Technical & Derivatives Report
November 16, 2016
Sensex (26305) / Nifty (8108)
Exhibit 1: Nifty Daily Chart
Yesterday, the Nifty index opened lower and then continued with
its negative momentum throughout the session to end the day
with a loss of 2.26 percent.
Although the index has corrected sharply yesterday, the index is
currently trading in the vicinity of the support level seen around
8130. As we had highlighted yesterday, the volatility is expected
to remain higher and hence, traders are advised to remain light
on positions. We still believe that it's difficult for the index to sneak
below the 8000 mark as multiple technical evidences converge
around it and hence, is likely to act as a strong support in the
near term. For the coming session, 8080 - 8000 are seen as
immediate support levels whereas on the other hand, a possibility
of a bounce towards 8220 - 8300 cannot be ruled out. It's
advisable to avoid creating fresh shorts at current level, in fact,
one can take a contradictory buy call by placing a strict stop loss
below the 8000 mark.
Key Levels
Support 1 - 8080
Resistance 1 - 8220
Support 2 - 8000
Resistance 2 - 8300
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (19290)
Although the Nifty Bank index opened positive in yesterday’s
session and outperformed the benchmark Nifty index in initial
hour of trade. But, the banking index failed to sustain at higher
levels corrected shaply in line with the benchmark indices during
the session. Eventually, the index ended the session with loss of
2.27% over its previous session's close.
During last week, the Nifty Bank index gave breakout from a
falling trend line resistance of the recent corrective move.
However, in yesterday's session, the bulls were unable to hold the
breakout zone and hence, the significance of that trend line is
now negated. However, other technical parameters such as
‘Parabolic SAR’ and the ‘89EMA’ do not indicate any negative
trend. Thus, we continue with our positive bias on the index
advice to use dip as buying opportunity. The volatility is definitely
expected to remain higher in near term and hence traders should
trade with proper risk management. The intraday support is
placed in range of 19100-19000 whereas resistance is seen in
range of 19600 and 19800.
Key Levels
Support 1 - 19587
Resistance 1 - 19930
Support 2 - 19480
Resistance 2 - 20200
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Technical & Derivatives Report
November 16, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 12.34%
BankNifty futures open interest has increased by 14.03%
as market closed at 8108.45 levels.
The Nifty November future closed with a premium of
31.10 against the premium of 31.65 points in last
trading session. The December series closed at a
premium of 83.20 points.
The Implied Volatility of at the money options has
increased from 19.01% to 25.45%. At the same time, the
PCR-OI of Nifty has decreased from at 0.84 to 0.73
levels.
The total OI of the market is Rs. 2,86,489/- cr. and the
stock futures OI is Rs. 72,456/- cr.
Few of the liquid counters where we have seen high cost
of carry are IDFC, JINDALSTEL, NHPC, JPASSOCIAT and
TCS.
Views
OI Gainers
Yesterday, FIIs continue to sell in both in cash market
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
segment and in Index Futures. They sold equities of Rs.
INDUSINDBK
5138400
33.21
1097.85
-8.30
2354 crores. While, in index futures, they were net sellers
MARUTI
3192000
28.77
4866.20
-5.60
to the tune of Rs. 1356 crores with rise in open interest,
DCBBANK
3177000
26.98
101.65
-13.67
indicating good amount of fresh short formation in lastng.com
HINDALCO
37226000
14.81
168.50
-2.60
trading session.
ASIANPAINT
7269000
14.15
893.90
-7.48
On Index Options front, FIIs sold significantly of worth Rs.
KOTAKBANK
9181600
13.71
792.80
-3.19
2298 crores with some rise in OI. In call options, 8200-
ICICIBANK
64252500
13.21
270.60
-2.54
8700 strikes added huge positions and we believe these
BANKBARODA
41727000
12.89
174.90
8.40
are shorts positions formed by FIIs. On the other hand in
put options, we hardly saw any meaningful open interest
addition. However, good amount of unwinding was
OI Losers
visible in
8200-8400 put options. Maximum OI in
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
November series is placed at 8700 call and 8000 put
M&MFIN
10497500
-15.22
291.10
1.29
options.
MRF
30510
-12.74
50027.75
-4.70
Yesterday, Nifty plunged more than two percent with
PIDILITIND
2017000
-11.61
616.65
-6.88
good amount of rise in open interest. FIIs too actively
PCJEWELLER
838500
-11.13
355.30
-13.17
participated in this fall; they formed fresh shorts in Index
VEDL
41228500
-11.03
210.55
-7.98
Futures. While, in options front they continue to form
OIL
834700
-9.41
403.75
-0.77
short positions in call options. Looking at the FIIs data,
we believe traders should avoid buying in Index unless
SRF
419000
-9.31
1616.00
-4.42
we see any hints of reversal.
DISHTV
39088000
-8.95
90.95
4.12
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
INDUSINDBK
45.94
NIFTY
0.73
0.79
GRASIM
53.71
BANKNIFTY
0.69
0.76
DCBBANK
87.29
SBIN
0.56
0.62
PIDILITIND
42.73
ICICIBANK
0.45
0.55
AMARAJABAT
56.66
RELIANCE
0.44
0.48
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Technical & Derivatives Report
November 16, 2016
FII Statistics for November 15, 2016
Turnover on November 15, 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3460.19
4816.53
(1356.34)
199230
12816.80
10.78
405042
27042.54
3.71
FUTURES
FUTURES
INDEX
INDEX
78058.69
80356.35
(2297.67)
1257380
78814.16
1.89
5724194
386343.28
7.15
OPTIONS
OPTIONS
STOCK
10590.48
11603.15
(1012.67)
902100
54239.82
1.26
STOCK
FUTURES
738102
48800.80
0.71
FUTURES
STOCK
STOCK
10004.48
10165.63
(161.16)
125427
8049.92
9.03
OPTIONS
536629
38109.12
-10.23
OPTIONS
TOTAL
102113.83
106941.67
(4827.84)
2484137
153920.71
2.66
TOTAL
7403967
500295.75
4.76
Nifty Spot = 8108.45
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8200
93.80
Buy
8000
72.75
39.55
60.45
8239.55
24.20
75.80
7975.80
Sell
8300
54.25
Sell
7900
48.55
Buy
8200
93.80
Buy
8000
72.75
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65.15
134.85
8265.15
40.00
160.00
7960.00
Sell
8400
28.65
Sell
7800
32.75
Buy
8300
54.25
Buy
7900
48.55
25.60
74.40
8325.60
15.80
84.20
7884.20
Sell
8400
28.65
Sell
7800
32.75
Note: Above mentioned Bullish or Bearish Spreads in Nifty (November Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
November 16, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,262
1,298
1,365
1,402
1,468
ADANIPORTS
246
256
268
279
291
AMBUJACEM
194
201
215
222
235
ASIANPAINT
808
850
910
952
1,012
AUROPHARMA
689
712
751
774
813
AXISBANK
460
470
486
496
513
BAJAJ-AUTO
2,433
2,505
2,582
2,653
2,730
BANKBARODA
161
168
172
179
184
BHEL
129
131
135
137
141
BPCL
607
625
640
658
673
BHARTIARTL
290
296
301
307
311
INFRATEL
346
355
364
374
383
BOSCH
18,732
19,122
19,701
20,090
20,670
CIPLA
515
534
547
566
580
COALINDIA
301
307
318
324
335
DRREDDY
3,226
3,268
3,299
3,342
3,373
EICHERMOT
18,307
19,294
20,517
21,504
22,727
GAIL
408
422
434
448
461
GRASIM
755
787
844
876
932
HCLTECH
714
742
765
793
816
HDFCBANK
1,226
1,241
1,265
1,279
1,303
HDFC
1,171
1,199
1,228
1,256
1,285
HEROMOTOCO
2,800
2,846
2,914
2,960
3,027
HINDALCO
157
163
172
177
186
HINDUNILVR
773
789
800
816
826
ICICIBANK
258
264
272
278
287
IDEA
68
70
71
73
74
INDUSINDBK
1,004
1,049
1,124
1,169
1,244
INFY
893
908
924
939
955
ITC
229
233
240
244
251
KOTAKBANK
762
776
797
811
832
LT
1,336
1,353
1,380
1,397
1,425
LUPIN
1,408
1,424
1,445
1,462
1,483
M&M
1,133
1,186
1,222
1,274
1,311
MARUTI
4,611
4,729
4,924
5,042
5,237
NTPC
147
149
151
152
154
ONGC
260
268
277
285
294
POWERGRID
181
183
185
187
189
RELIANCE
968
977
988
997
1,009
SBIN
265
271
277
284
290
SUNPHARMA
657
670
688
700
718
TCS
2,005
2,063
2,110
2,169
2,216
TATAMTRDVR
278
288
304
314
330
TATAMOTORS
433
445
465
477
497
TATAPOWER
66
68
70
72
74
TATASTEEL
374
383
401
410
428
TECHM
422
426
432
436
442
ULTRACEMCO
3,169
3,267
3,441
3,538
3,712
WIPRO
434
441
446
453
458
YESBANK
1,103
1,130
1,174
1,201
1,245
ZEEL
425
439
465
479
504
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Technical & Derivatives Report
November 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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