Technical & Derivatives Report
September 06, 2017
Sensex (31810) / Nifty (9952)
Exhibit 1: Nifty Daily Chart
Our markets had a roller-coaster ride yesterday as the Nifty
gyrated within previous day’s range with a slightly higher
volatility. During the midst of the day, we witnessed markets
correcting quite sharply from higher levels; but, once again a
smart recovery in the second half pushed the index higher to
reclaim the 9950 mark on a closing basis.
Since, the daily chart structure does not depict any major
change; our view more or less remains the same. We continue
to expect index consolidating in a range of 9855 - 10000 for
a while; but, during this, lot of individual stocks are likely to
outperform (similar to what we witnessed yesterday). In such
kind of scenarios, traders are advised not to participate in
index specific trades; rather keep concentrating on selective
midcaps that are showing excellent buying interest.
Key Levels
Support 1 - 9901
Resistance 1 - 9965
Support 2 - 9855
Resistance 2 - 10000
Nifty Bank Outlook - (24328)
Exhibit 2: Nifty Bank Hourly Chart
The Nifty Bank index continued the consolidation phase and
traded in a narrow range to end the session with a marginal
gain of 0.38 percent.
As mentioned in our earlier report, the Nifty Bank index is
locked in a range and yet there are no signs of any directional
momentum. The resistance end of this consolidation phase is
placed around 24500 and only a breakout above it will lead
to a positive momentum. On the flipside, the support for the
index is placed in the range of 24150-24100. Thus, short
term traders are advised to follow a stock specific approach till
we see any signs of a directional breakout.
Key Levels
Support 1 - 24150
Resistance 1 - 24400
Support 2 - 24100
Resistance 2 - 24500
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Technical & Derivatives Report
September 06, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.08%
BankNifty futures open interest has decreased by 0.04%
as market closed at 9952.20levels.
The Nifty September future closed with a premium of
14.80 points against the premium of 19.40 points in last
trading session. The October series closed at a premium
of 47.25 points.
The Implied Volatility of at the money options has
decreased from 11.54to 11.27. At the same time, the
PCR-OI of Nifty has increased from 1.30 to 1.35.
Few of the liquid counters where we have seen high cost
of carry are JUSTDIAL, IFCI, ADANIPOWER, VGUARD
and ICIL.
Views
OI Gainers
FIIs continue their selling streak in cash market segment,
OI
PRICE
SCRIP
OI
PRICE
they sold equities to the tune of Rs. 379 crores. While in
CHG. (%)
CHG. (%)
index futures they were marginal buyers with some rise in
RAMCOCEM
742400
57.29
728.35
3.99
open interest, indicating minor addition of both short
VGUARD
2136000
27.37
192.15
4.17
and short positions in previous trading session.
L&TFH
18337500
16.56
205.95
4.78
In index options front, they bought of worth Rs.
1131
HEXAWARE
2337000
16.10
276.10
2.39
crores with rise in open interest. In call options, some
BAJFINANCE
4479000
14.49
1799.70
-0.39
build-up was seen in
10200 strike, followed by
OFSS
67050
12.88
3521.45
-2.20
unwinding in 10000-10100 call options. On the flip
CUMMINSIND
705000
12.01
902.30
-1.03
side, 9800-10000 put options added decent amount of
CEATLTD
1582700
11.11
1741.95
1.83
positions. While, maximum open interest concentration
remains intact in 9700 call and 10000 put options.
OI Losers
FIIs to continue their selling streak in equities segment.
OI
PRICE
SCRIP
OI
PRICE
While, in F&O segment too they have been forming
CHG. (%)
CHG. (%)
shorts in index futures along with long formation in index
RELCAPITAL
4482000
-14.75
743.95
7.69
put options. At current juncture, 10000-10050 is a
ICICIPRULI
4516200
-4.95
447.05
1.28
strong hurdle for Nifty. Taking into consideration the
JSWENERGY
73474000
-4.59
67.35
0.45
overall activity, we believe there is limited steam left in
INDIGO
1204200
-4.20
1258.05
-0.64
the market and any unfavorable trigger could result into
TORNTPHARM
219600
-4.02
1228.45
0.27
yet another round of profit booking which may bring
NESTLEIND
123800
-3.36
7057.80
2.21
Nifty towards support zone of 9650-9700.
CHENNPETRO
1968000
-3.24
455.80
0.57
CANBK
8471748
-2.52
339.25
0.76
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JISLJALEQS
53.68
NIFTY
1.35
1.08
RAMCOCEM
31.48
BANKNIFTY
0.98
0.90
IGL
35.67
INFY
0.35
0.47
BERGEPAINT
38.32
RELIANCE
0.72
0.49
DHFL
47.79
SBIN
0.58
0.49
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Technical & Derivatives Report
September 06, 2017
FII Statistics for September 05, 2017
Turnover on September 05, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
824.50
744.47
80.03
180142
13826.13
2.29
145934
12064.37
-27.49
FUTURES
FUTURES
INDEX
INDEX
34610.75
33479.83
1130.93
857640
66015.70
2.07
3461698
305362.95
-12.82
OPTIONS
OPTIONS
STOCK
6411.79
6378.48
33.31
753689
52766.99
1.41
STOCK
FUTURES
559819
42623.57
-17.92
FUTURES
STOCK
STOCK
3395.62
3359.52
36.11
44858
3319.31
14.93
312570
24589.75
-51.86
OPTIONS
OPTIONS
Total
45242.67
43962.29
1280.38
1836329
135928.13
2.10
TOTAL
4480021
384640.64
-18.15
Nifty Spot = 9952.20
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10000
96.30
Buy
9900
88.90
44.20
55.80
10044.20
26.60
73.40
9873.40
Sell
10100
52.10
Sell
9800
62.30
Buy
10000
96.30
Buy
9900
88.90
71.15
128.85
10071.15
44.95
155.05
9855.05
Sell
10200
25.15
Sell
9700
43.95
Buy
10100
52.10
Buy
9800
62.30
26.95
73.05
10126.95
18.35
81.65
9781.65
Sell
10200
25.15
Sell
9700
43.95
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
September 06, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,739
1,772
1,791
1,824
1,843
ADANIPORTS
378
384
388
395
399
AMBUJACEM
271
277
280
286
289
ASIANPAINT
1,187
1,197
1,210
1,219
1,233
AUROPHARMA
733
739
747
752
761
AXISBANK
499
501
504
506
509
BAJAJ-AUTO
2,877
2,914
2,942
2,979
3,006
BANKBARODA
135
137
138
140
141
BPCL
522
531
536
545
550
BHARTIARTL
389
398
406
415
423
INFRATEL
362
367
373
378
384
BOSCHLTD
21,862
22,049
22,349
22,537
22,837
CIPLA
552
556
561
565
570
COALINDIA
241
247
251
258
261
DRREDDY
2,167
2,188
2,203
2,224
2,240
EICHERMOT
31,445
31,690
31,845
32,090
32,245
GAIL
374
376
380
383
387
HCLTECH
843
851
857
865
871
HDFCBANK
1,743
1,749
1,757
1,763
1,771
HDFC
1,738
1,753
1,763
1,777
1,787
HEROMOTOCO
3,932
3,951
3,979
3,999
4,027
HINDALCO
238
240
242
244
246
HINDUNILVR
1,184
1,195
1,203
1,214
1,222
IBULHSGFIN
1,207
1,224
1,234
1,251
1,262
ICICIBANK
295
297
298
299
300
IOC
424
428
432
436
441
INDUSINDBK
1,656
1,670
1,679
1,694
1,703
INFY
894
898
901
906
909
ITC
280
282
283
284
285
KOTAKBANK
970
979
985
994
1,000
LT
1,113
1,120
1,129
1,136
1,146
LUPIN
976
984
995
1,003
1,014
M&M
1,305
1,315
1,323
1,333
1,341
MARUTI
7,770
7,793
7,825
7,848
7,880
NTPC
167
168
169
170
171
ONGC
160
162
163
164
165
POWERGRID
215
216
217
217
218
RELIANCE
1,616
1,624
1,630
1,638
1,643
SBIN
274
275
277
279
281
SUNPHARMA
481
486
496
501
510
TCS
2,418
2,451
2,470
2,504
2,523
TATAMTRDVR
215
217
219
221
223
TATAMOTORS
381
385
387
391
393
TATAPOWER
77
78
78
79
79
TATASTEEL
644
648
651
655
658
TECHM
413
420
426
433
438
ULTRACEMCO
3,967
4,032
4,071
4,136
4,174
VEDANTA
313
315
318
320
323
WIPRO
295
296
297
298
299
YESBANK
1,754
1,766
1,777
1,789
1,800
ZEEL
516
519
522
524
527
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Technical & Derivatives Report
September 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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