Technical & Derivatives Report
February 22, 2016
Sensex (23709) / Nifty (7211)
Exhibit 1: Nifty Daily Chart
Despite some intra-week hiccups, the Nifty eventually
managed to conquer the 7200 mark on a closing basis. On
the minor degree (hourly) chart, the ‘Higher Top Higher
Bottom’ is now clearly visible. The price action is also
supported by the positive placement of the daily ‘RSI-
Smoothened’ oscillator. Thus, we expect this momentum to
continue and the Nifty could now test the
7280 mark.
However, traders need to reassess their existing positions once
the Nifty approaches this hurdle as there are some key
technical evidences converging around it. Firstly, it’s the daily
’20 EMA’ while the other being the ‘Parabolic SAR’ indicator.
Going forward, an extended up move is expected only if the
Nifty manages to traverse this hurdle on a sustainable basis.
In this scenario, 7380 - 7400 can be retested. On the flipside,
7127 - 7100 are now seen as immediate support levels for
the index. In the forthcoming week, we expect stock specific
action to continue; traders should concentrate on these moves
by following strict stop losses.
Key Levels
Support 1 - 7127
Resistance 1 - 7280
Support 2 - 7100
Resistance 2 -
7380
Exhibit 2: Bank Nifty Weekly Chart
Bank Nifty Outlook - (14344)
In Friday's trading session, the Nifty Bank index traded in a
narrow range and had formed a small body candle to end the
session with marginal gains of about 0.32%.
The short term chart structure continues to indicate a possible
move upto 14570 - 14600 in near term, which we have been
mentioning in our report since last few days. Traders are
advised to continue to trade with a positive bias with stop loss
below 13890 on long positions. The near term support for
index is placed around
14120 and
13890; whereas,
resistances are seen around 14525 and 14600.
Key Levels
Support 1 - 14120
Resistance 1 - 14525
Support 2 - 13890
Resistance 2 - 14600
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Technical & Derivatives Report
February 22, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.39%
BankNifty futures open interest has decreased by 6.48%
as market closed at 7210.75 levels.
The Nifty February future closed at a premium of 1.70
points against a discount of 0.90 points. The March
series closed at a premium of 21.45 points.
The Implied Volatility of at the money options has
decreased from 16.38% to 16.13%.
The total OI of the market is Rs. 2,47,612/- cr. and the
stock futures OI is Rs. 61,411/- cr.
Few of the liquid counters where we have seen high cost
of carry are FEDERALBNK, IDFC, KTKBANK, GMRINFRA
and PTC.
Views
FIIs were net sellers in both index future and cash market
OI Gainers
segment on Friday. They sold equities to the tune of Rs.
OI
PRICE
192 crores. While in Index Futures, they sold worth Rs.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
846 crores with fall in open interest, indicating long
CROMPGREAV
31683000
17.20
129.90
-0.42
unwinding in last trading session.
DIVISLAB
2872800
12.98
996.75
1.86
In Index Options front, they sold of Rs. 1648 crores with
UNITECH
285131000
10.31
3.80
-5.00
marginal fall in OI. In call options, 7200 strike added
BHEL
34354000
9.20
102.15
-1.83
some OI, followed by good amount of unwinding in
WIPRO
9016000
7.91
547.95
1.29
7000 and 7100 call options. We believe these unwinding
were by the writers of call options who are now
OI Losers
lightening their positions expecting Nifty to show further
OI
PRICE
strength. Whereas, in put options, good amount of build-
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
up was witness in 7200 strike. While, unwinding was
ACC
2466000
-15.21
1274.10
1.30
seen in 6500 and 7100 put options. Maximum OI in
PNB
44300000
-11.00
76.25
6.20
current series is visible in 7400 call and 7000 put
IDEA
46428000
-5.88
108.50
0.70
options. Seeing the above data we would suggest to
TORNTPHARM
366400
-5.47
1332.60
0.25
trade with positive bias.
ALBK
11862000
-4.45
44.30
3.14
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HINDPETRO
56.06
NIFTY
0.81
0.81
IOC
49.43
BANKNIFTY
0.76
0.86
HEROMOTOCO
37.25
SBIN
0.49
0.48
TECHM
34.38
ICICIBANK
0.43
0.38
FEDERALBNK
44.76
RELIANCE
0.42
0.53
Strategy Date
Symbol
Strategy
Status
February 01, 2016
BHEL
Bull Call Spread
Active
February 08, 2016
NIFTY
Short Strangle
Active
February 15, 2016
AXISBANK
Bull Call Spread
Active
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Technical & Derivatives Report
February 22, 2016
FII Statistics for 19-February 2016
Turnover on 19-February 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1695.34
2541.70
(846.36)
329013
17106.97
(2.14)
309659
15535.88
-21.16
FUTURES
FUTURES
INDEX
INDEX
36317.29
37965.00
(1647.70)
1476008
78194.44
(1.24)
4486583
236503.94
-13.42
OPTIONS
OPTIONS
STOCK
5984.88
6018.36
(33.49)
1179437
50453.78
(0.40)
STOCK
FUTURES
620556
26314.17
-12.76
FUTURES
STOCK
STOCK
2183.03
2276.98
(93.95)
91061
3802.10
1.41
OPTIONS
326721
13936.69
-20.75
OPTIONS
TOTAL
46180.53
48802.03
(2621.50)
3075519
149557.29
(0.94)
TOTAL
5743519
292290.69
-14.19
Nifty Spot = 7210.75
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7200
59.00
Buy
7200
45.70
40.95
59.05
7240.95
27.40
72.60
7172.60
Sell
7300
18.05
Sell
7100
18.30
Buy
7200
59.00
Buy
7200
45.70
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54.50
145.50
7254.50
38.05
161.95
7161.95
Sell
7400
4.50
Sell
7000
7.65
Buy
7300
18.05
Buy
7100
18.30
13.55
86.45
7313.55
10.65
89.35
7089.35
Sell
7400
4.50
Sell
7000
7.65
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Feb. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
February 22, 2016
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,237
1,257
1,269
1,290
1,302
ADANIPORTS
204
207
209
212
214
AMBUJACEM
193
194
195
196
197
ASIANPAINT
819
837
847
865
875
AXISBANK
386
389
393
396
400
BAJAJ-AUTO
2,382
2,419
2,443
2,480
2,504
BANKBARODA
134
137
139
142
145
BHARTIARTL
312
319
324
330
335
BHEL
95
99
102
105
109
BOSCHLTD
16,001
16,403
16,651
17,053
17,301
BPCL
744
755
772
783
801
CAIRN
124
128
130
134
136
CIPLA
513
519
525
531
537
COALINDIA
306
309
313
316
320
DRREDDY
3,011
3,035
3,070
3,094
3,129
GAIL
309
318
322
331
335
GRASIM
3,390
3,409
3,429
3,448
3,468
HCLTECH
817
834
846
863
874
HDFC
1,038
1,050
1,057
1,069
1,077
HDFCBANK
966
978
985
997
1,004
HEROMOTOCO
2,565
2,636
2,673
2,744
2,781
HINDALCO
66
68
69
70
71
HINDUNILVR
806
817
824
835
843
ICICIBANK
192
196
199
202
205
IDEA
103
106
108
110
112
INDUSINDBK
828
835
842
848
855
INFY
1,105
1,116
1,125
1,136
1,145
ITC
299
302
304
307
309
KOTAKBANK
618
624
632
639
647
LT
1,113
1,132
1,150
1,169
1,188
LUPIN
1,716
1,753
1,778
1,814
1,839
M&M
1,179
1,205
1,227
1,252
1,274
MARUTI
3,512
3,545
3,593
3,626
3,674
NTPC
125
128
129
131
133
ONGC
204
207
210
214
216
PNB
70
73
75
78
80
POWERGRID
138
139
141
142
144
RELIANCE
929
937
945
952
960
SBIN
154
159
162
168
171
VEDL
72
73
74
76
77
SUNPHARMA
850
857
864
871
877
TATAMOTORS
308
313
316
322
325
TATAPOWER
57
58
59
60
61
TATASTEEL
244
249
252
256
259
TCS
2,296
2,308
2,317
2,329
2,339
TECHM
421
431
437
447
453
ULTRACEMCO
2,748
2,796
2,823
2,871
2,898
WIPRO
534
541
545
552
556
YESBANK
700
706
715
721
730
ZEEL
363
373
380
391
398
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Technical & Derivatives Report
February 22, 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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