Technical & Derivatives Report
April 11, 2017
Sensex (29576) / Nifty (9181)
Exhibit 1: Nifty Daily Chart
It’s been a quite day for our market as we witnessed a gap up
opening with a small margin followed by a gradual decline
throughout the remaining part to end the session almost at the
lowest point of the day tad below the 9200 mark. Although, the
market remained under pressure right from the opening tick, no
real damage was done in terms of a price movement.
After seeing some hint of profit taking on Friday, it was quite
evident to have such kind of corrective day for our market.
However, the market hardly shaved off its recent gains during the
session, which is certainly an encouraging sign. Now, looking at
the hourly chart, it appears that the Nifty is approaching its strong
support of ’89 EMA’ placed around 9160. In addition, if we look
at the daily chart, we can observe a strong support of daily ’20
EMA’ placed at 9120. Hence, combinedly, we see strong support
emerging in the vicinity of 9160 - 9120 for the Nifty and there is
higher likelihood that we would see buying interest coming
around these levels. Going ahead, we may see some
consolidation or minor profit taking moves; but the undertone
remains bullish and we would continue with our ‘buy on dips’
strategy in the market. On the flipside, 9226 - 9250 levels would
remain as intraday resistances.
Key Levels
Support 1 - 9160
Resistance 1 - 9226
Support 2 - 9120
Resistance 2 - 9250
Nifty Bank Outlook - (21520)
Exhibit 2: Nifty Bank Daily Chart
Although the Nifty Bank index traded in a narrow range
yesterday, the index and the stocks within the sector clearly
outperformed the broader indices. The Nifty bank index ended
the session with gains of 0.84 percent over its previous session's
close.
As mentioned in our earlier reports, the broader trend of the Nifty
Bank index continues to be positive and hence, we continue to
advise traders to trade with positive bias. Short term traders can
look to focus on the stock specific moves as they could fetch better
returns over the index in near term. We have published our
bullish stance on the PSU Banks in our previous reports as the
stocks within this space have seen upmoves supported with good
volumes. The intraday supports for the Nifty Bank index are
placed around 21337 and 21200 whereas resistances are seen
around 21600 and 21793.
Key Levels
Support 1 - 21337
Resistance 1 - 21600
Support 2 - 21200
Resistance 2 - 21793
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Technical & Derivatives Report
April 11, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.79%
BankNifty futures open interest has decreased by 1.58%
as market closed at 9181.45 levels.
The Nifty April future closed with a premium of 27.90
points against the premium of 13.15 points in last
trading session. The May series closed at a premium of
49.10 points.
The Implied Volatility of at the money options has
increased from 10.25% to 10.42%. At the same time, the
PCR-OI of Nifty remained unchanged at 1.04 levels.
The total OI of the market is Rs. 2,91,846/- cr. and the
stock futures OI is Rs. 98,932/- cr.
Few of the liquid counters where we have seen high cost
of carry are INFIBEAM, ICIL, BATAINDIA, EXIDEIND and
INDIGO.
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. (%)
ESCORTS
1203400
37.09
548.55
4.85
716 crores. While, in index futures they were net sellers
INDIGO
900600
26.99
1093.25
5.32
to the tune of Rs. 511 crores with marginal change in
INDIANB
1338000
21.86
271.95
0.20
open interest, suggesting blend of long unwinding and
SUZLON
146730000
20.97
19.45
2.91
some short formation in previous trading session.
In index options, FIIs were net buyers of Rs. 537 crores
ORIENTBANK
16122000
15.42
150.80
6.84
with decent amount of rise in open interest. We hardly
PEL
282300
14.90
1973.70
2.42
saw any meaningful open interest additions in Nifty
YESBANK
8625400
14.61
1603.25
2.99
options. However, 9350 call and 9050 put options of
DALMIABHA
269400
13.10
2128.55
-1.97
Nifty were comparatively active. Highest open interest in
April series is placed at 9500 call and 9000 put option.
OI Losers
Since past few trading sessions, we are witnessing some
OI
PRICE
SCRIP
OI
PRICE
profit booking in Index Futures from FIIs desk. However,
CHG. (%)
CHG. (%)
HINDALCO
39567500
-8.15
195.50
0.96
the quantum of this long unwinding is far less to the
longs formed in last couple of months. Therefore, we
IBREALEST
27470000
-7.35
89.75
1.53
believe longs in Index Futures are still intact. Thus, taking
BEL
27292500
-6.69
172.25
2.71
into consideration the above data, we continue to remain
ALBK
14450000
-6.59
74.10
2.07
optimistic on market and would suggest traders to adopt
CADILAHC
3568000
-5.79
451.85
-0.95
buy on dip strategy.
NCC
26776000
-5.35
86.20
1.89
JINDALSTEL
43983000
-5.31
128.45
-1.00
DIVISLAB
10139400
-5.18
658.50
5.78
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
UBL
21.43
NIFTY
1.04
0.98
MCDOWELL-N
49.28
BANKNIFTY
1.04
0.89
INDIGO
41.30
RELIANCE
0.62
0.60
ESCORTS
40.11
INFY
0.52
0.65
ORIENTBANK
49.18
SBIN
0.56
0.48
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Technical & Derivatives Report
April 11, 2017
FII Statistics for April 10, 2017
Turnover on April 10, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
536.99
1048.05
(511.06)
315051
22443.23
(0.48)
147133
11061.68
-14.12
FUTURES
FUTURES
INDEX
INDEX
21435.56
20898.53
537.03
843615
59162.43
1.34
2944334
231514.50
8.75
OPTIONS
OPTIONS
STOCK
6190.24
5402.17
788.07
1183157
80489.37
(0.24)
STOCK
FUTURES
545912
40259.86
-18.37
FUTURES
STOCK
STOCK
4960.13
4905.69
54.44
72553
5412.79
11.68
337645
25366.14
-12.22
OPTIONS
OPTIONS
TOTAL
33122.92
32254.44
868.48
2414376
167507.82
0.60
TOTAL
3975024
308202.18
1.39
Nifty Spot = 9181.45
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9200
86.90
Buy
9200
78.30
45.10
54.90
9245.10
33.30
66.70
9166.70
Sell
9300
41.80
Sell
9100
45.00
Buy
9200
86.90
Buy
9200
78.30
70.70
129.30
9270.70
53.15
146.85
9146.85
Sell
9400
16.20
Sell
9000
25.15
Buy
9300
41.80
Buy
9100
45.00
25.60
74.40
9325.60
19.85
80.15
9080.15
Sell
9400
16.20
Sell
9000
25.15
Note: Above mentioned Bullish or Bearish Spreads in Nifty (April Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
April 11, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,460
1,467
1,472
1,479
1,485
ADANIPORTS
343
348
351
355
358
AMBUJACEM
241
243
244
246
248
ASIANPAINT
1,042
1,051
1,066
1,074
1,089
AUROPHARMA
647
651
657
661
668
AXISBANK
499
505
509
515
519
BAJAJ-AUTO
2,803
2,820
2,839
2,856
2,874
BANKBARODA
167
169
170
173
174
BHEL
670
685
695
710
720
BPCL
339
342
345
349
352
BHARTIARTL
342
350
355
363
368
INFRATEL
22,417
22,573
22,806
22,963
23,195
BOSCH
585
587
591
593
597
CIPLA
283
285
287
289
291
COALINDIA
2,608
2,622
2,646
2,660
2,685
DRREDDY
25,361
25,470
25,635
25,744
25,909
EICHERMOT
380
383
386
388
391
GAIL
1,049
1,070
1,081
1,102
1,114
GRASIM
814
824
841
850
867
HCLTECH
1,426
1,430
1,437
1,441
1,447
HDFCBANK
1,453
1,460
1,472
1,479
1,491
HDFC
3,156
3,178
3,207
3,229
3,258
HEROMOTOCO
191
193
194
196
197
HINDALCO
910
918
924
932
938
HINDUNILVR
905
920
939
954
973
ICICIBANK
275
276
278
279
280
IDEA
398
404
409
416
421
INDUSINDBK
1,400
1,413
1,422
1,435
1,444
INFY
925
939
964
979
1,004
ITC
271
272
274
275
276
KOTAKBANK
863
870
875
882
887
LT
1,636
1,655
1,682
1,701
1,728
LUPIN
1,388
1,402
1,411
1,424
1,433
M&M
1,262
1,271
1,277
1,287
1,292
MARUTI
6,211
6,240
6,274
6,303
6,337
NTPC
163
165
167
169
171
ONGC
185
186
187
187
188
POWERGRID
194
195
195
196
196
RELIANCE
1,347
1,364
1,395
1,412
1,442
SBIN
285
287
289
291
293
SUNPHARMA
658
663
666
671
675
TCS
2,381
2,402
2,425
2,446
2,469
TATAMTRDVR
279
284
288
294
298
TATAMOTORS
463
469
474
480
484
TATAPOWER
86
87
87
88
88
TATASTEEL
486
491
495
499
503
TECHM
437
440
444
447
452
ULTRACEMCO
3,976
4,017
4,063
4,104
4,149
WIPRO
493
499
508
514
524
YESBANK
1,542
1,571
1,588
1,617
1,634
ZEEL
540
547
551
558
562
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Technical & Derivatives Report
April 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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