Technical & Derivatives Report
August 11, 2017
Sensex (31531) / Nifty (9820)
Exhibit 1: Nifty Daily Chart
Yesterday once again, our markets opened lower owing to
weak cues from the Asian peers. Subsequently, the index
consolidated for a while; but, a massive sell off in the latter
half dragged the Nifty even below the 9800 mark. A modest
recovery toward the fag end trimmed some portion of losses
to conclude the session with a cut of 0.89% over the previous
close.
Yesterday’s session was a perfect example how stock specific
destruction happens and market surprises by its sudden/
unexpected reversals. During the day, so many midcap
counters plunged more than 5-10% with an ease. Such
development can be horrifying for a short term trader and
hence, we have been repeatedly advising to stay light in the
market. In fact, with reference to our yesterday’s article, we
had a hint of this broader market selloff and hence, advised
caution while selecting a stock. Now, going forward, our
market is likely to remain under pressure and any intraday
bounce back towards 9850 - 9900 is likely to get sold into.
On the flipside, we will not be surprised to see this corrective
move getting extended towards 9760 - 9700 in a day or two.
Traders are advised to remain light and avoid taking undue
risks as individual stocks may continue correcting in next few
days.
Key Levels
Support 1 - 9760
Resistance 1 - 9850
Support 2 - 9700
Resistance 2 - 9900
Nifty Bank Outlook - (24217)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened yesterday on a flat note but
corrected in the initial hour itself. The index then consolidated
near its hourly support of 24200 during the day. However, a
sharp selloff in last hour of trade led to an extension of the
correction. Although the index recovered marginally in last hour
of trade, the index ended this volatile day with a loss of 0.65
percent over its previous session’s close.
We have been advising traders to be cautious on the market since
last few days. The stock specific correction seen yesterday is
usually seen during the corrective moves. Also, proper risk
management is a must during such volatile times which is the
reason we always emphasize traders to strictly follow money
management principles. We continue with our advice to remain
cautious and stay light on positions.
Key Levels
Support 1 - 23900
Resistance 1 - 24415
Support 2 - 23800
Resistance 2 - 24600
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Technical & Derivatives Report
August 11, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 2.90%
BankNifty futures open interest has decreased by 9.45%
as market closed at 9820.25 levels.
The Nifty August future closed with a premium of 34.50
points against the premium of 18.65 points in last
trading session. The September series closed at a
premium of 65.65 points.
The Implied Volatility of at the money options has
increased from 11.37 to 11.51. At the same time, the
PCR-OI of Nifty has decreased from 1.13 levels to 1.09.
Few of the liquid counters where we have seen high cost
of carry are ADANIPORTS, AJANTPHARM, INFIBEAM,
IBREALEST and ICIL.
Views
FIIs were net sellers in cash market segment to the tune
OI Gainers
of Rs.1171 crores. While, in index futures they were net
OI
PRICE
buyers of worth Rs. 470 crores with rise in open interest,
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
indicating decent amount of fresh long formation in
BRITANNIA
441000
12.96
4126.40
1.55
previous trading session.
UBL
1344700
6.19
828.25
-0.83
In index options segment, they bought significantly of
TORNTPHARM
238800
5.48
1226.20
-0.32
Rs. 2456 crores with rise in open interest. In call option,
INFIBEAM
4381600
4.58
1368.40
-5.38
9900-10000 strikes continue adding good amount of
BHEL
34310000
4.54
125.90
-5.05
fresh positions; we believe these are short positions. On
RDEL
14715000
3.94
51.15
-7.00
the flip side, some build-up was seen in 9400-9600 and
BERGEPAINT
928400
3.69
248.05
-3.31
deep out the money strikes 9000 put option; followed by
GSFC
14251500
3.33
118.15
-3.27
good amount of unwinding in 10000 strike. Maximum
open interest in current series is now placed at 10100
OI Losers
call and 9800 put options.
OI
PRICE
Since past two trading session Nifty has been correcting
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
from its support zone of 9950-9975 levels. FIIs continue
BEML
1738800
-15.98
1487.15
-8.51
putting put options in yesterday’s trading session and
IGL
877250
-15.83
1208.55
-2.18
they also hold good amount of shorts formed since
RAMCOCEM
530400
-14.78
667.65
-1.10
beginning of current series. Thus, looking at the above
INDIGO
1608600
-14.04
1237.95
-2.58
data, we believe market may remain under pressure
MUTHOOTFIN
2518500
-13.14
434.35
-5.23
going ahead, any bounce shall be an opportunity to buy
MRPL
8491500
-13.12
119.20
-7.24
index puts.
JETAIRWAYS
3542400
-12.84
561.10
-8.97
DLF
44820000
-12.77
164.65
-8.09
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TATAMTRDVR
50.35
NIFTY
1.09
0.91
TATAMOTORS
50.33
BANKNIFTY
0.50
0.74
NBCC
39.88
RELIANCE
0.57
0.69
MGL
40.01
ITC
0.32
0.29
RAYMOND
49.18
TATAMOTORS
0.33
0.54
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Technical & Derivatives Report
August 11, 2017
FII Statistics for August 10, 2017
Turnover on August 10, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2323.00
1852.33
470.66
291640
21875.70
4.47
263048
22107.24
26.14
FUTURES
FUTURES
INDEX
INDEX
73708.60
71252.98
2455.62
1071609
80642.39
2.15
11047307
1023105.98
64.31
OPTIONS
OPTIONS
STOCK
10266.33
9906.98
359.36
814596
54754.46
0.55
STOCK
FUTURES
898768
64512.89
20.06
FUTURES
STOCK
STOCK
9659.30
9906.18
(246.87)
125509
8957.07
7.63
627397
47659.50
21.21
OPTIONS
OPTIONS
Total
95957.23
92918.47
3038.76
2303354
166229.62
2.15
TOTAL
12836520
1157385.61
57.85
Nifty Spot = 9920.25
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9900
86.55
Buy
9800
88.85
37.90
62.10
9937.90
29.05
70.95
9770.95
Sell
10000
48.65
Sell
9700
59.80
Buy
9900
86.55
Buy
9800
88.85
62.50
137.50
9962.50
47.25
152.75
9752.75
Sell
10100
24.05
Sell
9600
41.60
Buy
10000
48.65
Buy
9700
59.80
24.60
75.40
10024.60
18.20
81.80
9681.80
Sell
10100
24.05
Sell
9600
41.60
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 11, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,743
1,760
1,787
1,804
1,831
ADANIPORTS
372
379
388
395
404
AMBUJACEM
261
264
269
272
277
ASIANPAINT
1,138
1,145
1,152
1,159
1,167
AUROPHARMA
634
660
691
717
748
AXISBANK
477
481
488
492
498
BAJAJ-AUTO
2,726
2,761
2,796
2,831
2,866
BANKBARODA
140
144
150
154
160
BPCL
459
470
483
494
506
BHARTIARTL
408
412
416
420
425
INFRATEL
374
378
383
387
392
BOSCHLTD
22,889
23,216
23,650
23,978
24,412
CIPLA
525
537
553
565
582
COALINDIA
235
237
240
242
244
DRREDDY
1,828
1,886
1,993
2,051
2,157
EICHERMOT
28,611
29,361
30,581
31,331
32,550
GAIL
347
356
369
378
391
HCLTECH
865
874
880
889
895
HDFCBANK
1,747
1,754
1,760
1,767
1,773
HDFC
1,669
1,690
1,719
1,740
1,769
HEROMOTOCO
3,815
3,852
3,899
3,936
3,982
HINDALCO
229
234
239
244
249
HINDUNILVR
1,156
1,163
1,174
1,181
1,191
IBULHSGFIN
1,117
1,137
1,157
1,177
1,197
ICICIBANK
249
269
281
301
313
IOC
394
402
412
420
429
INDUSINDBK
1,596
1,613
1,626
1,642
1,655
INFY
961
971
979
989
998
ITC
269
271
273
275
277
KOTAKBANK
975
986
994
1,005
1,014
LT
1,128
1,143
1,155
1,170
1,182
LUPIN
888
912
942
967
996
M&M
1,372
1,379
1,388
1,395
1,403
MARUTI
7,485
7,532
7,586
7,633
7,687
NTPC
167
170
172
175
177
ONGC
160
162
164
165
167
POWERGRID
212
215
218
221
225
RELIANCE
1,561
1,573
1,590
1,601
1,618
SBIN
287
292
297
302
307
SUNPHARMA
431
446
466
480
500
TCS
2,472
2,492
2,506
2,526
2,540
TATAMTRDVR
213
217
224
228
235
TATAMOTORS
358
369
386
397
415
TATAPOWER
75
76
77
78
79
TATASTEEL
589
597
606
613
622
TECHM
383
393
404
414
424
ULTRACEMCO
3,823
3,865
3,928
3,970
4,033
VEDANTA
285
292
298
305
310
WIPRO
284
286
288
290
291
YESBANK
1,694
1,712
1,728
1,746
1,762
ZEEL
481
501
522
541
562
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Technical & Derivatives Report
August 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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