Technical & Derivatives Report
December 13, 2016
Sensex (26515) / Nifty (8171)
Exhibit 1: Nifty Hourly Chart
Last week’s smart rally was followed by a weak opening mainly
on the back of mounting concerns over a sharp rise in Crude Oil
prices. The sentiments were also dampened by the disappointing
IIP data released on Friday post the market close. The selling
pressure aggravated across the broader market as the day
progressed and in the process, the Nifty slipped convincingly
below the 8200 mark.
Now, if we meticulously observe the hourly chart, the ‘Rising
wedge’ pattern is clearly visible. The Nifty has been vacillating
within this range since last few days and Friday’s high precisely
converged around the higher end of the pattern. Going ahead,
despite yesterday’s corrective move, we expect the index to find a
support around its lower end of 8145. Hence, we would still
continue with our optimistic view for the near term. The next
support after 8145 is seen at 8056, which is the higher low on
daily chart. On the upside, intraday resistances are placed at
8230 - 8276 levels. Traders are still advised to avoid shorting; in
fact, existing long positions can be retained with a strict stop loss
below 8056.
Key Levels
Support 1 - 8145
Resistance 1 - 8230
Support 2 - 8056
Resistance 2 - 8276
Nifty Bank Outlook - (18393)
Exhibit 2: Nifty Bank Daily Chart
In line with the negative global cues, the Nifty Bank index too
opened on a pessimist note yesterday and corrected during the
session to end the day with loss of 1.62 percent over Friday's
close.
In last few sessions, we have seen alternate bouts of buying and
selling in the Nifty Bank index. This indicates the buyers as well as
the sellers trying to control over the short term trend. Owing to
this, the index has traded in a broader range since last few
sessions. In short term, the Nifty Bank index can thus continue to
trade in a broad range and within this rangebound activity,
traders can focus more on stock-specific trading with proper risk
management. The intraday supports for the Nifty Bank index are
placed around 18251 and 18120 whereas resistances are seen
around 18525 and 18725.
Key Levels
Support 1 - 18251
Resistance 1 - 18525
Support 2 - 18120
Resistance 2 - 18725
www.angelbroking.com
1
Technical & Derivatives Report
December 13, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 3.19%
BankNifty futures open interest has increased by 0.37%
as market closed at 8170.80 levels.
The Nifty December future closed with a premium of
12.60 against the premium of 15.25 points in last
trading session. The January series closed at a premium
of 46.90 points.
The Implied Volatility of at the money options has
increased from 12.92% to 14.28%. At the same time, the
PCR-OI of Nifty has decreased from 1.10 to
1.070
levels.
The total OI of the market is Rs. 2,44,315/- cr. and the
stock futures OI is Rs. 68,755/- cr.
Few of the liquid counters where we have seen high cost
of carry are NHPC, JPASSOCIAT, RCOM, TV18BRDCST
and TATACOMM.
Views
OI Gainers
Yesterday, FIIs were marginal seller on both equity cash
OI
PRICE
SCRIP
OI
PRICE
and index futures segment. They sold equities worth Rs.
CHG. (%)
CHG. (%)
94 crores. While in index futures, they were net seller
PIDILITIND
1503000
20.82
610.15
-4.96
worth Rs. 61 crores with marginal fall in open interest,
CANBK
9918000
16.61
307.05
-3.14
indicating some long unwinding in previous trading
CROMPGREAV
24948000
11.71
60.95
-3.71
www.angelbroking.com
session.
SRF
512500
9.86
1520.30
-1.33
In Index options segment, FIIs were net seller worth Rs.
AMARAJABAT
586800
9.52
903.65
-2.98
210 crores with negligible change in open interest. In
INFRATEL
5564800
9.26
353.15
-1.79
call options, 8300 and 8200 strikes added some fresh
OIL
1395700
9.03
444.70
0.19
positions; followed by unwinding in 8600 and 8700
ONGC
20985000
8.98
311.65
1.61
strikes. While, in put options, except some build-up in
7600 strike, none of the strikes added meaningful
OI Losers
positions. However, decent covering was seen in 8300,
OI
PRICE
SCRIP
OI
PRICE
8100 and 7700 put options. Highest OI in current series
CHG. (%)
CHG. (%)
is placed at 8300 call and 8000 put option.
APOLLOTYRE
8253000
-8.42
194.20
-1.89
Yesterday, we witnessed some long liquidation in index
BEML
642700
-7.87
905.70
-2.79
future segment; but, most of the longs formed in last
TATASTEEL
22138000
-6.87
425.20
-1.61
week are still intact. At current juncture, Nifty has strong
TATAELXSI
1319500
-6.05
1484.65
3.69
support at 8100-8150 levels. Thus, traders should not
PETRONET
3289500
-5.76
380.05
-1.91
get carried away with the fall and use the declines to
ENGINERSIN
6562500
-5.73
312.30
1.31
form long positions. Long positions can be taken in 8300
MARUTI
2289150
-5.12
5150.60
-1.87
call option.
IGL
1274900
-4.77
858.50
-1.19
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
PIDILITIND
36.98
NIFTY
1.07
0.97
BPCL
34.05
BANKNIFTY
1.09
0.81
HINDPETRO
45.68
SBIN
0.60
0.50
BAJFINANCE
65.38
SUNPHARMA
0.49
0.40
AMBUJACEM
41.81
INFY
0.55
0.78
www.angelbroking.com
2
Technical & Derivatives Report
December 13, 2016
FII Statistics for December 12, 2016
Turnover on December 12, 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1090.96
1151.64
(60.67)
208204
13171.40
(1.41)
193554
12758.27
-0.71
FUTURES
FUTURES
INDEX
INDEX
25080.08
25289.72
(209.64)
1053096
65581.96
(0.49)
2530477
168919.93
10.97
OPTIONS
OPTIONS
STOCK
4643.86
5486.16
(842.30)
879980
53977.58
0.83
STOCK
FUTURES
379736
25856.49
-11.77
FUTURES
STOCK
STOCK
3015.75
2973.01
42.74
77532
5017.53
5.91
OPTIONS
246905
17263.92
-0.63
OPTIONS
TOTAL
33830.65
34900.53
(1069.88)
2218812
137748.47
0.16
TOTAL
3350672
224798.61
6.16
Nifty Spot = 8170.80
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8200
91.00
Buy
8100
74.20
43.30
56.70
8243.30
24.25
75.75
8075.75
Sell
8300
47.70
Sell
8000
49.95
Buy
8200
91.00
Buy
8100
74.20
www.angelbroking.com
69.45
130.55
8269.45
41.30
158.70
8058.70
Sell
8400
21.55
Sell
7900
32.90
Buy
8300
47.70
Buy
8000
49.95
26.15
73.85
8326.15
17.05
82.95
7982.95
Sell
8400
21.55
Sell
7900
32.90
Note: Above mentioned Bullish or Bearish Spreads in Nifty (December Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
3
Technical & Derivatives Report
December 13, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,320
1,333
1,354
1,367
1,389
ADANIPORTS
276
279
282
285
288
AMBUJACEM
203
206
210
213
218
ASIANPAINT
891
900
919
929
947
AUROPHARMA
705
710
717
722
729
AXISBANK
439
442
447
450
455
BAJAJ-AUTO
2,602
2,629
2,673
2,699
2,743
BANKBARODA
155
157
160
161
164
BHEL
125
126
127
129
130
BPCL
596
604
618
626
640
BHARTIARTL
325
327
329
331
332
INFRATEL
342
347
355
359
367
BOSCH
20,089
20,427
20,838
21,176
21,587
CIPLA
567
571
576
580
586
COALINDIA
302
303
307
308
312
DRREDDY
3,108
3,128
3,159
3,178
3,209
EICHERMOT
21,398
21,789
22,442
22,832
23,485
GAIL
420
425
428
432
435
GRASIM
835
849
865
878
894
HCLTECH
785
792
798
805
811
HDFCBANK
1,175
1,180
1,186
1,191
1,197
HDFC
1,242
1,253
1,266
1,277
1,289
HEROMOTOCO
3,158
3,185
3,225
3,252
3,292
HINDALCO
178
180
181
184
185
HINDUNILVR
821
827
836
842
852
ICICIBANK
261
263
266
267
270
IDEA
74
75
76
77
78
INDUSINDBK
1,067
1,076
1,092
1,102
1,118
INFY
958
967
975
985
993
ITC
230
231
233
234
236
KOTAKBANK
717
723
735
741
753
LT
1,347
1,356
1,365
1,375
1,384
LUPIN
1,483
1,493
1,509
1,519
1,535
M&M
1,141
1,153
1,174
1,187
1,208
MARUTI
5,056
5,100
5,164
5,208
5,272
NTPC
161
163
166
168
170
ONGC
307
309
312
314
317
POWERGRID
182
184
185
186
187
RELIANCE
1,009
1,018
1,030
1,039
1,051
SBIN
258
261
265
268
272
SUNPHARMA
664
670
676
682
688
TCS
2,142
2,175
2,196
2,230
2,251
TATAMTRDVR
289
293
299
303
308
TATAMOTORS
445
450
456
461
467
TATAPOWER
75
76
76
77
78
TATASTEEL
419
421
426
429
433
TECHM
463
466
470
473
477
ULTRACEMCO
3,359
3,410
3,493
3,545
3,628
WIPRO
449
451
454
456
458
YESBANK
1,168
1,180
1,199
1,211
1,230
ZEEL
439
446
457
463
475
www.angelbroking.com
4
Technical & Derivatives Report
December 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]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a
registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number
INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing
/dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed public
offering of securities of the company covered by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
www.angelbroking.com
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
www.angelbroking.com
5