October 07, 2015
Sensex (26933) / Nifty (8153)
Exhibit 1: Nifty Daily Chart
Yesterday, the index opened with the upside gap on second
consecutive session. Post positive opening, the benchmark indices
started correcting and filled the intraday gap in the initial hour of
trade. Thereafter, the Nifty traded in a narrow range for most part
of the session. However, a decent recovery in FMCG and Metal
counters in the later half pulled the index back to 8170 levels.
Eventually, the Nifty ended the session with the gains of 0.41
percent. This price action has led to formation of a 'Hanging Man'
candlestick pattern on daily charts. The mentioned pattern is a
reversal pattern and could lead to reversal of the short term trend
only if we see any follow up selling action below 8096 levels in
today's session. But, the market breadth has been positive from
last few trading sessions, indicating strength in the broader
market. The Nifty is currently trading in the gap resistance zone of
24th August 2015 and a sustainable move above 8225 levels
may result into extension of rally towards the channel resistance
of 8300 - 8350. On the flipside, the support for Nifty is placed in
the range of 8025 - 8055 (resistance breakout expected to act as
support). So, intraday traders are advised to be vigilant on market
moves and follow strict risk management on their trades.
Bank Nifty Outlook - (17605)
Exhibit 2: Bank Nifty Daily Chart
Yesterday, the Bank Nifty opened with the upside gap of around
150 points on back of positive cues from global indices. But,
unlike Monday’s session, the banking index started falling from
the first tick and breached 17500 levels in the first half of the
session. However, we witnessed decent recovery in the later half
and as a result the Bank Nifty trimmed off some of its intraday
losses to give a close with the loss of 0.39 percent over its
previous close. Yesterday, the Bank Nifty has taken resistance
around the higher end of the gap area (17842) created on
August 24, 2015. Since, the Bank Nifty has given a negative
close; it has not yet given the breakout from the ‘Inverse head
and Shoulder’ pattern in the daily chart (on closing basis). A
sustainable move above the 17842 level may pull the index to
18150 levels. On the flipside, the immediate support for the
Bank Nifty is placed at 17360 and 17200 levels.
1
October 07, 2015
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.34%
BankNifty futures open interest has decreased by 5.13%
as market closed at 8152.90 levels.
The Nifty September future closed at a premium of 7.65
points against a premium of 13.50 points. The October
series closed at a premium of 45.05 points.
The Implied Volatility of at the money options has
decreased from 17.39% to 17.37%.
Nifty PCR-OI has increased from 0.97 to 0.99 levels.
The total OI of the market is Rs. 2,02,883/- cr. and the
stock futures OI is Rs. 57,626/- 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
CADILAHC
1194000
385.96
427.15
1.97
the tune of Rs. 480 crores and Index Futures of Rs. 251
BEML
146000
67.82
1288.60
2.52
crores with rise in OI, suggesting good amount of fresh
CESC
2163500
25.06
560.25
5.30
long formation in last trading session.
TV18BRDCST
9928000
23.21
34.15
-3.94
AMTEKAUTO
6612000
19.65
46.60
10.69
In Index Options front, FIIs bought of Rs. 468 crores with
rise in OI. In call options, 8400-8500 strikes added
OI Losers
decent build-up; we believe it’s more of writing. While in
OI
PRICE
put options, huge OI addition was seen in 8000-8200
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
and 7700 strikes. Maximum OI is seen in 8300 call and
ENGINERSIN
1369800
-25.72
198.75
1.64
7800 put options. 8150-8200 is a major resistance for
DIVISLAB
2732150
-8.00
1141.55
-0.40
market; we suggest waiting and watching these levels
TATAMOTORS
34294000
-6.89
333.15
5.33
before forming any fresh position in Nifty.
IRB
4083300
-6.75
252.90
2.47
INDIACEM
16986000
-6.17
82.65
-0.90
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ITC
30.78
NIFTY
0.99
0.96
TITAN
41.56
BANKNIFTY
1.06
0.86
KSCL
69.93
SBIN
0.48
0.36
CIPLA
34.32
RELIANCE
0.84
0.58
CESC
50.24
TATAMOTORS
0.87
0.52
Strategy Date
Symbol
Strategy
Status
September 28, 2015
NIFTY
Long Strangle
Active
October 05, 2015
SBIN
Ratio Bear Put Spread
Active
2
October 07, 2015
FII Statistics for 06-October 2015
Turnover on 06-October 2015
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Contracts
( in Cr. )
(%)
Contracts
Value
Change
INDEX
INDEX
1377.85
1126.45
251.40
926644
20907.12
1.96
607440
16435.02
-6.62
FUTURES
FUTURES
INDEX
INDEX
9244.98
8776.75
468.23
2027779
64141.98
4.22
5423840
122977.37
-3.94
OPTIONS
OPTIONS
STOCK
2556.13
2094.25
461.87
1784730
46319.85
(0.10)
STOCK
FUTURES
859993
23307.77
0.16
FUTURES
STOCK
1368.34
1351.17
17.18
84528
2319.85
10.90
STOCK
OPTIONS
397627
10457.02
-4.81
OPTIONS
TOTAL
14547.30
13348.62
1198.68
4823681
133688.80
2.26
TOTAL
7288900
173177.18
-3.72
Nifty Spot = 8152.90
Lot Size = 25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
Buy
8200
118.30
8100
121.10
45.80
54.20
8245.80
30.35
69.65
8069.65
Sell
Sell
8300
72.50
8000
90.75
Buy
Buy
8200
118.30
8100
121.10
78.70
121.30
8278.70
54.50
145.50
8045.50
Sell
Sell
8400
39.60
7900
66.60
Buy
Buy
8300
72.50
8000
90.75
32.90
67.10
8332.90
24.15
75.85
7975.85
Sell
Sell
8400
39.60
7900
66.60
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 07, 2015
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
SENSEX
26,639
26,786
26,898
27,045
27,157
NIFTY
8,059
8,106
8,143
8,190
8,228
BANKNIFTY
17,309
17,457
17,642
17,790
17,975
ACC
1,321
1,336
1,358
1,373
1,395
AMBUJACEM
205
207
210
213
215
ASIANPAINT
841
848
856
862
870
AXISBANK
496
501
510
515
524
BAJAJ-AUTO
2,316
2,346
2,373
2,403
2,429
BANKBARODA
180
182
185
187
189
BHARTIARTL
343
346
348
351
353
BHEL
191
194
200
204
209
BOSCHLTD
20,210
20,459
20,704
20,953
21,198
BPCL
848
862
873
887
898
CAIRN
151
155
157
161
164
CIPLA
632
648
657
673
682
COALINDIA
324
333
339
348
354
DRREDDY
4,173
4,210
4,257
4,294
4,342
GAIL
295
302
306
313
317
GRASIM
3,511
3,557
3,611
3,657
3,711
HCLTECH
837
846
857
865
876
HDFC
1,226
1,245
1,258
1,278
1,291
HDFCBANK
1,067
1,077
1,092
1,102
1,117
HEROMOTOCO
2,490
2,511
2,532
2,553
2,574
HINDALCO
73
74
75
76
77
HINDUNILVR
804
817
824
837
845
ICICIBANK
278
280
283
285
287
IDEA
151
155
157
161
163
INDUSINDBK
937
945
954
962
972
INFY
1,121
1,138
1,165
1,182
1,210
ITC
324
333
338
348
353
KOTAKBANK
633
645
653
665
673
LT
1,528
1,542
1,553
1,566
1,577
LUPIN
2,023
2,048
2,089
2,114
2,154
M&M
1,240
1,252
1,271
1,283
1,302
MARUTI
4,269
4,312
4,380
4,423
4,491
NMDC
93
94
95
96
97
NTPC
122
124
127
129
132
ONGC
236
242
245
251
254
PNB
133
135
136
138
140
POWERGRID
130
131
133
134
136
RELIANCE
880
889
895
904
910
SBIN
235
238
240
243
245
VEDL
83
84
86
87
88
SUNPHARMA
896
903
909
916
923
TATAMOTORS
314
324
329
339
344
TATAPOWER
66
68
69
70
71
TATASTEEL
221
224
227
230
232
TCS
2,661
2,681
2,703
2,723
2,745
TECHM
546
556
567
576
588
ULTRACEMCO
2,705
2,736
2,785
2,816
2,864
WIPRO
591
595
603
607
614
YESBANK
726
734
746
754
765
ZEEL
393
396
401
404
408
4
October 07, 2015
Research Team Tel: 022 - 39357800
E-mail: [email protected]
Website: www.angelbroking.com
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