Technical & Derivatives Report
August 08, 2017
Sensex (32274) / Nifty (10057)
Exhibit 1: Nifty Daily Chart
Despite favorable cues from the global bourses, our markets
opened on a muted note and then consolidated for the
remaining part of the day. The Nifty oscillated within a very
small range of 42 points; whereas, the broader market
participation was immense throughout the day.
Yesterday’s lackluster movement was no surprise to us as we
have been mentioning the possibility of some consolidation in
our benchmark index since last 3 - 4 days. Now, since there is
no change in the chart structure, our view remains the same.
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. Within this range, intraday support and
resistance is seen at 10020 and 10090, respectively.
Key Levels
Support 1 - 10020
Resistance 1 - 10090
Support 2 - 9944
Resistance 2 - 10150
Nifty Bank Outlook - (24906)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened marginally positive yesterday but
traded in a narrow range of 135 points throughout the
session. This range bound move is much on expected lines as
there is a higher probability of a consolidation phase in the
index. The resistance end of the range is seen in the range of
25000-25200. Hence, we continue with our advice that short-
term traders should focus on stock specific moves meanwhile.
The intraday supports for the Nifty Bank index are placed
around 24775 and 24690 whereas resistance is seen in the
range of 25000-25200.
Key Levels
Support 1 - 24775
Resistance 1 - 25000
Support 2 - 24690
Resistance 2 - 25200
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Technical & Derivatives Report
August 08, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.12%
BankNifty futures open interest has increased by 2.10%
as market closed at 10057.40 levels.
The Nifty August future closed with a premium of 34.35
points against the premium of 42.15 points in last
trading session. The September series closed at a
premium of 70.60 points.
The Implied Volatility of at the money options has
decreased from 9.55 to 9.82. At the same time, the PCR-
OI of Nifty has decreased from 1.27 levels to 1.25.
Few of the liquid counters where we have seen high cost
of carry are HDIL, SUZLON, INFIBEAM, GMRINFRA and
IDBI.
Views
FIIs were net sellers in both cash market segment and
index futures. They sold equities to the tune of Rs.199
OI Gainers
crores. While, in index futures they sold of worth Rs. 773
OI
PRICE
crores with rise in open interest, indicating fresh short
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
formation in yesterday’s trading session.
REPCOHOME
670600
75.78
704.65
-8.53
In index options segment, they were net buyers of
APOLLOTYRE
14634000
33.10
287.00
9.27
Rs. 109 crores with rise in open interest. In call option,
BRITANNIA
421200
30.32
4134.20
5.27
10100-10200 strikes added decent amount of fresh
ARVIND
7066000
22.50
391.30
6.74
positions. On the flip side, we hardly witnessed any
INFRATEL
10718500
13.50
398.70
-2.21
meaningful activity in put options. However, minor OI
MANAPPURAM
29280000
13.41
106.80
3.14
addition was seen in 9700 and 10100 puts. Maximum
SUNTV
7628000
12.11
758.95
-3.94
open interest in current series has shifted lower to 10200
SREINFRA
9450000
9.76
120.80
0.42
from 10500 call and of put option remains intact in
10000 strike.
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
CHOLAFIN
350000
-13.47
1207.30
1.87
Ratio’ dropped to 63% from 84%. However, they still
PCJEWELLER
5385000
-10.61
272.25
4.33
hold long position in index futures formed in the rally
PIDILITIND
1116000
-8.97
809.55
0.57
seen from January 2017. At current juncture, 9950 is an
HDIL
36352000
-7.36
70.10
-7.94
immediate support and 10150-10200 is an important
DALMIABHA
746100
-6.71
2670.00
3.56
hurdle for Nifty. Hence, until we don’t see index
BATAINDIA
3462800
-6.59
642.50
1.42
surpassing either of the above levels, traders are advised
M&MFIN
8737500
-5.95
425.20
0.13
to remain light in index and prefer stock specific
CEATLTD
1743700
-5.79
1820.50
4.37
approach.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HDIL
68.20
NIFTY
1.25
1.09
SUZLON
41.00
BANKNIFTY
1.02
1.05
INFIBEAM
59.06
RELIANCE
0.63
0.57
GMRINFRA
53.39
ITC
0.32
0.25
IDBI
40.44
SBIN
0.67
0.61
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Technical & Derivatives Report
August 08, 2017
FII Statistics for August 07, 2017
Turnover on August 07, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
523.55
1296.33
(772.78)
266722
20559.97
1.47
94604
8192.16
-49.44
FUTURES
FUTURES
INDEX
INDEX
25230.01
25120.60
109.41
958737
74168.95
2.46
2342093
212873.20
-38.02
OPTIONS
OPTIONS
STOCK
6248.73
6625.05
(376.32)
801647
56816.96
0.12
STOCK
FUTURES
579528
44939.36
-15.15
FUTURES
STOCK
STOCK
5777.89
5671.42
106.48
100271
7531.32
9.69
392795
32096.35
-8.94
OPTIONS
OPTIONS
Total
37780.18
38713.40
(933.22)
2127377
159077.20
1.75
TOTAL
3409020
298101.06
-33.44
Nifty Spot = 10057.40
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10100
99.10
Buy
10000
68.35
42.90
57.10
10142.90
24.70
75.30
9975.30
Sell
10200
56.20
Sell
9900
43.65
Buy
10100
99.10
Buy
10000
68.35
70.55
129.45
10170.55
39.90
160.10
9960.10
Sell
10300
28.55
Sell
9800
28.45
Buy
10200
56.20
Buy
9900
43.65
27.65
72.35
10227.65
15.20
84.80
9884.80
Sell
10300
28.55
Sell
9800
28.45
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 08, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,781
1,799
1,813
1,831
1,845
ADANIPORTS
402
408
415
421
428
AMBUJACEM
269
274
278
283
287
ASIANPAINT
1,133
1,141
1,151
1,159
1,169
AUROPHARMA
714
719
727
732
740
AXISBANK
500
503
507
510
515
BAJAJ-AUTO
2,852
2,871
2,887
2,906
2,922
BANKBARODA
158
159
160
161
162
BPCL
509
519
524
533
538
BHARTIARTL
413
415
419
421
425
INFRATEL
388
393
401
406
414
BOSCHLTD
24,064
24,209
24,446
24,591
24,829
CIPLA
545
556
564
574
582
COALINDIA
247
249
251
254
256
DRREDDY
2,164
2,186
2,221
2,243
2,278
EICHERMOT
31,398
31,684
31,937
32,223
32,477
GAIL
376
379
382
385
388
HCLTECH
874
880
887
893
901
HDFCBANK
1,779
1,784
1,790
1,795
1,801
HDFC
1,700
1,713
1,733
1,746
1,766
HEROMOTOCO
3,875
3,914
3,966
4,005
4,058
HINDALCO
222
225
227
230
231
HINDUNILVR
1,162
1,174
1,184
1,196
1,205
IBULHSGFIN
1,183
1,191
1,204
1,212
1,225
ICICIBANK
294
297
300
303
306
IOC
407
419
426
438
445
INDUSINDBK
1,631
1,641
1,658
1,667
1,684
INFY
955
961
973
979
991
ITC
277
279
281
282
284
KOTAKBANK
990
994
998
1,002
1,006
LT
1,166
1,173
1,179
1,186
1,191
LUPIN
966
976
990
999
1,013
M&M
1,360
1,380
1,405
1,426
1,450
MARUTI
7,713
7,776
7,834
7,897
7,955
NTPC
170
172
176
178
181
ONGC
164
165
166
167
168
POWERGRID
222
224
225
227
228
RELIANCE
1,601
1,609
1,620
1,628
1,639
SBIN
303
307
309
314
316
SUNPHARMA
499
502
508
511
517
TCS
2,463
2,483
2,502
2,522
2,540
TATAMTRDVR
244
247
252
255
260
TATAMOTORS
417
424
432
438
446
TATAPOWER
79
80
80
81
81
TATASTEEL
578
589
595
606
613
TECHM
398
402
408
413
419
ULTRACEMCO
3,997
4,023
4,069
4,096
4,141
VEDANTA
282
285
289
292
295
WIPRO
285
287
288
289
291
YESBANK
1,780
1,790
1,804
1,813
1,827
ZEEL
537
539
542
544
547
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Technical & Derivatives Report
August 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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