Technical & Derivatives Report
June 05, 2017
Sensex (31273) / Nifty (9654)
Exhibit 1: Nifty Weekly Chart
During last week, the Nifty index was confined to a narrow range
of 125 points as the index gained 0.61 percent during the week.
It’s been a week of consolidation with a mildly positive bias which
was quite evident after such a sharp up move in the previous
week and more importantly, after reaching the important
milestone of 9600. We had anticipated a possibility of this
consolidation phase and in fact, we still expect it to continue in
the forthcoming week as well. With reference to our previous
article, we believe that the upside in the near term is now limited.
The key ratios such as 1) the 127% Reciprocal retracement of the
recent ‘Bullish Flag’ pattern on daily chart, 2) The ‘Golden Ratio’
(161% Reciprocal retracement) of the corrective move from
8968.70 to 7893.80 and 3) The ‘Multi-year Price Extension’
(127% of 2252.75 to 6338.50 from 4531.15) are converging in
a band of 100 points i.e. 9620 - 9720. Hence, looking at these
evidences, we would advise traders to lighten up their positions in
the mentioned zone. Traders are advised to keep focusing on
individual stocks which are likely to offer better trading
opportunities. On the other hand, 9581 - 9520 would act as a
strong support zone.
Key Levels
Support 1 - 9581
Resistance 1 - 9720
Support 2 - 9520
Resistance 2 - 9750
Nifty Bank Outlook - (23376)
Exhibit 2: Nifty Bank Weekly Chart
The Nifty Bank index traded in a narrow range of 375 during
entire last week. On our expected lines, we are witnessing stock
specific movement wherein the index in consolidating in a range.
In near term, we expect such consolidation with positive bias to
continue wherein the Nifty Bank index could move upto 23550-
23650. On the flipside, the support has shifted higher to 22900-
23000. We continue to advise traders to focus on stock specific
moves which could provide better trading opportunities than the
index. Also, short term traders can look to book profits on the
long positions in the index in the range of 23550-23650.The
intraday supports for the Nifty Bank index are placed around
23225 and 23090 whereas resistance is seen in the range of
23550 - 23650.
Key Levels
Support 1 - 23225
Resistance 1 - 23550
Support 2 - 23090
Resistance 2 - 23650
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Technical & Derivatives Report
June 05, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.32%
BankNifty futures open interest has increased by 1.01%
as market closed at 9653.50 levels.
The Nifty June future closed with a discount of 0.90
points against the premium of 14.00 points in last
trading session. The July series closed at a premium of
18.90 point.
The Implied Volatility of at the money options has
decreased from 8.98% to 8.29%. At the same time, the
PCR-OI of Nifty remained unchanged at 1.16 levels.
The total OI of the market is Rs. 2,94,081/- cr. and the
stock futures OI is Rs. 1,00,882/- cr.
Few of the liquid counters where we have seen high cost
of carry are RCOM, DLF, TV18BRDCST, SINTEX and
KAJARIACER.
Views
FIIs activity in cash market segment remained subdued.
OI Gainers
While, in index futures they sold to the tune of Rs. 210
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
crores with marginal change in open interest, indicating
HCC
12084000
49.63
44.00
6.15
minor profit booking in previous trading session.
NCC
23080000
16.33
88.60
1.43
In index options front, they were net buyers of Rs. 664
KAJARIACER
344000
14.67
719.10
1.83
crores with rise in open interest. In Nifty option,
ESCORTS
2472800
13.65
719.85
3.58
9700-10000 call options were quite active and they also
MARICO
5987800
13.50
323.90
1.66
added fresh positions. On the flip side, we witnessed
PIDILITIND
1445000
11.93
796.85
3.72
huge open interest addition in
9600 put options.
GMRINFRA
302760000
11.48
17.00
12.96
Maximum open interest concentration in June series still
remains intact in 9700 call and 9400 put options.
SINTEX
18140250
10.99
25.55
-3.95
During last week, FIIs added 43,770 contracts of long
positions in Index Futures along with longs in Index Put
OI Losers
Options. We believe these put buying is many to hedge
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
their longs in Index Futures which is not a worrisome
YESBANK
7812700
-12.08
1484.45
2.17
factor. In addition, longs formed by them in last series
LT
7177500
-10.35
1790.50
-0.51
are also intact. At present, the’ Long Short Ratio’ of their
VOLTAS
7260000
-8.47
503.10
-1.49
Index Futures positions is at 85.25%, suggesting they are
APOLLOTYRE
10497000
-8.19
244.55
1.52
still optimistic on our market. Thus, unless we don’t see
any major profit booking or fresh shorting, we maintain
NIITTECH
628500
-7.91
541.35
0.42
DLF
42975000
-6.67
177.35
-0.34
of positive stance on market. Hence, we would suggest
traders to trade with positive bias and prefer stock
SHREECEM
28050
-6.34
17997.90
1.45
specific approach to yield higher returns.
MFSL
5015000
-6.07
621.95
1.48
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
GMRINFRA
88.95
NIFTY
1.16
1.11
M&MFIN
61.34
BANKNIFTY
0.99
0.97
PIDILITIND
32.02
SUNPHARMA
0.40
0.26
HEROMOTOCO
29.49
RELIANCE
0.50
0.46
CADILAHC
46.94
SBIN
0.59
0.53
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Technical & Derivatives Report
June 05, 2017
FII Statistics for June 02, 2017
Turnover on June 02, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1323.58
1533.95
(210.38)
284060
21285.71
(0.19)
126974
10206.00
-10.44
FUTURES
FUTURES
INDEX
INDEX
21767.80
21103.64
664.16
812858
60043.50
1.52
2103399
174353.67
-76.79
OPTIONS
OPTIONS
STOCK
6994.85
6995.91
(1.07)
1107932
73024.04
(1.59)
STOCK
FUTURES
556234
40215.17
-3.82
FUTURES
STOCK
STOCK
3624.59
3546.02
78.57
79937
5629.39
4.82
291978
22171.35
-5.41
OPTIONS
OPTIONS
TOTAL
33710.81
33179.52
531.29
2284787
159982.65
(0.12)
TOTAL
3078585
246946.19
-70.16
Nifty Spot = 9653.50
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9600
123.50
Buy
9700
117.85
54.35
45.65
9654.35
42.15
57.85
9657.85
Sell
9700
69.15
Sell
9600
75.70
Buy
9600
123.50
Buy
9700
117.85
90.80
109.20
9690.80
69.05
130.95
9630.95
Sell
9800
32.70
Sell
9500
48.80
Buy
9700
69.15
Buy
9600
75.70
36.45
63.55
9736.45
26.90
73.10
9573.10
Sell
9800
32.70
Sell
9500
48.80
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
June 05, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,618
1,631
1,651
1,664
1,684
ADANIPORTS
347
352
356
361
365
AMBUJACEM
237
239
241
242
244
ASIANPAINT
1,152
1,158
1,166
1,173
1,181
AUROPHARMA
566
579
589
603
613
AXISBANK
502
505
509
512
516
BAJAJ-AUTO
2,735
2,794
2,832
2,891
2,929
BANKBARODA
175
177
179
181
183
BPCL
712
718
729
736
746
BHARTIARTL
363
368
375
380
386
INFRATEL
364
369
376
381
388
BOSCHLTD
23,237
23,524
23,900
24,187
24,562
CIPLA
511
521
527
537
543
COALINDIA
263
266
268
271
273
DRREDDY
2,502
2,528
2,551
2,578
2,601
EICHERMOT
28,727
28,953
29,127
29,353
29,527
GAIL
391
397
405
411
419
HCLTECH
844
851
860
867
876
HDFCBANK
1,616
1,625
1,636
1,645
1,655
HDFC
1,569
1,587
1,600
1,618
1,631
HEROMOTOCO
3,712
3,781
3,819
3,888
3,927
HINDALCO
192
194
197
200
203
HINDUNILVR
1,022
1,054
1,079
1,111
1,135
IBULHSGFIN
1,113
1,123
1,138
1,147
1,162
ICICIBANK
312
315
319
322
326
IOC
407
411
415
419
424
INDUSINDBK
1,469
1,492
1,506
1,529
1,543
INFY
958
964
970
975
981
ITC
313
316
318
321
323
KOTAKBANK
958
962
967
971
976
LT
1,762
1,773
1,789
1,800
1,816
LUPIN
1,143
1,155
1,164
1,176
1,185
M&M
1,395
1,407
1,421
1,433
1,447
MARUTI
7,046
7,081
7,134
7,168
7,222
NTPC
160
161
162
164
165
ONGC
172
173
174
175
177
POWERGRID
204
205
207
208
210
RELIANCE
1,305
1,315
1,327
1,337
1,349
SBIN
284
285
288
290
292
SUNPHARMA
504
509
514
519
524
TCS
2,530
2,548
2,570
2,587
2,609
TATAMTRDVR
283
286
290
293
297
TATAMOTORS
473
476
481
484
489
TATAPOWER
80
81
81
82
82
TATASTEEL
479
486
494
501
510
TECHM
392
396
399
403
406
ULTRACEMCO
4,175
4,208
4,231
4,264
4,286
VEDANTA
221
225
230
234
239
WIPRO
536
544
549
557
562
YESBANK
1,429
1,456
1,472
1,498
1,514
ZEEL
517
520
524
528
532
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Technical & Derivatives Report
June 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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