Technical & Derivatives Report
July 15, 2016
Sensex (27942) / Nifty (8565)
Exhibit 1: Nifty Daily Chart
Yesterday, our markets opened on a flat note owing to mixed
global cues. However, after some initial consolidation, the Nifty
picked up a strong momentum which lasted till the closing trade
of the day. As a result, the Nifty added another half a percent to
the bull's kitty.
It was yet another great session for our market as the Nifty
managed to close well above the 8550 mark. We may not see
major change in the index as compared to previous session, but if
we see intraday movement in the broader market, it was quite
remarkable. As we have been repeatedly mentioning not to short
this market, in fact, use intraday dips to buy as the trend has
become much stronger. This strategy is really working well for us
and still, we maintain our positive stance on the market. The Nifty
is likely to head towards 8600 - 8655 levels; whereas, the
intraday support has now shifted higher to 8520 - 8480 levels.
Key Levels
Support 1 - 8520
Resistance 1 - 8600
Support 2 - 8480
Resistance 2 - 8655
Nifty Bank Outlook - (18864)
Exhibit 2: Nifty Bank Daily Chart
Yesterday, the Nifty Bank index opened on a flat note and started
moving higher. The banking index continued to move higher
throughout the session and ended near the high point of the day
with the gains of 1.31 percent over its previous close.
Once again, the Bulls had shown tremendous strength as
banking index didn’t breached its previous candle’s low on hourly
chart. The PSU banking space clearly outperformed the private
banks. Since, there is no sign of reversal seen on chart, the Nifty
Bank index may continue to move higher towards 19000 -
19100 levels and thus any intraday correction would be a buying
opportunity. On the downside, intraday support is placed at
18700 - 18580. Traders are advised to trade with positive bias.
Key Levels
Support 1 - 18700
Resistance 1 - 19000
Support 2 - 18580
Resistance 2 - 19100
www.angelbroking.com
1
Technical & Derivatives Report
July 15, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.63%
BankNifty futures open interest has increased by 7.82%
as market closed at 8565.00 levels.
The Nifty July future closed with a premium of 11.55
points against a premium of 0.55 points in previous
session. The August series closed at a premium of 48.20
points.
The Implied Volatility of at the money options has
increased from 13.21% to 14.32%.
The total OI of the market is Rs. 2,65,960/- cr. and the
stock futures OI is Rs. 69,848/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, ADANIPOWER, SOUTHBANK,
SUNTV and ADANIENT.
Views
OI Gainers
Yesterday, FIIs were net buyer in both equity cash and
OI
PRICE
Index Futures segment. They bought equities to the tune
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
of Rs. 870 crores. While, they bought Index Futures worth
CONCOR
688000
41.56
1452.65
1.42
Rs. 461 crores with rise in open interest, indicating
UNIONBANK
19244000
25.09
141.35
4.32
formation of long positions in last trading session.
KTKBANK
15636000
17.71
148.30
2.06
In Index Options segment, FIIs were buyer worth Rs. 779
crores with rise in open interest. In call options, we
TATACOMM
3341800
16.90
459.70
-2.44
www.angelbroking.com
witnessed some built-up in 8800 strike; followed by
IBULHSGFIN
6142400
13.93
699.80
-2.13
unwinding in 8500 and 8600 strikes. On the other hand,
8500 put option added decent amount of fresh positions,
OI Losers
followed by some built-up in 8450, 8600 and 8400
OI
PRICE
SCRIP
OI
PRICE
strikes. Highest OI in current series has shifted from
CHG. (%)
CHG. (%)
8600 to
8700 call option; while, in put option, it
AMARAJABAT
764400
-10.66
878.20
0.76
remained intact at 8400 strike.
WIPRO
5150000
-5.23
571.90
-0.52
Since, FIIs are continuously pouring liquidity in our
IBREALEST
40730000
-4.79
91.45
-0.22
market and there there is no sign of reversal from
VOLTAS
4454000
-4.13
327.25
0.61
derivative data; the Nifty may continue its upward move
MOTHERSUMI
8675000
-3.98
296.80
0.51
towards 8650-8700 levels.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BEML
42.84
NIFTY
1.08
1.07
CANBK
56.79
BANKNIFTY
2.08
0.92
TITAN
22.36
INFY
0.70
0.59
GRASIM
26.05
SBIN
0.90
0.55
SUNTV
44.30
TCS
0.85
0.78
Strategy Date
Symbol
Strategy
Status
04-07-2016
RCOM
Ratio Bull Call Spread
Active
11-07-2016
BANKNIFTY
Bull Call Spread
Didn’t trigger
www.angelbroking.com
2
Technical & Derivatives Report
July 15, 2016
FII Statistics for 14-July 2016
Turnover on 14-July 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1488.11
1027.10
461.01
294020
19292.97
3.16
171106
13393.08
15.78
FUTURES
FUTURES
INDEX
INDEX
23758.19
22979.25
778.93
930779
60330.49
0.86
2760011
301731.27
59.42
OPTIONS
OPTIONS
STOCK
4839.42
5304.22
(464.80)
821407
52741.60
0.99
STOCK
FUTURES
574790
35317.55
-9.35
FUTURES
STOCK
STOCK
4417.57
4552.27
(134.70)
89595
5922.57
9.34
OPTIONS
364390
26937.89
5.28
OPTIONS
TOTAL
34503.29
33862.85
640.44
2135801
138287.62
1.55
TOTAL
3870297
377379.79
42.20
Nifty Spot = 8565.00
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8600
78.15
Buy
8500
62.35
37.65
62.35
8637.65
25.10
74.90
8474.90
Sell
8700
40.50
Sell
8400
37.25
Buy
8600
78.15
Buy
8500
62.35
www.angelbroking.com
59.90
140.10
8659.90
40.25
159.75
8459.75
Sell
8800
18.25
Sell
8300
22.10
Buy
8700
40.50
Buy
8400
37.25
22.25
77.75
8722.25
15.15
84.85
8384.85
Sell
8800
18.25
Sell
8300
22.10
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
3
Technical & Derivatives Report
July 15, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,602
1,614
1,622
1,634
1,641
ADANIPORTS
211
214
217
220
224
AMBUJACEM
257
260
262
265
266
ASIANPAINT
1,001
1,009
1,017
1,026
1,034
AUROPHARMA
767
772
775
780
783
AXISBANK
550
555
559
563
567
BAJAJ-AUTO
2,627
2,646
2,660
2,679
2,693
BANKBARODA
155
160
163
167
171
BHEL
138
142
143
147
148
BPCL
542
548
552
558
562
BHARTIARTL
360
363
366
369
371
INFRATEL
347
350
352
355
357
BOSCH
22,876
23,153
23,326
23,603
23,776
CIPLA
502
507
512
517
521
COALINDIA
318
322
325
328
331
DRREDDY
3,540
3,561
3,582
3,604
3,624
EICHERMOT
19,372
19,445
19,522
19,595
19,672
GAIL
391
393
396
399
402
GRASIM
4,558
4,660
4,717
4,818
4,876
HCLTECH
716
722
726
732
736
HDFCBANK
1,188
1,194
1,198
1,204
1,208
HDFC
1,310
1,323
1,332
1,345
1,354
HEROMOTOCO
3,180
3,221
3,248
3,289
3,317
HINDALCO
132
134
136
138
139
HINDUNILVR
917
925
930
938
943
ICICIBANK
256
262
266
272
276
IDEA
105
106
107
109
110
INDUSINDBK
1,092
1,103
1,113
1,125
1,135
INFY
1,147
1,161
1,179
1,194
1,211
ITC
242
246
248
251
254
KOTAKBANK
770
775
780
785
789
LT
1,532
1,548
1,559
1,576
1,587
LUPIN
1,631
1,646
1,655
1,670
1,679
M&M
1,415
1,431
1,446
1,462
1,477
MARUTI
4,285
4,357
4,398
4,470
4,511
NTPC
156
157
158
160
161
ONGC
226
228
231
234
237
POWERGRID
160
163
164
166
168
RELIANCE
990
997
1,006
1,013
1,022
SBIN
223
228
230
235
237
SUNPHARMA
762
765
770
773
778
TCS
2,449
2,486
2,507
2,544
2,565
TATAMTRDVR
302
306
309
314
317
TATAMOTORS
474
480
485
491
495
TATAPOWER
71
71
72
72
73
TATASTEEL
350
355
358
363
366
TECHM
502
510
515
523
528
ULTRACEMCO
3,413
3,457
3,484
3,528
3,555
WIPRO
562
566
570
575
578
YESBANK
1,135
1,153
1,164
1,182
1,192
ZEEL
441
454
461
474
481
www.angelbroking.com
4
Technical & Derivatives Report
July 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]
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 MCX 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 including its relatives/analyst do not hold any financial interest/beneficial
ownership of more than 1% in the company covered by Analyst. 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. Angel/analyst
has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market making activity
of the company covered by Analyst.
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
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.
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.
Note: Please refer to the important ‘Stock Holding Disclosure' report on the Angel website (Research Section). Also, please refer to the
latest update on respective stocks for the disclosure status in respect of those stocks. Angel Broking Pvt. Limited and its affiliates may
have investment positions in the stocks recommended in this report.
www.angelbroking.com
5