Technical & Derivatives Report
June 17, 2016
Sensex (26525) / Nifty (8141)
Exhibit 1: Nifty Daily Chart
Yesterday, we saw most of the Asian markets tumbling despite the
U.S. Fed kept the rates unchanged. This negativity from Asian
peers had a rub off effect on our market and as a result, we
witnessed a gap down opening followed by a severe correction in
the first half. However, due to modest recovery in the latter half,
the Nifty managed to halve its losses to close convincingly above
the 8100 mark.
Honestly speaking, yesterday's corrective move below 8140 -
8120 was quite unexpected for us. But still, we stuck to our view
and avoided going short on the market. As mentioned in our
previous reports, couples of technical tools like the '20 EMA' and
the 'Super Trend' indicator acted as a sheet anchor for our
markets. Going forward, we expect the index to shrug off
yesterday's pessimistic mood and once again move towards 8210
- 8250 levels. On the downside, 8070 remains to be a strong
support zone for our markets.
Key Levels
Support 1 - 8070
Resistance 1 - 8210
Support 2 - 8040
Resistance 2 - 8250
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (17671)
The index opened negatively citing global cues and remained
volatile during the session. Post a sharp sell off, the index
recovered some of the intraday losses and ended the session with
a loss of 1.38% over its previous day's close.
Post a sharp up move on Wednesday, the index corrected in
yesterday's session as it approached the resistance zone of
18000-18170. The PSU Bank index, on other hand, continued its
outperformance and ended the session with marginal gains of
0.55%. Hence, we continue to maintain our stance that short term
traders should focus on stock specific moves rather than trading
on index for a trended move. The intraday support for the index is
placed around 17527 and 17348; whereas resistances are seen
around 17840 and 17945.
Key Levels
Support 1 - 17765
Resistance 1 - 18000
Support 2 - 17610
Resistance 2 - 18175
www.angelbroking.com
1
Technical & Derivatives Report
June 17, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 6.77%
BankNifty futures open interest has decreased by 6.00%
as market closed at 8140.75 levels.
The Nifty June future closed with a premium of 18.00
points against a premium of 14.75 points in previous
session. The July series closed at a premium of 42.70
points.
The Implied Volatility of at the money options has
increased from 15.82% to 16.90%.
The total OI of the market is Rs. 2,50,041/- cr. and the
stock futures OI is Rs. 67,368/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, IOB, INDIACEM, IFCI and
RPOWER.
Views
For the third consecutive session, FIIs were net sellers in
OI Gainers
both cash market and Index Futures segment. They sold
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
equities to the worth Rs. 157 crores. While in Index
SYNDIBANK
14232000
19.84
71.65
4.98
Futures, they sold worth Rs.
440 crores with good
amount of decline in open interest, indicating long
IOB
7966000
15.89
26.50
1.15
unwinding in last trading session.
ALBK
13642000
14.01
58.30
7.27
On Index Options front, FIIs sold worth Rs. 1144 crores
INFRATEL
5915700
13.42
349.85
-4.67
with marginal rise in open interest. In call options, weng.com
INDIACEM
29782000
13.25
104.75
1.35
hardly saw any significant activity in any strike. While in
put options, good amount of unwinding was visible in
OI Losers
8000 - 8200 strikes. Maximum open interest in June
OI
PRICE
series is visible in 8300 call and 8000 put options.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Once again, FIIs unwounded some of their long positions
JETAIRWAYS
6110400
-7.05
560.35
-0.37
in index future. We reiterate our view that till the time we
INDUSINDBK
4479000
-6.47
1097.20
-2.28
don’t see any fresh formation in index by FIIs, Nifty may
CANBK
14699000
-6.14
194.90
2.26
continue to remain in the range of 8000 - 8300. Thus,
ICIL
420400
-5.46
909.15
-0.43
one should remain light on positions and wait for further
UPL
8126000
-4.77
570.15
-2.15
development on data front.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ALBK
55.44
NIFTY
1.09
0.92
INFRATEL
40.02
BANKNIFTY
0.95
0.82
M&MFIN
38.75
SBIN
0.96
0.60
MARUTI
30.22
RELIANCE
0.55
0.44
ANDHRABANK
44.52
SUNPHARMA
0.36
0.38
Strategy Date
Symbol
Strategy
Status
May 30, 2016
TCS
Ratio Bull Call Spread
Active
June 06, 2016
NIFTY
Long Call
Exited at Cost
June 13, 2016
ONGC
Ratio Bull Call Spread
Active
www.angelbroking.com
2
Technical & Derivatives Report
June 17, 2016
FII Statistics for 16-June 2016
Turnover on 16-June 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
2658.43
3097.82
(439.39)
225724
13554.39
(6.07)
402230
23377.40
42.38
FUTURES
FUTURES
INDEX
INDEX
34743.57
35887.85
(1144.29)
1121709
67801.70
1.18
5921265
337679.75
74.65
OPTIONS
OPTIONS
STOCK
4818.72
4930.91
(112.19)
1081504
53440.66
0.43
STOCK
FUTURES
598960
30522.24
15.03
FUTURES
STOCK
STOCK
3475.91
3435.48
40.43
107801
5560.19
3.33
OPTIONS
369450
19022.48
13.94
OPTIONS
TOTAL
45696.63
47352.06
(1655.43)
2536738
140356.94
0.26
TOTAL
7291905
410601.86
62.30
Nifty Spot = 8140.75
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8200
84.95
Buy
8100
84.05
39.45
60.55
8239.45
29.45
70.55
8070.55
Sell
8300
45.50
Sell
8000
54.60
Buy
8200
84.95
Buy
8100
84.05
www.angelbroking.com
63.75
136.25
8263.75
48.35
151.65
8051.65
Sell
8400
21.20
Sell
7900
35.70
Buy
8300
45.50
Buy
8000
54.60
24.30
75.70
8324.30
18.90
81.10
7981.10
Sell
8400
21.20
Sell
7900
35.70
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
3
Technical & Derivatives Report
June 17, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,514
1,527
1,549
1,563
1,585
ADANIPORTS
199
204
207
211
214
AMBUJACEM
230
232
236
238
241
ASIANPAINT
978
992
1,001
1,015
1,023
AUROPHARMA
713
725
736
748
758
AXISBANK
510
517
523
529
535
BAJAJ-AUTO
2,531
2,551
2,570
2,590
2,610
BANKBARODA
146
149
151
154
156
BHEL
118
120
121
123
124
BPCL
991
1,001
1,011
1,021
1,030
BHARTIARTL
336
341
347
352
357
INFRATEL
331
340
353
363
376
BOSCH
21,503
21,667
21,778
21,942
22,053
CIPLA
475
481
485
491
494
COALINDIA
304
306
308
310
312
DRREDDY
2,997
3,020
3,054
3,077
3,111
EICHERMOT
18,324
18,534
18,715
18,925
19,107
GAIL
372
377
380
386
389
GRASIM
4,244
4,267
4,293
4,316
4,342
HCLTECH
738
745
749
756
761
HDFCBANK
1,149
1,155
1,162
1,169
1,176
HDFC
1,173
1,187
1,196
1,210
1,220
HEROMOTOCO
2,982
2,998
3,029
3,046
3,077
HINDALCO
113
116
118
121
123
HINDUNILVR
851
865
873
886
894
ICICIBANK
235
237
240
243
246
IDEA
99
99
100
101
102
INDUSINDBK
1,069
1,085
1,102
1,117
1,134
INFY
1,162
1,174
1,182
1,194
1,201
ITC
347
350
355
359
363
KOTAKBANK
735
744
755
764
775
LT
1,461
1,476
1,492
1,507
1,523
LUPIN
1,441
1,452
1,463
1,474
1,485
M&M
1,324
1,334
1,349
1,359
1,374
MARUTI
4,000
4,040
4,102
4,142
4,204
NTPC
148
150
152
154
157
ONGC
209
210
212
213
214
POWERGRID
150
152
154
157
159
RELIANCE
959
967
975
984
992
SBIN
210
213
216
219
221
SUNPHARMA
736
744
750
757
764
TCS
2,498
2,528
2,546
2,577
2,595
TATAMTRDVR
299
302
305
308
311
TATAMOTORS
442
448
452
458
461
TATAPOWER
73
75
76
77
78
TATASTEEL
320
325
329
335
339
TECHM
522
527
535
540
548
ULTRACEMCO
3,209
3,248
3,301
3,340
3,393
WIPRO
538
544
547
553
557
YESBANK
1,039
1,050
1,058
1,069
1,078
ZEEL
442
447
452
457
463
www.angelbroking.com
4
Technical & Derivatives Report
June 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]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and MCX Stock Exchange Limited. It is also registered as a Depository Participant with CDSL and
Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a
registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number
INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing
/dealing in securities Market. Angel or its associates including its relatives/analyst do not hold any financial interest/beneficial
ownership of more than 1% in the company covered by Analyst. Angel or its associates/analyst has not received any compensation /
managed or co-managed public offering of securities of the company covered by Analyst during the past twelve months. Angel/analyst
has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market making activity
of the company covered by Analyst.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
Note: Please refer to the important ‘Stock Holding Disclosure' report on the Angel website (Research Section). Also, please refer to the
latest update on respective stocks for the disclosure status in respect of those stocks. Angel Broking Pvt. Limited and its affiliates may
have investment positions in the stocks recommended in this report.
www.angelbroking.com
5