Technical & Derivatives Report
August 10, 2016
Sensex (28085) / Nifty (8678)
Exhibit 1: Nifty Daily Chart
Yesterday's session opened tad higher as indicated by the SGX
Nifty. However, this early morning lead was short lived as the
index immediately pared down all losses and then consolidated
for some time before and after the RBI monetary policy. Post the
mid session, we witnessed a decent correction in the market
followed by a minor recovery to end the session below 8700.
We have been mentioning a possibility of the Nifty slipping into a
consolidation mode. Last two day's movement was clearly a sign
of this phase. Such price movement becomes very difficult to trade
in and thus, traders are advised to stay light on positions. For the
coming session, we expect the Nifty to find a strong support
around 8640 - 8610 levels; whereas, 8700 - 8730 would be
seen a resistance zone.
Key Levels
Support 1 - 8640
Resistance 1 - 8700
Support 2 - 8610
Resistance 2 - 8730
Nifty Bank Outlook - (18933)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued to trade range bound and ended
another session almost flat. However, the Nifty PSU Bank index
gained 0.72 percent over its previous sessions close, thus showing
marginal outperformance.
While the daily charts have not shown any signs of trend reversal,
the range bound trading activity clearly depicts a consolidation
phase in the index. Since last few trading sessions, the index has
consolidated in range of 18440 to 19127 and until there is
breakout of this range, short term traders should focus on stock
specific moves. The higher degree trend continues remain positive
and thus, we continue to advise traders not to create short
positions in anticipation of any reversal. The intraday support for
the index are paced around
18796 and 18708; whereas,
resistances are seen around 19127 and 19229.
Key Levels
Support 1 - 18796
Resistance 1 - 19127
Support 2 - 18708
Resistance 2 - 19229
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1
Technical & Derivatives Report
August 10, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.06%
BankNifty futures open interest has increased by 6.39%
as market closed at 8678.25 levels.
The Nifty August future closed with a premium of 24.30
points against a premium of 30.95 points in previous
session. The September series closed at a premium of
73.20 points.
The Implied Volatility of at the money options has
decreased from 12.93% to 12.65%.
The total OI of the market is Rs. 2,62,768/- cr. and the
stock futures OI is Rs. 77,349/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, NCC, MOTHERSUMI,
JISLJALEQS and EXIDEIND.
Views
OI Gainers
OI
PRICE
FIIs continue buying in both equities and Index Futures.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
They bought in cash market segment to the tune of Rs.
EXIDEIND
25044000
91.59
179.50
2.60
114 crores. While, they were net buyers of Rs. 156 crores
OIL
1043800
32.61
373.30
-0.76
in Index Futures with decent rise in OI, indicating SOME
fresh long formation in last trading session.
LUPIN
5873100
32.55
1615.80
-5.12
On Index Options front, FIIs bought of Rs. 838 crores
SRF
582500
25.54
1583.85
4.09
with some rise in OI. In call options, 8700-8900 strikesng.com
IDEA
49240000
24.69
97.40
-5.71
remained active and they also added some fresh build-
up. While in put options, we hardly witness any strike
OI Losers
adding relevant OI. Highest OI in August series is visible
OI
PRICE
SCRIP
OI
PRICE
at 9000 call and 8500 put options.
CHG. (%)
CHG. (%)
FIIs have been continuously buying in Index Futures, we
WOCKPHARMA
3049200
-9.46
913.60
-0.37
haven’t witness any signs of reversal yet. Hence, we still
CONCOR
670000
-7.84
1459.45
2.22
maintain our optimistic view on market. Traders should
HINDZINC
5366400
-5.57
220.15
-0.70
avoid forming any shorts unless we see any traces of
JUSTDIAL
3383200
-5.48
497.75
-0.87
profit booking by FIIs.
TORNTPHARM
235200
-5.47
1502.25
-1.57
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
LUPIN
39.34
NIFTY
0.99
0.97
IDEA
45.41
BANKNIFTY
1.01
0.81
TATAPOWER
29.17
ICICIBANK
0.35
0.31
COLPAL
43.78
INFY
0.30
0.30
SRF
35.81
LT
0.46
0.43
Strategy Date
Symbol
Strategy
Status
01-08-2016
RELIANCE
Ratio Bear Put Spread
Active
08-08-2016
SBIN
Bull Call Spread
Active
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Technical & Derivatives Report
August 10, 2016
FII Statistics for 09-August 2016
Turnover on 09-August 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1626.74
1470.74
156.01
339656
22586.39
2.65
196565
13548.50
40.92
FUTURES
FUTURES
INDEX
INDEX
40213.52
39375.31
838.21
965196
63354.21
3.44
3226930
224681.76
84.18
OPTIONS
OPTIONS
STOCK
5355.60
6477.27
(1121.67)
877080
57392.19
1.54
STOCK
FUTURES
604485
40841.45
2.25
FUTURES
STOCK
STOCK
3919.18
3990.01
(70.82)
81617
5428.58
9.21
OPTIONS
376361
25201.18
8.74
OPTIONS
TOTAL
51115.05
51313.33
(198.28)
2263549
148761.36
2.77
TOTAL
4404341
304272.89
56.26
Nifty Spot = 8678.25
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8700
92.75
Buy
8700
91.70
43.30
56.70
8743.30
37.30
62.70
8662.70
Sell
8800
49.45
Sell
8600
54.40
Buy
8700
92.75
Buy
8700
91.70
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69.30
130.70
8769.30
61.00
139.00
8639.00
Sell
8900
23.45
Sell
8500
30.70
Buy
8800
49.45
Buy
8600
54.40
26.00
74.00
8826.00
23.70
76.30
8576.30
Sell
8900
23.45
Sell
8500
30.70
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
August 10, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,645
1,663
1,694
1,712
1,743
ADANIPORTS
231
235
239
244
247
AMBUJACEM
262
266
271
275
281
ASIANPAINT
1,123
1,134
1,144
1,155
1,165
AUROPHARMA
743
754
766
777
789
AXISBANK
563
569
572
578
582
BAJAJ-AUTO
2,804
2,833
2,864
2,893
2,924
BANKBARODA
154
156
158
161
163
BHEL
137
138
140
142
144
BPCL
579
587
601
609
622
BHARTIARTL
339
344
350
355
360
INFRATEL
372
378
383
390
395
BOSCH
24,812
25,064
25,307
25,559
25,802
CIPLA
525
529
534
539
544
COALINDIA
331
334
336
339
340
DRREDDY
3,002
3,020
3,039
3,057
3,076
EICHERMOT
21,389
21,736
22,112
22,459
22,836
GAIL
374
376
380
382
386
GRASIM
5,056
5,113
5,211
5,267
5,366
HCLTECH
804
810
818
824
831
HDFCBANK
1,230
1,238
1,245
1,253
1,261
HDFC
1,306
1,324
1,350
1,369
1,395
HEROMOTOCO
3,336
3,374
3,434
3,472
3,533
HINDALCO
143
145
147
149
152
HINDUNILVR
919
926
931
938
943
ICICIBANK
242
244
246
248
250
IDEA
95
96
98
99
100
INDUSINDBK
1,173
1,180
1,188
1,195
1,204
INFY
1,067
1,075
1,080
1,088
1,093
ITC
244
246
248
250
252
KOTAKBANK
753
759
766
772
779
LT
1,477
1,488
1,499
1,511
1,522
LUPIN
1,512
1,556
1,642
1,686
1,772
M&M
1,444
1,462
1,485
1,503
1,526
MARUTI
4,858
4,907
4,965
5,014
5,071
NTPC
157
159
160
162
164
ONGC
226
227
229
230
231
POWERGRID
173
175
177
179
181
RELIANCE
1,015
1,023
1,029
1,036
1,042
SBIN
230
233
235
238
241
SUNPHARMA
815
820
828
833
840
TCS
2,549
2,599
2,630
2,680
2,711
TATAMTRDVR
327
332
336
340
344
TATAMOTORS
502
508
515
521
528
TATAPOWER
72
74
75
77
78
TATASTEEL
368
372
377
381
386
TECHM
491
497
501
507
512
ULTRACEMCO
3,721
3,764
3,801
3,844
3,881
WIPRO
544
548
550
554
556
YESBANK
1,244
1,252
1,259
1,267
1,274
ZEEL
487
500
507
519
527
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Technical & Derivatives Report
August 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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