Technical & Derivatives Report
November 28, 2016
Sensex (26316) / Nifty (8114)
Exhibit 1: Nifty Daily Chart
The Nifty opened with marginal gains on Friday. After some
bearish ticks in initial trades, the index started rallying and
continued to make higher highs throughout the session. The bulls
were strong enough to pull the index higher to reclaim the 8100
mark.
Due to Friday’s move, the Nifty has managed to close above the
‘5-Day EMA’ for the first time in the last 10 trading sessions. In
fact, this smart recovery led to a formation of ‘Dragonfly Doji’
pattern on weekly chart around the strong support of
50%
retracement of the entire rally from February’s low and on the
weekly ’89 EMA’. Going ahead, we expect this bounce to extend
towards 8250-8330 level. Momentum traders are advised to stay
on the long side, as 8055-7952 would now be seen as a strong
support zone.
Key Levels
Support 1 - 8055
Resistance 1 - 8150
Support 2 - 7952
Resistance 2 - 8250
Nifty Bank Outlook - (18507)
Exhibit 2: Nifty Bank Daily Chart
Although the Nifty bank index traded in a narrow range on
Friday, the index showed positive momentum in last hour of
trade.
The index has taken support near the low registered on 9th
November from where the index posted sharp upmove in couple
of trading sessions. Also, if we observe the individual
heavyweights within the sector, some of them are trading near
their long-term support and are indicating signs of a pullback
upmove. Hence, we continue to advise traders to refrain from
creating short positions and look for stock specific buying
opportunities with a short- term perspective. The intraday supports
for the Nifty Bank index are placed around 18360 and 18215
whereas resistances are seen around 18665and 18865.
Key Levels
Support 1 - 18360
Resistance 1 - 18665
Support 2 - 18215
Resistance 2 - 18865
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Technical & Derivatives Report
November 28, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 4.68%
BankNifty futures open interest has decreased by 3.31%
as market closed at 8114.30 levels.
The Nifty December future closed with a premium of
12.05 against the premium of 47.60 points in last
trading session. The January series closed at a premium
of 40.05 points.
The Implied Volatility of at the money options has
decreased from 15.88% to 14.74%. At the same time,
the PCR-OI of Nifty has increased from 0.97 to 1.00
levels.
The total OI of the market is Rs. 1,98,830/- cr. and the
stock futures OI is Rs. 62,861/- cr.
Few of the liquid counters where we have seen high cost
of carry are IFCI, GMRINFRA, ADANIPOWER, NHPC and
JPASSOCIAT.
Views
OI Gainers
On Friday, FIIs continue to sell in cash market segment;
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
they sold equities worth Rs. 373 crores. While, in index
PCJEWELLER
898500
23.51
341.45
-0.55
futures, they bought to the tune of Rs. 638 crores with
PFC
10716000
22.58
133.15
4.76
rise in open interest, indicating fresh long formation in
IGL
1085700
20.07
839.25
1.01
previous trading session.
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IBREALEST
30000000
13.72
70.80
5.99
In Index options segment, FIIs were net buyers of Rs.
BHARATFIN
5546000
13.58
702.75
2.14
2422 crores with rise in open interest. In call option,
COLPAL
491400
13.23
921.45
-0.89
8400 strike added some build-up. While, 8000 and
WOCKPHARMA
3500400
12.19
678.00
0.80
7900 put options continued adding good amount of
SRF
385000
11.76
1526.05
4.80
open interest. Highest OI in December series is visible in
8500 call and 8000 put option.
We witness mixed positions in last week but most of the
OI Losers
positions formed by FIIs were on long side. While, they
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
continue buying in Stock Futures. At current juncture,
TATAELXSI
1726000
-11.48
1242.65
6.82
7900-7950 is a strong support for market. Taking into
AMBUJACEM
14232500
-9.26
203.20
0.64
consideration the overall data, we believe there is limited
INDUSINDBK
4543800
-6.77
1075.65
2.31
downside as of now. Thus, trades can trade with a
INFY
12572000
-6.01
977.75
4.48
positive bias keeping strict stop loss.
BHEL
31340000
-5.32
127.30
1.80
Large cap counters that added fresh long positions are
BAJAJ-AUTO
1199250
-5.03
2616.25
-0.97
ADANIPORTS, DRREDDY, TATASTEEL, GAIL and
AXISBANK.
TITAN
9240000
-4.95
317.85
2.86
SUNPHARMA
25261400
-4.25
714.45
4.12
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
INFY
32.17
NIFTY
1.00
0.83
HEXAWARE
50.44
BANKNIFTY
0.72
0.69
TECHM
45.42
SBIN
0.58
0.47
TCS
38.54
RELIANCE
0.61
0.45
HCLTECH
35.08
INFY
0.68
0.41
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2
Technical & Derivatives Report
November 28, 2016
FII Statistics for November 25, 2016
Turnover on November 25, 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1940.28
1301.94
638.34
142483
8977.65
3.76
245992
15920.43
-57.69
FUTURES
FUTURES
INDEX
INDEX
31331.74
28910.06
2421.68
803205
49591.75
12.34
2324818
154966.92
-75.09
OPTIONS
OPTIONS
STOCK
6955.71
5921.85
1033.86
805353
48304.14
1.12
STOCK
FUTURES
503441
32253.04
-65.18
FUTURES
STOCK
STOCK
2692.37
2559.10
133.27
27340
1695.60
690.40
OPTIONS
228224
15223.98
-50.72
OPTIONS
TOTAL
42920.10
38692.95
4227.15
1778381
108569.15
7.64
TOTAL
3302475
218364.38
-72.12
Nifty Spot = 8114.30
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8200
108.25
Buy
8100
138.60
40.65
59.35
8240.65
33.85
66.15
8066.15
Sell
8300
67.60
Sell
8000
104.75
Buy
8200
108.25
Buy
8100
138.60
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68.35
131.65
8268.35
60.90
139.10
8039.10
Sell
8400
39.90
Sell
7900
77.70
Buy
8300
67.60
Buy
8000
104.75
27.70
72.30
8327.70
27.05
72.95
7972.95
Sell
8400
39.90
Sell
7900
77.70
Note: Above mentioned Bullish or Bearish Spreads in Nifty (December Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
November 28, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,281
1,295
1,313
1,327
1,345
ADANIPORTS
252
259
262
269
273
AMBUJACEM
196
200
202
205
207
ASIANPAINT
931
938
946
953
960
AUROPHARMA
700
721
732
753
764
AXISBANK
462
467
470
474
478
BAJAJ-AUTO
2,578
2,595
2,621
2,638
2,664
BANKBARODA
163
165
168
171
174
BHEL
124
125
126
128
129
BPCL
629
634
641
646
653
BHARTIARTL
295
298
302
305
309
INFRATEL
350
353
358
361
366
BOSCH
18,564
18,702
18,889
19,027
19,214
CIPLA
540
552
561
574
583
COALINDIA
299
302
303
306
308
DRREDDY
3,022
3,095
3,149
3,223
3,277
EICHERMOT
19,524
19,873
20,286
20,635
21,048
GAIL
397
407
414
423
430
GRASIM
794
809
817
832
840
HCLTECH
753
777
795
819
837
HDFCBANK
1,145
1,167
1,180
1,202
1,215
HDFC
1,190
1,217
1,237
1,264
1,284
HEROMOTOCO
2,990
3,018
3,056
3,084
3,123
HINDALCO
175
178
181
184
187
HINDUNILVR
820
827
832
839
845
ICICIBANK
255
257
260
263
265
IDEA
71
72
73
75
75
INDUSINDBK
1,030
1,052
1,067
1,089
1,104
INFY
910
944
964
998
1,019
ITC
220
224
227
232
235
KOTAKBANK
738
745
752
760
767
LT
1,322
1,346
1,361
1,385
1,400
LUPIN
1,418
1,463
1,491
1,536
1,564
M&M
1,143
1,158
1,168
1,183
1,194
MARUTI
4,744
4,809
4,857
4,922
4,970
NTPC
153
157
160
164
167
ONGC
273
275
278
280
282
POWERGRID
183
186
188
191
193
RELIANCE
980
987
991
998
1,003
SBIN
255
258
261
264
267
SUNPHARMA
674
694
705
726
737
TCS
2,152
2,226
2,267
2,341
2,382
TATAMTRDVR
276
282
287
293
298
TATAMOTORS
437
445
451
458
464
TATAPOWER
69
69
70
71
72
TATASTEEL
391
400
407
416
423
TECHM
451
469
479
497
508
ULTRACEMCO
3,427
3,462
3,486
3,521
3,545
WIPRO
445
455
461
471
477
YESBANK
1,108
1,138
1,155
1,185
1,202
ZEEL
421
430
441
450
460
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Technical & Derivatives Report
November 28, 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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