Technical & Derivatives Report
December 31, 2015
Sensex (25960) / Nifty (7896)
Exhibit 1: Nifty Daily Chart
Yesterday’s session too opened on a muted note owing to
subdued global bourses. During the first half, Nifty remained
within a narrow range; however, a modest correction towards
the fag end led to close tad below the 7900 mark.
Yesterday too, we witnessed a dull movement in the market
with a mildly negative bias, which was very much expected
considering lack of interest among traders community. We
maintain our view that traders should keep booking profits
once the Nifty reaches mentioned levels of 7950 - 7970. This
resistance zone coincides with the recent high and the daily
’89 EMA’ and thus, a slightly cautious approach is required.
On the flipside, 7852 would now be seen as an immediate
support level for the index. Today's session may trade with a
slight volatility on account of December series derivatives
expiry.
Key Levels
Support 1 - 7852
Resistance 1 - 7950
Support 2 - 7800
Resistance 2 - 7970
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (16918)
Yesterday, the Bank Nifty opened on a flat note and moved in
the sideways direction in the first half of the session. However,
we witnessed a sharp fall in the latter part, which pulled the
index below Tuesday’s low of 16921.15. The Bank Nifty
traded with a negative bias for most part of the session and
eventually ended with a loss of 0.43 percent over its previous
close.
Yesterday, the Bank Nifty closed below the Tuesday’s low
(Doji) on the daily chart, which can be a trigger for the short
term correction in the banking index. At current juncture, the
Bank Nifty needs a decisive move above 17045 - 17100 zone
for further rally in upcoming session. Failure to do so may
lead to an immediate correction towards 16760.
Key Levels
Support 1 - 16760
Resistance 1 - 17045
Support 2 - 16600
Resistance 2 - 17100
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Technical & Derivatives Report
December 31, 2015
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.61%
BankNifty futures open interest has increased by 1.62%
as market closed at 7896.25 levels.
The Nifty December future closed at a premium of 5.65
points against a premium of 3.10 points. The January
series closed at a premium of 28.80 points.
The Implied Volatility of at the money options has
increased from 11.65% to 11.94 %.
The total OI of the market is Rs. 2,64,859/- cr. and the
stock futures OI is Rs. 72,221/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, NMDC, HAVELLS, RCOM and
IDBI.
OI Gainers
Views
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
FIIs were net buyer in cash market segment to the tune of
UNIONBANK
21417000
17.26
149.15
-1.75
Rs. 152 crores. While in Index Futures, they bought of
AJANTPHARM
1040800
13.67
1343.95
-0.03
worth Rs. 330 crores with rise in open interest, indicating
ADANIPOWER
89520000
12.80
31.60
3.78
long formation in last trading session.
IBULHSGFIN
11356800
10.49
730.90
-0.32
In Index Options front, FIIs were net sellers of worth Rs.
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BPCL
7220400
10.37
891.05
-1.45
227 crores with rise in open interest. In call options,
good amount of addition was seen in 7950 strike. While,
OI Losers
in put options, 7850 strike added decent positions;
OI
PRICE
whereas, some unwinding was witnessed in 7900, 7800
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
and 7700 put options. Maximum build-up in current
KSCL
2567250
-17.62
318.05
-8.76
series in seen in 8000 call and 7500 put options.
APOLLOHOSP
828400
-12.95
1461.70
-0.09
Rollover for Nifty and BankNifty was at 59.32 and 52.30
APOLLOTYRE
12795000
-11.61
155.35
-1.08
percent respectively.
EXIDEIND
8534000
-11.28
147.10
0.38
NMDC
19700000
-11.16
90.45
-0.82
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
KSCL
80.76
NIFTY
0.87
0.87
ZEEL
30.09
BANKNIFTY
0.92
0.94
TATAGLOBAL
33.49
SBIN
0.48
0.37
JINDALSTEL
54.65
RELIANCE
0.81
0.57
DISHTV
32.03
LT
0.48
0.34
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
December 28, 2015
MARUTI
Raito Bear Put Spread
Active
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Technical & Derivatives Report
December 31, 2015
FII Statistics for 30-December 2015
Turnover on 30-December 2015
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3384.52
3054.04
330.48
343230
19952.37
9.41
276041
15689.89
-24.43
FUTURES
FUTURES
INDEX
INDEX
16696.10
16923.20
(227.10)
1304297
76407.19
2.14
4099069
239629.07
10.20
OPTIONS
OPTIONS
STOCK
14374.41
14625.02
(250.62)
1158128
58089.49
2.38
STOCK
FUTURES
1072452
54818.85
0.30
FUTURES
STOCK
STOCK
1132.29
1216.21
(83.91)
87497
4332.40
(1.37)
OPTIONS
273897
14661.36
0.35
OPTIONS
TOTAL
35587.32
35818.47
(231.15)
2893152
158781.44
2.94
TOTAL
5721459
324799.17
5.64
Nifty Spot = 7896.25
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7900
20.20
Buy
7900
18.45
18.95
81.05
7918.95
16.80
83.20
7883.20
Sell
8000
1.25
Sell
7800
1.65
Buy
7900
20.20
Buy
7900
18.45
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19.90
180.10
7919.90
17.75
182.25
7882.25
Sell
8100
0.30
Sell
7700
0.70
Buy
8000
1.25
Buy
7800
1.65
0.95
99.05
8000.95
0.95
99.05
7799.05
Sell
8100
0.30
Sell
7700
0.70
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 31, 2015
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,337
1,343
1,351
1,358
1,366
ADANIPORTS
259
260
263
264
267
AMBUJACEM
203
204
205
206
207
ASIANPAINT
871
874
879
882
887
AXISBANK
450
452
456
459
463
BAJAJ-AUTO
2,488
2,501
2,523
2,536
2,558
BANKBARODA
153
154
157
159
161
BHARTIARTL
328
330
335
338
342
BHEL
167
168
170
171
172
BOSCHLTD
18,198
18,386
18,543
18,730
18,887
BPCL
877
884
896
903
914
CAIRN
135
136
138
139
141
CIPLA
647
650
653
657
660
COALINDIA
318
320
322
325
327
DRREDDY
3,074
3,097
3,135
3,158
3,196
GAIL
359
364
368
372
376
GRASIM
3,678
3,702
3,725
3,749
3,772
HCLTECH
825
833
846
853
866
HDFC
1,222
1,228
1,236
1,242
1,251
HDFCBANK
1,067
1,071
1,076
1,080
1,086
HEROMOTOCO
2,695
2,704
2,718
2,727
2,742
HINDALCO
83
84
85
86
86
HINDUNILVR
850
854
858
862
867
ICICIBANK
260
261
263
264
266
IDEA
139
140
141
142
143
INDUSINDBK
956
962
966
972
976
INFY
1,068
1,077
1,092
1,101
1,116
ITC
323
325
326
328
329
KOTAKBANK
702
706
708
712
714
LT
1,271
1,277
1,288
1,294
1,304
LUPIN
1,820
1,828
1,839
1,847
1,858
M&M
1,250
1,256
1,266
1,272
1,282
MARUTI
4,534
4,561
4,602
4,628
4,670
NTPC
142
144
145
147
148
ONGC
237
239
241
242
244
PNB
115
116
119
120
122
POWERGRID
140
140
141
142
142
RELIANCE
994
999
1,008
1,013
1,022
SBIN
222
224
227
229
232
VEDL
91
91
92
93
94
SUNPHARMA
795
802
814
822
834
TATAMOTORS
388
391
393
395
397
TATAPOWER
67
67
68
68
69
TATASTEEL
252
255
259
262
265
TCS
2,383
2,401
2,430
2,447
2,477
TECHM
515
520
524
529
533
ULTRACEMCO
2,752
2,768
2,796
2,812
2,840
WIPRO
549
553
561
565
573
YESBANK
727
731
734
737
741
ZEEL
410
419
424
434
439
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Technical & Derivatives Report
December 31, 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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