Technical & Derivatives Report
February 02, 2017
Sensex (28142) / Nifty (8716)
Exhibit 1: Nifty Daily Chart
Finally, our Finance Minister presented the Union Budget for FY
2017 - 2018, which was much awaited event for the market
participants. Last year our markets bottomed out on the Budget
day and this time, we witnessed a massive intraday up move post
the announcement to add another 1.81% to the recent upward
leg of the rally.
Now, going back to our previous article, we once again did not
get carried away by Tuesday’s correction and in fact, interpreted
this as a healthy development. During the day, Nifty managed to
find a strong support in the vicinity of mentioned support zone of
8560 - 8500. Due to this massive broad based rally, the Nifty
almost tested our expected level of 8737. We continue with our
statement that the trend is so strong and one should look to ride
the tide rather than looking for resistances or overbought
conditions. Traders should look for potential buying candidates as
the Nifty is poised for higher levels of 8805 - 8893. On the
flipside, 8672 - 8620 would act as a strong support zone.
Key Levels
Support 1 - 8672
Resistance 1 - 8805
Support 2 - 8620
Resistance 2 - 8893
Nifty Bank Outlook - (20021)
Exhibit 2: Nifty Bank Daily Chart
It was a remarkable day for the traders as the Nifty Bank index
continued with its uptrend and rallied higher throughout the
session. The index formed another large body bullish candle and
ended the session with gains of 2.59 percent.
Quite on our expected lines, the Nifty Bank index continued with
its uptrend and led the broader indices higher. The individual
heavyweights within the sector too showed significant up move.
With no signs of reversal in trend and the momentum reading
continuing to show strength, we continue with our optimistic
stance on the index and its components. The Nifty PSU Bank
index too is showing strength and could continue with its up
move. The near term supports for the Nifty Bank index are placed
around 19800 and 19655 whereas resistance is seen in the
range of 20280-20350.
Key Levels
Support 1 - 19800
Resistance 1 - 20280
Support 2 - 19655
Resistance 2 - 20350
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Technical & Derivatives Report
February 02, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 7.58%
BankNifty futures open interest has increased by 24.15%
as market closed at 8716.40 levels.
The Nifty February future closed with a premium of
21.50 points against the premium of 23.00 points in last
trading session. The March series closed at a premium of
49.60 points.
The Implied Volatility of at the money options has
decreased from 16.15% to 12.24%. At the same time,
the PCR-OI of Nifty has increased from 0.98 to 1.00
levels.
The total OI of the market is Rs. 2,75,143/- cr. and the
stock futures OI is Rs. 81,707/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, GMRINFRA, SOUTHBANK,
DLF and ADANIPOWER.
Views
OI Gainers
OI
PRICE
Yesterday, FIIs activity in cash market segment was
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
subdued. While in index futures, they were net buyer to
INDUSINDBK
5798400
28.31
1314.30
4.63
the tune of Rs. 119 crores with good amount of rise in
KOTAKBANK
9961600
21.82
778.40
0.43
open interest, suggesting blend of long and short
NTPC
21032000
21.21
170.15
-0.70
formation in last trading session.
HDIL
37992000
18.43
66.45
6.07
In Index Options segment, FIIs bought worth Rs. 2210
AMARAJABAT
675000
16.58
905.25
0.94
crores with some rise in open interest. In call options,
DLF
33490000
16.51
144.80
6.82
8800 and 9000 strikes remained active and they also
GODREJIND
1140000
15.85
437.80
2.16
added decent positions. On the other hand, in put
JPASSOCIAT
166056000
15.63
12.60
9.57
option, some build-up was visible in 8500-8700 strikes
prices. Highest open interest in current series remains
intact at 9000 call and 8400 put options.
OI Losers
OI
PRICE
Yesterday, post ‘Union Budget’ market rallied 1.79%. We
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
witnessed good amount of long formation in both Nifty
ABIRLANUVO
2736000
-8.32
1399.15
3.02
and BankNifty. Although, FIIs formed mixed positions in
PIDILITIND
1053000
-7.71
692.70
2.56
Index Futures yesterday, majority of positions formed
IBREALEST
33610000
-6.82
77.80
2.84
were on long side. At present, we are hardly witnessing
CEATLTD
1628900
-6.47
1211.70
3.39
any relevant profit booking or fresh short positions in
JINDALSTEL
49968000
-5.66
83.50
4.11
Index. While, longs formed in last couple of weeks are
GRASIM
7352250
-5.04
944.10
3.29
still intact. Thus, we continue to remain optimistic in near
AJANTPHARM
540400
-4.99
1702.85
-0.37
term and would suggest traders to trade with a positive
GODREJCP
480800
-4.45
1622.20
2.23
bias.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
INDIACEM
59.70
NIFTY
1.00
0.95
MARUTI
31.39
BANKNIFTY
1.07
0.85
M&M
33.64
ICICIBANK
0.56
0.58
ITC
34.11
INFY
0.49
0.92
BOSCHLTD
41.42
IDEA
1.21
0.76
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Technical & Derivatives Report
February 02, 2017
FII Statistics for February 01, 2017
Turnover on February 01, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3380.92
3261.70
119.22
251447
16938.52
8.56
426728
29940.59
86.68
FUTURES
FUTURES
INDEX
INDEX
87032.00
84821.63
2210.38
956130
63789.86
1.10
7387024
533515.35
151.69
OPTIONS
OPTIONS
STOCK
11083.20
11530.22
(447.02)
975951
64433.39
2.02
STOCK
FUTURES
833923
57786.27
21.14
FUTURES
STOCK
STOCK
6461.41
6387.98
73.43
59217
4078.95
11.18
475546
34165.48
27.46
OPTIONS
OPTIONS
TOTAL
107957.54
106001.53
1956.01
2242745
149240.73
2.53
TOTAL
9123221
655407.69
116.65
Nifty Spot = 8716.40
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8800
76.00
Buy
8700
90.20
34.30
65.70
8834.30
32.40
67.60
8667.60
Sell
8900
41.70
Sell
8600
57.80
Buy
8800
76.00
Buy
8700
90.20
54.90
145.10
8854.90
53.55
146.45
8646.45
Sell
9000
21.10
Sell
8500
36.65
Buy
8900
41.70
Buy
8600
57.80
20.60
79.40
8920.60
21.15
78.85
8578.85
Sell
9000
21.10
Sell
8500
36.65
Note: Above mentioned Bullish or Bearish Spreads in Nifty (February Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
February 02, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,389
1,429
1,452
1,492
1,516
ADANIPORTS
289
297
301
309
314
AMBUJACEM
226
230
233
238
241
ASIANPAINT
957
974
987
1,005
1,018
AUROPHARMA
651
659
669
677
687
AXISBANK
452
464
472
484
492
BAJAJ-AUTO
2,786
2,820
2,846
2,880
2,906
BANKBARODA
162
168
171
176
179
BHEL
134
137
139
142
144
BPCL
664
678
688
702
712
BHARTIARTL
335
340
345
350
355
INFRATEL
282
288
296
302
310
BOSCH
21,342
22,321
23,160
24,139
24,979
CIPLA
560
566
573
579
586
COALINDIA
304
308
311
316
318
DRREDDY
2,904
2,953
2,993
3,041
3,082
EICHERMOT
22,618
23,324
23,756
24,462
24,894
GAIL
454
470
479
494
503
GRASIM
910
925
935
950
960
HCLTECH
763
789
804
829
845
HDFCBANK
1,269
1,287
1,299
1,317
1,328
HDFC
1,352
1,382
1,400
1,430
1,448
HEROMOTOCO
3,119
3,203
3,254
3,338
3,389
HINDALCO
182
190
195
204
209
HINDUNILVR
839
846
857
865
875
ICICIBANK
255
268
276
289
296
IDEA
100
104
108
112
116
INDUSINDBK
1,220
1,264
1,290
1,334
1,359
INFY
897
907
915
925
933
ITC
255
262
266
274
278
KOTAKBANK
723
750
766
794
810
LT
1,429
1,459
1,477
1,508
1,526
LUPIN
1,416
1,445
1,465
1,494
1,514
M&M
1,200
1,251
1,279
1,331
1,359
MARUTI
5,772
5,976
6,090
6,293
6,407
NTPC
167
169
171
173
175
ONGC
196
198
202
204
207
POWERGRID
203
204
206
208
210
RELIANCE
1,030
1,040
1,045
1,055
1,061
SBIN
258
264
268
275
278
SUNPHARMA
608
617
627
636
646
TCS
2,103
2,136
2,188
2,220
2,272
TATAMTRDVR
327
336
341
350
355
TATAMOTORS
515
529
537
550
558
TATAPOWER
78
79
80
81
82
TATASTEEL
450
463
469
481
488
TECHM
427
438
448
459
468
ULTRACEMCO
3,624
3,702
3,748
3,826
3,871
WIPRO
445
450
456
461
467
YESBANK
1,370
1,391
1,404
1,426
1,438
ZEEL
480
492
499
512
519
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Technical & Derivatives Report
February 02, 2017
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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