Technical & Derivatives Report
August 25, 2016
Sensex (28060) / Nifty (8650)
Exhibit 1: Nifty Hourly Chart
Despite mixed cues from Asian bourses, our markets opened with
a marginal upside gap. However, similar to previous session, the
index remained slightly under pressure throughout the first half
and then a modest recovery towards the fag end resulted in a
positive close for the market.
The consolidation phase continues for our market and due to
lethargic movement, the chart structure remains unchanged. We
maintain our view that as long as Nifty manages to hold the 8600
on a sustainable basis, a possibility of testing higher end of 8685
- 8728 remains quite high. Traders are advised to trade with a
stock centric approach and follow strict stop losses.
Key Levels
Support 1 - 8600
Resistance 1 - 8685
Support 2 - 8550
Resistance 2 - 8728
Nifty Bank Outlook - (19356)
Exhibit 2: Nifty Bank Daily Chart
The range bound trading activity continued in yesterday's session
and the index ended another trading session on a flat note.
Due to the narrow range, the chart structure for the index remains
the same. Thus, we reiterate our view to stay light on position and
focus on stock specific moves as the index is trading near the
monthly 'SuperTrend' resistance around 19485. Also, 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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1
Technical & Derivatives Report
August 25, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.19%
BankNifty futures open interest has decreased by 2.65%
as market closed at 8650.30 levels.
The Nifty August future closed with a premium of 4.35
points against a premium of 9.15 points in previous
session. The September series closed at a premium of
52.45 points.
The Implied Volatility of at the money options has
decreased from 13.60% to 13.20%.
The total OI of the market is Rs. 3,07,807/- cr. and the
stock futures OI is Rs. 86,305/- cr.
Few of the liquid counters where we have seen high cost
of carry are KSCL, JINDALSTEL, JPASSOCIAT,
CROMPGREAV and PETRONET.
Views
FIIs activity remained subdued in cash market segment.
While, in Index Futures they were net sellers of Rs. 254
OI Gainers
crores with rise in OI, suggesting continuation of fresh
OI
PRICE
SCRIP
OI
PRICE
short formation in last trading session too.
CHG. (%)
CHG. (%)
On Index Options front, FIIs were net buyers of Rs. 1084
OIL
1822400
28.69
387.80
4.18
crores with rise in OI. In call options, we hardly saw any
IDBI
59432000
25.05
72.10
-0.35
strikes adding fresh OI, unwinding was visible at 8750
STAR
2377500
23.63
965.65
0.74
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and 8600 call options. While in put options, we witness
CANBK
19788000
23.22
270.55
1.77
some open interest addition in 8600 and 8650 strikes.
TORNTPHARM
235600
20.94
1700.30
7.35
Highest OI in current series has shifted to 8800 call and
8400 put options.
OI Losers
From past three trading sessions, FIIs have been forming
OI
PRICE
fresh short in Index Futures and the quantum is also
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
decent. We believe, Nifty may remain under pressure in
CASTROLIND
9072000
-13.02
426.45
2.82
near term. One should avoid forming aggressive trades
ALBK
14550000
-11.92
81.55
0.93
for expiry as we expect August series to close in the range
INDIACEM
27538000
-10.98
145.10
3.68
of 8600-8630. Rollovers in Nifty and BankNifty are on
the higher side at 67.54% & 47.62% respectively.
IDEA
49855000
-10.32
98.20
-2.72
ICIL
606000
-10.14
851.80
7.25
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ENGINERSIN
53.04
NIFTY
1.04
0.90
AUROPHARMA
44.53
BANKNIFTY
1.05
0.98
TORNTPHARM
47.15
SBIN
0.84
0.62
OIL
27.78
ICICIBANK
0.46
0.29
VOLTAS
45.39
INFY
0.40
0.47
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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2
Technical & Derivatives Report
August 25, 2016
FII Statistics for 24-August 2016
Turnover on 24-August 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
6062.14
6316.69
(254.55)
426210
28512.36
2.75
319249
21715.10
-27.23
FUTURES
FUTURES
INDEX
INDEX
42876.78
41792.81
1083.97
1147685
75592.01
3.07
5110730
348027.42
12.77
OPTIONS
OPTIONS
STOCK
21228.09
20856.27
371.82
986444
64936.52
1.98
STOCK
FUTURES
1199779
80411.29
-1.08
FUTURES
STOCK
STOCK
4465.81
4548.42
(82.61)
102314
6936.63
(1.74)
OPTIONS
437825
30584.35
-3.26
OPTIONS
TOTAL
74632.81
73514.19
1118.62
2662653
175977.52
2.42
TOTAL
7067583
480738.16
6.51
Nifty Spot = 8650.30
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8600
61.60
Buy
8700
55.25
49.85
50.15
8649.85
45.15
54.85
8654.85
Sell
8700
11.75
Sell
8600
10.10
Buy
8600
61.60
Buy
8700
55.25
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60.40
139.60
8660.40
53.65
146.35
8646.35
Sell
8800
1.20
Sell
8500
1.60
Buy
8700
11.75
Buy
8600
10.10
10.55
89.45
8710.55
8.50
91.50
8591.50
Sell
8800
1.20
Sell
8500
1.60
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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3
Technical & Derivatives Report
August 25, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,630
1,639
1,649
1,657
1,667
ADANIPORTS
266
268
271
273
276
AMBUJACEM
262
264
268
270
274
ASIANPAINT
1,107
1,113
1,122
1,128
1,136
AUROPHARMA
735
762
776
802
817
AXISBANK
576
580
582
586
589
BAJAJ-AUTO
2,824
2,847
2,874
2,897
2,924
BANKBARODA
161
162
164
165
166
BHEL
134
135
137
138
140
BPCL
570
576
581
587
592
BHARTIARTL
345
349
354
357
362
INFRATEL
339
343
346
350
353
BOSCH
23,093
23,386
23,593
23,886
24,093
CIPLA
546
557
564
575
583
COALINDIA
330
332
334
336
339
DRREDDY
2,994
3,017
3,030
3,053
3,067
EICHERMOT
21,744
21,938
22,084
22,278
22,424
GAIL
362
364
366
368
370
GRASIM
4,450
4,512
4,557
4,619
4,664
HCLTECH
773
782
790
799
807
HDFCBANK
1,241
1,251
1,258
1,268
1,275
HDFC
1,358
1,370
1,379
1,391
1,399
HEROMOTOCO
3,265
3,288
3,308
3,330
3,350
HINDALCO
154
156
157
158
159
HINDUNILVR
901
910
918
927
934
ICICIBANK
245
247
249
251
253
IDEA
96
97
98
99
100
INDUSINDBK
1,171
1,177
1,185
1,191
1,199
INFY
1,040
1,049
1,055
1,064
1,071
ITC
248
249
250
252
253
KOTAKBANK
767
772
777
782
787
LT
1,452
1,463
1,476
1,486
1,499
LUPIN
1,481
1,501
1,526
1,547
1,571
M&M
1,420
1,428
1,440
1,447
1,459
MARUTI
4,842
4,895
4,940
4,993
5,037
NTPC
156
158
161
164
166
ONGC
237
239
241
243
245
POWERGRID
180
181
182
183
184
RELIANCE
1,007
1,014
1,018
1,025
1,029
SBIN
252
253
255
256
257
SUNPHARMA
758
764
770
776
781
TCS
2,548
2,560
2,581
2,593
2,614
TATAMTRDVR
314
319
324
329
334
TATAMOTORS
487
493
499
505
512
TATAPOWER
73
75
76
78
79
TATASTEEL
373
377
382
385
391
TECHM
459
463
467
471
476
ULTRACEMCO
3,763
3,788
3,819
3,844
3,875
WIPRO
515
517
520
522
525
YESBANK
1,324
1,331
1,337
1,344
1,350
ZEEL
511
516
520
526
530
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Technical & Derivatives Report
August 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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