Technical & Derivatives Report
December 28, 2015
Sensex (25850) / Nifty (7866)
Exhibit 1: Nifty Daily Chart
During the week, the Nifty not only managed to hold the 7800
mark but also surpassed the hurdle of 7852.90. Ideally, such
price development should have been followed by a good
upward momentum, while the same was clearly missing
throughout the latter half of the week.
Despite this, the Nifty has closed above its previous week’s
high and thus, has confirmed a bullish ‘Piercing Pattern’ on
the weekly chart. It’s advisable not to short the index at this
juncture as it is now gradually heading towards 7950 - 7970
levels. In fact, traders with a positive bias should now trail their
stop losses at 7730. A move below this level may result in
petering out of the ongoing optimism. We expect the Nifty to
continue to remain range bound in the forthcoming week also
and thus, due to lack of trade set up in the index, it’s advisable
to focus on individual stocks. We continue to recommend
trading with a proper exit strategy and avoiding undue risks.
Key Levels
Support 1 - 7852
Resistance 1 - 7950
Support 2 - 7800
Resistance 2 - 7970
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (16883)
In Thursday's trading session, although, the Nifty Bank index
opened on a marginal positive note and then traded with a
flat to negative bias to end the session with marginal losses of
0.42%. However, on weekly basis, the index has closed on a
positive note with gains of about 1.31% over its previous
weeks close.
The Nifty Bank index, along with the benchmark indices have
moved higher in last few trading sessions. But broadly, it has
underperformed the benchmark indices which are now
showing signs of consolidation. We are hence expecting the
index to consolidate in a narrow range in next couple of
sessions. The near term support for the index is placed around
16678 and 16565 whereas resistance are seen around
17000 (61.8% retracement of the previous corrective move)
and 17080 (gap resistance zone). Since the moves can be
quite muted, traders are advised to trade on stock specific
moves with proper risk management strategies.
Key Levels
Support 1 - 16678
Resistance 1 - 17000
Support 2 - 16565
Resistance 2 - 17080
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Technical & Derivatives Report
December 28, 2015
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.44%
BankNifty futures open interest has decreased by 0.67%
as market closed at 7861.05 levels.
The Nifty December future closed at a premium of 10.70
points against a discount of 1.95 points. The January
series closed at a premium of 41.10 points.
The Implied Volatility of at the money options has
increased from 10.54% to 10.69 %.
The total OI of the market is Rs. 2,52,471/- cr. and the
stock futures OI is Rs. 70,214/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, UNITECH, JINDALSTEL,
GMRINFRA and MARICO.
Views
OI Gainers
OI
PRICE
SCRIP
OI
PRICE
FIIs were net sellers in cash market segment, they sold to
CHG. (%)
CHG. (%)
the tune of Rs. 112 crores. While in Index Futures, they
BIOCON
3458400
28.17
509.50
5.46
bought of worth Rs. 354 crores with rise in open interest,
RELINFRA
10797800
20.19
494.05
7.45
indicating long formation in last trading session.
SUNTV
10902000
14.28
414.65
4.88
In Index Options front, FIIs were net sellers of worth Rs.
TVSMOTOR
8396000
12.76
286.10
-1.73
257 crores with marginal change in open interest. In call
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IOB
13230000
10.92
30.85
-0.48
options, 7950 strike added decent buildup; followed by
unwinding in 7900 call options. While in put options,
OI Losers
7850 strike added some build-up. Maximum build-up in
OI
PRICE
current series in seen in 8000 call and 7500 put options.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
FIIs forming longs in Index Futures from last two trading
DLF
55430000
-5.34
114.45
-1.72
sessions, while in previous correction we hardly saw any
WOCKPHARMA
3906375
-4.91
1562.30
-0.82
selling pressure. Seeing the above data, we believe one
KSCL
3952500
-4.63
344.35
1.23
should trade with a positive bias in Nifty, till we don’t see
PIDILITIND
893000
-4.39
554.05
0.55
any meaningful changes in data.
HINDALCO
48305000
-3.96
85.35
1.37
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
0.83
0.92
BIOCON
34.45
BANKNIFTY
0.94
0.94
RELINFRA
53.12
SBIN
0.53
0.34
SUNTV
39.56
RELIANCE
0.79
0.71
JUBLFOOD
39.99
LT
0.49
0.32
L&TFH
26.50
Strategy Date
Symbol
Strategy
Status
November 30, 2015
LT
Long Put
Profit Booked on Dec 11, 2015
December 07, 2015
BANKNIFTY
Raito Bear Put Spread
Active
December 14, 2015
HINDALCO
Long Call
Profit Booked on Dec 23, 2015
December 21, 2015
RELIANCE
Raito Bull Call Spread
Active
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Technical & Derivatives Report
December 28, 2015
FII Statistics for 24-December 2015
Turnover on 24-December 2015
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1593.63
1239.24
354.39
253169
14529.94
2.50
166824
9302.04
-30.64
FUTURES
FUTURES
INDEX
INDEX
9978.64
10235.45
(256.81)
1268066
73997.02
0.01
2491503
144648.39
-18.68
OPTIONS
OPTIONS
STOCK
STOCK
6183.65
6082.99
100.66
1085281
54209.94
(0.09)
FUTURES
576960
29967.73
16.28
FUTURES
STOCK
1460.76
1531.52
(70.76)
87622
4299.60
0.99
STOCK
OPTIONS
253593
13666.97
9.45
OPTIONS
TOTAL
19216.68
19089.20
127.49
2694138
147036.50
0.23
TOTAL
3488880
197585.13
-13.92
Nifty Spot = 7861.05
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7900
30.00
Buy
7800
17.65
22.15
77.85
7922.15
11.70
88.30
7788.30
Sell
8000
7.85
Sell
7700
5.95
Buy
7900
30.00
Buy
7800
17.65
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27.70
172.30
7927.70
14.40
185.60
7785.60
Sell
8100
2.30
Sell
7600
3.25
Buy
8000
7.85
Buy
7700
5.95
5.55
94.45
8005.55
2.70
97.30
7697.30
Sell
8100
2.30
Sell
7600
3.25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Dec. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
December 28, 2015
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,331
1,338
1,346
1,353
1,361
ADANIPORTS
251
255
258
261
265
AMBUJACEM
199
201
203
205
206
ASIANPAINT
869
876
880
886
890
AXISBANK
445
448
451
455
458
BAJAJ-AUTO
2,453
2,468
2,482
2,497
2,512
BANKBARODA
156
157
158
160
161
BHARTIARTL
325
331
336
343
347
BHEL
170
171
173
174
176
BOSCHLTD
18,022
18,114
18,232
18,324
18,442
BPCL
897
900
904
908
912
CAIRN
135
137
138
140
141
CIPLA
640
644
649
653
658
COALINDIA
317
320
324
327
331
DRREDDY
2,977
2,994
3,021
3,038
3,065
GAIL
357
360
362
364
367
GRASIM
3,684
3,701
3,726
3,743
3,767
HCLTECH
850
855
861
866
871
HDFC
1,214
1,222
1,233
1,241
1,253
HDFCBANK
1,065
1,069
1,073
1,078
1,081
HEROMOTOCO
2,668
2,682
2,692
2,707
2,717
HINDALCO
83
84
85
86
87
HINDUNILVR
858
861
865
868
872
ICICIBANK
253
256
260
262
266
IDEA
138
140
141
143
144
INDUSINDBK
927
936
943
952
959
INFY
1,083
1,089
1,097
1,104
1,111
ITC
319
321
323
325
327
KOTAKBANK
694
697
701
705
708
LT
1,279
1,287
1,294
1,302
1,309
LUPIN
1,787
1,795
1,809
1,817
1,831
M&M
1,242
1,250
1,260
1,268
1,279
MARUTI
4,558
4,578
4,606
4,626
4,655
NTPC
138
139
139
140
140
ONGC
229
232
236
238
242
PNB
118
119
120
122
123
POWERGRID
139
139
140
141
142
RELIANCE
990
996
1,001
1,006
1,012
SBIN
226
227
229
230
232
VEDL
90
91
92
93
94
SUNPHARMA
780
785
792
797
804
TATAMOTORS
374
378
382
386
389
TATAPOWER
65
66
66
67
68
TATASTEEL
258
261
263
266
269
TCS
2,391
2,413
2,425
2,447
2,460
TECHM
512
515
518
520
524
ULTRACEMCO
2,796
2,805
2,816
2,825
2,836
WIPRO
552
555
557
560
562
YESBANK
715
720
725
729
734
ZEEL
405
408
413
416
421
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Technical & Derivatives Report
December 28, 2015
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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