Technical & Derivatives Report
July 25, 2016
Sensex (27803) / Nifty (8541)
Exhibit 1: Nifty Hourly Chart
It was yet another week of consolidation for our market as the
Nifty oscillated within a narrow range of 110 points over the five
trading sessions. However the index movement didn’t exactly
epitomize the activity in the broader market as we saw good
traction in some of the midcap and small cap stocks which
continued to trend higher. We still do not see any convincing
signs of weakness on the charts and thus the concluded week’s
range bound action can best be perceived as a phase of
consolidation within the larger degree uptrend. Post this
consolidation, we believe Nifty should resume the uptrend to first
reach the 8655 mark and then surge even higher towards 8800
in the near future. Traders are repeatedly advised not to create
aggressive short positions in case of any minor weakness. In fact,
these corrective moves should be used as buying opportunities.
The immediate support zone is placed in the range of 8470 -
8443. During the week gone by, the bears defended the
resistance level of 8580, which would again act as the immediate
resistance level.
Key Levels
Support 1 - 8470
Resistance 1 - 8580
Support 2 - 8443
Resistance 2 - 8630
Nifty Bank Outlook - (18690)
Exhibit 2: Nifty Bank Hourly Chart
During the week gone by, the Nifty Bank index corrected by 1.39
percent over its previous weeks close. The Nifty PSU Bank index
was the underperformer wherein the index corrected 5.35 percent
on weekly closing basis.
Although the index has corrected marginally during last week, the
broader trend for the index continues to remain positive as there
are no signs of trend reversal on daily as well as weekly charts.
This down move should be interpreted as a correction within an
uptrend and hence we continue to advise traders to avoid going
short in anticipation of reversal of the trend. The 'SuperTrend'
indicator and the '20EMA' support on the daily charts is placed in
range of 18375-18413 and thus corrective move in this range
should be used as buying opportunity. On the flipside, the near
term resistance for the index is seen around 18833 and 19020.
Key Levels
Support 1 - 18413
Resistance 1 - 18833
Support 2 - 18375
Resistance 2 - 19020
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Technical & Derivatives Report
July 25, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.73%
BankNifty futures open interest has decreased by 4.24%
as market closed at 8541.20 levels.
The Nifty July future closed with a premium of 13.10
points against a premium of 9.65 points in previous
session. The August series closed at a premium of 53.00
points.
The Implied Volatility of at the money options has
decreased from 13.99% to 13.35%.
The total OI of the market is Rs. 2,77,109/- cr. and the
stock futures OI is Rs. 74,002/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, HAVELLS, APOLLOTYRE,
SOUTHBANK and INDIACEM.
Views
OI Gainers
Friday, FIIs were net buyer in both cash market and Index
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Futures segment. They bought equities to the tune of Rs.
HAVELLS
8846000
25.12
378.25
3.32
438 crores. While, they were net buyers of Rs. 559 crores
in Index Futures with rise in open interest, indicating fresh
IFCI
81576000
15.84
29.25
4.09
long build-up in last trading session.
M&MFIN
15692500
13.78
317.40
0.17
In Index Options segment, FIIs were net sellers of worth
HINDZINC
6172800
13.27
194.55
0.44
Rs. 1114 crores with marginal change in open interest.ng.com
KSCL
5224500
13.08
388.65
-2.76
In call options, some build-up was seen in 8650 strike;
followed by unwinding in
8400 and
8500 call
OI Losers
options. On the other hand, in put options, 8350-8500
OI
PRICE
strikes were active and they also added some fresh build-
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
up. Highest OI in current series is placed at 8600 call
WOCKPHARMA
2584200
-11.43
973.10
-1.66
and 8400 put options. Seeing the options data, we still
EXIDEIND
11064000
-10.11
181.85
3.80
believe Nifty may trade in a range of 8400-8600 for last
PNB
46998000
-7.51
120.40
-2.98
few trading sessions of July series. Short straddle in Nifty
INDIACEM
29120000
-6.41
115.00
0.00
can be a good strategy to trade for current expiry.
IGL
1941500
-5.26
621.40
1.12
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BIOCON
73.75
NIFTY
1.04
1.01
BHARATFIN
59.47
BANKNIFTY
1.15
0.93
CAIRN
58.27
INFY
0.49
0.32
UPL
32.01
RELIANCE
0.46
0.49
HAVELLS
26.94
SBIN
0.74
0.69
Strategy Date
Symbol
Strategy
Status
04-07-2016
RCOM
Ratio Bull Call Spread
Active
11-07-2016
BANKNIFTY
Bull Call Spread
Didn’t trigger
18-07-2016
TCS
Long Put
Active
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Technical & Derivatives Report
July 25, 2016
FII Statistics for 22-July 2016
Turnover on 22-July 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
2260.02
1701.36
558.66
347715
22693.32
2.83
217241
14744.54
-5.61
FUTURES
FUTURES
INDEX
INDEX
28933.25
30046.96
(1113.71)
1064758
69005.10
(0.28)
3271397
218361.56
-44.09
OPTIONS
OPTIONS
STOCK
6902.33
7385.88
(483.55)
847230
54248.84
(1.23)
STOCK
FUTURES
682307
47082.32
12.99
FUTURES
STOCK
STOCK
5883.54
5932.76
(49.22)
115117
7507.04
1.31
OPTIONS
485145
34265.19
10.23
OPTIONS
TOTAL
43979.14
45066.97
(1087.83)
2374820
153454.30
(0.11)
TOTAL
4656090
314453.61
-34.34
Nifty Spot = 8541.20
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8500
88.90
Buy
8600
80.55
54.30
45.70
8554.30
43.10
56.90
8556.90
Sell
8600
34.60
Sell
8500
37.45
Buy
8500
88.90
Buy
8600
80.55
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79.05
120.95
8579.05
65.45
134.55
8534.55
Sell
8700
9.85
Sell
8400
15.10
Buy
8600
34.60
Buy
8500
37.45
24.75
75.25
8624.75
22.35
77.65
8477.65
Sell
8700
9.85
Sell
8400
15.10
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
July 25, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,660
1,670
1,686
1,697
1,713
ADANIPORTS
220
223
224
227
229
AMBUJACEM
260
263
265
267
270
ASIANPAINT
1,036
1,041
1,048
1,053
1,060
AUROPHARMA
781
790
800
809
819
AXISBANK
526
531
538
544
551
BAJAJ-AUTO
2,682
2,700
2,734
2,752
2,785
BANKBARODA
148
149
151
153
155
BHEL
138
140
141
142
144
BPCL
563
573
579
589
595
BHARTIARTL
362
365
367
370
373
INFRATEL
346
354
359
367
372
BOSCH
23,721
24,018
24,407
24,705
25,094
CIPLA
509
515
519
526
530
COALINDIA
328
330
332
334
336
DRREDDY
3,541
3,567
3,604
3,629
3,667
EICHERMOT
19,512
19,662
19,760
19,911
20,009
GAIL
385
390
396
402
408
GRASIM
4,799
4,845
4,898
4,944
4,997
HCLTECH
718
724
727
732
735
HDFCBANK
1,216
1,223
1,229
1,236
1,242
HDFC
1,315
1,337
1,349
1,372
1,384
HEROMOTOCO
3,234
3,247
3,266
3,279
3,297
HINDALCO
128
132
134
139
141
HINDUNILVR
887
895
905
913
923
ICICIBANK
257
261
263
266
268
IDEA
104
105
106
108
109
INDUSINDBK
1,124
1,132
1,138
1,146
1,152
INFY
1,060
1,066
1,073
1,079
1,086
ITC
242
246
251
255
260
KOTAKBANK
748
754
759
766
771
LT
1,543
1,558
1,568
1,584
1,594
LUPIN
1,668
1,684
1,694
1,711
1,721
M&M
1,431
1,436
1,441
1,446
1,451
MARUTI
4,379
4,397
4,423
4,441
4,467
NTPC
153
155
156
158
159
ONGC
219
221
222
224
225
POWERGRID
161
163
166
169
171
RELIANCE
1,000
1,007
1,013
1,020
1,025
SBIN
220
222
224
226
228
SUNPHARMA
775
781
789
795
803
TCS
2,478
2,497
2,510
2,529
2,542
TATAMTRDVR
315
322
327
334
338
TATAMOTORS
488
498
503
513
518
TATAPOWER
70
71
72
73
73
TATASTEEL
351
358
364
371
376
TECHM
502
504
506
508
510
ULTRACEMCO
3,584
3,615
3,633
3,664
3,682
WIPRO
532
535
538
541
544
YESBANK
1,140
1,149
1,157
1,166
1,175
ZEEL
447
456
461
470
475
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Technical & Derivatives Report
July 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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