Technical & Derivatives Report
January 13, 2017
Sensex (27247) / Nifty (8407)
Exhibit 1: Nifty Daily Chart
Although, we can see Nifty ending in the green, the overall
intraday movement was quite range bound and lethargic. The
index opened higher as indicated by the SGX Nifty and then
corrected marginally in initial trades. However, due to tail end
buying the benchmark index managed to regain strength to
reclaim the 8400 mark.
Clearly, the optimism continued in our markets, however, the
leading contributor (banking index) saw some profit booking at
higher levels and as a result, we did not see a strong intraday
rally similar to what witnessed a day before yesterday. However,
the undertone still remains bullish and we expect the Nifty to
gradually move towards our mentioned level of 8450. Going
forward, it must be noted that the Nifty has already given a
spectacular rally of 500 point in a short span and thus, we expect
some consolidation with a positive bias. On the other hand, 8350
and previous resistance of 8300 would now be seen as a strong
support zone for the index. At current juncture, traders are
advised to follow stock centric approach as they may fetch higher
returns as compared to the index.
Key Levels
Support 1 - 8350
Resistance 1 - 8450
Support 2 - 8300
Resistance 2 - 8510
Nifty Bank Outlook - (18874)
Exhibit 2: Nifty Bank Daily Chart
Yesterday, the Nifty Bank opened with marginal gains and
remained sideways throughout the session. Eventually, the
lethargic and range-bound session ended with gains of 0.23
percent over its previous close.
The Nifty Bank index closed around the opening levels in
yesterday’s session and thus formed a ‘Doji’ candle on daily
chart. If the banking index breach yesterday’s low of 18808, then
we may see some consolidation in upcoming session. Since, there
is no sign of reversals seen on chart, the Nifty Bank index may
move towards 19275 levels, which is 61.80% retracement level of
previous down move from 20309.65 to 17606.90. Thus, traders
are advised to trade with positive bias. On the flipside, immediate
support for the index is placed at 18800 and 18600 levels.
Key Levels
Support 1 - 18800
Resistance 1 - 19040
Support 2 - 18600
Resistance 2 - 19275
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Technical & Derivatives Report
January 13, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 6.68%
BankNifty futures open interest has increased by 3.46%
as market closed at 8407.20 levels.
The Nifty January future closed with a premium of 10.80
points against the premium of 5.25 points in last trading
session. The February series closed at a premium of
35.75 points.
The Implied Volatility of at the money options has
decreased from 12.38% to 11.53%. At the same time,
the PCR-OI of Nifty has increased from 1.17 to 1.22
levels.
The total OI of the market is Rs. 2,89,492/- cr. and the
stock futures OI is Rs. 76,522/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, DCBBANK, ADANIPOWER, IFCI
and JPASSOCIAT.
Views
OI Gainers
FIIs activity in equity cash segment remained subdued in
OI
PRICE
yesterday's session. While, in index futures, they bought
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
to the tune of Rs. 1052 crores with significant rise in
OIL
2710136
29.08
345.55
1.60
open interest, indicating formation of long positions in
NHPC
43443000
26.20
28.35
5.98
yesterday’s session.
DCBBANK
3600000
17.65
119.85
2.66
In index option segment, FIIs sold worth Rs. 302 crores
NTPC
18584000
16.41
174.25
5.80
with rise in open interest. In call options, 8500 and 8600
TATACOMM
6330800
15.47
674.90
5.97
strikes added fresh positions; followed by some
BIOCON
3378000
12.78
1008.65
0.31
unwinding in ‘in the money strikes’ viz 8200, 8300 and
TORNTPOWER
3306000
11.88
186.80
3.84
8400. On the other hand, in put options, huge build-up
TATAPOWER
26037000
10.13
79.55
3.11
was seen in 8200 - 8400 strikes. At Current juncture,
highest open interest in call option has shifted from 8400
OI Losers
to 8500 strike, while it remains intact 8000 put option.
OI
PRICE
In last couple of sessions, the FIIs has formed decent
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
amount of fresh long positions in index and stock futures.
CENTURYTEX
8208200
-6.93
820.40
-2.78
While, they continue to write 8200 - 8400 put options
PETRONET
4822500
-5.47
371.95
1.21
from last few sessions. Taking in to consideration last few
PNB
55034000
-5.35
124.85
1.34
days data, we believe 8300 may act as an immediate
BHARATFIN
9796000
-4.84
664.20
0.81
support for market. Thus, traders are advised to hold
JINDALSTEL
57402000
-4.78
80.80
-1.76
their existing long positions and trade with a positive
ICICIBANK
50205000
-4.70
268.40
1.15
bias.
MRF
35985
-4.69
55004.80
-0.81
AJANTPHARM
342400
-4.68
1798.70
-0.67
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
NHPC
47.73
NIFTY
1.22
1.23
NTPC
32.34
BANKNIFTY
1.18
0.90
OIL
31.21
INFY
0.88
0.83
TATACOMM
42.06
TCS
1.14
0.94
POWERGRID
32.27
SBIN
0.53
0.40
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Technical & Derivatives Report
January 13, 2017
FII Statistics for January 11, 2017
Turnover on January 11, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2496.50
1444.86
1051.63
235437
15304.74
9.78
195309
13300.48
-20.96
FUTURES
FUTURES
INDEX
INDEX
39818.22
40120.49
(302.27)
1032553
66585.54
3.49
7098940
515970.53
16.27
OPTIONS
OPTIONS
STOCK
7599.99
6672.64
927.35
881417
55778.22
1.53
STOCK
FUTURES
546634
36662.87
-12.57
FUTURES
STOCK
STOCK
4302.07
4225.91
76.16
86530
5763.16
13.14
399445
27258.56
-9.21
OPTIONS
OPTIONS
TOTAL
54216.77
52463.90
1752.87
2235937
143431.66
3.67
TOTAL
8240328
593192.45
11.38
Nifty Spot = 8407.20
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8400
81.10
Buy
8400
67.60
46.15
53.85
8446.15
30.75
69.25
8369.25
Sell
8500
34.95
Sell
8300
36.85
Buy
8400
81.10
Buy
8400
67.60
69.40
130.60
8469.40
47.60
152.40
8352.40
Sell
8600
11.70
Sell
8200
20.00
Buy
8500
34.95
Buy
8300
36.85
23.25
76.75
8523.25
16.85
83.15
8283.15
Sell
8600
11.70
Sell
8200
20.00
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 13, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,316
1,329
1,345
1,358
1,374
ADANIPORTS
284
289
294
298
303
AMBUJACEM
211
212
215
217
220
ASIANPAINT
920
927
933
940
946
AUROPHARMA
670
682
691
703
712
AXISBANK
448
451
456
460
465
BAJAJ-AUTO
2,694
2,715
2,729
2,751
2,765
BANKBARODA
156
158
159
160
162
BHEL
125
126
128
129
131
BPCL
650
655
662
666
673
BHARTIARTL
317
319
322
325
328
INFRATEL
351
355
358
362
365
BOSCH
20,910
21,180
21,375
21,644
21,840
CIPLA
560
573
580
594
601
COALINDIA
306
310
314
318
322
DRREDDY
2,914
2,961
2,990
3,037
3,066
EICHERMOT
22,428
22,627
22,984
23,184
23,541
GAIL
436
439
444
447
452
GRASIM
844
850
857
863
870
HCLTECH
823
835
843
855
862
HDFCBANK
1,217
1,226
1,235
1,244
1,253
HDFC
1,202
1,211
1,227
1,237
1,253
HEROMOTOCO
3,046
3,065
3,088
3,107
3,131
HINDALCO
170
173
176
180
182
HINDUNILVR
812
819
831
838
850
ICICIBANK
264
266
268
270
272
IDEA
70
71
73
74
76
INDUSINDBK
1,194
1,207
1,221
1,234
1,248
INFY
967
984
994
1,010
1,021
ITC
242
243
246
247
249
KOTAKBANK
718
723
728
733
737
LT
1,399
1,424
1,439
1,464
1,480
LUPIN
1,463
1,477
1,499
1,513
1,535
M&M
1,195
1,204
1,220
1,229
1,245
MARUTI
5,718
5,748
5,771
5,801
5,824
NTPC
161
167
171
177
181
ONGC
197
198
200
201
203
POWERGRID
186
192
196
202
206
RELIANCE
1,074
1,079
1,084
1,089
1,095
SBIN
248
250
252
254
256
SUNPHARMA
622
634
640
651
658
TCS
2,280
2,312
2,336
2,368
2,392
TATAMTRDVR
319
322
326
329
333
TATAMOTORS
508
513
518
524
529
TATAPOWER
76
77
79
81
82
TATASTEEL
439
443
447
451
455
TECHM
465
473
480
488
495
ULTRACEMCO
3,302
3,327
3,361
3,386
3,420
WIPRO
471
477
481
487
491
YESBANK
1,304
1,315
1,329
1,340
1,355
ZEEL
467
472
479
483
490
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Technical & Derivatives Report
January 13, 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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