Technical & Derivatives Report
June 06, 2017
Sensex (31309) / Nifty (9675)
Exhibit 1: Nifty Weekly Chart
Trading for the week began on a flat note as indicated by the
SGX Nifty. Subsequently, we witnessed narrow range activity in
the index with a positive bias. Eventually, the Nifty ended the
session tad below the 9700 mark.
The consolidation continues in our market and this is very much in
line with our expectations. As mentioned in our previous articles,
we believe that the upside in the near term is now limited and
hence, one should look to lighten up their positions in the around
the 9700 mark. The coming session is likely to trade with some
volatility on the back RBI monetary policy. Price wise we do not
expect any positive surprise from this event and hence, any
disappointment may lead to some profit booking in the market.
For the coming session, 9640 - 9581 would act as a strong
support zone.
Key Levels
Support 1 - 9640
Resistance 1 - 9720
Support 2 - 9581
Resistance 2 - 9750
Nifty Bank Outlook - (23460)
Exhibit 2: Nifty Bank Weekly Chart
The Nifty Bank index continued to trade in a narrow range and
ended the session with minor gains of 0.36 percent over Friday's
close.
The broader momentum in the market continues to be positive as
the market breadth clearly favored the advances. The Nifty Bank
index is trading tad below our mentioned target zone of 23550-
23650. It is advisable to book profits in the long positions in the
index as upside seems to limited in near term. Traders should
focus on stock specific moves where we have seen better trading
opportunities in last few trading sessions. 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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Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.11%
BankNifty futures open interest has increased by 1.01%
as market closed at 9675.10 levels.
The Nifty June future closed with a premium of 10.40
points against the discount of 0.90 points in last trading
session. The July series closed at a premium of 32.95
point.
The Implied Volatility of at the money options has
increased from 8.29% to 8.86%. At the same time, the
PCR-OI of Nifty has increased from 1.16 to 1.20 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, JPASSOCIAT, NBCC, TV18BRDCST
and IFCI.
Views
FIIs were net buyers in both cash market segment and
OI Gainers
index futures. They bought equities worth Rs. 477 crores.
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
While, in index futures they were net buyers to the tune of
PAGEIND
34650
52.64
14482.55
1.27
Rs. 195 crores with fall in open interest, indicating short
TITAN
6820500
33.66
551.85
16.36
covering took place in previous trading session.
RAYMOND
1709600
19.72
751.25
6.97
In index options front, they were net buyers of Rs. 804
NBCC
3426000
16.17
201.15
2.92
crores with rise in open interest. In Nifty option,
ESCORTS
2860000
15.66
745.25
3.81
9800 and 9900 call options were active and they also
CHOLAFIN
258000
12.91
1046.35
1.26
added some positions. On the flip side, we witnessed
NIITTECH
708000
12.65
555.95
3.39
huge open interest addition in 9600 put options along
with decent build-up in 9700 and 9500 strike. Maximum
PCJEWELLER
1572000
12.09
551.00
9.32
open interest concentration in June series has shifted to
9500 from 9400 put options and in call options remains
OI Losers
intact in 9700 strike.
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Despite market is clocking new record high, we are
ARVIND
5820000
-8.14
392.20
3.26
hardly witnessing any profit booking or short formation
RELCAPITAL
12324000
-6.15
557.95
1.10
in the overall derivatives segment. In fact, yesterday FIIs
CADILAHC
2526400
-5.05
490.60
-0.75
bought equities along with some short covering in index
DIVISLAB
10535400
-4.56
630.85
1.75
futures. While, they also bought index call option. Thus,
unless we don’t see any signs of reversal, we maintain of
MUTHOOTFIN
1767000
-4.31
433.60
1.11
MCDOWELL-N
2360500
-4.30
2484.95
6.01
optimistic stance on market. Hence, we would suggest
traders to trade with positive bias and prefer stock
DLF
41150000
-4.25
176.90
0.48
specific approach.
CONCOR
1143750
-3.84
1172.70
0.77
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TITAN
79.51
NIFTY
1.20
1.15
TATAELXSI
63.87
BANKNIFTY
1.08
1.05
PCJEWELLER
76.34
SUNPHARMA
0.39
0.27
DHFL
35.64
RELIANCE
0.50
0.38
RAYMOND
63.89
SBIN
0.61
0.56
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Technical & Derivatives Report
June 06, 2017
FII Statistics for June 05, 2017
Turnover on June 05, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1355.85
1160.94
194.91
279153
20987.83
(1.73)
118546
9432.73
-7.58
FUTURES
FUTURES
INDEX
INDEX
24747.96
23943.73
804.22
834706
61864.03
2.69
2360483
195355.25
385.78
OPTIONS
OPTIONS
STOCK
6230.55
5753.18
477.37
1108644
73392.44
0.06
STOCK
FUTURES
514803
37153.07
-78.69
FUTURES
STOCK
STOCK
3201.00
3175.37
25.63
82643
5845.70
3.39
280792
20927.22
-5.61
OPTIONS
OPTIONS
TOTAL
35535.36
34033.22
1502.14
2305146
162090.00
0.89
TOTAL
3274624
262868.27
6.45
Nifty Spot = 9675.10
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9700
80.45
Buy
9700
97.90
42.35
57.65
9742.35
36.80
63.20
9663.20
Sell
9800
38.10
Sell
9600
61.10
Buy
9700
80.45
Buy
9700
97.90
65.20
134.80
9765.20
59.40
140.60
9640.60
Sell
9900
15.25
Sell
9500
38.50
Buy
9800
38.10
Buy
9600
61.10
22.85
77.15
9822.85
22.60
77.40
9577.40
Sell
9900
15.25
Sell
9500
38.50
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 06, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,619
1,633
1,645
1,658
1,671
ADANIPORTS
351
356
360
365
370
AMBUJACEM
238
239
241
242
243
ASIANPAINT
1,149
1,155
1,166
1,172
1,183
AUROPHARMA
583
588
595
601
608
AXISBANK
503
508
512
518
522
BAJAJ-AUTO
2,813
2,855
2,893
2,936
2,973
BANKBARODA
177
178
179
180
181
BPCL
716
722
730
736
744
BHARTIARTL
367
370
374
376
380
INFRATEL
372
377
381
386
390
BOSCHLTD
23,621
23,757
23,874
24,011
24,127
CIPLA
524
530
533
538
542
COALINDIA
261
263
265
267
270
DRREDDY
2,493
2,515
2,541
2,563
2,589
EICHERMOT
29,053
29,189
29,287
29,423
29,521
GAIL
392
395
400
403
408
HCLTECH
850
854
861
865
871
HDFCBANK
1,619
1,627
1,633
1,641
1,647
HDFC
1,582
1,594
1,603
1,615
1,624
HEROMOTOCO
3,786
3,811
3,846
3,870
3,905
HINDALCO
193
195
197
199
202
HINDUNILVR
1,082
1,090
1,096
1,103
1,109
IBULHSGFIN
1,108
1,139
1,163
1,194
1,219
ICICIBANK
316
318
320
322
323
IOC
413
418
421
425
428
INDUSINDBK
1,492
1,499
1,509
1,515
1,526
INFY
948
953
963
968
978
ITC
311
314
316
319
321
KOTAKBANK
956
961
965
971
975
LT
1,773
1,789
1,799
1,815
1,825
LUPIN
1,136
1,146
1,158
1,168
1,180
M&M
1,414
1,419
1,426
1,430
1,437
MARUTI
7,055
7,091
7,126
7,161
7,197
NTPC
161
162
162
163
164
ONGC
172
174
176
178
181
POWERGRID
202
204
206
207
209
RELIANCE
1,304
1,316
1,329
1,342
1,354
SBIN
285
286
288
289
291
SUNPHARMA
505
509
515
519
526
TCS
2,535
2,569
2,595
2,629
2,654
TATAMTRDVR
284
286
288
290
291
TATAMOTORS
472
475
478
482
485
TATAPOWER
80
81
81
82
82
TATASTEEL
480
486
493
498
506
TECHM
394
398
402
406
410
ULTRACEMCO
4,105
4,142
4,202
4,238
4,298
VEDANTA
224
227
230
233
236
WIPRO
542
549
553
560
565
YESBANK
1,466
1,495
1,511
1,539
1,555
ZEEL
518
522
525
529
532
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Technical & Derivatives Report
June 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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