Technical & Derivatives Report
May 25, 2016
Sensex (25305) / Nifty (7749)
Exhibit 1: Nifty Daily Chart
Yesterday’s session opened on a subdued note considering muted
global cues. Subsequently, the index remained within very narrow
trading range of merely
46 points throughout the session.
However, the overall bias remained mildly positive to end the
session almost at the 7750 mark.
Due to such slender trading range, we do not see any major
change in the chart structure and thus, we continue looking at
7700 - 7680 as a strong support zone and expect the index to
give a decent bounce towards 7820 - 7880 levels in coming
days. Traders are advised not to create short positions and keep
concentrating on stock specific moves in order to get potential
trades.
Key Levels
Support 1 - 7700
Resistance 1 - 7820
Support 2 - 7680
Resistance 2 - 7880
Exhibit 2: Nifty Bank Hourly Chart
Nifty Bank Outlook - (16457)
In yesterday's trading session, the Nifty Bank index traded in a
narrow range and ended the day with marginal gains of 0.30%.
As we had also indicated in our yesterday's report, the index is
trading near the support level of 16370, where we see a
formation of a ‘Bullish AB=CD’ pattern on hourly chart (please
refer the exhibit). This increases possibility of a pullback move in
the banking index in forthcoming sessions. Hence, short term
traders are advised to trade with a positive bias for a pullback
move in the index up to 16635 and 16700 levels. The mentioned
view will get negated below 16250.
Key Levels
Support 1 - 16250
Resistance 1 - 16635
Support 2 - 16180
Resistance 2 - 16700
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Technical & Derivatives Report
May 25, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 5.91%
BankNifty futures open interest has increased by 3.04%
as market closed at 7748.85 levels.
The Nifty May future closed at a premium of 10.45
points against a premium of 13.80 points. The June
series closed at a premium of 13.25 points.
The Implied Volatility of at the money options has
decreased from 15.21% to 15.05%.
The total OI of the market is Rs. 2,56,499/- cr. and the
stock futures OI is Rs. 66,111/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, NCC, TATAPOWER, KSCL and
STAR.
Views
OI Gainers
Yesterday, FIIs were net sellers in both cash as well Index
OI
PRICE
Futures segment. They sold equities to the tune of Rs.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
805 crores, while in index future they were net sellers of
BAJAJ-AUTO
1934400
14.96
2388.90
-1.50
worth Rs. 373 crores with rise in OI, indicating short
BHARTIARTL
29426400
14.61
344.80
-0.22
formation.
BAJFINANCE
402250
14.32
7617.75
-0.51
In Index Options front, FIIs were net sellers of worth
Rs. 750 crores with marginal change in OI. In call
KTKBANK
16454000
13.60
119.80
-0.91
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options, we hardly saw any meaningful OI addition;
TATACHEM
4525100
12.74
418.00
0.52
decent amount of unwinding was visible in 8000 call
options. While on the other hand in put options 7650
OI Losers
and 7700 strikes added some fresh build-up. Maximum
OI
PRICE
SCRIP
OI
PRICE
OI in current series is seen at 8000 call and 7700 put
CHG. (%)
CHG. (%)
options.
PNB
36887000
-12.17
72.05
-0.35
Despite Nifty bounced from its support zone yesterday,
BHEL
23140000
-9.79
117.40
-1.22
FIIs were net sellers. Seeing the overall statistic, we would
GRANULES
6315000
-8.87
128.20
-0.04
suggest trading light in this market till we see any
HDIL
20502000
-7.95
95.75
1.65
meaningful development in data. Rollover in Nifty and
INDIACEM
31096000
-7.60
85.05
1.01
BankNifty are 31.52% and 22.74% respectively.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
COLPAL
21.72
NIFTY
0.87
0.85
AUROPHARMA
36.19
BANKNIFTY
0.82
0.76
RCOM
48.77
SBIN
0.39
0.45
JUSTDIAL
75.57
RELIANCE
0.46
0.58
GRASIM
18.86
ICICIBANK
0.51
0.61
Strategy Date
Symbol
Strategy
Status
02-05-2016
NIFTY
Long Strangle
Active
09-05-2016
RELIANCE
Long Put
Loss Booked on 17th May
16-05-2016
LT
Short Strangle
Marginal Profit Booked on 24th May
23-05-2016
RCOM
Long Straddle
Active
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Technical & Derivatives Report
May 25, 2016
FII Statistics for 24-May 2016
Turnover on 24-May 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
5168.73
5541.96
(373.22)
303114
17265.84
9.10
373570
17509.15
-15.82
FUTURES
FUTURES
INDEX
INDEX
30082.58
30833.18
(750.60)
1248806
71665.92
(0.26)
5433893
279734.69
-10.51
OPTIONS
OPTIONS
STOCK
17073.16
16721.69
351.47
1103557
51607.38
2.37
STOCK
FUTURES
1028262
54316.46
11.01
FUTURES
STOCK
STOCK
2936.63
2991.92
(55.29)
108571
5139.06
6.25
OPTIONS
392117
18428.29
-3.94
OPTIONS
TOTAL
55261.11
56088.75
(827.64)
2764048
145678.19
1.99
TOTAL
7227842
369988.58
-7.85
Nifty Spot = 7748.85
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7700
74.15
Buy
7800
60.90
53.90
46.10
7753.90
43.75
56.25
7756.25
Sell
7800
20.25
Sell
7700
17.15
Buy
7700
74.15
Buy
7800
60.90
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70.85
129.15
7770.85
57.40
142.60
7742.60
Sell
7900
3.30
Sell
7600
3.50
Buy
7800
20.25
Buy
7700
17.15
16.95
83.05
7816.95
13.65
86.35
7686.35
Sell
7900
3.30
Sell
7600
3.50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
May 25, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,399
1,423
1,436
1,460
1,474
ADANIPORTS
175
178
180
183
184
AMBUJACEM
210
213
215
218
220
ASIANPAINT
933
945
953
965
974
AUROPHARMA
686
707
733
754
781
AXISBANK
478
484
487
493
496
BAJAJ-AUTO
2,332
2,356
2,388
2,412
2,445
BANKBARODA
126
128
130
132
134
BHEL
114
116
117
119
121
BPCL
869
883
904
917
938
BHARTIARTL
339
342
345
347
350
INFRATEL
378
381
384
387
389
BOSCH
20,207
20,714
21,032
21,540
21,857
CIPLA
483
489
497
502
511
COALINDIA
276
278
280
281
283
DRREDDY
3,002
3,014
3,027
3,038
3,052
EICHERMOT
17,874
18,026
18,162
18,314
18,450
GAIL
361
366
371
376
381
GRASIM
4,141
4,216
4,267
4,342
4,393
HCLTECH
726
732
737
744
748
HDFCBANK
1,132
1,136
1,140
1,144
1,148
HDFC
1,151
1,162
1,170
1,181
1,189
HEROMOTOCO
2,863
2,881
2,894
2,912
2,925
HINDALCO
82
84
86
88
90
HINDUNILVR
812
818
821
827
830
ICICIBANK
220
222
224
226
227
IDEA
102
105
108
110
113
INDUSINDBK
1,029
1,036
1,046
1,054
1,064
INFY
1,172
1,180
1,186
1,194
1,200
ITC
344
346
349
351
354
KOTAKBANK
688
693
698
703
708
LT
1,213
1,227
1,238
1,253
1,263
LUPIN
1,410
1,438
1,471
1,499
1,532
M&M
1,242
1,268
1,286
1,312
1,329
MARUTI
3,874
3,899
3,918
3,944
3,963
NTPC
134
136
138
141
143
ONGC
202
205
207
209
211
POWERGRID
144
146
147
149
150
RELIANCE
922
931
938
947
953
SBIN
165
167
169
171
173
SUNPHARMA
761
767
777
783
793
TCS
2,443
2,455
2,472
2,484
2,501
TATAMTRDVR
256
259
261
264
266
TATAMOTORS
379
384
388
393
397
TATAPOWER
70
71
72
73
73
TATASTEEL
309
313
316
320
323
TECHM
456
468
477
489
498
ULTRACEMCO
3,084
3,129
3,155
3,201
3,227
WIPRO
533
535
538
540
543
YESBANK
964
970
978
985
992
ZEEL
428
433
437
443
447
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Technical & Derivatives Report
May 25, 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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