Technical & Derivatives Report
May 16, 2016
Sensex (25490) / Nifty (7815)
Exhibit 1: Nifty Daily Chart
The first half of the week gone by was very much on our expected
lines. The Nifty did manage to rebound sharply after finding
support a tad above the mentioned support level of
7650.
However, due to a lot of negative news flow, the Nifty corrected a
bit after posting a weekly high of 7916.05.
On scrutinising this entire price development, we realise that the
Nifty is clearly lacking direction and is swaying on both sides
within a range. It seems that the bulls are now finding it
increasingly difficult to overcome the 8000 mark and thus it
wouldn’t be wise to pre-empt any move. On the downside, a
strong support stands at 7678, which coincides with multiple
technical evidences such as the ‘Downward Sloping Trend Line’
and the daily ’89 EMA’. Aggressive positions in either direction
should only be created once the Nifty manages to confirm a
breakout from the range of 8000 - 7650. Within this range,
7920 would be seen as an immediate resistance, whereas 7780
would act as an important support level for the index.
Key Levels
Support 1 - 7780
Resistance 1 - 7875
Support 2 - 7700
Resistance 2 - 7920
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (16717)
The Nifty Bank index opened marginally negative on Friday, and
continued the corrective move throughout the session to end the
day with loss of 1.22% over its previous sessions close.
During last week, the Nifty Bank index rallied higher till Thursday,
wherein the index almost reached its key resistance zone of
17020-17050. However, the bulls were not able to take index
beyond the resistance and as a result, the index corrected over
1% during last session of the week. The recent upmove in Nifty
Bank index have been mainly led by the Private sector
heavyweights and it seems that there could be some consolidation
or range bound activity in next few sessions. Thus, Traders should
remain light on positions and trade on stock specific moves. The
near term support for the index is placed around 16564 and
16518; whereas, resistances are seen around 16820 and 17020.
Key Levels
Support 1 - 16564
Resistance 1 - 16820
Support 2 - 16518
Resistance 2 - 17020
www.angelbroking.com
1
Technical & Derivatives Report
May 16, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 3.37%
BankNifty futures open interest has decreased by 2.67%
as market closed at 7814.90 levels.
The Nifty May future closed at a premium of 15.65
points against a premium of 27.80 points. The June
series closed at a premium of 28.00 points.
The Implied Volatility of at the money options has
increased from 14.95% to 15.02%.
The total OI of the market is Rs. 2,28,607/- cr. and the
stock futures OI is Rs. 60,400/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, IOC, ADANIPOWER, IDFC
and M&MFIN
Views
The FIIs were net buyers in equity cash segment worth
Rs. 1494 crores. But, the buying figure was mainly
OI Gainers
because of a block deal of 8.16 lakh shares in Eicher
OI
PRICE
SCRIP
OI
PRICE
Motors. While, they sold Index future worth Rs. 238
CHG. (%)
CHG. (%)
UCOBANK
12740000
25.52
33.45
-7.34
crores with fall in OI, indicating long unwinding.
RELINFRA
10020400
19.88
513.10
-5.19
In Index Options front, FIIs were seller to the tune of
EICHERMOT
256650
18.68
19056.30
-3.53
Rs. 414 crores with rise in OI. In call options, 8000 strike
UBL
1692000
18.12
763.80
-3.92
added huge fresh positions, followed by OI addition in
www.angelbroking.com
7800, 8200 and 7900 strikes. Whereas in put options,
SRF
746800
13.43
1266.20
-9.11
we witnessed unwinding in
7900
-
7700 strikes.
Maximum OI in current series is visible at 8000 call;
OI Losers
while, in put option, it shifted from 7700 to 7800 strike.
OI
PRICE
SCRIP
OI
PRICE
Since FIIs are not forming any fresh positions in Index
CHG. (%)
CHG. (%)
Future; and their activity remains subdued in Index
IBREALEST
25821000
-14.82
79.95
-4.54
options, we may see rangebound movement in Nifty.
ENGINERSIN
2173600
-9.44
178.75
-4.00
Hence, we advise traders to wait for further development
LICHSGFIN
8657000
-8.92
458.95
-2.38
on derivative data front to initiate fresh position in index
OIL
1053600
-8.35
329.80
0.93
futures. As of know, support remains intact at 7670 -
APOLLOTYRE
11331000
-7.88
159.95
0.44
7700 levels.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SRF
59.94
NIFTY
0.88
0.92
UCOBANK
56.83
BANKNIFTY
0.94
0.82
HAVELLS
39.66
ICICIBANK
0.46
0.48
EICHERMOT
33.08
RELIANCE
0.38
0.34
PFC
48.78
SBIN
0.49
0.62
Strategy Date
Symbol
Strategy
Status
02-05-2016
NIFTY
Long Strangle
Active
09-05-2016
RELIANCE
Long Put
Active
www.angelbroking.com
2
Technical & Derivatives Report
May 16, 2016
FII Statistics for 13-May 2016
Turnover on 13-May 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1766.38
2004.28
(237.90)
230659
13172.10
(3.81)
332757
18600.05
9.93
FUTURES
FUTURES
INDEX
INDEX
33168.43
33582.83
(414.40)
1189714
69005.69
3.13
3871345
225016.59
27.78
OPTIONS
OPTIONS
STOCK
5077.45
5401.50
(324.05)
1025884
49164.75
0.87
STOCK
FUTURES
594350
29263.65
12.15
FUTURES
STOCK
STOCK
2698.48
2782.06
(83.58)
77883
3793.43
4.14
OPTIONS
346627
17184.02
8.78
OPTIONS
TOTAL
42710.74
43770.67
(1059.93)
2524140
135135.97
1.57
TOTAL
5145079
290064.31
23.48
Nifty Spot = 7814.90
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7800
104.40
Buy
7800
74.90
47.20
52.80
7847.20
31.80
68.20
7768.20
Sell
7900
57.20
Sell
7700
43.10
Buy
7800
104.40
Buy
7800
74.90
www.angelbroking.com
76.50
123.50
7876.50
50.15
149.85
7749.85
Sell
8000
27.90
Sell
7600
24.75
Buy
7900
57.20
Buy
7700
43.10
29.30
70.70
7929.30
18.35
81.65
7681.65
Sell
8000
27.90
Sell
7600
24.75
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
www.angelbroking.com
3
Technical & Derivatives Report
May 16, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,432
1,444
1,454
1,466
1,476
ADANIPORTS
169
179
189
199
210
AMBUJACEM
214
216
219
220
223
ASIANPAINT
919
932
940
952
960
AUROPHARMA
763
773
791
802
819
AXISBANK
481
486
491
496
501
BAJAJ-AUTO
2,487
2,502
2,524
2,539
2,560
BANKBARODA
152
154
156
157
159
BHEL
120
122
124
125
127
BPCL
912
920
927
935
943
BHARTIARTL
348
351
357
360
366
INFRATEL
361
368
372
379
383
BOSCH
20,170
20,423
20,754
21,007
21,338
CIPLA
525
528
533
537
542
COALINDIA
276
279
281
284
286
DRREDDY
2,856
2,887
2,915
2,946
2,974
EICHERMOT
17,802
18,397
18,975
19,571
20,149
GAIL
369
374
381
386
393
GRASIM
4,126
4,189
4,226
4,289
4,326
HCLTECH
707
715
721
729
735
HDFCBANK
1,122
1,131
1,140
1,149
1,158
HDFC
1,131
1,149
1,176
1,193
1,220
HEROMOTOCO
2,863
2,888
2,918
2,943
2,973
HINDALCO
86
88
91
92
95
HINDUNILVR
805
818
836
849
867
ICICIBANK
220
223
227
230
234
IDEA
111
112
113
115
116
INDUSINDBK
1,049
1,057
1,063
1,071
1,077
INFY
1,185
1,196
1,203
1,214
1,221
ITC
312
316
319
322
325
KOTAKBANK
693
701
715
722
737
LT
1,259
1,273
1,294
1,308
1,329
LUPIN
1,565
1,577
1,597
1,609
1,629
M&M
1,286
1,299
1,315
1,329
1,345
MARUTI
3,801
3,824
3,851
3,873
3,901
NTPC
139
140
141
142
143
ONGC
200
202
204
206
208
POWERGRID
141
143
144
146
147
RELIANCE
966
972
981
987
997
SBIN
182
183
186
187
189
SUNPHARMA
785
790
798
803
810
TCS
2,477
2,500
2,533
2,556
2,589
TATAMTRDVR
271
274
278
280
284
TATAMOTORS
381
386
390
394
398
TATAPOWER
69
70
70
71
72
TATASTEEL
316
319
324
328
333
TECHM
473
476
480
483
487
ULTRACEMCO
3,082
3,117
3,170
3,205
3,258
WIPRO
534
537
540
543
545
YESBANK
935
943
952
960
969
ZEEL
435
442
448
455
461
www.angelbroking.com
4
Technical & Derivatives Report
May 16, 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