Technical & Derivatives Report
February 09, 2016
Sensex (24287) / Nifty (7387)
Exhibit 1: Nifty Daily Chart
Despite extremely negative session on Friday, our markets opened
on a subdued note; indicating strength. Subsequently, the index
traded within a narrow range by maintaining positive bias across
the broader market. However, a sharp selloff in the concluding
hour pulled the index significantly lower from day’s high to end
the session with nearly one and half a percent loss.
Yesterday’s nosedive towards the fag end has certainly surprised
us to an extent. However, having said that, we still maintain our
positive stance and expect an extension of the recent bounce as
long as Wednesday’s low of 7350.30 is not broken on a
sustainable basis. Thus, going forward, we would closely observe
Nifty’s price movement if it comes around the mentioned support
zone. In case of a convincing breakdown below 7350, we may
see halt in the recent bounce for a while. Traders can keep a note
of it that in any case, we do not expect a significant correction
from current level in the market. Thus, it’s advisable not to get
carried away with the momentum. At present, a prudent strategy
would to trade with a proper exit strategy.
Key Levels
Support 1 - 7350
Resistance 1 - 7440
Support 2 - 7300
Resistance 2 -
7513
Exhibit 2: Bank Nifty Weekly Chart
Bank Nifty Outlook - (15047)
Yesterday, the Nifty Bank index opened with marginal gains
and started moving higher from initial trades. The positive
momentum continued for the first half of the session. However,
we witnessed a sharp selling pressure in the banking counters
in the last hour of trade and as a result, the banking index
shaved off all its intraday gains by falling more than 400
points from its intraday high. Eventually, the Nifty Bank index
ended the session with a loss of 0.76 percent over its previous
close.
Despite yesterday’s tail-end nosedive, we didn’t notice any
meaningful change in the chart structure and thus, we
continue to maintain our positive stance on the index. Going
forward, 14850 - 14750 range would act as a strong support;
whereas, the immediate resistance for the index is placed at
15280 and 15440 levels.
Key Levels
Support 1 - 14850
Resistance 1 - 15280
Support 2 - 14750
Resistance 2 - 15440
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Technical & Derivatives Report
February 09, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.36%
BankNifty futures open interest has increased by 0.30%
as market closed at 7387.25 levels.
The Nifty February future closed at a premium of 6.20
points against a premium of 30.10 points. The March
series closed at a premium of 25.55 points.
The Implied Volatility of at the money options has
increased from 16.07% to 18.72%.
The total OI of the market is Rs. 2,12,599/- cr. and the
stock futures OI is Rs. 60,284/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, IDFC, JPASSOCIAT, FEDERALBNK
and WIPRO.
OI Gainers
Views
OI
PRICE
FIIs activity in cash market remained subdued yesterday.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
While in Index Futures, they were net sellers of Rs. 212
HDIL
16872000
13.75
73.05
3.62
with marginal change in open interest indicating blend of
ACC
4738875
11.01
1281.15
0.58
long unwinding and some fresh shorts in last trading
DHFL
6666000
8.76
174.30
-2.84
session.
JUSTDIAL
3243000
8.44
529.45
-5.10
In Index Options front, they were net buyers of Rs. 311
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GAIL
9181200
6.62
342.35
0.35
crores with rise in OI. In call options, 7500 and 7600
strikes added decent build-up. While in put options, we
OI Losers
hardly saw any fresh OI addition, some unwinding was
OI
PRICE
seen in 7500 put option. Maximum OI in current series
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
remains intact in 7600 call and 7400 put options. Seeing
EXIDEIND
8853600
-7.07
126.10
1.82
today’s global market data, we believe Nifty may remain
SBIN
86536000
-6.55
172.35
1.98
under pressure but one should avoid forming aggressive
AXISBANK
41736000
-5.64
408.90
2.05
shorts in this market.
BAJFINANCE
188125
-5.58
6637.75
-1.08
TATACHEM
4961000
-5.47
372.45
1.72
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
DIVISLAB
36.78
NIFTY
0.79
0.86
ITC
25.14
BANKNIFTY
0.86
0.64
TCS
22.42
SBIN
0.65
0.49
HDFCBANK
19.99
MARUTI
0.43
0.36
INDUSINDBK
31.15
ICICIBANK
0.52
0.37
Strategy Date
Symbol
Strategy
Status
February 01, 2016
BHEL
Bull Call Spread
Active
February 08, 2016
NIFTY
Short Strangle
Active
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Technical & Derivatives Report
February 09, 2016
FII Statistics for 08-February 2016
Turnover on 08-February 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1677.79
1890.44
(212.65)
217830
11537.53
(0.02)
325277
16891.16
6.99
FUTURES
FUTURES
INDEX
INDEX
28039.34
27728.11
311.23
1165935
63705.94
2.53
2984284
164251.15
-3.40
OPTIONS
OPTIONS
STOCK
4185.37
3746.47
438.90
1118845
49530.05
(0.93)
STOCK
FUTURES
556952
25292.05
-11.13
FUTURES
STOCK
STOCK
2413.23
2381.92
31.30
59656
2620.58
5.28
OPTIONS
334211
15528.18
-11.38
OPTIONS
TOTAL
36315.73
35746.94
568.79
2562266
127394.09
0.84
TOTAL
4200724
221962.55
-4.24
Nifty Spot = 7387.25
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7400
114.10
Buy
7400
119.75
43.60
56.40
7443.60
38.50
61.50
7361.50
Sell
7500
70.50
Sell
7300
81.25
Buy
7400
114.10
Buy
7400
119.75
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74.75
125.25
7474.75
66.65
133.35
7333.35
Sell
7600
39.35
Sell
7200
53.10
Buy
7500
70.50
Buy
7300
81.25
31.15
68.85
7531.15
28.15
71.85
7271.85
Sell
7600
39.35
Sell
7200
53.10
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Feb. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
February 09, 2016
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,247
1,264
1,287
1,304
1,326
ADANIPORTS
206
209
213
216
220
AMBUJACEM
192
195
198
200
203
ASIANPAINT
873
881
894
902
916
AXISBANK
392
400
409
417
426
BAJAJ-AUTO
2,323
2,339
2,364
2,380
2,405
BANKBARODA
123
127
131
135
138
BHARTIARTL
302
307
310
314
318
BHEL
128
130
134
136
140
BOSCHLTD
15,948
16,172
16,373
16,597
16,798
BPCL
804
815
834
844
864
CAIRN
121
123
126
128
130
CIPLA
553
560
568
575
583
COALINDIA
317
320
325
328
333
DRREDDY
2,983
3,027
3,075
3,119
3,167
GAIL
326
335
345
354
365
GRASIM
3,356
3,393
3,455
3,492
3,554
HCLTECH
832
841
855
864
878
HDFC
1,141
1,153
1,169
1,181
1,197
HDFCBANK
1,014
1,025
1,041
1,052
1,069
HEROMOTOCO
2,537
2,553
2,569
2,585
2,602
HINDALCO
68
69
70
71
73
HINDUNILVR
813
821
835
843
856
ICICIBANK
201
205
210
214
219
IDEA
99
101
103
104
106
INDUSINDBK
859
871
891
903
923
INFY
1,127
1,139
1,156
1,167
1,184
ITC
307
311
318
322
329
KOTAKBANK
655
664
679
688
704
LT
1,099
1,115
1,136
1,152
1,174
LUPIN
1,749
1,785
1,817
1,853
1,885
M&M
1,167
1,185
1,211
1,228
1,255
MARUTI
3,672
3,702
3,746
3,776
3,819
NTPC
121
122
124
125
127
ONGC
207
210
215
219
224
PNB
91
93
95
97
100
POWERGRID
139
141
143
145
148
RELIANCE
941
951
968
978
995
SBIN
164
168
173
177
181
VEDL
68
70
73
75
77
SUNPHARMA
809
822
843
857
878
TATAMOTORS
313
318
327
332
340
TATAPOWER
57
58
59
60
62
TATASTEEL
225
229
237
241
249
TCS
2,309
2,336
2,374
2,401
2,439
TECHM
460
465
474
479
487
ULTRACEMCO
2,761
2,791
2,833
2,864
2,906
WIPRO
533
539
550
556
566
YESBANK
750
759
774
784
799
ZEEL
392
397
406
411
420
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Technical & Derivatives Report
February 09, 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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