Technical & Derivatives Report
March 08, 2017
Sensex (29000) / Nifty (8947)
Exhibit 1: Nifty Daily Chart
A decent intraday rally on Monday was followed by a gap up
opening with a small margin citing favorable global cues.
However, similar to last Thursday, we witnessed a strong selling
pressure right from the opening trade, leading to almost ‘Open
High’ kind of situation for the market. Due to a gradual decline
within a small trading range, the Nifty ended the session tad
below the 8950 mark with a nominal loss.
This has been third unsuccessful attempt in last couple of weeks to
surpass the 9000 mark. However, looking at the overall price
development in last 2 - 3 trading sessions, we expect the Nifty to
move beyond it and even may hit the new high soon. Thus,
traders should continue with a buy on dips strategy and should
stay away from creating fresh short positions in the market. For
the coming session, 8914 - 8860 remains to be a strong support
zone; whereas, 8993 would be seen as immediate hurdle which
we are anticipating to be broken soon.
Key Levels
Support 1 - 8914
Resistance 1 - 8993
Support 2 - 8860
Resistance 2 - 9050
Nifty Bank Outlook - (20628)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued with its range bound movement
and traded in a narrow range of 115 points yesterday. Hence,
there is no change in the chart structure and the near term
positive outlook. We continue to maintain our positive stance on
the index and thus, continue to advise traders to build long
positions rather than anticipating any reversal/correction. We
expect this consolidation phase will get over and the broader
degree uptrend will be resumed soon. The near-term supports for
the Nifty Bank index are placed around 20464 and 20396
whereas resistances are seen around 20905 and 21010.
Key Levels
Support 1 - 20464
Resistance 1 - 20905
Support 2 - 20396
Resistance 2 - 21010
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Technical & Derivatives Report
March 08, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 5.42%
BankNifty futures open interest has decreased by 1.96%
as market closed at 8946.90 levels.
The Nifty March future closed with a premium of 27.20
points against the premium of 15.70 points in last
trading session. The April series closed at a premium of
52.95 points.
The Implied Volatility of at the money options has
increased from 12.61% to 13.12%. At the same time, the
PCR-OI of Nifty has decreased from 0.98 to 0.97 levels.
The total OI of the market is Rs. 2,88,707/- cr. and the
stock futures OI is Rs. 89,211/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, RCOM, JPASSOCIAT,
TATAELXSI and CUMMINSIND.
Views
FIIs were net buyers in both cash market segment and
OI Gainers
index futures. They bought equities to the tune of Rs. 920
OI
PRICE
SCRIP
OI
PRICE
crores. While, in index futures they were marginal buyers
CHG. (%)
CHG. (%)
GAIL
27513000
30.32
517.95
0.36
with good amount of rise in open interest, suggesting
JUSTDIAL
2992800
23.77
582.65
7.86
blend of both long and short formation in previous
trading session.
KSCL
4170000
19.42
525.05
4.64
In index options, FIIs were sellers of Rs. 336 crores with
HINDZINC
8236800
15.63
298.00
-3.23
rise in open interest. Since past few days, we hardly saw
L&TFH
20349000
12.54
120.40
3.48
any strikes adding meaningful build-up in both call and
BHARATFIN
14916000
10.22
820.85
2.10
put options. However, 9100 call and 8600 put options
AMARAJABAT
1777200
10.07
846.10
-0.73
were comparatively active in yesterday’s trading session.
ENGINERSIN
24360000
8.51
145.70
-1.52
Highest open interest in March series is placed at 9000
call and 8800 put option.
OI Losers
Yesterday, our market remained range-bound and
OI
PRICE
SCRIP
OI
PRICE
closed marginally red. FIIs continued their buying streak
CHG. (%)
CHG. (%)
in equities. While, mixed activity was seen in index
TATACHEM
3492000
-8.56
575.80
1.04
futures. Despite, we witnessed some consolidation last
HINDALCO
42245000
-7.47
193.75
-3.17
week; we didn’t observe any relevant profit booking by
TVSMOTOR
6110000
-5.65
425.20
-0.12
stronger hand, suggesting that longs formed in past few
BPCL
16392000
-5.58
647.30
1.15
series are still intact. Thus, looking at the above data, we
SRTRANSFIN
3328800
-5.28
958.05
2.27
continue to remain optimistic on market. Thus, traders
YESBANK
7533400
-5.07
1456.45
-0.62
are suggested to avoid shorting and use declines to add
ONGC
38970000
-5.04
197.45
1.33
on longs.
ICIL
3545500
-4.43
170.65
0.50
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JUSTDIAL
63.47
NIFTY
0.97
0.91
MINDTREE
35.09
BANKNIFTY
0.72
0.82
KSCL
46.19
RELIANCE
0.86
0.50
UPL
28.50
SBIN
0.43
0.38
HINDZINC
39.75
ICICIBANK
0.53
0.38
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Technical & Derivatives Report
March 08, 2017
FII Statistics for March 07, 2017
Turnover on March 07, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1593.30
1527.04
66.26
302326
20806.84
9.87
114666
8320.16
-29.67
FUTURES
FUTURES
INDEX
INDEX
17615.67
17951.87
(336.20)
884783
60294.53
1.48
2043634
157888.41
-27.77
OPTIONS
OPTIONS
STOCK
5480.74
7244.94
(1764.21)
993916
67070.18
0.79
STOCK
FUTURES
492269
35841.81
-1.54
FUTURES
STOCK
STOCK
3138.17
3061.88
76.29
79544
5555.43
5.30
277199
20475.58
-10.11
OPTIONS
OPTIONS
TOTAL
27827.87
29785.73
(1957.86)
2260569
153726.97
2.34
TOTAL
2927768
222525.97
-23.17
Nifty Spot = 8946.90
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9000
106.30
Buy
8900
88.40
41.30
58.70
9041.30
30.40
69.60
8869.60
Sell
9100
65.00
Sell
8800
58.00
Buy
9000
106.30
Buy
8900
88.40
69.50
130.50
9069.50
51.60
148.40
8848.40
Sell
9200
36.80
Sell
8700
36.80
Buy
9100
65.00
Buy
8800
58.00
28.20
71.80
9128.20
21.20
78.80
8778.80
Sell
9200
36.80
Sell
8700
36.80
Note: Above mentioned Bullish or Bearish Spreads in Nifty (March Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
March 08, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,376
1,382
1,388
1,394
1,400
ADANIPORTS
299
304
307
311
314
AMBUJACEM
223
224
225
226
227
ASIANPAINT
1,014
1,019
1,026
1,031
1,038
AUROPHARMA
657
661
666
670
676
AXISBANK
503
507
514
518
524
BAJAJ-AUTO
2,858
2,869
2,881
2,891
2,903
BANKBARODA
159
159
161
162
163
BHEL
156
158
161
163
166
BPCL
635
640
644
650
654
BHARTIARTL
354
357
360
364
366
INFRATEL
305
308
311
314
317
BOSCH
21,155
21,260
21,405
21,510
21,655
CIPLA
583
586
589
591
594
COALINDIA
319
321
323
326
328
DRREDDY
2,829
2,840
2,862
2,874
2,895
EICHERMOT
23,004
23,108
23,203
23,307
23,402
GAIL
517
521
524
528
531
GRASIM
987
997
1,005
1,015
1,023
HCLTECH
848
852
857
862
867
HDFCBANK
1,372
1,379
1,383
1,390
1,395
HDFC
1,356
1,361
1,368
1,372
1,379
HEROMOTOCO
3,262
3,284
3,302
3,324
3,342
HINDALCO
187
190
195
197
202
HINDUNILVR
865
868
872
875
879
ICICIBANK
273
274
277
279
281
IDEA
106
107
109
110
112
INDUSINDBK
1,300
1,315
1,326
1,341
1,352
INFY
1,009
1,014
1,020
1,026
1,031
ITC
260
262
263
266
267
KOTAKBANK
810
814
817
821
824
LT
1,474
1,480
1,486
1,492
1,498
LUPIN
1,419
1,438
1,459
1,478
1,499
M&M
1,302
1,311
1,322
1,330
1,341
MARUTI
5,835
5,862
5,908
5,935
5,981
NTPC
155
156
158
159
161
ONGC
192
194
196
198
199
POWERGRID
192
193
195
196
197
RELIANCE
1,279
1,292
1,309
1,323
1,340
SBIN
264
266
268
270
273
SUNPHARMA
670
675
680
685
690
TCS
2,463
2,482
2,493
2,512
2,523
TATAMTRDVR
277
280
283
286
289
TATAMOTORS
460
464
470
474
480
TATAPOWER
82
83
83
84
84
TATASTEEL
472
477
486
490
499
TECHM
493
497
502
505
511
ULTRACEMCO
3,746
3,766
3,795
3,816
3,845
WIPRO
488
492
496
499
503
YESBANK
1,425
1,437
1,451
1,462
1,477
ZEEL
497
502
507
512
517
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Technical & Derivatives Report
March 08, 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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