Technical & Derivatives Report
December 05, 2016
Sensex (26231) / Nifty (8087)
Exhibit 1: Nifty Daily Chart
We saw a fair bit of action in the concluded week and the last
couple of sessions were slightly tricky to catch for most of the
market participants, including us.
Now as far as weekly chart is concerned, the 'Dragonfly Doji',
formed around the 50% retracement (of the entire rally from
February lows) during the previous week, is still intact. Hence, as
long as the low of 7916.40 level is not violated, we would like to
stay on the optimistic side. In addition, the ‘RSI-Smoothened’
momentum oscillator on daily chart has now surpassed the 30
mark and is moving in a northward direction, which we believe
would provide an impetus for the next upward leg of the rally.
Hence, although, this week's high of 8250.80 would be a
daunting task to overcome, we would still expect a possibility of
extending this to bounce back to 8320 - 8380 level. On the
flipside, 8055 - 7952 would be seen as an immediate support
zone in the forthcoming week. Traders are advised to focus on
stock specific actions by following a proper risk management
strategy.
Key Levels
Support 1 - 8055
Resistance 1 - 8150
Support 2 - 7952
Resistance 2 - 8210
Nifty Bank Outlook - (18248)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index started the Friday’s session with a gap down
opening and traded with negative bias. However, due to a sharp
recovery in late afternoon, the index recovered all the losses and
at one point of time, it traded in positive zone. The upmove,
however, was short-lived as the index then corrected again to end
the volatile session with loss of 0.98 percent
The last two days of corrective move in the Nifty Bank index was
unexpected post the index posting a firm close above the '5DEMA'
on Wednesday. The index has closed tad above the crucial
support of 18143. Only if the index breaches the mentioned
support, then the correction could extend upto 17770, which is
the 200 SMA on daily charts. Citing recent volatility, it's difficult to
form a firm view on the index, although, we would still refrain
from creating short positions. Thus, we advise traders to focus on
stock specific moves and follow strict money management
strategy. The intraday supports for the Nifty Bank index are
placed around 18143 and 17910 whereas resistances are seen
around 18490 and 18590.
Key Levels
Support 1 - 18143
Resistance 1 - 18490
Support 2 - 17910
Resistance 2 - 18590
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Technical & Derivatives Report
December 05, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.66%
BankNifty futures open interest has increased by 3.95%
as market closed at 8086.80 levels.
The Nifty December future closed with a premium of
22.10 against the premium of 19.10 points in last
trading session. The January series closed at a premium
of 57.75 points.
The Implied Volatility of at the money options has
increased from 14.41% to 15.62%. At the same time, the
PCR-OI of Nifty has decreased from 1.06 to 1.03 levels.
The total OI of the market is Rs. 2,23,655/- cr. and the
stock futures OI is Rs. 65,693/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, BHARATFIN, HINDALCO, -
NMDC and APOLLOHOSP.
Views
OI Gainers
On Friday, FIIs remained net seller in cash market
OI
PRICE
SCRIP
OI
PRICE
segment. They sold equities worth Rs. 191 crores. While,
CHG. (%)
CHG. (%)
in index futures, they were net buyers worth Rs.
242
UNIONBANK
13412000
15.58
142.60
-3.78
crores with fall in open interest, indicating covering of
PCJEWELLER
1162500
9.15
348.50
-0.87
shorts in previous trading session.
VOLTAS
4110000
8.73
304.30
-0.86
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In Index options segment, FIIs were net buyers of Rs. 398
KOTAKBANK
8146400
7.69
727.15
-2.55
crores with some rise in open interest. In call options,
ASIANPAINT
4882800
6.94
909.80
-3.57
8200 strike was quite active and added decent amount
ARVIND
5414000
6.07
340.90
-3.61
of positions. While in put options, we hardly witness any
INDUSINDBK
4621200
4.90
1062.05
-1.82
relevant open interest addition. However, decent amount
IGL
1553200
4.83
818.60
-2.54
of unwinding was visible in 8100 and 8200 put options.
Highest OI in current series is visible in 8300 call and
OI Losers
8000 put option.
OI
PRICE
SCRIP
OI
PRICE
Last week, we witnessed decent OI addition in Nifty and
CHG. (%)
CHG. (%)
most of them are longs. Despite the flat closing on
MARUTI
2296050
-8.02
5080.25
-3.34
Week-on-Week basis, FII added good amount of long
TATAELXSI
1590300
-7.90
1315.65
0.48
positions in both Index futures and Stock Futures.
GRANULES
8955000
-7.06
111.75
-0.13
However, their selling in cash segment has not yet
CEATLTD
954800
-5.74
1233.75
-2.07
stopped. Considering above data, we may see further
HINDUNILVR
4350000
-4.50
834.55
-1.79
upside in Nifty towards 8300 - 8350 levels. Thus, we
MRF
27000
-4.31
48926.65
-0.17
advise traders to trade with positive bias unless we see
BIOCON
2594400
-4.18
916.30
-1.17
any meaningful change in data.
SIEMENS
816000
-3.94
1094.90
-2.24
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TATACOMM
51.79
NIFTY
1.03
0.91
BPCL
30.18
BANKNIFTY
1.09
0.79
SUNTV
55.60
SBIN
0.53
0.44
CESC
32.38
RELIANCE
0.53
0.48
KOTAKBANK
29.37
INFY
0.50
0.57
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2
Technical & Derivatives Report
December 05, 2016
FII Statistics for December 02, 2016
Turnover on December 02, 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1864.03
1621.76
242.28
175807
11002.21
(2.65)
281907
18624.17
40.27
FUTURES
FUTURES
INDEX
INDEX
32318.72
31921.09
397.63
967795
59732.85
1.90
2710193
181217.98
-57.33
OPTIONS
OPTIONS
STOCK
5799.33
6413.83
(614.49)
851419
51309.35
0.38
STOCK
FUTURES
464074
30626.98
-2.30
FUTURES
STOCK
STOCK
3144.96
3142.96
2.00
60133
3817.18
8.94
OPTIONS
251273
17157.07
1.49
OPTIONS
TOTAL
43127.04
43099.63
27.41
2055154
125861.59
1.05
TOTAL
3707447
247626.20
-49.07
Nifty Spot = 8086.80
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8200
89.75
Buy
8000
99.50
37.50
62.50
8237.50
27.00
73.00
7973.00
Sell
8300
52.25
Sell
7900
72.50
Buy
8200
89.75
Buy
8000
99.50
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62.15
137.85
8262.15
46.80
153.20
7953.20
Sell
8400
27.60
Sell
7800
52.70
Buy
8300
52.25
Buy
7900
72.50
24.65
75.35
8324.65
19.80
80.20
7880.20
Sell
8400
27.60
Sell
7800
52.70
Note: Above mentioned Bullish or Bearish Spreads in Nifty (December Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
December 05, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,311
1,321
1,328
1,338
1,345
ADANIPORTS
258
262
268
272
278
AMBUJACEM
202
203
206
207
209
ASIANPAINT
880
893
915
928
949
AUROPHARMA
701
711
727
737
754
AXISBANK
453
456
462
465
470
BAJAJ-AUTO
2,632
2,672
2,694
2,734
2,756
BANKBARODA
156
159
162
164
167
BHEL
125
126
128
129
131
BPCL
594
602
613
622
633
BHARTIARTL
311
315
318
322
325
INFRATEL
375
380
386
391
398
BOSCH
19,676
20,014
20,338
20,676
21,000
CIPLA
562
567
570
574
578
COALINDIA
300
303
307
310
314
DRREDDY
3,125
3,151
3,179
3,205
3,233
EICHERMOT
21,820
22,335
22,641
23,157
23,463
GAIL
423
427
435
439
447
GRASIM
856
864
872
880
887
HCLTECH
772
782
799
809
826
HDFCBANK
1,165
1,178
1,190
1,203
1,215
HDFC
1,216
1,227
1,244
1,254
1,271
HEROMOTOCO
3,120
3,150
3,180
3,210
3,240
HINDALCO
164
166
170
173
177
HINDUNILVR
816
824
836
844
856
ICICIBANK
251
255
260
264
269
IDEA
70
72
73
75
76
INDUSINDBK
1,038
1,050
1,063
1,074
1,088
INFY
956
960
965
968
973
ITC
225
226
230
231
235
KOTAKBANK
706
715
730
739
754
LT
1,345
1,353
1,366
1,373
1,387
LUPIN
1,469
1,480
1,497
1,508
1,525
M&M
1,128
1,137
1,151
1,159
1,173
MARUTI
4,921
4,987
5,111
5,177
5,302
NTPC
158
160
162
163
165
ONGC
287
289
292
295
298
POWERGRID
181
182
184
186
188
RELIANCE
984
990
998
1,003
1,011
SBIN
248
251
256
259
264
SUNPHARMA
708
715
723
730
738
TCS
2,170
2,200
2,235
2,265
2,301
TATAMTRDVR
277
282
290
294
302
TATAMOTORS
417
424
439
447
461
TATAPOWER
71
72
73
75
76
TATASTEEL
400
403
408
411
415
TECHM
465
469
476
480
487
ULTRACEMCO
3,495
3,534
3,566
3,605
3,638
WIPRO
450
455
463
467
475
YESBANK
1,132
1,142
1,153
1,163
1,174
ZEEL
431
437
447
453
463
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Technical & Derivatives Report
December 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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