Technical & Derivatives Report
August 01, 2017
Sensex (32515) / Nifty (10077)
Exhibit 1: Nifty Daily Chart
The week started on a strong positive note as Nifty 50 ended
with gains of 64.30 points or 0.64 % at 10077.10.
After a gap up opening, Index gradually moved higher to
form yet another bullish candle on the daily chart. Prices are
now trading above the 100% extension levels of previous up
move which coincides with an upward sloping trend line. This
is discordant to the nature of the pattern and indicates an
overbought scenario. With yesterday's momentum and
upcoming RBI policy, Bulls may aggrandize their gains but
likely to face hurdle around 10150 - 10200 levels. RSI and
STOCHASTIC remain in overbought conditions, marking
possible consolidation on cards.
We maintain our view of Index trading in a range of 9920 -
10150 with stock specific ideas to continue their
outperformance.
Key Levels
Support 1 - 10016
Resistance 1 - 10115
Support 2 - 9980
Resistance 2 - 10150
Nifty Bank Outlook - (25104)
Exhibit 2: Nifty Bank Daily Chart
In yesterday's session, the Nifty Bank index opened on a
positive note and continued its positive momentum throughout
the session. The index has comfortably closed above its
resistance zone on the back of positive momentum from the
index heavyweights. The Nifty PSU Bank too showed significant
outperformance led by SBI, which rallied by more than 4%
yesterday. Looking at the broader participation within the
stocks, traders are advised to trade with positive bias and
wisely select stocks, which have been moving higher with good
volumes. The intraday supports for the Nifty Bank index are
placed around 24900 and 24640 whereas resistances are
placed at 25238 and 25373.
Key Levels
Support 1 - 24900
Resistance 1 - 25238
Support 2 - 24640
Resistance 2 - 25373
www.angelbroking.com
Technical & Derivatives Report
August 01, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.28%
BankNifty futures open interest has decreased by 6.11%
as market closed at 10077.10 levels.
The Nifty August future closed with a premium of 25.90
points against the premium of 27.75 points in last
trading session. The September series closed at a
premium of 60.90 points.
The Implied Volatility of at the money options has
increased from 9.74 to 10.34. At the same time, the
PCR-OI of Nifty has increased from 1.22 levels to 1.28.
Few of the liquid counters where we have seen high cost
of carry are VGUARD, POWERGRID, SHREECEM,
BALRAMCHIN and TORNTPHARM.
Views
OI Gainers
FIIs were net sellers in cash market segment and index
OI
PRICE
SCRIP
OI
PRICE
futures. They sold equities to the tune of Rs. 1197 crores.
CHG. (%)
CHG. (%)
While, they were net sellers of Rs.426 crores with rise in
TORNTPHARM
295600
44.34
1310.75
5.14
open interest, suggesting continuation of short formation
LICHSGFIN
7419500
37.37
689.20
-4.30
in previous trading session.
POWERGRID
11912000
25.50
223.85
4.26
In index options front, they were net buyers of Rs. 1281
INFRATEL
6228800
22.58
402.50
-0.42
crores with rise in open interest. In call option, we hardly
SINTEX
25350750
22.18
37.25
2.19
saw relevant activity. On the flip side, 9900-10100 put
INFIBEAM
2031200
19.59
1425.95
8.63
options added good amount of build-up. Maximum open
VGUARD
4023000
17.84
176.00
-9.47
interest concentration in August series has shifted to
DRREDDY
3636200
16.69
2394.65
-3.43
9800 from 10000 put and of call option remains intact
in 10500 strike.
OI Losers
Since past two trading sessions, FIIs are forming good
OI
PRICE
SCRIP
OI
PRICE
amount of shorts in index futures along with index put
CHG. (%)
CHG. (%)
buying. However, their rollover data suggest they rolled
L&TFH
17842500
-9.06
174.60
2.65
majority of longs in August series. Thus, the overall
BEL
18121500
-7.98
178.40
0.14
remains unclear. Hence, until we don't see relevant profit
JSWENERGY
71969500
-7.73
70.85
-2.54
booking or follow up selling in index futures segment we
LT
9417000
-5.42
1186.10
2.93
would suggest traders to remain light in index and prefer
ONGC
47223750
-5.25
169.20
2.64
stock specific approach.
FEDERALBNK
82126000
-3.54
115.65
0.87
TATACHEM
4696500
-3.07
620.95
0.64
SIEMENS
652500
-2.61
1457.00
0.38
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
VGUARD
56.38
NIFTY
1.28
0.96
POWERGRID
25.42
BANKNIFTY
1.10
0.82
SHREECEM
38.50
RELIANCE
0.66
0.55
BALRAMCHIN
40.78
ITC
0.34
0.31
TORNTPHARM
36.49
SBIN
0.69
0.43
www.angelbroking.com
Technical & Derivatives Report
August 01, 2017
FII Statistics for July 31, 2017
Turnover on July 31, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
631.71
1057.43
(425.72)
238588
18544.18
4.24
131269
11403.38
-35.59
FUTURES
FUTURES
INDEX
INDEX
25465.93
24185.08
1280.86
869951
66937.99
4.48
2650839
242781.04
-7.31
OPTIONS
OPTIONS
STOCK
7003.72
6801.74
201.98
774403
54705.67
2.41
STOCK
FUTURES
680302
50783.04
-13.50
FUTURES
STOCK
STOCK
6705.05
6365.41
339.64
54914
4222.97
38.92
432964
33680.27
-9.54
OPTIONS
OPTIONS
Total
39806.42
38409.66
1396.76
1937856
144410.82
4.34
TOTAL
3895374
338647.73
-9.83
Nifty Spot = 10077.10
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10100
122.65
Buy
10100
122.35
47.80
52.20
10147.80
34.65
65.35
10065.35
Sell
10200
74.85
Sell
10000
87.70
Buy
10100
122.65
Buy
10100
122.35
80.95
119.05
10180.95
60.55
139.45
10039.45
Sell
10300
41.70
Sell
9900
61.80
Buy
10200
74.85
Buy
10000
87.70
33.15
66.85
10233.15
25.90
74.10
9974.10
Sell
10300
41.70
Sell
9900
61.80
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
Technical & Derivatives Report
August 01, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,709
1,721
1,740
1,752
1,771
ADANIPORTS
391
394
396
398
400
AMBUJACEM
260
261
263
265
267
ASIANPAINT
1,139
1,151
1,157
1,168
1,175
AUROPHARMA
704
711
722
729
740
AXISBANK
505
512
517
524
529
BAJAJ-AUTO
2,753
2,781
2,813
2,841
2,873
BANKBARODA
157
162
165
170
173
BPCL
463
467
473
477
482
BHARTIARTL
405
412
417
424
428
INFRATEL
390
396
401
407
412
BOSCHLTD
23,320
23,749
24,125
24,554
24,929
CIPLA
550
555
562
567
574
COALINDIA
245
247
250
252
254
DRREDDY
2,329
2,356
2,402
2,429
2,475
EICHERMOT
28,627
29,354
29,777
30,504
30,927
GAIL
369
373
379
383
390
HCLTECH
870
882
890
901
909
HDFCBANK
1,756
1,770
1,781
1,795
1,805
HDFC
1,731
1,760
1,780
1,809
1,829
HEROMOTOCO
3,577
3,616
3,645
3,684
3,712
HINDALCO
213
216
219
222
224
HINDUNILVR
1,133
1,144
1,153
1,165
1,174
IBULHSGFIN
1,135
1,155
1,172
1,192
1,209
ICICIBANK
292
297
302
307
312
IOC
362
365
369
372
376
INDUSINDBK
1,603
1,625
1,638
1,659
1,672
INFY
972
991
1,007
1,026
1,042
ITC
281
283
287
289
292
KOTAKBANK
1,003
1,012
1,022
1,031
1,041
LT
1,166
1,180
1,194
1,208
1,221
LUPIN
991
1,011
1,051
1,071
1,111
M&M
1,369
1,386
1,397
1,415
1,426
MARUTI
7,608
7,679
7,722
7,793
7,836
NTPC
160
162
164
167
169
ONGC
163
166
168
171
173
POWERGRID
211
217
221
227
230
RELIANCE
1,587
1,601
1,610
1,624
1,633
SBIN
292
302
308
318
324
SUNPHARMA
513
522
538
547
563
TCS
2,435
2,464
2,491
2,520
2,547
TATAMTRDVR
257
259
262
264
267
TATAMOTORS
440
442
446
448
452
TATAPOWER
80
81
82
83
84
TATASTEEL
546
556
564
575
582
TECHM
377
381
384
389
391
ULTRACEMCO
3,974
4,015
4,043
4,084
4,112
VEDANTA
273
276
279
282
285
WIPRO
286
287
289
290
292
YESBANK
1,769
1,789
1,824
1,844
1,878
ZEEL
536
539
542
545
548
www.angelbroking.com
Technical & Derivatives Report
August 01, 2017
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a
registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number
INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing
/dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed public
offering of securities of the company covered by *Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
www.angelbroking.com