Technical & Derivatives Report
December 14, 2016
Sensex (26698) / Nifty (8222)
Exhibit 1: Nifty Hourly Chart
Yesterday, our markets opened on a positive note despite mixed
global cues. Subsequently, we witnessed a decent price correction
in the initial hour to wipe off the entire early morning lead. This
was followed by some consolidation around the hourly ’89-EMA’
placed around 8180 for quite some time. However, due smart
rally towards the fag end, the Nifty managed to reclaim the 8200
mark on a closing basis.
In our previous report, we had mentioned about the ‘Rising
wedge’ pattern formed on hourly chart. As expected, the lower
end of the pattern (8155 - 8145) provided a decent support for
the index as we saw strong buying emerging at lower levels.
Yesterday’s late surge has now provided conviction to our
optimistic stance. Thus, going forward, we expect the Nifty to
move towards 8275 - 8320 levels. On the flipside, 8180 - 8154
would now be seen as intraday supports for the index. Traders
holding long positions are now advised to shift their stop losses
higher to 8150.
Key Levels
Support 1 - 8180
Resistance 1 - 8275
Support 2 - 8154
Resistance 2 - 8320
Nifty Bank Outlook - (18466)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded in a narrow range yesterday and
ended the session with marginal gains of 0.40 percent.
The Nifty Bank index continued with its range bound move
whereas some individual stocks showed positive momentum in
last hour of trade. In near term, the index is expected to trade in a
narrow range wherein stock specific positive momentum could
continue. Traders should thus focus on stock specific moves and
avoid creating short positions in the index. The intraday supports
for the Nifty Bank index are placed around 18250 and 18120
whereas resistances are seen around 18528 and 18725.
Key Levels
Support 1 - 18250
Resistance 1 - 18528
Support 2 - 18120
Resistance 2 - 18725
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Technical & Derivatives Report
December 14, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.84%
BankNifty futures open interest has decreased by 2.35%
as market closed at 8221.80 levels.
The Nifty December future closed with a premium of
5.65 against the premium of 12.60 points in last trading
session. The January series closed at a premium of
41.60 points.
The Implied Volatility of at the money options has
decreased from 14.28% to 14.08%. At the same time,
the PCR-OI of Nifty has increased from 1.07 to 1.09
levels.
The total OI of the market is Rs. 2,48,221/- cr. and the
stock futures OI is Rs. 69,240/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, NHPC, RCOM, IDFC and
TV18BRDCST.
Views
OI Gainers
Yesterday, FIIs were net seller in equity cash segment.
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
They sold equities worth Rs. 2181 crores. This selling
CANBK
11247000
13.40
305.15
-0.62
figure was mainly due to a block deal in Tata Motors.
TVSMOTOR
7294000
12.46
370.50
1.59
While in index futures, they were net buyer worth Rs. 236
BAJFINANCE
7511000
10.31
836.40
-1.25
crores with rise in open interest, indicating long build-upng.com
BHARATFIN
8154000
9.74
677.80
-2.30
in previous trading session.
NCC
14304000
8.96
83.45
2.33
In Index options segment, FIIs were net seller worth
TORNTPHARM
277600
8.61
1312.75
-2.89
Rs. 135 crores with negligible change in open interest. In
BHARATFORG
4437600
7.48
1001.40
3.21
option segment, we did not saw any meaningful activity
MRF
33300
7.14
52379.90
0.82
in yesterday’s session. In call options, 8400 strike added
some fresh positions; followed by unwinding in 8500
strike. While, in put options, 8000 - 8100 strikes added
OI Losers
some build-up. Highest OI in current series is placed at
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
8300 call and 8000 put option.
VEDL
49670000
-7.61
239.00
-2.31
Again, we witnessed some buying interest in index futures
TATAMOTORS
22162500
-6.11
470.10
3.31
segment from FIIs desk. Their long positions formed in
HINDALCO
37775500
-5.89
177.20
-2.64
last week are still intact. At current juncture, Nifty has
KTKBANK
17722125
-5.17
112.70
4.74
strong support at 8100-8150 levels. Thus, traders should
OIL
1337900
-4.14
443.95
-0.17
trade with positive bias and use the declines to form long
IBREALEST
34100000
-3.97
70.50
-2.89
positions. From last couple of days, we are advising
traders to go long in 8300 call option. We maintain our
TATAELXSI
1271500
-3.64
1489.45
0.32
bullish stance on index at current juncture too.
WIPRO
5775000
-3.57
464.80
2.06
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MINDTREE
41.03
NIFTY
1.09
0.87
TVSMOTOR
40.31
BANKNIFTY
1.10
0.88
WIPRO
23.72
SBIN
0.64
0.51
KTKBANK
51.08
SUNPHARMA
0.52
0.56
TECHM
39.33
INFY
0.58
0.63
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Technical & Derivatives Report
December 14, 2016
FII Statistics for December 13, 2016
Turnover on December 13, 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1171.94
936.25
235.68
213392
13538.52
2.49
165674
10953.59
-14.15
FUTURES
FUTURES
INDEX
INDEX
23327.17
23461.87
(134.70)
1055879
66185.69
0.26
2281096
154249.38
-8.68
OPTIONS
OPTIONS
STOCK
5066.42
5543.85
(477.43)
885431
54401.29
0.62
STOCK
FUTURES
388823
26072.74
0.84
FUTURES
STOCK
STOCK
2633.13
2709.39
(76.26)
80391
5238.69
3.69
OPTIONS
229253
16068.08
-6.93
OPTIONS
TOTAL
32198.67
32651.36
(452.69)
2235093
139364.19
0.73
TOTAL
3064846
207343.79
-7.76
Nifty Spot = 8221.80
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8200
110.90
Buy
8200
86.80
50.55
49.45
8250.55
30.20
69.80
8169.80
Sell
8300
60.35
Sell
8100
56.60
Buy
8200
110.90
Buy
8200
86.80
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83.20
116.80
8283.20
49.70
150.30
8150.30
Sell
8400
27.70
Sell
8000
37.10
Buy
8300
60.35
Buy
8100
56.60
32.65
67.35
8332.65
19.50
80.50
8080.50
Sell
8400
27.70
Sell
8000
37.10
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
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Technical & Derivatives Report
December 14, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,318
1,329
1,339
1,350
1,361
ADANIPORTS
275
281
284
289
293
AMBUJACEM
203
205
207
209
211
ASIANPAINT
886
896
906
916
926
AUROPHARMA
712
715
718
722
725
AXISBANK
438
445
450
458
462
BAJAJ-AUTO
2,629
2,644
2,655
2,670
2,681
BANKBARODA
155
158
159
162
164
BHEL
124
125
126
127
128
BPCL
602
615
623
637
645
BHARTIARTL
324
327
329
332
334
INFRATEL
348
352
355
358
361
BOSCH
20,241
20,579
20,789
21,127
21,338
CIPLA
566
573
577
583
588
COALINDIA
301
303
306
308
310
DRREDDY
3,128
3,148
3,164
3,183
3,199
EICHERMOT
21,811
22,072
22,279
22,541
22,748
GAIL
417
421
425
429
434
GRASIM
831
841
852
862
873
HCLTECH
786
793
799
806
811
HDFCBANK
1,173
1,180
1,185
1,192
1,197
HDFC
1,239
1,259
1,270
1,290
1,302
HEROMOTOCO
3,178
3,194
3,217
3,233
3,256
HINDALCO
171
174
178
181
186
HINDUNILVR
819
825
831
837
842
ICICIBANK
261
263
264
266
267
IDEA
75
76
77
78
78
INDUSINDBK
1,069
1,079
1,087
1,097
1,105
INFY
963
977
985
998
1,006
ITC
230
233
235
238
240
KOTAKBANK
715
723
731
739
746
LT
1,360
1,368
1,373
1,381
1,387
LUPIN
1,461
1,477
1,493
1,510
1,526
M&M
1,144
1,156
1,165
1,177
1,186
MARUTI
5,095
5,129
5,168
5,202
5,241
NTPC
161
163
165
167
169
ONGC
306
309
312
314
317
POWERGRID
181
183
185
187
189
RELIANCE
1,023
1,031
1,036
1,045
1,050
SBIN
260
263
265
268
270
SUNPHARMA
660
672
679
691
698
TCS
2,165
2,183
2,200
2,218
2,235
TATAMTRDVR
293
298
306
311
318
TATAMOTORS
449
460
473
484
497
TATAPOWER
76
77
77
78
79
TATASTEEL
411
416
423
428
434
TECHM
460
472
480
492
500
ULTRACEMCO
3,278
3,322
3,400
3,445
3,522
WIPRO
452
458
461
467
470
YESBANK
1,169
1,188
1,199
1,218
1,229
ZEEL
433
437
444
448
455
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Technical & Derivatives Report
December 14, 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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