Technical & Derivatives Report
May 13, 2016
Sensex (25790) / Nifty (7900)
Exhibit 1: Nifty Daily Chart
Yesterday, our benchmark index showed their outperformance by
shrugging off all the negative cues from the global bourses and
regained the 7900 mark on a closing basis.
Considering yesterday’s price action, the hourly chart looks
encouraging and thus going forward, we expect this optimism to
continue towards 7960 - 7980 levels. In a general scenario, we
would have pre-empted a breakout from the 8000 mark. But, of
late, this psychological level has earned immense respect from
the bulls. Thus, going by this recent development, we would
advise traders to keep a close eye on this hurdle. Aggressive
longs should be retained only if Nifty manages to surpass this
barrier on a sustainable basis. In case of a weakness around the
mentioned resistance levels, traders can opt to stay light on longs
and should wait for further development (shorting should be
strictly avoided). On the flipside, this hypothesis validates as long
as Nifty manages to hold yesterday’s low of 7849. Meanwhile, we
expect individual stocks to give decent moves and thus, traders
should focus on stock specific actions.
Key Levels
Support 1 - 7849
Resistance 1 - 7960
Support 2 - 7810
Resistance 2 - 7980
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (16924)
During yesterday's trading session, the Nifty Bank index rallied
higher and ended the session with gains of 1% over its previous
session's close.
The index continued its up move and is fast approaching our
mentioned resistance zone of 17020 - 17070. It needs to be seen
whether the index manages to cross and sustain above the
mentioned resistance zone, which could then lead to a
continuation of the trend. At current juncture, the broad market
participation is indicating positive signs and hence, short term
traders should keep a tab on the mentioned resistance. One
should not pre-empt any reversal and thus should refrain from
creating short positions on the index. The intraday support for the
index is placed around 16778 and 16650.
Key Levels
Support 1 - 16778
Resistance 1 - 17020
Support 2 - 16650
Resistance 2 - 17070
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Technical & Derivatives Report
May 13, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.44%
BankNifty futures open interest has increased by 7.06%
as market closed at 7900.40 levels.
The Nifty May future closed at a premium of 27.80
points against a premium of 17.00 points. The June
series closed at a premium of 38.60 points.
The Implied Volatility of at the money options has
decreased from 15.25% to 14.95%.
The total OI of the market is Rs. 2,26,527/- cr. and the
stock futures OI is Rs. 61,192/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, UNITECH, NHPC, NCC and
TITAN.
Views
OI Gainers
Yesterday, the FIIs were marginal buyers in equity cash
OI
PRICE
SCRIP
OI
PRICE
segment. While, they bought Index future worth Rs. 462
CHG. (%)
CHG. (%)
crores with rise in OI, indicating formation of long
ARVIND
5970400
27.06
302.60
2.06
positions.
EICHERMOT
216250
15.58
19753.10
-1.60
In Index Options front, FII’s activity remained subdued
INFRATEL
4321200
14.07
373.85
0.47
with marginal rise in OI. In call options, 8100 strike was
UBL
1432500
11.48
795.00
0.34
active and added fresh positions. Whereasginbrputng.com
IBREALEST
30312000
10.43
83.75
1.33
options, we witnessed huge build-up in 7900 strike
followed by 7800 and 7700 strikes; while, unwinding
OI Losers
was seen in 7600 put option. Maximum OI in current
OI
PRICE
series is visible at 8000 call and 7700 put options. As of
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
now, derivative data indicates a range bound move in
ORIENTBANK
15291000
-5.51
84.65
-0.47
upcoming sessions; wherein, the Nifty may move higher
POWERGRID
20012000
-5.08
144.10
1.59
towards 8000 - 8050 levels. On the downside, support
DABUR
5167000
-3.87
292.40
-0.39
is placed at 7670 - 7700 zone and any correction
DRREDDY
2112450
-3.59
2975.40
3.54
should be used as buying opportunity with proper exit
CEATLTD
1956500
-3.42
1028.05
1.11
strategy.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
IBULHSGFIN
40.43
NIFTY
0.97
0.96
ABIRLANUVO
42.88
BANKNIFTY
1.08
0.77
BOSCHLTD
39.46
RELIANCE
0.39
0.30
DRREDDY
33.64
ICICIBANK
0.52
0.47
BRITANNIA
27.29
SBIN
0.54
0.47
Strategy Date
Symbol
Strategy
Status
02-05-2016
NIFTY
Long Strangle
Active
09-05-2016
RELIANCE
Long Put
Active
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Technical & Derivatives Report
May 13, 2016
FII Statistics for 12-May 2016
Turnover on 12-May 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1569.02
1148.94
420.08
239793
13908.79
2.92
302577
16920.65
-23.53
FUTURES
FUTURES
INDEX
INDEX
26834.46
26793.04
41.42
1153551
67686.81
2.31
3012714
176102.92
-21.23
OPTIONS
OPTIONS
STOCK
4023.15
3683.41
339.73
1017062
49330.91
0.67
STOCK
FUTURES
522740
26093.57
-11.80
FUTURES
STOCK
STOCK
2280.03
2245.38
34.65
74790
3695.26
3.99
OPTIONS
314982
15797.61
-5.55
OPTIONS
TOTAL
34706.66
33870.77
835.89
2485196
134621.77
1.74
TOTAL
4153013
234914.76
-19.55
Nifty Spot = 7900.40
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7900
104.55
Buy
7900
79.75
46.70
53.30
7946.70
33.55
66.45
7866.45
Sell
8000
57.85
Sell
7800
46.20
Buy
7900
104.55
Buy
7900
79.75
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76.10
123.90
7976.10
53.55
146.45
7846.45
Sell
8100
28.45
Sell
7700
26.20
Buy
8000
57.85
Buy
7800
46.20
29.40
70.60
8029.40
20.00
80.00
7780.00
Sell
8100
28.45
Sell
7700
26.20
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
May 13, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,446
1,454
1,465
1,473
1,483
ADANIPORTS
191
193
195
197
200
AMBUJACEM
217
219
221
223
224
ASIANPAINT
910
919
927
936
943
AUROPHARMA
783
792
807
816
830
AXISBANK
480
486
497
503
513
BAJAJ-AUTO
2,494
2,522
2,540
2,567
2,585
BANKBARODA
153
155
158
160
163
BHEL
123
124
126
127
129
BPCL
909
918
926
934
942
BHARTIARTL
353
357
360
365
368
INFRATEL
366
369
372
375
379
BOSCH
19,550
20,238
20,634
21,321
21,717
CIPLA
530
533
538
541
546
COALINDIA
281
282
284
285
286
DRREDDY
2,791
2,881
2,935
3,025
3,078
EICHERMOT
19,356
19,555
19,899
20,098
20,442
GAIL
380
384
389
393
399
GRASIM
4,190
4,224
4,255
4,289
4,320
HCLTECH
705
710
714
719
724
HDFCBANK
1,125
1,137
1,145
1,157
1,164
HDFC
1,177
1,186
1,199
1,209
1,222
HEROMOTOCO
2,929
2,940
2,958
2,969
2,988
HINDALCO
91
92
93
94
95
HINDUNILVR
842
848
855
860
867
ICICIBANK
226
229
231
234
236
IDEA
110
111
112
113
114
INDUSINDBK
1,036
1,051
1,061
1,076
1,086
INFY
1,190
1,200
1,207
1,216
1,223
ITC
312
315
318
321
324
KOTAKBANK
708
717
731
740
753
LT
1,294
1,305
1,322
1,334
1,351
LUPIN
1,584
1,600
1,612
1,628
1,640
M&M
1,311
1,323
1,343
1,355
1,375
MARUTI
3,800
3,827
3,869
3,896
3,937
NTPC
139
140
141
143
144
ONGC
203
205
207
208
210
POWERGRID
140
142
143
145
146
RELIANCE
968
981
987
1,000
1,007
SBIN
184
186
188
190
192
SUNPHARMA
791
797
801
808
812
TCS
2,503
2,535
2,552
2,584
2,602
TATAMTRDVR
272
275
277
280
282
TATAMOTORS
375
381
385
391
394
TATAPOWER
70
70
71
72
73
TATASTEEL
324
327
330
333
335
TECHM
466
474
479
487
492
ULTRACEMCO
3,183
3,205
3,219
3,242
3,255
WIPRO
533
538
540
545
548
YESBANK
940
948
958
965
975
ZEEL
438
443
447
452
456
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Technical & Derivatives Report
May 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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