Technical & Derivatives Report
February 06, 2017
Sensex (28241) / Nifty (8741)
Exhibit 1: Nifty Daily Chart
The Nifty opened on a flat note on Friday and traded in a narrow
range to post a close with marginal gains.
Now, at this juncture, as far price structure is concerned, we have
been anticipating probable 'Cup and Handle' pattern after
forming a strong base in the vicinity of 7900-8100 level. It seems
that the process of completing this pattern is going well and we
are inch away from the completion around the 9000 mark. Now
for the coming week, we expect some consolidation in the market
considering couple of 'Narrow Range' bodies on daily chart
preciously at 78.6% retracement of the entire down move from
8968 to 7893. However, we maintain our optimistic stance in the
market with a directional view and expect much higher levels
quite soon.
The immediate level on the upside would now be seen at 8807-
8893; whereas on the flipside, immediate support is placed at
8672-8650. With a directional view, the base has been shifted
higher and we don't expect the index to slip below 8537 for quite
some time. Traders are repeatedly advised to keep following
individual stocks to form positional trades on the long side.
Key Levels
Support 1 - 8672
Resistance 1 - 8807
Support 2 - 8620
Resistance 2 - 8893
Nifty Bank Outlook - (20197)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued with its positive momentum and
ended the session on a positive note. On weekly basis, the index
has gained 2.48 percent in last week.
The Nifty Bank index as well as its constituents continued to show
strength on Friday as the stock within the sector continued to
move higher. However, the momentum seems to be much
stronger in the PSU Banking stocks; wherein the Nifty PSU Bank
index gained 6.52 percent during last week. The momentum
readings continue to indicate higher probability of further strength
and thus, traders are advised to continue to trade with positive
bias. The intraday supports for the Nifty Bank index are placed
around 20025 and 19900 whereas resistances are seen around
20360 and 20575.
Key Levels
Support 1 - 20025
Resistance 1 - 20360
Support 2 - 19900
Resistance 2 - 20575
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Technical & Derivatives Report
February 06, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.51%
BankNifty futures open interest has increased by 10.53%
as market closed at 8740.95 levels.
The Nifty February future closed with a premium of
13.40 points against the premium of 9.70 points in last
trading session. The March series closed at a premium of
39.55 points.
The Implied Volatility of at the money options has
decreased from 11.35% to 10.87%. At the same time,
the PCR-OI of Nifty has increased from 1.04 to 1.08
levels.
The total OI of the market is Rs. 2,77,848/- cr. and the
stock futures OI is Rs. 84,583/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, GMRINFRA, SOUTHBANK,
IDFC and TV18BRDCST.
Views
OI Gainers
OI
PRICE
FIIs were buyers in equity cash segment worth Rs. 354
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
crores on Friday. While, they sold index futures worth
TORNTPHARM
349200
32.27
1310.55
1.83
Rs. 275 crores with some rise in open interest, indicating
CEATLTD
2254700
19.87
1188.45
0.31
short formation in previous trading session.
GRANULES
10755000
18.84
128.65
10.38
In index options segment, FIIs were seller to the tune of
MRF
40155
18.45
51088.35
-1.20
Rs. 1321 with rise in open interest. In call options, except
CIPLA
6928000
15.91
610.75
4.10
some unwinding in 8600 strike, we hardly saw any
JETAIRWAYS
5425000
15.45
377.65
-2.28
meaningful activity in other strikes. On the other hand, in
NIITTECH
820500
14.44
426.10
1.60
put options, we witnessed decent build-up in 8600-8700
GLENMARK
2956800
13.34
952.00
4.25
and 8100 - 8200 strikes; followed by unwinding in 8000
strike. Highest open interest in current series is placed at
9000 call and 8500 put option.
OI Losers
OI
PRICE
Last week, Nifty rallied by around 100 points and we
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
witnessed long build-up in that up move. But,
ORIENTBANK
14490000
-18.69
130.20
4.54
surprisingly, FIIs had formed mixed positions in last
JINDALSTEL
45135000
-6.80
91.40
6.22
week; wherein, short positions are more than long ones.
SIEMENS
874000
-5.41
1192.95
1.85
However, their longs formed in preceding weeks are still
SUNTV
8708000
-5.29
678.70
22.74
intact. Also, index option data indicates strong support in
JPASSOCIAT
179588000
-5.00
13.10
1.16
Nifty around 8500-8550 levels. Until we see meaningful
KSCL
2575500
-4.19
477.45
0.05
change in data, we continue to maintain our bullish
COALINDIA
13375600
-4.18
324.10
1.79
stance on index. Thus, we advise traders to trade with
GODREJIND
1263000
-3.99
487.20
0.91
positive bias and use declines as a buying opportunity.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SUNTV
106.92
NIFTY
1.08
0.97
STAR
53.92
BANKNIFTY
0.98
0.84
TV18BRDCST
43.19
INFY
0.54
0.69
GRANULES
65.27
ICICIBANK
0.58
0.76
UNIONBANK
65.45
RELIANCE
0.42
0.31
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Technical & Derivatives Report
February 06, 2017
FII Statistics for February 03, 2017
Turnover on February 03, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1664.82
1939.76
(274.94)
274079
18578.93
1.95
172589
12489.61
-30.85
FUTURES
FUTURES
INDEX
INDEX
27899.34
29220.65
(1321.31)
1025531
68941.92
4.77
2520457
181963.48
-71.45
OPTIONS
OPTIONS
STOCK
8439.10
8497.93
(58.83)
999451
66374.14
1.00
STOCK
FUTURES
664815
48322.04
-3.17
FUTURES
STOCK
STOCK
4585.84
4491.23
94.61
75767
5267.77
12.42
390145
28316.55
-0.13
OPTIONS
OPTIONS
TOTAL
42589.11
44149.57
(1560.46)
2374828
159162.77
3.05
TOTAL
3748006
271091.67
-63.06
Nifty Spot = 8740.95
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8800
68.75
Buy
8700
70.70
33.85
66.15
8833.85
28.15
71.85
8671.85
Sell
8900
34.90
Sell
8600
42.55
Buy
8800
68.75
Buy
8700
70.70
52.65
147.35
8852.65
44.90
155.10
8655.10
Sell
9000
16.10
Sell
8500
25.80
Buy
8900
34.90
Buy
8600
42.55
18.80
81.20
8918.80
16.75
83.25
8583.25
Sell
9000
16.10
Sell
8500
25.80
Note: Above mentioned Bullish or Bearish Spreads in Nifty (February Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
February 06, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,392
1,408
1,424
1,439
1,455
ADANIPORTS
296
300
306
309
315
AMBUJACEM
226
228
230
231
234
ASIANPAINT
974
980
987
993
1,000
AUROPHARMA
673
679
687
693
702
AXISBANK
475
483
488
495
500
BAJAJ-AUTO
2,778
2,793
2,804
2,819
2,831
BANKBARODA
172
179
183
190
194
BHEL
138
140
142
144
145
BPCL
683
691
696
704
709
BHARTIARTL
346
350
356
360
366
INFRATEL
290
295
299
304
309
BOSCH
21,908
22,164
22,555
22,811
23,202
CIPLA
569
588
600
619
631
COALINDIA
318
322
325
329
331
DRREDDY
3,053
3,099
3,129
3,175
3,205
EICHERMOT
22,996
23,191
23,508
23,703
24,020
GAIL
466
472
477
483
488
GRASIM
927
936
948
957
969
HCLTECH
809
820
828
839
847
HDFCBANK
1,288
1,300
1,308
1,319
1,327
HDFC
1,375
1,386
1,397
1,408
1,419
HEROMOTOCO
3,183
3,198
3,217
3,232
3,251
HINDALCO
185
188
192
195
199
HINDUNILVR
833
841
847
855
861
ICICIBANK
276
279
282
285
288
IDEA
106
108
111
113
116
INDUSINDBK
1,254
1,279
1,297
1,321
1,339
INFY
913
924
933
944
953
ITC
268
271
273
276
278
KOTAKBANK
750
758
768
775
785
LT
1,444
1,462
1,475
1,493
1,506
LUPIN
1,464
1,478
1,492
1,506
1,520
M&M
1,241
1,251
1,262
1,272
1,284
MARUTI
6,063
6,089
6,123
6,149
6,183
NTPC
170
171
172
173
175
ONGC
199
200
202
203
204
POWERGRID
198
200
203
205
208
RELIANCE
1,018
1,026
1,038
1,046
1,058
SBIN
269
274
276
280
283
SUNPHARMA
636
642
646
651
655
TCS
2,170
2,201
2,222
2,253
2,274
TATAMTRDVR
328
331
336
339
344
TATAMOTORS
512
517
525
530
537
TATAPOWER
79
80
81
82
83
TATASTEEL
462
467
474
479
486
TECHM
458
469
476
487
493
ULTRACEMCO
3,688
3,713
3,741
3,766
3,794
WIPRO
452
455
457
460
463
YESBANK
1,378
1,388
1,395
1,405
1,412
ZEEL
478
487
501
509
523
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Technical & Derivatives Report
February 06, 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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