Technical & Derivatives Report
December 20, 2016
Sensex (26375) / Nifty (8104)
Exhibit 1: Nifty Daily Chart
Yesterday’s session opened on a soft note citing weak cues from
the Asian bourses. Subsequently, we witnessed a bit of
consolidation within a narrow range throughout the session.
However, a gradual decline during the day led the index to close
tad above the 8100 mark.
In last 3 - 4 trading sessions, we have witnessed a bit of selling
pressure at higher levels, which is now an encouraging signs.
However, the bulls shouldn’t be much afraid of this development
as the overall damage has not been big. Now, with reference to
our previous articles, we maintain our optimistic stance on the
market as long as 8056 remains intact. On the flipside, 8133 -
8179 would be seen as immediate hurdles. Since, there is no
major action seen in key indices, traders are advised to continue
with their stock centric approach.
Key Levels
Support 1 - 8056
Resistance 1 - 8179
Support 2 - 8000
Resistance 2 - 8133
Nifty Bank Outlook - (18257)
Exhibit 2: Nifty Bank Daily Chart
Yesterday, the Nifty Bank inex opened on a flat note and traded
in a narrow range throughout the session. Eventually, the banking
index ended the session with loss of 0.30 percent over its previous
close.
Yesterday's prices action too was confined in a narrow range. As
mentioned in our earlier reports too, the index is going through a
consolidation phase and there are no signs of a trended move.
Thus, we continue to advise traders to focus on stock specific
moves for short term trading. 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 20, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.18%
BankNifty futures open interest has increased by 4.52%
as market closed at 8104.35 levels.
The Nifty December future closed with a premium of
19.80 against the premium of 7.05 points in last trading
session. The January series closed at a premium of
55.20 points.
The Implied Volatility of at the money options has
increased from 12.37% to 12.48%. At the same time, the
PCR-OI of Nifty has decreased from 1.04 to 1.01 levels.
The total OI of the market is Rs. 2,58,839/- cr. and the
stock futures OI is Rs. 69,629/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, SOUTHBANK, ADANIPOWER,
RPOWER and IDFC.
Views
OI Gainers
Yesterday, FIIs were net sellers in cash market segment;
OI
PRICE
SCRIP
OI
PRICE
they sold equities worth Rs. 536 crores. While in index
CHG. (%)
CHG. (%)
futures, they were net buyers to the tune of Rs. 327 crores
UNIONBANK
19404000
15.50
133.00
-2.96
with fall in open interest, suggesting covering of short
PAGEIND
43300
12.18
13749.80
0.19
positions in previous trading session.
OIL
1332800
10.89
443.30
0.82
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In Index options segment, FIIs bought of Rs. 115 crores
ASHOKLEY
61425000
10.14
79.00
1.54
with rise in open interest. In call options, 8100 and 8150
ENGINERSIN
6114500
10.08
315.40
3.06
strikes added some fresh positions. While, in put options,
BHARATFIN
10799000
9.19
604.40
-5.78
we hardly witnessed any relevant build-up. However,
CEATLTD
1615600
8.15
1238.75
-0.29
8100 strike was comparatively active. While, some
ASIANPAINT
5599200
8.06
881.35
-2.28
unwinding was visible in 8200 put option. Highest OI in
current series is placed at 8300 call and 8000 put
OI Losers
option.
OI
PRICE
SCRIP
OI
PRICE
Nifty corrected from 8277 levels with fall in open interest,
CHG. (%)
CHG. (%)
suggesting long unwinding. We hardly witness any short
ONGC
37530000
-5.55
202.05
-0.10
formation during this move. However, decent amount of
IOC
16680000
-5.15
304.55
2.35
longs formed during start of December series are still
RELINFRA
7455500
-4.23
504.55
3.31
intact. At current juncture, Nifty is lingering around its
HINDPETRO
25332300
-2.74
425.80
-0.04
strong support of 8050-8100 levels and taking into
HAVELLS
4232000
-2.71
326.55
1.05
consideration the above data we believe Nifty has limited
AXISBANK
28046400
-2.14
469.20
-0.79
downside. Thus, any dips should be used as buying
ADANIENT
14976000
-2.14
73.15
-0.75
opportunity.
ORIENTBANK
14730000
-2.00
113.90
-1.04
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HINDZINC
45.86
NIFTY
1.01
0.87
BHARATFIN
68.51
BANKNIFTY
0.95
0.91
GAIL
29.83
SUNPHARMA
0.44
0.40
INFRATEL
40.38
SBIN
0.58
0.49
RPOWER
34.54
RELIANCE
1.03
1.12
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Technical & Derivatives Report
December 20, 2016
FII Statistics for December 19, 2016
Turnover on December 19, 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1032.26
705.59
326.67
172090
10852.61
(1.33)
116850
7675.15
-33.61
FUTURES
FUTURES
INDEX
INDEX
21258.53
21143.36
115.18
1128344
69819.50
1.50
2449720
161570.82
-4.11
OPTIONS
OPTIONS
STOCK
4373.97
5036.94
(662.97)
896584
54079.89
(0.05)
STOCK
FUTURES
343932
22660.13
-18.00
FUTURES
STOCK
STOCK
2735.04
2757.55
(22.51)
87522
5553.79
1.03
OPTIONS
240656
16577.25
-7.40
OPTIONS
TOTAL
29399.80
29643.45
(243.64)
2284540
140305.78
0.65
TOTAL
3151158
208483.35
-7.58
Nifty Spot = 8104.35
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8100
78.60
Buy
8100
57.10
45.85
54.15
8145.85
27.75
72.25
8072.25
Sell
8200
32.75
Sell
8000
29.35
Buy
8100
78.60
Buy
8100
57.10
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67.20
132.80
8167.20
42.70
157.30
8057.30
Sell
8300
11.40
Sell
7900
14.40
Buy
8200
32.75
Buy
8000
29.35
21.35
78.65
8221.35
14.95
85.05
7985.05
Sell
8300
11.40
Sell
7900
14.40
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 20, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,254
1,266
1,281
1,293
1,309
ADANIPORTS
272
274
278
280
283
AMBUJACEM
198
200
202
203
206
ASIANPAINT
858
868
885
895
912
AUROPHARMA
677
688
700
711
723
AXISBANK
463
465
469
471
475
BAJAJ-AUTO
2,619
2,631
2,644
2,656
2,669
BANKBARODA
157
158
159
161
162
BHEL
120
121
122
123
124
BPCL
602
607
615
620
628
BHARTIARTL
300
303
307
310
314
INFRATEL
335
340
349
354
362
BOSCH
19,466
19,644
19,916
20,094
20,365
CIPLA
555
562
568
575
581
COALINDIA
285
286
288
289
291
DRREDDY
3,020
3,044
3,080
3,104
3,140
EICHERMOT
21,400
21,501
21,600
21,701
21,800
GAIL
407
416
422
432
438
GRASIM
809
816
823
831
838
HCLTECH
810
818
822
829
834
HDFCBANK
1,167
1,172
1,176
1,181
1,185
HDFC
1,230
1,239
1,251
1,260
1,273
HEROMOTOCO
3,050
3,079
3,114
3,143
3,179
HINDALCO
166
168
170
171
173
HINDUNILVR
802
806
812
816
822
ICICIBANK
253
255
257
259
261
IDEA
75
76
76
77
78
INDUSINDBK
1,064
1,075
1,084
1,095
1,105
INFY
988
996
1,002
1,011
1,016
ITC
223
225
227
229
231
KOTAKBANK
712
716
719
723
726
LT
1,331
1,338
1,349
1,355
1,366
LUPIN
1,443
1,459
1,476
1,492
1,510
M&M
1,162
1,169
1,180
1,187
1,197
MARUTI
5,047
5,081
5,138
5,172
5,230
NTPC
158
159
160
161
162
ONGC
198
200
202
203
205
POWERGRID
182
183
184
185
186
RELIANCE
1,049
1,056
1,061
1,068
1,074
SBIN
259
260
262
264
266
SUNPHARMA
622
627
635
641
649
TCS
2,246
2,268
2,283
2,304
2,319
TATAMTRDVR
289
294
297
301
305
TATAMOTORS
459
465
472
478
485
TATAPOWER
76
76
77
78
79
TATASTEEL
405
408
412
415
419
TECHM
468
471
473
476
478
ULTRACEMCO
3,044
3,076
3,133
3,165
3,222
WIPRO
460
462
464
466
468
YESBANK
1,167
1,173
1,181
1,187
1,194
ZEEL
435
438
443
446
451
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Technical & Derivatives Report
December 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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