Technical & Derivatives Report
December 18, 2015
Sensex (25804) / Nifty (7844)
Exhibit 1: Nifty Daily Chart
Yesterday, our markets opened higher on the back of a strong
overnight rally in US bourses post the Fed rate hike. Subsequently,
index corrected a bit after testing the 7800 mark and remained
subdued throughout the first half. However, we observed a good
traction right from the beginning of the second half, which
pushed the index way beyond morning’s high to close tad below
the 7850 mark.
Technically speaking, we were observing a strong resistance zone
around
7800
-
7825. This hurdle has now been crossed
decisively; leading to further bounce towards the recent swing
high of
7979.30. In addition, the daily ‘RSI-Smoothened’
momentum oscillator seems positively poised after making a
double bottom in RSI values. This certainly augurs well for the
bulls. Traders holding existing long positions in index should now
shift their stop losses higher towards yesterday’s low of 7737.
Yesterday, lots of individual stocks were giving good moves and
we expect it to continue in the forthcoming session as well.
Key Levels
Support 1 - 7800
Resistance 1 - 7900
Support 2 - 7737
Resistance 2 - 7979
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (16742)
The Bank Nifty opened with gains of around 125 points in
yesterday’s session and started correcting in the initial trades. The
index remained under pressure during the first half of the session.
However, the index picked up a strong momentum in the second
half by taking cues from the positive opening of the European
bourses. Eventually, the Bank Nifty ended the session with gains
of 0.98 percent over its previous close.
Currently, the Bank Nifty is hovering around the neckline of the
‘Inverse Head & Shoulder’ pattern formed in the hourly chart and
a sustainable move above yesterday’s high of 16772 may result
into an extending rally the 17000 mark. Going forward, the
immediate support for the index is placed at 16540 and 16450
levels.
Key Levels
Support 1 - 16540
Resistance 1 - 16772
Support 2 - 16450
Resistance 2 - 17000
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Technical & Derivatives Report
December 18, 2015
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.32%
BankNifty futures open interest has decreased by 4.05%
as market closed at 7844.35 levels.
The Nifty December future closed at a premium of 12.05
points against a premium of 7.30 points. The January
series closed at a premium of 42.20 points.
The Implied Volatility of at the money options has
decreased from 15.85% to 12.38%.
The total OI of the market is Rs. 2,41,127/- cr. and the
stock futures OI is Rs. 66,793/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, GMRINFRA, DISHTV, MRF and
IFCI.
Views
OI Gainers
OI
PRICE
Yesterday, FIIs were net buyer in Equity Cash segment to
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
the tune of Rs 638 crores. While, in Index Futures, they
MARICO
3764800
74.77
440.80
1.88
sold worth Rs 526 crores with fall in open interest,
BEML
578000
32.72
1221.15
8.61
indicating long unwinding in last trading session.
ARVIND
5438300
17.31
322.65
4.96
In Index Options front, FIIs bought worth Rs. 555 crores
TV18BRDCST
47243000
15.60
42.25
8.06
with fall in OI. We witnessed good amount of unwinding
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TATASTEEL
33588000
8.22
256.85
4.69
in 7700 to 7900 Call options; while in Put options, heavy
unwinding was seen in 7400 and 7500 put options.
OI Losers
Maximum OI in Nifty still remains in 8000 call and 7500
OI
PRICE
put options.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Seeing the above data, Nifty may continue to move in a
NMDC
19220000
-5.71
91.95
5.69
broader range of 7500 to 8000 levels. Traders may take
DABUR
2738000
-4.60
275.75
2.11
long positions on declines as market may again show
PFC
14162000
-4.52
207.90
3.59
some strength after a minor correction.
GODREJIND
2132000
-3.19
370.80
1.99
ADANIENT
13926000
-2.64
80.40
3.01
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
DHFL
38.28
NIFTY
0.82
0.93
TATAPOWER
29.59
BANKNIFTY
0.95
0.77
NMDC
38.76
SBIN
0.46
0.45
SAIL
47.63
RELIANCE
1.06
0.86
SRF
36.58
LT
0.51
0.33
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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2
Technical & Derivatives Report
December 18, 2015
FII Statistics for 17-December 2015
Turnover on 17-December 2015
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1519.33
2045.17
(525.84)
250710
14278.19
(6.38)
321371
17799.27
29.86
FUTURES
FUTURES
INDEX
INDEX
25787.81
25233.12
554.69
1329177
77439.52
(4.64)
4001117
230570.03
46.70
OPTIONS
OPTIONS
STOCK
3056.56
3031.26
25.31
1047140
51883.38
0.96
STOCK
FUTURES
510143
25618.47
13.07
FUTURES
STOCK
STOCK
2236.60
2319.37
(82.77)
79011
3885.54
4.17
OPTIONS
312511
15928.29
18.48
OPTIONS
TOTAL
32600.31
32628.91
(28.60)
2706038
147486.62
(2.48)
TOTAL
5145142
289916.06
40.07
Nifty Spot = 7844.35
Lot Size = 25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7900
57.60
Buy
7800
55.10
32.20
67.80
7932.20
26.50
73.50
7773.50
Sell
8000
25.40
Sell
7700
28.60
Buy
7900
57.60
Buy
7800
55.10
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47.10
152.90
7947.10
39.60
160.40
7760.40
Sell
8100
10.50
Sell
7600
15.50
Buy
8000
25.40
Buy
7700
28.60
14.90
85.10
8014.90
13.10
86.90
7686.90
Sell
8100
10.50
Sell
7600
15.50
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 18, 2015
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,342
1,349
1,357
1,364
1,372
ADANIPORTS
250
253
255
259
261
AMBUJACEM
192
195
197
200
202
ASIANPAINT
858
867
873
882
887
AXISBANK
425
430
437
442
449
BAJAJ-AUTO
2,423
2,477
2,509
2,563
2,596
BANKBARODA
156
158
161
163
165
BHARTIARTL
318
320
322
324
327
BHEL
164
166
168
171
173
BOSCHLTD
17,727
18,034
18,507
18,814
19,287
BPCL
890
897
907
914
923
CAIRN
126
128
130
132
134
CIPLA
633
638
641
646
650
COALINDIA
311
314
316
319
321
DRREDDY
2,977
2,998
3,031
3,051
3,084
GAIL
334
339
346
351
358
GRASIM
3,686
3,711
3,731
3,756
3,776
HCLTECH
840
850
857
867
874
HDFC
1,197
1,219
1,231
1,253
1,266
HDFCBANK
1,057
1,069
1,076
1,088
1,095
HEROMOTOCO
2,574
2,614
2,641
2,681
2,708
HINDALCO
78
79
81
82
84
HINDUNILVR
831
848
857
873
882
ICICIBANK
248
250
253
256
258
IDEA
131
132
134
136
138
INDUSINDBK
921
935
943
957
966
INFY
1,080
1,093
1,102
1,115
1,123
ITC
314
317
320
323
325
KOTAKBANK
682
693
699
709
715
LT
1,274
1,285
1,292
1,303
1,311
LUPIN
1,771
1,797
1,822
1,847
1,872
M&M
1,174
1,211
1,232
1,269
1,291
MARUTI
4,535
4,601
4,640
4,706
4,745
NTPC
133
134
135
137
138
ONGC
217
221
224
227
230
PNB
120
121
123
124
125
POWERGRID
130
132
134
136
137
RELIANCE
964
987
1,001
1,024
1,038
SBIN
227
229
231
233
235
VEDL
83
85
86
88
90
SUNPHARMA
781
792
798
809
815
TATAMOTORS
371
377
382
388
393
TATAPOWER
61
63
64
66
67
TATASTEEL
242
249
254
261
266
TCS
2,374
2,407
2,426
2,459
2,478
TECHM
516
523
528
535
539
ULTRACEMCO
2,824
2,861
2,883
2,920
2,942
WIPRO
551
553
556
559
561
YESBANK
699
710
717
728
735
ZEEL
399
407
412
420
425
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Technical & Derivatives Report
December 18, 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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