Technical & Derivatives Report
May 27, 2016
Sensex (26367) / Nifty (8070)
Exhibit 1: Nifty Daily Chart
Yet another session turned remarkable for our markets as the
index first opened with a decent upside gap and then continued
its previous day’s optimism to add another 1.70 percent to
conclude the May (Derivatives) series on a high note.
The market participants (the bulls) must have enjoyed last two
days of mesmerizing move as the Nifty surged more than 300
points within no time. In the course of action, the Nifty managed
give a much awaited breakout from the sturdy wall of 8000. As
mentioned in our earlier reports, this move was very much on
cards. The Nifty has now confirmed a breakout from the ‘Inverse
Head and Shoulder’ pattern and thus, we expect this momentum
to continue first towards the immediate resistance of 8110 and
then 8160. On the downside, if we go by the ‘Change of Polarity’
rule, the neckline level of 8000 would now act as a strong
support zone. We reiterate that traders shouldn't be expecting
immediate reversal; because, in such type of strong optimism,
mostly minor intraday dips also get bought into.
Key Levels
Support 1 - 8000
Resistance 1 - 8110
Support 2 - 7970
Resistance 2 - 8160
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (17359)
The Nifty Bank index continued it’s up move and eventually broke
above the resistance zone of 17000 - 17080 to end the session
with gains of 2.31% over its previous close.
The momentum in the individual stocks within both the Private
sector banks and the PSU Banks is indicating probability of further
gains in upcoming sessions. Hence, traders are advised to
continue to hold on to long positions in the index unless any signs
of reversal seen. The resistance breakout range of 17000 -
17080 should now act as a support as per the role reversal
technique of Technical Analysis. On the flipside, immediate
resistance for the index is seen around 17465 - 17500.
Key Levels
Support 1 - 17080
Resistance 1 - 17465
Support 2 - 17000
Resistance 2 - 17500
www.angelbroking.com
1
Technical & Derivatives Report
May 27, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 24.20%
BankNifty futures open interest has decreased by 21.57%
as market closed at 8069.65 levels.
The Nifty June future closed at the Nifty spot levels
against a premium of 19.05 points. The July series
closed at a premium of 14.85 points.
The Implied Volatility of at the money options has
decreased from 14.99% to 13.37%.
The total OI of the market is Rs. 1,70,299/- cr. and the
stock futures OI is Rs. 58,050/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, PTC, GMRINFRA, UNITECH
and CROMPGREAV.
Views
OI Gainers
Nifty continued its up move and closed above its
OI
PRICE
physiological resistance zone of 8000 level. In cash
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
market segment, FIIs bought to the tune of Rs.
581
CUMMINSIND
937800
111.22
799.45
-7.65
crores. While in Index Futures, they continue buying
-
-
-
-
-
significantly of Rs. 2348 crores with huge amount of
-
-
-
-
-
decline in OI due to expiry.
On the other hand in options front, they were net buyers
-
-
-
-
-
www.angelbroking.com
worth Rs. 2146 crores with fall in open interest. In call
-
-
-
-
-
options, 8100-8500 call options were active and added
good amount of OI. While in put options, 7800-8000
OI Losers
strike added huge OI. Maximum build-up in June series
OI
PRICE
SCRIP
OI
PRICE
is visible in 8200 call and 7500 put options.
CHG. (%)
CHG. (%)
Rollover in Nifty and BankNifty is slightly below their
NHPC
27432000
-49.58
22.80
1.33
averages at 72.82% & 70.68% respectively. Seeing the
HEROMOTOCO
782800
-45.16
2980.10
1.19
quantum of buying in last two trading sessions, we
TVSMOTOR
4536000
-42.04
299.05
1.15
believe Nifty may continue to show strength, one can
HAVELLS
2908000
-38.47
375.55
1.06
expect Nifty breaching 8200 levels in near term.
PCJEWELLER
699400
-38.09
368.30
3.15
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
LT
70.36
NIFTY
0.96
0.95
ASHOKLEY
46.15
BANKNIFTY
1.11
1.05
ADANIPOWER
50.90
SBIN
0.45
0.31
STAR
48.36
RELIANCE
1.11
0.82
SOUTHBANK
28.61
LT
0.88
0.46
Strategy Date
Symbol
Strategy
Status
02-05-2016
NIFTY
Long Strangle
Loss on expiry
09-05-2016
RELIANCE
Long Put
Loss Booked on 17th May
16-05-2016
LT
Short Strangle
Marginal Profit Booked on 24th May
23-05-2016
RCOM
Long Straddle
Profit on expiry
www.angelbroking.com
2
Technical & Derivatives Report
May 27, 2016
FII Statistics for 26-May 2016
Turnover on 26-May 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
7258.30
4910.21
2348.09
253309
15019.79
(34.18)
565177
32445.36
-5.35
FUTURES
FUTURES
INDEX
INDEX
56149.23
54003.15
2146.07
714301
43007.63
(42.46)
9933783
579561.72
23.59
OPTIONS
OPTIONS
STOCK
18659.79
17444.89
1214.90
969349
46966.37
(15.00)
STOCK
FUTURES
1654653
80638.77
8.83
FUTURES
STOCK
STOCK
3655.96
3652.13
3.83
1650
102.23
(98.52)
OPTIONS
616456
30263.86
16.20
OPTIONS
TOTAL
85723.27
80010.38
5712.89
1938609
105096.02
(32.64)
TOTAL
12770069
722909.71
19.82
Nifty Spot = 8069.65
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8100
121.50
Buy
8000
110.10
42.45
57.55
8142.45
31.20
68.80
7968.80
Sell
8200
79.05
Sell
7900
78.90
Buy
8100
121.50
Buy
8000
110.10
www.angelbroking.com
73.35
126.65
8173.35
55.25
144.75
7944.75
Sell
8300
48.15
Sell
7800
54.85
Buy
8200
79.05
Buy
7900
78.90
30.90
69.10
8230.90
24.05
75.95
7875.95
Sell
8300
48.15
Sell
7800
54.85
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
3
Technical & Derivatives Report
May 27, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,462
1,483
1,496
1,516
1,529
ADANIPORTS
178
182
185
188
191
AMBUJACEM
219
222
226
228
232
ASIANPAINT
962
977
988
1,003
1,014
AUROPHARMA
731
738
743
750
755
AXISBANK
491
505
514
528
537
BAJAJ-AUTO
2,457
2,481
2,499
2,524
2,542
BANKBARODA
131
133
135
137
138
BHEL
122
125
127
131
133
BPCL
898
912
922
936
946
BHARTIARTL
344
348
352
357
360
INFRATEL
381
386
391
395
401
BOSCH
21,376
21,597
21,902
22,122
22,428
CIPLA
461
465
469
473
477
COALINDIA
277
279
280
282
283
DRREDDY
3,037
3,064
3,087
3,114
3,137
EICHERMOT
18,100
18,247
18,459
18,606
18,817
GAIL
371
376
383
387
394
GRASIM
4,264
4,297
4,329
4,362
4,394
HCLTECH
728
734
743
750
759
HDFCBANK
1,157
1,170
1,179
1,193
1,202
HDFC
1,175
1,202
1,218
1,245
1,262
HEROMOTOCO
2,883
2,922
2,956
2,995
3,029
HINDALCO
87
88
90
91
93
HINDUNILVR
823
837
845
859
867
ICICIBANK
229
235
239
245
249
IDEA
108
111
113
116
118
INDUSINDBK
1,079
1,092
1,100
1,113
1,121
INFY
1,198
1,216
1,228
1,246
1,258
ITC
350
356
360
366
370
KOTAKBANK
703
717
728
741
753
LT
1,355
1,414
1,450
1,509
1,545
LUPIN
1,447
1,459
1,473
1,485
1,499
M&M
1,288
1,313
1,332
1,357
1,376
MARUTI
3,992
4,055
4,090
4,153
4,188
NTPC
138
140
141
143
144
ONGC
206
211
216
221
226
POWERGRID
147
149
150
152
153
RELIANCE
939
943
948
951
956
SBIN
169
177
181
189
193
SUNPHARMA
767
773
780
787
794
TCS
2,480
2,514
2,540
2,574
2,599
TATAMTRDVR
265
267
271
273
276
TATAMOTORS
394
397
399
402
405
TATAPOWER
72
73
73
74
75
TATASTEEL
316
320
325
330
334
TECHM
510
526
537
553
563
ULTRACEMCO
3,179
3,196
3,213
3,230
3,246
WIPRO
540
542
546
548
551
YESBANK
986
1,003
1,015
1,032
1,044
ZEEL
436
440
444
448
451
www.angelbroking.com
4
Technical & Derivatives Report
May 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]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and MCX Stock Exchange Limited. It is also registered as a Depository Participant with CDSL and
Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a
registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number
INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing
/dealing in securities Market. Angel or its associates including its relatives/analyst do not hold any financial interest/beneficial
ownership of more than 1% in the company covered by Analyst. Angel or its associates/analyst has not received any compensation /
managed or co-managed public offering of securities of the company covered by Analyst during the past twelve months. Angel/analyst
has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market making activity
of the company covered by Analyst.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
Note: Please refer to the important ‘Stock Holding Disclosure' report on the Angel website (Research Section). Also, please refer to the
latest update on respective stocks for the disclosure status in respect of those stocks. Angel Broking Pvt. Limited and its affiliates may
have investment positions in the stocks recommended in this report.
www.angelbroking.com
5