Technical & Derivatives Report
January 11, 2017
Sensex (27900) / Nifty (8289)
Exhibit 1: Nifty Daily Chart
Our benchmark index opened higher taking positive cues from
most of the Emerging Markets as the US Dollar index slipped
below the
102 mark. Subsequently, we saw consolidation
happening in a narrow range post the initial hour of trading.
However, the index managed to pick some buying momentum in
the concluding hour to close tad below the 8300 mark.
The Nifty once again failed to surpass the stiff hurdle of 8300,
however, yesterday’s price action was quite encouraging as the
index managed to close at the highest point of the day along with
some strong momentum in the closing trades. We can now
observe rising ‘5 EMA’ along with the ‘RSI-Smoothened’ oscillator
on daily chart which has been moving northwards of late. We
continue with our optimistic view on the market and expect a
breakout beyond the immediate resistance of 8306.85. As a
result, the Nifty would then extend this rally towards 8400 - 8450
levels. On the other hand, 8261 - 8223 are likely to provide a
decent support for the benchmark index. Traders are advised to
keep focusing on individual stocks with a positive bias which are
likely to provide potential trading opportunities.
Key Levels
Support 1 - 8261
Resistance 1 - 8307
Support 2 - 8223
Resistance 2 - 8400
Nifty Bank Outlook - (18410)
Exhibit 2: Nifty Bank Daily Chart
Post the gap up opening, the Nifty Bank index has corrected in
initial hour of trade and then moved in a narrow range for most
part of the session. However, due to some upward momentum
towards the fag end, the banking index ended the session with
gains of two third of a percent over its previous close.
On expected lines, the banking index continued to make higher
highs from last few sessions and moving towards the expected
target of 18600, which is ’89 EMA’ on daily chart. Since, there is
no sign of reversals seen on chart, we continue to maintain our
bullish stance on the banking index and thus advise traders to
hold on to the long positions for above mentioned level. The
intraday supports for the Nifty Bank index are placed around
18275 and 18155 whereas resistances are seen around 18473
and 18600.
Key Levels
Support 1 - 18275
Resistance 1 - 18473
Support 2 - 18155
Resistance 2 - 18600
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Technical & Derivatives Report
January 11, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.10%
BankNifty futures open interest has increased by 4.00%
as market closed at 8288.60 levels.
The Nifty January future closed with a premium of 5.25
points against the premium of 13.85 points in last
trading session. The February series closed at a premium
of 30.25 points.
The Implied Volatility of at the money options has
decreased from 13.03% to 12.38%. At the same time,
the PCR-OI of Nifty has remained unchanged at 1.11
levels.
The total OI of the market is Rs. 2,53,518/- cr. and the
stock futures OI is Rs. 73,672/- cr.
Few of the liquid counters where we have seen high cost
of carry are RCOM, RPOWER, TV18BRDCST, DISHTV
and JSWSTEEL.
Views
OI Gainers
OI
PRICE
FIIs activity in cash market segment was subdued. While,
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
in index futures, they sold worth Rs. 204 crores with fall
PETRONET
4480500
21.37
363.30
-3.17
in open interest, indicating long unwinding took place in
ARVIND
6552000
19.52
363.55
0.76
previous session.
MRF
33810
16.43
53205.20
3.94
In Index options segment, FIIs were net sellers worth
ENGINERSIN
16709000
12.91
157.35
2.91
Rs. 119 crores with some rise in open interest. In both
CONCOR
1039000
11.48
1183.15
0.05
call and put options, except for some build-up in 8400
INDUSINDBK
5487000
11.19
1165.55
0.41
call and 8300 put; we hardly witnessed any meaningful
APOLLOTYRE
8811000
10.91
195.15
4.36
activity in other strikes. Highest OI in current series is
KSCL
2274000
9.70
425.75
2.69
placed at 8400 call and 8000 put option.
Despite the marginal selling in last two trading sessions,
we continue to maintain our bullish stance on index as
OI Losers
OI
PRICE
longs formed in last week are still intact. At current
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
juncture, we advise traders to hold their long positions
IBULHSGFIN
13264800
-5.73
689.05
2.02
and trade with positive bias as we may see the Nifty
BIOCON
3051000
-4.27
1000.35
-1.33
moving towards 8400 level in upcoming sessions.
KPIT
3284000
-4.20
138.60
0.47
Liquid counters that added fresh longs yesterday are
IOC
16458000
-3.53
345.50
0.99
MRF, ENGINERSIN, APOLLOTYRE, KSCL and BEL. While,
VOLTAS
4916000
-3.15
341.35
1.14
on the flip side PETRONET, MINDTREE, IDFC, JUSTDIAL
NIITTECH
610500
-3.10
431.80
0.08
and AXISBANK added short positions.
BHARATFORG
4683600
-2.85
933.65
2.45
HINDZINC
8358400
-2.76
273.00
1.04
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
APOLLOTYRE
37.04
NIFTY
1.11
1.29
MRF
36.61
BANKNIFTY
1.02
0.95
BEL
38.61
SBIN
0.50
0.36
PIDILITIND
28.05
INFY
0.70
0.92
HDFCBANK
16.31
MARUTI
1.69
1.17
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Technical & Derivatives Report
January 11, 2017
FII Statistics for January 10, 2017
Turnover on January 10, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
772.42
976.07
(203.65)
202085
12857.46
(0.45)
137774
9168.94
21.75
FUTURES
FUTURES
INDEX
INDEX
12895.71
13014.76
(119.05)
956953
60655.05
2.03
2486600
170535.90
20.99
OPTIONS
OPTIONS
STOCK
6200.64
5765.08
435.56
862651
53726.55
0.53
STOCK
FUTURES
470929
31054.69
23.57
FUTURES
STOCK
STOCK
3027.73
3072.16
(44.44)
65007
4253.16
10.37
280959
19203.52
29.60
OPTIONS
OPTIONS
TOTAL
22896.50
22828.07
68.43
2086696
131492.23
1.40
TOTAL
3376262
229963.05
22.04
Nifty Spot = 8288.60
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8300
80.10
Buy
8300
87.45
41.15
58.85
8341.15
35.75
64.25
8264.25
Sell
8400
38.95
Sell
8200
51.70
Buy
8300
80.10
Buy
8300
87.45
64.40
135.60
8364.40
57.20
142.80
8242.80
Sell
8500
15.70
Sell
8100
30.25
Buy
8400
38.95
Buy
8200
51.70
23.25
76.75
8423.25
21.45
78.55
8178.55
Sell
8500
15.70
Sell
8100
30.25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 11, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,300
1,310
1,324
1,333
1,347
ADANIPORTS
282
288
291
297
301
AMBUJACEM
206
207
210
212
215
ASIANPAINT
899
911
920
932
941
AUROPHARMA
684
692
698
706
711
AXISBANK
411
429
443
461
474
BAJAJ-AUTO
2,698
2,719
2,733
2,755
2,769
BANKBARODA
150
151
153
154
156
BHEL
127
128
128
129
130
BPCL
647
654
665
671
683
BHARTIARTL
315
318
319
322
323
INFRATEL
347
350
353
356
359
BOSCH
20,777
20,962
21,093
21,278
21,409
CIPLA
568
571
577
581
586
COALINDIA
297
299
301
303
305
DRREDDY
3,011
3,027
3,050
3,066
3,089
EICHERMOT
22,443
22,724
22,971
23,252
23,499
GAIL
433
437
440
444
448
GRASIM
835
842
853
859
871
HCLTECH
829
834
839
843
848
HDFCBANK
1,187
1,201
1,209
1,222
1,230
HDFC
1,205
1,211
1,219
1,226
1,234
HEROMOTOCO
2,997
3,028
3,050
3,081
3,104
HINDALCO
155
160
163
167
170
HINDUNILVR
825
828
832
835
839
ICICIBANK
257
258
260
262
264
IDEA
73
74
74
75
76
INDUSINDBK
1,129
1,145
1,158
1,174
1,187
INFY
960
965
973
978
986
ITC
244
246
248
251
252
KOTAKBANK
707
710
713
716
718
LT
1,369
1,378
1,387
1,396
1,404
LUPIN
1,473
1,481
1,491
1,499
1,510
M&M
1,195
1,204
1,210
1,220
1,226
MARUTI
5,617
5,646
5,670
5,699
5,723
NTPC
161
161
163
164
165
ONGC
194
196
200
202
205
POWERGRID
183
185
187
188
190
RELIANCE
1,074
1,082
1,088
1,096
1,102
SBIN
245
247
248
249
251
SUNPHARMA
622
630
635
643
648
TCS
2,274
2,295
2,312
2,333
2,351
TATAMTRDVR
317
322
324
329
332
TATAMOTORS
501
509
513
521
525
TATAPOWER
76
76
77
78
78
TATASTEEL
419
426
429
435
439
TECHM
465
469
472
476
479
ULTRACEMCO
3,231
3,255
3,285
3,309
3,339
WIPRO
468
472
476
480
483
YESBANK
1,241
1,253
1,263
1,275
1,286
ZEEL
461
464
467
470
472
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Technical & Derivatives Report
January 11, 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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