Technical & Derivatives Report
September 20, 2016
Sensex (28635) / Nifty (8808)
Exhibit 1: Nifty Daily Chart
Yesterday’s session opened marginally higher to kick start the
proceeding of an eventful week. However, lack of participation
from both counter parties (bulls and bears) was clearly seen
throughout the session. It seems that traders have opted to stay
on the sidelines just ahead of the U.S. Federal Reserve policy.
Thus, we witnessed a sideways movement within a small range to
end the session tad above the 8800 mark.
Since, we did not see any major action during yesterday’s session,
the chart structure remains unchanged so as our view mentioned
in the previous report. We expect the index to face a resistance
around 8848 - 8860 levels; whereas, on the downside, the Nifty
may extend its recent downward move towards 8750 - 8688
levels. Considering yesterday’s movement, we may expect similar
range bound action in today’s session. Only a sustainable move
below 8775 would aggravate the selling pressure in the market
with slightly enhanced volatility. Traders are advised to stay light
on positions, follow strict stop losses and avoid taking undue
risks.
Key Levels
Support 1 - 8775
Resistance 1 - 8860
Support 2 - 8720
Resistance 2 - 8900
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (19907)
The Nifty Bank index traded in a narrow range yesterday and
ended the session with minor gains of 0.26 percent over its
previous session's close.
The Nifty Bank index since last five trading session's have been
consolidating above the '20DEMA' and the daily 'SuperTrend'
support which is placed in range of 19670 - 19735. On the
flipside, the 'Parabolic SAR' on daily chart is in 'Sell' mode, the
resistance of which is seen around 20450. Traders should keep in
check the above mentioned levels as breach of the same on either
side would then lead to directional momentum. Considering last
week's trading move and the chart structure of index
heavyweights, there is higher probability of pullback moves
getting sold into. Hence, we advise traders to stay cautious and
trade with proper risk management. The intraday support of the
index is placed in range of 19670 - 19735 whereas resistances
are seen around 20227 and 20450.
Key Levels
Support 1 - 19735
Resistance 1 - 20227
Support 2 - 19670
Resistance 2 - 20450
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Technical & Derivatives Report
September 20, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.11%
BankNifty futures open interest has decreased by 0.32%
as market closed at 8808.40 levels.
The Nifty September future closed with a premium of
23.70 points against a premium of 28.35 points in
previous session. The October series closed at a
premium of 61.85 points.
The Implied Volatility of at the money options has
increased from 13.24% to 14.06%. At the same time, the
PCR-OI of Nifty has increased from 1.10 to 1.13.
The total OI of the market is Rs. 3,05,443/- cr. and the
stock futures OI is Rs. 86,075/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, MINDTREE, GMRINFRA,
SOUTHBANK and HDIL.
Views
OI Gainers
FIIs were net buyers in cash market segment; they bought
OI
PRICE
SCRIP
OI
PRICE
equities to the tune of Rs. 205 crores. While, they were
CHG. (%)
CHG. (%)
net sellers in index future of Rs. 431 crores with some rise
CASTROLIND
10480400
48.80
420.00
-5.27
in OI, indicating fresh short formation in last trading
IBREALEST
44070000
25.34
93.00
6.59
session.
CEATLTD
2310700
16.73
1127.45
5.79
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On Index Options front, FIIs sold of Rs. 435 crores with
APOLLOTYRE
14148000
16.70
222.25
3.93
rise in OI. Yesterday, in call options we hardly saw any
UPL
7357200
10.99
685.65
-1.37
meaningful activity. While in put options, 8800 and
VOLTAS
4126000
10.38
392.40
3.21
8500 strikes added some positions. Highest OI in
JUBLFOOD
2241000
10.12
1009.25
-3.39
September series is placed at 9000 call and 8600 put
PAGEIND
46100
8.60
15241.10
2.22
option.
We are witnessing FIIs booking profits and forming fresh
OI Losers
shorts in Index Futures from quite some time. Seeing the
OI
PRICE
SCRIP
OI
PRICE
continuous selling figure in Index Futures, we believe
CHG. (%)
CHG. (%)
Nifty may remain under pressure. Thus, traders should
WOCKPHARMA
3948000
-13.35
891.80
-2.02
avoid holding longs as we expect Nifty to test 8600-8650
CENTURYTEX
7399700
-7.66
894.00
2.85
levels in near term.
TCS
5186500
-7.01
2412.90
2.02
Liquid counters that added short positions yesterday are
PETRONET
7578000
-5.82
339.50
1.60
CASTROLIND, UPL, JUBLFOOD and ICIL. While,
KSCL
3258000
-4.86
358.95
1.18
counters like IBREALEST, CEATLTD, APOLLOTYRE and
BHARATFORG
6448800
-4.74
904.25
3.19
VOLTAS added long positions.
DLF
39440000
-4.41
151.95
3.90
TVSMOTOR
5922000
-4.08
337.70
-0.46
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
UBL
34.62
NIFTY
1.13
1.13
MRF
45.07
BANKNIFTY
1.15
0.87
CASTROLIND
43.99
YESBANK
0.54
0.76
INDUSINDBK
26.88
RELIANCE
0.72
0.49
TATACOMM
41.02
ICICIBANK
0.49
0.39
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2
Technical & Derivatives Report
September 20, 2016
FII Statistics for 19, September 2016
Turnover on 19, September 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1075.59
1506.71
(431.12)
469779
31698.87
1.56
143173
10220.96
-54.77
FUTURES
FUTURES
INDEX
INDEX
28182.14
28617.58
(435.44)
1295183
87878.12
1.68
2287007
164026.65
-48.64
OPTIONS
OPTIONS
STOCK
5759.48
5658.37
101.11
931200
62211.69
0.67
STOCK
FUTURES
482563
34293.38
-37.02
FUTURES
STOCK
STOCK
4537.81
4498.30
39.51
122881
8524.00
2.60
OPTIONS
321601
23094.39
-38.34
OPTIONS
TOTAL
39555.03
40280.96
(725.93)
2819043
190312.67
1.36
TOTAL
3234344
231635.38
-46.61
Nifty Spot = 8808.40
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8800
97.20
Buy
8800
68.95
49.40
50.60
8849.40
29.40
70.60
8770.60
Sell
8900
47.80
Sell
8700
39.55
Buy
8800
97.20
Buy
8800
68.95
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77.55
122.45
8877.55
45.95
154.05
8754.05
Sell
9000
19.65
Sell
8600
23.00
Buy
8900
47.80
Buy
8700
39.55
28.15
71.85
8928.15
16.55
83.45
8683.45
Sell
9000
19.65
Sell
8600
23.00
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
September 20, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,622
1,637
1,648
1,663
1,673
ADANIPORTS
266
271
275
279
283
AMBUJACEM
260
264
266
270
272
ASIANPAINT
1,149
1,157
1,164
1,171
1,179
AUROPHARMA
782
793
800
811
818
AXISBANK
585
589
598
603
611
BAJAJ-AUTO
2,894
2,920
2,966
2,992
3,038
BANKBARODA
164
165
167
168
169
BHEL
145
146
148
149
151
BPCL
576
581
584
589
592
BHARTIARTL
319
322
323
326
327
INFRATEL
342
346
349
352
355
BOSCH
23,036
23,214
23,332
23,511
23,628
CIPLA
590
594
597
601
604
COALINDIA
322
325
327
330
332
DRREDDY
3,124
3,141
3,158
3,175
3,192
EICHERMOT
22,821
22,975
23,154
23,308
23,487
GAIL
383
386
390
393
397
GRASIM
4,796
4,827
4,866
4,897
4,936
HCLTECH
773
781
790
798
806
HDFCBANK
1,279
1,285
1,294
1,299
1,308
HDFC
1,378
1,386
1,393
1,401
1,408
HEROMOTOCO
3,512
3,538
3,577
3,603
3,643
HINDALCO
141
142
143
145
146
HINDUNILVR
901
907
915
920
928
ICICIBANK
266
269
271
273
275
IDEA
84
84
85
86
86
INDUSINDBK
1,151
1,178
1,192
1,220
1,234
INFY
1,030
1,045
1,057
1,073
1,085
ITC
256
257
260
262
264
KOTAKBANK
792
797
805
810
818
LT
1,452
1,466
1,478
1,492
1,504
LUPIN
1,517
1,532
1,545
1,560
1,573
M&M
1,395
1,406
1,418
1,429
1,440
MARUTI
5,431
5,462
5,515
5,546
5,599
NTPC
152
153
155
156
158
ONGC
248
251
253
256
259
POWERGRID
173
175
177
179
181
RELIANCE
1,063
1,073
1,080
1,090
1,097
SBIN
253
254
256
258
259
SUNPHARMA
775
779
784
788
793
TCS
2,319
2,365
2,396
2,442
2,473
TATAMTRDVR
345
348
352
355
359
TATAMOTORS
546
550
553
557
560
TATAPOWER
73
75
76
78
79
TATASTEEL
352
357
360
365
369
TECHM
458
462
469
473
479
ULTRACEMCO
3,850
3,920
3,963
4,033
4,075
WIPRO
474
477
479
483
485
YESBANK
1,138
1,158
1,176
1,195
1,214
ZEEL
514
520
524
530
534
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Technical & Derivatives Report
September 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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