Technical & Derivatives Report
September 08, 2016
Sensex (28926) / Nifty (8918)
Exhibit 1: Nifty Daily Chart
A strong up move on Tuesday was followed by yet another gap
up opening in our market, which was quite obvious considering
the momentum we saw in the latter half of previous session.
However, as expected, 8980 (higher end of the ‘Megaphone’
pattern shown in the exhibit) acted as a stiff hurdle for the market
and thus, we saw minor profit booking in most of the heavyweight
counters throughout the day.
However, having said that, we do not to sound bearish as we do
not see any major sign of trend reversal. Rather, we expect some
consolidation happening in a narrow range of 8980 - 8840 for
the remaining part of the week. But, we still believe, lot of
individual stocks, especially mid-caps are likely to give
spectacular moves whilst the index undergoes this consolidation
phase. Hence, traders are advised to concentrate more on
individual stocks which are likely to give higher returns as
compared to the benchmark index.
Key Levels
Support 1 - 8880
Resistance 1 - 8960
Support 2 - 8840
Resistance 2 - 8980
Nifty Bank Outlook - (20407)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded rangebound yesterday and ended the
session almost near its previous session’s close.
Although the index traded rangebound, the individual stocks
within the sector showed good momentum. The PSU Banking
stocks were the major gainers as the Nifty PSU Bank index gained
3% yesterday. The stock specific move has been on our expected
lines as we have been advising since last few days’s to adopt a
stock specific approach in this sector. For short term trading,
index heavyweights are expected to consolidate; whereas the
midcap stock could continue to outperform the broader indices.
Traders should hence trade with proper risk management
strategy. The intraday support for the index are placed around
20278 and 20200 whereas resistances are seen around 20575
and 20630.
Key Levels
Support 1 - 20278
Resistance 1 - 20575
Support 2 - 20200
Resistance 2 - 20630
www.angelbroking.com
1
Technical & Derivatives Report
September 08, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.48%
BankNifty futures open interest has decreased by 1.33%
as market closed at 8917.95 levels.
The Nifty September future closed with a premium of
34.15 points against a premium of 18.20 points in
previous session. The October series closed at a
premium of 74.10 points.
The Implied Volatility of at the money options has
increased from 10.89% to 11.31%. At the same time, the
PCR-OI of Nifty has increased from 1.19 to 1.20.
The total OI of the market is Rs. 2,99,408/- cr. and the
stock futures OI is Rs. 84,683/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, SIEMENS, SOUTHBANK, SAIL
and HDIL.
Views
OI Gainers
OI
PRICE
FIIs continue to pour in liquidity in cash market segment.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Yesterday, they bought equities to the tune of Rs. 854
PETRONET
6498000
38.94
344.60
-3.23
crores. While, they were marginal sellers in index future
OIL
2419100
33.74
388.70
1.99
with rise in OI, indicating blend of both long and short
CENTURYTEX
8670200
16.55
795.15
3.39
formation in last trading session.
www.angelbroking.com
ONGC
30287500
16.37
246.45
2.90
On Index Options front, FIIs were net buyers of Rs. 836
NMDC
15726000
15.36
115.10
7.17
crores with rise in OI. In call options, 9100 and 9200
APOLLOHOSP
459600
14.21
1384.60
-1.71
strikes added some fresh positions. While, some
MOTHERSUMI
10600000
13.67
338.15
3.89
unwinding was visible in 8800 and 9000 strikes. On the
SOUTHBANK
45480000
12.38
24.50
6.29
other hand, in put options, 8900 strike added some
positions. Highest OI in September series is placed at
9000 call and 8600 put option.
OI Losers
OI
PRICE
Yesterday, FIIs bought significantly in cash segment, at
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
the same time mixed activity was visible in Index Futures.
GODREJCP
370400
-12.56
1672.70
2.83
Longs formed in Index Futures are still intact and we are
KTKBANK
16002000
-6.88
158.30
1.05
not seeing any sign of profit booking as of now. Thus, we
KSCL
3568500
-6.49
353.50
3.44
advise traders to trade with positive bias and focus more
AMARAJABAT
712200
-6.39
1020.70
-1.31
on stock specific move.
MCLEODRUSS
4353000
-5.66
188.75
3.48
FEDERALBNK
30294000
-5.62
74.75
3.68
JUBLFOOD
2025500
-5.31
1089.50
1.42
MRF
62070
-5.03
39956.70
0.85
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BHEL
84.29
NIFTY
1.20
1.01
NMDC
41.91
BANKNIFTY
1.40
1.00
SOUTHBANK
38.48
RELIANCE
0.41
0.41
SAIL
43.70
TATAMOTORS
1.40
0.79
JISLJALEQS
53.94
SBIN
0.92
0.50
www.angelbroking.com
2
Technical & Derivatives Report
September 08, 2016
FII Statistics for 07, September 2016
Turnover on 07, September 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
2340.82
2367.79
(26.97)
457942
31346.67
1.26
195936
14490.08
-3.85
FUTURES
FUTURES
INDEX
INDEX
53347.36
52511.04
836.32
1135828
77958.15
3.58
4242563
327314.04
31.06
OPTIONS
OPTIONS
STOCK
8020.75
9035.84
(1015.08)
877887
59937.64
0.41
STOCK
FUTURES
701781
51857.17
32.12
FUTURES
STOCK
STOCK
6552.26
6684.17
(131.92)
96534
6919.87
8.22
OPTIONS
420891
31838.53
37.18
OPTIONS
TOTAL
70261.18
70598.84
(337.66)
2568191
176162.34
2.22
TOTAL
5561171
425499.83
30.01
Nifty Spot = 8917.95
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9000
73.10
Buy
8900
78.60
36.45
63.55
9036.45
29.35
70.65
8870.65
Sell
9100
36.65
Sell
8800
49.25
Buy
9000
73.10
Buy
8900
78.60
www.angelbroking.com
56.85
143.15
9056.85
48.00
152.00
8852.00
Sell
9200
16.25
Sell
8700
30.60
Buy
9100
36.65
Buy
8800
49.25
20.40
79.60
9120.40
18.65
81.35
8781.35
Sell
9200
16.25
Sell
8700
30.60
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
3
Technical & Derivatives Report
September 08, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,670
1,683
1,695
1,708
1,720
ADANIPORTS
263
268
271
275
279
AMBUJACEM
270
272
276
278
281
ASIANPAINT
1,147
1,162
1,186
1,201
1,224
AUROPHARMA
772
778
784
789
796
AXISBANK
613
620
629
635
645
BAJAJ-AUTO
2,955
2,971
2,995
3,011
3,035
BANKBARODA
167
171
174
178
182
BHEL
124
142
152
169
179
BPCL
579
585
592
597
605
BHARTIARTL
313
316
319
322
326
INFRATEL
341
345
348
353
356
BOSCH
23,789
24,000
24,422
24,633
25,055
CIPLA
570
575
581
586
591
COALINDIA
325
328
330
333
335
DRREDDY
3,094
3,115
3,136
3,157
3,178
EICHERMOT
22,655
22,814
22,969
23,128
23,283
GAIL
374
385
396
407
419
GRASIM
4,587
4,616
4,666
4,695
4,744
HCLTECH
768
778
792
802
816
HDFCBANK
1,271
1,281
1,293
1,303
1,315
HDFC
1,388
1,408
1,436
1,455
1,484
HEROMOTOCO
3,550
3,578
3,604
3,632
3,657
HINDALCO
156
158
160
162
164
HINDUNILVR
922
928
933
939
945
ICICIBANK
266
272
278
284
290
IDEA
82
83
84
85
86
INDUSINDBK
1,186
1,202
1,229
1,244
1,271
INFY
1,037
1,046
1,052
1,061
1,067
ITC
260
262
263
265
266
KOTAKBANK
790
797
810
818
831
LT
1,492
1,505
1,523
1,536
1,555
LUPIN
1,531
1,537
1,545
1,551
1,559
M&M
1,471
1,481
1,491
1,500
1,510
MARUTI
5,258
5,297
5,330
5,369
5,402
NTPC
159
160
162
163
165
ONGC
235
241
243
249
251
POWERGRID
182
183
185
187
188
RELIANCE
1,005
1,011
1,019
1,025
1,033
SBIN
256
261
266
271
276
SUNPHARMA
772
776
780
784
788
TCS
2,378
2,409
2,454
2,486
2,531
TATAMTRDVR
365
368
373
377
382
TATAMOTORS
576
581
590
596
604
TATAPOWER
75
76
77
78
79
TATASTEEL
383
386
390
394
398
TECHM
462
467
475
480
489
ULTRACEMCO
4,042
4,064
4,092
4,114
4,142
WIPRO
474
478
484
488
494
YESBANK
1,355
1,379
1,413
1,436
1,471
ZEEL
527
531
534
538
542
www.angelbroking.com
4
Technical & Derivatives Report
September 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]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a
registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number
INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing
/dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed public
offering of securities of the company covered by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
www.angelbroking.com
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
www.angelbroking.com
5