Technical & Derivatives Report
April 27, 2016
Sensex (26007) / Nifty (7963)
Exhibit 1: Nifty Daily Chart
Yesterday’s session opened on a soft note citing to slightly
negative global cues. However, the index managed to maintain
its position above the 7820 mark throughout the first half. In fact,
a sudden spurt in the market immediately post the midsession
pushed the index first towards 7900 and then went on to close
tad below the strong resistance of 7972.
Although, we were expecting a small bounce in Nifty towards
7900 - 7920, it must be accepted that the way it has effortlessly
surpassed it was slightly surprising to us. Fortunately, we avoided
shorting in the morning session, which eventually proved to be a
prudent decision. Going forward, looking at yesterday’s strong
close and momentum, the possibility of a breaking the recent
hurdle looks on cards now. If Nifty manages to sustain above
7979 for an hour in the coming session then we may see a good
follow up buying to push the Nifty towards 8050 level. On the
flipside, 7911 would now act as an immediate support for the
index.
Key Levels
Support 1 - 7911
Resistance 1 - 7979
Support 2 - 7880
Resistance 2 - 8050
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (17003)
Yesterday, the Nifty Bank index opened with a loss of around 50
points. But, the bulls construed this gap down opening as a
buying opportunity and started picking banking counters right
from initial trades. The banking index continued making higher
highs throughout the day and eventually ended the session with
mammoth gains of 1.94 percent over its previous session's close.
Yesterday, the Nifty Bank index gave a breakout from the ‘Falling
Trend line’ on daily chart. Currently, the banking index is
hovering around its previous swing high of
17067 and
considering the momentum in the banking conglomerates, the
said resistance may get breached and we may see continuation in
of this up move in the forthcoming session. Traders are advised to
remain with trade and trade stock specific moves. The intraday
support for the index is placed around 16780 and 16570;
whereas, resistances are seen around 17067 and 17230.
Key Levels
Support 1 - 16780
Resistance 1 - 17067
Support 2 - 16570
Resistance 2 - 17230
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Technical & Derivatives Report
April 27, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 18.82%
BankNifty futures open interest has increased by 8.78%
as market closed at 7962.65 levels.
The Nifty April future closed at a premium of 16.50
points against a premium of 9.95 points. The May series
closed at a premium of 54.55 points.
The Implied Volatility of at the money options has
increased from 15.94% to 16.01%.
The total OI of the market is Rs. 2,51,835/- cr. and the
stock futures OI is Rs. 65,404/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, GODREJIND, ADANIPOWER,
GAIL and TATACHEM.
Views
OI Gainers
FIIs continue buying in cash market to the tune of Rs.
OI
PRICE
SCRIP
OI
PRICE
512 crores. While in Index Futures, they were net buyers
CHG. (%)
CHG. (%)
of Rs. 994 crores with significant rise in OI, suggesting
INFRATEL
6149000
45.81
364.25
-0.92
fresh long formation in last trading session.
JSWENERGY
9204000
29.12
68.45
0.37
ADANIPOWER
89480000
18.80
32.90
-0.45
In Index Options front, FIIs sold of worth Rs. 501 crores
GODREJIND
1371500
18.54
355.40
-1.61
with rise in OI. In call options, 8050 strike added decent
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KOTAKBANK
9634800
17.47
701.05
2.96
OI which are longs, followed by huge unwinding in
7800-8000 strike. On the other hand, in put options, we
witness good amount of OI addition in 7900-8000
OI Losers
strikes. Maximun OI in current series is intact at 8000
OI
PRICE
SCRIP
OI
PRICE
call and 7800 put options. Seeing the FIIs Index Options
CHG. (%)
CHG. (%)
MRF
35070
1.78
35787.85
0.87
data, we believe they have shorted 7900 to 8000 put
options. This indicates they are expecting expiry above
PAGEIND
60250
-2.82
12880.75
0.65
8000 levels. We suggest trader to trade positively, Nifty
BOSCHLTD
90650
7.18
20424.80
2.72
may continue to show strength. Rollover in Nifty is at
OFSS
131700
1.50
3563.20
-0.90
51.40% and of BankNifty is at 35.69%.
EICHERMOT
172800
3.71
20204.80
1.10
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
INDUSINDBK
30.60
NIFTY
1.13
0.95
RECLTD
46.98
BANKNIFTY
1.25
0.91
IDFC
36.77
SBIN
0.56
0.38
KOTAKBANK
27.82
RELIANCE
0.33
0.28
PFC
45.25
MARUTI
1.06
0.75
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 27, 2016
FII Statistics for 26-April 2016
Turnover on 26-April 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
9586.52
8592.32
994.20
346576
20434.11
27.13
289155
30400.88
87.40
FUTURES
FUTURES
INDEX
INDEX
46993.13
47494.39
(501.26)
1246441
73636.98
1.82
4702504
389174.64
42.55
OPTIONS
OPTIONS
STOCK
20546.96
21417.87
(870.92)
1054942
51834.11
0.93
STOCK
FUTURES
988791
69281.44
41.83
FUTURES
STOCK
STOCK
5297.05
5286.93
10.12
103855
5176.30
3.13
OPTIONS
418678
28956.23
34.99
OPTIONS
TOTAL
82423.65
82791.51
(367.86)
2751814
151081.50
4.13
TOTAL
6399128
517813.19
44.02
Nifty Spot = 7962.65
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8000
30.90
Buy
8000
48.95
25.00
75.00
8025.00
34.90
65.10
7965.10
Sell
8100
5.90
Sell
7900
14.05
Buy
8000
30.90
Buy
8000
48.95
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30.00
170.00
8030.00
44.85
155.15
7955.15
Sell
8200
0.90
Sell
7800
4.10
Buy
8100
5.90
Buy
7900
14.05
5.00
95.00
8105.00
9.95
90.05
7890.05
Sell
8200
0.90
Sell
7800
4.10
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 27, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,414
1,420
1,428
1,434
1,441
ADANIPORTS
224
226
230
232
236
AMBUJACEM
220
222
224
227
229
ASIANPAINT
851
864
872
885
893
AUROPHARMA
751
763
771
783
790
AXISBANK
455
468
476
489
498
BAJAJ-AUTO
2,485
2,517
2,538
2,570
2,591
BANKBARODA
154
158
160
164
166
BHEL
122
126
128
132
134
BPCL
964
970
977
983
990
BHARTIARTL
351
356
360
364
368
INFRATEL
355
359
366
370
377
BOSCH
19,587
19,974
20,187
20,574
20,787
CIPLA
518
529
536
547
554
COALINDIA
285
287
288
290
292
DRREDDY
3,084
3,102
3,119
3,137
3,153
EICHERMOT
19,633
19,891
20,108
20,366
20,583
GAIL
347
355
362
369
376
GRASIM
3,982
4,035
4,072
4,125
4,162
HCLTECH
824
837
846
859
868
HDFCBANK
1,085
1,099
1,107
1,122
1,130
HDFC
1,092
1,110
1,121
1,138
1,150
HEROMOTOCO
2,889
2,910
2,937
2,959
2,986
HINDALCO
97
100
102
105
106
HINDUNILVR
872
879
887
894
903
ICICIBANK
244
249
252
257
260
IDEA
116
120
122
126
128
INDUSINDBK
957
989
1,007
1,039
1,057
INFY
1,196
1,214
1,227
1,245
1,258
ITC
307
317
323
333
339
KOTAKBANK
669
685
695
711
721
LT
1,252
1,266
1,275
1,290
1,298
LUPIN
1,505
1,542
1,564
1,601
1,622
M&M
1,311
1,333
1,349
1,371
1,387
MARUTI
3,617
3,744
3,819
3,946
4,021
NTPC
138
139
140
142
143
ONGC
209
212
214
216
218
POWERGRID
142
143
145
147
148
RELIANCE
1,000
1,008
1,016
1,025
1,033
SBIN
192
197
199
203
206
SUNPHARMA
789
802
810
822
830
TCS
2,424
2,457
2,475
2,508
2,527
TATAMTRDVR
288
297
302
311
316
TATAMOTORS
397
408
416
427
435
TATAPOWER
68
70
71
73
74
TATASTEEL
342
350
355
364
369
TECHM
461
468
473
480
484
ULTRACEMCO
3,225
3,245
3,272
3,293
3,319
WIPRO
546
550
554
558
562
YESBANK
861
886
900
925
940
ZEEL
391
402
409
420
426
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Technical & Derivatives Report
April 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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