Technical & Derivatives Report
August 19, 2016
Sensex (28123) / Nifty (8673)
Exhibit 1: Nifty Hourly Chart
Yesterday, our markets opened on a cheerful note citing
overnight positive cues from the global bourses. The momentum
accelerated in the initial hour to break the higher end of the
‘Diamond Pattern’ placed around 8660 - 8670. As a result, we
witnessed extended gains in the subsequent hour. However, the
Nifty immediately took a pause after posting a high of 8690.70
and then consolidated for the remaining part of the day.
During yesterday’s session, we saw a complete outperformance
from the banking conglomerates as compared to other
heavyweight sectors. Thus, the Nifty could not extend its early
morning lead to a great extent. Going forward, considering the
breakout from the ‘Diamond’ pattern in the hourly chart, we
expect the Nifty to continue this upward bias towards 8728 as
long as it manages to hold the 8640 mark. On the downside,
intraday support levels for today’s session are seen at 8640 -
8600. Traders are advised to continue with the stock centric
approach and trade with a proper exit strategy.
Key Levels
Support 1 - 8640
Resistance 1 - 8728
Support 2 - 8600
Resistance 2 - 8780
Nifty Bank Outlook - (19353)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened on a positive note yesterday and
during the initial hour itself gave breakout from the resistance end
of last one month's trading range. This led to continuation of the
uptrend and by the end of the session, the index closed with gains
of 1.64 percent over its previous day's close.
Yesterday's upmove was quite on our expected lines as the index
continued its broader uptrend post giving breakout from the
higher end of last one month's trading range. The index has
reached our given target range of 19320 - 19485 post breakout
of
19158 resistance. On monthly charts, the 'SuperTrend'
resistance is placed around 19485 which could act as resistance
in near term. However, since there are no signs of trend reversal
so far, traders are advised to trade with positive bias and follow
strict stop losses as the index is trading near the resistance zone.
The intraday support for the index are placed around 19158 and
19100; whereas resistance are seen aorund 19485 and 19755.
Key Levels
Support 1 - 19158
Resistance 1 - 19485
Support 2 - 19100
Resistance 2 - 19755
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1
Technical & Derivatives Report
August 19, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.52%
BankNifty futures open interest has increased by 13.92%
as market closed at 8673.25 levels.
The Nifty August future closed with a premium of 11.85
points against a premium of 7.35 points in previous
session. The September series closed at a premium of
61.40 points.
The Implied Volatility of at the money options has
decreased from 13.55% to 13.23%.
The total OI of the market is Rs. 2,97,374/- cr. and the
stock futures OI is Rs. 80,648/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, ADANIPOWER, UBL, IGL and
JSWENERGY.
Views
Yesterday, FIIs were marginal buyers in both equity cash
and index future segment. They bought equities worth
OI Gainers
Rs. 162 crores. While, in Index Futures they were net
OI
PRICE
SCRIP
OI
PRICE
buyers worth Rs. 45 crores with rise in OI, suggesting
CHG. (%)
CHG. (%)
OFSS
318600
23.78
3694.65
0.14
blend of both long and short formation in last trading
session.
STAR
1480000
23.44
1022.05
-3.43
On Index Options front, FIIs bought worth Rs. 1355
TORNTPHARM
226400
15.27
1569.05
4.12
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crores with rise in OI. In call options, we witnessed huge
HINDUNILVR
6130200
12.88
910.00
-0.58
short covering in 8600 and 8700 strikes. While in put
CASTROLIND
8533000
12.79
404.00
-2.18
options, 8600 strike was quite active and added good
amount of fresh positions. Highest OI in current series
OI Losers
has shifted from 8500 to 8600 put option; while in call
OI
PRICE
option it remains intact at 8800 strike.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
FIIs activity remained subdued in both index future and
RECLTD
24789000
-9.67
233.95
2.59
equity cash segment. But, the option data suggests that
JUSTDIAL
4910400
-6.05
464.90
-0.49
the support is shifting higher to 8550 - 8600 levels and
INDIACEM
23086000
-15.52
124.55
1.30
further covering by call writers may pull the index higher
BANKINDIA
28152000
-2.98
111.85
-0.13
to 8800-8850 levels. Thus, traders are advised to trade
with positive bias.
JUBLFOOD
1629500
7.81
1212.10
-2.29
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ULTRACEMCO
33.11
NIFTY
1.05
1.16
NTPC
24.33
BANKNIFTY
1.87
1.09
IRB
34.62
SBIN
0.92
0.79
INDUSINDBK
27.61
ICICIBANK
0.40
0.28
POWERGRID
32.92
INFY
0.30
0.40
Strategy Date
Symbol
Strategy
Status
01-08-2016
RELIANCE
Ratio Bear Put Spread
Active
08-08-2016
SBIN
Bull Call Spread
Active
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Technical & Derivatives Report
August 19, 2016
FII Statistics for 18-August 2016
Turnover on 18-August 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
2675.93
2630.85
45.08
359605
23987.56
3.68
255506
17850.69
19.06
FUTURES
FUTURES
INDEX
INDEX
51098.75
49743.37
1355.38
1091386
72001.66
3.27
5699372
410785.88
50.69
OPTIONS
OPTIONS
STOCK
6679.22
6483.13
196.09
909276
59703.64
0.71
STOCK
FUTURES
545262
37930.31
2.76
FUTURES
STOCK
STOCK
3400.82
3417.37
(16.55)
99653
6697.90
2.99
OPTIONS
313402
22277.78
-12.95
OPTIONS
TOTAL
63854.73
62274.72
1580.00
2459920
162390.76
2.36
TOTAL
6813542
488844.65
39.63
Nifty Spot = 8673.25
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8700
56.10
Buy
8600
32.55
35.80
64.20
8735.80
18.35
81.65
8581.65
Sell
8800
20.30
Sell
8500
14.20
Buy
8700
56.10
Buy
8600
32.55
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50.45
149.55
8750.45
26.30
173.70
8573.70
Sell
8900
5.65
Sell
8400
6.25
Buy
8800
20.30
Buy
8500
14.20
14.65
85.35
8814.65
7.95
92.05
8492.05
Sell
8900
5.65
Sell
8400
6.25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
August 19, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,668
1,680
1,690
1,703
1,712
ADANIPORTS
264
270
273
279
283
AMBUJACEM
267
270
272
275
277
ASIANPAINT
1,093
1,100
1,110
1,117
1,127
AUROPHARMA
735
745
753
763
772
AXISBANK
587
590
594
597
600
BAJAJ-AUTO
2,910
2,928
2,943
2,961
2,976
BANKBARODA
151
153
154
156
157
BHEL
137
139
140
142
143
BPCL
578
582
590
594
602
BHARTIARTL
344
349
351
356
358
INFRATEL
340
344
348
352
356
BOSCH
23,782
23,936
24,131
24,285
24,480
CIPLA
543
548
553
557
562
COALINDIA
332
335
342
346
352
DRREDDY
3,001
3,014
3,029
3,042
3,056
EICHERMOT
21,842
22,008
22,245
22,411
22,648
GAIL
362
364
367
368
371
GRASIM
4,473
4,550
4,600
4,677
4,727
HCLTECH
774
780
786
792
798
HDFCBANK
1,227
1,240
1,247
1,260
1,268
HDFC
1,358
1,366
1,372
1,380
1,386
HEROMOTOCO
3,316
3,342
3,379
3,405
3,441
HINDALCO
152
153
155
156
158
HINDUNILVR
898
903
910
914
921
ICICIBANK
245
249
251
255
258
IDEA
93
93
94
94
95
INDUSINDBK
1,143
1,169
1,183
1,209
1,223
INFY
1,010
1,017
1,028
1,035
1,046
ITC
249
251
253
255
257
KOTAKBANK
760
772
779
791
798
LT
1,468
1,475
1,487
1,494
1,506
LUPIN
1,571
1,580
1,594
1,603
1,617
M&M
1,445
1,453
1,460
1,468
1,475
MARUTI
4,873
4,895
4,922
4,944
4,971
NTPC
159
163
166
170
173
ONGC
236
239
240
243
245
POWERGRID
174
178
180
185
187
RELIANCE
1,012
1,015
1,019
1,022
1,027
SBIN
245
247
248
250
252
SUNPHARMA
781
785
790
794
798
TCS
2,615
2,627
2,642
2,654
2,670
TATAMTRDVR
329
334
337
341
344
TATAMOTORS
506
509
514
516
521
TATAPOWER
75
76
77
78
79
TATASTEEL
380
384
389
392
398
TECHM
462
466
472
476
483
ULTRACEMCO
3,656
3,765
3,827
3,936
3,997
WIPRO
519
522
526
529
533
YESBANK
1,301
1,311
1,318
1,328
1,335
ZEEL
495
498
501
505
508
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Technical & Derivatives Report
August 19, 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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