Technical & Derivatives Report
January 05, 2017
Sensex (26633) / Nifty (8191)
Exhibit 1: Nifty Daily Chart
For the third consecutive session, we witnessed similar price action
wherein the Nifty opened higher and then faced strong selling
pressure at higher levels. Once again, the index failed to sustain
above 8200; courtesy to weak banking conglomerates. However,
as compared to previous two sessions, the overall range was
quite narrow as some of the heavyweight pockets like, the IT and
the Capital Goods came for a rescue.
Day by day, 8200 has started gaining more respect from the bulls
as several attempts to sneak through got sold into. It seems that
the market is in no hurry and thus, undergoing some
consolidation phase. At this juncture, although, we are seeing
strong selling pressure near 8200, we still maintain our view of
surpassing it soon and then moving towards the immediate
resistance of 8229 - 8274. On the flipside, 8133 - 8100 remains
to be a strong support zone. Traders are repeatedly advised to
stay long in stock specific trades.
Key Levels
Support 1 - 8133
Resistance 1 - 8229
Support 2 - 8100
Resistance 2 - 8274
Nifty Bank Outlook - (17891)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded within its previous day's range and
ended yesterday's session with a marginal loss of 0.80 percent.
Inspite of the positive market breadth, the Nifty Bank index traded
with negative bias yesterday and ended the session on a negative
note. In last few sessions, the Nifty Bank index has not shown any
significant pullback move inspite of the up move in the Nifty index
and some other sectoral indices. As we have been highlighting
since last few days, the breakout from the consolidation range of
176000-18260 will only lead to the directional momentum in the
index. Since 17600 is a crucial support which coincides with
weekly '89EMA', traders are advised to keep stoploss below the
mentioned support on long positions. The intraday supports for
the Nifty Bank index are placed around 17829 and 17615
whereas resistances are seen around 18126 and 18260.
Key Levels
Support 1 - 17829
Resistance 1 - 18126
Support 2 - 17615
Resistance 2 - 18260
www.angelbroking.com
Technical & Derivatives Report
January 05, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.04%
BankNifty futures open interest has increased by 12.62%
as market closed at 8190.50 levels.
The Nifty January future closed with a premium of 13.55
points against the premium of 4.25 points in last trading
session. The February series closed at a premium of
39.20 points.
The Implied Volatility of at the money options has
decreased from 14.06 % to 13.89%. At the same time,
the PCR-OI of Nifty has increased from 1.07 to 1.08
levels.
The total OI of the market is Rs. 2,40,019/- cr. and the
stock futures OI is Rs. 70,166/- cr.
Few of the liquid counters where we have seen high cost
of carry are PTC, JINDALSTEL, IFCI, ASHOKLEY and
NIITTECH.
Views
OI Gainers
FIIs continued their selling streak in cash segment.
OI
PRICE
Yesterday, they sold equities worth Rs. 801 crores. While,
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
in index futures, they were net buyers to the tune of
DCBBANK
2475000
29.41
112.50
0.31
Rs. 181 crores with rise in open interest, indicating some
HEXAWARE
5178000
24.08
213.00
1.26
long build-up in previous trading session.
NIITTECH
625500
20.52
439.10
1.68
On Index Options front, FIIs bought worth Rs. 887 crores
HDIL
28608000
17.79
63.10
1.45
with rise in OI. In call options, except some build-up in
KOTAKBANK
9648800
13.63
697.35
-2.19
8200 and 8400 strikes; we hardly saw any relevant
DIVISLAB
4233600
12.52
755.60
-2.97
activity in any call option. On the other hand, in put
HINDZINC
8764800
10.09
252.10
-3.15
options, 8200 and 8100 strikes added fresh positions.
LICHSGFIN
9515000
8.17
519.10
-2.32
Maximum OI in January series is placed at 8200 call and
8000 put options.
OI Losers
Yet another session, when Nifty traded in a narrow
OI
PRICE
range. FIIs had good amount of long positions in index
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
and stock futures in January series and they added some
ENGINERSIN
15610000
-8.15
154.15
-0.68
more longs in yesterday’s session. However, their
MRF
29205
-7.73
50394.60
-0.34
continuous selling in cash segment remains a major
ICIL
3346000
-7.36
166.40
-3.65
concern for the market. At current juncture, we would like
BHEL
33285000
-7.32
126.95
1.64
to wait for any meaningful long build-up in Nifty before
BEL
1745550
-6.60
1433.55
0.36
forming fresh longs at current levels. Till the time we
PETRONET
3061500
-6.25
374.25
-1.73
don’t see any reversal signs, traders are advised to trade
TORNTPHARM
182400
-6.17
1347.80
0.36
will positive bias and focus more on stock specific
SRF
405500
-5.59
1549.60
-0.39
activities with proper risk management.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JPASSOCIAT
101.72
NIFTY
1.08
0.91
CUMMINSIND
33.46
BANKNIFTY
0.75
0.68
KOTAKBANK
20.92
SBIN
0.52
0.51
ASHOKLEY
35.96
INFY
0.81
0.65
GMRINFRA
40.42
RELIANCE
0.58
0.62
www.angelbroking.com
Technical & Derivatives Report
January 05, 2017
FII Statistics for January 04, 2017
Turnover on January 04, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1618.81
1437.35
181.46
166622
10487.07
3.18
173825
11522.21
-23.13
FUTURES
FUTURES
INDEX
INDEX
29864.16
28977.46
886.70
861383
53825.74
4.42
3635690
252394.46
-3.88
OPTIONS
OPTIONS
STOCK
6339.35
6021.61
317.74
852499
52026.54
0.12
STOCK
FUTURES
454393
29579.22
-8.25
FUTURES
STOCK
STOCK
2512.63
2525.15
(12.52)
42437
2684.04
28.70
241122
16369.49
-0.66
OPTIONS
OPTIONS
TOTAL
40334.94
38961.56
1373.38
1922941
119023.39
2.78
TOTAL
4505030
309865.38
-5.03
Nifty Spot = 8190.50
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8200
110.60
Buy
8100
74.95
47.75
52.25
8247.75
24.25
75.75
8075.75
Sell
8300
62.85
Sell
8000
50.70
Buy
8200
110.60
Buy
8100
74.95
79.55
120.45
8279.55
41.20
158.80
8058.80
Sell
8400
31.05
Sell
7900
33.75
Buy
8300
62.85
Buy
8000
50.70
31.80
68.20
8331.80
16.95
83.05
7983.05
Sell
8400
31.05
Sell
7900
33.75
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
www.angelbroking.com
Technical & Derivatives Report
January 05, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,293
1,306
1,329
1,342
1,364
ADANIPORTS
270
272
275
277
279
AMBUJACEM
207
210
214
216
221
ASIANPAINT
889
898
906
915
924
AUROPHARMA
655
661
670
676
685
AXISBANK
447
450
455
458
463
BAJAJ-AUTO
2,584
2,634
2,666
2,716
2,749
BANKBARODA
146
147
148
149
151
BHEL
124
125
127
128
130
BPCL
634
645
653
664
672
BHARTIARTL
293
304
309
320
325
INFRATEL
331
342
348
359
365
BOSCH
19,472
19,905
20,452
20,885
21,432
CIPLA
562
565
571
574
579
COALINDIA
303
304
307
309
312
DRREDDY
3,055
3,073
3,093
3,111
3,131
EICHERMOT
21,774
21,985
22,300
22,512
22,827
GAIL
433
437
442
445
450
GRASIM
854
861
868
875
882
HCLTECH
823
840
850
867
877
HDFCBANK
1,179
1,182
1,187
1,190
1,195
HDFC
1,184
1,198
1,211
1,225
1,239
HEROMOTOCO
2,951
2,978
2,998
3,024
3,044
HINDALCO
155
157
159
161
163
HINDUNILVR
804
813
825
834
846
ICICIBANK
247
249
252
254
258
IDEA
71
73
74
75
76
INDUSINDBK
1,086
1,093
1,100
1,107
1,115
INFY
986
992
998
1,004
1,010
ITC
237
241
244
248
251
KOTAKBANK
680
688
700
708
721
LT
1,365
1,371
1,376
1,382
1,387
LUPIN
1,469
1,479
1,495
1,505
1,521
M&M
1,204
1,213
1,222
1,231
1,240
MARUTI
5,456
5,479
5,517
5,540
5,578
NTPC
162
164
166
167
169
ONGC
190
192
195
197
199
POWERGRID
184
186
187
188
190
RELIANCE
1,046
1,057
1,075
1,085
1,104
SBIN
240
241
244
245
248
SUNPHARMA
630
634
639
643
648
TCS
2,345
2,362
2,376
2,393
2,406
TATAMTRDVR
306
308
311
313
316
TATAMOTORS
479
483
488
492
498
TATAPOWER
75
75
76
77
77
TATASTEEL
398
402
405
409
413
TECHM
482
491
498
507
514
ULTRACEMCO
3,244
3,273
3,316
3,345
3,389
WIPRO
462
469
473
480
485
YESBANK
1,151
1,157
1,164
1,171
1,178
ZEEL
450
454
458
462
466
www.angelbroking.com
Technical & Derivatives Report
January 05, 2017
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a
registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number
INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing
/dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed public
offering of securities of the company covered by Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
www.angelbroking.com