Technical & Derivatives Report
November 26, 2015
Sensex (25776) / Nifty (7832)
Exhibit 1: Nifty Daily Chart
On Tuesday, our markets opened on a soft note citing
negative global cues. However, the index managed to recover
from day's low in the initial hour and then traded within a
narrow range throughout the remaining part of the day.
Eventually, the Nifty ended the session tad below the 7850
mark with nominal loss.
The index continued its dull movement and thus, we are not
seeing any major change in the chart structure. We would
keep a close watch on few key levels to get a directional view
on the index. Going forward, if the Nifty manages to surpass
the 7920 mark then we may witness an impact of this
indicator (RSI Smoothened) to push the Nifty northwards. On
the flipside, 7810 - 7700 remains to be strong support levels.
Meanwhile, traders should continue with their stock centric
approach with a proper exit strategy.
Key Levels
Support 1 - 7810
Resistance 1 - 7885
Support 2 - 7700
Resistance 2 - 7920
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (16989)
The Bank Nifty opened with the marginal loss on Tuesday and
moved higher in the first half of the session. However, some
selling pressure was seen in the latter half of the session and
as a result the banking index trimmed off all its intraday gains
and ended the session with the loss of 0.42 percent over its
previous close. The Bank Nifty traded in a narrow range of 1
percent for second consecutive session. Though the index
managed to move above 16785 levels; but, the momentum
was clearly missing. Now, any sustainable move below 16785
levels may drag the index back to 16580 - 16400 levels.
Whereas, a move above 17225 will result into a ‘Trend line’
breakout in the daily chart and a further rally towards 17450 -
17500 cannot be ruled out in that case. At current juncture,
we advice traders to remain vigilant and wait for further
development on charts to take a positional trade in the index.
Key Levels
Support 1 - 16785
Resistance 1 - 17225
Support 2 - 16580
Resistance 2 - 17450
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Technical & Derivatives Report
November 26, 2015
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 6.57%
BankNifty futures open interest has decreased by 1.03%
as market closed at 7831.60 levels.
The Nifty November future closed at a premium of 0.65
points against a discount of 2.00 points. The December
series closed at a premium of 33.15 points.
The Implied Volatility of at the money options has
decreased from 14.68% to 13.21%.
The total OI of the market is Rs. 2,55,533/- cr. and the
stock futures OI is Rs. 67,720/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, GMRINFRA, NMDC,
ADANIPOWER and IOB.
Views
OI Gainers
OI
PRICE
SCRIP
OI
PRICE
The FIIs continued to sell in cash market segment.
CHG. (%)
CHG. (%)
Yesterday, they sold equities worth Rs. 540 crores. While
GMRINFRA
237822000
16.33
14.95
4.91
in Index Futures, they sold worth Rs. 141 crores with
BANKINDIA
21738000
16.18
124.55
-2.92
significant rise in open interest, indicating blend of both
SUNPHARMA
20115000
14.95
708.10
-1.52
long and short formation.
CADILAHC
2911500
14.65
412.65
-2.77
In Index Options front, FIIs activity remained muted. Ing.com
OIL
6066000
14.50
371.20
1.66
both call and put options, we hardly saw any meaningful
open interest addition. Decent unwinding was visible in
OI Losers
7700 put options in last trading session. We would
OI
PRICE
SCRIP
OI
PRICE
suggest avoiding forming fresh longs in Nifty; we are
CHG. (%)
CHG. (%)
hardly seeing any buying interest in Nifty.
JUSTDIAL
2399500
-16.16
928.90
4.73
Rollover in NIFTY and BANKNIFTY is on the lower side at
KSCL
2059500
-13.48
427.90
-0.71
55.42% and 45.21% respectively.
MARUTI
2160625
-10.71
4633.70
-2.19
ALBK
13662000
-10.32
73.70
-0.34
HAVELLS
6664000
-9.14
290.20
-1.19
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
RCOM
74.36
NIFTY
0.77
0.88
HINDUNILVR
22.57
BANKNIFTY
0.88
0.93
JUBLFOOD
46.27
DRREDDY
0.53
0.72
RELCAPITAL
41.43
LT
0.38
0.49
IOB
54.64
AXISBANK
0.38
0.35
Strategy Date
Symbol
Strategy
Status
November 02, 2015
RELIANCE
Short Strangle
Active
November 09, 2015
ITC
Short Strangle
Did not trigger.
November 16, 2015
TATAMOTORS
Long Put Ladder
Active
November 23, 2015
HEROMOTOCO
Ratio Put Spread
Active
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2
Technical & Derivatives Report
November 26, 2015
FII Statistics for 24-November 2015
Turnover on 24-November 2015
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
6615.78
6757.02
(141.24)
418190
24190.15
9.66
380429
21486.91
2.82
FUTURES
FUTURES
INDEX
INDEX
28183.64
28157.99
25.65
1275400
73963.58
(0.12)
4839825
281719.20
25.96
OPTIONS
OPTIONS
STOCK
STOCK
22797.17
22416.36
380.82
1082881
53508.42
2.98
FUTURES
1387280
69337.02
20.31
FUTURES
STOCK
1080.69
1033.88
46.81
76388
3722.62
(6.17)
STOCK
OPTIONS
308821
16047.51
5.45
OPTIONS
TOTAL
58677.27
58365.25
312.03
2852859
155384.78
2.21
TOTAL
6916357
388590.79
22.42
Nifty Spot = 7831.60
Lot Size = 25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7900
6.90
Buy
7800
18.40
5.90
94.10
7905.90
15.35
84.65
7784.65
Sell
8000
1.00
Sell
7700
3.05
Buy
7900
6.90
Buy
7800
18.40
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6.40
193.60
7906.40
16.90
183.10
7783.10
Sell
8100
0.50
Sell
7600
1.50
Buy
8000
1.00
Buy
7700
3.05
0.50
99.50
8000.50
1.55
98.45
7698.45
Sell
8100
0.50
Sell
7600
1.50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Nov. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
November 26, 2015
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,324
1,333
1,346
1,355
1,368
ADANIPORTS
265
268
272
275
280
AMBUJACEM
198
200
203
205
208
ASIANPAINT
839
848
855
864
870
AXISBANK
460
462
465
466
469
BAJAJ-AUTO
2,424
2,450
2,498
2,524
2,571
BANKBARODA
166
167
169
170
172
BHARTIARTL
330
336
341
346
351
BHEL
171
172
175
176
178
BOSCHLTD
18,066
18,251
18,475
18,660
18,884
BPCL
887
897
906
916
926
CAIRN
135
137
139
141
143
CIPLA
628
633
640
644
652
COALINDIA
327
330
333
336
339
DRREDDY
3,323
3,355
3,382
3,414
3,441
GAIL
349
352
357
361
366
GRASIM
3,619
3,657
3,688
3,726
3,757
HCLTECH
849
858
865
874
881
HDFC
1,176
1,198
1,211
1,232
1,246
HDFCBANK
1,055
1,060
1,067
1,071
1,078
HEROMOTOCO
2,609
2,627
2,647
2,665
2,685
HINDALCO
72
73
74
74
75
HINDUNILVR
783
797
805
820
828
ICICIBANK
257
260
263
266
269
IDEA
135
138
140
142
144
INDUSINDBK
904
912
920
928
936
INFY
1,029
1,035
1,043
1,049
1,057
ITC
329
332
336
340
343
KOTAKBANK
669
674
679
684
689
LT
1,318
1,330
1,349
1,361
1,381
LUPIN
1,813
1,837
1,852
1,876
1,892
M&M
1,305
1,312
1,319
1,326
1,333
MARUTI
4,559
4,599
4,662
4,702
4,765
NTPC
129
130
132
133
135
ONGC
225
229
234
238
242
PNB
136
137
139
139
141
POWERGRID
130
131
132
133
133
RELIANCE
943
955
963
976
984
SBIN
239
240
242
243
245
VEDL
89
89
90
91
92
SUNPHARMA
694
700
710
716
725
TATAMOTORS
392
397
402
406
411
TATAPOWER
66
66
67
67
68
TATASTEEL
221
222
224
226
228
TCS
2,348
2,358
2,375
2,385
2,402
TECHM
527
532
538
543
549
ULTRACEMCO
2,727
2,753
2,797
2,823
2,867
WIPRO
553
558
568
573
583
YESBANK
733
739
743
749
754
ZEEL
394
398
404
407
413
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Technical & Derivatives Report
November 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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