Technical & Derivatives Report
April 13, 2017
Sensex (29643) / Nifty (9203)
Exhibit 1: Nifty Hourly Chart
Once again, despite having unfavorable global cues, our markets
opened on a flat note and it was clearly poised for an up move.
But as everyone knows, market is not as easy as it looks. We
witnessed a sudden nosedive in the market immediately post first
15 minutes of trade. The Nifty cracked nearly 80 points in a span
of half an hour. However, the index somehow managed to hold
its ground and gave a decent recovery throughout the remaining
part of the day to conclude tad above the 9200 mark.
Yesterday’s session was almost a nightmare for day traders as the
market behaved like a double-edged sword throughout the day.
At one point, things were looking extremely scary considering the
velocity at which it fell in the initial hour; but, once again, the
hourly ’89 EMA’ provided a rock solid for our market. Now, if we
meticulously assess past couple of day’s price action, one thing is
quite clear now. The Nifty is likely to continue its near term
upward bias as long as it maintains its position above the hourly
’89-EMA’ level of 9172 on a closing basis. Only a breach of this
crucial support would result into loss of momentum and in this
scenario, we could see Nifty retesting lower levels of 9130 -
9100. However till then, the positivity continues in the market and
in fact, we could see a strong buying interest coming into the
market after surpassing the intraday trend line level of 9247 to
extend the rally first towards 9274 and then beyond the 9300
mark.
Key Levels
Support 1 - 9172
Resistance 1 - 9247
Support 2 - 9130
Resistance 2 - 9274
Nifty Bank Outlook - (21667)
Exhibit 2: Nifty Bank Daily Chart
In yesterday's trading session, the Nifty Bank index traded in a
narrow range and ended the session with a marginal loss of 0.32
percent.
Although the index traded in a narrow range the overall market
breadth was negative, which is the sign of a consolidation phase.
Nevertheless, the index has not shown any signs of reversal and
hence, traders should avoid anticipating any reversal of the trend.
The '20 DEMA' has acted as a firm support in last few months
which is now placed around 21300. Hence, short term traders
can trail their stop loss higher to 21300 on their existing long
positions. The broader trend continues to remain positive and
hence, we continue to maintain our optimistic view. The intraday
supports for the Nifty Bank index are placed in the range of
21422 - 21396 whereas resistances are seen around 21793 and
22000.
Key Levels
Support 1 - 21422
Resistance 1 - 21793
Support 2 - 21396
Resistance 2 - 22000
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Technical & Derivatives Report
April 13, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.34%
BankNifty futures open interest has decreased by 0.63%
as market closed at 9203.45 levels.
The Nifty April future closed with a premium of 19.75
points against the premium of 27.45 points in last
trading session. The May series closed at a premium of
41.60 points.
The Implied Volatility of at the money options has
increased from 9.92% to 10.30%. At the same time, the
PCR-OI of Nifty has decreased from 1.11 to 1.10 levels.
The total OI of the market is Rs. 3,07,482/- cr. and the
stock futures OI is Rs. 1,00,304/- cr.
Few of the liquid counters where we have seen high cost
of carry are INFIBEAM, JSWENERGY, IFCI, SOUTHBANK
and CAPF.
Views
Yesterday, FIIs were net sellers in both cash market
OI Gainers
segment and index futures. They sold equities worth
OI
PRICE
Rs. 580 crores. While, in index futures they were net
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
sellers to the tune of Rs. 435 crores with some rise in
SUZLON
225720000
36.45
19.95
1.27
open interest, suggesting fresh short formation in
CAPF
902400
23.14
798.30
2.23
previous trading session.
INDIANB
1428000
15.53
264.35
-4.17
In index options, FIIs were net buyers of Rs. 1786 crores
TATASTEEL
27634000
9.09
479.70
-2.04
with some rise in open interest. In call option,
9300
SRTRANSFIN
1970400
8.89
1072.30
-1.66
followed by 9200 strikes added fresh positions. At the
RELIANCE
19076000
8.87
1360.70
-1.40
same time, decent amount of unwinding was also
RELCAPITAL
14076000
8.51
612.00
-1.90
witnessed in 9500 call option which led highest open
RDEL
10836000
7.60
65.40
-5.01
interest in call options shifting towards 9300 strike. On
the flip side, 8900 put strikes added decent amount of
OI Losers
open interest, followed by decent unwinding in 9000 and
OI
PRICE
9200 put options. Highest open interest in put option
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
remains intact at 9000 strike price.
ADANIPOWER
127780000
-16.73
33.90
-8.99
Yesterday, FIIs formed fresh shorts in index futures and
ESCORTS
894300
-10.66
546.45
-0.99
they also bought some put options; however, the
DALMIABHA
284700
-10.13
2169.65
0.12
quantum wasn’t significant. Despite, market being under
IBREALEST
25480000
-7.91
98.90
7.73
pressure huge longs formed in index futures in last
NCC
26000000
-7.09
88.60
-1.45
couple of months is still intact. Hence, until we don’t see
ABIRLANUVO
3352800
-7.06
1557.80
-0.50
any major follow-up selling in index futures from FIIs
MUTHOOTFIN
1248000
-6.41
384.15
-1.17
desk, we continue maintaining our optimistic stance on
CEATLTD
1913800
-6.40
1416.55
-1.83
market.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
IBREALEST
60.58
NIFTY
1.10
0.99
ADANIENT
48.66
BANKNIFTY
1.15
0.85
BOSCHLTD
22.90
RELIANCE
0.50
0.49
KPIT
20.88
INFY
0.64
0.81
RDEL
52.99
SBIN
0.57
0.64
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Technical & Derivatives Report
April 13, 2017
FII Statistics for April 12, 2017
Turnover on April 12, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1471.04
1906.26
(435.22)
319672
22740.79
2.12
251212
19022.65
38.85
FUTURES
FUTURES
INDEX
INDEX
37578.75
35792.59
1786.16
871177
61339.68
1.45
6135123
496922.69
58.97
OPTIONS
OPTIONS
STOCK
6835.06
6940.36
(105.29)
1177446
80128.24
(0.35)
STOCK
FUTURES
659763
50951.03
-2.35
FUTURES
STOCK
STOCK
6185.96
6237.79
(51.83)
87589
6422.55
7.76
428632
33592.31
1.33
OPTIONS
OPTIONS
TOTAL
52070.81
50877.00
1193.81
2455884
170631.26
0.87
TOTAL
7474730
600488.68
45.89
Nifty Spot = 9203.45
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9200
89.25
Buy
9300
118.00
47.60
52.40
9247.60
49.80
50.20
9250.20
Sell
9300
41.65
Sell
9200
68.20
Buy
9200
89.25
Buy
9300
118.00
73.90
126.10
9273.90
79.65
120.35
9220.35
Sell
9400
15.35
Sell
9100
38.35
Buy
9300
41.65
Buy
9200
68.20
26.30
73.70
9326.30
29.85
70.15
9170.15
Sell
9400
15.35
Sell
9100
38.35
Note: Above mentioned Bullish or Bearish Spreads in Nifty (April Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
April 13, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,461
1,478
1,493
1,510
1,525
ADANIPORTS
316
322
329
335
342
AMBUJACEM
243
246
249
252
256
ASIANPAINT
1,053
1,062
1,072
1,081
1,091
AUROPHARMA
643
650
655
662
667
AXISBANK
493
499
510
517
527
BAJAJ-AUTO
2,790
2,815
2,832
2,857
2,875
BANKBARODA
169
170
173
175
178
BPCL
689
703
712
727
736
BHARTIARTL
341
346
350
355
359
INFRATEL
344
355
364
376
384
BOSCHLTD
22,187
22,775
23,237
23,825
24,287
CIPLA
566
573
577
584
589
COALINDIA
286
288
290
292
294
DRREDDY
2,601
2,623
2,637
2,659
2,674
EICHERMOT
25,835
26,129
26,314
26,608
26,794
GAIL
370
374
381
385
392
GRASIM
1,034
1,053
1,073
1,093
1,113
HCLTECH
823
827
831
835
839
HDFCBANK
1,429
1,436
1,443
1,451
1,458
HDFC
1,451
1,459
1,468
1,475
1,484
HEROMOTOCO
3,188
3,207
3,220
3,240
3,252
HINDALCO
188
191
194
197
200
HINDUNILVR
915
920
923
927
930
IBULHSGFIN
910
923
933
947
957
ICICIBANK
274
277
282
285
289
IOC
401
405
410
414
419
INDUSINDBK
1,406
1,422
1,431
1,447
1,456
INFY
952
961
969
977
985
ITC
277
279
282
285
287
KOTAKBANK
869
874
879
884
889
LT
1,662
1,682
1,697
1,717
1,732
LUPIN
1,393
1,415
1,430
1,451
1,466
M&M
1,261
1,271
1,278
1,288
1,295
MARUTI
6,045
6,100
6,182
6,237
6,319
NTPC
162
163
166
167
170
ONGC
184
185
187
188
190
POWERGRID
193
195
198
201
204
RELIANCE
1,329
1,341
1,364
1,377
1,399
SBIN
285
288
292
294
298
SUNPHARMA
653
668
679
694
705
TCS
2,356
2,375
2,401
2,420
2,446
TATAMTRDVR
279
281
286
288
293
TATAMOTORS
456
460
466
470
476
TATAPOWER
83
84
85
87
88
TATASTEEL
465
471
482
488
499
TECHM
428
433
440
445
452
ULTRACEMCO
3,984
4,008
4,039
4,063
4,094
WIPRO
493
497
503
507
514
YESBANK
1,592
1,612
1,623
1,643
1,655
ZEEL
520
525
533
539
547
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Technical & Derivatives Report
April 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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