Technical & Derivatives Report
May 20, 2016
Sensex (25400) / Nifty (7783)
Exhibit 1: Nifty Daily Chart
The boredom continues on Dalal Street as the index is still
vacillating within the recent small range of 150 points. However,
it must be noted that yesterday’s price action was completely in
favor of the bears. The Nifty corrected nearly a percent and
eventually closed almost at the lowest point of the day.
Going forward, traders need to keep a close eye on 7760 mark.
A sustainable move below this support may lead to further
correction towards the strong support zone of 7680. However,
going by the recent range bound movement, if the Nifty manages
to hold this support then we may witness a bounce back towards
7840 - 7880 levels and thus, traders need to observe Nifty’s
price movement for the first half an hour of the day. It's advisable
to stay light on positions as traders generally get caught on the
wrong foot (on both sides) in such prolonged sideways
movements.
Key Levels
Support 1 - 7760
Resistance 1 - 7840
Support 2 - 7680
Resistance 2 - 7880
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (16565)
Post flat opening yesterday, the Nifty Bank index corrected
throughout the session and ended the day with a loss of 0.98%
over its previous session's close.
We have been mentioning in our daily report that the index has
been trading in a narrow range and only a breakout of this range
will lead to a directional movement. The index is currently trading
within the range of 16500 - 16430 (support) and 17020 - 17050
(resistance). The increasing volatility within this range indicates
that the index could give a conclusive breakout or breakdown
from this range in the near term. Short term traders are hence
advised to be vigilant of market move and trade in the direction
of a breakout.
Key Levels
Support 1 - 16500
Resistance 1 - 16850
Support 2 - 16430
Resistance 2 - 17050
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1
Technical & Derivatives Report
May 20, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.80%
BankNifty futures open interest has increased by 2.08%
as market closed at 7783.40 levels.
The Nifty May future closed at a premium of 1.70 points
against a premium of 9.15 points. The June series closed
at a premium of 11.25 points.
The Implied Volatility of at the money options has
increased from 15.25% to 16.79%.
The total OI of the market is Rs. 2,45,299/- cr. and the
stock futures OI is Rs. 62,755/- cr.
Few of the liquid counters where we have seen high cost
of carry are TV18BRDCST, GMRINFRA, DISHTV,
M&MFIN and UPL.
Views
Yesterday, the FIIs were net seller in both equity cash and
index future segment. They sold equities worth Rs. 765
OI Gainers
crores. While, they were seller in Index future to the tune
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
of Rs. 293 with marginal fall in OI, indicating blend of
CASTROLIND
7875200
46.14
374.15
-2.79
long unwinding and short build-up.
In Index Options front, FIIs were net seller worth Rs. 1240
NTPC
18032000
12.53
135.55
-0.77
crores with marginal rise in OI. In call options, we
CUMMINSIND
478800
11.61
854.55
-0.57
witnessed huge build-up in 7900 and 8000 strikes;
CEATLTD
2165100
10.66
966.30
-4.20
followed by some OI addition in 7850 and 7800 strike.ng.com
DHFL
7080400
10.10
192.25
-5.23
Whereas, in put options, decent unwinding was seen in
7800 and 7900 strikes. It seems that Put writers are
OI Losers
covering their short positions. Maximum OI in current
OI
PRICE
series is seen at 8000 call; while in put, it shifted from
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
7800 to 7700 strike.
IBREALEST
25389000
-17.25
93.00
0.00
As indicated in our previous report, once again, we
ABIRLANUVO
995500
-14.18
1038.50
2.07
didn’t witness any follow-up considerable selling in Index
ARVIND
4391400
-11.63
303.20
-1.48
future by FIIs. Thus, traders are advised to remain light
SYNDIBANK
10802000
-10.52
66.00
-4.07
and wait for further development on derivative data front
IRB
6027000
-7.57
218.70
-1.66
before initiating any fresh positions in index future.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SUNTV
86.30
NIFTY
0.85
0.83
IBULHSGFIN
43.02
BANKNIFTY
0.87
0.68
DHFL
47.52
SBIN
0.37
0.38
LT
32.14
RELIANCE
0.34
0.39
PTC
33.82
ICICIBANK
0.44
0.54
Strategy Date
Symbol
Strategy
Status
02-05-2016
NIFTY
Long Strangle
Active
09-05-2016
RELIANCE
Long Put
Loss Booked on May 17, 2016
16-05-2016
LT
Short Strangle
Active
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2
Technical & Derivatives Report
May 20, 2016
FII Statistics for 19-May 2016
Turnover on 19-May 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1994.47
2287.76
(293.29)
271996
15491.38
(0.53)
313101
17507.24
-4.63
FUTURES
FUTURES
INDEX
INDEX
35397.25
36637.20
(1239.94)
1267506
73157.45
1.67
4400545
256566.76
13.31
OPTIONS
OPTIONS
STOCK
5776.82
5350.00
426.82
1062517
50234.08
1.18
STOCK
FUTURES
667545
33157.98
17.32
FUTURES
STOCK
STOCK
3652.00
3725.45
(73.45)
91964
4356.80
2.51
OPTIONS
427084
22153.68
15.13
OPTIONS
TOTAL
46820.54
48000.41
(1179.87)
2693983
143239.71
1.28
TOTAL
5808275
329385.66
12.69
Nifty Spot = 7783.40
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7800
64.60
Buy
7800
78.95
36.75
63.25
7836.75
39.10
60.90
7760.90
Sell
7900
27.85
Sell
7700
39.85
Buy
7800
64.60
Buy
7800
78.95
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54.30
145.70
7854.30
59.75
140.25
7740.25
Sell
8000
10.30
Sell
7600
19.20
Buy
7900
27.85
Buy
7700
39.85
17.55
82.45
7917.55
20.65
79.35
7679.35
Sell
8000
10.30
Sell
7600
19.20
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
May 20, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,382
1,396
1,417
1,431
1,452
ADANIPORTS
160
166
175
181
190
AMBUJACEM
209
212
214
216
219
ASIANPAINT
942
950
959
966
976
AUROPHARMA
753
761
774
783
796
AXISBANK
481
486
494
499
507
BAJAJ-AUTO
2,394
2,415
2,443
2,464
2,492
BANKBARODA
133
135
138
141
144
BHEL
116
118
120
121
123
BPCL
923
933
941
952
960
BHARTIARTL
338
341
347
351
356
INFRATEL
370
377
382
389
394
BOSCH
20,628
20,808
21,060
21,240
21,493
CIPLA
501
507
516
522
532
COALINDIA
276
278
281
283
286
DRREDDY
2,996
3,011
3,030
3,045
3,065
EICHERMOT
17,692
17,946
18,355
18,609
19,017
GAIL
363
368
375
380
387
GRASIM
4,186
4,219
4,248
4,282
4,311
HCLTECH
717
724
734
740
750
HDFCBANK
1,127
1,133
1,138
1,144
1,149
HDFC
1,151
1,163
1,186
1,199
1,221
HEROMOTOCO
2,846
2,869
2,891
2,913
2,935
HINDALCO
83
85
88
90
93
HINDUNILVR
799
807
818
827
838
ICICIBANK
222
224
226
228
230
IDEA
104
106
108
110
113
INDUSINDBK
1,057
1,064
1,073
1,080
1,089
INFY
1,192
1,199
1,208
1,214
1,223
ITC
316
320
327
332
339
KOTAKBANK
697
702
706
710
715
LT
1,230
1,248
1,278
1,296
1,326
LUPIN
1,608
1,632
1,660
1,684
1,713
M&M
1,291
1,301
1,315
1,325
1,339
MARUTI
3,857
3,892
3,916
3,951
3,975
NTPC
132
134
135
136
138
ONGC
207
208
211
212
215
POWERGRID
142
143
144
146
147
RELIANCE
930
941
956
967
983
SBIN
166
169
175
179
184
SUNPHARMA
786
789
793
797
801
TCS
2,514
2,535
2,548
2,569
2,582
TATAMTRDVR
259
262
268
272
277
TATAMOTORS
376
381
387
393
399
TATAPOWER
67
67
69
70
71
TATASTEEL
317
322
330
334
342
TECHM
478
481
484
487
491
ULTRACEMCO
3,149
3,169
3,196
3,217
3,244
WIPRO
535
539
541
546
548
YESBANK
950
959
973
981
995
ZEEL
426
432
436
442
447
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Technical & Derivatives Report
May 20, 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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