Technical & Derivatives Report
August 02, 2017
Sensex (32575) / Nifty (10115)
Exhibit 1: Nifty Daily Chart
Our markets continued their winning streak ahead of the key
RBI monetary policy. Although, the session has been watchful,
the overall bias remains positive as we saw Nifty concluding
the session tad above the 10100 mark.
Going by the current developments on the economy front,
general consensus have already been made for a cut of
25bps in this policy. So going by this scenario, one can
conclude that the recent rally in the market has come in the
anticipation of this move and it seems to be already
discounted in the market. Going ahead, traders would be
closely keeping a track of this event and any surprising
outcome on either sides would dictate the near term direction.
Technically speaking, it’s very difficult to participate in such
kind of extended moves and hence, we would like to continue
with our recent stock specific approach. We would still advise
staying light in the market and avoid taking undue risks as the
market is at present placed in the vicinity of strong near term
hurdles. For the coming session, 10150 would the level to
watch out for on a sustainable basis; whereas, on the
downside, 10030 - 9944 would be seen as immediate and
important support levels.
Key Levels
Support 1 - 10030
Resistance 1 - 10150
Support 2 - 9944
Resistance 2 - 10177
Nifty Bank Outlook - (25123)
Exhibit 2: Nifty Bank Daily Chart
Ahead of the RBI monetary policy, the Nifty Bank index traded
in a narrow range in yesterday's trading session and ended
the session with negligible gains.
On the day of RBI Monetary policy outcome, the indices
usually tend to trade in a range before the policy outcome and
trades with higher volatility post the announcement. So far, the
recent trend for the Nifty Bank index and the sectoral
heavyweights has been positive. However, since we have
already seen a decent run-up in last few weeks, any
disappointing outcome could lead to a profit booking move in
the Nifty Bank index. Although, we would prefer to adopt a
wait and watch approach and advise traders to stay light on
the positions. The intraday supports for the Nifty Bank index
are placed around 24830 and 24650 whereas resistances are
seen around 25320 and 25490.
Key Levels
Support 1 - 24830
Resistance 1 - 25320
Support 2 - 24650
Resistance 2 - 25490
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Technical & Derivatives Report
August 02, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.21%
BankNifty futures open interest has decreased by 1.18%
as market closed at 10114.65 levels.
The Nifty August future closed with a premium of 23.80
points against the premium of 25.90 points in last
trading session. The September series closed at a
premium of 59.50 points.
The Implied Volatility of at the money options has
increased from 10.34 to 10.43. At the same time, the
PCR-OI of Nifty has increased from 1.28 levels to 1.31.
Few of the liquid counters where we have seen high cost
of carry are INFIBEAM, GMRINFRA, SOUTHBANK, IDFC
and REPCOHOME.
Views
FIIs were net sellers in cash market segment and index
OI Gainers
futures. They sold equities to the tune of Rs. 946 crores.
OI
PRICE
While, they were net sellers of Rs.
421crores with
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
marginal change in open interest, suggesting blend of
MARICO
5046600
77.75
326.80
-2.59
long unwinding and short formation in previous trading
TORNTPOWER
6123000
66.07
183.25
-0.16
session.
CHENNPETRO
2136000
50.53
399.25
8.24
In index options front, they were net sellers of Rs. 341
TECHM
10709600
28.34
403.70
4.32
crores with rise in open interest. In call option,
VOLTAS
3798000
22.67
529.50
5.14
10350-10400 strikes added some fresh position,
EICHERMOT
128000
19.77
31575.40
4.52
followed by unwinding in 10300 call option. On the flip
HEROMOTOCO
1060000
16.38
3751.25
2.09
side, we saw decent buildup in
10000-10100 put
GODREJCP
1661600
14.37
968.40
-6.82
options. Maximum open interest concentration in August
series is now placed at 10500 call and 10000 put
OI Losers
option.
OI
PRICE
Despite an important event lined up today, we could
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
hardly see any major activity from FIIs desk in F&O
HEXAWARE
2973000
-28.24
255.90
-2.81
segment. However, from the beginning of August series
TORNTPHARM
261200
-11.64
1292.00
-1.43
FIIs have been shorting index futures along with longs in
SINTEX
22493625
-11.27
36.30
-2.55
index put options. While, looking at the rollovers figure it
SRTRANSFIN
6246000
-9.11
1036.70
1.05
seems they rolled majority of their long positions in index
SIEMENS
595500
-8.74
1403.45
-3.68
futures. Thus, the overall data remains unclear. Hence,
INDIGO
2314200
-8.12
1263.20
-1.52
until we don't see meaningful unwinding to their longs in
PETRONET
14490000
-6.83
211.95
3.16
index futures, traders are advised to avoid direction trade
SHREECEM
34600
-6.61
18692.30
-0.15
in index and prefer stock specific approach.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
GODREJCP
47.60
NIFTY
1.31
1.03
VOLTAS
40.54
BANKNIFTY
0.97
0.84
EICHERMOT
33.66
RELIANCE
0.62
0.57
PETRONET
27.14
ITC
0.34
0.21
CHENNPETRO
62.00
SBIN
0.60
0.52
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Technical & Derivatives Report
August 02, 2017
FII Statistics for August 01, 2017
Turnover on August 01, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
466.92
887.56
(420.64)
237248
18502.10
(0.56)
116950
10224.35
-10.34
FUTURES
FUTURES
INDEX
INDEX
30960.00
31300.87
(340.87)
890585
68924.51
2.37
2800215
254339.21
4.76
OPTIONS
OPTIONS
STOCK
6729.54
6831.12
(101.58)
784701
55573.42
1.33
STOCK
FUTURES
630956
47694.42
-6.08
FUTURES
STOCK
STOCK
5609.08
5435.49
173.60
66013
5024.78
20.21
369080
29021.75
-13.83
OPTIONS
OPTIONS
Total
43765.54
44455.04
(689.50)
1978547
148024.82
2.10
TOTAL
3917201
341279.74
0.78
Nifty Spot = 10114.65
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10100
140.45
Buy
10100
106.10
53.50
46.50
10153.50
30.70
69.30
10069.30
Sell
10200
86.95
Sell
10000
75.40
Buy
10100
140.45
Buy
10100
106.10
90.80
109.20
10190.80
53.00
147.00
10047.00
Sell
10300
49.65
Sell
9900
53.10
Buy
10200
86.95
Buy
10000
75.40
37.30
62.70
10237.30
22.30
77.70
9977.70
Sell
10300
49.65
Sell
9900
53.10
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
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Technical & Derivatives Report
August 02, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,720
1,729
1,740
1,749
1,761
ADANIPORTS
393
399
402
407
411
AMBUJACEM
256
258
262
265
269
ASIANPAINT
1,128
1,138
1,151
1,161
1,173
AUROPHARMA
709
722
732
744
754
AXISBANK
511
514
518
521
525
BAJAJ-AUTO
2,785
2,804
2,817
2,837
2,850
BANKBARODA
160
162
164
166
169
BPCL
467
476
482
491
496
BHARTIARTL
409
413
418
422
427
INFRATEL
395
399
403
408
411
BOSCHLTD
23,869
24,268
24,577
24,976
25,286
CIPLA
555
559
562
566
570
COALINDIA
247
249
251
253
256
DRREDDY
2,332
2,382
2,420
2,470
2,508
EICHERMOT
29,719
30,612
31,106
31,999
32,493
GAIL
368
371
376
379
384
HCLTECH
867
875
887
895
907
HDFCBANK
1,756
1,777
1,793
1,814
1,830
HDFC
1,733
1,756
1,778
1,801
1,822
HEROMOTOCO
3,642
3,685
3,711
3,754
3,781
HINDALCO
219
222
225
228
230
HINDUNILVR
1,145
1,160
1,168
1,183
1,191
IBULHSGFIN
1,155
1,190
1,211
1,246
1,267
ICICIBANK
299
301
303
305
307
IOC
365
368
372
374
378
INDUSINDBK
1,623
1,644
1,659
1,681
1,695
INFY
988
997
1,007
1,016
1,026
ITC
284
286
287
289
291
KOTAKBANK
1,004
1,010
1,017
1,023
1,030
LT
1,160
1,175
1,187
1,202
1,213
LUPIN
1,002
1,010
1,024
1,032
1,047
M&M
1,392
1,411
1,422
1,441
1,452
MARUTI
7,639
7,747
7,834
7,942
8,029
NTPC
162
164
165
166
168
ONGC
165
166
168
170
172
POWERGRID
219
222
224
226
229
RELIANCE
1,575
1,589
1,606
1,620
1,637
SBIN
304
306
311
313
317
SUNPHARMA
523
529
535
540
547
TCS
2,475
2,488
2,504
2,518
2,534
TATAMTRDVR
259
261
263
264
266
TATAMOTORS
442
444
448
451
455
TATAPOWER
80
82
82
84
84
TATASTEEL
565
569
572
576
579
TECHM
392
397
405
411
419
ULTRACEMCO
4,028
4,048
4,071
4,091
4,115
VEDANTA
279
280
282
283
284
WIPRO
286
291
293
298
300
YESBANK
1,796
1,812
1,825
1,840
1,854
ZEEL
533
539
545
550
556
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Technical & Derivatives Report
August 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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