Technical & Derivatives Report
January 27, 2016
Sensex (24486) / Nifty (7436)
Exhibit 1: Nifty Daily Chart
In Monday's trading session, the Nifty index opened higher on
back of positive global cues. However, the late sell-off in the
indices erased the morning gains and the index ended the
session with marginal gains of 0.18% ahead of the Republic
Day holiday.
As we had mentioned in our weekly update, the index during
last week has rebounded higher from its medium term support
zone. The small body candle in Monday's session just seem to
be a pause within this pullback move and thus we are
expecting further upside in the indices in near term. However,
owing to the expiry slated tomorrow, there could be stock
specific volatility in next couple of sessions and hence traders
are advised to follow proper money management on their
trading positions. In case of a sustainable up move, the index
could witness further bounce towards 7550 - 7600. On the
flipside, 7327 - 7241 are now being seen as strong support
levels.
Key Levels
Support 1 - 7327
Resistance 1 - 7490
Support 2 - 7241
Resistance 2 - 7550
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (15561)
The Nifty Bank Index started trading with a gap up opening on
Monday's trading session. However, the rest of the session was
marred by a range bound activity to end the session with
marginal gains of 0.41% over its previous close. For the third
consecutive session, the index has managed to protect its
respective previous day's low. Since, the banking index has
rebounded from the medium term support zone, where the
momentum readings also were oversold; we are expecting the
index to trade with positive bias in near term. The volatility
could remain high due the F&O expiry tomorrow and thus
traders are advised to be vigilant on market moves. For short
term trading, the crucial support for the index is placed
around 15465 and 15270 whereas resistances are seen
around 15765 and 16150.
Key Levels
Support 1 - 15465
Resistance 1 - 15765
Support 2 - 15270
Resistance 2 - 16150
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Technical & Derivatives Report
January 27, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.02%
BankNifty futures open interest has decreased by 0.59%
as market closed at 7436.15 levels.
The Nifty January future closed at a discount of 0.70
points against a premium of 8.25 points. The February
series closed at a premium of 7.30 points.
The Implied Volatility of at the money options has
decreased from 16.24% to 14.61 %.
The total OI of the market is Rs. 2,58,828/- cr. and the
stock futures OI is Rs. 63,015 /- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, JPASSOCIAT, GAIL, UCOBANK
and BATAINDIA.
Views
FIIs were net seller in both equity cash and Index future
OI Gainers
segment on Monday. They sold equities to the tune of Rs.
OI
PRICE
SCRIP
OI
PRICE
91 crores; while in Index Futures, they sold worth Rs. 982
CHG. (%)
CHG. (%)
crores with rise in OI, indicating short build-up in last
OIL
1171200
25.94
347.80
0.90
trading session.
IDFC
87634800
21.59
41.30
-1.43
In Index Options front, FII’s activity remained subdued. In
COALINDIA
20679600
21.20
304.95
1.33
call options, 7500 - 7600 strikes were active and they
APOLLOHOSP
831200
18.00
1424.25
1.38
added some decent OI. Some unwinding was seen in
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TORNTPHARM
385200
16.73
1399.25
0.55
7300 & 7400 call options, which may be due to profit
booking. While in put options, marginal build-up was
OI Losers
seen in 7450 strike. On the other hand, good amount of
OI
PRICE
SCRIP
OI
PRICE
unwinding was seen in 7300 strike. Maximum build-up
CHG. (%)
CHG. (%)
in current series is now visible in 7500 call and 7300 put
BATAINDIA
3091000
-10.38
478.15
1.00
options. We believe, we may not see any major fall or
JETAIRWAYS
4316400
-9.93
627.10
1.60
bounce in Nifty from current levels in January series.
NMDC
17995000
-8.96
80.85
0.43
Nifty may test the resistance zone of 7500-7550 levels;
ASHOKLEY
58177000
-7.27
86.70
0.87
one should book profits near these levels.
JSWENERGY
11148000
-6.82
73.65
-1.07
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CESC
43.60
NIFTY
0.83
0.99
HINDZINC
40.53
BANKNIFTY
0.88
0.88
JUBLFOOD
44.16
SBIN
0.32
0.36
JSWSTEEL
43.28
RELIANCE
0.40
0.43
CAIRN
63.24
LT
0.44
0.44
Strategy Date
Symbol
Strategy
Status
January 04, 2016
SBIN
Ratio Bear Put Spread
Loss booked on Jan 15, 2016
January 11, 2016
TCS
Short Strangle
Profit booked on Jan 18, 2016
January 18, 2016
HINDUNILVR
Short Strangle
Profit booked on Jan 25, 2016
January 25, 2016
TCS
Long Call
Didn’t triggered
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Technical & Derivatives Report
January 27, 2016
FII Statistics for 25-January 2015
Turnover on 25-January 2015
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4660.75
5642.73
(981.98)
310776
16728.87
2.22
407756
21632.15
0.05
FUTURES
FUTURES
INDEX
INDEX
39616.63
39698.47
(81.84)
1640093
89713.68
(0.31)
4997046
274362.61
-3.66
OPTIONS
OPTIONS
STOCK
19052.82
18206.62
846.19
1127809
50469.27
3.76
STOCK
FUTURES
1202869
54808.12
41.65
FUTURES
STOCK
STOCK
2673.12
2805.93
(132.81)
102906
4712.67
0.06
OPTIONS
339671
16252.88
-18.42
OPTIONS
TOTAL
66003.31
66353.76
(350.45)
3181584
161624.49
1.35
TOTAL
6947342
367055.76
0.56
Nifty Spot = 7436.15
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7500
13.45
Buy
7400
24.30
10.60
89.40
7510.60
17.20
82.80
7382.80
Sell
7600
2.85
Sell
7300
7.10
Buy
7500
13.45
Buy
7400
24.30
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12.60
187.40
7512.60
21.30
178.70
7378.70
Sell
7700
0.85
Sell
7200
3.00
Buy
7600
2.85
Buy
7300
7.10
2.00
98.00
7602.00
4.10
95.90
7295.90
Sell
7700
0.85
Sell
7200
3.00
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Jan. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 27, 2016
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,227
1,236
1,250
1,259
1,272
ADANIPORTS
213
216
221
224
229
AMBUJACEM
191
194
197
200
202
ASIANPAINT
862
871
876
884
890
AXISBANK
407
414
422
429
436
BAJAJ-AUTO
2,297
2,312
2,330
2,345
2,363
BANKBARODA
126
128
130
132
135
BHARTIARTL
289
293
297
301
305
BHEL
140
143
147
150
154
BOSCHLTD
17,099
17,292
17,432
17,626
17,766
BPCL
859
868
878
887
896
CAIRN
109
114
118
123
127
CIPLA
572
577
583
587
594
COALINDIA
297
301
304
308
310
DRREDDY
2,858
2,880
2,903
2,926
2,949
GAIL
343
350
361
368
379
GRASIM
3,398
3,422
3,453
3,476
3,508
HCLTECH
823
831
845
853
867
HDFC
1,143
1,159
1,171
1,187
1,199
HDFCBANK
1,027
1,034
1,040
1,048
1,054
HEROMOTOCO
2,426
2,476
2,543
2,592
2,660
HINDALCO
71
71
72
73
74
HINDUNILVR
764
774
779
789
794
ICICIBANK
232
234
236
238
241
IDEA
103
105
107
109
111
INDUSINDBK
895
901
906
912
917
INFY
1,114
1,126
1,136
1,148
1,159
ITC
301
305
308
313
316
KOTAKBANK
670
675
680
686
691
LT
1,078
1,096
1,127
1,145
1,176
LUPIN
1,671
1,685
1,711
1,725
1,752
M&M
1,146
1,162
1,190
1,206
1,234
MARUTI
4,011
4,046
4,109
4,144
4,207
NTPC
135
136
138
140
141
ONGC
214
217
219
222
224
PNB
90
91
93
94
95
POWERGRID
130
131
133
135
136
RELIANCE
989
996
1,008
1,015
1,026
SBIN
178
181
185
187
191
VEDL
63
63
65
66
68
SUNPHARMA
785
796
806
817
826
TATAMOTORS
322
327
336
342
351
TATAPOWER
60
61
62
62
63
TATASTEEL
246
250
253
258
261
TCS
2,264
2,284
2,312
2,332
2,359
TECHM
507
511
517
521
528
ULTRACEMCO
2,705
2,728
2,749
2,772
2,793
WIPRO
541
544
547
550
553
YESBANK
660
669
682
691
704
ZEEL
381
386
395
400
410
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Technical & Derivatives Report
January 27, 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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