Technical & Derivatives Report
May 04, 2017
Sensex (29895) / Nifty (9312)
Exhibit 1: Nifty Daily Chart
Similar to previous session, our markets opened slightly higher in-
line with global bourses and then remained under pressure for
the major part of the day. However, the volatility was on the lower
side as compared to Tuesday’s session. Eventually, the Nifty
ended the session on a flat note by successfully defending the
9300 mark on a closing basis.
Yesterday’s session was clearly one of the lackluster days that we
generally witness in a consolidation phase. Since, there is no
major action seen during the day, the chart structure remains
unchanged. We would continue to remain optimistic on the
market and expect buying emerging at every intraday decline.
Very soon, the index is likely to march gradually towards yet
another milestone of 9400, which is the 161% retracement of the
recent small dip from 9273.90 to 9075.15. This move would be
supported by the ‘RSI-smoothened’ on daily chart, which has once
again surpassed the 70 mark in the northward direction. On the
flip side, Tuesday’s low of 9269 would be seen as a sheet anchor
for the index. Traders are repeatedly advised to stay on the long
side and one should continue focusing stocks that have stronger
chart structure.
Key Levels
Support 1 - 9269
Resistance 1 - 9367
Support 2 - 9225
Resistance 2 - 9400
Nifty Bank Outlook - (22307)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index too traded in a narrow range yesterday and
ended the session with a negligible loss.
Although the index traded in a narrow range, there was stock
specific positive action in the PSU Banking space as the Nifty PSU
Bank index outperformed the benchmark indices, and ended the
session with gains of one percent. The Nifty Bank index is resisting
at 22410, which is the 161.8% retracement of the corrective move
from 20575 to 17607. However, since there are no signs of
reversal, we expect the index to resume its uptrend post this
consolidation phase. Traders are advised to focus on stock
specific moves and trade with proper risk management. The
intraday supports for the Nifty Bank index are placed around
22170 and 22100 whereas resistances are seen around 22410
and 22508.
Key Levels
Support 1 - 22170
Resistance 1 - 22410
Support 2 - 22100
Resistance 2 - 22508
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May 04, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.40%
BankNifty futures open interest has decreased by 4.52%
as market closed at 9311.95 levels.
The Nifty May future closed with a premium of 28.30
points against the premium of 25.50 points in last
trading session. The June series closed at a premium of
24.70 points.
The Implied Volatility of at the money options has
increased from 10.01% to 10.31%. At the same time, the
PCR-OI of Nifty has increased from 1.11 to 1.13 levels.
The total OI of the market is Rs. 2,86,359/- cr. and the
stock futures OI is Rs. 99,303/- cr.
Few of the liquid counters where we have seen high cost
of carry are IFCI, GMRINFRA, SOUTHBANK, JINDALSTEL
and NIITTECH.
Views
OI Gainers
Yesterday, FIIs were net sellers in cash market segment;
OI
PRICE
SCRIP
OI
PRICE
they sold equities worth Rs. 518 crores. While, they were
CHG. (%)
CHG. (%)
marginal buyers in index futures with some rise in open
RAYMOND
859200
112.25
788.75
7.95
interest; indicating minor long formation in previous
BALRAMCHIN
4476500
83.76
159.05
-3.05
trading session.
GSFC
5053500
53.00
134.45
5.33
In index options, FIIs bought worth Rs. 1118 crores with
MCX
681000
46.61
1162.75
-2.49
decent amount of rise in open interest. Now, if we look at
GODFRYPHLP
226000
33.73
1251.25
1.73
the options activity in Nifty, some build-up in 9400 and
MGL
213600
28.52
1007.15
-1.33
9500 call options was clearly visible. On the flip side,
NBCC
2907000
20.07
201.70
2.15
9300 and 9200 continued adding good amount of fresh
BERGEPAINT
437800
19.16
253.00
-1.98
long positions; shifting the base higher. At current
juncture, 9500 has highest concentration in call options,
OI Losers
while, in put option it is scattered between 9000-9300.
OI
PRICE
SCRIP
OI
PRICE
Despite, some consolidation seen in last couple of days,
CHG. (%)
CHG. (%)
we are hardly witnessing any relevant short formations in
IBREALEST
19980000
-9.31
156.15
-0.16
Index Futures. We believe this move was mainly because
LICHSGFIN
4881800
-8.02
708.50
-0.20
of long unwinding of FIIs existing longs (in index futures).
ADANIENT
32136000
-5.04
113.05
0.13
However, in cash segment they continue curbing
UJJIVAN
7971600
-4.75
358.70
0.60
liquidity. At current juncture, we can barely trace any
DCBBANK
6052500
-4.54
195.05
-1.79
major signs of reversal from the above data. Thus,
CADILAHC
2488000
-4.43
453.60
0.96
traders are suggested to avoid shorting in index and use
ESCORTS
1177000
-4.29
570.30
0.27
stock specific approach to fetch higher returns.
JSWENERGY
60264500
-3.90
63.75
2.33
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
PTC
41.73
NIFTY
1.13
1.19
DABUR
22.89
BANKNIFTY
0.99
0.91
CUMMINSIND
37.59
RELIANCE
0.41
0.39
CENTURYTEX
37.78
ICICIBANK
0.60
0.52
RAYMOND
64.38
SBIN
0.63
0.50
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Technical & Derivatives Report
May 04, 2017
FII Statistics for May 03, 2017
Turnover on May 03, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1227.42
1164.53
62.89
214187
15503.68
0.70
126045
9840.75
-29.35
FUTURES
FUTURES
INDEX
INDEX
27149.06
26031.25
1117.81
731482
51695.37
3.22
3287620
278285.42
1.92
OPTIONS
OPTIONS
STOCK
6538.36
6974.82
(436.46)
1034025
68849.30
1.14
STOCK
FUTURES
674482
50015.69
0.23
FUTURES
STOCK
STOCK
5046.85
4934.42
112.43
42642
3064.02
32.42
384605
28990.71
4.43
OPTIONS
OPTIONS
TOTAL
39961.69
39105.02
856.67
2022336
139112.37
2.35
TOTAL
4472752
367132.58
0.69
Nifty Spot = 9311.95
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9300
115.05
Buy
9300
79.95
53.95
46.05
9353.95
30.05
69.95
9269.95
Sell
9400
61.10
Sell
9200
49.90
Buy
9300
115.05
Buy
9300
79.95
88.10
111.90
9388.10
48.35
151.65
9251.65
Sell
9500
26.95
Sell
9100
31.60
Buy
9400
61.10
Buy
9200
49.90
34.15
65.85
9434.15
18.30
81.70
9181.70
Sell
9500
26.95
Sell
9100
31.60
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
May 04, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,571
1,590
1,605
1,624
1,639
ADANIPORTS
319
323
328
332
336
AMBUJACEM
237
240
244
246
250
ASIANPAINT
1,108
1,113
1,119
1,124
1,130
AUROPHARMA
568
577
590
598
612
AXISBANK
495
498
503
505
510
BAJAJ-AUTO
2,884
2,909
2,926
2,951
2,969
BANKBARODA
182
186
190
194
198
BPCL
714
725
739
750
764
BHARTIARTL
341
343
347
350
353
INFRATEL
349
356
361
368
372
BOSCHLTD
22,800
23,048
23,199
23,447
23,598
CIPLA
551
553
556
559
561
COALINDIA
273
276
278
282
283
DRREDDY
2,558
2,577
2,591
2,610
2,624
EICHERMOT
25,481
25,698
25,878
26,095
26,275
GAIL
417
421
428
432
438
GRASIM
1,134
1,146
1,157
1,169
1,180
HCLTECH
815
825
831
841
848
HDFCBANK
1,531
1,538
1,546
1,553
1,561
HDFC
1,547
1,559
1,575
1,588
1,604
HEROMOTOCO
3,336
3,356
3,370
3,391
3,405
HINDALCO
193
195
198
200
204
HINDUNILVR
917
925
931
940
946
IBULHSGFIN
1,046
1,065
1,080
1,099
1,114
ICICIBANK
268
270
274
276
279
IOC
430
436
443
449
456
INDUSINDBK
1,417
1,428
1,440
1,450
1,462
INFY
909
922
930
943
952
ITC
273
275
277
279
281
KOTAKBANK
909
913
918
921
926
LT
1,698
1,709
1,727
1,738
1,756
LUPIN
1,229
1,247
1,280
1,298
1,331
M&M
1,325
1,337
1,346
1,357
1,366
MARUTI
6,580
6,612
6,663
6,696
6,747
NTPC
159
161
163
164
166
ONGC
188
190
192
194
196
POWERGRID
203
207
210
214
218
RELIANCE
1,356
1,363
1,372
1,379
1,388
SBIN
282
286
290
293
297
SUNPHARMA
618
623
629
635
641
TCS
2,240
2,289
2,317
2,365
2,393
TATAMTRDVR
264
267
271
274
279
TATAMOTORS
438
442
449
454
460
TATAPOWER
81
81
83
83
85
TATASTEEL
430
436
443
448
455
TECHM
417
418
420
421
423
ULTRACEMCO
4,164
4,233
4,279
4,348
4,394
WIPRO
491
494
497
499
502
YESBANK
1,604
1,619
1,630
1,644
1,656
ZEEL
516
522
530
535
543
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Technical & Derivatives Report
May 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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