Technical & Derivatives Report
August 22, 2016
Sensex (28077) / Nifty (8667)
Exhibit 1: Nifty Hourly Chart
The last week’s price action has resulted in the formation of a
‘Diamond’ pattern on the hourly chart with a break out in the
upward direction on Thursday. Considering this pattern, the Nifty
may extend this up move towards 8750 - 8800 once it manages
to sustain above the 8700 mark. This pattern remains valid as
long as the Nifty manages to stay above the 8600 mark. In our
earlier report, we had mentioned about a ’Megaphone’ pattern
having been formed on the daily chart. Now, the upper end of
this pattern has drifted a bit higher around 8780 - 8830, which
coincides with the monthly ‘Super Trend’ indicator. Thus, in case
of a further up move, we would advise traders to keep booking
their longs in the range of 8780 - 8830.
Now, if we look at the weekly chart, three narrow range candles
are clearly visible, which resembles a ‘Tri-Star’ pattern. Generally,
this pattern consists of three Doji candles; but in this case, we can
see one Doji and two very narrow range candles. Thus, going
forward, traders holding long positions should now trail their stop
loss below 8600. The breach of this level on the lower side would
result in loss of bullish momentum in the near term, which may
possibly lead to a corrective move towards 8518 - 8470 levels.
It’s advisable to stay light on positions, avoid undue risks, and
keep a note of above mentioned possibilities at all key levels.
Key Levels
Support 1 - 8640
Resistance 1 - 8728
Support 2 - 8600
Resistance 2 - 8780
Nifty Bank Outlook - (19415)
Exhibit 2: Nifty Bank Daily Chart
Post breakout from the higher end of the last one month's trading
range on Thursday, the Nifty Bank index continued its positive
momentum in Friday's trading session. Although the Nifty Bank
index gained only 0.32 percent, the Nifty PSU Bank index showed
outperformance with gains of 3.53 percent over its previous
session's close.
The index has closed tad below the monthly 'Super Trend'
resistance, which is placed around 19485. However, looking at
the ongoing momentum post the breakout, we advise traders to
continue to trade with positive bias unless any definite signs of
reversal seen on charts. The intraday support for the index are
placed around 19340 and 19274 whereas resistances are seen
around 19485 and 19635.
Key Levels
Support 1 - 19340
Resistance 1 - 19485
Support 2 - 19274
Resistance 2 - 19635
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Technical & Derivatives Report
August 22, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.39%
BankNifty futures open interest has increased by 5.42%
as market closed at 8666.90 levels.
The Nifty August future closed with a premium of 10.35
points against a premium of 11.85 points in previous
session. The September series closed at a premium of
60.20 points.
The Implied Volatility of at the money options has
decreased from 13.23% to 12.96%.
The total OI of the market is Rs. 2,89,502/- cr. and the
stock futures OI is Rs. 81,595/- cr.
Few of the liquid counters where we have seen high cost
of carry are SAIL, HINDZINC, PTC, JPASSOCIAT and
JISLJALEQS.
Views
On Friday, FIIs were net buyers in both equity cash and
index future segment. They bought equities worth Rs. 410
OI Gainers
crores. While, in Index Futures they were net buyers
OI
PRICE
SCRIP
OI
PRICE
worth Rs. 233 crores with rise in OI, suggesting long
CHG. (%)
CHG. (%)
JPASSOCIAT
217056000
32.72
11.20
2.28
formation in last trading session.
On Index Options front, FIIs bought worth Rs. 115 crores
SAIL
83472000
19.46
49.80
3.32
with rise in OI. In call options, we witnessed decent
STAR
1712000
15.68
988.50
-3.28
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amount of OI addition in 8800 strike. We believe it’s
PETRONET
2688000
15.61
343.60
5.12
more of writing which is taking place in this call option.
GMRINFRA
242190000
13.21
13.20
0.38
While in put options, 8500 strike was quite active and
added some fresh positions too. We also witness some
OI Losers
unwinding in 8600 put option. Highest OI in current
OI
PRICE
series is placed at 8800 call and 8500 put options.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Last week, FIIs have formed both long and short
TORNTPHARM
206000
-9.01
1555.65
-0.85
positions in index future; but, the quantum was low. Their
GODREJIND
2430000
-7.48
418.15
1.63
previous longs in Index Futures are still intact. We believe
ORIENTBANK
15024000
-6.50
118.30
0.68
Nifty may trade in a range of 8550 - 8800 for last few
ABIRLANUVO
5276250
-6.19
1302.75
0.83
trading sessions of August series, trade accordingly.
JUSTDIAL
4664800
-5.00
468.80
0.84
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
KTKBANK
47.78
NIFTY
1.06
1.04
PETRONET
35.52
BANKNIFTY
1.34
1.09
INDIACEM
52.94
SBIN
1.03
0.63
IRB
39.22
ICICIBANK
0.42
0.32
VOLTAS
42.97
INFY
0.31
0.43
Strategy Date
Symbol
Strategy
Status
01-08-2016
RELIANCE
Ratio Bear Put Spread
Active
08-08-2016
SBIN
Bull Call Spread
Active
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2
Technical & Derivatives Report
August 22, 2016
FII Statistics for 19-August 2016
Turnover on 19-August 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
2097.80
1864.96
232.84
367426
24533.96
2.17
180850
12602.82
-29.40
FUTURES
FUTURES
INDEX
INDEX
34178.64
34063.21
115.43
1112816
73423.44
1.96
3130838
213810.22
-47.95
OPTIONS
OPTIONS
STOCK
7432.44
7273.76
158.68
899429
59269.88
(1.08)
STOCK
FUTURES
617509
43730.68
15.29
FUTURES
STOCK
STOCK
4635.55
4665.49
(29.94)
103261
7034.39
3.62
OPTIONS
409951
30062.70
34.94
OPTIONS
TOTAL
48344.44
47867.42
477.01
2482932
164261.67
0.94
TOTAL
4339148
300206.42
-38.59
Nifty Spot = 8666.90
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8700
45.80
Buy
8600
28.80
32.45
67.55
8732.45
18.35
81.65
8581.65
Sell
8800
13.35
Sell
8500
10.45
Buy
8700
45.80
Buy
8600
28.80
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42.80
157.20
8742.80
24.20
175.80
8575.80
Sell
8900
3.00
Sell
8400
4.60
Buy
8800
13.35
Buy
8500
10.45
10.35
89.65
8810.35
5.85
94.15
8494.15
Sell
8900
3.00
Sell
8400
4.60
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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3
Technical & Derivatives Report
August 22, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,667
1,679
1,693
1,705
1,719
ADANIPORTS
266
270
274
277
281
AMBUJACEM
270
273
275
279
281
ASIANPAINT
1,089
1,102
1,115
1,128
1,140
AUROPHARMA
742
754
760
771
778
AXISBANK
579
584
591
595
602
BAJAJ-AUTO
2,906
2,919
2,934
2,948
2,963
BANKBARODA
152
156
160
164
167
BHEL
139
141
142
143
144
BPCL
576
585
590
598
604
BHARTIARTL
344
347
351
355
359
INFRATEL
334
338
344
348
353
BOSCH
23,621
23,785
24,018
24,182
24,415
CIPLA
549
553
557
561
565
COALINDIA
327
331
336
339
344
DRREDDY
2,983
2,997
3,016
3,030
3,049
EICHERMOT
21,276
21,527
21,963
22,214
22,650
GAIL
358
361
365
368
372
GRASIM
4,554
4,594
4,644
4,683
4,734
HCLTECH
770
776
785
791
800
HDFCBANK
1,238
1,242
1,246
1,251
1,255
HDFC
1,351
1,360
1,368
1,377
1,385
HEROMOTOCO
3,318
3,338
3,360
3,380
3,402
HINDALCO
155
157
158
160
161
HINDUNILVR
895
903
909
917
924
ICICIBANK
250
252
254
256
258
IDEA
93
93
94
94
95
INDUSINDBK
1,173
1,181
1,192
1,200
1,211
INFY
1,006
1,014
1,026
1,034
1,047
ITC
248
250
251
252
254
KOTAKBANK
768
773
780
785
792
LT
1,473
1,484
1,491
1,501
1,508
LUPIN
1,549
1,563
1,582
1,596
1,615
M&M
1,443
1,451
1,460
1,468
1,476
MARUTI
4,863
4,882
4,907
4,926
4,952
NTPC
163
165
168
169
172
ONGC
239
240
242
243
245
POWERGRID
177
179
181
183
185
RELIANCE
1,000
1,007
1,015
1,022
1,030
SBIN
251
255
257
261
264
SUNPHARMA
772
778
786
792
800
TCS
2,570
2,587
2,617
2,633
2,663
TATAMTRDVR
332
335
339
341
345
TATAMOTORS
504
507
511
514
518
TATAPOWER
76
77
78
79
80
TATASTEEL
379
385
390
396
401
TECHM
466
470
473
477
481
ULTRACEMCO
3,843
3,879
3,917
3,953
3,991
WIPRO
512
516
523
527
534
YESBANK
1,308
1,323
1,331
1,346
1,354
ZEEL
497
500
503
506
508
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Technical & Derivatives Report
August 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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