Technical & Derivatives Report
March 21, 2016
Sensex (24953) / Nifty (7604)
Exhibit 1: Nifty Daily Chart
On Friday, the Nifty opened on a flat note and moved higher
to close the session a tad above 7600 mark.
We saw the Nifty traversing the stiff hurdle of 7600 on a
closing basis. This hurdle coincided with multiple technical
evidences and thus, this price action can be interpreted as a
favorable development in the near term. Considering the
ongoing optimism, we may expect this move to extend towards
7720 - 7750 levels where we see a cluster of resistances. As
of now, traders are advised to be with the flow and not pre-
empt any reversal until we see definite signals. However,
having said that, it would be a prudent strategy to either keep
booking profits wherever it’s possible or to keep trailing stop
losses to safeguard your profits. The important technical
reason behind this cautious approach is the non-appearance
of a ‘Higher Bottom’ on the daily chart, which would have
provided credence to the current rally. On the downside,
immediate support is placed at 7517 and 7479 levels.
Key Levels
Support 1 - 7517
Resistance 1 - 7670
Support 2 - 7479
Resistance 2 -
7720
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (15655)
The Nifty Bank index opened on a flat note on Friday and
started moving higher. The positive momentum continued
throughout the day and eventually, the banking index ended
the session with gains of 1.37 percent over its previous close.
On weekly basis, the Nifty Bank index rallied by 3.21 percent
over its previous week’s close.
At current juncture, the banking index is hovering around its
crucial resistance of ‘Horizontal Trend line’ (15735) on weekly
chart, which coincides with the ‘89EMA’ and 50% retracement
level on daily chart. Considering ongoing momentum in
banking counter, we are expecting this resistance to get
breached and the rally may extend towards 16000 mark.
Going forward, immediate resistance for the Nifty Bank index
is placed at 15750 and 15900 levels; whereas, intraday
support for the index is placed around 15456 and 15370.
Key Levels
Support 1 - 15456
Resistance 1 - 15750
Support 2 - 15370
Resistance 2 - 15900
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Technical & Derivatives Report
March 21, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.57%
BankNifty futures open interest has increased by 13.19%
as market closed at 7604.35 levels.
The Nifty March future closed at a premium of 0.95
points against a premium of 0.20 points. The April series
closed at a premium of 41.10 points.
The Implied Volatility of at the money options has
decreased from 14.96% to 12.25%.
The total OI of the market is Rs. 2,42,522/- cr. and the
stock futures OI is Rs. 55,972/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, ALBK, IFCI, JISLJALEQS and
ENGINERSIN.
Views
FIIs continued to buy in both Cash market and Index
OI Gainers
Future segment. On Friday, they bought equities worth
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Rs. 1713 crores. While in Index Futures, they were net
LUPIN
5695800
19.58
1559.75
-7.18
buyers of Rs. 491 crores with good amount of rise in OI,
CUMMINSIND
118200
15.88
843.40
-0.45
suggesting formation of long positions in last trading
CEATLTD
1465800
14.18
1107.75
2.62
session.
KPIT
1320000
13.40
144.00
1.12
In Index Options front, FIIs bought worth Rs. 316 crores
TATAELXSI
403200
11.91
1926.90
0.35
with rise in OI. We hardly saw any meaningful buildup in
call options; some unwinding was seenwin.7500 andng.com
7600 strikes. While in put options, 7400 - 7600 strikes
OI Losers
added decent build-up. Maximum OI in current series
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
has got shifted from 7500 to 7700 call option; while, in
JSWENERGY
5112000
-15.14
70.50
3.37
put options it is still intact at 7400 strike. We witnessed
ACC
1320375
-8.43
1337.00
4.47
good long formation in BankNifty and banking
CADILAHC
3241500
-6.49
341.25
0.95
heavyweights like ICICIBANK, HDFCBANK, SBIN and
BPCL
6489000
-5.85
857.25
-0.90
KOTAKBANK in last trading session. We would suggest
DIVISLAB
2312400
-5.59
983.05
0.89
to trade with positive bias in this space.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ACC
36.24
NIFTY
0.99
0.98
LUPIN
61.99
BANKNIFTY
1.13
0.93
CENTURYTEX
50.98
SBIN
0.89
0.53
VOLTAS
60.21
ICICIBANK
1.20
0.98
TCS
30.47
LUPIN
0.41
0.66
Strategy Date
Symbol
Strategy
Status
February 29, 2016
RELIANCE
Ratio Bull Call Spread
Active
March 05, 2016
BHEL
Long Call Ladder
Active
March 12, 2016
NIFTY
Ratio Bull Call Spread
Not Activated
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Technical & Derivatives Report
March 21, 2016
FII Statistics for 18-March 2016
Turnover on 18-March 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2319.14
1828.23
490.91
360878
20118.19
7.29
356483
19000.29
-1.67
FUTURES
FUTURES
INDEX
INDEX
36579.22
36263.59
315.63
1553461
87319.48
3.02
4437018
246082.23
7.69
OPTIONS
OPTIONS
STOCK
3694.45
3865.51
(171.06)
1039096
47280.31
(0.09)
STOCK
FUTURES
553373
25683.16
-2.98
FUTURES
STOCK
STOCK
2496.78
2593.15
(96.37)
89419
4116.37
4.35
OPTIONS
340243
15980.67
4.38
OPTIONS
TOTAL
45089.59
44550.48
539.12
3042854
158834.35
2.45
TOTAL
5687117
306746.36
5.92
Nifty Spot = 7604.35
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7700
30.45
Buy
7500
37.75
20.00
80.00
7720.00
17.80
82.20
7482.20
Sell
7800
10.45
Sell
7400
19.95
Buy
7700
30.45
Buy
7500
37.75
26.95
173.05
7726.95
27.35
172.65
7472.65
Sell
7900
3.50
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Sell
7300
10.40
Buy
7800
10.45
Buy
7400
19.95
6.95
93.05
7806.95
9.55
90.45
7390.45
Sell
7900
3.50
Sell
7300
10.40
Note: Above mentioned Bullish or Bearish Spreads in Nifty (March Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
March 21, 2016
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,259
1,298
1,319
1,358
1,379
ADANIPORTS
233
237
240
245
248
AMBUJACEM
214
218
221
225
227
ASIANPAINT
853
864
871
882
889
AXISBANK
426
431
434
439
443
BAJAJ-AUTO
2,254
2,278
2,293
2,318
2,333
BANKBARODA
141
142
143
145
146
BHARTIARTL
336
340
344
348
352
BHEL
110
112
113
115
116
BOSCHLTD
17,694
18,234
18,542
19,082
19,390
BPCL
846
852
858
863
869
CAIRN
151
153
155
156
158
CIPLA
513
520
525
533
538
COALINDIA
292
295
297
300
302
DRREDDY
3,054
3,112
3,145
3,204
3,237
GAIL
347
356
361
370
376
GRASIM
3,603
3,630
3,667
3,695
3,732
HCLTECH
809
817
823
830
836
HDFC
1,093
1,111
1,122
1,140
1,151
HDFCBANK
1,009
1,019
1,025
1,035
1,042
HEROMOTOCO
2,775
2,803
2,821
2,849
2,867
HINDALCO
81
83
84
86
88
HINDUNILVR
832
840
846
854
860
ICICIBANK
224
227
229
232
235
IDEA
100
101
102
103
105
INDUSINDBK
891
910
922
941
954
INFY
1,148
1,171
1,185
1,208
1,222
ITC
320
322
325
327
329
KOTAKBANK
644
651
656
664
668
LT
1,185
1,192
1,197
1,205
1,210
LUPIN
1,452
1,503
1,586
1,637
1,720
M&M
1,183
1,203
1,215
1,235
1,247
MARUTI
3,517
3,569
3,609
3,662
3,702
NTPC
126
127
127
128
129
ONGC
212
213
214
216
217
PNB
82
83
84
85
86
POWERGRID
135
136
137
138
140
RELIANCE
1,010
1,019
1,024
1,033
1,039
SBIN
184
188
190
194
196
VEDL
85
89
91
95
97
SUNPHARMA
786
801
813
828
841
TATAMOTORS
360
363
365
368
371
TATAPOWER
58
58
58
59
59
TATASTEEL
295
299
301
304
306
TCS
2,335
2,381
2,405
2,451
2,475
TECHM
478
485
491
498
503
ULTRACEMCO
3,018
3,065
3,091
3,137
3,164
WIPRO
535
543
549
557
562
YESBANK
787
801
809
823
831
ZEEL
381
386
389
394
398
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Technical & Derivatives Report
March 21, 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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