Technical & Derivatives Report
July 10, 2017
Sensex (31361) / Nifty (9666)
Exhibit 1: Nifty Daily Chart
In the week gone by, our markets gave a smart recovery from
the recent low of 9448.75. The Nifty index made yet another
successful attempt to test the 9700 mark and closed with
weekly gains of 1.52 percent.
We would like to highlight few notable observations that are
holding us back. 1) We can see a breakdown from the small
‘Upward Sloping Channel’ and prices are continuously
resisting at the lower trend line of the pattern. 2) We are
meticulously observing the placement of ‘Parabolic SAR’
indicator which turned into a ‘Sell’ mode last week. The Nifty
is now placed tad below the higher end of this indicator. And
3) the daily ‘RSI-Smoothened’ has bounced towards its
breakdown point, which we believe would act a strong
resistance. Considering all these evidences, we would continue
to advise staying light in the market (at least index specific
longs should be avoided) and should focus on individual
stocks in order to get better trading opportunities. On the
flipside, 9640 - 9600 are seen as immediate support levels;
but, with a near term view, these levels may get breached
soon and index may slip towards 9450 - 9340 levels.
Key Levels
Support 1 - 9640
Resistance 1 - 9700
Support 2 - 9600
Resistance 2 - 9720
Nifty Bank Outlook - (23449)
Exhibit 2: Nifty Bank Daily Chart
During last week, the Nifty Bank index showed some positive
momentum and gained over 1% on weekly basis. However,
we witnessed stock specific momentum during the week as
some PSU banking stocks gave pullback moves.
If we observe the weekly charts, the 'Shooting Star' candlestick
pattern formed earlier is still intact as the index has not yet
negated pattern. Generally, such bearish patterns on the
weekly charts have negative implications in short to medium
term. Hence, we continue with our cautious stance on the
index and recommend traders to lighten their index long
positions. Intraday and swing traders should focus on stock
specific moves for better trading opportunities.
Key Levels
Support 1 - 23385
Resistance 1 - 23540
Support 2 - 23160
Resistance 2 - 23605
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Technical & Derivatives Report
July 10, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.52%
BankNifty futures open interest has increased by 1.15%
as market closed at 9665.80 levels.
The Nifty July future closed with a premium of 1.70
points against the discount of 1.20 points in last trading
session. The August series closed at a premium of 34.85
points.
The Implied Volatility of at the money options has
decreased from 9.07 to 9.03. At the same time, the PCR-
OI of Nifty has decreased from 1.30 levels to 1.29.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, ADANIPOWER, NBCC, RCOM
and GRANULES.
Views
FIIs were net sellers in cash market segment and index
futures. They sold equities to the tune of Rs. 522 crores.
OI Gainers
While, in Index futures they were sellers worth
OI
PRICE
Rs. 761 crores with marginal change in open interest,
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
suggesting both formations of short positions along with
AMBUJACEM
13077500
14.09
253.15
-1.44
long unwinding in previous trading session.
TVSMOTOR
5904000
12.67
572.35
3.68
In index options front, they bought worth Rs. 434 crores
PVR
494000
11.97
1420.35
-0.40
with rise in open interest. We hardly witnessed any
RELIANCE
12886500
11.78
1485.00
3.58
meaningful build-up; however, 9700 and 9800 call and
COLPAL
1283100
11.16
1091.20
-1.79
9300 put options remained most activity on Friday’s
ACC
1669200
10.19
1608.80
-0.54
session. At present, maximum concentration of open
ORIENTBANK
17124000
9.26
141.50
-2.04
interest in July series is seen at 9700 call and 9500 put
ICICIPRULI
1413100
9.25
485.75
-0.68
option.
Last week, the benchmark index rallied 1.58% with some
OI Losers
rise in open interest, indicating long formation. However,
OI
PRICE
if we look at FIIs data, they unwounded some of their
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
longs in index futures along with fresh short formation. In
MINDTREE
2925600
-8.96
528.90
-1.23
addition, they bought good amount of stock futures
HEXAWARE
2283000
-7.08
237.90
-0.83
during last week. At current juncture, we are hardly
LUPIN
7583600
-6.44
1116.05
3.00
seeing any buying interest by stronger hands in index,
PEL
962100
-6.26
2930.10
0.08
but looking at their stock futures activity it seem
CHOLAFIN
459000
-6.13
1137.60
0.12
momentum in individual stocks may continue. Thus,
TATAGLOBAL
28980000
-5.86
158.10
2.76
traders are suggested to remain light in index and prefer
HDIL
37816000
-5.76
85.55
-2.06
stock specific approach to fetch higher returns.
MARICO
3957200
-5.23
321.90
-0.86
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TVSMOTOR
25.83
NIFTY
1.29
1.11
RELIANCE
30.02
BANKNIFTY
1.37
0.97
SAIL
30.56
RELIANCE
0.60
0.38
DIVISLAB
36.94
SBIN
0.60
0.53
AJANTPHARM
25.28
INFY
0.69
0.63
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Technical & Derivatives Report
July 10, 2017
FII Statistics for July 07, 2017
Turnover on July 07, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
792.13
1553.21
(761.08)
268656
20234.84
(0.08)
108707
8625.82
-36.16
FUTURES
FUTURES
INDEX
INDEX
23829.37
23395.06
434.31
790777
59061.95
2.74
2177715
182302.63
-77.58
OPTIONS
OPTIONS
STOCK
6645.91
6453.71
192.20
1048216
70599.03
(0.26)
STOCK
FUTURES
561495
40208.05
-4.38
FUTURES
STOCK
STOCK
4244.68
4120.97
123.71
62102
4519.01
12.31
333633
24585.64
8.86
OPTIONS
OPTIONS
Total
35512.08
35522.94
(10.86)
2169751
154414.83
1.16
TOTAL
3181550
255722.14
-71.31
Nifty Spot = 9665.80
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9700
67.15
Buy
9700
101.85
36.90
63.10
9736.90
39.90
60.10
9660.10
Sell
9800
30.25
Sell
9600
61.95
Buy
9700
67.15
Buy
9700
101.85
55.10
144.90
9755.10
64.60
135.40
9635.40
Sell
9900
12.05
Sell
9500
37.25
Buy
9800
30.25
Buy
9600
61.95
18.20
81.80
9818.20
24.70
75.30
9575.30
Sell
9900
12.05
Sell
9500
37.25
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
July 10, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,590
1,600
1,614
1,623
1,638
ADANIPORTS
367
369
372
374
377
AMBUJACEM
249
251
254
256
259
ASIANPAINT
1,098
1,107
1,121
1,130
1,144
AUROPHARMA
671
684
692
705
713
AXISBANK
497
500
504
508
512
BAJAJ-AUTO
2,673
2,691
2,712
2,729
2,750
BANKBARODA
158
159
162
163
165
BPCL
654
659
664
669
675
BHARTIARTL
381
383
385
388
390
INFRATEL
395
399
407
412
420
BOSCHLTD
23,163
23,374
23,661
23,873
24,160
CIPLA
536
542
547
552
557
COALINDIA
248
250
251
253
254
DRREDDY
2,638
2,672
2,701
2,734
2,763
EICHERMOT
27,251
27,552
27,851
28,151
28,450
GAIL
353
356
358
361
364
HCLTECH
822
827
834
839
845
HDFCBANK
1,653
1,660
1,665
1,672
1,677
HDFC
1,599
1,614
1,632
1,647
1,665
HEROMOTOCO
3,643
3,662
3,692
3,712
3,742
HINDALCO
192
194
196
197
199
HINDUNILVR
1,079
1,088
1,099
1,108
1,119
IBULHSGFIN
1,043
1,054
1,074
1,085
1,104
ICICIBANK
287
288
291
292
295
IOC
375
378
381
385
387
INDUSINDBK
1,504
1,515
1,523
1,534
1,541
INFY
926
930
938
943
950
ITC
330
332
335
337
340
KOTAKBANK
949
957
962
970
976
LT
1,676
1,690
1,704
1,718
1,732
LUPIN
1,058
1,088
1,112
1,142
1,167
M&M
1,357
1,366
1,380
1,390
1,404
MARUTI
7,388
7,411
7,442
7,465
7,496
NTPC
157
158
159
160
161
ONGC
157
158
160
161
163
POWERGRID
207
208
209
211
212
RELIANCE
1,419
1,455
1,476
1,513
1,534
SBIN
277
279
281
282
284
SUNPHARMA
542
545
549
553
556
TCS
2,307
2,319
2,338
2,350
2,369
TATAMTRDVR
261
263
266
267
270
TATAMOTORS
428
432
437
441
446
TATAPOWER
80
81
82
83
84
TATASTEEL
549
551
553
555
557
TECHM
373
376
379
382
384
ULTRACEMCO
4,055
4,076
4,109
4,130
4,163
VEDANTA
253
255
258
260
263
WIPRO
254
256
257
259
260
YESBANK
1,489
1,497
1,506
1,515
1,524
ZEEL
497
502
505
511
514
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Technical & Derivatives Report
July 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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