Technical & Derivatives Report
May 10, 2016
Sensex (25687) / Nifty (7866)
Exhibit 1: Nifty Daily Chart
The week started the proceedings on a cheerful note owing to
positive cues from the global peers. This momentum accelerated
as the day progressed and as a result, the Nifty posted a smart
rally by gaining nearly couple of percent from its previous close.
Yesterday's gap up opening led to a confirmation of the breakout
from the ‘Falling Wedge’ pattern on the hourly chart. As
mentioned in the previous report, a move beyond 7780 provided
a potential trade on the long side. Eventually, the Nifty met with
our first target of 7870 level. Going forward, we may see Nifty
continuing this upwards bias towards 7920 - 7940 levels. On the
flipside, 7820 - 7780 would now be seen as immediate support
levels.
Key Levels
Support 1 - 7820
Resistance 1 - 7920
Support 2 - 7780
Resistance 2 - 7940
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (16686)
The Nifty Bank index opened with a gap up and continued
positive momentum throughout the session to end the day with
gains of 2.39% over its previous close.
In our last few reports, we have been advising to buy the index in
the multiple support zone of 16050 to 16190. The strategy
played out well for traders as the index took support in the given
range and has pulled back higher sharply in yesterday's session. It
seems formation of another higher bottom within the short term
uptrend of last couple of months. Looking at the strong
momentum till the closing, it seems the index could move further
higher and retest the important resistance zone of 17020-17070.
Traders are hence advised to hold the long positions in the index
unless any signs of reversal seen. The intraday support for the
index is placed around 16464 and 16300 whereas resistances
are seen around 16841 and 17025.
Key Levels
Support 1 - 16464
Resistance 1 - 16841
Support 2 - 16300
Resistance 2 - 17025
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Technical & Derivatives Report
May 10, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.08%
BankNifty futures open interest has decreased by 0.23%
as market closed at 7866.05 levels.
The Nifty May future closed at a premium of 38.25
points against a premium of 26.80 points. The June
series closed at a premium of 48.35 points.
The Implied Volatility of at the money options has
increased from 15.05% to 15.26%.
The total OI of the market is Rs. 2,13,895/- cr. and the
stock futures OI is Rs. 60,147/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, SOUTHBANK, ADANIPOWER,
JPASSOCIAT and HDFCBANK.
Views
After continuous profit booking in last two weeks, we
OI Gainers
witness fresh buying by FIIs in Index Futures. They bought
OI
PRICE
Index Futures of Rs. 695 crores with rise in OI. In cash
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
market segment, again they were net buyers to the tune
DRREDDY
2075200
14.51
2855.65
-0.66
Rs. 224 crores.
SRF
605200
11.99
1425.15
4.10
In Index Options front, FIIs bought considerably worth Rs.
HINDUNILVR
4707000
11.74
847.85
-0.86
2056 crores with good amount of rise in OI. In call
APOLLOTYRE
11055000
8.99
158.25
-0.81
options, we hardly saw any meaningful OI addition;
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BEML
1530500
8.85
913.95
4.07
decent amount of unwinding was visible in 7800 call
options. While in put options, 7700 and 7800 strikes
added good amount of OI which may be longs by those
OI Losers
who are still anticipating market to correct. Maximum OI
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
in current series is visible in 8000 call and 7700 put
SIEMENS
1106000
-12.67
1178.20
-0.46
options. Yesterday’s FIIs buying figure is indicating green
IBREALEST
27315000
-8.89
79.60
3.92
signal for our market. We saw Nifty correcting from
7990 levels but no shorts were visible. We believe market
ACC
819750
-6.06
1444.60
1.07
may continue to show strength, any dip in market should
CROMPGREAV
17346000
-5.48
60.05
1.78
be utilized to form longs.
RELINFRA
8165300
-5.41
545.65
4.24
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
RELCAPITAL
50.95
NIFTY
0.88
0.84
IRB
34.91
BANKNIFTY
0.94
0.95
BAJAJ-AUTO
30.69
ICICIBANK
0.41
0.31
JETAIRWAYS
42.88
RELIANCE
0.40
0.35
ZEEL
38.06
SBIN
0.56
0.42
Strategy Date
Symbol
Strategy
Status
02-05-2016
NIFTY
Long Strangle
Active
09-05-2016
RELIANCE
Long Put
Active
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Technical & Derivatives Report
May 10, 2016
FII Statistics for 09-May 2016
Turnover on 09-May 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
2276.84
1581.81
695.03
240042
13856.33
1.63
313630
17589.07
39.89
FUTURES
FUTURES
INDEX
INDEX
26087.42
24030.88
2056.54
1065831
62387.71
4.69
2885567
167792.24
24.34
OPTIONS
OPTIONS
STOCK
3881.38
4738.25
(856.87)
999318
48295.81
0.77
STOCK
FUTURES
515157
25710.02
16.92
FUTURES
STOCK
STOCK
2371.23
2356.54
14.69
62355
3046.18
6.92
OPTIONS
286718
14414.57
20.56
OPTIONS
TOTAL
34616.87
32707.49
1909.39
2367546
127586.03
2.75
TOTAL
4001072
225505.90
24.27
Nifty Spot = 7866.05
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7900
103.75
Buy
7900
99.30
43.70
56.30
7943.70
38.05
61.95
7861.95
Sell
8000
60.05
Sell
7800
61.25
Buy
7900
103.75
Buy
7900
99.30
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72.35
127.65
7972.35
62.45
137.55
7837.55
Sell
8100
31.40
Sell
7700
36.85
Buy
8000
60.05
Buy
7800
61.25
28.65
71.35
8028.65
24.40
75.60
7775.60
Sell
8100
31.40
Sell
7700
36.85
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
May 10, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,414
1,420
1,428
1,434
1,441
ADANIPORTS
224
226
230
232
236
AMBUJACEM
220
222
224
227
229
ASIANPAINT
851
864
872
885
893
AUROPHARMA
751
763
771
783
790
AXISBANK
455
468
476
489
498
BAJAJ-AUTO
2,485
2,517
2,538
2,570
2,591
BANKBARODA
154
158
160
164
166
BHEL
122
126
128
132
134
BPCL
964
970
977
983
990
BHARTIARTL
351
356
360
364
368
INFRATEL
355
359
366
370
377
BOSCH
19,587
19,974
20,187
20,574
20,787
CIPLA
518
529
536
547
554
COALINDIA
285
287
288
290
292
DRREDDY
3,084
3,102
3,119
3,137
3,153
EICHERMOT
19,633
19,891
20,108
20,366
20,583
GAIL
347
355
362
369
376
GRASIM
3,982
4,035
4,072
4,125
4,162
HCLTECH
824
837
846
859
868
HDFCBANK
1,085
1,099
1,107
1,122
1,130
HDFC
1,092
1,110
1,121
1,138
1,150
HEROMOTOCO
2,889
2,910
2,937
2,959
2,986
HINDALCO
97
100
102
105
106
HINDUNILVR
872
879
887
894
903
ICICIBANK
244
249
252
257
260
IDEA
116
120
122
126
128
INDUSINDBK
957
989
1,007
1,039
1,057
INFY
1,196
1,214
1,227
1,245
1,258
ITC
307
317
323
333
339
KOTAKBANK
669
685
695
711
721
LT
1,252
1,266
1,275
1,290
1,298
LUPIN
1,505
1,542
1,564
1,601
1,622
M&M
1,311
1,333
1,349
1,371
1,387
MARUTI
3,617
3,744
3,819
3,946
4,021
NTPC
138
139
140
142
143
ONGC
209
212
214
216
218
POWERGRID
142
143
145
147
148
RELIANCE
1,000
1,008
1,016
1,025
1,033
SBIN
192
197
199
203
206
SUNPHARMA
789
802
810
822
830
TCS
2,424
2,457
2,475
2,508
2,527
TATAMTRDVR
288
297
302
311
316
TATAMOTORS
397
408
416
427
435
TATAPOWER
68
70
71
73
74
TATASTEEL
342
350
355
364
369
TECHM
461
468
473
480
484
ULTRACEMCO
3,225
3,245
3,272
3,293
3,319
WIPRO
546
550
554
558
562
YESBANK
861
886
900
925
940
ZEEL
391
402
409
420
426
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Technical & Derivatives Report
May 10, 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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