Technical & Derivatives Report
April 13, 2016
Sensex (25146) / Nifty (7709)
Exhibit 1: Nifty Daily Chart
Post the flat opening, Nifty continued its previous day's
momentum and ended the session with marginal gains of 0.49%.
Although the index ended with marginal gains, the market
breadth was largely in favor of advances and hence, there have
been good trading opportunities with stock specific moves. In
near term, the index has resistance around its recent highs of
7750-7780 whereas Monday's low in range of 7500-7520 is the
immediate support. With an extended weekend ahead, the index
is expected to continue to trade rangebound with stock specific
volatility. Traders are hence advised to focus on stock specific
moves and trade with proper risk management. The intraday
support for Nifty is placed around 7664 and 7630 whereas
resistances are seen around 7737 and 7777.
Key Levels
Support 1 - 7664
Resistance 1 - 7737
Support 2 - 7630
Resistance 2 - 7777
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (15880)
Yesterday, the Nifty Bank index opened on a flat note and moved
higher in the first half of the session. However, we witnessed some
corrective action in the latter half of the session. Eventually, the
banking index ended with gains of 0.39 percent over its previous
close.
With yesterday’s subdued move, we are not seeing any major
change in the chart structure. In the near term, 16000 mark
should act as a crucial resistance for the index and a sustainable
move above that may pull the index towards 16280. On the
flipside, 15450 level would now be a seen as a sheet anchor for
the bulls. Intraday supports for the index are 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 - 16280
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Technical & Derivatives Report
April 13, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 2.06%
BankNifty futures open interest has decreased by 5.01%
as market closed at 7708.95 levels.
The Nifty April future closed at a premium of 23.85
points against a premium of 30.70 points. The May
series closed at a premium of 55.65 points.
The Implied Volatility of at the money options has
decreased from 13.55% to 13.18%.
The total OI of the market is Rs. 2,05,621/- cr. and the
stock futures OI is Rs. 55,520/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, GMRINFRA, HDFCBANK, PTC
and JPASSOCIAT.
Views
FIIs were net buyers in both cash market segment and
OI Gainers
Index Futures. They bought equities to the tune of Rs. 308
OI
PRICE
SCRIP
OI
PRICE
crores. While in Index futures, they bought marginally
CHG. (%)
CHG. (%)
with good amount of fall in OI, suggesting blend of short
MCDOWELL-N
1052250
20.84
2335.90
2.86
covering and long unwinding in yesterday's session.
M&M
3877600
20.63
1241.30
0.37
In Index Options front, they bought significantly worth Rs.
BEML
1471000
19.45
909.55
2.55
2008 crores with decent rise in OI. In call options, we
CEATLTD
1199100
18.22
1128.95
4.62
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hardly saw any relevant OI addition;
some unwinding
COALINDIA
20893200
13.78
275.80
-2.20
was visible in 7600 call options. On the other hand,
7600 and 7700 put options added fresh longs yesterday.
OI Losers
We believe FIIs have been buying these put from last two
OI
PRICE
SCRIP
OI
PRICE
trading session. Maximum open interest in call options is
CHG. (%)
CHG. (%)
intact in 8000 call and of put options is now visible in
PETRONET
4836000
-9.08
258.90
5.27
7000 strike. We saw Nifty showing strength from its
TORNTPHARM
213200
-5.16
1460.45
1.30
support zone of
7500-7550, but this move wasn’t
INFRATEL
3348800
-4.17
386.65
0.99
supported by longs. We would suggest traders to avoid
TATAMTRDVR
11291700
-4.10
294.30
2.28
forming any longs in Nifty at current juncture and to
IOB
10640000
-3.80
30.15
-1.95
trade stock specific.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
PETRONET
39.97
NIFTY
0.86
0.89
DABUR
28.67
BANKNIFTY
0.70
0.75
JISLJALEQS
48.79
SBIN
0.36
0.36
CEATLTD
41.86
INFY
0.52
0.58
WOCKPHARMA
56.34
ICICIBANK
0.35
0.40
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 13, 2016
FII Statistics for 12-April 2016
Turnover on 12-April 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1670.73
1554.13
116.61
209366
11772.82
(5.47)
261365
14106.17
-25.90
FUTURES
FUTURES
INDEX
INDEX
25319.38
23311.19
2008.19
1086367
62079.61
3.93
2770606
157196.27
-13.77
OPTIONS
OPTIONS
STOCK
3154.36
3396.73
(242.37)
1000799
46975.91
1.01
STOCK
FUTURES
493563
24408.63
-1.04
FUTURES
STOCK
STOCK
2521.92
2495.85
26.07
65851
3068.48
6.94
OPTIONS
254332
12904.40
-0.13
OPTIONS
TOTAL
32666.39
30757.90
1908.49
2362383
123896.82
1.86
TOTAL
3779866
208615.49
-12.68
Nifty Spot = 7708.95
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7800
54.60
Buy
7700
73.00
29.70
70.30
7829.70
32.20
67.80
7667.80
Sell
7900
24.90
Sell
7600
40.80
Buy
7800
54.60
Buy
7700
73.00
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43.95
156.05
7843.95
50.50
149.50
7649.50
Sell
8000
10.65
Sell
7500
22.50
Buy
7900
24.90
Buy
7600
40.80
14.25
85.75
7914.25
18.30
81.70
7581.70
Sell
8000
10.65
Sell
7500
22.50
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 13, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,421
1,435
1,444
1,457
1,466
ADANIPORTS
223
228
232
237
240
AMBUJACEM
219
221
224
226
229
ASIANPAINT
855
861
865
871
876
AUROPHARMA
765
775
782
792
799
AXISBANK
426
430
433
437
440
BAJAJ-AUTO
2,420
2,440
2,454
2,474
2,488
BANKBARODA
147
148
149
151
152
BHEL
125
126
127
129
130
BPCL
904
913
926
934
948
BHARTIARTL
341
345
349
354
357
INFRATEL
371
378
382
389
394
BOSCH
19,639
19,806
20,000
20,167
20,362
CIPLA
494
498
504
507
513
COALINDIA
267
271
276
279
284
DRREDDY
3,029
3,056
3,077
3,104
3,125
EICHERMOT
19,201
19,379
19,490
19,668
19,779
GAIL
344
355
361
373
379
GRASIM
3,954
3,998
4,025
4,068
4,095
HCLTECH
825
832
839
846
852
HDFCBANK
1,053
1,058
1,064
1,070
1,076
HDFC
1,070
1,080
1,086
1,096
1,102
HEROMOTOCO
2,947
2,999
3,032
3,084
3,117
HINDALCO
89
90
92
93
95
HINDUNILVR
855
864
869
878
883
ICICIBANK
221
225
228
232
235
IDEA
110
111
114
116
119
INDUSINDBK
953
961
966
974
979
INFY
1,169
1,176
1,185
1,192
1,202
ITC
318
320
323
325
328
KOTAKBANK
664
671
676
683
689
LT
1,194
1,208
1,221
1,236
1,249
LUPIN
1,513
1,525
1,534
1,546
1,556
M&M
1,220
1,230
1,239
1,249
1,259
MARUTI
3,405
3,489
3,550
3,634
3,694
NTPC
132
134
135
137
138
ONGC
205
208
210
214
216
POWERGRID
140
142
143
145
147
RELIANCE
1,028
1,038
1,048
1,057
1,067
SBIN
184
186
188
190
192
SUNPHARMA
812
818
822
828
833
TCS
2,474
2,496
2,510
2,533
2,547
TATAMTRDVR
287
291
293
296
299
TATAMOTORS
383
390
393
400
404
TATAPOWER
67
67
68
69
70
TATASTEEL
312
318
324
331
337
TECHM
453
459
466
471
478
ULTRACEMCO
3,110
3,138
3,168
3,197
3,227
WIPRO
557
563
567
574
578
YESBANK
845
852
860
867
875
ZEEL
385
395
401
411
417
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Technical & Derivatives Report
April 13, 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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