Technical & Derivatives Report
February 26, 2016
Sensex (22976) / Nifty (6971)
Exhibit 1: Nifty Daily Chart
Yesterday, our markets opened with a minor cut in-line with
mixed global cues. Despite the derivative expiry day, we did
not see much volatility in the market. In fact, the Nifty kept on
sliding gradually throughout the day to close almost at the
lowest point of the day.
After three days of correction, the Nifty closed tad above its
hourly swing low of 6960, which would now be seen as a key
level in the forthcoming session. This level is vital because the
'Higher Top Higher Bottom' formation on hourly chart remains
intact until Nifty stays above it. In this scenario, traders can at
least sense a possibility of a bounce back. However, a
violation of this support on sustainable basis would trigger
further weakness towards 6920 - 6870 levels. On the flip side,
7020 would be seen as an immediate hurdle on intra-day
basis. Any hourly close above this level may strengthen hourly
charts to extend a move towards the 7100 mark.
Key Levels
Support 1 - 6960
Resistance 1 - 7020
Support 2 - 6920
Resistance 2 -
7100
Exhibit 2: Bank Nifty Weekly Chart
Bank Nifty Outlook - (13556)
In yesterday's trading session, the Nifty Bank index continued
with its corrective move and ended the session with losses of
1.73% over its previous day's close.
The index, although is continuing with the negative
momentum, is trading near its support zone (please refer to
the exhibit). The important highs of November 2010 and May
2013 are placed in range of 13300 to 13415, which were
broken during the 'Impulsive' up move in May 2014. As per
the role reversal technique, the resistance broken could act as
support and thus, it is an immediate support zone in near
term. However, the index is forming 'Lower Tops Lower Bottom'
since last one year and hence, it would be prudent to wait for
prices themselves to show strength rather than pre empting
any reversal.The immediate resistances for short term trading
are seen around 13810 - 13980.
Key Levels
Support 1 - 13415
Resistance 1 - 13810
Support 2 - 13300
Resistance 2 - 13980
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Technical & Derivatives Report
February 26, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 26.03%
BankNifty futures open interest has decreased by 33.64%
as market closed at 6970.60 levels.
The Nifty March future closed at a premium of 30.50
points against a premium of 22.95 points. The April
series closed at a premium of 62.05 points.
The Implied Volatility of at the money options has
decreased from 21.64% to 21.08%.
The total OI of the market is Rs. 1,55,223/- cr. and the
stock futures OI is Rs. 48,858/- cr.
Few of the liquid counters where we have seen high cost
of carry are RPOWER, JPASSOCIAT, NHPC,
SOUTHBANK and INDIACEM.
Views
FIIs were net sellers in both index future and cash market
OI Gainers
segment yesterday. They sold equities to the tune of Rs.
OI
PRICE
SCRIP
OI
PRICE
1465 crores. While in Index Futures, they sold worth Rs.
CHG. (%)
CHG. (%)
2435 crores with significant fall in open interest due to
MINDTREE
717200
12.55
1407.30
-0.42
expiry.
RPOWER
53820000
1.49
44.35
0.45
In Index Options front, FIIs were net sellers of Rs. 1299
AMARAJABAT
573600
1.38
869.40
-1.68
crores with fall in OI. In call options, 7000-7500 strikes
were quite active and they also added
fresh build-up.
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7000 and 7200 call options added majority of OI.
Whereas, in put options, 6600 and 6800 strikes added
OI Losers
decent OI. Maximum OI in current series is visible in
OI
PRICE
SCRIP
OI
PRICE
7500 call and 7000 put options. Rollover in Nifty as well
CHG. (%)
CHG. (%)
as in BankNifty is on the lower side at 67.82% and
APOLLOTYRE
5157000
-45.69
157.35
-1.87
68.75% respectively. Last series we hardly saw any
NTPC
20408000
-44.91
119.40
0.42
meaningful activity in Nifty in terms of OI, we would
KSCL
1578000
-44.06
342.15
-6.66
suggest to trade light in Nifty and adopt stock specific
NHPC
29997000
-44.00
19.70
-2.96
approach.
COALINDIA
11336400
-41.80
288.85
0.19
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
POWERGRID
42.37
NIFTY
0.83
0.86
GRASIM
24.88
BANKNIFTY
1.10
0.72
ACC
33.12
SBIN
0.74
0.58
CROMPGREAV
99.57
RELIANCE
1.08
1.02
TATACOMM
40.92
ICICIBANK
0.64
0.71
Strategy Date
Symbol
Strategy
Status
February 01, 2016
BHEL
Bull Call Spread
Loss on Expiry
February 08, 2016
NIFTY
Short Strangle
Marginal loss booked on 22-02-2016
February 15, 2016
AXISBANK
Bull Call Spread
Loss on Expiry
February 22, 2016
HINDUNILVR
Long Call
Not Activated
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2
Technical & Derivatives Report
February 26, 2016
FII Statistics for 25-February 2016
Turnover on 25-February 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4337.09
6772.47
(2435.38)
235685
11682.50
(37.68)
627753
30662.99
7.33
FUTURES
FUTURES
INDEX
INDEX
42385.31
43684.62
(1299.31)
781149
40682.82
(45.17)
9600495
491637.86
12.36
OPTIONS
OPTIONS
STOCK
11785.73
11317.21
468.52
1048353
43450.03
(15.12)
STOCK
FUTURES
1375593
56864.33
6.96
FUTURES
STOCK
STOCK
1135.36
1083.11
52.25
1209
45.17
(98.68)
OPTIONS
385550
16474.59
9.51
OPTIONS
TOTAL
59643.49
62857.41
(3213.92)
2066396
95860.51
(33.98)
TOTAL
11989391
595639.78
11.47
Nifty Spot = 6970.60
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7000
177.45
Buy
6900
139.35
48.65
51.35
7048.65
31.30
68.70
6868.70
Sell
7100
128.80
Sell
6800
108.05
Buy
7000
177.45
Buy
6900
139.35
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87.95
112.05
7087.95
56.90
143.10
6843.10
Sell
7200
89.50
Sell
6700
82.45
Buy
7100
128.80
Buy
6800
108.05
39.30
60.70
7139.30
25.60
74.40
6774.40
Sell
7200
89.50
Sell
6700
82.45
Note: Above mentioned Bullish or Bearish Spreads in Nifty (March Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
February 26, 2016
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,171
1,186
1,210
1,224
1,249
ADANIPORTS
192
195
199
202
205
AMBUJACEM
185
187
190
192
195
ASIANPAINT
842
852
868
878
895
AXISBANK
371
375
381
385
392
BAJAJ-AUTO
2,262
2,292
2,322
2,353
2,383
BANKBARODA
125
128
132
134
138
BHARTIARTL
315
319
322
326
329
BHEL
90
92
94
96
97
BOSCHLTD
15,767
16,051
16,395
16,679
17,023
BPCL
736
750
760
774
784
CAIRN
117
119
122
124
127
CIPLA
505
512
517
524
529
COALINDIA
288
294
301
306
314
DRREDDY
2,963
2,979
3,001
3,016
3,038
GAIL
295
300
308
313
321
GRASIM
3,200
3,251
3,331
3,382
3,462
HCLTECH
793
801
808
816
823
HDFC
996
1,020
1,035
1,058
1,073
HDFCBANK
927
935
946
954
965
HEROMOTOCO
2,571
2,596
2,619
2,644
2,667
HINDALCO
66
66
67
68
69
HINDUNILVR
827
835
840
849
854
ICICIBANK
177
180
185
187
192
IDEA
102
104
106
108
110
INDUSINDBK
793
800
812
820
831
INFY
1,085
1,097
1,114
1,127
1,144
ITC
281
283
287
290
293
KOTAKBANK
594
600
611
617
628
LT
1,058
1,072
1,096
1,110
1,134
LUPIN
1,710
1,735
1,767
1,792
1,823
M&M
1,204
1,217
1,230
1,242
1,255
MARUTI
3,333
3,373
3,442
3,482
3,551
NTPC
116
117
118
119
120
ONGC
206
211
215
220
223
PNB
70
71
72
73
74
POWERGRID
125
128
134
138
144
RELIANCE
931
938
947
953
963
SBIN
147
149
154
156
161
VEDL
67
69
70
72
74
SUNPHARMA
846
861
870
885
895
TATAMOTORS
286
292
302
308
318
TATAPOWER
55
56
58
58
60
TATASTEEL
242
245
248
250
253
TCS
2,166
2,190
2,209
2,232
2,251
TECHM
404
410
417
423
430
ULTRACEMCO
2,720
2,749
2,795
2,825
2,871
WIPRO
515
524
532
541
548
YESBANK
649
660
677
688
706
ZEEL
368
374
382
387
395
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Technical & Derivatives Report
February 26, 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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