Technical & Derivatives Report
April 03, 2017
Sensex (29621) / Nifty (9174)
Exhibit 1: Nifty Daily Chart
It was the historical month for our markets as our benchmark
indices posted a monthly close on record highs. Although, 9200
has been yet to taken off convincingly, the overall buying interest
around 9050 - 9020 was certainly an encouraging factor for our
markets. Due to a decent recovery in last four days, the Nifty
eventually closed on a high note.
In the month gone by, we saw a range bound activity within 200
points post the gap up opening on the back of UP election
outcome. It was hard to surpass the 9200 mark as 61.8%
‘Reciprocal Retracement’ of the previous down move (from
8968.70 to 7893.80) converge around this level. But, having said
that, the weekly chart structure still looks sturdy and is poised for
much higher levels in the longer run. In addition, the rising slope
of ‘RSI-Smoothened’ on weekly chart after surpassing the
70
mark, continues to provide a credence for the projected up move
towards 9400 - 9600 (price extension of previous up move from
recent low of 7893.80) over the next few weeks. It’s very difficult
to give a time-wise prediction; but one needs to stay on the long
side as long as directional view is concerned. It’s advisable to use
intermediate dips to create fresh long positions in the market.
The base for the Nifty has shifted higher from 8850 to 9020,
which is another promising sign for our market
Key Levels
Support 1 - 9110
Resistance 1 - 9218
Support 2 - 9060
Resistance 2 - 9300
Nifty Bank Outlook - (21444)
Exhibit 2: Nifty Bank Daily Chart
On Friday's trading session, the Nifty Bank index opened on a
negative note and traded in a narrow range throughout the
session. The index posted loss of 0.82 percent over its previous
session's close.
On the weekly chart, the Nifty Bank index has formed another
bullish candle, indicating a continuation of the uptrend. The Nifty
PSU Bank index, as per our expectation, was the outperformed
during the week as the Nifty PSU Bank index gained 4.96 percent.
Since the upmove has been supported by good volumes, we
expect the positive momentum to continue in near term. Hence
we continue to advise traders to trade with positive bias. The
intraday supports for the Nifty Bank index are placed around
21337 and 21165 whereas resistances are seen around 21695
and 21793.
Key Levels
Support 1 - 21337
Resistance 1 - 21695
Support 2 - 21165
Resistance 2 - 21793
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Technical & Derivatives Report
April 03, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.87%
BankNifty futures open interest has increased by 1.41%
as market closed at 9173.75 levels.
The Nifty April future closed with a premium of 24.00
points against the premium of 15.75 points in last
trading session. The May series closed at a premium of
46.80 points.
The Implied Volatility of at the money options has
increased from 10.76% to 11.29%. At the same time, the
PCR-OI of Nifty has increased from 0.95 to 0.97 levels.
The total OI of the market is Rs. 2,49,907/- cr. and the
stock futures OI is Rs. 94,541/- cr.
Few of the liquid counters where we have seen high cost
of carry are IFCI, SUZLON, INDIACEM, NIITTECH and
DCBBANK.
Views
OI Gainers
OI
PRICE
On Friday, FIIs were net sellers in cash market segment;
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
they sold to the tune of Rs. 296 crores. While, in index
TORNTPHARM
232800
29.91
1534.50
3.12
futures they were marginal buyers with some rise in open
NIITTECH
712500
20.25
438.80
4.14
interest, suggesting blend of some long and short
JUSTDIAL
2901600
16.14
529.10
-2.89
formation in previous trading session.
JINDALSTEL
36171000
12.39
121.70
1.37
In index options, FIIs bought worth Rs. 754 crores with
JPASSOCIAT
169660000
12.39
13.85
-2.12
rise in open interest. In call options, 9200 and 9300
PCJEWELLER
966000
12.20
420.60
0.32
strikes added some positions. While, on the flip side,
BEML
2370600
11.26
1369.15
3.79
decent amount of open interest additions was seen in
VOLTAS
6260000
11.11
414.30
-0.44
9000-9200 put options. Highest open interest in April
series is placed at 9200 call and 9000 put option.
OI Losers
Despite being an expiry week, the overall market
OI
PRICE
remained quite range bound. Rollover in Nifty is low in
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
terms of percentage, but is on the higher side if open
KSCL
2694000
-6.56
554.85
1.64
interest is considered. Thus, hinting longs formed in last
CGPOWER
16620000
-5.33
78.20
1.36
series are still intact. In cash segment, FIIs pumped huge
ADANIPORTS
12345000
-3.99
340.25
0.01
liquidity after many years. Thus, looking at the above
AMARAJABAT
1768800
-3.63
893.40
1.93
data, we continue to remain upbeat on market and
CAIRN
28063000
-3.39
306.80
1.71
would suggest traders to use declines to form fresh longs.
VEDL
36687000
-3.16
257.45
1.48
PTC
14832000
-2.93
93.05
0.81
YESBANK
7338800
-2.26
1551.55
-0.26
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SOUTHBANK
35.23
NIFTY
0.97
0.87
NIITTECH
30.45
BANKNIFTY
0.81
0.76
VEDL
44.92
RELIANCE
0.54
0.40
BEML
34.55
SBIN
0.64
0.46
IOC
24.66
ICICIBANK
0.64
0.53
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Technical & Derivatives Report
April 03, 2017
FII Statistics for March 31, 2017
Turnover on March 31, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1809.17
1741.64
67.53
322234
22851.97
0.94
164718
12184.11
-63.19
FUTURES
FUTURES
INDEX
INDEX
19236.19
18482.17
754.02
686366
47698.68
6.64
1669985
129059.29
-81.57
OPTIONS
OPTIONS
STOCK
6830.95
7135.41
(304.45)
1174648
79594.76
2.16
STOCK
FUTURES
548656
40463.19
-65.68
FUTURES
STOCK
STOCK
4096.52
3809.46
287.06
29848
2241.07
1361.70
301556
22453.88
-48.56
OPTIONS
OPTIONS
TOTAL
31972.83
31168.68
804.14
2213096
152386.49
4.65
TOTAL
2684915
204160.47
-77.18
Nifty Spot = 9173.75
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9200
111.25
Buy
9200
114.80
47.05
52.95
9247.05
37.35
62.65
9162.65
Sell
9300
64.20
Sell
9100
77.45
Buy
9200
111.25
Buy
9200
114.80
78.25
121.75
9278.25
64.00
136.00
9136.00
Sell
9400
33.00
Sell
9000
50.80
Buy
9300
64.20
Buy
9100
77.45
31.20
68.80
9331.20
26.65
73.35
9073.35
Sell
9400
33.00
Sell
9000
50.80
Note: Above mentioned Bullish or Bearish Spreads in Nifty (April Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
April 03, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,411
1,429
1,439
1,457
1,467
ADANIPORTS
333
336
339
343
346
AMBUJACEM
231
234
236
239
240
ASIANPAINT
1,058
1,066
1,073
1,080
1,087
AUROPHARMA
667
671
674
678
681
AXISBANK
480
485
494
500
509
BAJAJ-AUTO
2,780
2,793
2,813
2,825
2,845
BANKBARODA
169
171
173
175
177
BHEL
634
642
650
658
666
BPCL
342
346
349
353
356
BHARTIARTL
319
323
326
329
332
INFRATEL
22,384
22,568
22,784
22,967
23,184
BOSCH
586
590
594
598
602
CIPLA
288
290
292
295
297
COALINDIA
2,599
2,616
2,630
2,647
2,661
DRREDDY
24,796
25,192
25,503
25,899
26,211
EICHERMOT
372
374
378
381
384
GAIL
1,030
1,040
1,056
1,065
1,081
GRASIM
854
864
877
888
900
HCLTECH
1,427
1,435
1,444
1,452
1,462
HDFCBANK
1,483
1,492
1,506
1,516
1,530
HDFC
3,189
3,205
3,217
3,233
3,245
HEROMOTOCO
188
192
194
197
199
HINDALCO
897
905
912
920
927
HINDUNILVR
978
988
994
1,004
1,011
ICICIBANK
271
274
278
281
286
IDEA
370
379
385
393
400
INDUSINDBK
1,390
1,408
1,419
1,437
1,449
INFY
999
1,010
1,020
1,032
1,041
ITC
276
278
281
283
285
KOTAKBANK
853
863
871
881
889
LT
1,532
1,553
1,574
1,595
1,615
LUPIN
1,433
1,439
1,447
1,453
1,461
M&M
1,262
1,275
1,285
1,297
1,307
MARUTI
5,898
5,957
5,999
6,058
6,100
NTPC
162
164
165
167
169
ONGC
183
184
185
186
187
POWERGRID
193
195
198
200
202
RELIANCE
1,237
1,279
1,308
1,350
1,380
SBIN
286
290
292
296
299
SUNPHARMA
679
684
689
693
698
TCS
2,403
2,418
2,429
2,443
2,455
TATAMTRDVR
278
280
283
285
287
TATAMOTORS
460
463
468
471
476
TATAPOWER
88
89
90
91
92
TATASTEEL
476
479
483
486
489
TECHM
450
455
459
464
469
ULTRACEMCO
3,901
3,943
3,999
4,041
4,097
WIPRO
507
511
514
519
522
YESBANK
1,524
1,536
1,545
1,557
1,566
ZEEL
525
530
536
541
546
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Technical & Derivatives Report
April 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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