Technical & Derivatives Report
April 05, 2017
Sensex (29910) / Nifty (9238)
Exhibit 1: Nifty Daily Chart
Trading for the week began on a cheerful note as the benchmark
index (Nifty) opened with a decent upside gap on Monday despite
the SGX Nifty indicating a flat start. Subsequently, we witnessed a
continuation of this upward momentum after a small
consolidation in the initial hours. Eventually, the Nifty ended the
session with seven tenth of a percent gains.
Finally, a recent hurdle of 9200 has been violated convincingly as
the Nifty registered a fresh record high on Monday. We are not so
surprised by this move as we have been quite vocal on this
probable move considering multiple technical evidences. The
chart structure still looks quite strong and hence, we expect the
index to extend this rally towards 9400 - 9600 (price extension of
previous up move from recent low of 7893.80) over the next few
weeks. Traders should continue with stock specific approach with
a positive bias in order to fetch higher returns. The immediate
support now would be seen at 9200 - 9160 levels.
Key Levels
Support 1 - 9200
Resistance 1 - 9300
Support 2 - 9160
Resistance 2 - 9340
Nifty Bank Outlook - (21548)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded in a narrow range on Monday and
ended the session with marginal gains of 0.48 percent.
The over momentum in the market continues to remain positive
as the up move has been supported by broad market
participation. Since there are no signs of any reversal, we
continue to maintain our positive stance on the Nifty Bank index
and the stock within the sector. Traders should continue to trade
with positive bias and hold on to existing long positions. As we
had also mentioned in our earlier reports, positionally we are
expecting the Nifty Bank index to rally for a target of 22410,
which is the 161.8% reciprocal retracement of the previous
corrective move. The intraday supports for the Nifty Bank index
are placed around 21408 and 21337 whereas resistances are
seen around 21793 and 21918.
Key Levels
Support 1 - 21408
Resistance 1 - 21793
Support 2 - 21337
Resistance 2 - 21918
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Technical & Derivatives Report
April 05, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 4.85%
BankNifty futures open interest has increased by 0.98%
as market closed at 9237.85 levels.
The Nifty April future closed with a premium of 25.40
points against the premium of 24.00 points in last
trading session. The May series closed at a premium of
42.50 points.
The Implied Volatility of at the money options has
decreased from 11.29% to 10.29%. At the same time,
the PCR-OI of Nifty has increased from 0.97 to 1.03
levels.
The total OI of the market is Rs. 2,65,616/- cr. and the
stock futures OI is Rs. 96,625/- cr.
Few of the liquid counters where we have seen high cost
of carry are JSWSTEEL, TV18BRDCST, JPASSOCIAT,
JISLJALEQS and SOUTHBANK.
Views
OI Gainers
On Monday, FIIs continued their buying streak in cash
OI
PRICE
market segment; they bought equities worth Rs.
534
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
crores. While, in index futures they were marginal sellers
SHREECEM
24750
312.50
17258.40
0.74
with fall in open interest, suggesting some long
PEL
204900
74.68
1947.00
1.63
unwinding took place in previous trading session.
MFSL
1282000
57.11
570.65
-1.71
In index options, FIIs bought worth Rs. 1556 crores with
UJJIVAN
2996400
48.19
415.65
-1.93
rise in open interest. In call options, 9400-9600 call
CAPF
526400
42.73
773.75
-1.75
options remained quite active and they also added
EQUITAS
4300800
40.44
171.70
0.59
decent positions with rise in call IV’s (Implied Volatility).
MUTHOOTFIN
493500
38.82
383.05
3.19
Thus, suggesting fresh longs were formed in these call
ESCORTS
710600
33.75
540.55
-0.23
strikes. While on the flip side, huge build-up was seen in
9000-9200 put options. Highest open interest in April
series has shifted to 9500 from 9200 call and of put
OI Losers
option remains intact at 9000 strike.
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
The benchmark index (Nifty) went on to register records
INFIBEAM
1546800
-8.43
949.90
0.49
highs and has now even surpassed an important hurdle
RELIANCE
16607000
-7.29
1376.15
3.77
of 9200 mark. FIIs continued pouring liquidity in equities
GAIL
14606000
-6.77
386.70
2.22
segment. While, long positions formed in Index Futures
TORNTPOWER
3462000
-4.63
236.50
2.03
in last four successive series are still intact. We also
AMARAJABAT
1699800
-3.90
909.40
1.79
witnessed FIIs buying good amount of call option in
BHARATFORG
4398600
-3.63
1078.00
2.89
previous trading session. Thus, we continue to remain
HDFC
9491000
-3.36
1536.15
1.74
upbeat on market and would suggest traders to use
COLPAL
905800
-3.14
1006.00
0.79
declines to add fresh longs.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
LT
32.16
NIFTY
1.03
1.10
MCDOWELL-N
41.52
BANKNIFTY
0.98
0.93
JISLJALEQS
37.15
RELIANCE
0.64
0.53
WOCKPHARMA
44.57
SBIN
0.64
0.56
SIEMENS
27.52
ICICIBANK
0.58
0.37
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Technical & Derivatives Report
April 05, 2017
FII Statistics for April 03, 2017
Turnover on April 03, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1597.29
1696.91
(99.63)
319408
22822.13
(0.88)
163432
12056.12
-1.05
FUTURES
FUTURES
INDEX
INDEX
22295.98
20739.68
1556.30
739835
51851.18
7.79
2343156
181368.09
40.53
OPTIONS
OPTIONS
STOCK
6376.55
6220.01
156.54
1188530
80940.29
1.18
STOCK
FUTURES
536813
38668.77
-4.43
FUTURES
STOCK
STOCK
4149.66
3890.09
259.57
40024
3031.77
34.09
313044
23069.68
2.74
OPTIONS
OPTIONS
TOTAL
34419.48
32546.70
1872.78
2287797
158645.37
3.38
TOTAL
3356445
255162.66
24.98
Nifty Spot = 9237.85
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9200
131.65
Buy
9300
114.10
55.05
44.95
9255.05
41.55
58.45
9258.45
Sell
9300
76.60
Sell
9200
72.55
Buy
9200
131.65
Buy
9300
114.10
92.95
107.05
9292.95
68.85
131.15
9231.15
Sell
9400
38.70
Sell
9100
45.25
Buy
9300
76.60
Buy
9200
72.55
37.90
62.10
9337.90
27.30
72.70
9172.70
Sell
9400
38.70
Sell
9100
45.25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (April Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
April 05, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,444
1,453
1,465
1,474
1,486
ADANIPORTS
336
339
342
344
347
AMBUJACEM
231
234
238
241
245
ASIANPAINT
1,056
1,073
1,086
1,103
1,116
AUROPHARMA
669
676
680
687
692
AXISBANK
486
493
499
506
511
BAJAJ-AUTO
2,736
2,760
2,799
2,822
2,861
BANKBARODA
168
170
172
174
176
BHEL
629
633
642
646
654
BPCL
332
337
341
346
351
BHARTIARTL
313
321
327
335
340
INFRATEL
22,359
22,497
22,689
22,827
23,019
BOSCH
587
590
593
595
598
CIPLA
290
292
294
297
298
COALINDIA
2,582
2,663
2,709
2,790
2,835
DRREDDY
25,117
25,331
25,540
25,753
25,963
EICHERMOT
373
379
383
389
393
GAIL
1,037
1,044
1,052
1,059
1,067
GRASIM
848
857
868
877
887
HCLTECH
1,412
1,423
1,436
1,447
1,461
HDFCBANK
1,489
1,511
1,524
1,547
1,559
HDFC
3,146
3,174
3,220
3,248
3,293
HEROMOTOCO
190
192
194
196
199
HINDALCO
897
909
916
929
936
HINDUNILVR
980
988
995
1,003
1,010
ICICIBANK
273
280
284
290
294
IDEA
374
378
382
386
391
INDUSINDBK
1,383
1,393
1,411
1,421
1,438
INFY
989
999
1,016
1,025
1,042
ITC
276
279
281
284
286
KOTAKBANK
867
871
876
880
884
LT
1,545
1,603
1,635
1,692
1,724
LUPIN
1,416
1,425
1,440
1,449
1,464
M&M
1,266
1,276
1,291
1,301
1,316
MARUTI
6,001
6,036
6,066
6,101
6,131
NTPC
162
163
165
167
169
ONGC
184
185
186
187
187
POWERGRID
194
195
197
198
201
RELIANCE
1,321
1,348
1,364
1,391
1,408
SBIN
290
292
294
295
297
SUNPHARMA
682
687
690
696
699
TCS
2,392
2,402
2,418
2,428
2,445
TATAMTRDVR
277
279
282
284
287
TATAMOTORS
465
468
470
473
475
TATAPOWER
88
89
90
90
91
TATASTEEL
479
482
486
490
493
TECHM
446
450
454
458
463
ULTRACEMCO
3,984
4,006
4,032
4,054
4,080
WIPRO
499
503
510
514
521
YESBANK
1,522
1,531
1,543
1,552
1,564
ZEEL
520
524
532
536
544
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Technical & Derivatives Report
April 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]
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