Technical & Derivatives Report
August 11, 2016
Sensex (27775) / Nifty (8575)
Exhibit 1: Nifty Hourly Chart
Yesterday, the Nifty opened on a flat note and faced a strong
resistance around the 61.8% Fibonacci retracement level (8690)
of Tuesday’s corrective move from 8728.35 to 8638.20. Due to
enhanced selling pressure in initial trades, the Nifty tumbled in
first couple of hours to confirm a ‘Lower Top Lower Bottom’ on
hourly chart. As a result, the Nifty then corrected gradually to
shed more than a percent from its previous close.
The index has now breached the strong support zone of 8620 -
8600, which coincided with the hourly ’89 EMA’. This generally is
a sign of further weakness; but, the index is currently undergoing
a ‘Time-wise Corrective Phase’ and thus, immediately we do not
expect any major downside. The Nifty is now approaching yet
another key technical evidence, the ‘200 SMA’ on hourly chart,
which is placed around 8535. Also, a recent swing low of
8518.35 is also not so far and thus, the index may take a pause
after nearing this support zone of 8535 - 8518 and may attempt
to give a modest bounce in coming trading session. On the
higher side, 8610 - 8640 are seen as immediate hurdles for the
index.
Key Levels
Support 1 - 8535
Resistance 1 - 8610
Support 2 - 8518
Resistance 2 - 8640
Nifty Bank Outlook - (18648)
Exhibit 2: Nifty Bank Hourly Chart
In yesterday's trading session, the Nifty Bank index opened on a
flat note and corrected from the initial trades. The index traded
with negative bias throughout the session and ended the session
with loss of 1.15 percent over its previous session's close.
As we have been mentioning in our reports, the index is in a
consolidation phase and is expected to trade in broad range of
18440 - 19127 in the near term. Unless any definite signs of
trended move seen on charts, we continue to advised traders to
stay light on positions. Since the higher degree trend is positive
and prices are now approaching the lower end of the mentioned
range, traders should refrain from creating short positions. The
intraday support for the index are placed around 18540 and
18440; whereas resistances are seen around 18790 - 18840.
Key Levels
Support 1 - 18540
Resistance 1 - 18790
Support 2 - 18440
Resistance 2 - 18840
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Technical & Derivatives Report
August 11, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.67%
BankNifty futures open interest has decreased by 2.74%
as market closed at 8575.30 levels.
The Nifty August future closed with a premium of 22.75
points against a premium of 24.30 points in previous
session. The September series closed at a premium of
74.25 points.
The Implied Volatility of at the money options has
increased from 12.65% to 13.17%.
The total OI of the market is Rs. 2,72,317/- cr. and the
stock futures OI is Rs. 76,467/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, IFCI, HDFCBANK, MINDTREE
and NTPC.
Views
OI Gainers
FIIs continued their buying streak in both equity cash and
OI
PRICE
index futures segment. Yesterday, they bought equities to
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
the tune of Rs. 413 crores. While, they were net buyers
TATACOMM
4986800
18.22
484.15
5.74
worth Rs. 93 crores in Index Futures with marginal rise in
MOTHERSUMI
8645000
16.78
328.60
-7.38
OI, indicating some fresh long formation.
LUPIN
6497100
10.62
1551.55
-3.98
On Index Options front, FIIs sold worth Rs. 362 crores
with rise in OI. In call options, huge OI build-up was
TATACHEM
4651500
10.00
506.20
8.84
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seen in 8700, 8800 and 8600 strikes. While in put
MCDOWELL-N
3679750
9.09
2168.55
-1.89
options,
8300 and 8400 strikes added some fresh
positions; followed by unwinding in 8600 strike. Highest
OI Losers
OI in August series is visible at 9000 call and 8500 put
OI
PRICE
SCRIP
OI
PRICE
options.
CHG. (%)
CHG. (%)
Despite, the correction in yesterday’s session, we didn’t
CONCOR
529000
-21.04
1472.30
0.88
saw any shorting from FIIs front. Till the time, we don’t
TORNTPHARM
212800
-9.52
1477.75
-1.63
see any significant sign of reversal on derivative data
APOLLOTYRE
12321000
-9.18
173.00
-5.70
front; we maintain our bullish stance on the index.
DISHTV
46417000
-8.96
90.15
-6.39
Hence, traders are advised not to go short at current
STAR
774000
-7.08
1140.55
1.16
juncture.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TATACHEM
49.87
NIFTY
0.94
0.90
GRASIM
44.62
BANKNIFTY
0.73
0.76
ADANIPORTS
49.81
ICICIBANK
0.35
0.25
GMRINFRA
50.58
INFY
0.31
0.32
MOTHERSUMI
59.21
LUPIN
0.34
0.51
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 11, 2016
FII Statistics for 10-August 2016
Turnover on 10-August 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
2178.52
2085.89
92.62
342469
22434.01
0.83
246305
16725.86
23.45
FUTURES
FUTURES
INDEX
INDEX
47499.63
47861.73
(362.10)
1008606
65463.87
4.50
4027579
279736.36
24.50
OPTIONS
OPTIONS
STOCK
5995.58
6571.75
(576.17)
886043
56990.50
1.02
STOCK
FUTURES
633064
43076.62
5.47
FUTURES
STOCK
STOCK
4863.80
4883.60
(19.80)
86679
5668.48
6.20
OPTIONS
422289
29063.94
15.33
OPTIONS
TOTAL
60537.54
61402.98
(865.44)
2323797
150556.86
2.66
TOTAL
5329237
368602.79
21.14
Nifty Spot = 8575.30
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8600
90.15
Buy
8600
92.90
42.15
57.85
8642.15
37.45
62.55
8562.55
Sell
8700
48.00
Sell
8500
55.45
Buy
8600
90.15
Buy
8600
92.90
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67.70
132.30
8667.70
60.80
139.20
8539.20
Sell
8800
22.45
Sell
8400
32.10
Buy
8700
48.00
Buy
8500
55.45
25.55
74.45
8725.55
23.35
76.65
8476.65
Sell
8800
22.45
Sell
8400
32.10
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 11, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,562
1,591
1,639
1,668
1,716
ADANIPORTS
238
248
255
265
272
AMBUJACEM
251
256
264
268
276
ASIANPAINT
1,115
1,123
1,136
1,143
1,156
AUROPHARMA
726
736
753
763
781
AXISBANK
556
562
569
574
581
BAJAJ-AUTO
2,811
2,833
2,868
2,890
2,925
BANKBARODA
153
157
159
163
165
BHEL
133
135
138
140
143
BPCL
563
573
589
599
615
BHARTIARTL
340
343
348
352
357
INFRATEL
370
374
380
384
390
BOSCH
24,540
24,781
25,226
25,467
25,912
CIPLA
510
516
525
530
539
COALINDIA
332
335
337
340
343
DRREDDY
2,963
2,981
3,007
3,025
3,051
EICHERMOT
21,349
21,544
21,816
22,011
22,283
GAIL
369
371
375
377
381
GRASIM
4,555
4,699
4,950
5,094
5,344
HCLTECH
800
809
815
824
829
HDFCBANK
1,201
1,214
1,233
1,245
1,264
HDFC
1,314
1,325
1,337
1,349
1,361
HEROMOTOCO
3,209
3,263
3,351
3,405
3,493
HINDALCO
142
144
147
148
151
HINDUNILVR
915
920
928
933
940
ICICIBANK
233
236
241
245
250
IDEA
89
91
94
96
100
INDUSINDBK
1,130
1,144
1,167
1,181
1,204
INFY
1,069
1,076
1,082
1,088
1,095
ITC
244
245
247
248
250
KOTAKBANK
752
757
763
768
774
LT
1,460
1,472
1,488
1,499
1,516
LUPIN
1,497
1,521
1,564
1,588
1,631
M&M
1,400
1,425
1,459
1,484
1,518
MARUTI
4,767
4,814
4,897
4,944
5,027
NTPC
154
156
159
161
164
ONGC
224
227
229
231
233
POWERGRID
172
173
175
176
178
RELIANCE
981
992
1,013
1,025
1,046
SBIN
227
229
233
235
239
SUNPHARMA
804
811
822
829
840
TCS
2,634
2,655
2,668
2,689
2,702
TATAMTRDVR
325
329
334
338
342
TATAMOTORS
493
498
507
513
522
TATAPOWER
72
73
75
75
77
TATASTEEL
361
366
373
377
384
TECHM
485
491
498
504
510
ULTRACEMCO
3,653
3,691
3,751
3,788
3,848
WIPRO
534
538
545
549
556
YESBANK
1,238
1,253
1,262
1,277
1,287
ZEEL
504
509
514
519
523
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Technical & Derivatives Report
August 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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