Technical & Derivatives Report
September 16, 2016
Sensex (28413) / Nifty (8743)
Exhibit 1: Nifty Daily Chart
Yesterday too, we had a flat opening in our market as indicated
by the SGX Nifty. It was yet another day of consolidation; but, this
time with mildly positive bias as the index managed to show some
recovery in the latter part of the day.
During the first half of trade, the index made few attempts to
break the 8700 mark. However, the effort from bears seemed so
feeble and hence, we saw some late recovery towards 8750. With
reference to our earlier report, we had mentioned about a
probable bounce considering the extreme oversold position of
‘RSI-Smoothened’ on hourly chart. Now, we may see this bounce
getting extended towards 8770 - 8790 in the today's session. But,
we reiterate that traders shouldn’t participate aggressively in it.
We expect any attempt of a bounce back towards mentioned
levels to get sold into. On the downside, the immediate support
zone is seen at 8688 - 8642 levels.
Key Levels
Support 1 - 8688
Resistance 1 - 8770
Support 2 - 8642
Resistance 2 - 8790
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (19838)
It was a dull trading session yesterday, wherein the Nifty Bank
index traded in a narrow range and ended the session with
marginal loss of 0.36 percent over its previous session's close.
Post gap down opening on Monday, the index has consolidated
in a narrow range for last three trading sessions. The gap area
19861-20139 is now a major resistance for short term and
unless the index manages to cross the higher end of the gap,
there is higher probability of continuation of the corrective move.
Traders need to keenly watch the recent low of 19730 as breach
of the same could accelerate the correction. Traders should avoid
participating in minor bounce, if any. The intraday support for the
index are placed around 19730 and 19670 whereas resistances
are seen around 19990 and 20139.
Key Levels
Support 1 - 19730
Resistance 1 - 19990
Support 2 - 19670
Resistance 2 - 20139
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Technical & Derivatives Report
September 16, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.53%
BankNifty futures open interest has decreased by 1.71%
as market closed at 8742.55 levels.
The Nifty September future closed with a premium of
30.95 points against a premium of 41.95 points in
previous session. The October series closed at a
premium of 69.95 points.
The Implied Volatility of at the money options has
decreased from 13.93% to 13.24%. At the same time,
the PCR-OI of Nifty has decreased from 1.09 to 1.07.
The total OI of the market is Rs. 3,14,224/- cr. and the
stock futures OI is Rs. 84,211/- cr.
Few of the liquid counters where we have seen high cost
of carry are TV18BRDCST, HDFCBANK, PETRONET,
GRASIM and POWERGRID.
Views
OI Gainers
FIIs were net buyers in cash market segment; they bought
OI
PRICE
SCRIP
OI
PRICE
equities to the tune of Rs. 345 crores. While, they were
CHG. (%)
CHG. (%)
net sellers in index future of Rs. 592 crores with some fall
BEML
1271000
42.97
899.90
-12.58
in OI, indicating long unwinding in last trading session.
CENTURYTEX
7850700
13.20
860.95
-1.54
On Index Options front, FIIs sold of Rs. 329 crores with
APOLLOHOSP
748800
11.96
1285.25
-1.14
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rise in OI. Yesterday, both in call and put options, we
AMARAJABAT
686400
9.47
1043.60
3.93
hardly saw any meaningful OI addition. 8900 call and
TATASTEEL
27186000
8.34
367.80
-1.88
8700 put option were comparatively active and added
UPL
6525600
7.75
688.20
-1.69
some build-up. Highest OI in September series is placed
POWERGRID
20680000
7.64
175.80
-2.44
at 9000 call and of put option has shifted to 8500 strike.
JINDALSTEL
49329000
7.01
83.65
1.89
We witness FIIs booking profits and froming fresh shorts
in Index Futures from past few trading sessions. Seeing
OI Losers
the continous selling figure in Index Futures, we believe
OI
PRICE
SCRIP
OI
PRICE
Nifty may remain under pressure. Thus, traders should
CHG. (%)
CHG. (%)
square-off their longs and look for shorting near 8750-
DISHTV
29897000
-7.43
100.65
4.79
8800 levels.
IBREALEST
34490000
-6.73
88.35
4.00
Large cap counters that added long positions yesterday
RCOM
108270000
-6.58
50.00
-2.44
are BHEL, IDEA, ZEEL and BHARTIARTL. While, counters
JISLJALEQS
39762000
-5.94
98.65
4.23
like TATASTEEL, POWERGRID, AMBUJACEM and
NHPC
24300000
-5.76
26.55
-1.12
AXISBANK added short positions.
PCJEWELLER
726000
-5.65
495.65
-4.24
HDIL
30336000
-5.15
91.15
-0.16
ALBK
13430000
-4.75
82.45
-1.38
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BEML
69.75
NIFTY
1.07
1.01
TV18BRDCST
55.57
BANKNIFTY
0.87
0.87
BEL
19.24
RELIANCE
0.57
0.51
SUNTV
55.12
YESBANK
0.50
0.68
AMARAJABAT
42.32
SBIN
0.56
0.48
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2
Technical & Derivatives Report
September 16, 2016
FII Statistics for 15, September 2016
Turnover on 15, September 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1189.41
1781.39
(591.97)
459116
30800.62
(1.09)
185257
13260.29
-2.19
FUTURES
FUTURES
INDEX
INDEX
38858.68
39187.26
(328.58)
1256097
84577.51
1.36
5632827
428714.09
55.47
OPTIONS
OPTIONS
STOCK
5476.90
5994.62
(517.72)
911253
60530.78
(0.16)
STOCK
FUTURES
510812
36468.81
-10.72
FUTURES
STOCK
STOCK
4585.69
4653.63
(67.94)
114553
7900.19
2.45
OPTIONS
315037
22984.83
-11.98
OPTIONS
TOTAL
50110.69
51616.89
(1506.21)
2741019
183809.10
0.48
TOTAL
6643933
501428.02
40.74
Nifty Spot = 8742.55
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8800
74.85
Buy
8700
64.00
38.35
61.65
8838.35
25.35
74.65
8674.65
Sell
8900
36.50
Sell
8600
38.65
Buy
8800
74.85
Buy
8700
64.00
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59.35
140.65
8859.35
40.45
159.55
8659.55
Sell
9000
15.50
Sell
8500
23.55
Buy
8900
36.50
Buy
8600
38.65
21.00
79.00
8921.00
15.10
84.90
8584.90
Sell
9000
15.50
Sell
8500
23.55
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
September 16, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,578
1,595
1,609
1,626
1,640
ADANIPORTS
259
263
266
271
274
AMBUJACEM
254
257
261
264
268
ASIANPAINT
1,154
1,164
1,170
1,179
1,185
AUROPHARMA
764
773
787
796
810
AXISBANK
572
580
592
600
611
BAJAJ-AUTO
2,892
2,912
2,945
2,965
2,998
BANKBARODA
162
164
167
169
171
BHEL
143
147
149
153
155
BPCL
557
562
571
577
586
BHARTIARTL
313
318
322
326
330
INFRATEL
338
341
345
348
351
BOSCH
22,830
23,014
23,174
23,357
23,517
CIPLA
570
578
584
592
599
COALINDIA
319
321
324
327
329
DRREDDY
3,103
3,121
3,150
3,169
3,198
EICHERMOT
22,048
22,244
22,462
22,658
22,876
GAIL
379
382
388
391
397
GRASIM
4,654
4,691
4,734
4,772
4,815
HCLTECH
770
775
780
784
789
HDFCBANK
1,264
1,272
1,278
1,286
1,292
HDFC
1,382
1,396
1,404
1,418
1,426
HEROMOTOCO
3,463
3,493
3,534
3,564
3,605
HINDALCO
139
142
144
147
149
HINDUNILVR
899
906
914
921
928
ICICIBANK
265
268
271
273
276
IDEA
82
83
84
85
86
INDUSINDBK
1,165
1,173
1,184
1,192
1,203
INFY
1,030
1,036
1,041
1,048
1,053
ITC
250
253
255
258
261
KOTAKBANK
799
804
808
812
816
LT
1,448
1,459
1,468
1,479
1,488
LUPIN
1,519
1,533
1,544
1,558
1,570
M&M
1,381
1,394
1,408
1,421
1,436
MARUTI
5,310
5,381
5,421
5,492
5,532
NTPC
150
152
154
156
159
ONGC
243
246
248
251
253
POWERGRID
170
172
176
179
183
RELIANCE
1,038
1,051
1,061
1,074
1,084
SBIN
252
254
256
258
260
SUNPHARMA
777
781
787
792
797
TCS
2,303
2,315
2,329
2,340
2,354
TATAMTRDVR
345
349
357
362
369
TATAMOTORS
549
553
560
564
571
TATAPOWER
73
74
75
76
78
TATASTEEL
357
362
368
373
380
TECHM
454
458
465
470
476
ULTRACEMCO
3,853
3,891
3,923
3,961
3,993
WIPRO
472
475
478
481
483
YESBANK
1,189
1,205
1,223
1,239
1,256
ZEEL
504
517
526
540
549
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Technical & Derivatives Report
September 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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