Technical & Derivatives Report
January 04, 2017
Sensex (26643) / Nifty (8192)
Exhibit 1: Nifty Daily Chart
Yesterday’s session was a replica of previous one as the index
opened higher and then corrected in the initial hours. This was
followed by a decent recovery in the second half to surpass the
8200 mark by a small margin. However, a minor profit booking
in the concluding hour led to a close below this psychological
level.
Honestly speaking, a sharp corrective move in the opening hour
was slightly unexpected for us, but, as mentioned in the previous
article, we saw buying emerging tad above Monday’s low of
8133.80. On the other hand, it seems that 8200 has become a
stiff hurdle as couple of attempts to break this resistance got sold
into. Hence, although, surpassing this level is a daunting task, we
would continue with our optimistic stance and expect the index to
move towards 8229 - 8274 quite soon. On the flipside, 8133 -
8100 remains to be a strong support zone. One thing was quite
encouraging during yesterday’s session; lot of individual stocks
performed well and this is what we have been advising to follow
since last few days.
Key Levels
Support 1 - 8133
Resistance 1 - 8229
Support 2 - 8100
Resistance 2 - 8274
Nifty Bank Outlook - (18036)
Exhibit 2: Nifty Bank Daily Chart
In yesterday's trading session, the Nifty Bank index traded in a
narrow range and ended the session with marginal gains of 0.37
percent.
Yesterday's range-bound session does not change the technical
structure of the index. Thus, short-term directional move would be
seen in the index only on breach of the range of 17600-18260.
The overall market breadth continues to favor the advances and
the 'Parabolic SAR' indicator on daily charts in the Nifty Bank
index too is in 'Buy' mode. Thus, inspite of the recent
underperformance, there is higher probability of the index
breaching the resistance end post completion of this range-bound
phase. Intraday traders are advised to focus on stock specific
move whereas positional traders can initiate buying on dips with
stoploss below 17600. The intraday supports for the Nifty Bank
index are placed around 17829 and 17615 whereas resistances
are seen around 18260 and 18440.
Key Levels
Support 1 - 17829
Resistance 1 - 18260
Support 2 - 17615
Resistance 2 - 18440
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Technical & Derivatives Report
January 04, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.48%
BankNifty futures open interest has decreased by 8.67%
as market closed at 8192.25 levels.
The Nifty January future closed with a premium of 4.25
points against the premium of 12.60 points in last
trading session. The February series closed at a premium
of 30.35 points.
The Implied Volatility of at the money options has
increased from 13.88 % to 14.06%. At the same time,
the PCR-OI of Nifty has increased from 1.06 to 1.07
levels.
The total OI of the market is Rs. 2,28,569/- cr. and the
stock futures OI is Rs. 69,421/- cr.
Few of the liquid counters where we have seen high cost
of carry are DLF, JPASSOCIAT, DCBBANK, IFCI and
ADANIPOWER.
Views
OI Gainers
OI
PRICE
FIIs continue curbing liquidity in cash market segment;
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
they sold equities worth Rs. 500 crores. While, in index
WIPRO
5820000
15.95
468.60
-0.98
futures, their overall activity was subdued in previous
SUNTV
7844000
14.34
524.05
4.14
trading session.
IGL
1758900
13.73
940.75
2.68
On Index Options front, FIIs bought worth Rs. 1373
CEATLTD
1518300
13.32
1193.75
0.79
crores with rise in OI. We hardly saw any relevant build-
DIVISLAB
3762600
12.06
778.75
-2.50
up in both call and put options of Nifty. However, 8300
PCJEWELLER
901500
11.92
382.90
2.22
call and 8200 put strikes were comparatively active and
IOC
17274000
10.22
339.60
4.86
added some build-up. Maximum OI in January series is
BPCL
14920800
8.99
645.10
1.58
placed at 8200 call and 8000 put options.
We started January series with high rollovers and we
believe long formed by stronger hands during last series
OI Losers
OI
PRICE
are still intact. In addition, we are also witnessing many
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
heavy weight counters, especially banking space are
AJANTPHARM
373200
-9.24
1799.25
-1.66
indicating strength in near term. At current juncture,
ICICIBANK
55472500
-5.09
254.60
0.67
traders are suggested to trade with positive bias and
APOLLOTYRE
7503000
-4.14
187.95
0.56
should prefer stock specific approach to fetch higher
JPASSOCIAT
139060000
-4.08
8.25
-1.20
returns.
JETAIRWAYS
5795000
-3.74
364.05
-0.01
NIITTECH
519000
-3.62
431.85
0.64
GRANULES
8630000
-3.52
111.65
2.76
IRB
8667500
-3.43
206.20
0.63
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SINTEX
48.18
NIFTY
1.07
0.97
IOC
42.61
BANKNIFTY
0.96
0.81
BEL
35.00
SBIN
0.53
0.54
BATAINDIA
32.29
INFY
0.82
0.63
TITAN
41.85
RELIANCE
0.70
0.58
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Technical & Derivatives Report
January 04, 2017
FII Statistics for January 03, 2017
Turnover on January 03, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1665.08
1707.28
(42.20)
161484
10139.99
(0.64)
225639
14988.42
8.25
FUTURES
FUTURES
INDEX
INDEX
35472.00
34098.90
1373.09
824950
51546.07
5.16
3841076
262573.94
24.70
OPTIONS
OPTIONS
STOCK
6781.31
6156.40
624.92
851478
51813.77
0.20
STOCK
FUTURES
492756
32238.67
11.88
FUTURES
STOCK
STOCK
2710.94
2729.87
(18.93)
32973
2065.38
26.08
241909
16477.47
8.65
OPTIONS
OPTIONS
TOTAL
46629.32
44692.45
1936.87
1870885
115565.20
2.63
TOTAL
4801380
326278.51
21.57
Nifty Spot = 8192.25
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8200
110.70
Buy
8100
80.40
47.20
52.80
8247.20
25.30
74.70
8074.70
Sell
8300
63.50
Sell
8000
55.10
Buy
8200
110.70
Buy
8100
80.40
78.40
121.60
8278.40
43.35
156.65
8056.65
Sell
8400
32.30
Sell
7900
37.05
Buy
8300
63.50
Buy
8000
55.10
31.20
68.80
8331.20
18.05
81.95
7981.95
Sell
8400
32.30
Sell
7900
37.05
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 04, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,323
1,334
1,347
1,357
1,370
ADANIPORTS
269
271
275
277
280
AMBUJACEM
213
214
215
217
218
ASIANPAINT
883
890
900
907
917
AUROPHARMA
663
667
671
676
680
AXISBANK
438
447
452
461
466
BAJAJ-AUTO
2,534
2,576
2,604
2,647
2,675
BANKBARODA
145
147
149
150
152
BHEL
121
123
125
127
128
BPCL
627
639
648
660
670
BHARTIARTL
292
298
306
312
320
INFRATEL
334
338
342
346
350
BOSCH
20,490
20,644
20,899
21,054
21,309
CIPLA
556
565
571
580
586
COALINDIA
296
301
304
309
312
DRREDDY
3,035
3,054
3,084
3,103
3,134
EICHERMOT
22,162
22,332
22,491
22,660
22,819
GAIL
429
435
440
446
451
GRASIM
856
862
872
878
888
HCLTECH
818
827
832
840
845
HDFCBANK
1,176
1,183
1,193
1,199
1,209
HDFC
1,190
1,202
1,212
1,224
1,234
HEROMOTOCO
2,935
2,961
2,988
3,014
3,042
HINDALCO
155
157
159
161
163
HINDUNILVR
814
822
827
835
841
ICICIBANK
247
251
253
257
259
IDEA
71
72
74
75
77
INDUSINDBK
1,067
1,084
1,099
1,116
1,131
INFY
971
982
994
1,005
1,016
ITC
236
240
243
246
249
KOTAKBANK
702
707
712
717
722
LT
1,342
1,355
1,365
1,377
1,388
LUPIN
1,481
1,493
1,504
1,516
1,527
M&M
1,206
1,214
1,223
1,232
1,241
MARUTI
5,397
5,453
5,488
5,544
5,580
NTPC
163
164
165
166
167
ONGC
190
191
192
194
195
POWERGRID
183
186
187
190
191
RELIANCE
1,073
1,081
1,089
1,097
1,105
SBIN
239
242
244
247
249
SUNPHARMA
627
631
637
641
647
TCS
2,333
2,350
2,361
2,379
2,389
TATAMTRDVR
302
305
310
313
319
TATAMOTORS
472
476
485
489
497
TATAPOWER
74
75
76
76
77
TATASTEEL
397
400
404
408
412
TECHM
483
488
491
495
499
ULTRACEMCO
3,269
3,298
3,342
3,371
3,415
WIPRO
461
464
469
472
477
YESBANK
1,126
1,145
1,159
1,177
1,191
ZEEL
446
452
456
462
466
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Technical & Derivatives Report
January 04, 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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