Technical & Derivatives Report
August 04, 2017
Sensex (32238) / Nifty (10014)
Exhibit 1: Nifty Daily Chart
Wednesday’s flat closing was followed by a soft opening in
our market owing to cautious cues from the Asian bourses.
The index posted ‘open-high’ and kept correcting gradually
throughout the session to shed nearly seven tenths of a
percent.
The price action seen during yesterday’s session was a typical
reaction from the market post the major event. Since, the
outcome from RBI policy was on expected lines, traders chose
to take some money off the table. Now, looking at the daily
chart, the Nifty has closed below the ‘5 EMA’ on daily chart
along with the negative crossover in ‘RSI-Smoothened’ well
inside overbought territory. Considering all these observations,
the Nifty may extend this corrective move towards the next
support level of 9944. On the flipside, yesterday’s high of
10081 would now act as an intraday hurdle for the index. At
this juncture, traders are advised to stay light on positions and
concentrate more on individual stocks with a proper exit
strategy.
Key Levels
Support 1 - 9944
Resistance 1 - 10081
Support 2 - 9921
Resistance 2 - 10150
Nifty Bank Outlook - (24675)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened marginally lower yesterday and
corrected right from the opening tick. The index and its
components corrected throughout the session and the index
posted a loss of 1.52 percent over its previous session's close.
In our yesterday's report, we had mentioned about the
formation of the 'RSI Negative Divergence' on the hourly
charts. The divergence in the overbought zone was an early
indication and has probably led to the corrective move. This
just seems to start of the consolidation phase which we have
been anticipating in the index. On pullback moves, the index
is likely to face resistance in the range of 25000-25200,
whereas the correction could extend upto 24410 in this week.
Accordingly, traders should form their positions and it would
be better be very stock-specific and trade with strict money
management.
Key Levels
Support 1 - 24480
Resistance 1 - 25000
Support 2 - 24410
Resistance 2 - 25200
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Technical & Derivatives Report
August 04, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.10%
BankNifty futures open interest has decreased by 8.97%
as market closed at 10013.65 levels.
The Nifty August future closed with a premium of 29.35
points against the premium of 19.60 points in last
trading session. The September series closed at a
premium of 58.35 points.
The Implied Volatility of at the money options has
decreased from 10.25 to 9.78. At the same time, the
PCR-OI of Nifty has decreased from 1.26 levels to 1.21.
Few of the liquid counters where we have seen high cost
of carry are INFIBEAM, GMRINFRA, WOCKPHARMA,
REPCOHOME and CUMMINSIND.
Views
FIIs activity in cash market segment remains subdued.
OI Gainers
While, they were net sellers of Rs.370 crores in index
OI
PRICE
futures with rise in open interest, suggesting continuation
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
of short formation in previous trading session.
INFIBEAM
3836800
31.76
1412.05
1.45
In index options front, they were net sellers of Rs. 199
INFRATEL
8923300
23.01
403.35
1.17
crores with rise in open interest. In Nifty options segment,
FORTIS
44822700
20.88
164.40
6.44
apart from some build-up in 10100 and 10300 call
ACC
1246000
15.11
1812.80
2.12
options, we could hardly see any relevant activity. At
CUMMINSIND
624600
12.78
956.70
-4.32
present, maximum concentration of open interest is
LUPIN
9234400
12.02
998.90
-3.77
placed at 10500 call and 10000 put option.
JINDALSTEL
37660500
11.42
143.10
-9.97
From the beginning of August series, FIIs have been
RAMCOCEM
713600
9.31
691.50
-1.82
shorting index futures along with long formation in index
put options. As a result, their index futures ‘Long Short
OI Losers
Ratio’ dropped to 66% from 84%. However, rollovers
OI
PRICE
figure of August series suggests they rolled majority of
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
their long positions in index futures. Thus, the above data
JUBLFOOD
1727000
-9.51
1257.65
-2.32
is not giving any clear indication. Hence, until we don't
CADILAHC
2108800
-8.60
548.00
1.02
see meaningful unwinding to their longs in index futures
PVR
548800
-7.92
1377.75
-0.40
by stronger hands, traders are advised to avoid direction
AUROPHARMA
10966400
-7.88
743.45
1.08
trade in index and prefer stock specific approach.
WOCKPHARM
3474400
-7.87
599.10
2.01
ADANIPORTS
5795000
-7.17
408.35
-1.04
MFSL
3589000
-6.22
614.80
0.42
MOTHERSUMI
6892500
-6.08
330.20
-0.89
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JINDALSTEL
70.18
NIFTY
1.21
0.88
BATAINDIA
38.90
BANKNIFTY
0.54
0.88
COLPAL
30.06
RELIANCE
0.75
0.53
IOC
30.59
ITC
0.33
0.20
AMARAJABAT
21.39
SBIN
0.64
0.51
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Technical & Derivatives Report
August 04, 2017
FII Statistics for August 03, 2017
Turnover on August 03, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1146.30
1515.58
(369.28)
255533
19601.56
1.66
202554
17947.44
17.70
FUTURES
FUTURES
INDEX
INDEX
60646.85
60447.52
199.33
913852
70034.80
2.68
10374152
1004396.68
118.33
OPTIONS
OPTIONS
STOCK
7131.29
6940.07
191.22
795693
55580.92
0.97
STOCK
FUTURES
707086
50796.77
10.77
FUTURES
STOCK
STOCK
6534.21
6392.70
141.51
84767
6264.33
10.83
468084
34566.60
14.88
OPTIONS
OPTIONS
Total
75458.65
75295.87
162.77
2049845
151481.62
2.19
TOTAL
11751876
1107707.48
100.95
Nifty Spot = 10013.65
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10000
136.80
Buy
10000
93.85
54.10
45.90
10054.10
30.85
69.15
9969.15
Sell
10100
82.70
Sell
9900
63.00
Buy
10000
136.80
Buy
10000
93.85
90.70
109.30
10090.70
51.65
148.35
9948.35
Sell
10200
46.10
Sell
9800
42.20
Buy
10100
82.70
Buy
9900
63.00
36.60
63.40
10136.60
20.80
79.20
9879.20
Sell
10200
46.10
Sell
9800
42.20
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 04, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,736
1,773
1,795
1,833
1,855
ADANIPORTS
398
403
407
412
417
AMBUJACEM
261
266
270
275
279
ASIANPAINT
1,119
1,133
1,141
1,154
1,163
AUROPHARMA
720
731
740
750
759
AXISBANK
498
502
509
513
521
BAJAJ-AUTO
2,786
2,810
2,824
2,849
2,863
BANKBARODA
153
156
160
162
166
BPCL
478
484
491
497
505
BHARTIARTL
409
417
421
428
433
INFRATEL
391
397
402
409
414
BOSCHLTD
24,413
24,631
24,891
25,109
25,368
CIPLA
541
549
562
570
583
COALINDIA
234
238
245
249
256
DRREDDY
2,262
2,293
2,345
2,376
2,428
EICHERMOT
30,145
30,436
30,918
31,208
31,690
GAIL
366
368
372
374
378
HCLTECH
864
870
877
883
890
HDFCBANK
1,765
1,772
1,782
1,790
1,800
HDFC
1,694
1,716
1,746
1,767
1,798
HEROMOTOCO
3,745
3,792
3,818
3,865
3,891
HINDALCO
215
218
223
226
231
HINDUNILVR
1,148
1,159
1,169
1,180
1,191
IBULHSGFIN
1,173
1,187
1,198
1,212
1,223
ICICIBANK
290
293
297
300
304
IOC
360
374
384
398
408
INDUSINDBK
1,626
1,636
1,648
1,657
1,670
INFY
969
977
988
995
1,006
ITC
278
280
282
284
287
KOTAKBANK
984
990
1,000
1,006
1,016
LT
1,159
1,167
1,176
1,184
1,193
LUPIN
938
966
1,013
1,041
1,088
M&M
1,397
1,407
1,414
1,424
1,432
MARUTI
7,641
7,689
7,759
7,807
7,877
NTPC
168
170
172
175
176
ONGC
162
164
165
167
169
POWERGRID
217
220
222
225
228
RELIANCE
1,596
1,623
1,644
1,671
1,692
SBIN
294
297
302
306
311
SUNPHARMA
504
510
520
526
536
TCS
2,450
2,470
2,486
2,505
2,522
TATAMTRDVR
247
250
256
259
265
TATAMOTORS
422
427
434
439
446
TATAPOWER
82
82
83
83
84
TATASTEEL
551
555
562
566
573
TECHM
398
403
406
410
413
ULTRACEMCO
4,029
4,057
4,098
4,125
4,166
VEDANTA
275
277
280
283
286
WIPRO
284
287
291
293
298
YESBANK
1,739
1,762
1,796
1,819
1,852
ZEEL
537
538
540
542
543
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Technical & Derivatives Report
August 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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