Technical & Derivatives Report
November 25, 2016
Sensex (25860) / Nifty (7965)
Exhibit 1: Nifty Daily Chart
A recent uptick in US Dollar index has been adversely affecting
our equity markets and as a result, yesterday our benchmark
index opened on a soft note. Subsequently, the index managed to
give a gradual recovery post the initial trades. However, once
again, the expiry factor played out heavily in the last half an hour
of trade during which the index corrected sharply to close well
below the 8000 mark.
Now, due to yesterday’s price action, the ‘RSI-Smoothened’
oscillator on daily chart has dropped to new low of
8.11.
Although, it’s difficult to time the bounce, our conviction on
expecting a small recovery has increased. We still believe that
sooner or later the Nifty is likely to give a bounce towards 8150 -
8250 levels. Before that the intraday resistance zone is seen
around 8024 - 8056; whereas, on the other hand, 7916 is likely
to provide a strong support in the near term. Traders are
repeatedly advised not to trade on the short side as the probable
bounce could be much sharper.
Key Levels
Support 1 - 7916
Resistance 1 - 8024
Support 2 - 7880
Resistance 2 - 8056
Nifty Bank Outlook - (18256)
Exhibit 2: Nifty Bank Daily Chart
On the F&O expiry day, the Nifty Bank index opened on a
negative note and traded with negative bias throughout the
session. The index lost another 1.54 percent over its previous
session's close.
The Nifty Bank index continued with its negative momentum
yesterday as the heavyweights continued to remain under
pressure throughout the session. However, owing to the oversold
momentum set ups, we continue to advise traders to remain light
on positions on the index front and focus on stock specific moves.
The intraday supports for the Nifty Bank index are placed around
18143 and 18040 whereas resistances are seen around 18415
and 18467.
Key Levels
Support 1 - 18143
Resistance 1 - 18415
Support 2 - 18040
Resistance 2 - 18467
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Technical & Derivatives Report
November 25, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 30.01%
BankNifty futures open interest has decreased by 29.85%
as market closed at 7965.50 levels.
The Nifty December future closed with a premium of
47.60 against the premium of 31.40 points in last
trading session. The January series closed at a premium
of 79.45 points.
The Implied Volatility of at the money options has
decreased from 18.24% to 15.88%. At the same time,
the PCR-OI of Nifty has increased from 0.73 to 0.97
levels.
The total OI of the market is Rs. 1,85,069/- cr. and the
stock futures OI is Rs. 60,864/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, HDFCBANK, TV18BRDCST,
ADANIPOWER and NCC.
Views
OI Gainers
FIIs continue their selling streak in both cash market
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
segment and in Index Futures. They sold equities worth
-
-
-
-
-
Rs. 2010 crores. While, in index futures, they sold to the
-
-
-
-
-
tune of Rs. 1563 with significant fall in open interest, due
-
-
-
-
-
to expiry yesterday.
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-
-
-
-
-
In Index options segment, FIIs bought marginally with fall
-
-
-
-
-
in open interest. Being start of new series build-up is
-
-
-
-
-
quite scattered in both call and put option. In call
-
-
-
-
-
options, 8000-8500 strikes remained active and they
-
-
-
-
-
also added good amount of positions. While, 7500-
8000 put options added some build-up. Highest OI in
December series in both call and put option is visible in
OI Losers
8000 strike.
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Noverber series ended with rollovers being on the lower
PFC
8742000
-55.06
127.10
-0.04
side both in terms of percentage as well as open interest.
PCJEWELLER
727500
-45.63
343.35
0.56
Most of the longs formed in last 2-3 series have been
CANBK
6504000
-35.63
306.90
0.39
lighten up by FIIs, while mixed positions were formed in
PAGEIND
34300
-33.85
12496.05
-2.31
last few trading sessions of November series. At current
CROMPGREAV
6192000
-33.51
75.05
2.32
juncture, Nifty is light in terms of open interest and
NHPC
18144000
-32.67
26.50
1.34
traders should wait for any relevant build-up in either
direction before forming fresh trade in Index.
CEATLTD
805700
-32.57
1156.80
0.14
PETRONET
4090500
-31.29
371.35
-2.02
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
KOTAKBANK
28.50
NIFTY
0.97
0.79
TATAELXSI
59.53
BANKNIFTY
0.61
0.58
HINDZINC
57.22
RELIANCE
0.60
0.56
RELIANCE
22.72
SBIN
0.58
0.36
RELINFRA
65.02
HDFCBANK
0.76
0.50
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Technical & Derivatives Report
November 25, 2016
FII Statistics for November 24, 2016
Turnover on November 24, 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
5569.98
7132.97
(1562.99)
137316
8564.24
(54.83)
587008
37624.38
53.42
FUTURES
FUTURES
INDEX
INDEX
59860.35
59794.75
65.60
714969
42947.98
(45.88)
9551052
622190.59
52.09
OPTIONS
OPTIONS
STOCK
22156.15
23308.97
(1152.82)
796464
46952.95
(18.97)
STOCK
FUTURES
1510982
92629.45
22.05
FUTURES
STOCK
STOCK
3727.12
3688.57
38.55
3459
201.21
(97.29)
OPTIONS
442790
30893.09
14.48
OPTIONS
TOTAL
91313.59
93925.25
(2611.66)
1652208
98666.38
(39.60)
TOTAL
12091832
783337.51
46.01
Nifty Spot = 7965.50
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8100
109.25
Buy
8100
111.50
40.40
59.60
8140.40
28.70
71.30
8071.30
Sell
8200
68.85
Sell
8000
82.80
Buy
8100
109.25
Buy
8100
111.50
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68.75
131.25
8168.75
50.05
149.95
8049.95
Sell
8300
40.50
Sell
7900
61.45
Buy
8200
68.85
Buy
8000
82.80
28.35
71.65
8228.35
21.35
78.65
7978.65
Sell
8300
40.50
Sell
7900
61.45
Note: Above mentioned Bullish or Bearish Spreads in Nifty (December Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
November 25, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,260
1,293
1,314
1,346
1,368
ADANIPORTS
252
255
259
262
267
AMBUJACEM
189
195
201
207
213
ASIANPAINT
911
923
944
956
978
AUROPHARMA
690
700
715
725
740
AXISBANK
458
463
471
477
485
BAJAJ-AUTO
2,505
2,568
2,613
2,676
2,721
BANKBARODA
155
161
165
171
175
BHEL
122
123
125
126
127
BPCL
619
628
636
646
654
BHARTIARTL
296
299
302
305
308
INFRATEL
352
356
360
364
368
BOSCH
18,190
18,458
18,896
19,164
19,602
CIPLA
539
546
552
560
566
COALINDIA
295
298
301
304
307
DRREDDY
3,052
3,082
3,115
3,145
3,179
EICHERMOT
19,898
20,127
20,451
20,680
21,004
GAIL
394
398
405
410
417
GRASIM
794
802
811
819
828
HCLTECH
745
756
764
776
784
HDFCBANK
1,146
1,156
1,171
1,181
1,196
HDFC
1,202
1,210
1,220
1,228
1,238
HEROMOTOCO
2,937
2,994
3,031
3,089
3,126
HINDALCO
169
175
178
184
187
HINDUNILVR
813
819
827
833
841
ICICIBANK
255
257
260
263
266
IDEA
70
71
72
73
74
INDUSINDBK
1,018
1,031
1,050
1,063
1,081
INFY
915
922
931
939
948
ITC
220
222
224
225
227
KOTAKBANK
723
733
746
756
769
LT
1,326
1,338
1,352
1,364
1,378
LUPIN
1,427
1,443
1,468
1,484
1,510
M&M
1,132
1,148
1,174
1,190
1,216
MARUTI
4,759
4,795
4,839
4,875
4,919
NTPC
153
155
157
160
162
ONGC
271
274
278
281
285
POWERGRID
177
181
184
188
191
RELIANCE
968
978
992
1,001
1,015
SBIN
251
257
260
265
268
SUNPHARMA
668
675
687
695
707
TCS
2,107
2,148
2,178
2,218
2,248
TATAMTRDVR
272
279
291
298
309
TATAMOTORS
440
446
456
463
473
TATAPOWER
68
69
69
70
71
TATASTEEL
380
389
395
404
410
TECHM
443
451
458
465
472
ULTRACEMCO
3,365
3,424
3,465
3,524
3,565
WIPRO
442
447
451
455
459
YESBANK
1,099
1,109
1,120
1,130
1,140
ZEEL
423
431
445
453
467
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Technical & Derivatives Report
November 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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