Technical & Derivatives Report
April 12, 2016
Sensex (25022) / Nifty (7671)
Exhibit 1: Nifty Daily Chart
Yesterday’s session opened slightly higher owing to mixed global
cues. However, we saw some selling pressure right from the
opening trade. As a result, the Nifty shaved off all morning gains
and slipped below Friday’s low of
7526.70. However,
immediately post the midsession; we witnessed a sudden spurt in
the market after making a low of 7516.85. The magnitude at
which this up move took place was certainly surprising to most of
the market participants, including us.
If we refer to our previous report, is must be admitted that a sharp
rise in the latter half of yesterday’s session caught us completely
on the wrong foot as we were expecting 7480 to be tested first.
However, fortunately, we maintained our stock centric approach
and thus, were able to participate by recommending long ideas in
individual stocks. Going forward, we do not want to get carried
away by this momentum as yesterday’s rally was mainly propelled
by the defensive stocks and thus, going forward, we see a strong
resistance zone around 7680 - 7720 levels. On the flipside,
7600 - 7560 would now be seen as immediate support zone.
Key Levels
Support 1 - 7600
Resistance 1 - 7680
Support 2 - 7560
Resistance 2 - 7700
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (15819)
Yesterday, the Nifty Bank index opened with marginal gains and
started correcting from initial trades. After witnessing a bit of
selling pressure in the initial half, the banking index took off post
the mid session to eventually end the session with healthy gains of
1.61 percent over its previous close.
Yesterday, the Nifty Bank index found a support around previous
weeks’ low and then witnessed a vertical rally, which was quite
surprising for most of the participants, including us. The positive
momentum of yesterday’s session may continue at least towards
16000 - 16050 levels. Since, formation of ‘Bearish Engulfing’ is
still intact on weekly chart; traders should not get carried away
with this bounce. On the flipside, 15450 level would now be a
seen as sheet anchor for the bulls. Intraday support for the index
is placed at 15620 and 15450 levels. Traders are advised to
remain light and wait for further development to initiate a
positional trade on the index.
Key Levels
Support 1 - 15620
Resistance 1 - 16000
Support 2 - 15450
Resistance 2 - 16050
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Technical & Derivatives Report
April 12, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.08%
BankNifty futures open interest has decreased by 8.13%
as market closed at 7671.40 levels.
The Nifty April future closed at a premium of 30.70
points against a premium of 22.90 points. The May
series closed at a premium of 63.90 points.
The Implied Volatility of at the money options has
decreased from 13.86% to 13.55%.
The total OI of the market is Rs. 2,01,404/- cr. and the
stock futures OI is Rs. 54,575/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, GMRINFRA, ADANIPOWER,
ADANIENT and JISLJALEQS.
Views
OI Gainers
Though Nifty bounced by more than 100 points in
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
yesterday’s session, we didn’t see any longs in Index. FIIs
BEML
1231500
33.57
886.90
-0.63
activity in cash market segment remained subdued. In
Index Futures, they were marginal sellers with some rise
TATAELXSI
646800
16.29
1936.05
3.41
in open intrest.
AMBUJACEM
8412600
14.26
225.60
-0.57
HAVELLS
4208000
13.73
340.60
3.32
In Index Options front, they bought worth Rs. 529 crores
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AMARAJABAT
792600
13.68
895.85
3.40
with some rise in OI. PCR-OI increased from 0.76 to
0.83, which is mainly due to OI addition in put options.
In call options, we hardly saw any relevent OI addition.
OI Losers
While, decent unwinding was visible in 7700 call options.
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
On the other hand, 7600 put option added fresh longs
CUMMINSIND
251400
-11.60
879.95
1.13
yesterday. Maximum open interest in call options is intact
HINDZINC
6118400
-6.55
161.10
0.03
in 8000 strike and of put options is now visible in 7000
strike. Yesterday's move in Nifty wasn't supported by
HEXAWARE
2736000
-5.00
252.15
1.41
longs, we would suggest trader to trade light in Nifty and
INFRATEL
3494400
-4.95
382.85
3.26
adopt stock specific approch.
CROMPGREAV
18372000
-4.82
52.55
3.24
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
UBL
30.49
NIFTY
0.83
0.84
WIPRO
23.71
BANKNIFTY
0.68
0.74
RELINFRA
58.31
SBIN
0.36
0.27
IDEA
53.12
ICICIBANK
0.34
0.28
TCS
28.71
INFY
0.50
0.51
Strategy Date
Symbol
Strategy
Status
April 04, 2016
TCS
Ratio Bear Put Spread
Active
April 11, 2016
ITC
Short Strangle
Active
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Technical & Derivatives Report
April 12, 2016
FII Statistics for 11-April 2016
Turnover on 11-April 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1599.76
1628.59
(28.83)
221476
12381.02
0.79
357324
19036.09
66.95
FUTURES
FUTURES
INDEX
INDEX
29403.06
28873.69
529.37
1045267
59463.85
0.86
3242349
182297.88
44.24
OPTIONS
OPTIONS
STOCK
3776.71
4150.54
(373.83)
990822
46195.53
0.86
STOCK
FUTURES
510149
24665.01
21.75
FUTURES
STOCK
STOCK
2628.94
2734.48
(105.54)
61578
2845.68
14.32
OPTIONS
262638
12921.13
15.55
OPTIONS
TOTAL
37408.48
37387.30
21.17
2319143
120886.09
1.17
TOTAL
4372460
238920.11
41.18
Nifty Spot = 7671.40
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7700
90.20
Buy
7700
88.60
42.40
57.60
7742.40
36.55
63.45
7663.45
Sell
7800
47.80
Sell
7600
52.05
Buy
7700
90.20
Buy
7700
88.60
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67.70
132.30
7767.70
58.95
141.05
7641.05
Sell
7900
22.50
Sell
7500
29.65
Buy
7800
47.80
Buy
7600
52.05
25.30
74.70
7825.30
22.40
77.60
7577.60
Sell
7900
22.50
Sell
7500
29.65
Note: Above mentioned Bullish or Bearish Spreads in Nifty (April Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
April 12, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,416
1,432
1,441
1,456
1,465
ADANIPORTS
215
222
226
233
237
AMBUJACEM
218
221
225
228
231
ASIANPAINT
836
848
855
867
874
AUROPHARMA
743
757
765
779
787
AXISBANK
412
421
426
435
441
BAJAJ-AUTO
2,349
2,392
2,415
2,458
2,481
BANKBARODA
141
145
148
152
155
BHEL
337
343
346
352
355
BPCL
121
124
126
129
131
BHARTIARTL
18,587
19,285
19,692
20,391
20,798
INFRATEL
883
900
910
927
937
BOSCH
493
497
502
506
511
CIPLA
275
278
280
283
285
COALINDIA
2,980
3,005
3,020
3,045
3,060
DRREDDY
18,846
19,118
19,271
19,543
19,696
EICHERMOT
340
346
350
356
360
GAIL
3,869
3,938
3,983
4,052
4,097
GRASIM
818
828
835
846
853
HCLTECH
1,050
1,065
1,075
1,090
1,099
HDFCBANK
1,031
1,051
1,063
1,082
1,094
HDFC
2,882
2,929
2,956
3,003
3,029
HEROMOTOCO
86
89
91
94
96
HINDALCO
836
850
859
873
882
HINDUNILVR
217
221
223
227
229
ICICIBANK
106
111
113
118
120
IDEA
928
944
953
970
979
INDUSINDBK
362
371
378
388
394
INFY
1,138
1,161
1,174
1,197
1,210
ITC
313
320
324
331
335
KOTAKBANK
654
663
669
677
684
LT
1,175
1,194
1,205
1,224
1,235
LUPIN
1,475
1,497
1,523
1,545
1,571
M&M
1,199
1,218
1,228
1,247
1,258
MARUTI
3,398
3,438
3,463
3,503
3,528
NTPC
130
132
134
136
137
ONGC
203
205
207
210
211
POWERGRID
140
141
142
143
144
RELIANCE
1,027
1,034
1,040
1,046
1,052
SBIN
179
184
186
191
193
SUNPHARMA
801
809
818
826
834
TCS
369
378
383
392
397
TATAMTRDVR
271
279
284
292
297
TATAMOTORS
65
66
67
69
69
TATAPOWER
315
323
328
336
341
TATASTEEL
2,375
2,441
2,479
2,545
2,583
TECHM
444
457
464
477
484
ULTRACEMCO
3,111
3,132
3,161
3,181
3,210
WIPRO
532
549
559
576
585
YESBANK
842
851
857
865
871
ZEEL
384
390
393
398
401
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Technical & Derivatives Report
April 12, 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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