Technical & Derivatives Report
October 26, 2015
Sensex (27471) / Nifty (8295)
Exhibit 1: Nifty Daily Chart
Last week, the Nifty continued to hover around the higher end of
the rising channel on the daily chart and made narrow ranged
candles. Currently, the Nifty is trading around the ‘Gap’ area of
8322 - 8360 levels, which was created on August 21, 2015. The
mentioned ‘Gap’ area also coincides with the 50% retracement
level of the entire fall from 9119.20 to 7539.50 levels on the
Nifty, on the weekly chart.
Going forward, the Nifty needs a decisive move above 8400 to
move into the territory of 8550 - 8600 levels. Failing to do so
may result in lackluster movement in the index in the near term.
On the lower side, 8215 and 8080 have become major support
levels for the Nifty. Although the Nifty is trading near its resistance
zone, we however see no signs of a reversal. We advise traders
not to pre-empt any corrective move but rather trade in direction
of the short term up trend. We recommend following a stock
specific approach with proper exits.
Key Levels
Support 1 - 8280
Resistance 1 - 8360
Support 2 - 8215
Resistance 2 - 8400
Bank Nifty Outlook - (17934)
Exhibit 2: Bank Nifty Daily
In Friday's trading session, the Bank Nifty index traded in a
narrow range and ended the session with gains of 1.26%. The
marginal up move was led by the private sector banks which
showed some strength in intraday trades.
Post breakout from the resistance zone, the index is consolidating
in a narrow range since last few trading sessions. The 'RSI'
oscillator on daily charts, however, is showing positive momentum
which indicates that the index could show positive momentum in
near term. We are expecting the index to move higher up to its
next resistance level which is placed around 18175 and 18300.
On the flipside, the support for the index is placed around 17850
and 17720.
Key Levels
Support 1 - 17850
Resistance 1 - 18175
Support 2 - 17720
Resistance 2 - 18300
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Technical & Derivatives Report
October 26, 2015
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.59%
BankNifty futures open interest has decreased by 3.96%
as market closed at 8295.45 levels.
The Nifty October future closed at a premium of 8.70
points against a premium of
10.60 points. The
November series closed at a premium of 44.30 points.
The Implied Volatility of at the money options has
decreased from 12.58% to 11.33%.
The total OI of the market is Rs. 2,42,333/- cr. and the
stock futures OI is Rs. 62,938/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, UNITECH, AMTEKAUTO,
TV18BRDCST and IOB.
Views
OI Gainers
OI
PRICE
FIIs were net buyers in both cash market segment and in
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Index Futures. They bought equities to the tune of Rs.
BATAINDIA
3107000
40.11
526.60
-0.10
229 crores and Index Futures of Rs. 1850 crores with
ASIANPAINT
4431250
25.65
853.45
-0.41
some rise in OI, suggesting mix of
longs and short
IDEA
32248000
18.60
140.70
-7.37
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m
M&MFIN
13761000
16.57
234.55
-2.11
covering in last trading session.
MARICO
674700
13.32
386.05
-1.97
In Index Options front, they sold marginally with fall in
OI. In call options, we saw meaningful build-up in 8400
call options, followed by unwinding in 8200 & 8300 call
OI Losers
options. While in put options, good amount of OI
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
addition was seen in
8300-8400 strikes, some
ALBK
9520000
-12.16
78.25
0.64
unwinding was also visible in 7900 & 8100 put strikes.
CAIRN
10451000
-7.94
158.50
2.62
Maximum OI is seen in 8300 call and 8200 put options.
MINDTREE
545250
-7.57
1488.40
1.03
Seeing Friday’s buying figure in Index Futures, we
SRTRANSFIN
3220100
-7.51
945.40
1.45
believe resistance of 8400 may be breached.
IBREALEST
35389000
-7.00
65.15
-3.91
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
IDEA
51.63
NIFTY
1.06
1.05
DABUR
28.08
BANKNIFTY
1.02
0.85
ITC
28.28
INFY
0.35
0.34
BHARTIARTL
38.63
RELIANCE
1.04
0.72
UPL
43.77
TATAMOTORS
1.15
0.64
Strategy Date
Symbol
Strategy
Status
September 28, 2015
NIFTY
Long Strangle
Profit booked on October 16, 2015
October 05, 2015
SBIN
Ratio Bear Put Spread
Active
October 12, 2015
LT
Long Put Ladder
Active
October 19, 2015
NIFTY
Long Put
Active
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Technical & Derivatives Report
October 26, 2015
Turnover on 23-October 2015
FII Statistics for 23-October 2015
Open Interest
No. of
Turnover
Change
Instrument
Detail
Buy
Sell
Net
Contracts
( in Cr. )
(%)
Value
Change
Contracts
(in Cr.)
(%)
INDEX
INDEX
536910
16199.11
-9.88
4097.23
2247.07
1850.17
1010423
27434.12
1.02
FUTURES
FUTURES
INDEX
INDEX
11290.89
11343.10
(52.21)
2435939
78333.49
(1.73)
7388192
174718.51
-7.54
OPTIONS
OPTIONS
STOCK
STOCK
6301.56
6754.51
(452.95)
1726506
49863.29
(3.14)
1004199
29871.64
1.99
FUTURES
FUTURES
STOCK
STOCK
1930.39
2117.95
(187.56)
128028
3531.08
(1.41)
470050
13251.97
-16.65
OPTIONS
OPTIONS
TOTAL
23620.08
22462.62
1157.46
5300896
159161.99
(1.68)
TOTAL
9399351
234041.24
-7.17
Nifty Spot = 8295.45
Lot Size = 25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8300
50.35
Buy
8200
17.35
37.85
62.15
a
8337.85
g.com
9.90
90.10
8190.10
Sell
8400
12.50
Sell
8100
7.45
Buy
8300
50.35
Buy
8200
17.35
47.60
152.40
8347.60
14.00
186.00
8186.00
Sell
8500
2.75
Sell
8000
3.35
Buy
8400
12.50
Buy
8100
7.45
9.75
90.25
8409.75
4.10
95.90
8095.90
Sell
8500
2.75
Sell
8000
3.35
Nifty Put-Call Analysis
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Technical & Derivatives Report
October 26, 2015
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,373
1,386
1,395
1,408
1,417
AMBUJACEM
206
207
209
211
213
ASIANPAINT
843
851
858
866
874
AXISBANK
511
518
523
530
535
BAJAJ-AUTO
2,470
2,493
2,529
2,551
2,587
BANKBARODA
170
172
174
176
178
BHARTIARTL
345
352
363
370
382
BHEL
206
208
210
212
213
BOSCHLTD
21,448
21,596
21,823
21,971
22,198
BPCL
898
904
911
917
924
CAIRN
149
153
157
162
166
CIPLA
676
679
683
686
689
COALINDIA
336
339
341
344
347
DRREDDY
4,120
4,154
4,176
4,210
4,232
GAIL
318
322
326
330
334
GRASIM
3,605
3,626
3,660
3,681
3,714
HCLTECH
835
844
857
866
879
HDFC
1,310
1,324
1,334
1,348
1,358
HDFCBANK
1,088
1,098
1,106
1,116
1,124
HEROMOTOCO
2,554
2,575
2,609
2,630
2,664
HINDALCO
83
84
86
87
88
HINDUNILVR
785
792
799
807
813
ICICIBANK
282
284
287
289
291
IDEA
131
136
143
148
155
INDUSINDBK
952
956
961
965
970
INFY
1,115
1,132
1,143
1,160
1,171
ITC
347
353
356
362
365
KOTAKBANK
657
661
664
669
672
LT
1,465
1,488
1,529
1,551
1,592
LUPIN
2,057
2,068
2,083
2,094
2,109
M&M
1,216
1,231
1,256
1,271
1,295
MARUTI
4,283
4,332
4,420
4,469
4,557
NMDC
98
99
101
102
104
NTPC
130
131
133
134
135
ONGC
252
255
258
261
264
PNB
134
135
136
137
139
POWERGRID
134
135
136
137
139
RELIANCE
925
940
957
972
989
SBIN
251
252
253
255
256
VEDL
98
100
104
106
110
SUNPHARMA
870
877
891
898
911
TATAMOTORS
378
380
385
387
391
TATAPOWER
69
70
71
71
72
TATASTEEL
240
243
247
250
255
TCS
2,517
2,527
2,537
2,548
2,558
TECHM
534
537
542
545
550
ULTRACEMCO
2,865
2,883
2,906
2,925
2,948
WIPRO
560
564
569
573
578
YESBANK
756
763
772
779
788
ZEEL
425
429
433
437
442
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Technical & Derivatives Report
October 26, 2015
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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