Technical & Derivatives Report
April 26, 2016
Sensex (25679) / Nifty (7855)
Exhibit 1: Nifty Daily Chart
Last week of the April month started the proceedings on a soft
note citing to negative global cues. Subsequently, the index
remained under pressure for the most part of the session;
however, a modest recovery towards the fag end helped index to
close above the 7850 mark by losing 0.56% as compared to its
previous close.
Since last few days, we have been repeatedly indicating about the
strong hurdle at 8000 and a failure to break this may result in to
a minor profit booking. Yesterday, we saw first sign of this,
though, the index didn’t correct much, the important observation
is a daily close below the ‘5 day EMA’, which is a sign of
weakness. Thus, going forward, we may witness a continuation of
this negativity towards 7772. On the flipside, yesterday’s high of
7911 would now act as an immediate resistance for the index.
Key Levels
Support 1 - 7820
Resistance 1 - 7911
Support 2 - 7772
Resistance 2 - 7950
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (16679)
The Nifty Bank index traded in a narrow range and ended the
session with marginal loos of 0.15 percent over its previous
session's close.
The index traded in a narrow range of 142 points and continued
its outperformance against the Nifty index. The small body candle
in last couple of sessions indicates consolidation and thus does
not provide any directional view. As we have been highlighting in
our previous reports, the Nifty Bank index is currently trading near
the resistance of '200 SMA' on daily charts. As there is no clear
indication of the directional move ahead, it is imperative to wait
for further developments on the charts for taking any trade in the
index. Till then, it is advisable to focus on stock specific approach
with proper risk management strategy. The intraday support for
the index is placed around
16526 and
16386 whereas
resistances are seen around 16803 and 17067.
Key Levels
Support 1 - 16526
Resistance 1 - 16803
Support 2 - 16386
Resistance 2 - 17067
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Technical & Derivatives Report
April 26, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.58%
BankNifty futures open interest has increased by 1.30%
as market closed at 7855.05 levels.
The Nifty April future closed at a premium of 9.95 points
against a premium of 11.85 points. The May series
closed at a premium of 46.45 points.
The Implied Volatility of at the money options has
increased from 14.26% to 15.94%.
The total OI of the market is Rs. 2,42,888/- cr. and the
stock futures OI is Rs. 62,293/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, JPASSOCIAT, IBULHSGFIN, IDFC
and GMRINFRA.
Views
FIIs continue buying in cash market to the tune of Rs.
222 crores. While in Index Futures, they were marginal
OI Gainers
buyers with decent rise in OI, suggesting mix of long and
OI
PRICE
SCRIP
OI
PRICE
short formation in last trading session.
CHG. (%)
CHG. (%)
CESC
2396000
27.72
547.10
1.96
In Index Options front, FIIs bought of worth Rs. 759
CEATLTD
1784300
25.32
1139.20
4.14
crores with rise in OI. In call options, 7850-7950 strike
UNIONBANK
13977000
17.30
130.70
-2.13
added good amount of OI, followed by huge unwinding
JSWENERGY
7128000
16.70
68.20
-2.50
in 8100 strike. We believe those who were long in 8100
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ICICIBANK
61648800
16.67
253.00
0.18
strikes booked losses yesterday, losing hopes on Nifty
breaching 8100 levels in current series. On the other
hand, in put options, we witness good amount of OI
OI Losers
addition in 7700 and 7750 strikes. We also saw decent
OI
PRICE
SCRIP
OI
PRICE
unwinding in 7900 put option; this may be covering by
CHG. (%)
CHG. (%)
RCOM
81968000
-6.69
56.70
-0.70
writers of this strike. Yesterday, Nifty corrected, but we
hardly saw any meaningful change in OI. 7800 is an
BANKINDIA
22656000
-4.21
96.40
-1.33
immediate support for market one should watch out for
JINDALSTEL
40502000
-3.68
72.95
-0.14
this level before forming any aggressive shorts in this
TATASTEEL
26396000
-3.03
348.00
-1.85
market. Rollover in Nifty is in line at 31.37% and of
HINDZINC
5955200
-2.92
169.75
-1.37
BankNifty is on the lower side at 16.52%.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
M&MFIN
64.02
NIFTY
1.03
0.94
IRB
34.49
BANKNIFTY
1.12
1.04
CAIRN
45.54
SBIN
0.53
0.45
CEATLTD
41.96
RELIANCE
0.33
0.37
APOLLOHOSP
27.70
INFY
0.47
0.56
Strategy Date
Symbol
Strategy
Status
April 04, 2016
TCS
Ratio Bear Put Spread
Active
April 11, 2016
ITC
Short Strangle
Active
April 18, 2016
NIFTY
Long Call
Active
April 25, 2016
SUNPHARMA
Long Put
Not Triggered
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Technical & Derivatives Report
April 26, 2016
FII Statistics for 25-April 2016
Turnover on 25-April 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
2698.57
2685.78
12.79
272607
15786.11
3.57
289155
16222.20
8.77
FUTURES
FUTURES
INDEX
INDEX
32630.31
31870.87
759.43
1224216
71375.63
2.07
4702504
273008.35
20.94
OPTIONS
OPTIONS
STOCK
15016.23
15059.43
(43.20)
1045240
50484.51
3.96
STOCK
FUTURES
988791
48849.22
46.51
FUTURES
STOCK
STOCK
3833.95
3970.94
(136.98)
100700
4935.60
0.99
OPTIONS
418678
21450.58
-3.90
OPTIONS
TOTAL
54179.06
53587.02
592.04
2642763
142581.85
2.92
TOTAL
6399128
359530.35
21.33
Nifty Spot = 7855.05
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7900
31.50
Buy
7900
66.30
22.90
77.10
7922.90
44.45
55.55
7855.55
Sell
8000
8.60
Sell
7800
21.85
Buy
7900
31.50
Buy
7900
66.30
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29.55
170.45
7929.55
60.10
139.90
7839.90
Sell
8100
1.95
Sell
7700
6.20
Buy
8000
8.60
Buy
7800
21.85
6.65
93.35
8006.65
15.65
84.35
7784.35
Sell
8100
1.95
Sell
7700
6.20
Note: Above mentioned Bullish or Bearish Spreads in Nifty (April Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
April 26, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,396
1,409
1,420
1,433
1,443
ADANIPORTS
228
230
232
234
235
AMBUJACEM
220
222
223
225
226
ASIANPAINT
848
855
863
869
877
AUROPHARMA
745
755
770
780
795
AXISBANK
458
464
471
477
483
BAJAJ-AUTO
2,492
2,518
2,539
2,565
2,586
BANKBARODA
153
155
159
161
165
BHEL
122
124
126
127
129
BPCL
950
964
973
987
996
BHARTIARTL
349
354
359
364
369
INFRATEL
356
361
369
375
383
BOSCH
19,416
19,630
19,865
20,079
20,314
CIPLA
518
522
528
532
538
COALINDIA
284
286
289
290
293
DRREDDY
3,056
3,086
3,128
3,158
3,199
EICHERMOT
19,735
19,840
20,015
20,120
20,295
GAIL
351
355
362
367
374
GRASIM
3,963
4,001
4,028
4,066
4,093
HCLTECH
837
841
845
850
854
HDFCBANK
1,077
1,085
1,093
1,101
1,108
HDFC
1,094
1,103
1,115
1,124
1,136
HEROMOTOCO
2,915
2,938
2,981
3,004
3,047
HINDALCO
94
96
99
101
104
HINDUNILVR
869
877
883
890
896
ICICIBANK
249
251
253
255
257
IDEA
116
117
118
119
120
INDUSINDBK
968
975
981
988
994
INFY
1,190
1,203
1,214
1,227
1,238
ITC
317
319
322
324
327
KOTAKBANK
666
673
678
685
690
LT
1,246
1,256
1,267
1,276
1,287
LUPIN
1,524
1,533
1,545
1,555
1,567
M&M
1,309
1,318
1,326
1,335
1,343
MARUTI
3,635
3,681
3,762
3,808
3,889
NTPC
135
138
141
143
147
ONGC
209
211
213
215
218
POWERGRID
141
142
144
146
148
RELIANCE
992
1,005
1,025
1,037
1,057
SBIN
192
194
198
201
205
SUNPHARMA
792
800
811
819
830
TCS
2,382
2,417
2,437
2,471
2,492
TATAMTRDVR
290
293
299
302
308
TATAMOTORS
406
409
413
417
421
TATAPOWER
68
69
70
70
71
TATASTEEL
339
343
349
353
358
TECHM
460
466
475
481
491
ULTRACEMCO
3,216
3,246
3,287
3,317
3,358
WIPRO
544
548
555
559
566
YESBANK
864
871
878
886
893
ZEEL
393
397
400
404
407
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Technical & Derivatives Report
April 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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