Technical & Derivatives Report
January 08, 2016
Sensex (24852) / Nifty (7568)
Exhibit 1: Nifty Daily Chart
Once again the Chinese markets (Shanghai Composite)
spooked all major bourses across the globe as the trading on
their exchanges halted after a further devaluation of ‘Yuan’
(Chinese currency). This negative development had a rub off
effect on our markets as the Nifty opened nearly a percent
lower and traded with a negative bias to end the session well
below the 7600 mark.
Considering the ongoing momentum on the downside,
breaking important support level of 7539.50 is only a matter
of time now. A move below this level may lead to an
immediate correction towards 7480 - 7450 levels. On the
flipside, 7620 - 7674 are seen as strong resistance levels. We
advise traders not to pre-empt any reversal considering
uncertainty across the globe. Traders should stay light on
positions and avoid taking undue risks.
Key Levels
Support 1 - 7539
Resistance 1 - 7620
Support 2 - 7480
Resistance 2 - 7674
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (16074)
In-line with benchmark indices, the Bank Nifty too opened with
a loss of around 1 percent in yesterday’s session. Post the gap
down opening, the banking index continued to fall throughout
the session. The bears were in complete charge for fourth
consecutive session and as a result, the Bank Nifty breached
its previous swing low of 16188.05 with an ease. Eventually,
the banking index ended with a deep cut of 2.19 percent over
its previous close. The ongoing pessimism in banking counters
may continue for upcoming sessions too as we are not seeing
any sign of reversal as of now. Going forward, the immediate
support for the index is placed at 15900 and 15750 levels.
On the flipside, 16256 - 16377 zone will act as an immediate
hurdle for the index.
Key Levels
Support 1 - 15900
Resistance 1 - 16256
Support 2 - 15750
Resistance 2 - 16377
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Technical & Derivatives Report
January 08, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.29%
BankNifty futures open interest has increased by 2.68%
as market closed at 7568.30 levels.
The Nifty January future closed at a premium of 13.75
points against a premium of 9.05 points. The February
series closed at a premium of 38.35 points.
The Implied Volatility of at the money options has
increased from 15.65% to 18.48 %.
The total OI of the market is Rs. 2,15155/- cr. and the
stock futures OI is Rs. 62,314/- cr.
Few of the liquid counters where we have seen high cost
of carry are RPOWER, IDFC, ADANIENT, ABIRLANUVO
and MOTHERSUMI.
Views
OI Gainers
Yesterday Nifty plunged further two percent, FIIs too
OI
PRICE
SCRIP
OI
PRICE
participated in this fall. They were net sellers in both cash
CHG. (%)
CHG. (%)
segment and in Index Futures. They sold equities to the
GODREJCP
108800
21.43
1261.55
-3.52
tune of Rs. 1052 crores and Index Futures of worth Rs.
JETAIRWAYS
3771000
11.44
745.55
-0.28
1566 crores with rise in OI. This suggests fresh shorting
DLF
57955000
8.47
107.20
-6.78
in Index Futures after quite some time.
TCS
3597400
7.75
2367.30
-0.44
In Index Options front, they bought of worth Rs. 3844ng.com
MOTHERSUMI
9307500
7.59
268.95
-4.29
crores with significant amount of rise in open interest.
Yesterday both call and put options added good amount
OI Losers
of build-up. 7500-7800 call options and 7200-7400 put
OI
PRICE
SCRIP
OI
PRICE
options were more active and they also added
CHG. (%)
CHG. (%)
meaningful build-up. Some unwinding was also visible in
PIDILITIND
796000
-13.20
556.75
-1.35
8200 call options, which may be unwinding by those
GODREJIND
1744600
-12.06
381.35
0.09
who were longs. Seeing the selling pressure we believe
SRF
780800
-10.58
1305.60
-3.33
market may remain under pressure, on should avoid
CONCOR
281200
-10.45
1266.65
-2.09
bottom forming longs and should trade stock specific.
SOUTHBANK
23782000
-9.39
19.60
-2.49
Historical Volatility
Put-Call Ratio
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
0.85
0.83
SIEMENS
35.16
BANKNIFTY
0.95
0.80
CAIRN
52.01
SBIN
0.41
0.47
DHFL
47.46
LT
0.53
0.54
MARUTI
30.39
RELIANCE
0.54
0.55
BHEL
47.42
Strategy Date
Symbol
Strategy
Status
January 04, 2016
SBIN
Ratio Bear Put Spread
Active
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Technical & Derivatives Report
January 08, 2016
FII Statistics for 07-January 2015
Turnover on 07-January 2015
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2036.39
3602.01
(1565.63)
279094
15419.72
3.63
344789
18748.37
24.26
FUTURES
FUTURES
INDEX
INDEX
33218.51
29374.76
3843.76
1063947
59750.08
13.61
3755312
214873.66
51.55
OPTIONS
OPTIONS
STOCK
4421.65
4503.99
(82.34)
1028044
48959.69
1.14
STOCK
FUTURES
594575
30276.61
2.66
FUTURES
STOCK
STOCK
2987.93
3074.25
(86.32)
52815
2518.79
13.87
OPTIONS
340508
18211.20
27.91
OPTIONS
TOTAL
42664.48
40555.00
2109.48
2423900
126648.28
6.84
TOTAL
5035184
282109.85
40.63
Nifty Spot = 7568.30
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7600
120.00
Buy
7500
101.80
46.80
53.20
7646.80
29.25
70.75
7470.75
Sell
7700
73.20
Sell
7400
72.55
Buy
7600
120.00
Buy
7500
101.80
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79.40
120.60
7679.40
50.25
149.75
7449.75
Sell
7800
40.60
Sell
7300
51.55
Buy
7700
73.20
Buy
7400
72.55
32.60
67.40
7732.60
21.00
79.00
7379.00
Sell
7800
40.60
Sell
7300
51.55
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Jan. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 08, 2016
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,279
1,290
1,304
1,315
1,330
ADANIPORTS
239
242
245
248
251
AMBUJACEM
192
195
199
201
205
ASIANPAINT
855
864
878
886
900
AXISBANK
396
402
414
421
432
BAJAJ-AUTO
2,359
2,389
2,437
2,467
2,515
BANKBARODA
134
137
142
145
150
BHARTIARTL
312
317
322
327
331
BHEL
146
150
157
161
168
BOSCHLTD
17,822
18,065
18,392
18,635
18,962
BPCL
855
870
895
909
934
CAIRN
122
126
132
135
141
CIPLA
618
628
639
649
660
COALINDIA
321
324
327
329
332
DRREDDY
2,943
2,968
2,994
3,019
3,045
GAIL
361
366
370
375
380
GRASIM
3,472
3,515
3,582
3,625
3,692
HCLTECH
808
817
827
836
846
HDFC
1,157
1,168
1,186
1,197
1,215
HDFCBANK
1,042
1,049
1,057
1,064
1,072
HEROMOTOCO
2,459
2,489
2,541
2,571
2,623
HINDALCO
74
75
77
79
81
HINDUNILVR
803
812
826
835
850
ICICIBANK
241
244
246
249
250
IDEA
129
131
133
135
137
INDUSINDBK
911
918
928
935
944
INFY
1,036
1,043
1,056
1,063
1,076
ITC
306
308
311
313
316
KOTAKBANK
681
686
695
700
708
LT
1,183
1,195
1,212
1,223
1,240
LUPIN
1,670
1,694
1,732
1,755
1,793
M&M
1,153
1,175
1,197
1,219
1,241
MARUTI
4,125
4,197
4,323
4,394
4,521
NTPC
135
136
139
140
142
ONGC
218
222
228
232
238
PNB
102
104
106
108
110
POWERGRID
135
136
139
141
143
RELIANCE
996
1,005
1,016
1,025
1,036
SBIN
206
208
211
213
216
VEDL
76
79
83
85
90
SUNPHARMA
767
775
787
796
808
TATAMOTORS
327
335
347
355
366
TATAPOWER
64
65
67
68
69
TATASTEEL
239
244
254
259
269
TCS
2,348
2,360
2,371
2,383
2,394
TECHM
494
502
512
521
531
ULTRACEMCO
2,615
2,641
2,678
2,704
2,740
WIPRO
541
545
551
556
562
YESBANK
665
672
682
689
700
ZEEL
409
412
417
420
425
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Technical & Derivatives Report
January 08, 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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