Technical & Derivatives Report
August 24, 2016
Sensex (27990) / Nifty (8633)
Exhibit 1: Nifty Hourly Chart
Yesterday's session opened on a flat note citing mixed global
cues. Subsequently, the index remained slightly under pressure to
sneak below the 8600 mark. However, a modest recovery in the
latter part of the session led to flat opening with negligible gains.
We have been mentioning about the important support at 8600
since last few days. However, the index could not sustain below
this level and immediately rebounded higher to reclaim it on a
closing basis. Due to this price action, 8600 has now earned a
good importance and thus, as long as the Nifty manages to hold
this level on a closing basis, the possibility of testing higher end of
8685 - 8728 cannot be ruled out. Traders are advised to focus
on stock specific moves which may provide lot of potential trades.
Key Levels
Support 1 - 8600
Resistance 1 - 8685
Support 2 - 8518
Resistance 2 - 8728
Nifty Bank Outlook - (19342)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded in a narrow range and ended the
session almost near the previous day's close.
The Nifty Bank index has been consolidating in a range since last
three trading sessions. Considering the monthly 'SuperTrend'
resistance around 19485, traders are advised to stay light on
positions and focus on stock specific moves. However, since the
broader trend of the index is positive, traders should not pre empt
any reversal and thus avoid creating short positions. A move
above the resistance of 19485 will then lead to continuation of
the uptrend. The intraday support for the Nifty Bank index are
placed around 19250 and 19127 whereas resistances 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 24, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 5.61%
BankNifty futures open interest has increased by 2.05%
as market closed at 8632.60 levels.
The Nifty August future closed with a premium of 9.15
points against a premium of 4.05 points in previous
session. The September series closed at a premium of
62.70 points.
The Implied Volatility of at the money options has
decreased from 14.48% to 13.60%.
The total OI of the market is Rs. 3,05,766/- cr. and the
stock futures OI is Rs. 84,728/- cr.
Few of the liquid counters where we have seen high cost
of carry are CROMPGREAV, ALBK, JPASSOCIAT,
PAGEIND and IDBI.
Views
FIIs activity remained subdued in cash market segment.
While, in Index Futures they were net sellers of Rs. 631
OI Gainers
crores with good amount of rise in OI, suggesting
OI
PRICE
SCRIP
OI
PRICE
continouation of fresh short formation in last trading
CHG. (%)
CHG. (%)
session.
ICIL
674400
50.67
794.25
-15.08
On Index Options front, FIIs were net sellers of Rs. 539
MOTHERSUMI
11612500
25.64
327.30
-0.08
crores with marginal change in OI. In call options, we
ALBK
16520000
20.85
80.80
1.51
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witnessed good amount of OI addition 8750 strike,
INDIACEM
30933000
17.87
139.95
7.90
followed by unwinding in 8800 to 9000 call options.
RCOM
133470000
15.84
51.55
2.08
While in put options, we witness significant open interest
addition in 8400 strike and we believe its long formed
OI Losers
expecting market to correct further. Highest OI in current
OI
PRICE
series has shifted to 8800 call and 8400 put options.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
From past two trading sessions, FIIs have been forming
ORIENTBANK
13176000
-8.80
119.35
1.02
fresh short in Index Futures and the quantum is also
JPASSOCIAT
164968000
-8.80
11.60
4.98
decent. We believe, Nifty may remain under pressure
BANKINDIA
24258000
-8.49
112.45
0.49
and can test its support zone of 8500-8550 in near term.
Rollovers in Nifty and BankNifty are on the higher side at
ASIANPAINT
3482400
-8.03
1127.75
1.15
58.21% & 36.89% respectively.
PNB
49931000
-6.95
126.90
-0.20
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ICIL
83.40
NIFTY
1.00
0.93
IDEA
51.25
BANKNIFTY
1.13
1.08
INDIACEM
62.22
SBIN
0.85
0.57
BHEL
42.92
ICICIBANK
0.42
0.38
HINDPETRO
48.38
INFY
0.35
0.41
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 24, 2016
FII Statistics for 23-August 2016
Turnover on 23-August 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
9805.51
10436.48
(630.97)
414800
27726.49
6.35
445706
29838.69
12.17
FUTURES
FUTURES
INDEX
INDEX
38467.97
39006.50
(538.53)
1113450
73129.31
(0.33)
4550168
308609.69
6.62
OPTIONS
OPTIONS
STOCK
21992.13
22516.36
(524.24)
967322
63471.03
4.11
STOCK
FUTURES
1202532
81286.41
25.83
FUTURES
STOCK
STOCK
4726.17
4803.46
(77.29)
104123
7043.61
0.81
OPTIONS
443162
31614.94
11.23
OPTIONS
TOTAL
74991.78
76762.81
(1771.03)
2599695
171370.44
2.37
TOTAL
6641568
451349.74
10.34
Nifty Spot = 8632.60
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8600
62.75
Buy
8700
73.50
45.25
54.75
8645.25
50.25
49.75
8649.75
Sell
8700
17.50
Sell
8600
23.25
Buy
8600
62.75
Buy
8700
73.50
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59.60
140.40
8659.60
68.60
131.40
8631.40
Sell
8800
3.15
Sell
8500
4.90
Buy
8700
17.50
Buy
8600
23.25
14.35
85.65
8714.35
18.35
81.65
8581.65
Sell
8800
3.15
Sell
8500
4.90
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 24, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,604
1,629
1,655
1,681
1,707
ADANIPORTS
267
270
273
276
279
AMBUJACEM
262
266
270
275
279
ASIANPAINT
1,100
1,113
1,121
1,135
1,143
AUROPHARMA
719
728
739
748
759
AXISBANK
578
580
583
585
587
BAJAJ-AUTO
2,834
2,857
2,890
2,912
2,946
BANKBARODA
156
160
163
167
169
BHEL
131
134
139
142
146
BPCL
553
564
583
595
614
BHARTIARTL
341
347
351
358
362
INFRATEL
333
340
344
350
354
BOSCH
23,262
23,430
23,643
23,811
24,024
CIPLA
549
553
555
558
561
COALINDIA
331
334
336
339
341
DRREDDY
2,981
2,995
3,009
3,024
3,038
EICHERMOT
21,501
21,756
21,908
22,163
22,315
GAIL
360
364
367
370
374
GRASIM
4,425
4,476
4,525
4,576
4,626
HCLTECH
762
776
786
801
810
HDFCBANK
1,243
1,247
1,251
1,255
1,258
HDFC
1,355
1,365
1,372
1,383
1,390
HEROMOTOCO
3,273
3,290
3,313
3,330
3,353
HINDALCO
152
154
155
157
159
HINDUNILVR
912
917
924
929
937
ICICIBANK
247
249
250
252
254
IDEA
92
96
99
104
107
INDUSINDBK
1,172
1,181
1,188
1,196
1,204
INFY
1,012
1,026
1,034
1,048
1,056
ITC
248
249
252
254
257
KOTAKBANK
768
773
776
782
785
LT
1,447
1,462
1,478
1,494
1,510
LUPIN
1,520
1,538
1,548
1,566
1,577
M&M
1,423
1,433
1,441
1,451
1,459
MARUTI
4,774
4,804
4,830
4,859
4,885
NTPC
154
157
160
162
166
ONGC
235
237
238
240
241
POWERGRID
178
180
182
184
185
RELIANCE
1,000
1,005
1,010
1,015
1,020
SBIN
249
252
254
257
259
SUNPHARMA
754
758
764
769
775
TCS
2,517
2,559
2,582
2,624
2,647
TATAMTRDVR
322
325
329
332
335
TATAMOTORS
496
500
504
508
513
TATAPOWER
71
73
76
77
80
TATASTEEL
372
379
385
391
398
TECHM
454
460
467
473
480
ULTRACEMCO
3,710
3,768
3,829
3,887
3,947
WIPRO
513
516
518
522
524
YESBANK
1,327
1,334
1,343
1,350
1,359
ZEEL
500
507
513
520
525
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Technical & Derivatives Report
August 24, 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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