Technical & Derivatives Report
July 13, 2017
Sensex (31805) / Nifty (9816)
Exhibit 1: Nifty Daily Chart
Barring some small correction in the midst of the day, the
overall intraday activity was range bound with a positive bias.
Although, we did not see any major price action in index, the
stock specific action was so encouraging and as a result, the
Nifty eventually managed to close almost at the highest point
ever beyond the 9800 mark.
There is no respite for the market as we can see small intraday
dips getting bought into. Although, we are participating with
stock specific long ideas; the index still does not give any
comfort to change our cautious stance. We need to keep our
rigidity intact as we generally see such kind of euphoric moves
in the latter stage of any rally. Hence, it becomes very difficult
to give precise levels in such kind of extended moves. As far as
index view is concerned, we continue to remain cautious on
the market and would advise staying light in the market (index
specific longs should be booked). However having said that,
one should not be ignoring the kind of spectacular trading
opportunities individual stocks are offering.
On daily chart, the ‘Shooting Star’ pattern formed on Tuesday
remains intact and hence, going ahead,
9830
-
9850
continues to remain a strong hurdle for the index. On the
flipside, 9778 - 9700 would be seen as immediate support
levels.
Key Levels
Support 1 - 9778
Resistance 1 - 9830
Support 2 - 9700
Resistance 2 - 9850
Nifty Bank Outlook - (23696)
Exhibit 2: BankNifty Fut. Daily Chart
The Nifty Bank index opened on a flat note yesterday and
traded in a narrow range till noon. However, positive
momentum in the stocks within the sector in last hour led to an
upmove in the index too and the index ended the session near
the high of the day and posted gains of 0.55 percent.
The BankNifty Fut. index is approaching its resistance around
23891 (high of the Shooting Star pattern on the weekly chart).
However, there has been good stock specific momentum in
this week. Hence, as of now, we continue with our advice to
focus on stock specific moves and trade with proper risk
management. The intraday supports for the Nifty Bank index
are placed around 23545 and 23470 whereas resistances are
seen around 23891 and 24030.
Key Levels
Support 1 - 23545
Resistance 1 - 23891
Support 2 - 23470
Resistance 2 - 24030
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Technical & Derivatives Report
July 13, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.00%
BankNifty futures open interest has increased by 0.34%
as market closed at 9816.10 levels.
The Nifty July future closed with a premium of 6.25
points against the premium of 1.20 points in last trading
session. The August series closed at a premium of 35.55
points.
The Implied Volatility of at the money options has
increased from 9.41 to 9.61. At the same time, the PCR-
OI of Nifty has increased from 1.37 levels to 1.40.
Few of the liquid counters where we have seen high cost
of carry are UJJIVAN, SUZLON, IFCI, SOUTHBANK and
HDIL.
Views
FIIs were net buyers in cash market segment to the tune
of Rs. 361 crores. While, in Index futures they sold worth
Rs.
1286 crores with some rise in open interest,
OI Gainers
suggesting blend of long unwinding and fresh short
OI
PRICE
formation in previous trading session.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
In index options front, they were net sellers of Rs. 135
CHENNPETRO
906000
63.24
395.30
9.50
crores with significant rise in open interest. In call option,
MGL
718200
41.99
1007.85
1.99
some build-up was seen in 9900 strike, followed by
PTC
15296000
26.20
111.15
10.16
unwinding in deep-out-the-money call 8600 and 8700.
REPCOHOME
353500
23.77
797.65
1.29
On the flip side, 9700 and 9800 put options added
SINTEX
30723000
23.48
29.65
12.95
decent positions; followed by unwinding in 9600 strike.
BIOCON
13705200
19.57
367.45
13.69
At present, maximum concentration of open interest has
MRPL
8329500
18.35
126.45
3.65
shifted higher to 10000 from 9800 call options; while, of
LICHSGFIN
5570400
14.47
729.35
0.09
put option remains intact in 9600 strike.
Nifty rallied more than 3% in current series but we hardly
OI Losers
saw any buying interest by stronger hands in index
OI
PRICE
futures segment. They preferred exiting from their existing
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
longs and formed fresh short positions in this up move;
TORNTPHARM
285600
-9.04
1311.05
-1.40
resulting their index futures ‘Long Short Ratio’ declining
VOLTAS
5076000
-7.78
472.20
2.01
from 82% to 69% during current series. However, they
UPL
6022800
-6.78
867.25
1.41
continue their buying streak in index call options. Due to
ICICIPRULI
1288300
-5.26
488.95
-0.37
significant open interest additions in 9600-9800 put
NIITTECH
915000
-5.13
577.20
-1.67
options, PCR-OI surged to 1.40 from 1.14 in July series.
ARVIND
5420000
-4.54
374.65
1.27
Such high PCR-OI is sign of concern as it suggests
IGL
1706650
-4.46
1125.55
0.23
market has entered the over-bought zone and may
CUMMINSIND
633000
-4.09
906.35
0.66
witness some correction in near term.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BIOCON
68.76
NIFTY
1.40
1.30
PTC
57.78
BANKNIFTY
1.40
0.91
CHENNPETRO
56.22
RELIANCE
0.63
0.44
SINTEX
79.74
INFY
0.60
0.77
EQUITAS
45.48
SBIN
0.70
0.58
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Technical & Derivatives Report
July 13, 2017
FII Statistics for July 12, 2017
Turnover on July 12, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1799.44
3085.82
(1286.38)
270747
20684.32
1.69
161846
13192.36
1.99
FUTURES
FUTURES
INDEX
INDEX
42977.27
43112.70
(135.43)
925062
70083.44
10.64
5329048
472720.03
25.70
OPTIONS
OPTIONS
STOCK
6590.87
6388.87
202.00
978084
67392.77
(0.82)
STOCK
FUTURES
581774
41921.50
-11.93
FUTURES
STOCK
STOCK
4344.89
4309.78
35.12
83645
6028.83
7.39
367210
27089.37
-15.64
OPTIONS
OPTIONS
Total
55712.48
56897.17
(1184.69)
2257538
164189.36
4.21
TOTAL
6439878
554923.26
18.39
Nifty Spot = 9816.10
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9800
87.30
Buy
9800
68.95
45.80
54.20
9845.80
30.15
69.85
9769.85
Sell
9900
41.50
Sell
9700
38.80
Buy
9800
87.30
Buy
9800
68.95
70.70
129.30
9870.70
46.60
153.40
9753.40
Sell
10000
16.60
Sell
9600
22.35
Buy
9900
41.50
Buy
9700
38.80
24.90
75.10
9924.90
16.45
83.55
9683.55
Sell
10000
16.60
Sell
9600
22.35
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
July 13, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,609
1,657
1,684
1,732
1,759
ADANIPORTS
370
372
374
376
377
AMBUJACEM
254
257
260
263
265
ASIANPAINT
1,118
1,126
1,132
1,139
1,145
AUROPHARMA
684
689
696
702
709
AXISBANK
501
504
507
510
513
BAJAJ-AUTO
2,749
2,767
2,793
2,811
2,836
BANKBARODA
159
161
163
165
166
BPCL
674
679
683
688
692
BHARTIARTL
390
394
398
401
406
INFRATEL
399
410
416
427
433
BOSCHLTD
23,707
23,947
24,098
24,338
24,489
CIPLA
534
537
540
543
547
COALINDIA
251
252
254
256
258
DRREDDY
2,641
2,665
2,693
2,718
2,746
EICHERMOT
27,811
28,035
28,182
28,405
28,552
GAIL
359
364
369
374
378
HCLTECH
840
847
853
860
865
HDFCBANK
1,648
1,665
1,675
1,691
1,701
HDFC
1,616
1,628
1,638
1,650
1,660
HEROMOTOCO
3,665
3,692
3,734
3,761
3,804
HINDALCO
197
199
201
202
204
HINDUNILVR
1,092
1,112
1,125
1,145
1,158
IBULHSGFIN
1,059
1,083
1,097
1,122
1,136
ICICIBANK
286
289
292
295
298
IOC
385
389
394
397
402
INDUSINDBK
1,554
1,566
1,573
1,585
1,593
INFY
961
967
974
980
987
ITC
324
326
330
333
336
KOTAKBANK
945
951
957
963
969
LT
1,723
1,731
1,744
1,752
1,765
LUPIN
1,127
1,134
1,143
1,150
1,159
M&M
1,362
1,369
1,383
1,390
1,404
MARUTI
7,416
7,446
7,466
7,496
7,515
NTPC
162
163
164
165
165
ONGC
158
161
163
165
168
POWERGRID
211
212
214
215
217
RELIANCE
1,484
1,497
1,511
1,525
1,539
SBIN
281
284
286
290
292
SUNPHARMA
556
559
563
566
570
TCS
2,398
2,419
2,451
2,472
2,504
TATAMTRDVR
271
272
274
276
278
TATAMOTORS
453
457
460
464
468
TATAPOWER
82
83
83
84
85
TATASTEEL
552
556
558
562
565
TECHM
382
385
387
390
392
ULTRACEMCO
4,132
4,162
4,181
4,210
4,229
VEDANTA
256
258
260
262
264
WIPRO
259
261
264
266
268
YESBANK
1,497
1,506
1,514
1,524
1,532
ZEEL
505
507
510
512
515
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Technical & Derivatives Report
July 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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