Technical & Derivatives Report
June 22, 2016
Sensex (26813) / Nifty (8220)
Exhibit 1: Nifty Daily Chart
Yesterday, our benchmark index opened tad higher owing to
positive cues from the Asian bourses. However, this small lead
was very short lived as the index immediately pared down all
gains and traded with a mildly negative bias throughout the
session. Eventually, the Nifty ended the session with a nominal cut
of 0.23% over it previous close.
A smart rally on Monday followed by a minor profit booking;
however, the overall intraday movement was very lethargic due to
lack of follow-up buying interest. As a result, we do not see any
major change in the chart structure and thus, we maintain our
positive stance on the market and expect the index to move
towards 8290 - 8336 levels. On the flipside, 8210 - 8150 would
be seen as immediate support levels. Considering the
unfavorable risk to reward ratio in the index, traders are advised
to stick to their stock centric approach.
Key Levels
Support 1 - 8210
Resistance 1 - 8290
Support 2 - 8150
Resistance 2 - 8336
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (17619)
In yesterday's trading session, the Nifty Bank index traded in a
narrow range and ended the session with a loss of 0.56% over its
previous close.
Since last few trading sessions, the index is trading in a narrow
range and it seems that markets participants are waiting for the
development of Britain's EU referendum on 'Brexit', which is
scheduled on June 23. Hence, for next couple of sessions, we
could see range bound trading sessions with market participants
waiting for the outcome, which may dictate a near term direction
for global markets. Technically, the index has been trading in a
range of 17350 - 18050 since last few days and hence, unless it
confirms a breakout from the range, traders should focus on
stock specific moves rather than trading in the index. The near
term support for the index is placed around 17588 and 17350;
whereas, resistances are seen around 17935 and 18050.
Key Levels
Support 1 - 17588
Resistance 1 - 17935
Support 2 - 17350
Resistance 2 - 18050
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Technical & Derivatives Report
June 22, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 2.48%
BankNifty futures open interest has decreased by 0.15%
as market closed at 8219.90 levels.
The Nifty June future closed with a premium of 5.20
points against a premium of 13.40 points in previous
session. The July series closed at a premium of 33.90
points.
The Implied Volatility of at the money options has
increased from 17.40% to 18.23%.
The total OI of the market is Rs. 2,53,926/- cr. and the
stock futures OI is Rs. 68,242/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, JPASSOCIAT, MCLEODRUSS,
RCOM and GRANULES.
Views
OI Gainers
FIIs were net buyers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
of Rs. 485 crores. While in Index Futures, they were net
AJANTPHARM
408800
23.58
1472.05
-3.47
seller of Rs.
570 crores with fall in open interest,
indicating continuation of long unwinding in last trading
ARVIND
4707900
21.38
328.00
4.81
session.
CENTURYTEX
6327100
16.48
654.65
4.56
On Index Options front, FIIs sold worth Rs. 911 crores
RCOM
125922000
11.84
48.70
-0.61
with some rise in open interest. We witnessed that overallng.com
KPIT
1852000
11.84
192.15
4.43
activity in Nifty options remained muted yesterday. 8400
call and 8000 put options were comparatively active and
OI Losers
they also added some fresh OI. Maximum OI in June
OI
PRICE
series remains intact in 8300 call and 8000 put options.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
In last 6-7 days, we saw good amount of profit booking
ALBK
12140000
-6.83
59.95
-0.17
by FIIs, most of the longs are now out of the system. On
LICHSGFIN
7508600
-6.44
485.25
0.66
Monday, we also saw fresh shorting in Index Futures. We
ORIENTBANK
15789000
-5.68
100.75
-1.80
would suggest traders to lighten their longs in Index and
TATASTEEL
22586000
-5.39
334.55
-0.90
avoid forming any fresh directional trade.
HINDZINC
3907200
-5.13
177.30
0.17
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ARVIND
36.18
NIFTY
1.14
0.89
CENTURYTEX
39.87
BANKNIFTY
0.99
0.84
AJANTPHARM
32.36
SBIN
0.91
0.67
MINDTREE
27.44
RELIANCE
0.54
0.40
RECLTD
30.07
SUNPHARMA
0.35
0.27
Strategy Date
Symbol
Strategy
Status
May 30, 2016
TCS
Ratio Bull Call Spread
Active
June 06, 2016
NIFTY
Long Call
Exited at Cost
June 13, 2016
ONGC
Ratio Bull Call Spread
Active
June 20, 2016
MARUTI
Long Call Ladder
Active
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Technical & Derivatives Report
June 22, 2016
FII Statistics for 21-June 2016
Turnover on 21-June 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
851.49
1421.56
(570.07)
235793
14180.21
(1.28)
344926
10821.97
-46.43
FUTURES
FUTURES
INDEX
INDEX
14291.25
15201.89
(910.64)
1176862
71706.61
1.15
3626653
139155.80
-35.79
OPTIONS
OPTIONS
STOCK
4613.32
4319.37
293.95
1090648
54616.37
0.12
STOCK
FUTURES
570772
26464.09
-11.22
FUTURES
STOCK
STOCK
2515.70
2521.46
(5.76)
116330
6081.57
3.08
OPTIONS
358228
15216.24
-19.44
OPTIONS
TOTAL
22271.76
23464.28
(1192.52)
2619633
146584.76
0.58
TOTAL
4900579
191658.09
-32.89
Nifty Spot = 8219.90
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8200
107.30
Buy
8200
84.10
51.20
48.80
8251.20
31.10
68.90
8168.90
Sell
8300
56.10
Sell
8100
53.00
Buy
8200
107.30
Buy
8200
84.10
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82.70
117.30
8282.70
51.00
149.00
8149.00
Sell
8400
24.60
Sell
8000
33.10
Buy
8300
56.10
Buy
8100
53.00
31.50
68.50
8331.50
19.90
80.10
8080.10
Sell
8400
24.60
Sell
8000
33.10
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
June 22, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,540
1,549
1,563
1,573
1,586
ADANIPORTS
198
201
205
208
212
AMBUJACEM
235
237
240
242
245
ASIANPAINT
970
976
983
990
997
AUROPHARMA
701
711
729
739
756
AXISBANK
510
514
519
523
528
BAJAJ-AUTO
2,590
2,610
2,632
2,651
2,673
BANKBARODA
147
148
151
152
154
BHEL
119
121
123
124
126
BPCL
993
1,001
1,006
1,014
1,019
BHARTIARTL
358
360
362
365
367
INFRATEL
334
341
346
353
359
BOSCH
21,695
21,838
22,019
22,162
22,343
CIPLA
475
479
485
489
494
COALINDIA
310
311
313
315
317
DRREDDY
3,004
3,027
3,060
3,083
3,116
EICHERMOT
18,533
18,623
18,727
18,817
18,921
GAIL
369
376
384
391
399
GRASIM
4,270
4,289
4,313
4,332
4,356
HCLTECH
761
766
771
775
780
HDFCBANK
1,153
1,159
1,167
1,173
1,181
HDFC
1,211
1,225
1,234
1,247
1,256
HEROMOTOCO
3,016
3,036
3,055
3,075
3,094
HINDALCO
120
122
123
125
126
HINDUNILVR
859
865
872
878
885
ICICIBANK
234
236
238
240
243
IDEA
101
102
103
103
104
INDUSINDBK
1,079
1,085
1,094
1,100
1,109
INFY
1,186
1,196
1,206
1,215
1,225
ITC
354
356
358
360
362
KOTAKBANK
737
742
748
753
758
LT
1,478
1,487
1,499
1,507
1,519
LUPIN
1,425
1,436
1,455
1,466
1,485
M&M
1,348
1,357
1,364
1,374
1,381
MARUTI
4,082
4,113
4,141
4,172
4,200
NTPC
149
150
153
154
156
ONGC
213
215
217
218
220
POWERGRID
154
155
156
157
158
RELIANCE
973
980
987
994
1,001
SBIN
211
212
215
217
219
SUNPHARMA
729
733
739
743
749
TCS
2,629
2,640
2,653
2,664
2,676
TATAMTRDVR
317
321
323
327
329
TATAMOTORS
474
479
483
488
491
TATAPOWER
71
72
74
75
77
TATASTEEL
330
332
335
337
340
TECHM
526
531
537
542
549
ULTRACEMCO
3,305
3,331
3,352
3,378
3,399
WIPRO
550
555
559
565
569
YESBANK
1,059
1,065
1,073
1,079
1,086
ZEEL
441
444
450
453
458
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Technical & Derivatives Report
June 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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