Technical & Derivatives Report
December 16, 2015
Sensex (25320) / Nifty (7701)
Exhibit 1: Nifty Daily Chart
Yesterday, our markets opened higher citing positive global
cues. Subsequently, the Nifty consolidated a bit throughout the
first half with minor down ticks from morning high. However,
we witnessed a strong surge post the mid-session in most of
the heavyweight constituents, which pushed the index towards
the 7700 mark.
Yesterday’s up move was very much on our expected lines as
we had mentioned about few positive developments on
smaller degree charts. Our first target of 7700 was met during
the session and considering the ongoing momentum, a
possibility of extending this move towards 7750 - 7800
cannot be ruled out. Traders holding long positions should
now trail their stop loss higher at 7620 (tad below yesterday’s
low of 7625.10). We witnessed a lot of stock specific action
during yesterday’s session, which we expect to continue in
today’s session as well. Thus, traders can also focus on
individual stocks with a proper exit strategy.
Key Levels
Support 1 - 7650
Resistance 1 - 7750
Support 2 - 7620
Resistance 2 - 7800
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (16399)
Yesterday, the Bank Nifty opened on a flat note and started
correcting from initial trades. The fall got arrested around the
reversal zone of the Bullish Harmonic Pattern called ‘Bullish
Gartley’ on the daily chart and started rebounding. However,
the banking index failed to cross Monday’s high of 16440.85
and corrected in the concluding hour of the session.
Eventually, the Bank Nifty ended the session with negligible
gains of 0.29 percent over its previous close.
Unlike benchmark indices, the banking index failed to show
strength in last two trading sessions. Going forward, the Bank
Nifty should sustain above 16450 for extending this bounce
towards 16580 - 16700 levels. On the flipside, 16200 and
16050 levels will act as a strong support zone for the index.
Key Levels
Support 1 - 16200
Resistance 1 - 16580
Support 2 - 16050
Resistance 2 - 16700
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Technical & Derivatives Report
December 16, 2015
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.15%
BankNifty futures open interest has decreased by 0.41%
as market closed at 7700.90 levels.
The Nifty December future closed at a premium of 8.50
points against a premium of 17.95 points. The January
series closed at a premium of 42.80 points.
The Implied Volatility of at the money options has
decreased from 17.29% to 16.38%.
The total OI of the market is Rs. 2,37,047/- cr. and the
stock futures OI is Rs. 64,467/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, GODREJIND, UCOBANK,
GMRINFRA and SAIL.
Views
Yesterday, FIIs activity remained subdued in Cash
OI Gainers
segment. While in Index Futures, they were net sellers
OI
PRICE
SCRIP
OI
PRICE
worth Rs. 438 crores with decent fall in open interest,
CHG. (%)
CHG. (%)
TV18BRDCST
40137000
23.29
39.80
1.92
indicating unwinding of longs in last trading session.
HINDUNILVR
4039200
17.86
859.55
2.34
In Index Options front, FIIs sold of Rs. 1297 crores with
MARICO
1860300
11.88
431.85
0.38
marginal change in OI. If we see the overall Nifty options
ULTRACEMCO
1158000
9.08
2866.45
0.87
data, we will hardly see any meaningful OI addition.
Maximum OI in Nifty still remains in 8000 call and 7500ng.com
ENGINERSIN
1718200
8.02
222.30
2.75
put options.
We believe FIIs are more active in BankNifty options
OI Losers
segment these days. 16400-17000 call options added
OI
PRICE
SCRIP
OI
PRICE
good amount of build-up, while
15500 put also
CHG. (%)
CHG. (%)
HINDZINC
1894400
-10.03
145.80
2.75
remained quite active.
UPL
8777000
-4.62
419.65
3.35
Nifty has been under pressure from past few days but
M&M
3297200
-3.92
1292.40
0.12
surprisingly hardly any shorts were formed by FIIs in
these period. We believe 7500 is a major support and
BEML
466500
-3.32
1093.75
0.91
one should trade with a positive bias in Nifty.
PIDILITIND
734000
-3.04
539.80
0.90
Historical Volatility
Put-Call Ratio
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
0.84
0.77
TECHM
33.33
BANKNIFTY
0.93
0.75
TITAN
30.30
SBIN
0.44
0.46
TATAMTRDVR
41.20
LT
0.50
0.49
DABUR
28.04
RELIANCE
0.75
0.85
HINDUNILVR
26.26
Strategy Date
Symbol
Strategy
Status
November 30, 2015
LT
Long Put
Profit Booked on Dec 11, 2015
December 07, 2015
BANKNIFTY
Raito Bear Put Spread
Active
December 14, 2015
HINDALCO
Long Call
Active
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Technical & Derivatives Report
December 16, 2015
FII Statistics for 15-December 2015
Turnover on 15-December 2015
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1029.62
1467.50
(437.87)
278002
15512.55
(2.00)
222557
11985.30
-16.01
FUTURES
FUTURES
INDEX
INDEX
14263.79
15561.18
(1297.39)
1367643
78135.94
0.57
1963953
112073.08
-25.12
OPTIONS
OPTIONS
STOCK
2623.30
2620.40
2.90
1033575
50080.17
1.17
STOCK
FUTURES
369617
18217.39
-10.96
FUTURES
STOCK
STOCK
1674.81
1686.85
(12.04)
73527
3520.96
3.34
OPTIONS
202642
10231.88
-21.84
OPTIONS
TOTAL
19591.53
21335.93
(1744.41)
2752747
147249.62
0.60
TOTAL
2758769
152507.66
-22.78
Nifty Spot = 7700.90
Lot Size = 25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7700
110.65
Buy
7700
103.70
48.30
51.70
7748.30
34.30
65.70
7665.70
Sell
7800
62.35
Sell
7600
69.40
Buy
7700
110.65
Buy
7700
103.70
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79.15
120.85
7779.15
57.95
142.05
7642.05
Sell
7900
31.50
Sell
7500
45.75
Buy
7800
62.35
Buy
7600
69.40
30.85
69.15
7830.85
23.65
76.35
7576.35
Sell
7900
31.50
Sell
7500
45.75
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Dec. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
December 16, 2015
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,317
1,327
1,336
1,346
1,355
ADANIPORTS
247
250
254
256
260
AMBUJACEM
189
191
193
195
196
ASIANPAINT
861
870
875
884
889
AXISBANK
427
432
434
439
441
BAJAJ-AUTO
2,370
2,404
2,424
2,458
2,479
BANKBARODA
153
156
158
160
162
BHARTIARTL
303
306
308
311
313
BHEL
162
164
166
168
170
BOSCHLTD
17,847
18,344
18,622
19,119
19,397
BPCL
875
882
889
897
903
CAIRN
122
124
126
129
130
CIPLA
634
636
639
641
644
COALINDIA
309
312
315
318
321
DRREDDY
2,952
2,973
3,007
3,029
3,063
GAIL
334
337
341
344
347
GRASIM
3,587
3,636
3,667
3,716
3,747
HCLTECH
836
841
845
850
854
HDFC
1,170
1,188
1,199
1,217
1,228
HDFCBANK
1,039
1,049
1,056
1,066
1,073
HEROMOTOCO
2,481
2,524
2,552
2,595
2,623
HINDALCO
76
78
79
80
81
HINDUNILVR
830
844
853
868
877
ICICIBANK
241
244
246
249
251
IDEA
126
129
132
135
138
INDUSINDBK
898
908
916
926
934
INFY
1,052
1,065
1,072
1,085
1,092
ITC
316
319
322
325
328
KOTAKBANK
660
673
681
695
702
LT
1,255
1,269
1,279
1,293
1,303
LUPIN
1,722
1,757
1,778
1,813
1,833
M&M
1,264
1,277
1,291
1,303
1,317
MARUTI
4,535
4,577
4,606
4,648
4,677
NTPC
129
130
132
133
135
ONGC
211
215
217
220
222
PNB
119
120
123
124
126
POWERGRID
126
128
129
130
131
RELIANCE
945
960
969
985
993
SBIN
223
225
226
228
229
VEDL
81
83
84
85
86
SUNPHARMA
763
768
775
780
787
TATAMOTORS
360
370
375
385
391
TATAPOWER
61
61
62
62
62
TATASTEEL
238
241
244
247
250
TCS
2,353
2,364
2,375
2,386
2,397
TECHM
497
508
528
540
560
ULTRACEMCO
2,813
2,838
2,859
2,884
2,905
WIPRO
548
554
562
567
575
YESBANK
669
680
687
698
706
ZEEL
403
405
409
412
415
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Technical & Derivatives Report
December 16, 2015
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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