Technical & Derivatives Report
October 10, 2016
Sensex (28061) / Nifty (8698)
Exhibit 1: Nifty Daily Chart
On Friday, the Nifty traded in a narrow range throughout the day
and eventually ended the session with marginal loss.
In the week gone by, we clearly witnessed a tug-of-war between
two counter parties (the bulls and the bears). However, for the
major part of the week, the bulls dominated the proceedings. We
witnessed a smart recovery in the market during the first half to
reclaim the 8800 mark. This was quite unexpected, though we
were anticipating some bounce back. However, as expected,
8800 - 8825 acted as a stiff hurdle and thus, we witnessed a
small corrective move in the latter half of the week. The weekly
chart structure still seems to be not so encouraging. Considering
the negative placement of the ‘RSI-Smoothened’ oscillator, the
possibility of breaking the near term support of 8550 - 8510 still
cannot be ruled out. However, whether it will take place in the
coming week or not would be a difficult task. Now, if we analyse
the lower degree (daily) chart structure meticulously, Friday’s
movement does not provide clear signal for the forthcoming
week. Hence, we would continue with our cautious stance on the
market as long as 8825 is not violated convincingly. On the
downside, 8635 - 8555 can be seen as an immediate support for
the market. To summarize, we expect some consolidation
occurrences in the forthcoming truncated week. Thus, it is
advisable for traders to concentrate on stock specific moves in
order to find potential trades.
Key Levels
Support 1 - 8680
Resistance 1 - 8740
Support 2 - 8635
Resistance 2 - 8760
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (19400)
The Nifty Bank index traded in a narrow range on Friday and the
index ended the session almost near its previous session's close.
During last week, the banking index started the week on a
positive note; but, the Nifty Bank index resisted near the resistance
levels seen around 19800. Since there is lower top lower bottom
structure on the daily charts, traders are advised to remain
cautious unless any reversal signs seen. Since there are trading
holidays for next couple of days, the index could trade range
bound in today's session. Hence, traders are advised to remain
light on positions and trade with proper risk management. The
intraday support for the Nifty Bank index are placed around
19300 and 19220 whereas resistances is seen in range of
19525-19570.
Key Levels
Support 1 - 19300
Resistance 1 - 19525
Support 2 - 19220
Resistance 2 - 19570
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1
Technical & Derivatives Report
October 10, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 2.35%
BankNifty futures open interest has increased by 0.51%
as market closed at 8697.60 levels.
The Nifty October future closed with a premium of 25.15
against the premium of 21.80 points in last trading
session. The November series closed at a premium of
66.25 points.
The Implied Volatility of at the money options has
decreased from 13.23% to 12.55%. At the same time,
the PCR-OI of Nifty has decreased from 0.97 to 0.96.
The total OI of the market is Rs. 2,53,025/- cr. and the
stock futures OI is Rs. 79,203/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, NHPC, GMRINFRA,
TV18BRDCST and EXIDEIND.
Views
OI Gainers
FIIs activity in cash market segment remined subdued on
OI
PRICE
SCRIP
OI
PRICE
Friday. While, in index future, they were net sellers of Rs.
CHG. (%)
CHG. (%)
893 crores with fall in OI, indicating long unwinding in
DCBBANK
1651500
24.41
125.75
0.00
last trading session.
SUNTV
9008000
16.96
563.95
7.23
On Index Options front, FIIs bought marginally with rise
AUROPHARMA
11604600
13.61
860.75
0.23
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in OI, which suggests blend of both long and short
IDFCBANK
19040000
12.26
73.90
-0.14
formation. We hardly saw any meaningful open interest
TATASTEEL
24070000
12.03
408.45
4.61
additions in both call and put options. However, 8700
TORNTPOWER
945000
10.92
180.55
-0.80
and 8800 call options were comparatively active and it
ENGINERSIN
7773500
8.55
268.95
3.70
also added some fresh positions. While, we also witness
CAIRN
15690500
7.97
224.50
-1.69
good amount of unwinding in 8700 put options. Highest
OI in October series is placed at 9000 call and 8600 put
OI Losers
option.
OI
PRICE
SCRIP
OI
PRICE
From start of October series, we hardly saw any
CHG. (%)
CHG. (%)
meaningful directional build-up in Index Futures by FIIs.
NIITTECH
994000
-7.10
408.45
-3.19
However, good amount of long unwinding with some
JUBLFOOD
2246500
-6.30
1068.40
4.75
fresh shorts was visible last week. At current juncture,
KSCL
2515500
-6.10
418.35
-0.01
8800-8850 remains a strong hurdle for Nifty. Looking at
DABUR
5122500
-5.49
285.65
-0.44
the overall data we don’t see Nifty breaking this
ALBK
15950000
-5.12
78.30
-0.13
resistance level any time soon. Thus, we suggest trades to
BHARATFORG
5154000
-3.80
961.05
2.99
avoid any aggressive positions in Index Futures and opt
MRF
50985
-3.74
53623.45
-0.67
for stock specific trades.
AMARAJABAT
601200
-3.47
1053.05
0.69
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SUNTV
61.45
NIFTY
0.96
1.05
TATASTEEL
42.65
BANKNIFTY
0.86
0.80
TATAMTRDVR
40.09
RELIANCE
0.56
0.56
JUBLFOOD
51.59
INFY
0.53
0.75
NIITTECH
39.94
AXISBANK
0.37
0.39
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2
Technical & Derivatives Report
October 10, 2016
FII Statistics for 07, October 2016
Turnover on 07, October 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
961.18
1854.16
(892.98)
268453
17976.56
(3.25)
183844
12752.50
-21.49
FUTURES
FUTURES
INDEX
INDEX
26070.00
26040.50
29.50
969297
64593.98
3.92
2526769
179322.91
-61.23
OPTIONS
OPTIONS
STOCK
6373.57
6303.05
70.53
861495
57516.51
0.50
STOCK
FUTURES
514826
37984.27
-18.25
FUTURES
STOCK
STOCK
4044.42
3995.29
49.13
76882
5273.83
8.03
OPTIONS
291799
21601.08
-17.31
OPTIONS
TOTAL
37449.18
38193.00
(743.82)
2176127
145360.87
1.75
TOTAL
3517238
251660.76
-54.36
Nifty Spot = 86907.60
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8700
114.10
Buy
8700
92.20
50.00
50.00
8750.00
32.75
67.25
8667.25
Sell
8800
64.10
Sell
8600
59.45
Buy
8700
114.10
Buy
8700
92.20
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82.35
117.65
8782.35
54.35
145.65
8645.65
Sell
8900
31.75
Sell
8500
37.85
Buy
8800
64.10
Buy
8600
59.45
32.35
67.65
8832.35
21.60
78.40
8578.40
Sell
8900
31.75
Sell
8500
37.85
Note: Above mentioned Bullish or Bearish Spreads in Nifty (October Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
October 10, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,599
1,612
1,622
1,635
1,644
ADANIPORTS
260
263
266
269
272
AMBUJACEM
247
250
252
255
257
ASIANPAINT
1,163
1,174
1,192
1,203
1,221
AUROPHARMA
815
835
855
876
896
AXISBANK
525
529
534
539
544
BAJAJ-AUTO
2,741
2,812
2,856
2,927
2,971
BANKBARODA
161
162
164
166
167
BHEL
133
134
135
136
137
BPCL
643
653
666
677
690
BHARTIARTL
313
316
320
324
328
INFRATEL
361
366
374
379
388
BOSCH
22,722
22,929
23,067
23,274
23,412
CIPLA
556
563
573
580
590
COALINDIA
314
316
318
320
322
DRREDDY
3,023
3,039
3,060
3,076
3,097
EICHERMOT
25,377
25,594
25,967
26,184
26,557
GAIL
409
411
415
418
422
GRASIM
991
1,008
1,021
1,038
1,050
HCLTECH
776
791
800
816
825
HDFCBANK
1,270
1,275
1,282
1,287
1,293
HDFC
1,382
1,393
1,409
1,420
1,437
HEROMOTOCO
3,426
3,450
3,471
3,495
3,517
HINDALCO
155
156
158
160
162
HINDUNILVR
857
867
878
889
900
ICICIBANK
245
248
251
254
257
IDEA
79
80
80
81
81
INDUSINDBK
1,199
1,210
1,219
1,230
1,239
INFY
995
1,004
1,019
1,028
1,043
ITC
235
237
239
241
242
KOTAKBANK
771
777
781
787
791
LT
1,434
1,445
1,453
1,464
1,472
LUPIN
1,477
1,488
1,497
1,508
1,517
M&M
1,359
1,367
1,377
1,385
1,395
MARUTI
5,640
5,662
5,689
5,712
5,739
NTPC
146
147
149
150
151
ONGC
262
265
269
272
276
POWERGRID
174
176
178
179
181
RELIANCE
1,096
1,103
1,113
1,119
1,129
SBIN
253
256
258
261
263
SUNPHARMA
745
748
752
755
759
TCS
2,342
2,355
2,371
2,384
2,401
TATAMTRDVR
349
357
362
371
376
TATAMOTORS
547
556
562
571
577
TATAPOWER
77
79
80
82
83
TATASTEEL
384
395
401
413
419
TECHM
413
417
420
424
428
ULTRACEMCO
3,865
3,900
3,940
3,974
4,014
WIPRO
473
475
477
479
482
YESBANK
1,256
1,265
1,275
1,284
1,294
ZEEL
549
561
567
579
585
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Technical & Derivatives Report
October 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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