Technical & Derivatives Report
July 11, 2016
Exhibit 1: Nifty Daily Chart
Sensex (27127) / Nifty (8323)
During the week gone by, the Nifty oscillated in a narrow range
of 111 points and eventually managed to defend the 8300 mark.
Our interpretation of last week’s consolidation is of it being a
‘Time-wise’ correction. The previous resistance zone of 8240 -
8300 acted as a sheet anchor in terms of extending support to
the market, and we expect it to hold well in the forthcoming week
as well. In fact, one of the notable observations that is adding
more conviction to our bullish stance on the market is the Nifty
having entered a new ‘Time Zone’ (of 34 sessions) on 24th May
as per the ‘Fibonacci Time Series’ which will be completed on
Monday, 11th July. This previous time zone provided bullish
momentum to our market and we expect the Nifty to resume its
uptrend after entering the new ‘Time Zone’ (of 55 sessions).
Hence, traders are advised to trade with a positive bias and be
prepared for the next leg of the up move. As per the weekly chart,
the next major resistance stands at 8654.75 (July 2015 high) on
Nifty and we are expecting the index to gradually ascend towards
this hurdle. Intraday resistance levels are seen at 8420 and 8540.
Key Levels
Support 1 - 8300
Resistance 1 - 8420
Support 2 - 8240
Resistance 2 - 8540
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (18016)
During last week, the Nifty Bank index consolidated in an narrow
range and ended the week with minor gains of 0.17 percent over
its previous week's close.
The recent consolidation during last week just seems to be a
breather within the uptrend as there are no signs of reversal
pattern. The Private sector banking stocks, which form major
constituents of the Nifty Bank index, continues to show positive
structure and thus traders are advised to trade with positive bias.
The intraday supports for the index are placed around 17910 and
17840; whereas resistances are seen around 18200 and 18350.
Key Levels
Support 1 - 17910
Resistance 1 - 18200
Support 2 - 17840
Resistance 2 - 18350
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Technical & Derivatives Report
July 11, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.78%
BankNifty futures open interest has increased by 0.97%
as market closed at 8323.20 levels.
The Nifty July future closed with a premium of 13.25
points against a premium of 20.40 points in previous
session. The August series closed at a premium of 50.15
points.
The Implied Volatility of at the money options has
decreased from 14.14% to 13.79%.
The total OI of the market is Rs. 2,15,713/- cr. and the
stock futures OI is Rs. 64,607/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, IDFC, GMRINFRA, UNITECH
and IGL.
Views
OI Gainers
FIIs were net buyers in cash market segment to the tune
OI
PRICE
of Rs. 331 crores. While in Index Futures, they were net
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
sellers of Rs. 222 crores with rise in open interest,
TORNTPHARM
257200
42.89
1428.60
1.55
indicating some short formation in previous trading
BPCL
8709000
25.00
1107.25
-0.08
session.
On Index Options front, FIIs bought worth Rs. 401 crores
PIDILITIND
1262000
23.24
734.10
2.44
with rise in open interest. We hardly saw any meaningful
AJANTPHARM
453600
19.12
1641.05
2.60
w8300-ngelbroking.com
open interest addition in Nifty options.
8400 call
PFC
10038000
13.04
194.65
3.59
and 8300 puts were comparatively active. Maximum
open interest in current series is placed at 8500 call and
OI Losers
of put has shifted from 8000 to 8200 strikes.
OI
PRICE
SCRIP
OI
PRICE
We witness good amount of long formation in Index
CHG. (%)
CHG. (%)
Futures and these positions are still intact. In last two-
NIITTECH
706000
-10.06
496.55
-1.04
three trading sessions, FIIs were net sellers in Index
APOLLOHOSP
614000
-7.36
1371.60
0.24
futures but quantum is negligible. We believe resistance
JPASSOCIAT
156332000
-6.43
11.45
-4.98
of 8280-8300 may now act as a support for Nifty.
POWERGRID
14544000
-5.88
164.65
0.18
Hence, traders are advised to trade with positive bias.
DABUR
4967500
-5.87
313.55
-0.73
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CADILAHC
33.33
NIFTY
1.04
0.95
PIDILITIND
23.55
BANKNIFTY
1.08
0.95
ASIANPAINT
22.89
SBIN
0.66
0.55
IRB
26.97
RELIANCE
0.47
0.39
PFC
39.92
INFY
0.83
0.57
Strategy Date
Symbol
Strategy
Status
04-07-2016
RCOM
Ratio Bull Call Spread
Active
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Technical & Derivatives Report
July 11, 2016
FII Statistics for 08-July 2016
Turnover on 08-July 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1137.01
1358.65
(221.64)
237744
15148.95
2.04
199150
13034.96
11.12
FUTURES
FUTURES
INDEX
INDEX
20072.29
19671.21
401.09
827968
52081.43
3.52
2130858
140039.81
-30.12
OPTIONS
OPTIONS
STOCK
4595.70
4313.85
281.85
793562
49469.86
1.17
STOCK
FUTURES
460380
29377.91
-4.76
FUTURES
STOCK
STOCK
2410.21
2439.46
(29.25)
57978
3672.92
12.38
OPTIONS
242116
15805.97
-4.09
OPTIONS
TOTAL
28215.22
27783.17
432.05
1917252
120373.16
2.60
TOTAL
3032504
198258.65
-23.59
Nifty Spot = 8323.20
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8300
126.70
Buy
8300
92.75
52.40
47.60
8352.40
32.30
67.70
8267.70
Sell
8400
74.30
Sell
8200
60.45
Buy
8300
126.70
Buy
8300
92.75
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88.25
111.75
8388.25
54.05
145.95
8245.95
Sell
8500
38.45
Sell
8100
38.70
Buy
8400
74.30
Buy
8200
60.45
35.85
64.15
8435.85
21.75
78.25
8178.25
Sell
8500
38.45
Sell
8100
38.70
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
July 11, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,582
1,590
1,600
1,608
1,618
ADANIPORTS
201
204
208
211
215
AMBUJACEM
255
256
259
260
263
ASIANPAINT
979
995
1,004
1,020
1,030
AUROPHARMA
765
772
777
784
790
AXISBANK
536
541
545
550
553
BAJAJ-AUTO
2,578
2,591
2,613
2,626
2,648
BANKBARODA
150
153
156
158
161
BHEL
132
135
138
141
144
BPCL
1,095
1,105
1,114
1,124
1,134
BHARTIARTL
348
351
357
361
366
INFRATEL
335
340
345
350
356
BOSCH
22,376
22,583
22,716
22,923
23,057
CIPLA
509
515
519
524
528
COALINDIA
307
309
312
314
317
DRREDDY
3,466
3,514
3,543
3,591
3,620
EICHERMOT
19,271
19,361
19,491
19,581
19,711
GAIL
368
372
378
382
389
GRASIM
4,493
4,517
4,548
4,572
4,602
HCLTECH
710
716
721
727
732
HDFCBANK
1,163
1,169
1,177
1,183
1,192
HDFC
1,258
1,273
1,287
1,302
1,316
HEROMOTOCO
3,087
3,128
3,153
3,194
3,219
HINDALCO
124
125
127
129
130
HINDUNILVR
907
914
920
927
933
ICICIBANK
237
240
242
244
247
IDEA
99
100
102
104
106
INDUSINDBK
1,097
1,112
1,121
1,136
1,146
INFY
1,146
1,152
1,160
1,166
1,173
ITC
240
243
245
248
250
KOTAKBANK
733
738
743
748
753
LT
1,503
1,518
1,537
1,552
1,571
LUPIN
1,569
1,604
1,658
1,693
1,748
M&M
1,437
1,445
1,455
1,464
1,474
MARUTI
4,105
4,133
4,154
4,183
4,204
NTPC
149
151
153
155
157
ONGC
221
222
224
225
227
POWERGRID
160
162
164
166
168
RELIANCE
969
974
981
986
994
SBIN
214
216
219
221
223
SUNPHARMA
768
773
779
784
790
TCS
2,386
2,406
2,424
2,445
2,463
TATAMTRDVR
291
293
296
298
301
TATAMOTORS
460
463
466
469
471
TATAPOWER
72
73
73
74
75
TATASTEEL
309
314
317
321
324
TECHM
495
499
503
507
512
ULTRACEMCO
3,352
3,376
3,393
3,417
3,434
WIPRO
552
557
560
565
568
YESBANK
1,100
1,110
1,117
1,127
1,134
ZEEL
445
449
453
456
460
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Technical & Derivatives Report
July 11, 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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