Technical & Derivatives Report
September 22, 2016
Sensex (28507) / Nifty (8777)
Exhibit 1: Nifty Daily Chart
Yesterday, after a flat opening, we witnessed an attempt to move
higher and in the process, the Nifty surpassed the 8800 mark.
However, a modest correction in the latter half dragged the index
lower to close on a flat note.
Now, the much awaited Fed decision is out and more or less in
line with consensus. Due to strong global cues, our markets are
likely to open higher but we do not want to get carried away by
this move. We would stick to our cautious stance and would use
this bounce to go short on the market. The immediate resistance
levels are seen at 8850 - 8880. On the downside, 8750 - 8700
would be the support zone.
Key Levels
Support 1 - 8750
Resistance 1 - 8850
Support 2 - 8700
Resistance 2 - 8880
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (19828)
The Nifty Bank index continued its range bound move and ended
another session in a narrow range.
Amidst consolidation in the Nifty Bank index, the PSU Banks
yesterday indicated negative momentum during last hour of trade
as the Nifty PSU Bank index ended the session with loss of 1.20
percent over its previous session's close. We continue to maintain
our cautious stance on the index for short term as there is higher
probability of a corrective move in near term. The intraday
support for the index is placed in range of 19735-19670 whereas
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 22, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.23%
BankNifty futures open interest has increased by 1.48%
as market closed at 8777.15 levels.
The Nifty September future closed with a premium of
29.80 points against a premium of 31.30 points in
previous session. The October series closed at a
premium of 70.60 points.
The Implied Volatility of at the money options has
increased from 15.05% to 15.64%. At the same time, the
PCR-OI of Nifty has increased from 1.11 to 1.12.
The total OI of the market is Rs. 3,17,221/- cr. and the
stock futures OI is Rs. 86,681/- cr.
Few of the liquid counters where we have seen high cost
of carry are ICIL, SOUTHBANK, KSCL, IDFC and
ASHOKLEY.
Views
OI Gainers
Yesterday, FIIs were net buyer in both equity cash and
OI
PRICE
SCRIP
OI
PRICE
index future segment. They bought equities worth Rs. 184
CHG. (%)
CHG. (%)
crores. While, they were net buyer worth Rs. 444 crores
BEL
2039850
10.05
1238.45
0.63
in index future segment with some rise in OI, indicating
PCJEWELLER
789000
9.36
498.10
2.75
long build-up in last trading session.
ICIL
805800
7.87
790.50
5.58
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On Index Options front, FIIs sold to the tune of Rs. 367
BATAINDIA
3506800
6.91
511.35
-1.77
crores with rise in OI. In call options, 9000 - 8800 strikes
UBL
1171800
6.15
892.90
2.00
added some fresh positions. While in put options, we
MRF
55875
5.61
43980.45
0.67
witnessed good amount of OI build-up in 7500 and
EICHERMOT
152150
5.51
24197.65
3.23
8700 strikes; followed by decent unwinding in
8400
HEROMOTOCO
1274000
5.13
3474.60
-0.22
strike. Highest OI in September series is placed at 9000
call and 8500 put option.
OI Losers
As indicated by SGX Nifty in morning trades, we may see
OI
PRICE
SCRIP
OI
PRICE
a gap up opening today; but, we advise traders not to
CHG. (%)
CHG. (%)
carried away by that as we are not seeing meaningful
PAGEIND
39600
-16.89
15175.60
0.56
long formation from FIIs desk. Overall derivative data
APOLLOHOSP
673600
-12.06
1312.00
0.78
still indicates a possibility of a correction towards 8650 -
PFC
23562000
-9.64
121.15
-0.16
8600.
OIL
1332800
-9.57
406.25
0.41
Yesterday, PCJEWELLER, ICIL, UBL and EICHERMOT
CEATLTD
1740900
-7.79
1167.65
2.85
have seen decent long formation. While, counters like
IRB
12325000
-6.47
249.30
0.02
BATAINDIA, HAVELLS, JINDALSTEL, VOLTAS and SBIN
TVSMOTOR
5590000
-6.30
333.95
0.23
added good amount of short positions.
CENTURYTEX
6858500
-6.21
883.35
-0.01
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
INFRATEL
39.28
NIFTY
1.12
1.04
EICHERMOT
31.97
BANKNIFTY
1.05
0.90
ICIL
63.14
YESBANK
0.57
0.62
M&MFIN
39.21
RELIANCE
0.63
0.47
CUMMINSIND
23.97
ICICIBANK
0.49
0.55
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2
Technical & Derivatives Report
September 22, 2016
FII Statistics for 21, September 2016
Turnover on 21, September 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
2073.99
1630.31
443.68
477256
32105.96
1.03
201344
14158.13
40.26
FUTURES
FUTURES
INDEX
INDEX
41259.08
41626.56
(367.47)
1364745
92131.94
2.98
3658298
263432.22
64.13
OPTIONS
OPTIONS
STOCK
5613.74
6116.03
(502.29)
941009
62662.05
0.15
STOCK
FUTURES
471454
33598.33
-4.65
FUTURES
STOCK
STOCK
4084.89
4200.55
(115.66)
126442
8751.50
1.97
OPTIONS
305541
22187.88
-1.06
OPTIONS
TOTAL
53031.70
53573.44
(541.74)
2909452
195651.44
1.69
TOTAL
4636637
333376.56
46.05
Nifty Spot = 8777.15
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8800
82.40
Buy
8800
76.90
44.40
55.60
8844.40
34.15
65.85
8765.85
Sell
8900
38.00
Sell
8700
42.75
Buy
8800
82.40
Buy
8800
76.90
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68.20
131.80
8868.20
53.65
146.35
8746.35
Sell
9000
14.20
Sell
8600
23.25
Buy
8900
38.00
Buy
8700
42.75
23.80
76.20
8923.80
19.50
80.50
8680.50
Sell
9000
14.20
Sell
8600
23.25
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 22, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,613
1,621
1,633
1,642
1,654
ADANIPORTS
263
266
271
274
279
AMBUJACEM
259
262
266
268
272
ASIANPAINT
1,161
1,166
1,171
1,176
1,181
AUROPHARMA
798
803
809
814
820
AXISBANK
592
595
598
601
604
BAJAJ-AUTO
2,799
2,851
2,909
2,960
3,018
BANKBARODA
161
163
166
167
170
BHEL
141
143
145
147
150
BPCL
572
580
587
595
603
BHARTIARTL
317
319
321
324
325
INFRATEL
347
360
368
381
389
BOSCH
22,971
23,159
23,388
23,576
23,805
CIPLA
592
597
602
607
612
COALINDIA
326
328
330
333
335
DRREDDY
3,112
3,132
3,156
3,176
3,200
EICHERMOT
22,991
23,595
23,937
24,541
24,884
GAIL
383
385
388
391
394
GRASIM
4,823
4,846
4,881
4,903
4,938
HCLTECH
784
788
793
798
803
HDFCBANK
1,283
1,288
1,293
1,298
1,303
HDFC
1,378
1,385
1,396
1,403
1,413
HEROMOTOCO
3,367
3,413
3,463
3,509
3,559
HINDALCO
141
145
148
153
156
HINDUNILVR
895
904
909
918
923
ICICIBANK
264
267
270
273
276
IDEA
83
84
84
85
85
INDUSINDBK
1,176
1,181
1,187
1,191
1,197
INFY
1,046
1,051
1,056
1,061
1,066
ITC
249
252
255
257
261
KOTAKBANK
781
785
790
794
799
LT
1,454
1,463
1,475
1,485
1,497
LUPIN
1,527
1,536
1,548
1,557
1,569
M&M
1,387
1,397
1,411
1,422
1,436
MARUTI
5,422
5,461
5,502
5,542
5,582
NTPC
152
153
154
155
156
ONGC
250
253
256
259
262
POWERGRID
171
173
177
179
182
RELIANCE
1,059
1,066
1,075
1,082
1,091
SBIN
247
249
253
255
258
SUNPHARMA
772
775
780
783
788
TCS
2,389
2,401
2,413
2,425
2,436
TATAMTRDVR
340
344
349
353
358
TATAMOTORS
538
544
550
556
563
TATAPOWER
75
76
76
77
77
TATASTEEL
362
366
369
373
376
TECHM
450
456
461
466
471
ULTRACEMCO
3,889
3,925
3,974
4,010
4,060
WIPRO
479
481
483
485
487
YESBANK
1,200
1,210
1,219
1,229
1,238
ZEEL
515
521
525
531
535
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Technical & Derivatives Report
September 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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