Technical & Derivatives Report
June 29, 2016
Sensex (26525) / Nifty (8128)
Exhibit 1: Nifty Hourly Chart
Yesterday's session opened on a flat note in-line with muted
global cues. Subsequently, we witnessed a gradual up move
throughout the session to reclaim the 8100 mark on a closing
basis.
Our markets are clearly showing their outperformance over the
global peers since last three sessions. Yesterday, we saw some
strength to test the 8150 mark. However, if we meticulously
observe the hourly chart, we can clear see a cluster of resistances
around it. Technical evidences such as, the '89 EMA' and the
61.8% Fibonacci retracement level of the recent fall converges at
8150. Thus, at least for a day or two, it would be a daunting task
for the bulls to overcome it. Although, we maintain our positive
stance on the market directionally, we expect a minor a pull back
towards 8070 - 8050 levels. On the flipside, 8150 - 8180 would
be seen as immediate resistances for the index.
Key Levels
Support 1 - 8070
Resistance 1 - 8150
Support 2 - 8050
Resistance 2 - 8180
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (17562)
In yesterday's trading session, the Nifty Bank index traded in a
narrow range of 146 points throughout the session and ended
the day with marginal gains of 0.27 percent over its previous
session's close.
The rangebound trading sessions and small body candles in the
index indicates lack of directional momentum. Technically, the
index seem to have formed a broader trading range from 16945
to 17910 and is expected to trade within this range in near term.
At current juncture, unless any signs of directional movement
seen, traders should focus on stock specific moves rather than
trading in the index. Within the above mentioned range, there
could be increasing volatility and thus one should maintain
proper risk management strategy on trading position. The
intraday support for the index is placed around 17340 and
17260; whereas, resistances are seen around 17630 and 17780.
Key Levels
Support 1 - 17340
Resistance 1 - 17630
Support 2 - 17260
Resistance 2 - 17780
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Technical & Derivatives Report
June 29, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 5.91%
BankNifty futures open interest has decreased by 1.58%
as market closed at 8127.85 levels.
The Nifty June future closed with a premium of 8.20
points against a premium of 9.90 points in previous
session. The July series closed at a premium of 38.70
points.
The Implied Volatility of at the money options has
decreased from 19.15% to 18.50%.
The total OI of the market is Rs. 2,56,555/- cr. and the
stock futures OI is Rs. 66,524/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, JPASSOCIAT, CROMPGREAV,
IDFC and NMDC.
Views
OI Gainers
FIIs were net sellers in both cash market segment and in
OI
PRICE
Index Futures. They sold equities to the tune of Rs. 190
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
crores. While in Index Futures they were net sellers of Rs.
GODREJIND
1764000
19.85
394.40
2.61
792 crores with good amount of rise in open interest,
HCLTECH
8802600
18.40
713.20
-2.96
indicating fresh short formation in last trading session.
TATACOMM
3957000
16.34
459.80
2.14
On Index Options front, FIIs bought worth Rs. 1404
crores with some rise in open interest. In Call options,
ENGINERSIN
2843600
15.88
203.20
2.51
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8200-8300 strikes added decent amount of OI, we
ABIRLANUVO
2002750
12.89
1164.00
3.39
believe it’s more of writing in these call strikes. Some
unwinding was also visible in 8000 call option. On the
OI Losers
other hand in Put options, OI addition was seen in 8050-
OI
PRICE
SCRIP
OI
PRICE
8150 strikes; these are mostly long formation expecting
CHG. (%)
CHG. (%)
market to correct in last two trading session of June
ALBK
13624000
-26.67
68.30
3.33
series. Seeing continous writing in
8150-8300 call
UCOBANK
6240000
-24.46
40.80
3.93
options, it seems expiry may be below 8150 levels, if any
CANBK
14266000
-13.89
215.10
0.26
bounce above these levels trader should buy 8150 puts.
PNB
45050000
-10.97
104.30
1.07
Rollovers in Nifty and BankNifty are on the higher side at
ORIENTBANK
12966000
-9.73
106.75
0.56
46.03% and 39.04% respectively.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HINDUNILVR
25.37
NIFTY
1.07
1.08
LUPIN
35.70
BANKNIFTY
1.12
0.97
IOC
26.35
SBIN
0.90
0.75
ADANIENT
64.99
TATAMOTORS
0.69
0.66
SIEMENS
25.23
RELIANCE
0.44
0.53
Strategy Date
Symbol
Strategy
Status
May 30, 2016
TCS
Ratio Bull Call Spread
Active
June 06, 2016
NIFTY
Long Call
Exited at Cost
June 13, 2016
ONGC
Ratio Bull Call Spread
Active
June 20, 2016
MARUTI
Long Call Ladder
Active
June 27, 2016
PNB
Long Call Ladder
Active
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Technical & Derivatives Report
June 29, 2016
FII Statistics for 28-June 2016
Turnover on 28-June 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
5481.57
6273.52
(791.95)
251385
15342.23
7.61
343335
20433.56
-7.06
FUTURES
FUTURES
INDEX
INDEX
23410.34
22006.59
1403.76
1290032
77800.13
1.97
4621886
275664.03
-10.29
OPTIONS
OPTIONS
STOCK
18766.67
19075.72
(309.06)
1038382
56040.67
(3.21)
STOCK
FUTURES
1114756
59802.58
6.00
FUTURES
STOCK
STOCK
3063.95
3098.43
(34.48)
133908
6966.83
2.12
OPTIONS
393372
20850.58
-12.01
OPTIONS
TOTAL
50722.53
50454.26
268.27
2713707
156149.85
0.41
TOTAL
6473349
376750.74
-7.97
Nifty Spot = 8127.85
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8100
68.40
Buy
8100
32.10
47.55
52.45
8147.55
21.70
78.30
8078.30
Sell
8200
20.85
Sell
8000
10.40
Buy
8100
68.40
Buy
8100
32.10
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63.85
136.15
8163.85
27.95
172.05
8072.05
Sell
8300
4.55
Sell
7900
4.15
Buy
8200
20.85
Buy
8000
10.40
16.30
83.70
8216.30
6.25
93.75
7993.75
Sell
8300
4.55
Sell
7900
4.15
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
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Technical & Derivatives Report
June 29, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,573
1,585
1,598
1,611
1,623
ADANIPORTS
200
201
204
206
208
AMBUJACEM
248
250
253
255
257
ASIANPAINT
971
975
980
985
990
AUROPHARMA
721
725
730
735
740
AXISBANK
508
511
516
519
524
BAJAJ-AUTO
2,582
2,603
2,636
2,658
2,691
BANKBARODA
149
152
153
156
158
BHEL
117
118
119
120
121
BPCL
1,035
1,043
1,049
1,057
1,063
BHARTIARTL
349
353
356
360
363
INFRATEL
325
332
336
343
348
BOSCH
20,544
21,034
21,297
21,787
22,050
CIPLA
482
490
494
502
507
COALINDIA
308
311
312
315
317
DRREDDY
3,215
3,244
3,264
3,294
3,314
EICHERMOT
18,492
18,829
19,027
19,365
19,563
GAIL
371
374
378
381
386
GRASIM
4,338
4,399
4,436
4,497
4,534
HCLTECH
694
704
721
730
747
HDFCBANK
1,140
1,154
1,163
1,177
1,186
HDFC
1,204
1,216
1,224
1,237
1,244
HEROMOTOCO
2,975
2,998
3,036
3,058
3,096
HINDALCO
116
117
119
120
122
HINDUNILVR
848
868
879
899
910
ICICIBANK
228
231
232
235
237
IDEA
99
102
103
106
108
INDUSINDBK
1,070
1,077
1,084
1,091
1,098
INFY
1,145
1,152
1,162
1,169
1,180
ITC
355
362
366
372
376
KOTAKBANK
733
738
743
748
753
LT
1,454
1,464
1,478
1,488
1,501
LUPIN
1,449
1,497
1,523
1,571
1,596
M&M
1,376
1,392
1,403
1,419
1,430
MARUTI
4,025
4,052
4,067
4,094
4,109
NTPC
145
147
149
150
152
ONGC
209
210
211
212
213
POWERGRID
153
154
155
156
157
RELIANCE
952
955
958
961
965
SBIN
213
215
217
218
220
SUNPHARMA
754
759
769
775
785
TCS
2,431
2,447
2,475
2,492
2,520
TATAMTRDVR
280
284
290
294
299
TATAMOTORS
425
433
440
448
455
TATAPOWER
71
72
72
73
73
TATASTEEL
304
308
311
315
318
TECHM
492
497
505
509
517
ULTRACEMCO
3,362
3,381
3,410
3,429
3,458
WIPRO
538
540
543
546
549
YESBANK
1,051
1,061
1,072
1,081
1,092
ZEEL
430
434
437
440
443
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Technical & Derivatives Report
June 29, 2016
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
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E-mail: [email protected]
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E-mail: [email protected]
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