Technical & Derivatives Report
August 23, 2016
Sensex (27986) / Nifty (8629)
Exhibit 1: Nifty Hourly Chart
The week started the proceedings on a flat note owing to mixed
global cues. However, we witnessed a sharp decline in the market
during the opening hour of the day. In the process, the Nifty
tested the intraday support of 8620 and then consolidated
around it for the remaining part of the session.
Yesterday, we saw the index trading with a mildly negative bias.
However, going forward, we continue to see 8600 as a crucial
support for the momentum traders. 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. Until then the bias remains to be slightly on the
positive side. For the coming session, 8660 - 8700 are seen as
immediate resistance levels.
Key Levels
Support 1 - 8600
Resistance 1 - 8660
Support 2 - 8518
Resistance 2 - 8700
Nifty Bank Outlook - (19330)
Exhibit 2: Nifty Bank Daily Chart
Post testing the monthly 'Super Trend' resistance around 19485,
the Nifty Bank index corrected marginally in yesterday's session
and ended the day with marginal loss of 0.43 percent over its
previous session's close.
As mentioned earlier, despite giving breakout from the higher
end of one month's trading range, the Nifty Bank is likely to face
resistance around the monthly 'Super Trend' resistance which is
placed around 19485. Unless any follow up buying seen, short
term traders can look to book profits on long positions in the
index and meanwhile focus on stock specific trades in the banking
sector. Traders are also advised to keep proper risk management
and not to trade aggressively considering the resistance on
monthly charts. The intraday support for the Nifty Bank index are
placed around 19250 and 19127 whereas resistance are seen
around 19485 and 19755.
Key Levels
Support 1 - 19250
Resistance 1 - 19485
Support 2 - 19127
Resistance 2 - 19755
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Technical & Derivatives Report
August 23, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.71%
BankNifty futures open interest has increased by 5.77%
as market closed at 8629.15levels.
The Nifty August future closed with a premium of 4.05
points against a premium of 10.35 points in previous
session. The September series closed at a premium of
57.05 points.
The Implied Volatility of at the money options has
increased from 12.96% to 14.48%.
The total OI of the market is Rs. 2,98,467/- cr. and the
stock futures OI is Rs. 82,389/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, MRF, JPASSOCIAT, PTC and
MINDTREE.
Views
After long time, we witness FIIs selling figure in both cash
OI Gainers
and Index Futures segment. They sold equities to the tune
OI
PRICE
of Rs. 300 crores. While, in Index Futures they were net
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
sellers of Rs. 457 crores with good amount of rise in OI,
IGL
1916200
25.32
729.70
4.13
suggesting fresh short formation in last trading session.
GAIL
9952500
16.73
364.30
0.07
On Index Options front, FIIs activity remained muted. In
JSWSTEEL
5701200
14.01
1767.85
-1.22
call options, we witnessed good amount of OI addition inng.com
NTPC
21568000
12.80
163.65
-1.85
8600 to 8750 strikes. We believe it’s more of writing by
weaker hands in these call options who are expecting
AMARAJABAT
669600
11.60
894.00
-3.11
market to find resistance near 8650-8700 levels. While
in put options, we hardly saw any relevant build-up,
OI Losers
good amount of unwinding was visible in 8600 put
OI
PRICE
SCRIP
OI
PRICE
options. Highest OI in current series is placed at 8800
CHG. (%)
CHG. (%)
call and 8500 put options.
JPASSOCIAT
180880000
-16.67
11.00
-1.34
Despite seeing the selling figure by FIIs, we would
VOLTAS
4688000
-12.21
372.15
-2.44
suggest to avoid selling at current levels unless we see
ICIL
447600
-10.55
935.50
2.50
further follow-up selling. Rollovers in Nifty and BankNifty
GMRINFRA
219420000
-9.40
13.05
-0.38
are on the higher side at 36.59% & 32.06% respectively.
SRF
377000
-8.27
1623.80
0.50
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
IGL
32.07
NIFTY
0.97
0.94
SUNTV
47.45
BANKNIFTY
1.14
1.00
HINDUNILVR
21.35
SBIN
0.89
1.01
BIOCON
46.46
ICICIBANK
0.43
0.31
PETRONET
37.76
INFY
0.31
0.44
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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Technical & Derivatives Report
August 23, 2016
FII Statistics for 22-August 2016
Turnover on 22-August 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
8014.11
8470.93
(456.82)
390039
26030.41
6.15
391981
26600.34
111.07
FUTURES
FUTURES
INDEX
INDEX
42368.84
42334.58
34.26
1117121
73343.54
0.39
4251415
289435.04
35.37
OPTIONS
OPTIONS
STOCK
16713.38
17021.04
(307.66)
929130
60835.79
3.30
STOCK
FUTURES
948905
64599.65
47.72
FUTURES
STOCK
STOCK
4450.87
4486.01
(35.14)
103288
6978.61
0.03
OPTIONS
395480
28422.65
-5.46
OPTIONS
TOTAL
71547.19
72312.55
(765.36)
2539578
167188.35
2.28
TOTAL
5987781
409057.69
36.26
Nifty Spot = 8629.15
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8600
67.65
Buy
8600
35.70
44.00
56.00
8644.00
25.05
74.95
8574.95
Sell
8700
23.65
Sell
8500
10.65
Buy
8600
67.65
Buy
8600
35.70
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62.40
137.60
8662.40
31.80
168.20
8568.20
Sell
8800
5.25
Sell
8400
3.90
Buy
8700
23.65
Buy
8500
10.65
18.40
81.60
8718.40
6.75
93.25
8493.25
Sell
8800
5.25
Sell
8400
3.90
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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Technical & Derivatives Report
August 23, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,630
1,645
1,671
1,686
1,712
ADANIPORTS
262
266
273
277
284
AMBUJACEM
266
268
273
276
280
ASIANPAINT
1,097
1,106
1,113
1,122
1,129
AUROPHARMA
728
739
756
768
785
AXISBANK
573
576
583
587
594
BAJAJ-AUTO
2,886
2,905
2,928
2,947
2,970
BANKBARODA
155
158
160
162
165
BHEL
139
141
144
147
149
BPCL
587
592
599
604
611
BHARTIARTL
343
347
350
353
357
INFRATEL
333
336
342
346
351
BOSCH
23,229
23,462
23,878
24,111
24,527
CIPLA
546
552
558
564
571
COALINDIA
328
332
334
338
340
DRREDDY
2,965
2,989
3,007
3,031
3,049
EICHERMOT
21,355
21,575
21,767
21,988
22,180
GAIL
360
362
365
367
370
GRASIM
4,387
4,445
4,547
4,605
4,707
HCLTECH
753
762
775
785
797
HDFCBANK
1,235
1,243
1,249
1,256
1,262
HDFC
1,349
1,363
1,372
1,386
1,395
HEROMOTOCO
3,278
3,307
3,336
3,366
3,395
HINDALCO
154
155
156
158
159
HINDUNILVR
903
917
925
939
947
ICICIBANK
246
249
252
255
258
IDEA
93
94
94
95
96
INDUSINDBK
1,172
1,179
1,191
1,199
1,211
INFY
997
1,006
1,018
1,027
1,039
ITC
250
252
253
255
257
KOTAKBANK
761
767
775
780
788
LT
1,467
1,480
1,492
1,505
1,517
LUPIN
1,523
1,534
1,551
1,562
1,579
M&M
1,420
1,432
1,447
1,459
1,474
MARUTI
4,785
4,812
4,854
4,881
4,923
NTPC
158
161
165
168
171
ONGC
235
237
241
243
246
POWERGRID
180
181
182
183
184
RELIANCE
1,000
1,006
1,013
1,019
1,025
SBIN
250
252
256
259
263
SUNPHARMA
753
762
773
782
793
TCS
2,502
2,525
2,560
2,583
2,618
TATAMTRDVR
326
329
334
337
342
TATAMOTORS
496
500
507
511
517
TATAPOWER
75
76
78
79
80
TATASTEEL
381
385
388
392
395
TECHM
459
463
469
472
478
ULTRACEMCO
3,800
3,833
3,880
3,912
3,960
WIPRO
511
513
517
519
522
YESBANK
1,325
1,334
1,342
1,351
1,358
ZEEL
497
503
508
514
518
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Technical & Derivatives Report
August 23, 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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