Technical & Derivatives Report
April 28, 2016
Sensex (26064) / Nifty (7980)
Exhibit 1: Nifty Daily Chart
Yesterday, our markets opened on a flat note in-line with muted
global cues. Subsequently, we saw index oscillating within a very
small range throughout the session; but, somehow managed to
maintain its positive bias to post highest daily closing after
November 04, 2015.
Yesterday, after surpassing the recent hurdle of 7979, the Nifty
made an attempt to approach the 8000 mark, but failed to do so.
However, the daily close kept all these hopes alive for the bulls. In
the forthcoming session, traders would be closely keeping an eye
on the 8000 mark as it has become trend deciding level for next
few days. The hopeful bulls seems to have upper hand this time
as the price action in last couple of days indicate a move beyond
it to immediately test the 8050 mark. However, a failure to cross
this hurdle may result into some immediate correction towards
7911. The coming session may trade with some volatility on
account of April series derivative expiry on NSE.
Key Levels
Support 1 - 7940
Resistance 1 - 8000
Support 2 - 7911
Resistance 2 - 8050
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (16873)
The Nifty Bank index traded in a narrow range and ended the
session with loss of 0.76 percent over its previous sessions close.
In yesterday's trading session, the Nifty Bank index opened
negative due to weak opening by heavyweights such as Axis Bank
and ICICI Bank. Thereafter, the index consolidated in a range
which led to formation of a small 'doji' candle. So far, there is
positive momentum in the index and with no signs of reversal;
traders should trade in direction of the broader trend. Hence,
traders are advised not to create any short positions in the index.
Due to F&O expiry slated today, there could be stock specific
volatility and thus one should trade with proper risk management.
The intraday support for the Nifty Bank index are placed around
16780 and 16570 whereas resistance 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 28, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 8.20%
BankNifty futures open interest has decreased by 5.44%
as market closed at 7979.90 levels.
The Nifty April future closed at a premium of 10.45
points against a premium of 16.50 points. The May
series closed at a premium of 50.05 points.
The Implied Volatility of at the money options has
decreased from 16.01% to 15.63%.
The total OI of the market is Rs. 2,54,423/- cr. and the
stock futures OI is Rs. 64,842/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, JPASSOCIAT, GODREJIND,
IBREALEST and STAR.
Views
Market remained range bound yesterday but FIIs were
OI Gainers
active. They continue to flow liquidity in our market, they
OI
PRICE
SCRIP
OI
PRICE
bought equities to the tune of Rs. 411 crores. While in
CHG. (%)
CHG. (%)
NHPC
56889000
81.95
21.40
-7.56
Index Futures, they were net buyers of Rs. 844 crores with
significant rise in OI, suggesting fresh long formation in
MRF
41505
18.35
34809.60
-2.73
last trading session.
ONGC
24072000
17.77
222.25
3.42
KPIT
1724000
17.44
154.85
1.77
In Index Options front, FIIs bought of worth Rs. 359
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GODREJIND
1583400
15.45
357.25
0.52
crores with some rise in OI. In call options, 8050 strike
again added decent OI, followed by some unwinding in
7900 & 8000 strike. On the other hand, in put options,
OI Losers
we witness OI addition in 8000 strikes. Maximum OI in
OI
PRICE
SCRIP
OI
PRICE
current series is intact at 8000 call and 7800 put options.
CHG. (%)
CHG. (%)
ARVIND
4581500
-16.02
291.15
2.05
FIIs from last two trading sessions are forming huge
positions in Index Futures and these positions are more
PCJEWELLER
1437800
-14.46
365.75
2.45
likely to be on the long side. This is a positive indication
OIL
1372800
-13.79
328.90
2.89
for our market, one should avoid shorting. Rollover in
IFCI
65700000
-12.40
25.95
0.58
Nifty is at 63.00% and of BankNifty is at 47.10%.
M&MFIN
14624000
-11.59
307.55
1.42
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
NHPC
53.36
NIFTY
1.17
0.93
ADANIPORTS
49.85
BANKNIFTY
1.04
0.94
NCC
51.83
SBIN
0.52
0.34
ONGC
37.02
MARUTI
0.92
0.62
BHARTIARTL
39.56
RELIANCE
0.35
0.26
Strategy Date
Symbol
Strategy
Status
April 04, 2016
TCS
Ratio Bear Put Spread
Active
April 11, 2016
ITC
Short Strangle
Booked profit on 27-04-2016
April 18, 2016
NIFTY
Long Call
Active
April 25, 2016
SUNPHARMA
Long Put
Not Triggered
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Technical & Derivatives Report
April 28, 2016
FII Statistics for 27-April 2016
Turnover on 27-April 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
5306.12
4462.22
843.90
386061
22776.40
11.39
338944
19240.17
-36.71
FUTURES
FUTURES
INDEX
INDEX
34574.41
34214.96
359.45
1257179
74346.73
0.86
5419992
316610.72
-18.65
OPTIONS
OPTIONS
STOCK
19451.27
19282.34
168.93
1056847
52039.10
0.18
STOCK
FUTURES
1379077
68963.47
-0.46
FUTURES
STOCK
STOCK
3711.41
3910.10
(198.69)
106914
5325.01
2.95
OPTIONS
484898
25098.60
-13.32
OPTIONS
TOTAL
63043.21
61869.62
1173.59
2807001
154487.24
2.01
TOTAL
7622911
429912.97
-16.98
Nifty Spot = 7979.90
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8000
24.80
Buy
8000
32.55
22.45
77.55
8022.45
27.20
72.80
7972.80
Sell
8100
2.35
Sell
7900
5.35
Buy
8000
24.80
Buy
8000
32.55
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24.45
175.55
8024.45
31.35
168.65
7968.65
Sell
8200
0.35
Sell
7800
1.20
Buy
8100
2.35
Buy
7900
5.35
2.00
98.00
8102.00
4.15
95.85
7895.85
Sell
8200
0.35
Sell
7800
1.20
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 28, 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 28, 2016
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
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E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]
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