Technical & Derivatives Report
May 10, 2017
Sensex (29933) / Nifty (9317)
Exhibit 1: Nifty Daily Chart
It was yet another day of consolidation for our markets; in fact,
yesterday’s price range was thinner than the previous one. This
lackluster move was very much in-line with global bourses and
hence, the index eventually ended the session tad above the
previous close.
Now, if we look at the hourly chart, we can clearly see that
Monday’s high of 9338.70 precisely acted as a stiff hurdle as the
Nifty came off a bit after posting a high of 9338.95 in initial
trades. However, once again, the buying interest seen in the
broader market was quite remarkable and we expect it to
continue in forthcoming sessions as well. At current juncture, we
do not see any trading opportunity in index for momentum
traders, however, traders with a directional mindset, can still look
to trade on the positive side. The support for the index remains at
9270 (89-EMA level on the hourly chart), which we believe would
provide a rock solid support in the near term. On the flipside, we
continue to see this uptrend getting extended gradually towards
the 9400 mark. For positional traders, our view towards the next
milestone of 9600 is unchanged 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 - (22707)
Exhibit 2: Nifty Bank Daily Chart
In yesterday's trading session too, the Nifty Bank index traded in a
narrow range and the index ended the session with a minor loss
of 0.26 percent over its previous session's close.
The stock-specific momentum continued in the banking sector
stock while the index traded in a narrow range. The PSU Banks
witnessed some profit booking as the Nifty Bank index posted a
loss of 1.28 percent yesterday. However, the private sector banks,
which constitutes majority of the Nifty Bank index, has not shown
any signs of weakness and hence, we continue with our optimistic
view on the index. Traders are advised to trade with positive bias
and should not pre-empt any reversal. 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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Technical & Derivatives Report
May 10, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.76%
BankNifty futures open interest has decreased by 1.34%
as market closed at 9316.85 levels.
The Nifty May future closed with a premium of 33.55
points against the premium of 29.55 points in last
trading session. The June series closed at a premium of
32.45 points.
The Implied Volatility of at the money options has
decreased from 10.41% to 10.15%. At the same time,
the PCR-OI of Nifty has increased from 1.12 to 1.14
levels.
The total OI of the market is Rs. 3,07,837/- cr. and the
stock futures OI is Rs. 1,02,229/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, GSFC, JSWENERGY, PEL and
SRF.
Views
OI Gainers
OI
PRICE
Yesterday, FIIs were net buyers in equity cash segment
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
worth Rs. 333 crores. While, they were net sellers in
GODREJCP
621600
61.71
1927.70
9.37
index futures to the tune of Rs 1083 crores with decent
BALRAMCHIN
8169000
32.99
160.60
1.32
rise in open interest, indicating formation of fresh shorts
JSWENERGY
66920500
25.52
69.35
3.51
in previous trading session.
CHOLAFIN
163000
19.85
1082.05
-1.32
In index options, FIIs bought worth Rs. 88 crores with
INDIGO
1916400
19.76
1146.35
1.93
some rise in open interest. As far as Nifty’s options
LICHSGFIN
6121500
17.60
686.35
-2.99
activity is concerned, except fresh formation in 9300 and
HDIL
34920000
16.93
97.50
4.61
9200 put options, we hardly witnessed any meaningful
SYNDIBANK
24228000
13.97
92.00
0.71
activity in other strikes. The highest open interest in
current series remains at
9400 call and 9300 put
options.
OI Losers
Our market continued its consolidation for yet another
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
day. Yesterday was the narrowest trading range of Nifty
NIITTECH
715500
-17.76
496.95
1.07
in May series. Despite the lackluster move, FIIs formed
HEXAWARE
2502000
-9.35
250.95
-0.02
some shorts in Index Futures. Going forward, their
ADANIENT
27008000
-6.56
118.05
2.70
follow-up activity will dictate the further roadmap for our
ESCORTS
1190200
-6.48
601.80
-0.40
market. At current juncture, traders shouldn’t pre-empt
MUTHOOTFIN
1684500
-5.39
396.80
0.37
any ‘Topping out’ formation till Nifty holds its strong
UBL
791000
-5.28
798.05
1.49
support of 9200 - 9250. On the flipside, resistance for
the index is placed around the 9500 mark.
DALMIABHA
1002600
-5.19
2411.20
2.77
MRPL
3150000
-4.63
133.85
-1.62
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CGPOWER
46.89
NIFTY
1.14
1.09
SIEMENS
39.03
BANKNIFTY
1.12
0.90
GODREJCP
54.56
RELIANCE
0.36
0.31
HEROMOTOCO
24.33
ICICIBANK
0.76
0.57
CAPF
38.28
SBIN
0.64
0.66
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Technical & Derivatives Report
May 10, 2017
FII Statistics for May 09, 2017
Turnover on May 09, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
813.94
1897.36
(1083.42)
221506
16162.98
4.66
123408
9683.56
-4.97
FUTURES
FUTURES
INDEX
INDEX
24704.46
24792.01
(87.55)
855967
60975.93
2.35
2926464
244145.72
11.71
OPTIONS
OPTIONS
STOCK
9469.14
10063.04
(593.90)
1046357
69788.49
0.30
STOCK
FUTURES
644598
48239.23
10.41
FUTURES
STOCK
STOCK
4880.58
4843.96
36.61
73680
5245.70
10.80
365456
28569.21
-0.01
OPTIONS
OPTIONS
TOTAL
39868.11
41596.37
(1728.26)
2197510
152173.11
1.84
TOTAL
4059926
330637.72
9.84
Nifty Spot = 9316.85
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9300
105.05
Buy
9400
101.45
54.85
45.15
9354.85
42.35
57.65
9357.65
Sell
9400
50.20
Sell
9300
59.10
Buy
9300
105.05
Buy
9400
101.45
85.70
114.30
9385.70
68.15
131.85
9331.85
Sell
9500
19.35
Sell
9200
33.30
Buy
9400
50.20
Buy
9300
59.10
30.85
69.15
9430.85
25.80
74.20
9274.20
Sell
9500
19.35
Sell
9200
33.30
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 10, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,677
1,689
1,709
1,721
1,741
ADANIPORTS
331
339
344
353
358
AMBUJACEM
253
255
259
261
265
ASIANPAINT
1,151
1,158
1,167
1,175
1,184
AUROPHARMA
576
585
597
606
618
AXISBANK
506
512
517
523
527
BAJAJ-AUTO
2,813
2,843
2,865
2,895
2,917
BANKBARODA
182
184
187
190
192
BPCL
706
714
718
726
731
BHARTIARTL
339
342
347
350
354
INFRATEL
350
358
365
373
379
BOSCHLTD
23,132
23,234
23,352
23,454
23,572
CIPLA
542
547
551
556
560
COALINDIA
274
276
278
280
282
DRREDDY
2,556
2,569
2,586
2,599
2,616
EICHERMOT
26,662
26,895
27,023
27,256
27,384
GAIL
412
417
420
425
428
GRASIM
1,135
1,151
1,173
1,190
1,211
HCLTECH
833
842
848
856
863
HDFCBANK
1,525
1,530
1,538
1,543
1,551
HDFC
1,503
1,513
1,528
1,538
1,553
HEROMOTOCO
3,168
3,225
3,334
3,391
3,499
HINDALCO
181
183
186
189
192
HINDUNILVR
942
947
953
958
963
IBULHSGFIN
1,051
1,068
1,096
1,113
1,140
ICICIBANK
295
298
301
305
308
IOC
425
433
438
446
451
INDUSINDBK
1,406
1,414
1,423
1,430
1,439
INFY
937
942
947
952
957
ITC
267
269
273
275
279
KOTAKBANK
902
904
908
910
914
LT
1,684
1,714
1,736
1,766
1,787
LUPIN
1,218
1,234
1,259
1,275
1,300
M&M
1,318
1,331
1,341
1,354
1,365
MARUTI
6,586
6,608
6,637
6,659
6,688
NTPC
159
160
161
162
163
ONGC
184
185
186
187
189
POWERGRID
205
207
209
211
213
RELIANCE
1,315
1,323
1,328
1,336
1,341
SBIN
292
294
298
300
303
SUNPHARMA
626
633
638
645
650
TCS
2,320
2,336
2,349
2,365
2,377
TATAMTRDVR
259
260
263
265
267
TATAMOTORS
420
423
426
430
432
TATAPOWER
82
83
83
83
84
TATASTEEL
426
430
435
439
444
TECHM
415
421
426
432
437
ULTRACEMCO
4,377
4,405
4,426
4,454
4,476
WIPRO
497
503
506
512
516
YESBANK
1,579
1,591
1,604
1,615
1,628
ZEEL
488
492
497
501
506
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Technical & Derivatives Report
May 10, 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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