Technical & Derivatives Report
July 11, 2017
Sensex (31716) / Nifty (9771)
Exhibit 1: Nifty Daily Chart
First half of the day was a complete chaos as trading halted in
one of the major exchanges, National Stock Exchange (NSE)
due to a technical glitch. The trading activity resumed higher
in line with its peer exchange (BSE) and as a result, the Nifty
registered yet another all time high way above the 9750 mark
on a closing basis as well.
Honestly speaking, we were not expecting the index to surpass
the strong resistance zone of 9720 - 9750 with an ease. But,
having said that, we are still a bit reluctant to change our
view; considering the placement of few technical indicators
such as, the ‘RSI-Smoothened’ and ‘Few Key Fibonacci Ratios’.
We may sound a bit stubborn but we do not want to neglect
one thing that ‘the bottoms are made out of panic and
corrections take place in exuberance’. Looking at past couple
of day’s action, we believe that the situation is a bit hunky-
dory now and traders have started becoming too complacent.
Hence, we would continue to advise staying light in the market
(index specific longs should be booked) and one should focus
on individual stocks in order to get better trading
opportunities. On the flipside, the immediate support has now
shifted towards 9700 - 9640.
Key Levels
Support 1 - 9700
Resistance 1 - 9820
Support 2 - 9640
Resistance 2 - 9845
Nifty Bank Outlook - (23675)
Exhibit 2: Nifty Bank Daily Chart
The positive momentum in the banking stocks led to an
upmove in the index by 0.96 percent. However, the PSU
Banking stocks showed good momentum which led to an
outperformance in the Nifty PSU Bank index, which ended
yesterday's session with gains of 2.79 percent.
The Bank Nifty Fut. index (which is correctly depicting the
move in index yesterday) has closed the session slightly below
the high of the 'Shooting Star' pattern on the weekly charts.
Although the positive momentum in the broader markets is
indicating a higher probability of the index breaching this high
of 23891, we would still prefer to have a wait on watch
approach as far the index is concerned. Meanwhile, we
continue to advise traders to focus on stock specific moves
which too are providing good trading opportunities.
Key Levels
Support 1 - 23420
Resistance 1 - 23900
Support 2 - 23220
Resistance 2 - 24000
www.angelbroking.com
Technical & Derivatives Report
July 11, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.43%
BankNifty futures open interest has increased by 3.27%
as market closed at 9771.05 levels.
The Nifty July future closed with a premium of 5.90
points against the premium of 1.70 points in last trading
session. The August series closed at a premium of 40.75
points.
The Implied Volatility of at the money options has
increased from 9.03 to 9.44. At the same time, the PCR-
OI of Nifty has decreased from 1.29 levels to 1.34.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, IFCI, OFSS, IDEA AND PFC.
Views
FIIs activity in cash market segment remained subdued
yesterday. However, in Index futures they were sellers
worth Rs.
1000 crores with fall in open interest,
OI Gainers
suggesting both formations of short positions along with
OI
PRICE
SCRIP
OI
PRICE
long unwinding took place in previous trading session.
CHG. (%)
CHG. (%)
In index options front, they bought significantly worth
AJANTPHARM
408800
9.66
1547.40
-0.43
Rs. 2287 crores with rise in open interest. 9900 call
JETAIRWAYS
3967200
8.36
609.35
2.58
option added some fresh positions followed by decent
TATAGLOBAL
31212000
7.70
167.55
5.98
unwinding in 9500-9700 strikes. On the flip side, we
IDFC
99396000
7.56
56.50
-5.60
witnessed significant open interest addition in 9600 and
MRPL
6273000
6.82
122.15
0.62
9700 put options, followed by some build-up in 9750,
SRTRANSFIN
4878600
6.20
1060.25
-3.22
9800 and 9900 put options. Looking at participate-wise
REPCOHOME
298200
5.97
806.40
-0.60
activity, it seems retail participants have bought put
CHENNPETRO
469500
5.39
366.55
0.87
options as they are not expecting further rally going
ahead. As a result, maximum open interest of Nifty
OI Losers
options has shifted higher to 9800 call and 9600 put
OI
PRICE
SCRIP
OI
PRICE
options.
CHG. (%)
CHG. (%)
FIIs continue unwinding their long positions in index
BERGEPAINT
1111000
-15.13
250.40
2.52
futures along with some fresh shorts. In Index options,
UNIONBANK
18468000
-12.21
157.55
4.34
long formation was seen in call options. While, good
PNB
46760000
-10.71
153.35
7.46
amount of short covering was witnessed in stock futures.
COALINDIA
20876000
-8.44
260.05
3.32
Hence, the overall data of stronger hands (FIIs) is not
DISHTV
19390000
-7.30
81.40
3.04
giving any clear indication; however, the overall options
VGUARD
3219000
-7.18
182.25
2.07
data hints that the trading range has now shifted higher
GAIL
10988000
-6.53
366.90
2.07
to 9600-9800.
BANKBARODA
47096000
-6.30
167.50
3.72
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
WIPRO
29.31
NIFTY
1.34
1.16
BHARTIARTL
32.41
BANKNIFTY
1.50
0.88
DIVISLAB
50.66
RELIANCE
0.60
0.40
TCS
30.46
SBIN
0.70
0.43
PNB
52.12
INFY
0.69
0.46
www.angelbroking.com
Technical & Derivatives Report
July 11, 2017
FII Statistics for July 10, 2017
Turnover on July 10, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1421.45
2421.15
(999.70)
263663
20134.00
(1.86)
163196
13017.85
50.92
FUTURES
FUTURES
INDEX
INDEX
37445.59
35158.53
2287.07
819032
61682.15
3.57
3270250
271227.42
48.78
OPTIONS
OPTIONS
STOCK
6309.10
4161.54
2147.56
1014595
69532.43
(3.21)
STOCK
FUTURES
422875
29712.51
-26.10
FUTURES
STOCK
STOCK
4575.82
4259.61
316.21
70127
5102.66
12.92
271256
19440.30
-20.93
OPTIONS
OPTIONS
Total
49751.97
46000.82
3751.14
2167417
156451.24
(0.11)
TOTAL
4127577
333398.09
30.38
Nifty Spot = 9771.05
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9800
68.05
Buy
9800
92.60
37.60
62.40
9837.60
37.85
62.15
9762.15
Sell
9900
30.45
Sell
9700
54.75
Buy
9800
68.05
Buy
9800
92.60
56.40
143.60
9856.40
60.15
139.85
9739.85
Sell
10000
11.65
Sell
9600
32.45
Buy
9900
30.45
Buy
9700
54.75
18.80
81.20
9918.80
22.30
77.70
9677.70
Sell
10000
11.65
Sell
9600
32.45
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
www.angelbroking.com
Technical & Derivatives Report
July 11, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,612
1,620
1,628
1,636
1,643
ADANIPORTS
366
370
377
381
387
AMBUJACEM
222
238
247
263
271
ASIANPAINT
1,046
1,087
1,151
1,192
1,257
AUROPHARMA
695
702
707
714
719
AXISBANK
492
501
515
524
539
BAJAJ-AUTO
2,614
2,672
2,758
2,816
2,902
BANKBARODA
163
165
166
168
170
BPCL
621
643
667
689
713
BHARTIARTL
382
394
402
414
422
INFRATEL
399
405
410
416
421
BOSCHLTD
23,297
23,594
23,796
24,093
24,295
CIPLA
538
544
552
557
566
COALINDIA
251
255
257
261
263
DRREDDY
2,678
2,702
2,724
2,748
2,769
EICHERMOT
27,437
27,684
27,942
28,189
28,447
GAIL
337
352
372
387
408
HCLTECH
819
834
846
861
872
HDFCBANK
1,608
1,642
1,695
1,729
1,782
HDFC
1,589
1,614
1,646
1,671
1,703
HEROMOTOCO
3,675
3,703
3,721
3,750
3,768
HINDALCO
187
191
198
203
209
HINDUNILVR
1,052
1,074
1,112
1,134
1,172
IBULHSGFIN
1,041
1,055
1,078
1,092
1,114
ICICIBANK
280
286
296
301
311
IOC
374
379
385
389
395
INDUSINDBK
1,512
1,536
1,551
1,575
1,589
INFY
883
920
974
1,012
1,066
ITC
307
320
344
357
381
KOTAKBANK
954
961
967
974
980
LT
1,698
1,715
1,727
1,744
1,756
LUPIN
1,070
1,110
1,169
1,209
1,268
M&M
1,315
1,341
1,371
1,397
1,426
MARUTI
6,410
6,920
7,210
7,721
8,011
NTPC
151
155
163
167
175
ONGC
156
159
162
165
168
POWERGRID
209
210
211
212
214
RELIANCE
1,450
1,471
1,511
1,532
1,572
SBIN
270
278
289
297
308
SUNPHARMA
541
552
564
576
588
TCS
2,303
2,369
2,407
2,473
2,511
TATAMTRDVR
253
261
272
280
291
TATAMOTORS
432
440
450
457
467
TATAPOWER
79
81
85
87
91
TATASTEEL
544
552
557
564
569
TECHM
369
376
388
395
407
ULTRACEMCO
4,066
4,100
4,133
4,167
4,200
VEDANTA
256
258
260
263
264
WIPRO
257
263
266
271
275
YESBANK
1,491
1,502
1,512
1,523
1,533
ZEEL
436
471
493
528
550
www.angelbroking.com
Technical & Derivatives Report
July 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]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a
registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number
INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing
/dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed public
offering of securities of the company covered by *Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
www.angelbroking.com