Technical & Derivatives Report
August 03, 2017
Sensex (32477) / Nifty (10081)
Exhibit 1: Nifty Daily Chart
Yesterday, we saw our markets opening with a mildly positive
bias owing to favorable cues from the global peers.
Subsequently, index remained within a narrow range just
ahead of the RBI policy due to minor profit taking at higher
levels. However, post the announcement, the index corrected
by a small margin as the outcome (25bps cut in Repo rate)
from the event was very much in line with general consensus.
Now, the much awaited trigger of this policy is gone and
index has already hit new record highs with a massive velocity.
Going ahead, if market has to extend this rally, it would look
for some other cues may be on domestic or global front. But,
we continue to mention that the index now needs some kind of
a breather to maintain its multi-year bull run. We expect the
index to consolidate first in a slightly narrow range of 200 -
250 points. As far as levels are concerned, 10150 remain to
be an immediate hurdle; whereas, on the downside, 10030 -
9944 would be seen as immediate and important support
levels. At this juncture, a prudent strategy would be to stay
light on positions and concentrate more on individual stocks.
Key Levels
Support 1 - 10030
Resistance 1 - 10150
Support 2 - 9944
Resistance 2 - 10177
Nifty Bank Outlook - (25055)
Exhibit 2: Nifty Bank Daily Chart
In yesterday's trading session, the Nifty Bank index traded in a
narrow range for the most part of the session before the
announcement of the RBI monetary policy. The RBI announced
to cut the repo rate by 25 bps, which was on the expected
lines of the majority of market participants. The index
corrected marginally in last hour of trade to end the session
with a minor loss of 0.27 percent over its previous session's
close. Although the broader trend continues to be positive, the
momentum readings on the daily chart are deeply in
overbought zone and have been showing negative divergence
on the hourly chart. This is an indication that the index might
undergo some consolidation phase in near term. Thus, short
term traders should focus on stock-specific moves and trade
with proper risk management. The near term supports for the
Nifty Bank index are placed around 24830 and 24650
whereas resistances are seen around 25200 and 25320.
Key Levels
Support 1 - 24830
Resistance 1 - 25200
Support 2 - 24650
Resistance 2 - 25320
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Technical & Derivatives Report
August 03, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 5.49%
BankNifty futures open interest has increased by 3.31%
as market closed at 10081.50 levels.
The Nifty August future closed with a premium of 19.60
points against the premium of 23.80 points in last
trading session. The September series closed at a
premium of 55.80 points.
The Implied Volatility of at the money options has
increased from 10.43 to 10.25. At the same time, the
PCR-OI of Nifty has decreased from 1.31 levels to 1.26.
Few of the liquid counters where we have seen high cost
of carry are TORNTPOWER, SOUTHBANK, SUZLON,
GMRINFRA and RCOM.
Views
FIIs were net buyers in cash market segment to the tune
OI Gainers
of Rs. 474 crores. While, they sold worth Rs. 1060 crores
OI
PRICE
in index futures with good amount of rise in open
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
interest, fresh short formation took place in previous
CUMMINSIND
553800
46.97
999.85
2.36
trading session.
CEATLTD
1795500
40.09
1940.40
2.80
In index options front, they were net sellers of Rs. 503
INFIBEAM
2912000
40.03
1391.85
-4.76
crores with marginal change in open interest. In call
GODREJCP
2273600
36.83
925.40
-4.44
option, 10100-10300 strikes added decent amount fresh
TITAN
4137000
17.41
555.85
2.32
position. On the flip side, we hardly witnessed any
BALRAMCHIN
13359500
15.81
171.00
6.05
relevant activity in put options. Maximum concentration
UNIONBANK
19704000
15.23
151.00
-2.77
of open interest in August series is seen in 10500 call
NIITTECH
1459500
11.45
513.65
0.90
and 9800 put options.
Since the beginnings of August series FIIs have been
OI Losers
shorting index futures along with longs in index put
OI
PRICE
options. While, looking at the rollovers figure (July to
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
August series) it seems they rolled majority of their long
TECHM
9748200
-8.98
403.10
-0.15
positions in index futures. Thus, the overall data remains
CHOLAFIN
432500
-8.08
1177.35
-0.40
unclear. Hence, until we don't see meaningful unwinding
ESCORTS
4897200
-8.04
697.80
-0.96
to their longs in index futures, traders are advised to
JPASSOCIAT
193460000
-7.36
25.95
-9.27
avoid direction trade in index and prefer stock specific
HEROMOTOCO
994600
-6.17
3814.30
1.68
approach.
PETRONET
13596000
-6.17
213.25
0.61
MARICO
4768400
-5.51
326.70
-0.03
LUPIN
8243200
-5.42
1038.05
1.27
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
NTPC
24.88
NIFTY
1.26
1.02
COLPAL
22.41
BANKNIFTY
0.84
0.86
BALRAMCHIN
47.83
RELIANCE
0.68
0.54
AMBUJACEM
23.35
ITC
0.34
0.30
RDEL
34.08
SBIN
0.64
0.56
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Technical & Derivatives Report
August 03, 2017
FII Statistics for August 02, 2017
Turnover on August 02, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
935.64
1995.84
(1060.19)
251359
19511.79
5.95
174175
15248.85
49.14
FUTURES
FUTURES
INDEX
INDEX
48132.76
48635.56
(502.79)
889977
68577.26
(0.07)
4849601
460035.09
80.87
OPTIONS
OPTIONS
STOCK
6891.03
6932.84
(41.81)
788062
55563.73
0.43
STOCK
FUTURES
615947
45858.76
-3.85
FUTURES
STOCK
STOCK
6044.23
5990.77
53.45
76486
5806.27
15.87
402623
30088.92
3.68
OPTIONS
OPTIONS
Total
62003.66
63555.01
(1551.34)
2005884
149459.05
1.38
TOTAL
6042346
551231.62
61.52
Nifty Spot = 10081.50
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10100
119.20
Buy
10100
117.95
47.40
52.60
10147.40
35.50
64.50
10064.50
Sell
10200
71.80
Sell
10000
82.45
Buy
10100
119.20
Buy
10100
117.95
79.45
120.55
10179.45
61.50
138.50
10038.50
Sell
10300
39.75
Sell
9900
56.45
Buy
10200
71.80
Buy
10000
82.45
32.05
67.95
10232.05
26.00
74.00
9974.00
Sell
10300
39.75
Sell
9900
56.45
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 03, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,691
1,731
1,753
1,794
1,816
ADANIPORTS
398
405
409
416
420
AMBUJACEM
254
261
264
270
274
ASIANPAINT
1,127
1,136
1,144
1,153
1,161
AUROPHARMA
718
725
731
737
743
AXISBANK
506
512
518
523
529
BAJAJ-AUTO
2,771
2,787
2,802
2,818
2,834
BANKBARODA
161
162
164
165
166
BPCL
482
484
487
489
492
BHARTIARTL
407
412
417
421
427
INFRATEL
388
393
400
405
412
BOSCHLTD
24,557
24,793
24,987
25,223
25,417
CIPLA
556
562
566
573
577
COALINDIA
247
249
251
253
255
DRREDDY
2,329
2,354
2,397
2,422
2,464
EICHERMOT
30,583
30,868
31,337
31,622
32,090
GAIL
364
367
371
374
379
HCLTECH
868
875
884
891
900
HDFCBANK
1,769
1,780
1,794
1,805
1,819
HDFC
1,747
1,757
1,770
1,780
1,793
HEROMOTOCO
3,700
3,751
3,795
3,846
3,890
HINDALCO
220
224
227
231
233
HINDUNILVR
1,153
1,161
1,168
1,176
1,183
IBULHSGFIN
1,163
1,180
1,205
1,221
1,246
ICICIBANK
297
300
302
304
307
IOC
363
366
370
374
377
INDUSINDBK
1,639
1,649
1,659
1,669
1,679
INFY
972
983
998
1,008
1,023
ITC
281
283
287
289
292
KOTAKBANK
995
1,003
1,013
1,021
1,031
LT
1,161
1,169
1,180
1,188
1,200
LUPIN
1,002
1,018
1,037
1,053
1,072
M&M
1,394
1,404
1,419
1,429
1,444
MARUTI
7,712
7,754
7,817
7,859
7,922
NTPC
163
167
170
175
177
ONGC
162
164
166
167
169
POWERGRID
218
220
223
225
228
RELIANCE
1,597
1,613
1,624
1,641
1,652
SBIN
302
305
308
311
315
SUNPHARMA
512
518
528
533
543
TCS
2,435
2,455
2,481
2,501
2,527
TATAMTRDVR
257
259
261
263
265
TATAMOTORS
431
436
443
447
455
TATAPOWER
82
82
83
83
83
TATASTEEL
561
565
570
574
578
TECHM
392
397
402
407
412
ULTRACEMCO
4,020
4,054
4,076
4,109
4,131
VEDANTA
276
279
280
283
284
WIPRO
290
292
295
297
300
YESBANK
1,798
1,814
1,828
1,844
1,858
ZEEL
536
538
542
544
548
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Technical & Derivatives Report
August 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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