Technical & Derivatives Report
August 10, 2017
Sensex (31798) / Nifty (9908)
Exhibit 1: Nifty Daily Chart
Tuesday’s strong corrective move was followed by a gap down
opening in our market on the back of mounting geopolitical
concerns between US and North Korea. Our markets
remained under pressure for the major part of the session and
in the process, have managed to sneak towards the 9900
mark.
With reference to earlier article, some of the technical tools
started indicating this weakness and as expected, yesterday we
saw extension of previous day’s corrective move. Now, due to
yesterday’s correction, the Nifty has closed below the daily ’20
EMA’, which certainly does not bode well for the bulls. In
addition, the ‘RSI-Smoothened’ on daily chart has now even
slipped below the 70 mark, providing impetus for further
weakness. Looking at this set up, traders are advised not to
create longs in the index and in fact, use any bounce back
towards 9960 - 9990 to move out of existing positions. On
the flipside, this corrective move is now likely to extend
towards 9870 - 9820 levels. One of the notable observations
is that the individual stocks have now started experiencing
massive profit booking and hence, traders are advised to be
very cautious and needs to be selective while picking a stock.
Key Levels
Support 1 - 9870
Resistance 1 - 9960
Support 2 - 9820
Resistance 2 - 9990
Nifty Bank Outlook - (24375)
Exhibit 2: Nifty Bank Daily Chart
In yesterday's trading session, the Nifty Bank index opened gap
down and traded with a negative bias throughout the session. The
index eventually ended the session with a loss of 0.91 percent.
The index breached the '20 DEMA' with a gap yesterday and
continued the corrective move seen in the previous session. As
also mentioned in our yesterday's report, the index has given a
breakdown from a 'Head & Shoulders' reversal pattern on the
hourly chart which is a negative sign. For intraday, the support for
the index is placed around our earlier mentioned target of
24200. We may see some pullback move from the mentioned
support and the index could trade in the range of 24200-24600
for next couple of sessions. We continue with our advise to remain
cautious and trade in stock specific move with proper risk
management. The intraday support for the Nifty Bank index is
placed in the range of 24150-24200 whereas resistances are
seen around 24525 and 24600.
Key Levels
Support 1 - 24200
Resistance 1 - 24525
Support 2 - 24150
Resistance 2 - 24600
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Technical & Derivatives Report
August 10, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.31%
BankNifty futures open interest has decreased by 5.15%
as market closed at 9908.55 levels.
The Nifty August future closed with a premium of 18.65
points against the premium of 20.90 points in last
trading session. The September series closed at a
premium of 51.60 points.
The Implied Volatility of at the money options has
increased from 10.51 to 11.37. At the same time, the
PCR-OI of Nifty has decreased from 1.15 levels to 1.13.
Few of the liquid counters where we have seen high cost
of carry are IDFC, ADANIPOWER, CENTURYTEX, IFCI
and HDIL.
Views
FIIs were net sellers in cash market segment to the tune
of Rs.841 crores. While, in index futures they bought of
OI Gainers
worth Rs. 420 crores with marginal change in open
OI
PRICE
interest, indicating short covering and marginal longs
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
formation took place in previous trading session.
ADANIPORTS
7345000
19.04
397.40
-4.41
In index options segment, they bought significantly of
CADILAHC
2566400
17.17
484.65
-8.89
Rs. 1499 crores with rise in open interest. In call option,
HAVELLS
3252000
16.06
500.55
2.85
9900-10000 strikes added good amount of fresh
UBL
1266300
12.08
835.20
1.09
positions; followed by unwinding in out the money strikes
DJIA
29280
11.93
21985.00
-0.33
10300-10500. On the flip side, minor build-up was seen
TITAN
5806500
11.20
621.05
1.35
in
9800 put option along with good amount of
AUROPHARMA
12948000
10.81
687.45
-5.84
unwinding in 10000 put options. Maximum open interest
BANKINDIA
21006000
8.96
159.10
3.85
in current series has shifted lower to 9800 from 10000
put and of call option remains intact in 10100 strike.
OI Losers
Yesterday, Nifty plunged below its support zone of 9950-
OI
PRICE
9975 levels. Sine past 2-3 session, Nifty as well as
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
BankNifty are attracting fresh shorts. While, FIIs have
MGL
1046400
-23.98
1033.45
-3.36
been consistently forming shorts in index futures since
BERGEPAINT
895400
-20.82
256.55
1.02
beginning of August series. In options segment, they
HEXAWARE
2049000
-10.37
260.45
-0.10
bought good amount of puts along with writing in call
INDIGO
1871400
-9.33
1270.80
0.45
options. Thus, looking at the above data, we believe
JINDALSTEL
42336000
-8.37
135.90
-3.17
market may remain under pressure going ahead, any
SINTEX
21182625
-7.87
29.55
-7.37
bounce towards 9950 shall be an opportunity to buy
HDIL
29664000
-7.78
57.55
1.68
index puts.
MRPL
9774000
-7.54
128.50
-4.10
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SRF
44.68
NIFTY
1.13
0.97
CADILAHC
53.53
BANKNIFTY
0.63
0.79
ADANIENT
60.47
RELIANCE
0.59
0.45
AJANTPHARM
41.84
ITC
0.32
0.28
GRANULES
54.76
SBIN
0.60
0.61
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Technical & Derivatives Report
August 10, 2017
FII Statistics for August 09, 2017
Turnover on August 09, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1970.18
1550.19
419.99
279156
21128.20
0.48
208570
17526.04
-21.58
FUTURES
FUTURES
INDEX
INDEX
67160.76
65660.84
1499.91
1049025
80233.20
5.69
6759474
622651.00
3.80
OPTIONS
OPTIONS
STOCK
7968.19
7816.81
151.39
810179
55866.88
0.78
STOCK
FUTURES
720028
53733.50
-9.65
FUTURES
STOCK
STOCK
7614.77
7732.05
(117.28)
116609
8631.38
4.49
498121
39319.95
-11.26
OPTIONS
OPTIONS
Total
84713.90
82759.89
1954.00
2254969
165859.66
3.16
TOTAL
8186193
733230.49
1.00
Nifty Spot = 9908.05
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9900
126.50
Buy
9900
99.80
50.05
49.95
9950.05
32.40
67.60
9867.60
Sell
10000
76.45
Sell
9800
67.40
Buy
9900
126.50
Buy
9900
99.80
85.20
114.80
9985.20
55.15
144.85
9844.85
Sell
10100
41.30
Sell
9700
44.65
Buy
10000
76.45
Buy
9800
67.40
35.15
64.85
10035.15
22.75
77.25
9777.25
Sell
10100
41.30
Sell
9700
44.65
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 10, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,777
1,798
1,815
1,836
1,852
ADANIPORTS
381
389
403
412
426
AMBUJACEM
268
271
273
275
277
ASIANPAINT
1,133
1,144
1,152
1,163
1,170
AUROPHARMA
645
664
695
714
745
AXISBANK
477
482
490
495
504
BAJAJ-AUTO
2,734
2,782
2,856
2,904
2,978
BANKBARODA
152
154
156
157
159
BPCL
481
489
500
508
520
BHARTIARTL
409
412
416
419
423
INFRATEL
376
379
382
385
388
BOSCHLTD
23,528
23,780
24,040
24,292
24,552
CIPLA
543
552
567
576
590
COALINDIA
239
241
243
245
247
DRREDDY
1,989
2,019
2,062
2,091
2,134
EICHERMOT
30,692
31,090
31,732
32,131
32,773
GAIL
374
378
384
388
394
HCLTECH
864
872
878
885
892
HDFCBANK
1,748
1,756
1,767
1,775
1,785
HDFC
1,689
1,711
1,726
1,747
1,763
HEROMOTOCO
3,811
3,847
3,896
3,933
3,982
HINDALCO
234
237
240
243
246
HINDUNILVR
1,167
1,176
1,186
1,195
1,205
IBULHSGFIN
1,129
1,144
1,170
1,186
1,212
ICICIBANK
287
289
292
293
296
IOC
392
403
414
425
437
INDUSINDBK
1,625
1,631
1,638
1,644
1,651
INFY
960
965
969
974
979
ITC
268
270
273
275
278
KOTAKBANK
970
981
990
1,002
1,011
LT
1,135
1,144
1,158
1,167
1,181
LUPIN
932
943
960
971
988
M&M
1,372
1,382
1,394
1,404
1,417
MARUTI
7,543
7,602
7,699
7,758
7,854
NTPC
168
171
173
176
178
ONGC
161
163
165
167
169
POWERGRID
218
220
223
224
227
RELIANCE
1,566
1,583
1,601
1,618
1,636
SBIN
296
299
303
306
311
SUNPHARMA
458
466
480
488
502
TCS
2,480
2,496
2,509
2,525
2,539
TATAMTRDVR
237
239
244
247
252
TATAMOTORS
405
411
420
426
435
TATAPOWER
77
77
78
78
79
TATASTEEL
591
598
609
616
627
TECHM
388
391
396
399
403
ULTRACEMCO
3,937
3,967
4,013
4,043
4,089
VEDANTA
293
296
302
305
311
WIPRO
284
285
287
288
290
YESBANK
1,712
1,727
1,751
1,765
1,789
ZEEL
531
536
540
545
549
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Technical & Derivatives Report
August 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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