Technical & Derivatives Report
March 03, 2017
Sensex (28840) / Nifty (8900)
Exhibit 1: Nifty Daily Chart
A strong overnight rally in US markets had a rub off effect on our
opening yesterday as we witnessed a gap up opening with more
than 30 points in Nifty. However, Nifty failed to test the 9000
mark and kept on sliding lower post the initial hour. In fact, a
strong bout of selling in latter half of the day led to a close tad
below the 8900 mark with a cut of more than half a percent from
previous day’s close.
Honestly speaking, yesterday’s strong corrective move in the
second half was slightly unexpected for us. The Nifty fell more
than 110 points from morning high, which is not an encouraging
sign. However, we still believe that 8867 - 8820 levels on
intraday charts are likely to act as a sheet anchor in the
forthcoming session and hence, traders are advised not to get
worried with this sharp down move. For the coming session, the
range has widen a bit which is 8983 - 8867. Traders are
advised to use these dips to initiate long positions rather than
creating fresh shorts in the market. Undertone still remains bullish
and we would continue with the anticipation of a new all time
high soon.
Key Levels
Support 1 - 8867
Resistance 1 - 8950
Support 2 - 8820
Resistance 2 - 8983
Nifty Bank Outlook - (20560)
Exhibit 2: Nifty Bank Daily Chart
In line with the broader indices, the Nifty Bank index too opened
with upside gap in yesterday’s session. But, the banking index
started correcting from initial trades. The sell got accelerated in
later half of the session and eventually ended the session with loss
of 1.08 percent over its previous close.
From last eight trading sessions, the Nifty Bank index is trading in
a broader range of
20450 -
21042. Despite the ‘Bearish
Engulfing’ on daily chart in yesterday’s session; traders should not
go short on Nifty Bank index till it sustains above the ‘gap area’ of
20295 - 20450 formed on February 17, 2017. Going forward,
immediate supports for the Nifty Bank index are placed around
20450 and 20295; whereas resistances are seen around 20755
and 20905.
Key Levels
Support 1 - 20450
Resistance 1 - 20755
Support 2 - 20295
Resistance 2 - 20905
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Technical & Derivatives Report
March 03, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.69%
BankNifty futures open interest has decreased by 5.46%
as market closed at 8899.75 levels.
The Nifty March future closed with a premium of 17.45
points against the premium of 30.25 points in last
trading session. The April series closed at a premium of
51.20 points.
The Implied Volatility of at the money options has
decreased from 12.42% to 12.20%. At the same time,
the PCR-OI of Nifty has decreased from 1.00 to 0.98
levels.
The total OI of the market is Rs. 2,90,536/- cr. and the
stock futures OI is Rs. 86,443/- cr.
Few of the liquid counters where we have seen high cost
of carry are JSWENERGY, L&TFH, RPOWER,
SOUTHBANK and OFSS.
Views
FIIs were net buyers in both cash market segment and
OI Gainers
index futures. They bought equities to the tune of Rs. 123
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
crores. While, in index futures they were net buyers of
BIOCON
3232200
23.75
1035.55
-7.56
worth Rs. 874 crores with good amount of rise in option
NTPC
31600000
16.81
156.90
-2.55
interest, suggesting blend of both long formation and
BPCL
14947200
14.71
639.45
-3.67
some short covering in previous trading session.
BHARATFIN
12889000
13.11
799.60
-2.93
In index options, FIIs were sellers of Rs. 1134 crores with
ALBK
16120000
7.90
70.40
-4.61
rise in open interest. In call options, out the money strike
NIITTECH
891000
7.41
409.95
-2.28
9500 added good amount of positions. We also
ULTRACEMCO
2365400
7.02
3822.75
2.11
witnessed some build-up in 8900 and 9000 call options.
On the other hand, in put options, we hardly saw any
GODREJIND
1102500
6.68
483.05
-3.77
meaningful open interest addition; however, 8900 and
9000 strikes added some positions. Highest open interest
OI Losers
in March series is placed at 9000 call and of put options
OI
PRICE
SCRIP
OI
PRICE
has shifted from 8500 to 8800 strike price.
CHG. (%)
CHG. (%)
TORNTPHARM
219600
-17.32
1367.95
-0.38
Despite market being under pressure yesterday, FIIs
IBREALEST
33180000
-16.51
79.40
-6.53
formed fresh longs in Index futures and they also covered
WOCKPHARMA
2885400
-15.56
713.40
-4.92
some of their shorts formed few days ago. However,
meaningful longs formed in last few months are still
VOLTAS
4018000
-9.91
368.35
-1.96
intact. At current juncture, 8800-8850 is an important
HDIL
29912000
-9.45
67.95
-3.34
support for market. Thus, traders are suggested to trade
PAGEIND
26200
-9.34
14410.30
-0.56
with positive bias unless we see any relevant profit
IGL
1532300
-8.95
1035.80
-1.68
booking or short formation in index futures by FIIs.
DISHTV
24080000
-8.83
94.65
-2.62
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BIOCON
47.01
NIFTY
0.98
0.91
DLF
61.72
BANKNIFTY
0.44
0.91
IBREALEST
56.61
RELIANCE
0.77
0.45
BAJAJ-AUTO
19.49
ICICIBANK
0.54
0.47
IDFC
37.54
SBIN
0.45
0.41
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Technical & Derivatives Report
March 03, 2017
FII Statistics for March 02, 2017
Turnover on March 02, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2726.39
1851.92
874.48
278264
19031.48
(1.67)
260884
19250.52
47.32
FUTURES
FUTURES
INDEX
INDEX
46475.27
47608.88
(1133.62)
841705
56930.98
3.43
8188245
659168.91
135.32
OPTIONS
OPTIONS
STOCK
8144.25
8409.59
(265.33)
970905
65082.55
0.68
STOCK
FUTURES
691328
50211.87
19.45
FUTURES
STOCK
STOCK
3904.92
3950.72
(45.80)
63884
4366.98
16.06
325174
24565.15
22.82
OPTIONS
OPTIONS
TOTAL
61250.84
61821.11
(570.27)
2154758
145412.00
1.83
TOTAL
9465631
753196.45
112.03
Nifty Spot = 8899.75
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8900
130.90
Buy
8900
113.70
47.15
52.85
8947.15
36.45
63.55
8863.55
Sell
9000
83.75
Sell
8800
77.25
Buy
8900
130.90
Buy
8900
113.70
82.00
118.00
8982.00
62.95
137.05
8837.05
Sell
9100
48.90
Sell
8700
50.75
Buy
9000
83.75
Buy
8800
77.25
34.85
65.15
9034.85
26.50
73.50
8773.50
Sell
9100
48.90
Sell
8700
50.75
Note: Above mentioned Bullish or Bearish Spreads in Nifty (March Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
6000,000
Call
Put
5000,000
4000,000
3000,000
2000,000
1000,000
,0
8400
8500
8600
8700
8800
8900
9000
9100
9200
9300
9400
9500
9600
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Technical & Derivatives Report
March 03, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,379
1,393
1,416
1,431
1,453
ADANIPORTS
283
289
297
302
311
AMBUJACEM
224
226
230
232
236
ASIANPAINT
1,015
1,022
1,033
1,040
1,052
AUROPHARMA
655
662
673
679
691
AXISBANK
494
500
510
516
526
BAJAJ-AUTO
2,770
2,801
2,823
2,854
2,876
BANKBARODA
157
159
163
166
170
BHEL
153
156
160
162
167
BPCL
609
622
644
657
678
BHARTIARTL
345
351
358
365
372
INFRATEL
285
287
290
293
296
BOSCH
21,412
21,510
21,623
21,722
21,835
CIPLA
584
586
589
592
595
COALINDIA
314
318
322
326
330
DRREDDY
2,833
2,852
2,881
2,899
2,928
EICHERMOT
22,932
23,191
23,591
23,850
24,251
GAIL
490
496
505
510
519
GRASIM
976
986
999
1,009
1,022
HCLTECH
831
838
846
852
860
HDFCBANK
1,364
1,372
1,384
1,392
1,404
HDFC
1,379
1,389
1,402
1,412
1,426
HEROMOTOCO
3,154
3,192
3,227
3,265
3,300
HINDALCO
183
186
191
194
199
HINDUNILVR
868
873
878
883
888
ICICIBANK
273
276
280
283
288
IDEA
105
107
111
113
117
INDUSINDBK
1,284
1,295
1,315
1,326
1,346
INFY
1,011
1,017
1,023
1,029
1,034
ITC
259
262
266
269
273
KOTAKBANK
803
810
819
826
835
LT
1,454
1,464
1,480
1,490
1,505
LUPIN
1,437
1,449
1,466
1,478
1,496
M&M
1,285
1,305
1,333
1,353
1,381
MARUTI
5,841
5,880
5,939
5,978
6,038
NTPC
152
154
157
159
163
ONGC
191
192
193
194
196
POWERGRID
186
188
191
193
196
RELIANCE
1,212
1,224
1,240
1,252
1,267
SBIN
261
264
270
273
278
SUNPHARMA
655
666
683
694
712
TCS
2,454
2,478
2,494
2,518
2,534
TATAMTRDVR
275
279
282
286
289
TATAMOTORS
446
454
461
469
476
TATAPOWER
80
80
82
82
83
TATASTEEL
484
489
498
503
511
TECHM
493
496
501
504
509
ULTRACEMCO
3,700
3,759
3,804
3,863
3,909
WIPRO
484
487
491
494
499
YESBANK
1,394
1,409
1,435
1,450
1,476
ZEEL
491
496
504
509
517
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Technical & Derivatives Report
March 03, 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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