Technical & Derivatives Report
June 10, 2016
Sensex (26763) / Nifty (8204)
Exhibit 1: Nifty Daily Chart
Yesterday's session opened on a flat note owing to muted global
cues. Subsequently, the index kept on descending throughout the
remaining part of session. In fact, a sharp cut in the first and
concluding hour led to a decent correction towards the 8200
mark.
We have been mentioning about the '5 Day EMA' since last few
days. The index has now closed tad below this support level.
Since, it has closed marginally lower; we would wait for further
developments to happen. If the index manages to sustain below
yesterday's low of 8184 then we may see further weakness
towards 8150 - 8130 levels. On the flipside, if we see the index
holding this support then a possibility of some recovery towards
8250 - 8290 cannot be ruled out. Traders are advised to stay
light on positions and continue with a stock centric approach.
Key Levels
Support 1 - 8184
Resistance 1 - 8250
Support 2 - 8150
Resistance 2 - 8290
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (17888)
Yet another range bound trading session in Nifty Bank index
yesterday resulted in a small body candle, with index closing with
marginal loss of 0.33 percent over its previous sessions close.
As mentioned in our earlier reports, the Nifty Bank index has
approached its important resistance zone of 18000 - 18175,
which is 61.8% retracement of the corrective move from 20180 to
13407 and October 2015 high. Thus traders are advised to keep
booking profits on long positions in the index and watch for
further developments. During the recent upmove in the Nifty Bank
index since 25th May, the index has moved higher and has
managed to sustain above 5DEMA on closing basis, which is
placed at 17817. Hence a closing below 17817 could lead to
minor correction up to its hourly support around 17530. Short
term traders should thus, position their trades accordingly with
proper risk management. The intraday support for the index is
placed around 17780 and 17670; whereas, resistance is seen in
range of 18000 - 18175 zone.
Key Levels
Support 1 - 17780
Resistance 1 - 18000
Support 2 - 17670
Resistance 2 - 18175
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Technical & Derivatives Report
June 10, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.07%
BankNifty futures open interest has decreased by 0.75%
as market closed at 8203.60 levels.
The Nifty June future closed with a premium of 25.75
points against a premium of 11.15 points in previous
session. The July series closed at a premium of 53.15
points.
The Implied Volatility of at the money options has
increased from 13.27% to 14.11%.
The total OI of the market is Rs. 2,42,005/- cr. and the
stock futures OI is Rs. 66,673/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, IFCI, ANDHRABANK,
TATACOMM and ADANIPOWER.
Views
OI Gainers
FIIs continue their buying streak in cash market segment.
OI
PRICE
Yesterday, they bought equities worth Rs. 234 crores.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
While, in Index Futures, they were net buyers of
UCOBANK
10050000
11.42
36.95
3.94
Rs. 698 crores with rise in open interest, suggesting
INFY
13365500
10.63
1192.35
-3.17
formation of long positions in last trading session.
ADANIPOWER
88000000
8.00
30.15
-2.58
On Index Options front, FIIs were buyer to the tune of
Rs. 670 crores with rise in OI. Except some build-up in
HEROMOTOCO
982200
7.25
3083.90
-2.25
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8200 call option, we hardly saw any meaningful OI
LUPIN
6045000
6.16
1435.30
-0.31
addition in Call and Put options. Maximum open interest
in current series has shifted from 8400 to 8300 call
OI Losers
option; while in put option, it shifted from 8000 to 8100
OI
PRICE
SCRIP
OI
PRICE
strike.
CHG. (%)
CHG. (%)
Since, FIIs has formed good amount of long positions in
HCLTECH
9667100
-10.57
754.60
1.21
Index Futures and most of them are still intact; we may
PNB
31956000
-9.90
82.55
1.60
see continuation of up move. Hence, we advise traders
KPIT
1188000
-7.19
179.55
-3.70
to trade with positive bias until we witness any
FEDERALBNK
43097000
-7.17
58.30
0.69
meaningful change in derivatives data.
LICHSGFIN
8247800
-6.32
476.60
-1.17
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SAIL
53.01
NIFTY
1.14
1.09
INFY
26.78
BANKNIFTY
1.08
0.93
HINDZINC
31.57
SBIN
1.00
0.69
DHFL
44.70
RELIANCE
0.68
0.34
HEROMOTOCO
26.09
SUNPHARMA
0.38
0.33
Strategy Date
Symbol
Strategy
Status
May 30, 2016
TCS
Ratio Bull Call Spread
Active
June 06, 2016
NIFTY
Long Call
Exited at Cost
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Technical & Derivatives Report
June 10, 2016
FII Statistics for 09-June 2016
Turnover on 09-June 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1516.92
819.37
697.54
299282
18190.24
2.10
263620
15353.68
51.51
FUTURES
FUTURES
INDEX
INDEX
17584.06
16913.91
670.15
1026524
62674.39
2.01
3759638
214471.61
76.00
OPTIONS
OPTIONS
STOCK
4102.84
4478.26
(375.42)
1057537
52564.76
(0.57)
STOCK
FUTURES
543655
27998.53
10.30
FUTURES
STOCK
STOCK
2459.22
2558.28
(99.05)
90184
4748.32
5.72
OPTIONS
287776
15030.75
9.48
OPTIONS
TOTAL
25663.04
24769.82
893.22
2473527
138177.71
1.03
TOTAL
4854689
272854.58
59.47
Nifty Spot = 8203.60
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8300
76.40
Buy
8200
98.35
35.60
64.40
8335.60
33.00
67.00
8167.00
Sell
8400
40.80
Sell
8100
65.35
Buy
8300
76.40
Buy
8200
98.35
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57.20
142.80
8357.20
55.70
144.30
8144.30
Sell
8500
19.20
Sell
8000
42.65
Buy
8400
40.80
Buy
8100
65.35
21.60
78.40
8421.60
22.70
77.30
8077.30
Sell
8500
19.20
Sell
8000
42.65
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
June 10, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,512
1,522
1,539
1,549
1,566
ADANIPORTS
198
200
203
205
208
AMBUJACEM
226
229
234
237
243
ASIANPAINT
981
990
1,005
1,013
1,028
AUROPHARMA
726
739
758
771
790
AXISBANK
533
538
542
547
551
BAJAJ-AUTO
2,543
2,568
2,602
2,626
2,660
BANKBARODA
144
147
149
152
154
BHEL
119
120
121
123
124
BPCL
978
988
997
1,007
1,016
BHARTIARTL
346
349
352
355
359
INFRATEL
371
373
376
378
381
BOSCH
21,367
21,583
21,938
22,154
22,509
CIPLA
464
471
477
484
490
COALINDIA
302
307
311
316
320
DRREDDY
3,041
3,056
3,077
3,093
3,114
EICHERMOT
18,320
18,452
18,670
18,802
19,020
GAIL
370
373
376
379
383
GRASIM
4,244
4,274
4,316
4,346
4,388
HCLTECH
739
746
751
758
763
HDFCBANK
1,147
1,153
1,159
1,165
1,170
HDFC
1,218
1,228
1,243
1,253
1,268
HEROMOTOCO
3,016
3,051
3,109
3,144
3,202
HINDALCO
107
109
111
113
114
HINDUNILVR
859
868
883
892
908
ICICIBANK
250
252
256
258
262
IDEA
103
104
105
106
106
INDUSINDBK
1,095
1,109
1,117
1,130
1,138
INFY
1,151
1,168
1,197
1,214
1,243
ITC
346
350
357
361
367
KOTAKBANK
743
748
755
760
767
LT
1,471
1,481
1,497
1,508
1,524
LUPIN
1,379
1,403
1,422
1,446
1,464
M&M
1,349
1,361
1,377
1,389
1,405
MARUTI
4,117
4,143
4,166
4,193
4,216
NTPC
146
149
151
153
155
ONGC
215
218
220
223
225
POWERGRID
151
152
153
154
155
RELIANCE
948
959
968
980
988
SBIN
206
208
210
212
215
SUNPHARMA
726
734
740
748
754
TCS
2,518
2,548
2,585
2,615
2,652
TATAMTRDVR
320
322
324
325
327
TATAMOTORS
462
465
467
470
473
TATAPOWER
74
75
76
77
78
TATASTEEL
336
339
343
346
350
TECHM
524
529
534
539
543
ULTRACEMCO
3,347
3,363
3,382
3,398
3,417
WIPRO
540
542
545
547
550
YESBANK
1,022
1,031
1,045
1,054
1,069
ZEEL
452
457
461
466
470
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Technical & Derivatives Report
June 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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