STOCK
STOCK
1570.68
1610.52
(39.85)
27514
1298.57
59.67
OPTIONS
175670
8806.16
-9.41
OPTIONS
TOTAL
22300.41
22947.19
(646.78)
2116540
111399.30
3.84
TOTAL
2372142
130506.42
-25.30
Nifty Spot = 7758.80
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7800
119.35
Buy
7700
91.35
46.25
53.75
7846.25
28.10
71.90
7671.90
Sell
7900
73.10
Sell
7600
63.25
Buy
7800
119.35
Buy
7700
91.35
www.angelbroking.com
78.60
121.40
7878.60
47.85
152.15
7652.15
Sell
8000
40.75
Sell
7500
43.50
Buy
7900
73.10
Buy
7600
63.25
32.35
67.65
7932.35
19.75
80.25
7580.25
Sell
8000
40.75
Sell
7500
43.50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (April Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
3
Technical & Derivatives Report
April 05, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,384
1,398
1,411
1,425
1,438
ADANIPORTS
236
239
244
248
253
AMBUJACEM
227
229
233
235
239
ASIANPAINT
857
871
880
895
903
AUROPHARMA
723
738
747
762
771
AXISBANK
437
441
446
450
456
BAJAJ-AUTO
2,401
2,424
2,451
2,475
2,502
BANKBARODA
147
149
152
154
156
BHEL
113
115
117
119
121
BPCL
872
879
888
896
905
BHARTIARTL
330
339
345
354
360
INFRATEL
368
375
381
388
395
BOSCH
19,573
19,828
20,070
20,324
20,567
CIPLA
508
511
515
518
522
COALINDIA
281
283
286
288
291
DRREDDY
2,970
2,991
3,018
3,038
3,065
EICHERMOT
19,167
19,336
19,453
19,622
19,739
GAIL
343
345
349
351
355
GRASIM
3,835
3,857
3,873
3,895
3,911
HCLTECH
805
823
832
850
859
HDFCBANK
1,060
1,064
1,069
1,073
1,077
HDFC
1,079
1,091
1,108
1,120
1,137
HEROMOTOCO
2,931
2,957
2,973
2,999
3,015
HINDALCO
85
87
89
91
93
HINDUNILVR
856
864
869
878
883
ICICIBANK
232
235
238
242
245
IDEA
105
109
112
116
119
INDUSINDBK
948
955
962
969
976
INFY
1,201
1,222
1,235
1,257
1,270
ITC
323
327
330
334
337
KOTAKBANK
669
678
684
693
699
LT
1,207
1,222
1,236
1,250
1,264
LUPIN
1,417
1,439
1,457
1,479
1,497
M&M
1,165
1,205
1,227
1,268
1,290
MARUTI
3,628
3,656
3,704
3,731
3,779
NTPC
129
130
131
132
133
ONGC
203
205
207
209
211
POWERGRID
137
138
139
140
141
RELIANCE
1,017
1,026
1,034
1,043
1,051
SBIN
190
192
195
197
200
SUNPHARMA
806
810
816
820
826
TCS
2,428
2,450
2,469
2,491
2,510
TATAMTRDVR
278
282
286
289
293
TATAMOTORS
379
384
387
392
396
TATAPOWER
64
66
68
70
72
TATASTEEL
311
316
319
324
328
TECHM
462
467
470
474
478
ULTRACEMCO
3,116
3,144
3,187
3,214
3,257
WIPRO
559
563
567
571
575
YESBANK
849
859
864
874
879
ZEEL
383
389
393
398
402
www.angelbroking.com
4
Technical & Derivatives Report
April 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]
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