October 06, 2015
Sensex (26786) / Nifty (8119)
Exhibit 1: Nifty Daily Chart
Yesterday, the Nifty started trading session with a gap up opening
on back of positive cues from global bourses. The positive
momentum continued thereafter and the index crossed its major
resistance level of 8055 within the initial hour of trade. As we had
mentioned in our yesterday's report, the crossover of the 8055
level will turn to be a breakout from an 'Inverted Head &
Shoulders' pattern on daily charts. The breakout from the reversal
pattern along with the positive market breadth empowered
tremendous strength to the bulls, who then took the charge
throughout the session to end the day with gains of 2.12%. The
breakout from this reversal pattern could lead to further positive
momentum in next few sessions; wherein, the Nifty may continue
to trade with positive bias in the near term. The resistance
breakout zone of 8025-8055 should now act as support zone
as per the ‘Role Reversal Technique’ of Technical Analysis. On
higher side, Nifty could rally up to the near term resistances which
are seen around 8225 (higher end of the gap area of August 24,
2015) and 8330 (higher end of the channel formed in the
corrective action of past few months).
Bank Nifty Outlook - (17674)
Exhibit 2: Bank Nifty Daily Chart
Yesterday, the Bank Nifty started the session with the gains of
more than 200 points in-line with the benchmark indices. The
Bulls were active from the first tick and kept the ball in their
ground throughout the session. The upside momentum was so
strong that the banking index crossed its previous swing high of
17652.35 with an ease and managed to close above the same.
With the gains of 3.05 percent, the Bank Nifty ended the session
around the neckline of the ‘Inverse Head & Shoulder’ pattern in
the daily chart. Looking at the positive momentum of banking
conglomerates, the banking index may continue its ongoing thrust
for upcoming sessions too. The Bank Nifty is currently trading in
the gap area created on August 24, 2015 and the higher end of
the gap (17842) may act as an immediate resistance for the
index. A sustainable move above the mentioned resistance level
may pull the index to 18150 levels. On the flipside, the
immediate support for the Bank Nifty is placed at 17460 and
17300 levels.
1
October 06, 2015
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 6.94%
BankNifty futures open interest has decreased by 3.50%
as market closed at 8119.30 levels.
The Nifty September future closed at a premium of
13.50 points against a premium of 26.05 points. The
October series closed at a premium of 51.10 points.
The Implied Volatility of at the money options has
decreased from 17.60% to 17.39%.
Nifty PCR-OI has increased from 0.91 to 0.97 levels.
The total OI of the market is Rs. 1,98,271/- cr. and the
stock futures OI is Rs. 57,214/- cr.
Views
OI Gainers
OI
PRICE
Yesterday, FIIs were net buyers in both cash market
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
segment and in Index Futures. They bought equities to
ENGINERSIN
1844000
46.21
195.55
1.53
the tune of Rs. 650 crores and Index Futures of Rs. 1626
CADILAHC
245700
28.17
2094.35
-0.94
crores with rise in OI, suggesting good amount of fresh
TV18BRDCST
8058000
27.08
35.55
1.43
long formation in last trading session.
INFRATEL
1264900
13.14
412.60
3.34
VEDL
51694000
13.02
85.05
1.37
In Index Options front, they bought of Rs. 482 crores
with rise in OI. In call options, 8400 strike added decent
OI Losers
build-up, followed by unwinding in 7900-8000 call
OI
PRICE
options. While in put options, significant OI addition was
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
seen in 7900-8100 strikes, these are mostly longs.
IRB
4379000
-8.16
246.80
4.11
Maximum OI is seen in 8300 call and 7500 put options.
DIVISLAB
2969850
-7.85
1146.10
1.32
8150-8200 is a major resistance for market; we suggest
UCOBANK
9566000
-7.57
47.75
3.58
waiting and watching for these levels.
INDIACEM
18102000
-6.46
83.40
1.52
TATAMOTORS
36833500
-5.52
316.30
5.95
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JINDALSTEL
88.97
IRB
4379000
-8.16
PFC
74.37
DIVISLAB
2969850
-7.85
HEROMOTOCO
33.33
UCOBANK
9566000
-7.57
HDFC
45.65
INDIACEM
18102000
-6.46
RECLTD
64.30
TATAMOTORS
36833500
-5.52
Strategy Date
Symbol
Strategy
Status
September 28, 2015
NIFTY
Long Strangle
Active
October 05, 2015
SBIN
Ratio Bear Put Spread
Active
2
October 06, 2015
FII Statistics for 05-October 2015
Turnover on 05-October 2015
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Contracts
( in Cr. )
(%)
Contracts
Value
Change
INDEX
INDEX
3337.08
1710.43
1626.66
908815
20574.07
13.12
653555
17599.79
8.36
FUTURES
FUTURES
INDEX
INDEX
10617.70
10136.01
481.69
1945629
62123.86
1.19
5668949
128020.41
16.50
OPTIONS
OPTIONS
STOCK
2799.20
2127.84
671.36
1786454
46148.43
0.16
STOCK
FUTURES
874475
23270.63
3.74
FUTURES
STOCK
1711.46
1654.85
56.61
76218
2074.58
26.57
STOCK
OPTIONS
417036
10984.99
11.24
OPTIONS
TOTAL
18465.45
15629.13
2836.32
4717116
130920.94
3.22
TOTAL
7614015
179875.82
13.53
Nifty Spot = 8119.30
Lot Size = 25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
Buy
8200
105.20
8100
133.15
41.85
58.15
8241.85
33.00
67.00
8067.00
Sell
Sell
8300
63.35
8000
100.15
Buy
Buy
8200
105.20
8100
133.15
70.90
129.10
8270.90
57.95
142.05
8042.05
Sell
Sell
8400
34.30
7900
75.20
Buy
Buy
8300
63.35
8000
100.15
29.05
70.95
8329.05
24.95
75.05
7975.05
Sell
Sell
8400
34.30
7900
75.20
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Oct. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
3
October 06, 2015
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
SENSEX
26,214
26,500
26,661
26,947
27,108
NIFTY
7,961
8,040
8,084
8,164
8,208
BANKNIFTY
17,242
17,458
17,579
17,795
17,916
ACC
1,354
1,362
1,370
1,378
1,386
AMBUJACEM
207
209
211
212
214
ASIANPAINT
837
846
852
861
866
AXISBANK
497
505
510
518
523
BAJAJ-AUTO
2,275
2,332
2,368
2,425
2,462
BANKBARODA
181
184
185
188
190
BHARTIARTL
336
341
344
349
353
BHEL
198
201
203
206
208
BOSCHLTD
19,065
19,656
19,990
20,581
20,915
BPCL
842
851
859
869
877
CAIRN
149
152
155
157
160
CIPLA
630
635
639
644
647
COALINDIA
319
325
329
334
338
DRREDDY
4,126
4,153
4,192
4,219
4,257
GAIL
289
294
297
302
305
GRASIM
3,497
3,556
3,596
3,655
3,696
HCLTECH
824
842
856
874
889
HDFC
1,184
1,221
1,242
1,278
1,299
HDFCBANK
1,066
1,082
1,093
1,110
1,121
HEROMOTOCO
2,402
2,452
2,485
2,535
2,568
HINDALCO
70
72
73
75
76
HINDUNILVR
789
799
812
822
835
ICICIBANK
269
275
278
285
288
IDEA
147
150
153
156
158
INDUSINDBK
943
951
961
969
978
INFY
1,150
1,166
1,178
1,193
1,205
ITC
325
327
329
332
334
KOTAKBANK
628
640
650
663
673
LT
1,486
1,519
1,536
1,568
1,586
LUPIN
2,048
2,065
2,095
2,112
2,141
M&M
1,244
1,257
1,269
1,282
1,293
MARUTI
4,277
4,345
4,458
4,526
4,639
NMDC
92
93
94
96
97
NTPC
122
125
127
129
131
ONGC
225
233
237
245
249
PNB
132
134
135
137
139
POWERGRID
129
131
133
134
136
RELIANCE
852
870
880
898
908
SBIN
235
238
240
242
244
VEDL
82
83
84
86
87
SUNPHARMA
871
885
893
907
915
TATAMOTORS
294
304
313
324
333
TATAPOWER
65
66
67
68
69
TATASTEEL
210
218
222
229
233
TCS
2,594
2,653
2,711
2,770
2,829
TECHM
555
562
569
576
583
ULTRACEMCO
2,760
2,788
2,809
2,837
2,858
WIPRO
590
595
602
608
615
YESBANK
725
738
745
758
766
ZEEL
397
400
403
406
409
4
October 06, 2015
Research Team Tel: 022 - 39357800
E-mail: [email protected]
Website: www.angelbroking.com
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