Technical & Derivatives Report
September 08, 2017
Sensex (31663) / Nifty (9930)
Exhibit 1: Nifty Daily Chart
Yesterday, the Nifty index witnessed a gap up opening as
indicated by the SGX Nifty. However, lack of follow up buying
at the resistance zone pulled the index below the opening
levels forming a small body candle.
Technically, not much has changed as prices remained
trapped within 9850 - 10000 range and has now ended near
the midpoint of the range with the momentum oscillator RSI
flattened near 60 levels. Going ahead, tracking hourly charts,
we are witnessing that the Bollinger band has squeezed a lot
which gives a higher probability of a breakout from the range
in near term. A close above 10000 levels could catalyze
renewed buying interest retesting all-time highs whereas a
break below 9850 may drag Index towards next support level
of 9680. We still believe that one should avoid focusing on
the index at this moment and should continue focusing on
individual stocks.
Key Levels
Support 1 - 9882
Resistance 1 - 9963
Support 2 - 9861
Resistance 2 - 9988
Nifty Bank Outlook - (24305)
Exhibit 2: Nifty Bank Hourly Chart
The Nifty Bank index continued to trade in a narrow range in
yesterday's session too. The index traded in a range of 166
points and ended the session with negligible gains. 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 08, 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
FIIs continue their selling streak in cash market segment,
they sold equities to the tune of Rs. 564 crores. While in
OI Gainers
index futures they were net sellers of Rs. 107 crores with
OI
PRICE
decent rise in open interest, indicating formation of short
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
positions in previous trading session.
CADILAHC
2963200
30.98
513.80
3.41
In index options front, they bought of worth Rs.
1517
VGUARD
2886000
28.78
201.90
5.24
crores with rise in open interest. In call option, except for
EQUITAS
12944000
18.31
173.90
-3.60
some build-up in 10000 strike, we hardly witnessed any
NATIONALUM
13856000
17.03
83.40
12.25
meaningful open interest addition in call options. On the
PCJEWELLER
8661000
14.20
360.70
-0.47
flip side, 9700-9900 put options added good amount of
ARVIND
5754000
13.67
399.35
2.90
positions and we believe stronger hands have bought
TATAELXSI
1130000
13.41
1803.45
2.84
these put strikes. While, maximum open interest
RAYMOND
2713600
11.47
898.10
4.23
concentration remains intact in 9700 call and 10000 put
options.
OI Losers
FIIs continue curbing liquidity in current series as well.
OI
PRICE
While, in F&O segment too they have been forming
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
shorts in index futures along with long formation in index
JUSTDIAL
4981200
-10.58
388.80
-2.26
put options. As a result, ‘Long Short Ratio’ of FIIs index
GODREJCP
1908000
-7.77
925.75
2.20
futures has plunged from
71% to
64%. At current
RAMCOCEM
658400
-7.74
731.15
1.23
juncture, 10000-10050 is a strong hurdle for Nifty.
APOLLOHOSP
1329000
-7.55
1105.05
1.07
Taking into consideration the overall activity, we believe
TORNTPHARM
210000
-6.58
1219.50
1.19
there is limited steam left in the market and any
OIL
2465408
-5.14
302.20
-1.02
unfavorable trigger could result into yet another round of
MCX
1138000
-5.05
1116.65
2.13
profit booking which may bring Nifty towards support
EXIDEIND
13224000
-4.64
208.05
-0.07
zone of 9650-9700.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TATACHEM
35.70
NIFTY
1.35
1.24
NATIONALUM
72.26
BANKNIFTY
1.00
0.96
SREINFRA
62.05
RELIANCE
0.76
0.49
IBULHSGFIN
35.14
INFY
0.33
0.35
BAJFINANCE
49.16
SBIN
0.53
0.43
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Technical & Derivatives Report
September 08, 2017
FII Statistics for September 07, 2017
Turnover on September 07, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
918.01
1025.13
(107.12)
200314
15246.06
2.40
124212
10560.07
-18.63
FUTURES
FUTURES
INDEX
INDEX
37881.05
36363.62
1517.43
893632
68493.34
1.87
8144644
769197.97
74.09
OPTIONS
OPTIONS
STOCK
5871.84
6146.43
(274.59)
777923
54809.52
0.93
STOCK
FUTURES
605311
47462.25
-2.19
FUTURES
STOCK
STOCK
4308.99
4282.41
26.58
58089
4256.32
15.37
339530
27713.28
-5.03
OPTIONS
OPTIONS
Total
48979.89
47817.58
1162.31
1929958
142805.25
1.90
TOTAL
9213697
854933.58
60.55
Nifty Spot = 9929.90
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10000
85.40
Buy
9900
88.40
41.35
58.65
10041.35
27.60
72.40
9872.40
Sell
10100
44.05
Sell
9800
60.80
Buy
10000
85.40
Buy
9900
88.40
64.65
135.35
10064.65
46.60
153.40
9853.40
Sell
10200
20.75
Sell
9700
41.80
Buy
10100
44.05
Buy
9800
60.80
23.30
76.70
10123.30
19.00
81.00
9781.00
Sell
10200
20.75
Sell
9700
41.80
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 08, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,764
1,775
1,794
1,806
1,825
ADANIPORTS
383
385
388
391
393
AMBUJACEM
277
279
282
284
287
ASIANPAINT
1,179
1,189
1,204
1,214
1,229
AUROPHARMA
709
725
742
758
775
AXISBANK
492
494
497
499
502
BAJAJ-AUTO
2,872
2,919
2,948
2,995
3,024
BANKBARODA
137
138
140
141
142
BPCL
511
518
528
535
545
BHARTIARTL
388
392
400
405
412
INFRATEL
365
368
371
373
376
BOSCHLTD
21,403
21,754
21,951
22,303
22,500
CIPLA
546
550
556
560
565
COALINDIA
247
250
255
258
262
DRREDDY
2,186
2,206
2,220
2,240
2,254
EICHERMOT
31,803
32,332
32,831
33,360
33,858
GAIL
377
379
383
385
388
HCLTECH
846
852
858
865
871
HDFCBANK
1,751
1,759
1,768
1,776
1,784
HDFC
1,736
1,759
1,775
1,797
1,813
HEROMOTOCO
3,923
3,953
3,983
4,013
4,042
HINDALCO
243
247
249
252
255
HINDUNILVR
1,193
1,201
1,211
1,219
1,229
IBULHSGFIN
1,270
1,293
1,306
1,330
1,343
ICICIBANK
288
290
294
297
301
IOC
423
427
431
436
440
INDUSINDBK
1,675
1,689
1,702
1,717
1,730
INFY
888
892
896
900
904
ITC
265
267
273
275
281
KOTAKBANK
979
986
995
1,003
1,012
LT
1,113
1,121
1,126
1,134
1,139
LUPIN
966
972
977
983
988
M&M
1,310
1,325
1,334
1,349
1,358
MARUTI
7,818
7,869
7,909
7,959
7,999
NTPC
167
168
170
171
172
ONGC
161
162
162
163
164
POWERGRID
213
214
215
217
218
RELIANCE
804
811
822
829
839
SBIN
271
273
275
276
279
SUNPHARMA
470
475
479
485
489
TCS
2,443
2,451
2,460
2,469
2,477
TATAMTRDVR
206
209
212
215
218
TATAMOTORS
371
375
380
383
388
TATAPOWER
76
77
78
78
79
TATASTEEL
647
650
653
656
660
TECHM
420
423
426
430
433
ULTRACEMCO
4,053
4,085
4,132
4,164
4,212
VEDANTA
315
321
325
330
334
WIPRO
296
298
299
300
301
YESBANK
1,777
1,789
1,804
1,815
1,830
ZEEL
516
519
522
524
527
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Technical & Derivatives Report
September 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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