Technical & Derivatives Report
February 17, 2016
Sensex (23192) / Nifty (7048)
Exhibit 1: Nifty Daily Chart
Yesterday’s session opened with a marginal upside gap owing to
strong global cues. However, this optimism was very short lived as
we witnessed a gradual decline in the first half followed by a
sharp correction in the latter half of the day. The Nifty eventually
ended the session with more than one and half a percent loss.
The Nifty clearly struggled to stay beyond the 7200 mark as weak
traders seemed to have booked their profits on long positions.
The Nifty has now precisely filled its gap area of the 7056.80 -
7034.90 created on Monday. Yesterday’s low coincides with the
50% retracement of the recent small up move from 6869 to
7204.65. Thus, in the forthcoming session, if Nifty manages to
stay beyond 7030 then we may witness an immediate bounce
towards 7120 - 7150 levels. On the flipside, in case of a slide
below this level, we may witness a continuation of this pull back
towards 7000 - 6980 levels. Traders are advised to be selective
in their trades as the intraday volatility has increased significantly
in last few days.
Key Levels
Support 1 - 7030
Resistance 1 - 7120
Support 2 - 7000
Resistance 2 -
7150
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (14166)
Post positive momentum seen in Monday's trading session, the
Nifty Bank index opened on a positive note. However, the
index corrected sharply then to reverse the previous day's
gains and ended the session with losses of 1.93 percent over
its previous close.
In our yesterday's report, we had mentioned that the
immediate support for the index is placed around 14175 and
14120 and a corrective move upto the mentioned support
range could see some buying interest coming in. The Nifty
Bank index has closed in the mentioned support range and
hence today's session could be important in determining the
near term trend. Post opening, if the indices manages to move
higher and holds the support in the index, then the index could
rally higher in near term to form another leg of pullback
upmove. However, failure to do so can lead to continued
negative momentum. Traders are thus advised to keep a tab
on today's trading session which would provide cues for short
term trading. The intraday support for the index placed
around 14110 and 13980 whereas resistances are seen
around 14290 and 14350.
Key Levels
Support 1 - 14110
Resistance 1 - 14290
Support 2 - 13980
Resistance 2 - 14350
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Technical & Derivatives Report
February 17, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 5.66%
BankNifty futures open interest has increased by 1.12%
as market closed at 7048.25 levels.
The Nifty February future closed at a premium of 5.85
points against a discount of 1.50 points. The March
series closed at a premium of 23.15 points.
The Implied Volatility of at the money options has
increased from 17.60% to 19.65%.
The total OI of the market is Rs. 2,35,101/- cr. and the
stock futures OI is Rs. 56,213/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, MARICO, ADANIPOWER,
IDFC and ADANIENT.
Views
FIIs continue selling in cash market segment to the tune
OI Gainers
of Rs. 964 crores. Despite yesterday’s correction FIIs
OI
PRICE
SCRIP
OI
PRICE
bought in Index Futures of Rs. 1030 crores with good
CHG. (%)
CHG. (%)
amount of rise in open interest indicating fresh long
M&MFIN
16742000
12.91
204.00
-1.51
formation in last trading session.
YESBANK
13339200
12.60
733.85
-2.45
In Index Options front, they sold significantly of Rs. 1693
CAIRN
12471000
11.81
125.35
0.00
crores with marginal change in OI. In call options, 7100
IOB
21308000
10.69
23.90
-1.39
and 7200 strikes added decent build-up which may be
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PAGEIND
62500
9.08
10749.85
-2.10
longs expecting Nifty to bounce back. While in put
options, we hardly saw any meaningful change in OI,
OI Losers
some unwinding was witness in 7100 strike. Maximum
OI
PRICE
SCRIP
OI
PRICE
build-up is visible in 7500 call and 7000 put options. In
CHG. (%)
CHG. (%)
this correction we noticed FIIs were continuously buying
WOCKPHARMA
2706000
-12.30
793.40
4.59
in Index Futures. While in stock futures too in last two
NTPC
15972000
-9.78
127.75
2.20
trading session fresh buying was visible. Seeing the
NCC
8304000
-8.30
64.10
-0.39
above data, we believe one should buy on dips and
ACC
3433125
-7.52
1227.80
-2.31
expect Nifty to test 7200-7250 levels.
UCOBANK
13990000
-5.85
31.70
-4.98
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
AJANTPHARM
34.90
NIFTY
0.78
0.78
STAR
70.12
BANKNIFTY
0.70
0.71
ZEEL
48.09
SBIN
0.48
0.53
INFRATEL
58.96
ICICIBANK
0.46
0.42
OFSS
40.92
RELIANCE
0.43
0.48
Strategy Date
Symbol
Strategy
Status
February 01, 2016
BHEL
Bull Call Spread
Active
February 08, 2016
NIFTY
Short Strangle
Active
February 15, 2016
AXISBANK
Bull Call Spread
Active
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Technical & Derivatives Report
February 17, 2016
FII Statistics for 16-February 2016
Turnover on 16-February 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2845.92
1815.82
1030.10
276454
14006.30
7.04
376216
18742.06
7.17
FUTURES
FUTURES
INDEX
INDEX
50844.90
52538.16
(1693.26)
1460395
75902.39
0.51
4982498
263788.45
23.25
OPTIONS
OPTIONS
STOCK
5125.76
4673.82
451.94
1170640
48907.18
(0.72)
STOCK
FUTURES
672264
27961.34
-4.13
FUTURES
STOCK
STOCK
3211.77
3318.75
(106.98)
80828
3323.78
6.21
OPTIONS
401397
17242.51
-8.43
OPTIONS
TOTAL
62028.35
62346.55
(318.20)
2988317
142139.65
0.74
TOTAL
6432377
327734.65
17.26
Nifty Spot = 7048.25
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7100
63.80
Buy
7000
70.30
34.35
65.65
7134.35
28.35
71.65
6971.65
Sell
7200
29.45
Sell
6900
41.95
Buy
7100
63.80
Buy
7000
70.30
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52.30
147.70
7152.30
45.15
154.85
6954.85
Sell
7300
11.50
Sell
6800
25.15
Buy
7200
29.45
Buy
6900
41.95
17.95
82.05
7217.95
16.80
83.20
6883.20
Sell
7300
11.50
Sell
6800
25.15
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Feb. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
February 17, 2016
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,194
1,211
1,242
1,259
1,290
ADANIPORTS
189
195
199
205
210
AMBUJACEM
188
191
195
198
202
ASIANPAINT
821
831
846
855
870
AXISBANK
394
400
411
417
429
BAJAJ-AUTO
2,302
2,316
2,342
2,356
2,383
BANKBARODA
123
127
134
138
145
BHARTIARTL
307
311
318
322
329
BHEL
97
100
105
108
113
BOSCHLTD
15,911
16,059
16,299
16,447
16,686
BPCL
704
727
756
779
807
CAIRN
121
123
127
129
132
CIPLA
502
513
531
542
560
COALINDIA
306
312
319
325
333
DRREDDY
2,796
2,826
2,875
2,904
2,953
GAIL
310
316
328
334
345
GRASIM
3,370
3,405
3,455
3,491
3,541
HCLTECH
809
816
827
835
846
HDFC
1,051
1,064
1,077
1,090
1,104
HDFCBANK
952
963
972
983
992
HEROMOTOCO
2,465
2,489
2,528
2,552
2,591
HINDALCO
62
63
66
67
70
HINDUNILVR
792
798
805
810
817
ICICIBANK
188
192
200
204
211
IDEA
100
102
107
110
115
INDUSINDBK
812
823
831
843
851
INFY
1,063
1,071
1,082
1,090
1,101
ITC
286
291
298
303
311
KOTAKBANK
607
614
622
629
637
LT
1,062
1,083
1,120
1,142
1,179
LUPIN
1,703
1,727
1,770
1,794
1,837
M&M
1,175
1,191
1,216
1,231
1,256
MARUTI
3,604
3,655
3,702
3,752
3,800
NTPC
121
124
128
131
135
ONGC
193
197
201
205
209
PNB
68
70
74
76
80
POWERGRID
136
138
139
141
142
RELIANCE
908
919
939
950
970
SBIN
146
151
161
166
176
VEDL
67
69
73
75
79
SUNPHARMA
798
813
835
850
872
TATAMOTORS
283
292
308
317
333
TATAPOWER
56
57
60
61
63
TATASTEEL
238
241
247
250
255
TCS
2,225
2,245
2,264
2,284
2,303
TECHM
410
416
426
433
443
ULTRACEMCO
2,744
2,766
2,802
2,824
2,861
WIPRO
517
522
526
531
535
YESBANK
713
723
741
752
770
ZEEL
345
354
369
378
394
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Technical & Derivatives Report
February 17, 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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