Technical & Derivatives Report
August 16, 2016
Sensex (28152) / Nifty (8672)
Exhibit 1: Nifty Hourly Chart
On Friday, the Nifty opened with marginal gains and continued
to move higher throughout the session to end the day with gains
of 0.93 percent over its previous close.
The last one month’s price action on the Nifty’s daily charts
depicts the formation of a ’Megaphone’ pattern. The mentioned
pattern represents range bound trading with increased volatility
within a range. During the concluded week, the Nifty pulled back
after having tested the bottom of the 8540-8517 support range
which coincided with the ‘200 SMA’ on the hourly chart. Thus, the
lower end of this range now becomes a decisive level for the Nifty
in the near term and as long as it is not breached on the lower
side we expect the range bound action to continue with a positive
bias. On the weekly charts, the Nifty has formed a ‘Hanging Man’
pattern which is a reversal pattern. Traders with long positions
should now trail their stop loss below 8517 as the fall of this
support could lead to a short term corrective move on the index.
In the upcoming week, if the Nifty manages to continue with the
positive momentum, then it could reach the next resistance zone
of 8780 - 8830 (monthly ‘Super Trend’ resistance around 8830).
It would then be advisable for traders to start lightening up their
longs. Intraday support for Nifty is at 8640 - 8605 levels;
whereas, resistance is placed at 8735 - 8780.
Key Levels
Support 1 - 8640
Resistance 1 - 8735
Support 2 - 8605
Resistance 2 - 8780
Nifty Bank Outlook - (18964)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened with marginal gains on Friday and
started moving higher from initial trades. However, post the
quarterly results of PSU conglomerate SBI, the banking index
rallied sharply in the later half and eventually ended the session
with the gains of 1.73 percent over its previous close.
The Nifty Bank index outperformed the broader indices on Friday
and reached near its resistance zone of 19080 - 19230. The
banking index is moving in a sideways direction from last one
month and consolidation phase has resulted into the formation of
‘Flag’ pattern on daily chart. The mentioned pattern is bullish
continuation pattern and a follow-up buying above its breakout
level of 19080 could lead to continuation of upmove. Intraday
support for the index is placed at 18825 - 18695. Traders are
advised to trade with positive bias.
Key Levels
Support 1 - 18825
Resistance 1 - 19080
Support 2 - 18695
Resistance 2 - 19230
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1
Technical & Derivatives Report
August 16, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 2.03%
BankNifty futures open interest has increased by 7.99%
as market closed at 8672.15 levels.
The Nifty August future closed with a premium of 6.25
points against a premium of 20.30 points in previous
session. The September series closed at a premium of
55.80 points.
The Implied Volatility of at the money options has
decreased from 12.66% to 11.78%.
The total OI of the market is Rs. 2,71,346/- cr. and the
stock futures OI is Rs. 78,117/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, GMRINFRA, HEXAWARE,
L&TFH and IDFC.
Views
OI Gainers
FIIs continued their buying in cash market segment; they
OI
PRICE
bought equities to the tune of Rs. 1204 crores. While, in
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Index Futures they were net sellers of Rs. 174 crores with
GRASIM
1486500
19.87
4581.20
0.58
fall in OI, suggesting some profit booking in longs
SBIN
93942000
14.14
244.20
7.15
formed earlier.
ORIENTBANK
15672000
9.47
114.10
3.54
On Index Options front, FIIs bought worth Rs. 1026
PAGEIND
52750
9.44
14109.05
-1.08
crores with marginal change in OI. In call options, we
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YESBANK
9208500
8.79
1293.35
2.83
hardly witness any important build-up. Some unwinding
was visible in 8600-8800 call options. While in put
options,
8600 strikes added good amount of fresh
OI Losers
positions; followed by unwinding in 8400 strike. Higesh
OI
PRICE
SCRIP
OI
PRICE
Oi in current series is placed at 9000 call and 8500 put
CHG. (%)
CHG. (%)
options.
VOLTAS
4714000
-13.03
364.75
1.05
Nifty bounced from its support zone of 8500-8550, while
UNIONBANK
17468000
-11.87
129.50
4.18
FIIs continue to pour in liquidity in cash segment. Till the
AMBUJACEM
8822500
-10.70
264.55
1.28
time, we don’t see any significant sign of reversal on
VEDL
36462000
-6.61
166.60
2.62
derivative data front; we maintain our bullish stance on
DABUR
6172500
-5.84
296.25
0.44
the index.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ABIRLANUVO
103.35
NIFTY
1.03
1.15
SBIN
43.73
BANKNIFTY
1.13
0.89
BANKINDIA
70.89
SBIN
0.94
0.70
LICHSGFIN
39.17
ICICIBANK
0.37
0.18
UBL
35.86
INFY
0.27
0.39
Strategy Date
Symbol
Strategy
Status
01-08-2016
RELIANCE
Ratio Bear Put Spread
Active
08-08-2016
SBIN
Bull Call Spread
Active
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2
Technical & Derivatives Report
August 16, 2016
FII Statistics for 12-August 2016
Turnover on 12-August 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1865.85
2039.51
(173.67)
334588
22146.60
(2.32)
228513
15680.56
9.70
FUTURES
FUTURES
INDEX
INDEX
41367.33
40341.49
1025.84
1027748
67553.78
(0.60)
3225920
219170.40
-42.80
OPTIONS
OPTIONS
STOCK
7635.97
7023.14
612.83
899265
58318.54
0.41
STOCK
FUTURES
705855
48500.00
20.95
FUTURES
STOCK
STOCK
7336.62
7385.24
(48.62)
93712
6215.62
5.22
OPTIONS
547202
38181.33
53.18
OPTIONS
TOTAL
58205.76
56789.38
1416.38
2355313
154234.55
(0.25)
TOTAL
4707490
321532.28
-30.48
Nifty Spot = 8672.15
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8700
66.70
Buy
8700
87.75
36.45
63.55
8736.45
40.20
59.80
8659.80
Sell
8800
30.25
Sell
8600
47.55
Buy
8700
66.70
Buy
8700
87.75
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54.80
145.20
8754.80
63.40
136.60
8636.60
Sell
8900
11.90
Sell
8500
24.35
Buy
8800
30.25
Buy
8600
47.55
18.35
81.65
8818.35
23.20
76.80
8576.80
Sell
8900
11.90
Sell
8500
24.35
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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3
Technical & Derivatives Report
August 16, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,607
1,630
1,645
1,668
1,683
ADANIPORTS
247
253
257
262
267
AMBUJACEM
258
261
263
267
269
ASIANPAINT
1,106
1,122
1,141
1,157
1,177
AUROPHARMA
733
740
750
757
766
AXISBANK
561
576
585
600
608
BAJAJ-AUTO
2,807
2,838
2,871
2,902
2,935
BANKBARODA
141
145
149
153
156
BHEL
136
137
138
139
141
BPCL
564
572
583
591
603
BHARTIARTL
342
345
347
350
352
INFRATEL
355
360
367
373
380
BOSCH
23,589
24,068
24,434
24,914
25,280
CIPLA
504
510
518
524
532
COALINDIA
334
336
338
340
342
DRREDDY
2,968
2,989
3,006
3,027
3,044
EICHERMOT
21,864
22,093
22,308
22,537
22,752
GAIL
368
371
374
377
381
GRASIM
3,984
4,273
4,444
4,733
4,905
HCLTECH
790
802
819
831
847
HDFCBANK
1,212
1,220
1,228
1,236
1,243
HDFC
1,342
1,362
1,373
1,393
1,404
HEROMOTOCO
3,260
3,286
3,325
3,351
3,390
HINDALCO
140
143
146
149
152
HINDUNILVR
915
925
936
946
957
ICICIBANK
239
242
245
249
251
IDEA
92
93
94
96
97
INDUSINDBK
1,153
1,163
1,172
1,182
1,190
INFY
1,048
1,055
1,067
1,074
1,086
ITC
248
251
253
256
258
KOTAKBANK
753
758
765
770
777
LT
1,465
1,478
1,492
1,506
1,519
LUPIN
1,557
1,565
1,580
1,588
1,603
M&M
1,398
1,424
1,451
1,477
1,504
MARUTI
4,802
4,850
4,895
4,943
4,988
NTPC
158
159
160
161
162
ONGC
228
231
233
235
237
POWERGRID
172
175
177
180
182
RELIANCE
1,006
1,021
1,032
1,047
1,058
SBIN
215
229
239
253
262
SUNPHARMA
770
785
806
821
841
TCS
2,686
2,712
2,728
2,755
2,771
TATAMTRDVR
327
332
335
339
342
TATAMOTORS
501
509
514
522
528
TATAPOWER
72
74
75
76
78
TATASTEEL
365
370
374
379
383
TECHM
478
484
494
499
509
ULTRACEMCO
3,610
3,663
3,714
3,767
3,818
WIPRO
535
539
544
548
553
YESBANK
1,238
1,265
1,279
1,306
1,320
ZEEL
494
500
504
510
513
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Technical & Derivatives Report
August 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]
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