Technical & Derivatives Report
May 09, 2017
Sensex (29926) / Nifty (9314.05)
Exhibit 1: Nifty Daily Chart
Trading for the week began on a cheerful note owing to positive
global cues. Subsequently, we witnessed a range bound action
within a thin band of merely 40 points throughout the session.
Eventually, the index managed to close convincingly above the
9300 mark by adding 0.31% to its previous close. From the Nifty
basket, the day clearly belongs to couple of cements giants, the
‘Ambuja’ and ‘ACC’, as we witnessed a soaring move on the
back of their merger news.
Yesterday’s bounce back was on the cards as the index closed tad
above the strong support zone of hourly ’89 EMA’ on Friday. Due
to this uptick, the support level of 9270 has earned tremendous
respect from the market participants and hence, we would
continue to see this positive bias within the recent consolidation
phase. For the coming trading session, a support level stands at
9270; whereas, we expect bullish momentum to push the Nifty
gradually towards the 9400 mark. For directional traders, our
view towards the next milestone of 9600 remains intact and
hence, any decline should be considered as a potential buying
opportunity.
Key Levels
Support 1 - 9270
Resistance 1 - 9367
Support 2 - 9210
Resistance 2 - 9400
Nifty Bank Outlook - (22767)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened on a positive note and traded in a
narrow range yesterday. The index ended the session with gains
of 0.70 percent over its previous session's close.
Inspite of the profit booking seen in the stocks within the banking
sector on Friday, the price pulled back higher in yesterday’s
trading session. So far, there are no signs of trend reversal on the
charts and hence, the trend continues to be positive. Traders are
advised to focus on stock-specific moves and trade with proper
risk management. The index heavyweights are continuing to show
strength, which could lead index higher upto 22930-22980 in
near term. The intraday supports for the Nifty Bank index are
placed around 22514 and 22450 whereas resistances are seen
around 22930 and 22980.
Key Levels
Support 1 - 22514
Resistance 1 - 22930
Support 2 - 22450
Resistance 2 - 22980
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May 09, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.14%
BankNifty futures open interest has increased by 4.26%
as market closed at 9314.05 levels.
The Nifty May future closed with a premium of 29.55
points against the premium of 31.40 points in last
trading session. The June series closed at a premium of
27.60 points.
The Implied Volatility of at the money options has
decreased from 10.51% to 10.41%. At the same time,
the PCR-OI of Nifty has increased from 1.11 to 1.12
levels.
The total OI of the market is Rs. 3,00,228/- cr. and the
stock futures OI is Rs. 1,00,906/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, SOUTHBANK, IFCI, IBREALEST
and GSFC.
Views
OI Gainers
Yesterday, FIIs were net sellers in both cash market
OI
PRICE
SCRIP
OI
PRICE
segment and index futures. They sold equities worth Rs.
CHG. (%)
CHG. (%)
542 crores. While, they were net sellers in index futures
MRPL
3303000
44.49
136.05
6.71
worth Rs. 238 crores with rise in open interest; indicating
NIITTECH
870000
31.22
491.70
4.12
some short formation in previous trading session.
CANBK
15857928
14.29
391.35
1.36
In index options, FIIs bought worth Rs. 494 crores with
BALRAMCHIN
6142500
13.59
158.50
-0.44
good amount of rise in open interest. As far as Nifty’s
INFIBEAM
1221200
13.58
981.95
-1.86
options activity is concerned, some build-up was seen in
BALKRISIND
173600
12.73
1555.05
2.18
9400-9500 call options. On the other hand, 9300 and
LICHSGFIN
5205200
11.52
707.50
-1.95
9400 put options added decent amount of positions. The
INDIANB
2578000
11.51
355.30
5.27
highest open interest in current series remains at 9400
call and 9300 put options.
OI Losers
Yesterday, the benchmark index (Nifty) bounced back
OI
PRICE
SCRIP
OI
PRICE
from the support zone of 9250-9300 and also added
CHG. (%)
CHG. (%)
some fresh positions. In addition, good amount of long
IRB
20245000
-10.75
256.55
-0.35
formation was seen in BankNifty and some PSU banking
IDEA
71666000
-7.96
88.00
7.25
counters. FIIs formed some shorts in Index Futures, but
CUMMINSIND
613800
-7.25
1054.10
1.53
the quantum was marginal. However, they bought good
TORNTPOWER
3669000
-6.28
225.15
2.62
amount of call options in Index and also covered their
ALBK
17020000
-5.81
86.70
2.12
shorts in Stock Futures, this is certainly a positive
KTKBANK
32812500
-5.50
166.85
-0.65
indication. Thus, we remain optimistic on market and
ULTRACEMCO
1590400
-5.19
4421.30
2.07
would suggest traders avoiding any shorts in Index.
JSWENERGY
53312500
-4.64
67.00
3.63
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
AMBUJACEM
34.81
NIFTY
1.12
1.09
EICHERMOT
27.84
BANKNIFTY
1.27
0.88
AJANTPHARM
28.37
RELIANCE
0.37
0.36
IDEA
50.72
ICICIBANK
0.80
0.51
CESC
30.71
SBIN
0.66
0.57
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Technical & Derivatives Report
May 09, 2017
FII Statistics for May 08, 2017
Turnover on May 08, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
851.18
1088.86
(237.68)
211644
15420.45
0.89
130211
10189.53
-40.42
FUTURES
FUTURES
INDEX
INDEX
26526.45
26032.46
493.99
836347
59603.24
3.24
2638999
218557.76
-21.66
OPTIONS
OPTIONS
STOCK
7547.88
6866.16
681.72
1043263
69445.48
(0.50)
STOCK
FUTURES
581087
43690.65
-32.04
FUTURES
STOCK
STOCK
5026.06
5015.06
11.00
66501
4746.64
17.40
367461
28572.23
-30.13
OPTIONS
OPTIONS
TOTAL
39951.57
39002.53
949.04
2157755
149215.80
1.54
TOTAL
3717758
301010.17
-24.99
Nifty Spot = 9314.05
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9300
105.75
Buy
9400
110.35
53.80
46.20
9353.80
43.70
56.30
9356.30
Sell
9400
51.95
Sell
9300
66.65
Buy
9300
105.75
Buy
9400
110.35
84.95
115.05
9384.95
71.45
128.55
9328.55
Sell
9500
20.80
Sell
9200
38.90
Buy
9400
51.95
Buy
9300
66.65
31.15
68.85
9431.15
27.75
72.25
9272.25
Sell
9500
20.80
Sell
9200
38.90
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
May 09, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,646
1,679
1,718
1,750
1,789
ADANIPORTS
333
337
342
345
350
AMBUJACEM
250
256
263
268
276
ASIANPAINT
1,132
1,150
1,161
1,179
1,191
AUROPHARMA
584
594
601
611
617
AXISBANK
499
505
509
516
520
BAJAJ-AUTO
2,815
2,836
2,872
2,893
2,930
BANKBARODA
182
186
189
192
195
BPCL
699
707
718
727
738
BHARTIARTL
339
345
350
356
361
INFRATEL
358
361
366
369
374
BOSCHLTD
23,030
23,211
23,472
23,653
23,914
CIPLA
543
547
551
555
559
COALINDIA
277
278
279
281
282
DRREDDY
2,578
2,589
2,600
2,611
2,622
EICHERMOT
25,890
26,405
26,685
27,200
27,480
GAIL
411
414
418
422
426
GRASIM
1,168
1,176
1,190
1,198
1,211
HCLTECH
818
829
837
848
856
HDFCBANK
1,523
1,529
1,534
1,540
1,546
HDFC
1,513
1,521
1,535
1,543
1,557
HEROMOTOCO
3,350
3,375
3,394
3,420
3,438
HINDALCO
178
181
185
188
191
HINDUNILVR
940
947
954
961
968
IBULHSGFIN
1,087
1,103
1,119
1,136
1,151
ICICIBANK
296
299
304
307
312
IOC
420
424
431
436
443
INDUSINDBK
1,387
1,406
1,420
1,439
1,453
INFY
925
935
942
952
959
ITC
269
271
275
277
281
KOTAKBANK
896
902
906
912
916
LT
1,684
1,697
1,718
1,731
1,752
LUPIN
1,234
1,257
1,271
1,294
1,308
M&M
1,298
1,316
1,331
1,348
1,363
MARUTI
6,558
6,594
6,649
6,685
6,740
NTPC
159
160
160
162
162
ONGC
182
184
186
188
190
POWERGRID
205
208
209
211
213
RELIANCE
1,305
1,313
1,326
1,334
1,348
SBIN
291
295
298
302
305
SUNPHARMA
621
629
635
642
648
TCS
2,306
2,324
2,336
2,354
2,366
TATAMTRDVR
256
258
261
264
266
TATAMOTORS
411
417
423
428
434
TATAPOWER
82
83
83
84
84
TATASTEEL
424
428
432
436
440
TECHM
408
414
419
425
430
ULTRACEMCO
4,291
4,359
4,404
4,472
4,517
WIPRO
493
498
501
506
509
YESBANK
1,595
1,605
1,620
1,630
1,644
ZEEL
494
498
504
508
514
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Technical & Derivatives Report
May 09, 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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