Technical & Derivatives Report
October 21, 2015
Sensex (27307) / Nifty (8262)
Exhibit 1: Nifty Daily Chart
Yesterday, the Nifty opened on a flat note on back of mixed cues
from global bourses and traded with the positive bias in the first
half of the session. However, due to decent correction seen in the
latter half, the Nifty lost all its intraday gains and ended the
session with marginal loss of 0.16 percent.
Monday’s narrow ranged session was followed by a volatile
session; wherein, the Nifty struggled around the higher end of the
‘Rising Channel’ and formed an ‘Outside Bar’ pattern in the daily
chart. The mentioned pattern can be a short term trend reversal
trigger on a decisive close below yesterday’s low of 8229.20. But,
despite the lackluster movement in index, the overall market
breadth remained positive, which indicates strength in the
broader markets. Thus, we advise traders not to pre-empt any
corrective move as of now and rather wait for further
developments to happen on charts. Going forward, the intraday
resistance for Nifty is placed at 8300 - 8335 levels. On the lower
side, 8229 and 8180 has become a major support for the index.
Key Levels
Support 1 - 8229
Resistance 1 - 8300
Support 2 - 8180
Resistance 2 - 8335
Bank Nifty Outlook - (17830)
Exhibit 2: Bank Nifty Daily Chart
Post the flat opening in yesterday’s session, the Bank Nifty traded
in a positive territory in the first half of the session. But, once
again, the banking index struggled around the 17950 levels and
started correcting in the latter half of the session. However, due to
decent recovery from lower levels in the concluding hour of the
session, the Bank Nifty trimmed off some of its intraday loss and
ended the session with the marginal loss of 0.14 percent. At
current juncture, the Bank Nifty needs a sustainable move above
17950 levels for the resumption of its ongoing up move. Going
forward, the immediate resistance for the Bank Nifty is placed at
17950 and 18175 levels; whereas, the support is placed at
17730 and 17580 levels.
Key Levels
Support 1 - 17730
Resistance 1 - 17950
Support 2 - 17580
Resistance 2 - 18175
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Technical & Derivatives Report
October 21, 2015
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.13%
BankNifty futures open interest has decreased by 0.78%
as market closed at 8261.65 levels.
The Nifty October future closed at a discount of 7.75
points against a discount of 4.30 points. The November
series closed at a premium of 29.40 points.
The Implied Volatility of at the money options has
decreased from 13.51% to 13.31%.
The total OI of the market is Rs. 2,37,055/- cr. and the
stock futures OI is Rs. 62,108/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, UNITECH, AMTEKAUTO,
ADANIPOWER and L&TFH.
Views
OI Gainers
OI
PRICE
FIIs bought in equity segment to the tune of Rs. 524
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
crores. While in Index Futures and in Index Options their
BAJFINANCE
230750
20.34
5314.55
5.54
activity was subdued. FIIs were quite active in Stock
PIDILITIND
911500
16.34
580.40
0.11
Futures, wherein they bought of Rs.
475 crores with
BEML
249500
15.51
1245.95
1.80
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marginal change in OI.
HEROMOTOCO
1315575
15.06
2610.75
-0.23
DIVISLAB
3137000
14.45
1081.10
-1.83
In call options, 8300 & 8500 call added some OI. While
in put options, good amount of OI addition was seen in
OI Losers
8200 strike, 7700 put options also added decent OI.
Some unwinding in 8100 put strike was also visible.
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Maximum OI is seen in 8300 call and 8000 put options.
TCS
4083300
-9.20
2518.45
1.31
From last three-four trading sessions, FIIs are forming
MINDTREE
598050
-7.77
1475.05
1.63
fresh shorts, avoid going long. Seeing the overall data,
INFY
14382250
-7.14
1124.80
1.14
we suggest to trade stock specific in this market scenario.
HINDZINC
4027600
-6.06
156.05
-0.22
DRREDDY
998000
-5.98
4318.85
-0.58
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BAJFINANCE
42.21
NIFTY
1.04
1.06
BEL
42.18
BANKNIFTY
0.93
0.64
HEXAWARE
48.27
INFY
0.29
0.31
ADANIPOWER
76.30
RELIANCE
1.05
0.64
RPOWER
50.87
TATAMOTORS
1.18
0.78
Strategy Date
Symbol
Strategy
Status
September 28, 2015
NIFTY
Long Strangle
Profit booked on October 16, 2015
October 05, 2015
SBIN
Ratio Bear Put Spread
Active
October 12, 2015
LT
Long Put Ladder
Active
October 19, 2015
NIFTY
Long Put
Active
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Technical & Derivatives Report
October 21, 2015
Turnover on 20-October 2015
FII Statistics for 20-October 2015
Open Interest
No. of
Turnover
Change
Instrument
Detail
Buy
Sell
Net
Contracts
( in Cr. )
(%)
Value
Change
Contracts
(in Cr.)
(%)
INDEX
INDEX
452682
12816.39
14.21
1219.85
1188.45
31.41
1001265
25489.32
0.72
FUTURES
FUTURES
INDEX
INDEX
9260.10
9199.40
60.70
2387842
76389.38
0.14
5891582
136101.24
19.58
OPTIONS
OPTIONS
STOCK
STOCK
3740.47
3265.53
474.94
1791824
49076.31
(0.54)
916200
25968.24
11.48
FUTURES
FUTURES
STOCK
STOCK
1919.49
1951.41
(31.92)
129743
3564.02
0.48
523657
14054.89
-1.04
OPTIONS
OPTIONS
TOTAL
16139.92
15604.79
535.13
5310674
154519.03
0.03
TOTAL
7784121
188940.76
16.24
Nifty Spot = 8261.65
Lot Size = 25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
Buy
8300
47.35
8200
49.45
31.35
68.65
8331.35
com
24.00
76.00
8176.00
Sell
Sell
8400
16.00
8100
25.45
Buy
Buy
8300
47.35
8200
49.45
42.85
157.15
8342.85
36.15
163.85
8163.85
Sell
Sell
8500
4.50
8000
13.30
Buy
Buy
8400
16.00
8100
25.45
11.50
88.50
8411.50
12.15
87.85
8087.85
Sell
Sell
8500
4.50
8000
13.30
Nifty Put-Call Analysis
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Technical & Derivatives Report
October 21, 2015
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,367
1,373
1,381
1,387
1,395
AMBUJACEM
208
209
210
211
211
ASIANPAINT
863
869
879
885
895
AXISBANK
500
505
509
514
518
BAJAJ-AUTO
2,363
2,401
2,438
2,476
2,513
BANKBARODA
173
175
177
178
180
BHARTIARTL
355
359
363
366
370
BHEL
208
210
213
216
219
BOSCHLTD
20,756
21,160
21,395
21,798
22,033
BPCL
900
906
916
922
932
CAIRN
149
151
155
158
162
CIPLA
643
658
674
689
705
COALINDIA
331
333
336
338
340
DRREDDY
4,210
4,265
4,326
4,381
4,442
GAIL
322
324
326
328
331
GRASIM
3,574
3,591
3,608
3,625
3,642
HCLTECH
840
852
860
872
880
HDFC
1,297
1,305
1,311
1,318
1,324
HDFCBANK
1,085
1,090
1,096
1,101
1,108
HEROMOTOCO
2,566
2,586
2,607
2,627
2,648
HINDALCO
82
83
85
86
88
HINDUNILVR
775
781
789
795
804
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elbrok ng.co
ICICIBANK
281
284
287
289
292
IDEA
148
150
151
153
155
INDUSINDBK
943
950
960
967
977
INFY
1,103
1,114
1,122
1,134
1,142
ITC
346
347
349
351
353
KOTAKBANK
639
647
654
662
669
LT
1,551
1,562
1,579
1,591
1,608
LUPIN
2,033
2,054
2,079
2,100
2,125
M&M
1,224
1,237
1,261
1,274
1,298
MARUTI
4,414
4,461
4,489
4,536
4,564
NMDC
99
100
102
103
105
NTPC
125
127
128
130
131
ONGC
249
251
254
256
259
PNB
136
137
138
140
141
POWERGRID
132
134
136
138
139
RELIANCE
945
951
959
965
973
SBIN
251
253
255
257
259
VEDL
95
98
103
106
111
SUNPHARMA
892
897
905
911
919
TATAMOTORS
367
375
385
393
404
TATAPOWER
68
69
71
72
74
TATASTEEL
234
238
243
246
252
TCS
2,483
2,505
2,517
2,539
2,552
TECHM
537
543
546
552
556
ULTRACEMCO
2,865
2,892
2,921
2,948
2,977
WIPRO
564
568
574
578
584
YESBANK
753
761
770
779
787
ZEEL
424
430
433
439
443
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Technical & Derivatives Report
October 21, 2015
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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