Technical & Derivatives Report
October 05, 2016
Sensex (28335) / Nifty (8769)
Exhibit 1: Nifty Daily Chart
Yesterday's session opened with a marginal upside gap owing to
positive global cues. The index then slipped into a consolidation
mode ahead of RBI Monetary policy. Post the announcement, we
witnessed a bit of volatility in the market; but overall range was
very narrow and eventually, the Nifty ended the session with less
than half a percent gains.
In last three sessions, we have seen a decent recovery in the
market. Yesterday's too we witnessed trading activity well inside
the positive territory throughout the day. However, the movement
post the RBI Monetary policy was not so encouraging and hence,
it somehow coincides with our recent cautious stance on the
market. We maintain our view that traders should lighten up their
longs as 8780 - 8820 seems to be a stiff hurdle for the Nifty and
till it remains unbroken, we would not be surprised to see a
corrective move in the market to retest 8650 - 8600 levels.
Key Levels
Support 1 - 8650
Resistance 1 - 8780
Support 2 - 8600
Resistance 2 - 8820
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (19677)
Yesterday, the Nifty Bank index opened with marginal gains and
moved lower in initial hour of trade. But, this corrective move was
short lived as we witnessed some buying emerging at lower levels.
Post the announcement of 25bps rate cut by RBI, the banking
index rallied towards the fag end and eventually ended the
session with gains of 0.43 percent over its previous close.
From last three sessions, the Nifty Bank index is trading within the
range of Thursday’s trading activity and thus formed a ‘Three
Inside Bar’ pattern on the daily chart. The daily chart also depicts
a formation of a ‘Doji’ candle. Above mentioned patterns can be
a reversal signal if index fails to cross 19800 levels and we would
rather vouch for it. Hence, traders are advised to remain light and
trade with a proper exit strategy. The near term support for the
index is placed in range of 19527-19330; whereas, resistances
are seen around 19800 and19902.
Key Levels
Support 1 - 19527
Resistance 1 - 19800
Support 2 - 19330
Resistance 2 - 19902
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Technical & Derivatives Report
October 05, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.27%
BankNifty futures open interest has increased by 1.77%
as market closed at 8769.15 levels.
The Nifty October future closed with a premium of 30.55
against the premium of 41.00 points in last trading
session. The November series closed at a premium of
73.65 points.
The Implied Volatility of at the money options has
decreased from 13.89% to 13.41%. At the same time,
the PCR-OI of Nifty has increased from 0.94 to 0.97.
The total OI of the market is Rs. 2,50,401/- cr. and the
stock futures OI is Rs. 77,788/- cr.
Few of the liquid counters where we have seen high cost
of carry are IFCI, JPASSOCIAT, HINDALCO,
SOUTHBANK and MCLEODRUSS.
Views
OI Gainers
FIIs were net buyers in both cash market segment and
OI
PRICE
index futures. They bought equities of worth Rs.
344
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
crores. While, in index future, they were net buyers of
DCBBANK
1228500
96.40
128.90
0.47
Rs. 347 crores with good amount of rise in OI, indicating
AMARAJABAT
598200
43.25
1070.70
3.31
some long formation in last trading session.
IGL
1983300
30.37
842.95
5.85
On Index Options front, FIIs bought towthegtuneoofng.com
HAVELLS
2936000
19.25
453.45
4.45
Rs. 925 crores with rise in OI. In call options, we hardly
OIL
1111800
18.69
417.80
-0.01
saw any meaningful open interest addition. On the other
TORNTPOWER
546000
18.18
180.80
-0.41
hand in put options, we saw good amount of open
AJANTPHARM
399600
15.89
2050.50
-2.33
interest adittion in 8700 and 8800 strikes. We believe,
TORNTPHARM
215600
13.95
1652.80
-0.99
these are long formation in the hopes of market
correcting to 8600 level. Highest OI in October series is
placed at 9000 call and 8600 put option.
OI Losers
Despite market bouncing after the monetary policy
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
results, we hardly saw any significant buildup in Nifty
PIDILITIND
2128000
-14.16
741.25
2.00
and BankNifty Futures yesterday. In fact, heavy weight
UNIONBANK
11896000
-7.09
152.50
6.09
counters which gave positive closing didn’t add relevent
SRF
429000
-6.43
1876.40
-2.20
positions in bounce. Thus, we would suggest traders to
KSCL
2679000
-5.10
384.25
0.99
avoid getting carried away with this move.
TVSMOTOR
5598000
-4.99
378.20
-0.17
Large cap counter that added good amount of open
IBREALEST
42960000
-4.89
93.95
-0.53
interest
are
HINDALCO, BANKBARODA, LT,
RELINFRA
11689600
-4.81
593.50
-1.02
AMBUJACEM and HINDUNILVR.
ARVIND
4724000
-4.57
357.35
0.31
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
IGL
39.56
NIFTY
0.97
0.93
UBL
44.28
BANKNIFTY
0.98
0.88
ONGC
38.71
RELIANCE
0.55
0.56
GAIL
38.32
ICICIBANK
0.46
0.51
HAVELLS
36.89
SBIN
0.67
0.48
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Technical & Derivatives Report
October 05, 2016
FII Statistics for 04, October 2016
Turnover on 04, October 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2869.78
2522.44
347.34
267596
18047.52
4.01
240893
17078.29
0.01
FUTURES
FUTURES
INDEX
INDEX
39749.22
38824.23
924.98
911251
60961.07
1.96
3321930
241782.97
20.61
OPTIONS
OPTIONS
STOCK
7421.71
7452.69
(30.98)
850558
57092.41
0.32
STOCK
FUTURES
576946
42729.40
2.09
FUTURES
STOCK
STOCK
4314.79
4293.06
21.73
51734
3588.70
18.84
OPTIONS
299981
22592.08
9.51
OPTIONS
TOTAL
54355.49
53092.41
1263.08
2081139
139689.71
1.90
TOTAL
4439750
324182.75
15.77
Nifty Spot = 8769.15
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8800
116.60
Buy
8800
117.95
48.25
51.75
8848.25
35.50
64.50
8764.50
Sell
8900
68.35
Sell
8700
82.45
Buy
8800
116.60
Buy
8800
117.95
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80.05
119.95
8880.05
60.70
139.30
8739.30
Sell
9000
36.55
Sell
8600
57.25
Buy
8900
68.35
Buy
8700
82.45
31.80
68.20
8931.80
25.20
74.80
8674.80
Sell
9000
36.55
Sell
8600
57.25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (October Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
October 05, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,613
1,625
1,634
1,646
1,656
ADANIPORTS
261
265
267
271
274
AMBUJACEM
251
253
257
260
264
ASIANPAINT
1,168
1,180
1,192
1,204
1,215
AUROPHARMA
853
860
872
879
890
AXISBANK
535
541
547
553
559
BAJAJ-AUTO
2,855
2,875
2,896
2,915
2,937
BANKBARODA
163
167
169
172
175
BHEL
136
137
138
139
140
BPCL
624
631
635
642
646
BHARTIARTL
313
318
322
327
330
INFRATEL
357
363
367
374
378
BOSCH
22,523
22,681
22,860
23,018
23,198
CIPLA
584
591
597
604
611
COALINDIA
314
317
323
327
333
DRREDDY
3,120
3,134
3,157
3,171
3,193
EICHERMOT
25,285
25,564
25,821
26,099
26,356
GAIL
374
388
400
414
426
GRASIM
4,856
4,887
4,911
4,941
4,966
HCLTECH
805
812
816
823
827
HDFCBANK
1,276
1,283
1,289
1,296
1,302
HDFC
1,409
1,421
1,428
1,440
1,447
HEROMOTOCO
3,469
3,502
3,548
3,580
3,627
HINDALCO
150
152
155
157
160
HINDUNILVR
851
855
864
869
877
ICICIBANK
253
255
258
260
263
IDEA
79
80
81
82
83
INDUSINDBK
1,204
1,214
1,225
1,236
1,247
INFY
1,033
1,041
1,046
1,054
1,059
ITC
238
240
242
243
245
KOTAKBANK
776
784
790
798
805
LT
1,421
1,435
1,457
1,471
1,494
LUPIN
1,466
1,477
1,493
1,504
1,519
M&M
1,383
1,399
1,427
1,443
1,471
MARUTI
5,615
5,647
5,683
5,715
5,751
NTPC
149
151
152
153
154
ONGC
256
265
270
279
283
POWERGRID
179
180
181
182
184
RELIANCE
1,083
1,089
1,099
1,106
1,115
SBIN
250
255
259
263
267
SUNPHARMA
752
758
766
772
779
TCS
2,382
2,394
2,409
2,421
2,436
TATAMTRDVR
342
345
348
352
355
TATAMOTORS
536
543
548
555
559
TATAPOWER
76
77
77
78
79
TATASTEEL
378
385
389
395
399
TECHM
418
423
428
433
437
ULTRACEMCO
3,901
3,927
3,959
3,985
4,016
WIPRO
476
479
482
485
488
YESBANK
1,261
1,272
1,282
1,294
1,304
ZEEL
546
555
567
576
589
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Technical & Derivatives Report
October 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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