Technical & Derivatives Report
June 12, 2017
Sensex (31262) / Nifty (9668)
Exhibit 1: Nifty Daily Chart
During the week gone by, the Nifty index traded in a narrow
range and hence, has formed a narrow candle on the weekly
chart.
For the second consecutive week, our markets continued their
consolidation phase and remained within a narrow range of
merely 100 points on Nifty. Due to such lackluster movement, the
chart structure more or less remains unchanged. With a near term
view, we are a bit cautious on the market after a relentless rally of
five months. The key retracement ratios are converging in a band
of 100 points i.e. 9620 - 9720 and hence, we continue with our
advise to lighten up long positions in the mentioned zone.
Although, the broader degree chart structure remains sturdy, we
believe that the much awaited correction is now in the offing. For
the coming week, 9608 - 9581 would be seen as an immediate
support zone.
Key Levels
Support 1 - 9620
Resistance 1 - 9700
Support 2 - 9581
Resistance 2 - 9720
Nifty Bank Outlook - (23691)
Exhibit 2: Nifty Bank Daily Chart
In Friday's trading session, the Nifty Bank index opened
marginally lower and started moving higher from the initial
trades. The index crept higher throughout the session and ended
the day at its all-time high, registering gains of 0.66 percent over
its previous day's close.
During last week, the Nifty Bank traded with positive bias as the
index gained 1.35 percent for the week. The upmove has been
supported by the private sector heavyweights, which constitute
majority of the index constituents. On the other hand, the PSU
banking space has been witnessing consolidation phase.
However, since the index is trading near its resistances as per the
reciprocal retracement theory, we continue with our advise to
book profit on the long positions, if any. It would be prudent for
traders to focus on stock specific moves as they could provide
better trading opportunities. For near term, supports for the index
are placed around 23470 and 23300 whereas resistance is seen
in the range of 23900 - 24000.
Key Levels
Support 1 - 23470
Resistance 1 - 23900
Support 2 - 23300
Resistance 2 - 24000
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Technical & Derivatives Report
June 12, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.46%
BankNifty futures open interest has decreased by 0.02%
as market closed at 9668.25 levels.
The Nifty June future closed with a premium of 14.65
points against the premium of 22.45 points in last
trading session. The July series closed at a premium of
33.95 point.
The Implied Volatility of at the money options has
decreased from 8.98% to 8.17%. At the same time, the
PCR-OI of Nifty has increased from 1.19 to 1.21 levels.
Few of the liquid counters where we have seen high cost
of carry are RCOM, JPASSOCIAT, IFCI, CHOLAFIN and
SAIL.
Views
On Friday, FIIs were net sellers in both cash market and
index future segment. They sold equities worth
OI Gainers
Rs. 101 crores; while in index futures, they were sellers to
OI
PRICE
SCRIP
OI
PRICE
the tune of Rs. 1030 crores with good amount of rise in
CHG. (%)
CHG. (%)
open interest, indicating formation of short positions in
HDIL
33112000
18.90
88.40
-0.79
previous trading session.
RAMCOCEM
405600
17.36
717.95
0.80
On Index Options front, FIIs' were net buyers of
NHPC
24273000
17.06
33.45
5.85
Rs. 1489 crores with rise in open interest. In call options,
HCC
14616000
12.88
44.05
2.68
we hardly saw any relevant buildup. However, some
DJIA
16740
12.73
21227.50
0.13
unwinding was visible in 9800 call option. On the flip
CANFINHOME
494250
10.57
2997.05
3.40
side, 9600 put option remained active and also added
CHOLAFIN
334500
10.03
1050.30
1.05
some fresh positions. Highest open interest in current
APOLLOTYRE
13512000
8.87
256.25
-0.18
series is placed at 9700 call and 9500 put options.
The Nifty concluded the week with marginal gains over
OI Losers
its previous weekly close. In addition, open interest
OI
PRICE
SCRIP
OI
PRICE
activity in Nifty futures also remained subdued. During
CHG. (%)
CHG. (%)
the week, FIIs added some shorts in Index Futures along
GODREJIND
1726500
-7.25
625.95
2.14
with some Index Put longs. However, longs formed by
PAGEIND
27100
-6.07
16171.10
3.35
them in last series are also intact. Thus, unless we don’t
PVR
421600
-5.81
1476.75
0.96
see any meaningful follow-up shorting or profit booking
KPIT
5596000
-5.73
118.30
2.11
from stronger hands, we are not pre-empting any major
ORIENTBANK
23250000
-5.69
150.50
0.74
correction in the index. However, we would suggest
TVSMOTOR
6520000
-5.37
554.85
1.58
traders to remain light in index and focus on individual
DLF
36285000
-4.70
186.10
4.85
stocks in order to fetch higher returns.
IBREALEST
24790000
-4.65
177.50
4.72
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
NHPC
41.68
NIFTY
1.21
1.02
MARUTI
24.96
BANKNIFTY
1.42
1.09
UBL
34.65
RELIANCE
0.52
0.40
PEL
49.34
SBIN
0.64
0.42
PAGEIND
37.91
SUNPHARMA
0.42
0.43
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Technical & Derivatives Report
June 12, 2017
FII Statistics for June 09, 2017
Turnover on June 09, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
869.62
1899.34
(1029.72)
302872
22671.13
4.53
165713
13225.11
39.08
FUTURES
FUTURES
INDEX
INDEX
29994.10
28505.59
1488.51
868005
64452.68
2.85
3040571
249647.21
-61.87
OPTIONS
OPTIONS
STOCK
6965.86
6955.08
10.78
1109942
73488.61
0.32
STOCK
FUTURES
569794
42042.06
4.29
FUTURES
STOCK
STOCK
5202.93
5158.76
44.17
101631
7175.81
5.77
366162
27893.86
9.56
OPTIONS
OPTIONS
TOTAL
43032.51
42518.77
513.74
2382450
167788.22
1.98
TOTAL
4142240
332808.25
-54.41
Nifty Spot = 9668.25
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9700
71.60
Buy
9700
87.75
39.50
60.50
9739.50
36.85
63.15
9663.15
Sell
9800
32.10
Sell
9600
50.90
Buy
9700
71.60
Buy
9700
87.75
59.25
140.75
9759.25
57.55
142.45
9642.45
Sell
9900
12.35
Sell
9500
30.20
Buy
9800
32.10
Buy
9600
50.90
19.75
80.25
9819.75
20.70
79.30
9579.30
Sell
9900
12.35
Sell
9500
30.20
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
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Technical & Derivatives Report
June 12, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,590
1,604
1,615
1,629
1,640
ADANIPORTS
347
353
357
364
367
AMBUJACEM
230
233
234
237
238
ASIANPAINT
1,123
1,139
1,149
1,165
1,174
AUROPHARMA
592
600
606
614
620
AXISBANK
506
510
513
517
520
BAJAJ-AUTO
2,813
2,839
2,859
2,886
2,906
BANKBARODA
171
173
174
175
177
BPCL
688
696
704
712
719
BHARTIARTL
364
366
368
371
373
INFRATEL
374
378
382
386
389
BOSCHLTD
23,528
23,696
23,809
23,977
24,090
CIPLA
540
546
551
556
561
COALINDIA
259
260
262
264
266
DRREDDY
2,579
2,604
2,627
2,652
2,675
EICHERMOT
29,180
29,472
29,664
29,956
30,147
GAIL
373
377
383
387
392
HCLTECH
847
854
863
870
880
HDFCBANK
1,629
1,648
1,659
1,678
1,689
HDFC
1,610
1,629
1,639
1,657
1,668
HEROMOTOCO
3,734
3,757
3,779
3,802
3,824
HINDALCO
194
198
200
205
207
HINDUNILVR
1,082
1,088
1,097
1,104
1,112
IBULHSGFIN
1,139
1,147
1,154
1,162
1,169
ICICIBANK
313
318
320
325
327
IOC
412
416
420
424
428
INDUSINDBK
1,501
1,514
1,526
1,539
1,551
INFY
913
931
941
959
969
ITC
300
303
308
311
316
KOTAKBANK
971
978
983
990
994
LT
1,752
1,765
1,775
1,788
1,797
LUPIN
1,139
1,150
1,163
1,173
1,187
M&M
1,405
1,416
1,425
1,436
1,446
MARUTI
7,141
7,303
7,392
7,554
7,643
NTPC
155
156
158
159
161
ONGC
166
168
169
171
173
POWERGRID
205
206
207
208
209
RELIANCE
1,318
1,327
1,340
1,349
1,362
SBIN
284
286
288
290
292
SUNPHARMA
515
520
527
532
539
TCS
2,452
2,480
2,513
2,541
2,575
TATAMTRDVR
281
286
289
294
297
TATAMOTORS
450
459
463
472
476
TATAPOWER
77
77
78
79
80
TATASTEEL
491
499
504
512
516
TECHM
378
382
389
394
401
ULTRACEMCO
4,017
4,065
4,099
4,146
4,181
VEDANTA
227
236
241
250
255
WIPRO
525
531
538
543
550
YESBANK
1,464
1,476
1,488
1,500
1,511
ZEEL
516
519
522
525
528
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Technical & Derivatives Report
June 12, 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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