Technical & Derivatives Report
November 18, 2016
Sensex (26228) / Nifty (8080)
Exhibit 1: Nifty Daily Chart
Yesterday, our markets opened on a flat note and then remained
within a small range throughout the session. However, the
intraday bias was clearly on the negative side as we witnessed a
gradual decline to end the session below the 8100 mark for the
first time in recent past.
In our previous report, we had mentioned about the 'Bullish
Homing Pigeon' pattern; but, the implication of same has been
negated as the pattern didn't activated. We still do not want to get
carried away by the momentum and hence, we would avoid
going short on the index at this juncture. Going forward, 8050 -
8000 remains to be a strong support zone; whereas on the other
hand, a possibility of a bounce towards 8220 - 8300 remains
valid. Traders can use these dips to create a contradictory buy call
by placing a strict stop loss below the 8000 mark.
Key Levels
Support 1 - 8050
Resistance 1 - 8150
Support 2 - 8000
Resistance 2 - 8220
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (19088)
In yesterday's trading session, both the bulls and bears tried to
control the market proceedings, however, the Nifty Bank index
ended the session on a marginal negative note.
As we has also mentioned yesterday, the Nifty Bank index is
currently trading in the vicinity of multiple support zone of 19100
- 18900. Hence, there is higher probability of a pullback move in
the index in near term. We thus, continue to advise traders to
avoid shorts at current levels. Taking a contra view, traders can
create long positions for a pullback move with proper risk
management. The intraday support for the index is placed in
range of 19100 - 18900 whereas resistances are seen around
19340 and 19460.
Key Levels
Support 1 - 19000
Resistance 1 - 19340
Support 2 - 18900
Resistance 2 - 19460
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Technical & Derivatives Report
November 18, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.12%
BankNifty futures open interest has increased by 0.33%
as market closed at 8079.95 levels.
The Nifty November future closed with a premium of
8.40 against the premium of 6.95 points in last trading
session. The December series closed at a premium of
61.15 points.
The Implied Volatility of at the money options has
decreased from 22.54% to 17.78%. At the same time,
the PCR-OI of Nifty has decreased from at 0.76 to 0.74
levels.
The total OI of the market is Rs. 3,01,157/- cr. and the
stock futures OI is Rs. 72,142/- cr.
Few of the liquid counters where we have seen high cost
of carry are FEDERALBNK, DLF, BHEL, IFCI and
GMRINFRA.
Views
OI Gainers
Yet another session, when FIIs remained net seller in
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
equity cash segment. They sold equities worth Rs. 984
AMBUJACEM
19345000
18.30
194.65
-4.11
crores. While, in index futures, they were net buyer worth
ULTRACEMCO
1135800
15.85
3329.40
-1.08
Rs. 345 crores with rise in open interest, indicating long
TVSMOTOR
7380000
15.28
353.45
0.67
build-up in previous trading session. www.angelbroking.com
PCJEWELLER
1120500
11.33
341.05
4.89
In Index options segment, FII were net sellers to the tune
SRF
494000
10.64
1467.50
-3.88
of Rs. 142 crores with marginal rise in open interest. In
POWERGRID
19000000
8.77
193.45
2.65
call options, we witnessed fresh build-up in 8100-8300
ACC
1452000
7.84
1302.55
-2.72
strikes; followed by unwinding in 8800 strike. On the
DABUR
12040000
7.07
276.30
0.45
other hand, in put options, 7900 strike added some OI;
while, unwinding was seen in 8200 strike; followed by
unwinding in 8200 strike. Highest OI in current series
OI Losers
has shifted from 8700 to 8500 call option; while, it
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
remains intact in 8000 put option.
ENGINERSIN
5820500
-9.13
266.35
2.42
Despite the correction in yesterday’s session, FIIs were
DLF
37210000
-8.93
112.75
3.96
net buyer in Index Future segment, which is a positive
HAVELLS
4102000
-6.52
327.85
0.48
sign. However, their selling in cash segment continued.
IOC
21378000
-6.25
293.90
1.64
Rather than pre-empting any reversal in current scenario,
LICHSGFIN
8531600
-5.78
508.15
-0.75
traders should wait for follow-up action from FIIs desk. At
HINDZINC
8304000
-5.50
250.50
4.86
current juncture, 8000-7970 remains good support for
index. Traders are advised to focus more on stock
ARVIND
5368000
-5.33
345.00
2.77
specific moves with proper exit strategy.
DCBBANK
2826000
-4.99
106.35
3.10
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
VOLTAS
60.19
NIFTY
0.74
0.82
BHARTIARTL
34.10
BANKNIFTY
0.64
0.82
HINDZINC
53.93
SBIN
0.57
0.67
BEML
48.68
ICICIBANK
0.46
0.52
CONCOR
27.90
RELIANCE
0.43
0.43
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Technical & Derivatives Report
November 18, 2016
FII Statistics for November 17, 2016
Turnover on November 17, 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2599.93
2255.14
344.79
202974
13029.12
3.59
285959
19057.66
-7.90
FUTURES
FUTURES
INDEX
INDEX
65584.51
65726.49
(141.98)
1303047
81205.61
1.22
7602996
542582.51
49.05
OPTIONS
OPTIONS
STOCK
6807.07
6606.82
200.25
894645
53669.23
0.01
STOCK
FUTURES
496118
32525.99
-18.33
FUTURES
STOCK
STOCK
5645.15
5804.30
(159.15)
126175
8035.88
0.28
OPTIONS
390014
27028.07
-13.32
OPTIONS
TOTAL
80636.66
80392.75
243.91
2526841
155939.84
0.93
TOTAL
8775087
621194.23
36.31
Nifty Spot = 8079.95
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8100
76.05
Buy
8100
86.35
39.15
60.85
8139.15
36.90
63.10
8063.10
Sell
8200
36.90
Sell
8000
49.45
Buy
8100
76.05
Buy
8100
86.35
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61.05
138.95
8161.05
58.85
141.15
8041.15
Sell
8300
15.00
Sell
7900
27.50
Buy
8200
36.90
Buy
8000
49.45
21.90
78.10
8221.90
21.95
78.05
7978.05
Sell
8300
15.00
Sell
7900
27.50
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 18, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1 268
1 285
1 312
1 329
1 356
ADANIPORTS
258
261
265
269
273
AMBUJACEM
187
191
196
200
205
ASIANPAINT
897
908
928
938
958
AUROPHARMA
693
702
712
721
731
AXISBANK
464
469
477
482
490
BAJAJ-AUTO
2 436
2 493
2 579
2 636
2 722
BANKBARODA
169
172
176
179
183
BHEL
130
131
133
135
137
BPCL
611
623
633
646
656
BHARTIARTL
282
290
303
310
323
INFRATEL
346
352
361
368
376
BOSCH
18 574
18 795
19 188
19 409
19 802
CIPLA
530
538
544
551
557
COALINDIA
296
302
307
312
318
DRREDDY
3 127
3 167
3 196
3 236
3 265
EICHERMOT
20 296
20 666
21 033
21 403
21 770
GAIL
420
428
432
440
445
GRASIM
807
814
822
828
836
HCLTECH
744
752
764
772
784
HDFCBANK
1 211
1 221
1 235
1 244
1 259
HDFC
1 221
1 235
1 253
1 268
1 285
HEROMOTOCO
2 802
2 839
2 886
2 923
2 971
HINDALCO
159
164
167
171
175
HINDUNILVR
797
804
810
817
823
ICICIBANK
261
264
267
271
274
IDEA
68
69
70
71
72
INDUSINDBK
1 079
1 089
1 101
1 112
1 123
INFY
912
921
935
944
958
ITC
226
229
231
234
237
KOTAKBANK
759
768
775
784
791
LT
1 348
1 359
1 372
1 383
1 396
LUPIN
1 383
1 398
1 418
1 433
1 453
M&M
1 191
1 205
1 225
1 239
1 259
MARUTI
4 832
4 879
4 963
5 010
5 095
NTPC
148
150
151
153
155
ONGC
266
270
274
277
282
POWERGRID
179
186
191
198
203
RELIANCE
960
969
983
992
1 007
SBIN
272
275
278
281
285
SUNPHARMA
649
659
670
680
692
TCS
2 080
2 109
2 159
2 187
2 237
TATAMTRDVR
285
291
296
302
307
TATAMOTORS
453
463
470
479
486
TATAPOWER
68
69
71
72
73
TATASTEEL
381
387
393
399
404
TECHM
430
436
445
451
461
ULTRACEMCO
3 264
3 300
3 353
3 389
3 442
WIPRO
428
433
439
444
450
YESBANK
1 140
1 157
1 183
1 199
1 225
ZEEL
441
450
465
474
489
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Technical & Derivatives Report
November 18, 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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