Technical & Derivatives Report
February 13, 2017
Sensex (28334) / Nifty (8794)
Exhibit 1: Nifty Daily Chart
During the week gone by, we witnessed a tug of war between
both the counterparties (the bulls and the bears) and eventually,
the bulls showed their dominance to keep the Nifty around the
8800 mark comfortably. Although, the index has been struggling
above 8800, one thing should be accepted pleasantly that every
attempt of intraday correction towards 8700 was getting bought
into. Hence, the daily close has been in the upper range on
several occasions during the week.
On the domestic front, despite not so favourable outcome from
the RBI Monetary policy on Wednesday, our market showed
reluctance of falling below the 8700 mark. Now, on weekly chart,
we can see a formation of ‘Dragonfly Doji’ pattern, which is not a
major reversal sign but indicates an uncertainty or pause in the
current trend. However, the pattern needs a confirmation and in
this case a sustainable move below 8715 would activate the
pattern, which may eventually lead to extended profit booking
towards 8650 - 8610 levels. On the other hand, the undertone
remains strongly bullish and we expect the index to move towards
our all time highs quite soon. Before this, 8820 - 8893 would be
seen as immediate support levels in the forthcoming week.
Traders are repeatedly advised to keep following individual stocks
to form positional trades on the long side.
Key Levels
Support 1 - 8715
Resistance 1 - 8820
Support 2 - 8650
Resistance 2 - 8893
Nifty Bank Outlook - (20214)
Exhibit 2: Nifty Bank Daily Chart
On Friday, the Nifty Bank index traded in a narrow range of 143
points and ended the session with marginal gains of
0.31
percent. Infact, the entire week gone by was a week of
consolidation for the Nifty Bank index too.
As the Nifty Bank index traded range-bound during last week, it
has formed a 'Doji' candlestick pattern on the weekly chart.
Although, the broader term trend for the index is up and hence
we interpret this as a consolidation within an uptrend. As far as
the index is concerned, the downside seems to be very limited as
the index is undergoing a time-wise corrective phase. Post this
consolidation, we expect the index to resume its broader degree
uptrend and head higher. Hence, traders are advised to use
corrective dips as buying opportunities and trade with positive
bias. The near-term support for the Nifty bank index is placed in
the range of 19915-19848 whereas resistances are seen around
20330 and 20410.
Key Levels
Support 1 - 19915
Resistance 1 - 20330
Support 2 - 19848
Resistance 2 - 20410
www.angelbroking.com
Technical & Derivatives Report
February 13, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.04%
BankNifty futures open interest has decreased by 2.38%
as market closed at 8793.55 levels.
The Nifty February future closed with a premium of
15.80 points against the premium of 18.45 points in last
trading session. The March series closed at a premium of
46.40 points.
The Implied Volatility of at the money options has
decreased from 10.92% to 10.37%. At the same time,
the PCR-OI of Nifty has remained unchanged at 1.12
levels.
The total OI of the market is Rs. 3,04,537/- cr. and the
stock futures OI is Rs. 88,7961/- cr.
Few of the liquid counters where we have seen high cost
of carry are IBREALEST, JPASSOCIAT, GMRINFRA, IDBI
and ADANIPOWER.
Views
OI Gainers
FIIs were net buyers in both equity cash and index futures
OI
PRICE
segment on Friday. They bought equities worth Rs. 505
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
crores. While, they were buyer in index futures to the tune
OFSS
301050
14.49
3719.65
0.79
of Rs. 243 crores with marginal change in open interest,
POWERGRID
18552000
11.14
199.70
-1.09
indicating blend of long build-up and short covering in
PTC
17472000
8.28
91.65
3.68
previous trading session; but, the quantum was low.
SAIL
59364000
7.68
62.00
-5.92
In index options segment, FIIs were buyer worth Rs. 852
TATACOMM
6603800
7.45
755.05
-2.77
crores with rise in open interest. In call options, 9000 -
SBIN
77880000
7.27
277.35
0.36
8950 strikes added fresh positions; followed by
APOLLOTYRE
14541000
7.19
183.15
-0.46
unwinding in 8700 strike. On the other hand, in put
HINDZINC
9440000
6.88
314.35
-1.07
options, we saw OI addition in 8700 strike. Highest open
interest in current series is placed at 9000 call and 8500
OI Losers
put option.
OI
PRICE
Last week, Nifty traded in a narrow range; wherein, we
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
didn’t see any notable change in derivative data of Nifty.
BATAINDIA
3711400
-14.97
496.05
-2.98
However, FIIs has started taking long positions in index
MINDTREE
3180000
-10.83
466.70
1.60
future segment from last three sessions. Also, their longs
TORNTPOWER
3045000
-10.10
208.80
-0.22
formed in preceding weeks are still intact. At the same
ABIRLANUVO
2392800
-9.76
1485.25
3.00
time, FIIs’ buying in cash market segment from last two
PAGEIND
46500
-9.71
14469.75
1.66
sessions is a positive sign for the market. Considering
UNIONBANK
30640000
-8.77
142.85
-3.45
current derivative data and FIIs’ activity, Nifty seems to
MCLEODRUSS
3423000
-7.91
172.70
0.73
be poised for further up move. Thus, we advise traders to
SOUTHBANK
40590000
-5.78
22.85
-0.65
trade with positive bias.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SAIL
46.31
NIFTY
1.12
0.97
AUROPHARMA
39.06
BANKNIFTY
0.89
0.83
TCS
34.34
SBIN
0.61
0.57
MCDOWELL-N
44.95
ICICIBANK
0.54
0.54
BATAINDIA
32.77
INFY
0.63
0.47
www.angelbroking.com
Technical & Derivatives Report
February 13, 2017
FII Statistics for February 10, 2017
Turnover on February 10, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1490.39
1247.51
242.88
309646
21117.41
0.56
161614
11714.44
-46.30
FUTURES
FUTURES
INDEX
INDEX
28600.86
27749.32
851.54
1165756
79261.88
3.45
2739375
199213.44
-74.75
OPTIONS
OPTIONS
STOCK
7512.52
7436.72
75.80
1049655
70009.93
0.62
STOCK
FUTURES
561696
40451.21
-12.07
FUTURES
STOCK
STOCK
5384.80
5659.18
(274.38)
103097
7295.26
4.25
422520
31543.88
4.33
OPTIONS
OPTIONS
TOTAL
42988.57
42092.72
895.85
2628154
177684.48
1.99
TOTAL
3885205
282922.97
-68.10
Nifty Spot = 8793.55
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8800
73.20
Buy
8800
67.05
41.90
58.10
8841.90
32.45
67.55
8767.55
Sell
8900
31.30
Sell
8700
34.60
Buy
8800
73.20
Buy
8800
67.05
61.80
138.20
8861.80
49.35
150.65
8750.65
Sell
9000
11.40
Sell
8600
17.70
Buy
8900
31.30
Buy
8700
34.60
19.90
80.10
8919.90
16.90
83.10
8683.10
Sell
9000
11.40
Sell
8600
17.70
Note: Above mentioned Bullish or Bearish Spreads in Nifty (February Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
Technical & Derivatives Report
February 13, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,464
1,475
1,486
1,498
1,509
ADANIPORTS
301
306
310
315
319
AMBUJACEM
233
235
238
241
244
ASIANPAINT
979
986
998
1,005
1,016
AUROPHARMA
658
669
687
697
716
AXISBANK
483
486
489
492
496
BAJAJ-AUTO
2,757
2,779
2,796
2,818
2,835
BANKBARODA
181
185
188
191
194
BHEL
155
156
158
160
161
BPCL
699
707
720
728
741
BHARTIARTL
352
355
358
360
363
INFRATEL
308
313
318
323
328
BOSCH
21,985
22,333
22,724
23,071
23,462
CIPLA
567
573
584
590
600
COALINDIA
320
322
324
326
328
DRREDDY
2,929
2,953
2,993
3,017
3,058
EICHERMOT
23,645
23,829
23,950
24,133
24,254
GAIL
474
479
486
491
498
GRASIM
986
999
1,012
1,024
1,037
HCLTECH
806
817
824
835
841
HDFCBANK
1,293
1,298
1,303
1,309
1,314
HDFC
1,367
1,378
1,394
1,405
1,421
HEROMOTOCO
3,221
3,245
3,265
3,289
3,309
HINDALCO
178
180
183
185
188
HINDUNILVR
842
846
852
857
863
ICICIBANK
277
279
283
285
289
IDEA
109
110
111
112
113
INDUSINDBK
1,304
1,313
1,320
1,329
1,336
INFY
933
950
961
979
990
ITC
267
270
275
278
282
KOTAKBANK
764
771
779
786
794
LT
1,485
1,493
1,501
1,509
1,517
LUPIN
1,431
1,448
1,479
1,496
1,527
M&M
1,251
1,264
1,286
1,299
1,321
MARUTI
6,050
6,081
6,127
6,159
6,205
NTPC
167
169
170
172
173
ONGC
192
193
194
195
196
POWERGRID
195
198
202
204
208
RELIANCE
1,020
1,025
1,030
1,035
1,040
SBIN
270
273
278
281
286
SUNPHARMA
644
649
656
661
668
TCS
2,264
2,331
2,378
2,445
2,491
TATAMTRDVR
311
314
319
322
327
TATAMOTORS
502
506
510
514
519
TATAPOWER
80
81
82
83
84
TATASTEEL
456
462
467
473
478
TECHM
479
489
496
507
514
ULTRACEMCO
3,735
3,748
3,764
3,778
3,793
WIPRO
461
465
469
473
476
YESBANK
1,396
1,404
1,410
1,419
1,425
ZEEL
505
511
518
524
531
www.angelbroking.com
Technical & Derivatives Report
February 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]
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