Technical & Derivatives Report
April 29, 2016
Sensex (25603) / Nifty (7847)
Exhibit 1: Nifty Daily Chart
Yesterday’s session turned out to be a nightmare for the bulls as
the SGX Nifty first suddenly turned negative after the Bank of
Japan kept policy unchanged and then we saw a complete a
nosedive across the globe as the traders seemed stun after the
announcement. This had a rub off effect on our market as we
witnessed lower lows throughout the session. Eventually, the Nifty
ended with a sharp cut of 1.66%.
Looking at Wednesday’s close, the Nifty seemed poised for a
breakout above the 8000 mark. However, once again this strong
hurdle proved its significance, courtesy of such negative newsflow
from Japan. Although, we have seen a strong correction
yesterday, we do not want to immediately get carried away by the
momentum. Going forward, 7820 - 7800 would be seen as a
trend deciding zone for the Nifty. As long as this support level is
intact, we may expect Nifty bouncing back towards 7910 - 7950
levels. On the flipside, a breakdown below it may lead to change
in the near term trend.
Key Levels
Support 1 - 7800
Resistance 1 - 7910
Support 2 - 7750
Resistance 2 - 7950
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (16717)
Along with the broader markets, the Nifty Bank index too
corrected on the day of F&O expiry and ended the session with
loss of 0.92 percent over its previous day's close.
Although, the higher top higher bottom structure still remains
intact on the charts in the index, the RSI is showing initial signs of
negative crossover from its average after reaching the overbought
zone. This is a sign of cautious, though, it needs to be confirmed
with correction in price. Price range of last two trading sessions is
confined within the range of Tuesday's trading range, which is
known as 'Inside Bar'. Traders should, however, wait for
confirmation before anticipating any reversal in trend. One
should hence, stay cautious and focus on stock specific trades at
the moment. The intraday support in the index are placed around
16572 and 16450 whereas resistances are seen around 16900
and 17030.
Key Levels
Support 1 - 16572
Resistance 1 - 16900
Support 2 - 16450
Resistance 2 - 17030
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Technical & Derivatives Report
April 29, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 20.01%
BankNifty futures open interest has decreased by 24.15%
as market closed at 7847.25 levels.
The Nifty May future closed at a premium of 48.05
points against a premium of 50.05 points. The June
series closed at a premium of 63.10 points.
The Implied Volatility of at the money options has
decreased from 15.63% to 15.31%.
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, CESC, GMRINFRA, GRANULES
and JSWENERGY.
Views
FIIs activity was muted in cash market segment. In Index
OI Gainers
Futures they bought marginally with significant fall in OI,
OI
PRICE
SCRIP
OI
PRICE
due to expiry yesterday.
CHG. (%)
CHG. (%)
NHPC
70308000
23.59
21.05
-1.64
In Index Options front, FIIs sold of worth Rs. 405 crores
KPIT
2052000
19.03
162.45
4.40
with fall in OI. Being start of new series, build-up in
JUBLFOOD
1876200
9.89
1199.25
-10.53
options is quite scattered predominantly in call options.
HCLTECH
7089000
6.83
800.00
-4.69
8000-8300 strikes of call options are attracting trader’s
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HINDALCO
39105000
3.43
97.65
-4.78
attention. While in put options,
7700 strike has
maximum open interest and this level may now act as a
support for market. 7700 and 7900 strike added decent
OI Losers
amount of fresh buildup yesterday. Seeing the overall
OI
PRICE
SCRIP
OI
PRICE
statistic we would suggest trader to trade with a positive
CHG. (%)
CHG. (%)
IBREALEST
23742000
-35.80
63.65
10.89
bias in Nifty, we expect market to breach 8000 in May
series. Rollover in Nifty is one the higher side at 73.92%
PCJEWELLER
951600
-33.82
361.05
0.12
and of BankNifty is in line at 75.12%.
ADANIENT
11754000
-33.34
84.25
-2.09
HAVELLS
2786000
-32.74
338.70
-1.85
JUSTDIAL
1446500
-32.11
831.60
0.56
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JUBLFOOD
70.94
NIFTY
0.92
1.06
IBREALEST
70.16
BANKNIFTY
0.78
0.96
HCLTECH
30.64
RELIANCE
0.42
0.48
IDFC
47.88
SBIN
0.53
0.44
TATAELXSI
48.58
ICICIBANK
0.56
0.64
Strategy Date
Symbol
Strategy
Status
April 04, 2016
TCS
Ratio Bear Put Spread
Marginal loss on expiry
April 11, 2016
ITC
Short Strangle
Booked profit on 27-04-2016
April 18, 2016
NIFTY
Long Call
Booked marginal loss on 28-04-2016
April 25, 2016
SUNPHARMA
Long Put
Not Triggered
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Technical & Derivatives Report
April 29, 2016
FII Statistics for 28-April 2016
Turnover on 28-April 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
5353.79
5250.79
103.00
292909
17026.19
(24.13)
635289
36040.15
87.32
FUTURES
FUTURES
INDEX
INDEX
52341.18
52745.90
(404.72)
686924
40290.82
(45.36)
10934251
634755.00
100.48
OPTIONS
OPTIONS
STOCK
15236.80
16587.96
(1351.16)
926204
44848.42
(12.36)
STOCK
FUTURES
1541497
77475.49
12.34
FUTURES
STOCK
STOCK
3181.42
3053.92
127.50
1529
81.39
(98.57)
OPTIONS
522049
27225.90
8.48
OPTIONS
TOTAL
76113.19
77638.57
(1525.38)
1907566
102246.82
(32.04)
TOTAL
13633086
775496.53
80.38
Nifty Spot = 7847.25
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7900
129.55
Buy
7800
94.35
45.25
54.75
7945.25
28.65
71.35
7771.35
Sell
8000
84.30
Sell
7700
65.70
Buy
7900
129.55
Buy
7800
94.35
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77.90
122.10
7977.90
49.90
150.10
7750.10
Sell
8100
51.65
Sell
7600
44.45
Buy
8000
84.30
Buy
7700
65.70
32.65
67.35
8032.65
21.25
78.75
7678.75
Sell
8100
51.65
Sell
7600
44.45
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
April 29, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,389
1,414
1,432
1,457
1,475
ADANIPORTS
230
233
237
240
245
AMBUJACEM
213
216
223
226
232
ASIANPAINT
855
864
879
888
904
AUROPHARMA
747
756
767
776
788
AXISBANK
457
462
467
473
477
BAJAJ-AUTO
2,425
2,456
2,512
2,544
2,600
BANKBARODA
157
159
161
163
165
BHEL
121
123
126
128
131
BPCL
939
951
970
982
1,001
BHARTIARTL
362
367
376
382
391
INFRATEL
363
367
374
378
385
BOSCH
19,559
19,754
20,042
20,237
20,525
CIPLA
514
521
532
540
551
COALINDIA
277
281
287
291
297
DRREDDY
3,027
3,055
3,100
3,128
3,172
EICHERMOT
19,942
20,118
20,245
20,421
20,549
GAIL
352
358
367
373
382
GRASIM
4,063
4,090
4,113
4,140
4,163
HCLTECH
780
790
807
816
833
HDFCBANK
1,094
1,104
1,120
1,130
1,147
HDFC
1,054
1,070
1,098
1,114
1,142
HEROMOTOCO
2,848
2,874
2,913
2,939
2,979
HINDALCO
93
95
99
101
105
HINDUNILVR
856
866
881
892
907
ICICIBANK
233
237
242
246
251
IDEA
123
125
127
128
130
INDUSINDBK
1,018
1,026
1,038
1,046
1,057
INFY
1,186
1,198
1,219
1,230
1,251
ITC
315
319
325
329
336
KOTAKBANK
686
694
706
714
726
LT
1,236
1,248
1,265
1,277
1,295
LUPIN
1,549
1,563
1,574
1,587
1,599
M&M
1,305
1,325
1,361
1,381
1,417
MARUTI
3,660
3,704
3,779
3,823
3,898
NTPC
134
135
138
140
143
ONGC
209
213
219
223
229
POWERGRID
139
140
143
144
147
RELIANCE
974
985
1,002
1,014
1,031
SBIN
187
189
194
196
201
SUNPHARMA
788
795
807
814
826
TCS
2,480
2,504
2,522
2,546
2,564
TATAMTRDVR
296
299
303
306
310
TATAMOTORS
403
407
414
418
425
TATAPOWER
68
68
70
71
72
TATASTEEL
336
342
352
358
368
TECHM
462
471
477
487
493
ULTRACEMCO
3,108
3,138
3,183
3,214
3,259
WIPRO
543
548
556
561
569
YESBANK
902
924
938
960
973
ZEEL
397
401
406
410
414
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Technical & Derivatives Report
April 29, 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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