Technical & Derivatives Report
September 21, 2016
Sensex (28523) / Nifty (8776)
Exhibit 1: Nifty Daily Chart
Yesterday, we saw our benchmark index opening on a flat note in
line with the mixed global cues. Subsequently, the index slipped
below the 8800 mark and then remained inside the negative
territory throughout the remaining part of the day.
Though, we witnessed a bit of gradual down move in yesterday's
session, the overall movement was very narrow and lethargic.
Traders have clearly opted to stay on the sidelines just ahead of
major global events which are lined up in the forthcoming
session. We maintain our negative bias on the market and expect
the index slide towards 8730 - 8688 levels. Traders are advised
to stay light on positions, follow strict stop losses and avoid taking
undue risks.
Key Levels
Support 1 - 8730
Resistance 1 - 8830
Support 2 - 8688
Resistance 2 - 8860
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (19852)
The Nifty Bank index continued its range-bound movement
yesterday and closed yesterday's session with minor loss of 0.27
percent.
It's been six trading sessions wherein the Nifty Bank index has
been trading in a narrow range. However, since the global events
viz. the monetary policy decisions from the U.S. Federal Reserve
and the Bank of Japan are scheduled for next couple of days, the
outcome of the same is likely to drive trader’s sentiment in near
term. Technically, considering last week's trading move and the
chart structure of index heavyweights, there is higher probability
of a corrective move in near term. The near term support for the
index is placed in range of 19735 - 19670, although, we are
expecting the index will breach the same. On the flipside, the
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 21, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.16%
BankNifty futures open interest has decreased by 1.51%
as market closed at 8775.90 levels.
The Nifty September future closed with a premium of
31.30 points against a premium of 23.70 points in
previous session. The October series closed at a
premium of 70.45 points.
The Implied Volatility of at the money options has
increased from 13.24% to 15.05%. At the same time, the
PCR-OI of Nifty has decreased from 1.13 to 1.11.
The total OI of the market is Rs. 3,07,617/- cr. and the
stock futures OI is Rs. 86,504/- cr.
Few of the liquid counters where we have seen high cost
of carry are SOUTHBANK, NHPC, CENTURYTEX,
JSWENERGY and DLF.
Views
OI Gainers
Yesterday, FIIs were net seller in equity cash segment
OI
PRICE
SCRIP
OI
PRICE
worth Rs. 1147 crores, which is the biggest single day
CHG. (%)
CHG. (%)
selling figure in recent past. While, their activity remained
CASTROLIND
14344400
36.87
462.60
10.14
muted in index future segment as they were seller worth
JUBLFOOD
2736000
22.09
948.50
-6.02
Rs. 89 crores only with marginal change in OI.
ALBK
15430000
12.14
80.20
-1.66
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On Index Options front, FIIs sold to the tune of Rs. 1943
BIOCON
4389000
11.42
963.95
2.94
crores with rise in OI. In call options, 9000 strike has
TV18BRDCST
80546000
10.75
43.70
-0.91
seen decent build-up; followed by some OI addition in
DLF
43380000
9.99
148.30
-2.40
8950 and
8800 strikes. While in put options, we
HINDUNILVR
7831800
7.26
906.80
-0.97
witnessed some OI build-up in 8600 and 8800 strikes;
BAJAJ-AUTO
1793250
6.35
2899.50
-2.00
followed by unwinding in
8700 and
8400 strikes.
Highest OI in September series is placed at 9000 call
OI Losers
and 8500 put option.
OI
PRICE
SCRIP
OI
PRICE
We have a cautious stance on the index from last few
CHG. (%)
CHG. (%)
sessions as we are witnessing some sign of profit
CEATLTD
1887900
-18.30
1135.30
0.70
booking from FIIs front. We reiterate our view that Nifty
IBREALEST
39960000
-9.33
87.35
-6.08
may test 8600-8650 levels in near term.
APOLLOTYRE
13032000
-7.89
218.20
-1.82
Yesterday, apart from CASTROL and BIOCON, we didn’t
RELCAPITAL
12183000
-7.76
560.95
-1.86
witness major long build-up in any stocks. While,
VOLTAS
3818000
-7.46
384.25
-2.08
counters like JUBLFOOD, DLF, DISHTV, BAJAJ-AUTO
MRF
52905
-6.42
43687.05
1.21
and HEXAWARE added good amount of short positions.
ONGC
26585000
-5.64
257.75
1.36
ARVIND
5858000
-5.33
332.00
-1.07
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CASTROLIND
62.15
NIFTY
1.11
1.20
JUBLFOOD
57.69
BANKNIFTY
1.10
0.79
IFCI
37.56
YESBANK
0.56
0.55
HEROMOTOCO
31.78
RELIANCE
0.66
0.63
IBREALEST
70.73
SBIN
0.53
0.50
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2
Technical & Derivatives Report
September 21, 2016
FII Statistics for 20, September 2016
Turnover on 20, September 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1316.22
1405.29
(89.07)
472380
31771.17
0.55
143571
10094.48
-1.24
FUTURES
FUTURES
INDEX
INDEX
27887.62
29830.36
(1942.74)
1325223
89538.15
2.32
2246026
160501.67
-2.15
OPTIONS
OPTIONS
STOCK
5250.55
6146.61
(896.06)
939635
62614.86
0.91
STOCK
FUTURES
503372
35238.20
2.76
FUTURES
STOCK
STOCK
3945.81
3970.13
(24.31)
124002
8592.04
0.91
OPTIONS
313425
22426.10
-2.89
OPTIONS
TOTAL
38400.20
41352.38
(2952.18)
2861240
192516.22
1.50
TOTAL
3206394
228260.45
-1.46
Nifty Spot = 8775.90
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8800
83.45
Buy
8800
79.45
44.05
55.95
8844.05
34.85
65.15
8765.15
Sell
8900
39.40
Sell
8700
44.60
Buy
8800
83.45
Buy
8800
79.45
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67.75
132.25
8867.75
54.65
145.35
8745.35
Sell
9000
15.70
Sell
8600
24.80
Buy
8900
39.40
Buy
8700
44.60
23.70
76.30
8923.70
19.80
80.20
8680.20
Sell
9000
15.70
Sell
8600
24.80
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 21, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,607
1,620
1,638
1,651
1,669
ADANIPORTS
263
266
272
275
281
AMBUJACEM
262
265
267
269
272
ASIANPAINT
1,156
1,161
1,167
1,172
1,178
AUROPHARMA
795
800
807
813
820
AXISBANK
584
588
594
598
604
BAJAJ-AUTO
2,825
2,856
2,906
2,937
2,987
BANKBARODA
164
165
167
168
170
BHEL
143
145
146
148
149
BPCL
579
582
586
590
593
BHARTIARTL
314
317
320
323
327
INFRATEL
340
348
354
362
367
BOSCH
22,740
22,998
23,249
23,507
23,758
CIPLA
591
597
602
608
614
COALINDIA
326
327
329
331
332
DRREDDY
3,120
3,139
3,169
3,188
3,219
EICHERMOT
22,987
23,208
23,376
23,597
23,765
GAIL
380
382
387
390
394
GRASIM
4,762
4,820
4,875
4,932
4,987
HCLTECH
780
786
791
797
802
HDFCBANK
1,278
1,283
1,289
1,294
1,300
HDFC
1,377
1,385
1,390
1,399
1,404
HEROMOTOCO
3,390
3,428
3,498
3,536
3,606
HINDALCO
141
143
145
147
149
HINDUNILVR
891
897
907
913
923
ICICIBANK
267
270
272
274
277
IDEA
83
83
84
85
86
INDUSINDBK
1,166
1,175
1,191
1,200
1,216
INFY
1,040
1,045
1,051
1,056
1,062
ITC
253
255
257
259
261
KOTAKBANK
784
788
796
800
808
LT
1,460
1,468
1,476
1,484
1,492
LUPIN
1,522
1,535
1,548
1,562
1,575
M&M
1,393
1,401
1,414
1,423
1,435
MARUTI
5,463
5,489
5,524
5,550
5,586
NTPC
152
153
154
155
156
ONGC
250
254
257
261
264
POWERGRID
176
177
178
179
181
RELIANCE
1,060
1,067
1,076
1,083
1,092
SBIN
252
253
255
256
258
SUNPHARMA
771
775
781
785
790
TCS
2,371
2,389
2,403
2,420
2,434
TATAMTRDVR
342
344
348
350
354
TATAMOTORS
539
544
550
555
561
TATAPOWER
74
75
76
77
78
TATASTEEL
354
360
365
371
376
TECHM
455
459
464
467
473
ULTRACEMCO
3,936
3,962
3,996
4,023
4,057
WIPRO
476
479
481
483
485
YESBANK
1,155
1,181
1,197
1,223
1,239
ZEEL
516
521
525
530
534
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Technical & Derivatives Report
September 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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