Technical & Derivatives Report
November 10, 2016
Sensex (27253) / Nifty (8432)
Exhibit 1: Nifty Daily Chart
It was a memorable day for our markets as two major
developments, on the domestic as well as global front spooked
market participants in a big way during the morning session. The
Nifty opened with a humongous downside gap and tested sub-
8100 levels in the opening tick. However, surprisingly, we
witnessed a ‘V-shaped’ recovery with a massive upward
momentum to pare down major portion of losses.
The Nifty has now met with our downside target of 8150 which
we have been expecting since last few weeks. Now, we would like
to stay neutral until we see any major reversal on charts. For
Nifty, 8520 - 8560 would be seen as immediate resistance levels.
A strong optimism would be seen only above 8560. Until then we
expect index to consolidate in a broad range, where the
immediate support would now be seen at 8380 - 8300 levels.
Key Levels
Support 1 - 8380
Resistance 1 - 8520
Support 2 - 8300
Resistance 2 - 8560
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (19518)
On the back of global as well as domestic developments, the
Nifty Bank index opened with a massive downside gap of 1230
points. However, within a short span of time post opening, the
index started recovering the losses and rallied sharply during the
day to end the session on a marginal positive note.
Yesterday's market action could be termed as one of an unusual
move, with the banking index forming a range of over 1400
points in a single trading session. The recovery from the lower
end clearly depicts that the buyers have used the gap down
opening as a buying opportunity. Yesterday's low now marks a
significant support for the future, which although, is much below
from the current price. For the buying momentum to continue, the
index needs to close above the ‘Falling Trendline’ resistance
which is placed around
19700 which would then lead to
resumption of an uptrend. Traders are hence advised to be
vigilant on the market moves and trade with positive bias post a
move above 19700 on closing basis. Until then, traders should
remain light on positions as the volatility is expected to be higher
in near term. The intraday support for the Nifty Bank index is
placed in range of 19000 - 18800; whereas, resistances are
seen around 19700 and 19922.
Key Levels
Support 1 - 19000
Resistance 1 - 19700
Support 2 - 18800
Resistance 2 - 19922
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Technical & Derivatives Report
November 10, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.61%
BankNifty futures open interest has increased by 11.47%
as market closed at 8432.00 levels.
The Nifty November future closed with a premium of
30.70 against the premium of 23.00 points in last
trading session. The December series closed at a
premium of 83.95 points.
The Implied Volatility of at the money options has
decreased from 17.73% to 16.20%. At the same time,
the PCR-OI of Nifty has increased from 0.96 to 0.98
levels.
The total OI of the market is Rs. 2,58,680/- cr. and the
stock futures OI is Rs. 72,288/- cr.
Few of the liquid counters where we have seen high cost
of carry are INFRATEL, JSWENERGY, EICHERMOT,
COALINDIA and JPASSOCIAT.
Views
OI Gainers
Yesterday, FIIs sold significantly in cash market segment;
OI
PRICE
SCRIP
OI
PRICE
they were net sellers of Rs. 2095 crores. While, in index
CHG. (%)
CHG. (%)
futures, they were net buyer to the tune of Rs. 709 crores
DCBBANK
2430000
35.34
118.35
-8.86
with rise in open interest, indicating fresh long formation
MARUTI
2076450
16.97
5412.25
-4.84
in yesterday’s trading session.
DHFL
14574000
16.25
282.45
-10.21
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On Index Options front, FIIs bought of worth Rs. 461
HEROMOTOCO
1272200
13.63
3244.20
-4.01
crores with rise in OI. In call options, 8200 and 8300
HAVELLS
3890000
12.62
376.40
-4.70
strike prices added good amount of positions, followed
LICHSGFIN
10839400
9.78
527.90
-3.92
by unwinding in out the money strikes 8700 and 8800.
ULTRACEMCO
977200
8.89
3783.30
-4.47
On the other hand in put options, 8000 and 7800 strikes
ITC
43567200
8.84
249.35
-2.92
added huge positions. While, good amount of unwinding
was also visible in
8400 and
8500 put options.
OI Losers
Maximum OI in November series is placed at 9000 call
OI
PRICE
and 8200 put options.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Yesterday, Nifty plunged nearly 500 points in initial hour
CROMPGREAV
8424000
-29.16
81.90
-1.80
of trade; but, managed to cover most of its losses by
OIL
1006400
-19.35
402.90
-1.76
closing 111 points down. Surprisingly, FIIs were net
NIITTECH
767000
-17.26
403.85
-1.09
buyers in Index Futures and Stock Futures yesterday.
ENGINERSIN
7455000
-16.44
266.35
1.54
While in options front, they bought fresh put options.
GRANULES
11125000
-15.01
108.05
-5.22
Looking at yesterday data, we would like to wait for any
SRF
442000
-13.84
1708.30
-2.47
relevant follow up action by FIIs. At current juncture, we
SINTEX
33865125
-13.39
79.35
-4.46
would suggest traders to be light in Index and trade stock
MRF
34245
-13.33
52324.90
0.12
specific.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
DLF
101.15
NIFTY
0.98
0.94
HDIL
100.98
BANKNIFTY
1.25
0.78
IBREALEST
111.77
RELIANCE
0.43
0.51
DCBBANK
52.87
ICICIBANK
0.57
0.50
PCJEWELLER
64.10
SBIN
0.54
0.61
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Technical & Derivatives Report
November 10, 2016
FII Statistics for November 09, 2016
Turnover on November 09, 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
6245.12
5536.04
709.08
194485
12899.47
3.98
690315
45827.67
258.61
FUTURES
FUTURES
INDEX
INDEX
133584.90
133124.32
460.57
1079050
69948.90
5.41
9365679
637462.45
236.44
OPTIONS
OPTIONS
STOCK
13524.55
12754.86
769.69
878695
54954.20
0.13
STOCK
FUTURES
886518
56710.05
60.66
FUTURES
STOCK
STOCK
10608.99
10748.14
(139.15)
101147
6683.01
8.04
OPTIONS
627577
42684.20
62.19
OPTIONS
TOTAL
163963.56
162163.36
1800.19
2253377
144485.59
3.28
TOTAL
11570089
782684.37
196.62
Nifty Spot = 8432.00
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8500
87.55
Buy
8400
83.70
40.35
59.65
8540.35
27.55
72.45
8372.45
Sell
8600
47.20
Sell
8300
56.15
Buy
8500
87.55
Buy
8400
83.70
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64.35
135.65
8564.35
45.30
154.70
8354.70
Sell
8700
23.20
Sell
8200
38.40
Buy
8600
47.20
Buy
8300
56.15
24.00
76.00
8624.00
17.75
82.25
8282.25
Sell
8700
23.20
Sell
8200
38.40
Note: Above mentioned Bullish or Bearish Spreads in Nifty (November Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
November 10, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1 318
1 386
1 427
1 495
1 536
ADANIPORTS
253
268
275
290
298
AMBUJACEM
215
223
229
237
243
ASIANPAINT
914
983
1 020
1 089
1 126
AUROPHARMA
646
703
737
794
829
AXISBANK
445
466
480
501
515
BAJAJ-AUTO
2 588
2 683
2 754
2 849
2 919
BANKBARODA
129
140
146
158
164
BHEL
124
132
136
143
148
BPCL
609
635
652
677
694
BHARTIARTL
274
288
296
310
318
INFRATEL
309
336
352
378
394
BOSCH
18 944
20 102
20 750
21 908
22 556
CIPLA
470
498
515
543
560
COALINDIA
277
297
309
329
341
DRREDDY
2 814
3 048
3 195
3 429
3 575
EICHERMOT
21 046
22 189
22 984
24 127
24 922
GAIL
407
427
438
457
468
GRASIM
786
841
875
929
963
HCLTECH
747
766
782
801
817
HDFCBANK
1 173
1 212
1 235
1 274
1 297
HDFC
1 289
1 320
1 341
1 372
1 393
HEROMOTOCO
2 964
3 100
3 176
3 312
3 388
HINDALCO
146
154
159
167
172
HINDUNILVR
785
806
821
843
857
ICICIBANK
231
256
270
296
310
IDEA
63
68
70
75
77
INDUSINDBK
1 128
1 164
1 186
1 221
1 243
INFY
871
915
945
988
1 018
ITC
231
239
247
256
264
KOTAKBANK
737
780
805
847
872
LT
1 251
1 321
1 365
1 435
1 479
LUPIN
1 310
1 420
1 492
1 602
1 675
M&M
1 210
1 272
1 315
1 377
1 421
MARUTI
5 169
5 281
5 417
5 529
5 665
NTPC
142
148
152
158
162
ONGC
243
256
264
277
285
POWERGRID
162
171
176
185
191
RELIANCE
902
953
981
1 032
1 060
SBIN
226
243
252
269
278
SUNPHARMA
537
599
634
696
731
TCS
2 064
2 117
2 196
2 249
2 328
TATAMTRDVR
297
321
335
359
373
TATAMOTORS
482
508
526
552
570
TATAPOWER
65
68
70
74
76
TATASTEEL
367
383
393
410
420
TECHM
394
414
429
449
464
ULTRACEMCO
3 454
3 610
3 740
3 896
4 026
WIPRO
393
420
435
462
478
YESBANK
1 084
1 152
1 191
1 258
1 297
ZEEL
433
470
493
529
552
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Technical & Derivatives Report
November 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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