Technical & Derivatives Report
December 19, 2016
Sensex (26490) / Nifty (8139)
Exhibit 1: Nifty Daily Chart
This was clearly a week of consolidation for our markets despite
the big global event (FOMC Meet), which eventually turned out to
be a non-event as the outcome of 25 bps hike was pretty much
on expected lines. However, due to last week's price action, key
levels in the near term are clearly visible now to form a directional
view. On the upside, 8220 - 8271 has become a stiff hurdle;
whereas on the downside, 8121 - 8056 seems to be a strong
support zone.
Now technically speaking, since the 'Higher Top Higher Bottom'
on daily chart is still intact, we would continue with our optimistic
view until recent swing low of 8056 remains unbroken. Further,
considering the 'Dragonfly Doji' pattern formed during the
antepenultimate week, we would expect the index to extend this
bounce back rally towards 8320 - 8380 levels. At this juncture,
traders are advised to stay on the long side by keeping a strict exit
point below 8056 and now it would be a prudent strategy to
focus more on individual stocks, which may provide better trading
opportunities.
Key Levels
Support 1 - 8121
Resistance 1 - 8220
Support 2 - 8056
Resistance 2 - 8271
Nifty Bank Outlook - (18313)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued its range-bound trading activity
and ended Friday's session with marginal loss of 0.48 percent.
Since last 19 trading sessions, the Nifty Bank index has traded in
a narrow range of 17952 to
18740. The consolidation is
marginally above the '200 SMA' on the daily chart which is now
placed around 17975. Till the index does not show any sign of
directional movement, we continue to advise traders to focus on
stock specific moves. Only a close below the '200 SMA'
mentioned above will be negative for the index and until then,
traders should avoid creating any short positions. The intraday
supports for the Nifty Bank index are placed around 18140 and
17975 whereas resistances are seen around 18555 and 18740.
Key Levels
Support 1 - 18140
Resistance 1 - 18555
Support 2 - 17975
Resistance 2 - 18740
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Technical & Derivatives Report
December 19, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 2.61%
BankNifty futures open interest has increased by 1.94%
as market closed at 8139.45 levels.
The Nifty December future closed with a premium of
7.05 against the premium of 19.45 points in last trading
session. The January series closed at a premium of
42.25 points.
The Implied Volatility of at the money options has
decreased from 13.50% to 12.37%. At the same time,
the PCR-OI of Nifty has decreased from 1.05 to 1.04
levels.
The total OI of the market is Rs. 2,53,924/- cr. and the
stock futures OI is Rs. 69,341/- cr.
Few of the liquid counters where we have seen high cost
of carry are SOUTHBANK, JPASSOCIAT, JINDALSTEL,
JISLJALEQS and IDFC.
Views
OI Gainers
FIIs activity in cash market segment was subdued. While
OI
PRICE
SCRIP
OI
PRICE
in index futures, they were net sellers to the tune of Rs.
CHG. (%)
CHG. (%)
504 crores with good amount of fall in open interest,
BIOCON
3699500
19.22
976.20
4.29
suggesting unwinding of both long and short positions in
CEATLTD
1493800
14.98
1242.35
-2.52
previous trading session.
PCJEWELLER
1335000
12.52
354.00
1.90
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In Index options segment, FIIs bought marginally with
HAVELLS
4350000
10.24
323.15
-4.15
rise in open interest. In call options, 8500 strike added
UNIONBANK
16800000
7.39
137.05
-1.65
some fresh positions, followed by good amount of
ALBK
14030000
6.29
66.90
-1.69
unwinding in 8400 call option. While, in put options, we
CANBK
12315000
6.21
300.60
-1.60
hardly witnessed any relevant build-up. However, 7900
SYNDIBANK
14931000
5.94
65.00
-1.74
strike comparatively active. While, some unwinding was
visible in 8000 and 8200 put options. Highest OI in
OI Losers
current series is placed at 8300 call and 8000 put
OI
PRICE
SCRIP
OI
PRICE
option.
CHG. (%)
CHG. (%)
Last week, Nifty corrected from 8277 levels with fall in
MARUTI
2170650
-6.54
5188.35
0.35
open interest, suggesting long unwinding. We hardly
INFRATEL
5406400
-6.18
356.15
1.04
witness any short formation during this move. However,
OIL
1201900
-5.86
439.70
-0.17
decent amount of longs formed during start of December
ORIENTBANK
15030000
-5.47
115.10
-0.95
series are still intact. At current juncture Nifty has a
MINDTREE
2492000
-4.78
502.20
1.09
strong support around 8100-8150 levels and taking into
COLPAL
568400
-4.58
909.95
0.01
consideration the above data we believe Nifty has limited
NIITTECH
596000
-4.49
427.45
-0.16
downside. Thus, any dips should be used as buying
DCBBANK
1975500
-4.36
108.10
-0.41
opportunity.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BIOCON
37.16
NIFTY
1.04
0.91
HAVELLS
50.39
BANKNIFTY
1.01
0.79
APOLLOTYRE
41.97
SUNPHARMA
0.46
0.53
ONGC
28.10
SBIN
0.59
0.47
GLENMARK
31.76
INFY
0.66
0.70
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2
Technical & Derivatives Report
December 19, 2016
FII Statistics for December 16, 2016
Turnover on December 16, 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1160.24
1664.72
(504.47)
174401
10997.31
(8.64)
177327
11561.09
-46.54
FUTURES
FUTURES
INDEX
INDEX
26283.82
26241.11
42.70
1111615
68977.74
2.17
2565043
168496.27
-71.53
OPTIONS
OPTIONS
STOCK
5929.64
6079.09
(149.45)
897058
54400.89
0.06
STOCK
FUTURES
418133
27632.62
-16.66
FUTURES
STOCK
STOCK
2955.30
3017.23
(61.93)
86633
5561.03
3.08
OPTIONS
261044
17902.30
-15.79
OPTIONS
TOTAL
36329.00
37002.15
(673.15)
2269707
139936.96
0.45
TOTAL
3421547
225592.28
-66.22
Nifty Spot = 8139.45
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8200
51.70
Buy
8100
61.70
30.55
69.45
8230.55
26.35
73.65
8073.65
Sell
8300
21.15
Sell
8000
35.35
Buy
8200
51.70
Buy
8100
61.70
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44.00
156.00
8244.00
41.90
158.10
8058.10
Sell
8400
7.70
Sell
7900
19.80
Buy
8300
21.15
Buy
8000
35.35
13.45
86.55
8313.45
15.55
84.45
7984.45
Sell
8400
7.70
Sell
7900
19.80
Note: Above mentioned Bullish or Bearish Spreads in Nifty (December Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
December 19, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,263
1,279
1,299
1,314
1,334
ADANIPORTS
275
278
282
284
289
AMBUJACEM
198
200
202
204
205
ASIANPAINT
889
895
903
909
917
AUROPHARMA
649
670
685
705
720
AXISBANK
462
467
474
479
486
BAJAJ-AUTO
2,631
2,645
2,663
2,677
2,695
BANKBARODA
157
158
160
162
164
BHEL
120
122
124
125
127
BPCL
598
604
611
617
623
BHARTIARTL
302
306
313
317
324
INFRATEL
349
352
355
358
361
BOSCH
19,728
19,926
20,107
20,305
20,486
CIPLA
557
562
566
570
574
COALINDIA
284
286
289
291
295
DRREDDY
3,083
3,095
3,114
3,127
3,146
EICHERMOT
21,302
21,530
21,729
21,957
22,156
GAIL
404
409
416
422
429
GRASIM
801
809
823
831
844
HCLTECH
803
812
824
833
844
HDFCBANK
1,166
1,174
1,180
1,188
1,193
HDFC
1,254
1,261
1,270
1,277
1,286
HEROMOTOCO
3,073
3,101
3,143
3,170
3,213
HINDALCO
164
167
172
175
180
HINDUNILVR
806
811
819
825
833
ICICIBANK
252
254
257
259
262
IDEA
74
75
76
77
78
INDUSINDBK
1,057
1,070
1,082
1,095
1,107
INFY
992
999
1,004
1,011
1,016
ITC
223
225
228
229
233
KOTAKBANK
711
715
721
725
731
LT
1,347
1,354
1,359
1,366
1,372
LUPIN
1,448
1,459
1,472
1,483
1,496
M&M
1,158
1,170
1,179
1,191
1,200
MARUTI
5,126
5,158
5,182
5,213
5,238
NTPC
158
159
161
162
163
ONGC
196
199
203
206
211
POWERGRID
179
182
184
186
188
RELIANCE
1,047
1,052
1,057
1,062
1,067
SBIN
261
263
265
266
268
SUNPHARMA
626
637
644
655
663
TCS
2,237
2,260
2,275
2,298
2,313
TATAMTRDVR
292
295
298
302
305
TATAMOTORS
460
467
471
477
481
TATAPOWER
75
76
77
78
79
TATASTEEL
406
410
416
420
427
TECHM
471
474
478
481
485
ULTRACEMCO
3,088
3,133
3,208
3,253
3,329
WIPRO
454
459
465
469
475
YESBANK
1,159
1,171
1,184
1,195
1,208
ZEEL
432
437
442
447
452
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Technical & Derivatives Report
December 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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