Technical & Derivatives Report
September 07, 2017
Sensex (31662) / Nifty (9916)
Exhibit 1: Nifty Daily Chart
In last few days, our market opening is clearly decided by the
overall developments happening on the global front.
Yesterday, once again, negative mood from the US bourses
was passed on to the Asian markets and hence, our
benchmark index (Nifty) had a gap down opening by nearly
half a percent. However, we saw a gradual recovery
throughout the remaining part of the day by a small margin to
defend the 9900 mark on a closing basis.
The consolidation continues in our market but fortunately, post
the opening, we are seeing an independent move by
shrugging off all the negative developments taking place with
respect to geopolitical concerns. The intraday trading range is
getting shrunk day-by-day; indicating possibility of a breakout
on either side soon. Till then traders are advised to keep
concentrating on selective midcaps that are showing excellent
buying interest. For the coming session, 9963 - 9988 would
be seen as immediate resistances; whereas, 9882 - 9861
should be considered as a key support zone.
Key Levels
Support 1 - 9882
Resistance 1 - 9963
Support 2 - 9861
Resistance 2 - 9988
Nifty Bank Outlook - (24279)
Exhibit 2: Nifty Bank Hourly Chart
Amidst a stock specific momentum, the Nifty Bank index
continued to trade in a narrow range in yesterday's session
too. The index traded in a range of 180 points and ended the
session with a minor loss of 0.20 percent. As mentioned in our
earlier reports, the index has resistance around 24500 and the
broader uptrend will resume only post a breakout above the
same. Till then, the index could continue to trade in a narrow
range. The near term supports for the index are placed in the
range of 24150-24100. Thus, we continue with our advice to
focus on stock specific trades and avoid trading the index untill
we get a clear breakout.
Key Levels
Support 1 - 24150
Resistance 1 - 24400
Support 2 - 24100
Resistance 2 - 24500
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Technical & Derivatives Report
September 07, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.55%
BankNifty futures open interest has decreased by 4.38%
as market closed at 9916.20 levels.
The Nifty September future closed with a premium of
19.15 points against the premium of 14.80 points in last
trading session. The October series closed at a premium
of 49.80 points.
The Implied Volatility of at the money options has
increased from 11.27 to 11.81. At the same time, the
PCR-OI of Nifty has decreased from 1.35 to 1.33.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, IDBI, EQUITAS, SOUTHBANK
and PVR.
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. 1353 crores. While in
CHG. (%)
CHG. (%)
index futures they were net sellers of Rs. 763 crores with
EQUITAS
10940800
23.25
180.40
3.92
decent rise in open interest, indicating formation of short
PNB
25518500
22.79
139.75
-3.15
positions in previous trading session.
REPCOHOME
814100
21.02
661.60
1.86
In index options front, they bought of worth Rs.
1346
GODREJCP
2068800
19.61
905.80
-2.84
crores with rise in open interest. We hardly witnessed any
MUTHOOTFIN
2514000
17.86
507.30
8.27
meaningful open interest addition in both call and put
RELIANCE
19955000
17.47
1646.95
0.79
options. However, 9950 call and 9800 put options were
RELCAPITAL
5250000
17.14
753.05
1.22
most active strikes. While, maximum open interest
JUSTDIAL
5570400
16.63
397.80
2.75
concentration remains intact in 9700 call and 10000 put
options.
OI Losers
FIIs continue curbing liquidity in current series as well.
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
CONCOR
1019375
-10.92
1382.25
2.41
put options. At current juncture, 10000-10050 is a
COALINDIA
25736300
-4.50
256.15
0.81
strong hurdle for Nifty. Taking into consideration the
DCBBANK
6057000
-4.27
188.80
1.02
overall activity, we believe there is limited steam left in
ULTRACEMCO
1316800
-4.25
4154.90
1.22
the market and any unfavorable trigger could result into
RBLBANK
3605000
-4.20
541.80
0.28
yet another round of profit booking which may bring
RAMCOCEM
713600
-3.88
722.25
-0.84
Nifty towards support zone of 9650-9700.
ORIENTBANK
14304000
-3.87
127.05
-0.55
ARVIND
5062000
-3.84
388.10
-0.78
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
MUTHOOTFIN
53.36
NIFTY
1.33
1.03
CAPF
45.59
BANKNIFTY
1.02
0.75
AXISBANK
23.76
INFY
0.34
0.42
BOSCHLTD
29.66
RELIANCE
0.78
0.47
JUSTDIAL
53.14
SBIN
0.55
0.41
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Technical & Derivatives Report
September 07, 2017
FII Statistics for September 06, 2017
Turnover on September 06, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
971.51
1734.30
(762.78)
195618
14852.65
8.59
155065
12977.71
7.57
FUTURES
FUTURES
INDEX
INDEX
36651.25
35305.44
1345.81
877251
67365.73
2.29
4839502
441832.91
44.69
OPTIONS
OPTIONS
STOCK
7366.55
6859.31
507.24
770740
54035.31
2.26
STOCK
FUTURES
629420
48523.60
13.84
FUTURES
STOCK
STOCK
4431.60
4425.27
6.32
50349
3701.10
12.24
367982
29180.18
18.67
OPTIONS
OPTIONS
Total
49420.90
48324.32
1096.59
1893958
139954.78
3.14
TOTAL
5991969
532514.39
38.44
Nifty Spot = 9916.20
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9900
134.50
Buy
9900
100.70
53.45
46.55
9953.45
30.55
69.45
9869.45
Sell
10000
81.05
Sell
9800
70.15
Buy
9900
134.50
Buy
9900
100.70
92.15
107.85
9992.15
51.80
148.20
9848.20
Sell
10100
42.35
Sell
9700
48.90
Buy
10000
81.05
Buy
9800
70.15
38.70
61.30
10038.70
21.25
78.75
9778.75
Sell
10100
42.35
Sell
9700
48.90
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 07, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,782
1,794
1,805
1,818
1,829
ADANIPORTS
382
383
386
388
391
AMBUJACEM
277
280
283
286
290
ASIANPAINT
1,190
1,198
1,206
1,214
1,221
AUROPHARMA
730
739
747
755
763
AXISBANK
485
489
495
499
506
BAJAJ-AUTO
2,881
2,901
2,920
2,940
2,959
BANKBARODA
135
137
138
140
141
BPCL
526
531
534
538
542
BHARTIARTL
399
401
403
405
407
INFRATEL
365
368
371
374
377
BOSCHLTD
21,101
21,381
21,781
22,061
22,461
CIPLA
551
555
558
561
564
COALINDIA
248
252
255
259
261
DRREDDY
2,161
2,179
2,194
2,211
2,226
EICHERMOT
31,461
31,772
31,946
32,257
32,432
GAIL
369
376
382
388
394
HCLTECH
831
841
856
867
882
HDFCBANK
1,729
1,744
1,754
1,769
1,778
HDFC
1,739
1,757
1,767
1,785
1,795
HEROMOTOCO
3,907
3,929
3,962
3,984
4,017
HINDALCO
232
239
243
250
254
HINDUNILVR
1,195
1,200
1,206
1,212
1,218
IBULHSGFIN
1,201
1,233
1,253
1,285
1,305
ICICIBANK
294
294
295
296
297
IOC
420
424
430
434
440
INDUSINDBK
1,663
1,674
1,684
1,695
1,705
INFY
885
890
895
901
906
ITC
272
274
277
279
283
KOTAKBANK
967
981
995
1,009
1,023
LT
1,110
1,114
1,120
1,124
1,130
LUPIN
952
962
977
986
1,001
M&M
1,302
1,309
1,317
1,324
1,332
MARUTI
7,706
7,776
7,840
7,910
7,974
NTPC
168
169
170
171
171
ONGC
161
162
163
163
165
POWERGRID
211
213
214
216
218
RELIANCE
1,611
1,628
1,640
1,658
1,670
SBIN
272
273
275
276
278
SUNPHARMA
464
469
478
483
492
TCS
2,435
2,444
2,459
2,469
2,484
TATAMTRDVR
212
213
215
217
219
TATAMOTORS
379
381
384
386
389
TATAPOWER
77
78
78
78
79
TATASTEEL
641
647
652
658
662
TECHM
418
421
424
428
430
ULTRACEMCO
4,042
4,096
4,132
4,187
4,223
VEDANTA
311
315
317
321
323
WIPRO
295
296
297
298
299
YESBANK
1,745
1,769
1,787
1,812
1,830
ZEEL
518
519
520
521
522
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Technical & Derivatives Report
September 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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