Technical & Derivatives Report
June 07, 2017
Sensex (31191) / Nifty (9637)
Exhibit 1: Nifty Daily Chart
Yesterday, we witnessed a gap up opening by a small margin
above the 9700 mark. However, index struggled in the initial
hours as we saw decent profit booking at higher levels. In fact,
this corrective move extended as the day progressed and
eventually, the Nifty went on to close almost at the lowest point of
the day.
With reference to recent reports, we have been advising booking
profits as the index approaches the resistance zone of 9700-9720
levels. Yesterday's move was very much on expected lines but still
we do not see any major trend reversal sign on charts. At this
juncture, traders are advised to keep booking profits at higher
levels and focus more on individual stocks. For the coming
session,
9680-9720 would be seen as immediate hurdles;
whereas, 9620-9580 are likely to act a strong support zone.
Today, the RBI is going to announce its policy and hence, traders
should keep a focus on market reaction post the event.
Key Levels
Support 1 - 9620
Resistance 1 - 9680
Support 2 - 9580
Resistance 2 - 9720
Nifty Bank Outlook - (23416)
Exhibit 2: Nifty Bank Daily Chart
Although the Nifty Bank index opened gap up in yesterday's
session, it traded in a narrow range throughout the session. The
index eventually ended the session with a marginal loss of 0.18
percent over its previous session's close.
The index is trading around the resistance of 23550-23650 which
have we been mentioning in our report since last few days. The
overall market breadth was negative yesterday which is a sign of
caution. The outcome of the RBI's bi-monthly monetary policy
today could lead to some volatility in the stocks within the sector.
However, we continue to advise traders to book profits on long
positions in the index. A stock specific approach could fetch better
trading opportunities for short-term. 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
www.angelbroking.com
Technical & Derivatives Report
June 07, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.80%
BankNifty futures open interest has decreased by 1.01%
as market closed at 9675.10 levels.
The Nifty June future closed with a premium of 28.60
points against the premium of 10.40 points in last
trading session. The July series closed at a premium of
48.25 point.
The Implied Volatility of at the money options has
decreased from 8.86% to 8.72%. At the same time, the
PCR-OI of Nifty has decreased from 1.20 to 1.19 levels.
Few of the liquid counters where we have seen high cost
of carry are RCOM, DLF, JPASSOCIAT, KAJARIACER and
ADANIPOWER.
Views
FIIs activity in cash market segment remained muted.
While, in index futures they were net sellers to the tune of
OI Gainers
Rs. 199 crores with fall in open interest, indicating some
OI
PRICE
profit booking took place in previous trading session.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
In index options front, they were net buyers of Rs. 95
APOLLOTYRE
12270000
17.60
259.35
4.49
crores with some rise in open interest. In Nifty option,
GODREJCP
651600
16.69
1817.50
0.18
9700 call option added good amount of open interest in
CHOLAFIN
286500
11.05
1029.40
-1.82
yesterday’s session. While, in put option, some build-up
MGL
472200
11.00
993.60
1.11
was seen in 9500 strike followed by unwinding in 9400
PIDILITIND
1700000
10.61
799.40
0.59
put option. In BankNifty options, we could hardly trace
ADANIENT
24224000
9.55
128.05
8.80
any relevant build-up in call option, but, huge amount of
PVR
415200
8.92
1392.85
-3.94
unwinding was seen in 23500 call option. On the flip
GODREJIND
1950000
7.44
599.85
-2.28
side,
23500 and
23000 put options added huge
positions and we believe these are longs formed by retail
OI Losers
participants.
OI
PRICE
Despite an important event lined up today, FIIs activity
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
remained subdued in both cash as well as F&O segment.
TITAN
5551500
-18.61
527.15
-4.07
However, long positions formed in index futures in last
RAMCOCEM
331200
-15.68
697.40
-2.25
couple of days are still intact and we can hardly see any
GSFC
7357500
-8.45
125.90
-4.60
signs of profit booking yet, which is a positive sign for
RAYMOND
1575200
-7.86
728.45
-3.28
Bulls. Thus, unless we don’t see any consequential profit
IBREALEST
29240000
-7.59
164.35
-3.45
booking or short formation, we would suggest traders to
TATAELXSI
1066000
-6.88
1541.15
3.23
focus on individual stocks with a positive bias in order to
DIVISLAB
9810800
-6.88
630.25
0.09
fetch higher returns.
PAGEIND
32350
-6.64
14937.55
3.04
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HCLTECH
22.80
NIFTY
1.19
1.06
PVR
29.66
BANKNIFTY
1.18
1.11
NTPC
23.44
SUNPHARMA
0.38
0.33
TATAMOTORS
32.32
RELIANCE
0.46
0.40
TCS
28.76
SBIN
0.62
0.52
www.angelbroking.com
Technical & Derivatives Report
June 07, 2017
FII Statistics for June 06, 2017
Turnover on June 06, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1121.88
1321.14
(199.27)
276995
20796.73
(0.77)
121413
9696.20
2.79
FUTURES
FUTURES
INDEX
INDEX
20944.43
20849.64
94.79
838257
61992.63
0.43
2209155
185915.14
-4.83
OPTIONS
OPTIONS
STOCK
7309.52
7455.43
(145.91)
1100177
72557.03
(0.76)
STOCK
FUTURES
590725
42518.93
14.44
FUTURES
STOCK
STOCK
4025.45
4004.11
21.33
86382
6055.62
4.52
328787
24444.23
16.81
OPTIONS
OPTIONS
TOTAL
33401.27
33630.32
(229.05)
2301811
161402.01
(0.14)
TOTAL
3250080
262574.50
-0.11
Nifty Spot = 9637.15
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9700
72.30
Buy
9600
67.40
39.00
61.00
9739.00
25.00
75.00
9575.00
Sell
9800
33.30
Sell
9500
42.40
Buy
9700
72.30
Buy
9600
67.40
59.10
140.90
9759.10
40.80
159.20
9559.20
Sell
9900
13.20
Sell
9400
26.60
Buy
9800
33.30
Buy
9500
42.40
20.10
79.90
9820.10
15.80
84.20
9484.20
Sell
9900
13.20
Sell
9400
26.60
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
www.angelbroking.com
Technical & Derivatives Report
June 07, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,562
1,585
1,620
1,642
1,677
ADANIPORTS
351
356
362
368
374
AMBUJACEM
230
232
237
240
244
ASIANPAINT
1,129
1,141
1,153
1,165
1,177
AUROPHARMA
574
580
589
594
603
AXISBANK
501
506
510
515
519
BAJAJ-AUTO
2,829
2,851
2,886
2,908
2,943
BANKBARODA
170
172
176
178
182
BPCL
716
721
728
733
741
BHARTIARTL
364
367
370
372
375
INFRATEL
375
379
384
388
393
BOSCHLTD
23,426
23,565
23,740
23,880
24,055
CIPLA
515
525
532
542
549
COALINDIA
260
261
263
264
267
DRREDDY
2,494
2,522
2,544
2,571
2,593
EICHERMOT
28,805
28,998
29,193
29,387
29,582
GAIL
389
394
399
404
409
HCLTECH
845
867
888
911
932
HDFCBANK
1,624
1,631
1,638
1,645
1,651
HDFC
1,589
1,597
1,611
1,620
1,633
HEROMOTOCO
3,751
3,775
3,810
3,834
3,869
HINDALCO
193
194
196
197
199
HINDUNILVR
1,079
1,085
1,093
1,100
1,108
IBULHSGFIN
1,106
1,122
1,149
1,165
1,192
ICICIBANK
316
317
319
321
323
IOC
415
420
425
430
435
INDUSINDBK
1,482
1,497
1,510
1,524
1,537
INFY
954
967
977
990
1,000
ITC
303
307
313
317
323
KOTAKBANK
956
961
966
971
975
LT
1,749
1,762
1,785
1,798
1,821
LUPIN
1,129
1,140
1,153
1,163
1,176
M&M
1,389
1,400
1,415
1,426
1,441
MARUTI
7,048
7,080
7,117
7,149
7,186
NTPC
154
156
160
161
165
ONGC
168
170
173
175
178
POWERGRID
200
202
204
205
207
RELIANCE
1,296
1,305
1,319
1,328
1,342
SBIN
283
285
289
291
295
SUNPHARMA
495
499
508
513
521
TCS
2,599
2,648
2,678
2,727
2,757
TATAMTRDVR
269
275
283
289
297
TATAMOTORS
441
451
468
478
494
TATAPOWER
78
79
80
81
82
TATASTEEL
484
487
492
495
500
TECHM
392
401
408
416
423
ULTRACEMCO
4,059
4,091
4,143
4,175
4,227
VEDANTA
224
227
229
232
234
WIPRO
544
552
560
569
576
YESBANK
1,479
1,492
1,512
1,526
1,546
ZEEL
512
515
521
524
530
www.angelbroking.com
Technical & Derivatives Report
June 07, 2017
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a
registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number
INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing
/dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed public
offering of securities of the company covered by *Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
www.angelbroking.com