Technical & Derivatives Report
September 13, 2017
Sensex (32159) / Nifty (10093)
Exhibit 1: Nifty Daily Chart
Once again, our markets kick-started on a strong note owing
to massive overnight rally in US bourses. During the initial
hour, index came off a bit from opening highs; but, it was
merely a gap filling activity as we saw sturdy move throughout
the remaining part of the day to end the session at day’s high
tad below the 10100 mark.
Monday’s move beyond previous hurdle of 9980 seems to be
the catalyst for yesterday’s decent move towards the
mentioned level of 10080. And looking at the close, it seems
that the index is heading towards the recent high of
10137.85. Despite this we still believe that the better option to
trade would be outside the index. The kind of moves we have
been witnessing in individual stocks since last few days is quite
mesmerizing. Hence, we would continue to focus on
individual stocks wherein the percentage wise moves are much
bigger. For the coming session, 10028 - 10000 should now
be considered as a key support zone.
Key Levels
Support 1 - 10028
Resistance 1 - 10138
Support 2 - 10000
Resistance 2 - 10155
Nifty Bank Outlook - (24785)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued its positive momentum and
ended yesterday's session with gains of 0.46 percent.
As mentioned in our previous report, the Nifty Bank index has
given a breakout post a consolidation phase of four week's
which has resulted in the continuation of the uptrend. The
stocks within the sector too are witnessing positive momentum
since last couple of trading sessions. Hence, we continue with
our positive outlook in the index and advise traders to trade
with a positive bias. The intraday supports for the Nifty Bank
index are placed around
24640 and
24500 whereas
resistance is seen in the range of 24980 - 25025.
Key Levels
Support 1 - 24640
Resistance 1 - 24980
Support 2 - 24500
Resistance 2 - 25025
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Technical & Derivatives Report
September 13, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.65%
BankNifty futures open interest has increased by 7.56%
as market closed at 10093.05 levels.
The Nifty September future closed with a premium of
14.85 points against the premium of 19.85 points in last
trading session. The October series closed at a premium
of 44 points.
The Implied Volatility of at the money options has
decreased from 10.44 to 9.37. At the same time, the
PCR-OI of Nifty has increased from 1.43 to 1.51.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, GMRINFRA, TV18BRDCST,
RCOM and ICIL.
Views
FIIs continue their selling streak in cash market segment,
they sold equities to the tune of Rs. 1231 crores. While,
OI Gainers
in index futures they sold of worth Rs. 299 crores with
OI
PRICE
SCRIP
OI
PRICE
rise in open interest, indicating formation of short
CHG. (%)
CHG. (%)
positions in previous trading session.
VOLTAS
3240000
29.50
564.05
5.00
In index options front, they were marginal sellers with rise
TORNTPHARM
306000
21.82
1210.35
1.20
in open interest. In Nifty options, out the money strikes
HAVELLS
4452000
18.72
508.65
2.07
10200-10500 added some fresh positions, followed by
INDIGO
1467600
17.20
1204.10
-1.47
unwinding in 9900 call option. On the flip side, huge
SHREECEM
30350
14.31
19000.95
0.89
amount of open interest addition was seen in
CHOLAFIN
443000
13.15
1195.35
1.55
9900-10100 put options along with unwinding in 9600
ACC
1679600
12.51
1853.95
2.71
and
9800 strikes. Maximum concentration of open
MANAPPURAM
35298000
12.51
110.80
1.98
interest has now shifted higher to 10200 call and 9900
put option.
OI Losers
Since the beginning of current series we are witnessing
OI
PRICE
SCRIP
OI
PRICE
good amount of open interest additions in both the
CHG. (%)
CHG. (%)
indices. Nifty has added mixed positions; while, in
JSWENERGY
60367000
-6.52
77.15
4.26
BankNifty good amount of longs were formed in recent
AJANTPHARM
612400
-5.61
1199.15
1.74
upmove. However, FIIs continue to curb liquidity through
INDUSINDBK
4690200
-5.42
1747.55
-2.28
equity segment. At the same time, they are forming
RAMCOCEM
582400
-5.33
744.05
0.47
shorts in index futures. Thus, the above data remains
AMARAJABAT
1593000
-5.11
800.50
1.67
unclear. Hence, traders are suggested to remain light in
BATAINDIA
2686200
-4.68
719.10
-0.43
index and prefer stock specific approach.
JPASSOCIAT
190536000
-3.98
22.10
0.68
TATACHEM
4731000
-3.49
633.95
2.08
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
DIVISLAB
67.56
NIFTY
1.51
1.37
KPIT
48.54
BANKNIFTY
1.21
0.98
VOLTAS
40.78
INFY
0.31
0.39
BHARATFORG
33.63
RELIANCE
0.69
0.86
NCC
44.70
SBIN
0.47
0.26
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Technical & Derivatives Report
September 13, 2017
FII Statistics for September 12, 2017
Turnover on September 12, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1041.49
1340.14
(298.66)
217060
16853.04
1.61
151213
12700.03
-16.51
FUTURES
FUTURES
INDEX
INDEX
35801.96
35820.04
(18.08)
984244
77227.14
2.80
4371869
390306.12
0.32
OPTIONS
OPTIONS
STOCK
6653.15
6441.89
211.26
796422
56851.04
1.04
STOCK
FUTURES
661619
50895.48
12.02
FUTURES
STOCK
STOCK
5638.31
5706.41
(68.10)
75545
5733.44
9.22
449397
36247.49
9.81
OPTIONS
OPTIONS
Total
49134.91
49308.49
(173.58)
2073271
156664.66
2.21
TOTAL
5634098
490149.13
1.54
Nifty Spot = 10093.05
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10100
82.45
Buy
10100
75.90
44.90
55.10
10144.90
30.25
69.75
10069.75
Sell
10200
37.55
Sell
10000
45.65
Buy
10100
82.45
Buy
10100
75.90
68.20
131.80
10168.20
46.95
153.05
10053.05
Sell
10300
14.25
Sell
9900
28.95
Buy
10200
37.55
Buy
10000
45.65
23.30
76.70
10223.30
16.70
83.30
9983.30
Sell
10300
14.25
Sell
9900
28.95
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
September 13, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,775
1,813
1,835
1,874
1,896
ADANIPORTS
383
386
388
391
393
AMBUJACEM
283
286
288
291
292
ASIANPAINT
1,227
1,242
1,251
1,266
1,275
AUROPHARMA
734
746
755
767
775
AXISBANK
488
492
497
501
506
BAJAJ-AUTO
2,901
2,918
2,933
2,950
2,965
BANKBARODA
135
139
141
144
146
BPCL
505
519
527
542
550
BHARTIARTL
394
400
403
409
412
INFRATEL
361
366
368
373
375
BOSCHLTD
21,747
21,928
22,084
22,266
22,421
CIPLA
536
548
556
568
575
COALINDIA
252
255
256
259
261
DRREDDY
2,104
2,135
2,166
2,197
2,228
EICHERMOT
32,155
32,408
32,554
32,807
32,953
GAIL
386
398
405
416
423
HCLTECH
852
858
862
869
873
HDFCBANK
1,810
1,822
1,831
1,844
1,853
HDFC
1,756
1,777
1,790
1,811
1,823
HEROMOTOCO
3,873
3,896
3,933
3,956
3,993
HINDALCO
247
249
252
254
257
HINDUNILVR
1,211
1,230
1,243
1,262
1,275
IBULHSGFIN
1,262
1,277
1,293
1,307
1,323
ICICIBANK
289
290
292
293
295
IOC
427
431
434
438
441
INDUSINDBK
1,694
1,718
1,761
1,785
1,828
INFY
875
879
884
888
892
ITC
273
275
277
279
280
KOTAKBANK
1,000
1,011
1,018
1,028
1,035
LT
1,213
1,222
1,228
1,236
1,242
LUPIN
970
976
982
988
994
M&M
1,269
1,285
1,295
1,311
1,321
MARUTI
8,078
8,116
8,154
8,192
8,230
NTPC
168
169
170
172
173
ONGC
160
161
162
163
164
POWERGRID
213
214
215
216
217
RELIANCE
814
819
822
827
830
SBIN
268
271
273
276
278
SUNPHARMA
465
474
480
489
495
TCS
2,441
2,465
2,481
2,505
2,521
TATAMTRDVR
214
218
220
225
227
TATAMOTORS
370
379
385
394
399
TATAPOWER
80
81
81
82
82
TATASTEEL
665
674
683
692
702
TECHM
430
436
440
446
450
ULTRACEMCO
4,151
4,186
4,209
4,244
4,267
VEDANTA
327
329
332
334
336
WIPRO
294
296
300
302
305
YESBANK
1,807
1,829
1,844
1,866
1,881
ZEEL
516
524
530
538
544
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Technical & Derivatives Report
September 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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