Technical & Derivatives Report
June 08, 2017
Sensex (31271) / Nifty (9664)
Exhibit 1: Nifty Daily Chart
Yesterday, we witnessed a flat opening in our market as indicated
by the SGX Nifty early in the morning. Subsequently, index traded
in a small range throughout the session and due to some buying
momentum in late trades, the Nifty closed with marginal gains.
Despite being an event day (RBI monetary policy) our markets did
not have any kind of volatility as the outcome was very much in
line with the consensus. The chart structure remains unchanged
and hence, we reiterate advising booking profits as the index
approaches the resistance zone of 9700-9720 levels. For the
coming session,
9680-9720 would be seen as immediate
hurdles; whereas, 9620-9580 are likely to act a strong support
zone. It would be a prudent strategy to keep focusing on
individual stocks.
Key Levels
Support 1 - 9620
Resistance 1 - 9700
Support 2 - 9580
Resistance 2 - 9720
Nifty Bank Outlook - (23568)
Exhibit 2: Nifty Bank Daily Chart
In yesterday's trading session, the Nifty Bank index added another
0.65 percent gains and ended the session on a positive note.
Since the index traded in a narrow range, there is not change in
the chart structure. There are no signs of reversal on the chart
and thus there is a continuation of the stock specific momentum.
We continue with our advice to trade on stock specific moves as
the index has been trading in a range. The intraday supports for
the Nifty Bank index are placed around 23380 and 23225
whereas resistances are seen around of 23650 and 23740.
Key Levels
Support 1 - 23380
Resistance 1 - 23650
Support 2 - 23225
Resistance 2 - 23740
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Technical & Derivatives Report
June 08, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.03%
BankNifty futures open interest has increased by 0.21%
as market closed at 9663.90 levels.
The Nifty June future closed with a premium of 16.00
points against the premium of 28.60 points in last
trading session. The July series closed at a premium of
35.50 point.
The Implied Volatility of at the money options has
increased from 8.72% to 8.75%. At the same time, the
PCR-OI of Nifty has increased from 1.19 to 1.20 levels.
Few of the liquid counters where we have seen high cost
of carry are RCOM, DLF, IBULHSGFIN, JPASSOCIAT and
MRPL.
Views
FIIs activity in cash market segment remained muted.
While, in index futures they were net sellers to the tune of
OI Gainers
Rs. 106 crores with good amount of rise in open interest,
OI
PRICE
indicating formation of both long and short positions in
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
previous trading session.
CANFINHOME
460250
18.70
2908.25
5.14
In index options front, they were net buyers of Rs. 398
INDIANB
3244000
15.69
314.10
1.10
crores with rise in open interest. In Nifty option,
CADILAHC
3033600
13.53
536.90
9.15
we hardly saw any meaningful activity in call option.
HEXAWARE
3150000
10.53
245.45
-5.63
However, we witnessed highest open interest addition in
PCJEWELLER
1776000
9.43
528.20
0.31
9600 put options followed by some build-up in 9400
GODREJCP
708000
8.66
1861.75
1.88
and 9700 puts. Maximum open interest concentration in
ORIENTBANK
17088000
8.29
157.10
4.37
June series is now placed at 9700 call and 9500 put
ESCORTS
2960100
8.20
752.40
0.26
option.
Nifty June future closed with a premium of 16 points
OI Losers
against the discount of 0.90 points during last week
OI
PRICE
(Friday), suggesting some buying interest emerging in the
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
benchmark index this week. In yesterday’s session, FIIs
KSCL
3544500
-8.41
641.15
-1.52
activity remained subdued in F&O space. However, longs
IBREALEST
27200000
-6.98
171.25
4.03
formed in Index Futures since last series are still in
RELCAPITAL
11139000
-6.93
584.85
4.01
system. Considering above data points, we don’t see any
HAVELLS
3748000
-5.83
506.85
1.14
signs of reversal yet. Thus, we would suggest traders to
GODREJIND
1842000
-5.54
607.45
1.09
focus on individual stocks with a positive bias in order to
DIVISLAB
9313600
-5.07
645.80
2.35
fetch higher returns.
KPIT
6088000
-4.46
111.40
3.05
BALKRISIND
404000
-4.36
1570.15
-1.20
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CADILAHC
60.92
NIFTY
1.20
1.08
HEXAWARE
50.45
BANKNIFTY
1.35
0.94
COLPAL
31.17
SUNPHARMA
0.38
0.27
TCS
31.93
RELIANCE
0.57
0.46
CANFINHOME
48.17
SBIN
0.65
0.45
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Technical & Derivatives Report
June 08, 2017
FII Statistics for June 07, 2017
Turnover on June 07, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1199.74
1305.96
(106.22)
287389
21596.45
3.75
147050
11989.29
23.65
FUTURES
FUTURES
INDEX
INDEX
35448.03
35049.89
398.14
849749
63056.67
1.37
4117108
361695.08
94.55
OPTIONS
OPTIONS
STOCK
7230.38
7249.16
(18.78)
1101396
72944.00
0.11
STOCK
FUTURES
585743
41598.51
-2.16
FUTURES
STOCK
STOCK
4776.36
4786.00
(9.64)
91007
6416.08
5.35
363236
26387.11
7.95
OPTIONS
OPTIONS
TOTAL
48654.51
48391.01
263.50
2329541
164013.20
1.20
TOTAL
5213137
441669.98
68.21
Nifty Spot = 9663.90
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9700
74.25
Buy
9600
58.10
40.05
59.95
9740.05
22.35
77.65
9577.65
Sell
9800
34.20
Sell
9500
35.75
Buy
9700
74.25
Buy
9600
58.10
60.65
139.35
9760.65
35.50
164.50
9564.50
Sell
9900
13.60
Sell
9400
22.60
Buy
9800
34.20
Buy
9500
35.75
20.60
79.40
9820.60
13.15
86.85
9486.85
Sell
9900
13.60
Sell
9400
22.60
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
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Technical & Derivatives Report
June 08, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,593
1,607
1,613
1,627
1,633
ADANIPORTS
354
357
360
363
367
AMBUJACEM
233
235
236
238
240
ASIANPAINT
1,138
1,151
1,160
1,173
1,182
AUROPHARMA
574
587
593
606
612
AXISBANK
505
510
513
517
520
BAJAJ-AUTO
2,831
2,855
2,877
2,901
2,922
BANKBARODA
173
175
176
178
179
BPCL
702
710
718
726
735
BHARTIARTL
369
370
373
375
377
INFRATEL
374
378
383
387
392
BOSCHLTD
23,561
23,706
23,844
23,989
24,127
CIPLA
525
533
538
546
551
COALINDIA
261
263
264
265
266
DRREDDY
2,493
2,519
2,542
2,567
2,590
EICHERMOT
28,948
29,280
29,528
29,859
30,107
GAIL
394
398
403
407
413
HCLTECH
849
865
880
895
910
HDFCBANK
1,625
1,633
1,639
1,648
1,654
HDFC
1,580
1,590
1,601
1,611
1,622
HEROMOTOCO
3,782
3,813
3,834
3,865
3,887
HINDALCO
194
195
197
198
200
HINDUNILVR
1,081
1,094
1,104
1,116
1,127
IBULHSGFIN
1,115
1,130
1,139
1,155
1,163
ICICIBANK
319
322
324
327
329
IOC
419
422
426
429
433
INDUSINDBK
1,495
1,508
1,514
1,527
1,533
INFY
921
940
964
984
1,008
ITC
308
310
312
314
317
KOTAKBANK
962
965
968
971
974
LT
1,763
1,775
1,785
1,797
1,806
LUPIN
1,133
1,142
1,154
1,163
1,175
M&M
1,394
1,412
1,432
1,450
1,469
MARUTI
7,059
7,129
7,177
7,246
7,294
NTPC
156
157
158
159
159
ONGC
170
171
173
174
175
POWERGRID
201
203
204
206
208
RELIANCE
1,297
1,319
1,330
1,352
1,363
SBIN
286
288
290
293
294
SUNPHARMA
500
506
511
517
522
TCS
2,507
2,561
2,631
2,685
2,754
TATAMTRDVR
275
278
280
283
285
TATAMOTORS
448
454
459
464
469
TATAPOWER
79
79
80
80
81
TATASTEEL
483
487
491
494
498
TECHM
384
392
401
409
418
ULTRACEMCO
4,074
4,107
4,135
4,168
4,196
VEDANTA
230
231
234
235
238
WIPRO
522
536
549
562
575
YESBANK
1,459
1,477
1,498
1,516
1,537
ZEEL
510
515
519
523
528
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Technical & Derivatives Report
June 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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