Technical & Derivatives Report
August 07, 2017
Sensex (32325) / Nifty (10066)
Exhibit 1: Nifty Daily Chart
After taking a breather for couple of days post the RBI policy,
our markets started proceedings on a muted note. In the first
half, we witnessed trading with a mildly negative bias; but, a
strong broad based buying interest in the latter half pulled the
index higher to reclaim the 10050 mark on a weekly closing
basis.
If we look at the hourly chart, we can clearly see that the index
rebounded after precisely testing the ’89-EMA’ level of 9987.
Such kind of volatility or tug of war between two
counterparties is quite obvious at historic highs. We expect the
index to remain within a range of 10150 - 9944 for a while
and hence, one should ideally continue focusing on individual
stocks that are offering much better trading opportunities.
Technically speaking with a slightly broader perspective, the
Nifty has now reached the ‘Upward Sloping Trend Line’ level
of 10060 which coincides with the 100% ‘Price Extension’ of
the previous up move from 7893.80. Hence, we reiterate that
one should remain light on positions and as mentioned in the
above section, should concentrate on stock centric approach
with a proper exit strategy.
Key Levels
Support 1 - 9980
Resistance 1 - 10081
Support 2 - 9944
Resistance 2 - 10150
Nifty Bank Outlook - (24827)
Exhibit 2: Nifty Bank Daily Chart
During last week, the Nifty Bank index traded with higher
volatility and Friday's recovery from the lower levels has led to
the formation of a 'Doji' candlestick pattern on the weekly
chart. The mentioned pattern indicates indecision amongst
market participants. The momentum readings on the weekly
charts are in the overbought zone and the 'Doji' candlestick
pattern may lead to a consolidation phase in near term. The
resistance for the coming week is seen in the range of 25000-
25200 whereas supports are seen around 24590 and 24410.
However, the stock specific momentum within the sector is a
clear indication that short-term traders should find
opportunities in the stocks which could outperform the broader
index. Thus, we advise traders to be stock-specific and trade
with proper risk management.
Key Levels
Support 1 - 24590
Resistance 1 - 25000
Support 2 - 24410
Resistance 2 - 25200
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Technical & Derivatives Report
August 07, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.18%
BankNifty futures open interest has decreased by 4.68%
as market closed at 10066.40 levels.
The Nifty August future closed with a premium of 42.15
points against the premium of 29.35 points in last
trading session. The September series closed at a
premium of 78.60 points.
The Implied Volatility of at the money options has
decreased from 9.78 to 9.55. At the same time, the PCR-
OI of Nifty has increased from 1.21 levels to 1.27.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, TORNTPOWER, WOCKPHARMA,
GMRINFRA and NIITTECH.
Views
FIIs were net sellers in cash market segment and index
OI Gainers
futures. They sold equities to the tune of Rs. 854 crores.
OI
PRICE
While, they were net sellers of Rs. 286 crores with rise in
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
open interest, suggesting short formation in previous
TITAN
5541000
30.07
613.25
9.63
trading session.
BERGEPAINT
1331000
20.52
242.80
-2.16
In index options front, they were net buyers of Rs. 879
CHENNPETRO
2740500
17.12
387.20
-1.26
crores with rise in open interest. In Nifty options segment,
IBREALEST
46020000
17.01
249.40
2.91
we hardly saw any relevant open interest addition;
UJJIVAN
8794800
13.47
322.65
3.93
however, good amount of unwinding was seen in
HDIL
39240000
11.07
76.15
-9.29
10100-10200. On the flip side, 10000-10100 strikes
BIOCON
10308600
8.94
359.40
-4.78
added decent positions. At present, maximum
DRREDDY
4454600
8.93
2254.10
-3.65
concentration of open interest is placed at 10500 call
and 10000 put option.
OI Losers
From the beginning of August series, FIIs have been
OI
PRICE
shorting index futures along with long formation in index
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
put options. As a result, their index futures ‘Long Short
APOLLOTYRE
10995000
-11.49
262.65
-3.53
Ratio’ dropped to 65% from 84%. However, rollovers
HEXAWARE
2628000
-8.27
251.20
1.84
figure of August series suggests they rolled majority of
INDIACEM
30142000
-8.25
198.15
2.85
their long positions in index futures. Thus, the above data
VOLTAS
3954000
-7.49
540.45
0.97
is not giving any clear indication. At current juncture,
MOTHERSUMI
6401250
-7.13
335.00
1.45
Hence, until we don't see meaningful unwinding to their
HEROMOTOCO
874400
-6.86
3959.75
2.98
longs in index futures by stronger hands, traders are
AMBUJACEM
9032500
-6.71
278.00
1.96
advised to avoid direction trade in index and prefer stock
PNB
28245000
-6.65
151.80
1.27
specific approach.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CEATLTD
50.00
NIFTY
1.27
0.97
HDIL
55.83
BANKNIFTY
1.07
0.92
TITAN
53.24
RELIANCE
0.66
0.60
IOC
47.47
ITC
0.32
0.21
BPCL
34.45
SBIN
0.67
0.53
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Technical & Derivatives Report
August 07, 2017
FII Statistics for August 04, 2017
Turnover on August 04, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
703.58
989.88
(286.30)
262861
20308.81
4.58
189117
16203.40
-9.72
FUTURES
FUTURES
INDEX
INDEX
45493.27
44614.15
879.11
935749
72353.10
5.14
3822933
343469.05
-65.80
OPTIONS
OPTIONS
STOCK
7531.95
7481.64
50.31
800680
56394.42
1.60
STOCK
FUTURES
712972
52960.77
4.26
FUTURES
STOCK
STOCK
6285.19
6255.25
29.94
91409
6817.21
19.51
465342
35245.78
1.96
OPTIONS
OPTIONS
Total
60013.99
59340.92
673.07
2090699
155873.54
4.23
TOTAL
5190364
447879.00
-59.57
Nifty Spot = 10066.40
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10100
107.95
Buy
10000
67.95
45.85
54.15
10145.85
23.20
76.80
9976.80
Sell
10200
62.10
Sell
9900
44.75
Buy
10100
107.95
Buy
10000
67.95
75.30
124.70
10175.30
38.35
161.65
9961.65
Sell
10300
32.65
Sell
9800
29.60
Buy
10200
62.10
Buy
9900
44.75
29.45
70.55
10229.45
15.15
84.85
9884.85
Sell
10300
32.65
Sell
9800
29.60
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
August 07, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,771
1,792
1,815
1,836
1,858
ADANIPORTS
399
403
407
410
414
AMBUJACEM
266
272
275
281
284
ASIANPAINT
1,133
1,145
1,153
1,165
1,172
AUROPHARMA
710
718
726
733
742
AXISBANK
502
505
508
511
514
BAJAJ-AUTO
2,773
2,824
2,862
2,913
2,951
BANKBARODA
153
156
158
161
164
BPCL
477
497
511
532
546
BHARTIARTL
407
414
419
426
430
INFRATEL
395
401
405
411
415
BOSCHLTD
23,787
24,174
24,537
24,923
25,287
CIPLA
533
551
561
579
590
COALINDIA
234
242
246
253
258
DRREDDY
2,177
2,208
2,262
2,293
2,347
EICHERMOT
29,929
30,783
31,354
32,208
32,779
GAIL
363
371
377
385
391
HCLTECH
865
878
886
899
907
HDFCBANK
1,754
1,772
1,784
1,803
1,815
HDFC
1,713
1,722
1,730
1,740
1,748
HEROMOTOCO
3,765
3,861
3,912
4,008
4,060
HINDALCO
216
220
223
228
231
HINDUNILVR
1,149
1,171
1,183
1,205
1,218
IBULHSGFIN
1,189
1,201
1,210
1,222
1,231
ICICIBANK
292
294
296
298
299
IOC
379
399
413
433
447
INDUSINDBK
1,621
1,643
1,657
1,679
1,693
INFY
970
977
983
990
996
ITC
277
279
282
284
286
KOTAKBANK
984
990
995
1,001
1,006
LT
1,164
1,170
1,176
1,182
1,188
LUPIN
950
971
985
1,006
1,019
M&M
1,383
1,401
1,413
1,430
1,442
MARUTI
7,707
7,739
7,772
7,803
7,837
NTPC
166
172
175
181
184
ONGC
162
164
166
168
169
POWERGRID
220
222
224
226
227
RELIANCE
1,586
1,604
1,633
1,652
1,681
SBIN
294
300
303
309
312
SUNPHARMA
483
495
504
516
525
TCS
2,473
2,498
2,513
2,538
2,553
TATAMTRDVR
252
253
255
257
259
TATAMOTORS
431
433
436
438
441
TATAPOWER
78
79
81
82
84
TATASTEEL
550
563
572
585
593
TECHM
404
406
409
412
414
ULTRACEMCO
4,031
4,056
4,088
4,113
4,145
VEDANTA
274
281
286
293
297
WIPRO
286
288
291
292
295
YESBANK
1,744
1,776
1,796
1,828
1,847
ZEEL
533
538
543
547
552
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Technical & Derivatives Report
August 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]
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