Technical & Derivatives Report
January 15, 2016
Sensex (24773) / Nifty (7537)
Exhibit 1: Nifty Daily Chart
After a smart intraday recovery on Wednesday, our markets
once again surprised most of the traders by giving a gap
down opening of nearly a percent. However, once again, the
bulls showed tremendous resilience near lows and eventually
led to a very good recovery post the mid-session. However,
due to modest profit booking in the concluding hour led to a
close with marginal losses.
If we closely yesterday's price action, it can be seen that the
Nifty precisely tested our both mentioned levels, first the
support level of 7450 and then faced a resistance around
7620. Thus, going forward, we maintain our view that the
Nifty is likely to continue this down move as long as it
maintains its position below the resistance zone of 7600 -
7620. Only a sustainable move above this level may extend
this bounce towards 7650 - 7680 levels. On the flipside,
immediate support levels remains at 7490 - 7450.
Key Levels
Support 1 - 7490
Resistance 1 - 7620
Support 2 - 7450
Resistance 2 - 7650
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (15610)
Yesterday, the Nifty Bank index opened with a loss of more
than 250 points owing to negative cues from global bourses.
The selling pressure continued in the initial hour of the session
during which, the banking index breached its support level of
15500 with an ease. However, we witnessed a smart recovery
in few of the banking heavyweights and as a result, the Bank
Nifty gave a healthy bounce of 350 points from its intraday
low of 15453.40. Eventually, the Bank Nifty underperformed
the benchmark index by giving a close with a loss of 1.65
percent over its previous session. Due to yesterday’s
rollercoaster move, we are observing a formation of a ‘Doji’
pattern in the daily chart. The mentioned pattern indicates
indecisiveness amongst the participants. Going forward,
yesterday’s low of 15453 will act as an intraday support for
the Banking index and a sustainable move below this level
may drag the index lower to
15300. On the flipside,
immediate resistance for the index is placed at 15805 and
16000 levels.
Key Levels
Support 1 - 15453
Resistance 1 - 15805
Support 2 - 15300
Resistance 2 - 16000
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Technical & Derivatives Report
January 15, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.43%
BankNifty futures open interest has increased by 3.41%
as market closed at 7536.80 levels.
The Nifty January future closed at a premium of 3.75
points against a premium of 12.15 points. The February
series closed at a premium of 22.45 points.
The Implied Volatility of at the money options has
increased from 17.15% to 17.60 %.
The total OI of the market is Rs. 2,43,573/- cr. and the
stock futures OI is Rs. 64,768/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, ASIANPAINT, DISHTV,
JISLJALEQS and NCC.
OI Gainers
Views
OI
PRICE
In equity segment, FIIs were net sellers to the tune of Rs.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
1222 crores. In Index Futures, again they were net sellers
CAIRN
12780000
28.35
127.05
0.95
of worth Rs. 105 with decent rise in OI, which suggest
MINDTREE
434400
26.87
1515.00
1.21
blend of both long and short formations in last trading
ULTRACEMCO
1698400
16.46
2618.45
-2.16
session.
ASIANPAINT
5218800
15.37
894.50
2.55
In Index Options front, they bought of Rs. 378 crores with
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INFY
13991000
10.86
1135.35
4.59
rise in open interest. Yesterday we hardly saw fresh OI
build-up in call options. Decent unwinding was witness in
OI Losers
8000 call option. While in put options, 7300 strike
OI
PRICE
added some build-up. Maximum build-up in current
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
series is visible in 8000 call and 7500 put options. In this
PIDILITIND
709000
-11.15
557.25
1.42
correction, we are hardly witnessing any meaningful
DABUR
3742000
-7.33
260.20
0.97
short formation in Nifty. We don’t expect major downside
RELCAPITAL
13441500
-6.29
411.70
-1.20
from current levels, avoid forming shorts.
AJANTPHARM
834400
-5.61
1224.25
-0.64
UBL
792500
-5.54
875.80
0.10
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
KTKBANK
51.78
NIFTY
0.83
0.86
INFY
34.94
BANKNIFTY
0.77
0.70
IDBI
71.92
INFY
0.97
0.67
ABIRLANUVO
50.78
SBIN
0.34
0.36
AXISBANK
37.58
TCS
1.07
0.87
Strategy Date
Symbol
Strategy
Status
January 04, 2016
SBIN
Ratio Bear Put Spread
Active
January 11, 2016
TCS
Short Strangle
Active
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Technical & Derivatives Report
January 15, 2016
FII Statistics for 14-January 2015
Turnover on 14-January 2015
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1922.46
2027.43
(104.97)
290326
15775.13
1.81
414508
22066.69
-14.56
FUTURES
FUTURES
INDEX
INDEX
46860.84
46483.18
377.66
1325551
73689.07
1.76
4234132
236659.06
-20.25
OPTIONS
OPTIONS
STOCK
4664.61
4288.50
376.11
1093836
50774.31
1.97
STOCK
FUTURES
604412
29338.74
-18.90
FUTURES
STOCK
STOCK
4771.31
4841.22
(69.91)
84103
3971.17
7.86
OPTIONS
461261
23826.05
-11.25
OPTIONS
TOTAL
58219.22
57640.33
578.89
2793816
144209.69
2.02
TOTAL
5714313
311890.53
-19.12
Nifty Spot = 7536.80
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7600
74.80
Buy
7500
89.60
34.50
65.50
7634.50
32.20
67.80
7467.80
Sell
7700
40.30
Sell
7400
57.40
Buy
7600
74.80
Buy
7500
89.60
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55.15
144.85
7655.15
52.55
147.45
7447.45
Sell
7800
19.65
Sell
7300
37.05
Buy
7700
40.30
Buy
7400
57.40
20.65
79.35
7720.65
20.35
79.65
7379.65
Sell
7800
19.65
Sell
7300
37.05
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Jan. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 15, 2016
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,250
1,260
1,269
1,278
1,287
ADANIPORTS
220
224
228
232
237
AMBUJACEM
190
194
197
201
204
ASIANPAINT
833
861
879
907
925
AXISBANK
381
386
394
399
407
BAJAJ-AUTO
2,302
2,332
2,353
2,384
2,405
BANKBARODA
124
127
130
133
135
BHARTIARTL
296
302
307
314
319
BHEL
140
142
144
146
149
BOSCHLTD
17,400
17,725
17,958
18,283
18,516
BPCL
861
885
903
927
944
CAIRN
117
122
125
129
132
CIPLA
589
602
609
622
630
COALINDIA
306
312
317
323
328
DRREDDY
2,827
2,871
2,898
2,942
2,969
GAIL
348
353
359
364
370
GRASIM
3,451
3,475
3,499
3,524
3,548
HCLTECH
795
812
827
844
859
HDFC
1,138
1,149
1,158
1,168
1,178
HDFCBANK
1,031
1,040
1,049
1,058
1,067
HEROMOTOCO
2,387
2,412
2,443
2,468
2,499
HINDALCO
72
73
75
76
77
HINDUNILVR
809
818
828
837
847
ICICIBANK
228
232
236
240
244
IDEA
115
117
119
122
124
INDUSINDBK
903
910
920
927
937
INFY
1,013
1,073
1,114
1,174
1,215
ITC
310
313
316
320
323
KOTAKBANK
665
674
683
692
701
LT
1,088
1,112
1,133
1,156
1,178
LUPIN
1,604
1,661
1,693
1,750
1,782
M&M
1,133
1,161
1,180
1,208
1,228
MARUTI
4,174
4,211
4,250
4,287
4,326
NTPC
138
141
143
145
147
ONGC
213
218
222
227
231
PNB
93
95
97
99
101
POWERGRID
140
141
143
144
146
RELIANCE
1,037
1,049
1,065
1,077
1,093
SBIN
190
193
197
200
204
VEDL
75
77
80
82
85
SUNPHARMA
781
786
791
797
802
TATAMOTORS
341
348
354
360
366
TATAPOWER
62
64
65
66
67
TATASTEEL
227
233
238
244
249
TCS
2,227
2,253
2,276
2,302
2,325
TECHM
486
500
508
522
530
ULTRACEMCO
2,576
2,602
2,630
2,655
2,684
WIPRO
530
538
544
551
558
YESBANK
655
665
672
681
688
ZEEL
400
408
415
423
430
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Technical & Derivatives Report
January 15, 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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