Technical & Derivatives Report
February 14, 2017
Sensex (28352) / Nifty (8805)
Exhibit 1: Nifty Daily Chart
Once again, for the fourth straight session, our markets opened
with an upside gap and failed to sustain at higher levels. Similar
to last few occasions, the Nifty corrected sharply post the initial
hour, however, one thing was notable yesterday that the Nifty
finally managed to register a close tad above the 8800 mark. At
the end, the Nifty ended the session with very negligible gains.
The consolidation continues in the market and honestly speaking,
this is the most frustrating part for momentum traders as the
market is closely lacking intraday direction and the range has
shrunk drastically in last 4 - 5 trading sessions. We can now
observe a series of narrow range bodies on daily chart. Thus,
going forward, we expect such boredom to continue in the market
during which the range remains at 8820 - 8715. Directionally,
the bias remains positive and considering the upward sloping ‘5
day EMA’, it’s a matter of time that we are heading towards our
all-time highs. In case of Nifty sustaining above 8820 on a
closing basis, we could see extension of this rally towards the next
milestone of 8900. On the downside, the support has now been
shifted higher towards 8754 - 8715. It’s advisable to follow stock
centric approach in order to fetch decent returns.
Key Levels
Support 1 - 8754
Resistance 1 - 8820
Support 2 - 8715
Resistance 2 - 8900
Nifty Bank Outlook - (20252)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index too continued its consolidation phase and
traded in a narrow range in yesterday's session. The index ended
the session with minuscule gains of 0.19 percent over its previous
session's close.
Although the Nifty Bank index consolidated in a narrow range,
the PSU Banking stocks saw decent profit booking which led to a
correction of 2.98 percent in the Nifty PSU Bank index yesterday.
However, the private sector stocks, which constitutes majority of
the Nifty Bank weightage, continued to consolidate in a range.
This indicates that there would be more of stock specific
momentum within the sector in near term until the index resumes
its uptrend. Hence, traders are advised to follow stock specific
strategies and follow strict money management on the trades. The
near term supports for the Nifty Bank index are placed around
20220 and 20070 whereas resistances are seen around 20575
and 20656.
Key Levels
Support 1 - 20220
Resistance 1 - 20575
Support 2 - 20070
Resistance 2 - 20656
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Technical & Derivatives Report
February 14, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.16%
BankNifty futures open interest has increased by 3.85%
as market closed at 8805.05 levels.
The Nifty February future closed with a premium of
10.30 points against the premium of 15.80 points in last
trading session. The March series closed at a premium of
41.25 points.
The Implied Volatility of at the money options has
increased from 10.37% to 10.94%. At the same time, the
PCR-OI of Nifty has remained unchanged at 1.12 levels.
The total OI of the market is Rs. 3,11,328/- cr. and the
stock futures OI is Rs. 89,094/- cr.
Few of the liquid counters where we have seen high cost
of carry are GRANULES, KTKBANK, INDIACEM,
NIITTECH and TATACOMM.
Views
OI Gainers
Yesterday, FIIs were net buyers in both equity cash and
OI
PRICE
index futures segment. They bought equities worth
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Rs. 307 crores. While in index futures, they were buyer to
SRF
811500
47.01
1598.00
-8.94
the tune of Rs. 754 crores with rise in open interest,
BANKBARODA
46182500
28.22
169.15
-10.19
indicating long formation in previous trading session.
CROMPGREAV
25332000
13.74
66.85
-6.44
In index option segment, FIIs were buyer worth Rs. 178
IBREALEST
35440000
11.03
78.60
-1.38
crores with rise in open interest. In call options, we didn't
ABIRLANUVO
2638400
10.26
1452.05
-2.24
see any meaningful activity in any strikes. On the other
IFCI
72336000
10.00
28.80
-6.80
hand, in put options, fresh build-up was seen in 8700
PTC
19024000
8.88
86.20
-5.95
and 8800 strikes; followed by unwinding in 8500 and
ENGINERSIN
21392000
8.10
152.40
-2.96
8300 strikes. Highest OI in current series is placed at
9000 call and 8500 put option.
OI Losers
From last few sessions, market is moving in sideways
OI
PRICE
direction. However, FIIs had formed fresh longs in index
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
futures in this consolidation phase. At the same time,
BANKINDIA
26382000
-10.58
128.40
-4.21
their longs formed in preceding weeks are still intact.
ORIENTBANK
13212000
-7.40
121.20
-3.92
Considering the derivative data and the buying by FIIs in
GODREJIND
1177500
-6.10
517.00
-0.66
cash market segment; we are expecting further rally in
IDFCBANK
58472000
-6.07
63.50
1.11
the index. Thus, we advise traders to trade with positive
WOCKPHARMA
3441600
-5.53
671.85
-2.26
bias and use declines as buying opportunity.
BHEL
32100000
-5.24
154.90
-1.53
SIEMENS
1038000
-5.12
1198.45
-1.27
CESC
4155800
-4.81
858.95
2.86
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SRF
50.58
NIFTY
1.12
1.06
BANKBARODA
66.18
BANKNIFTY
0.88
0.79
ICIL
53.17
SBIN
0.52
0.38
CROMPGREAV
49.22
ICICIBANK
0.52
0.38
PTC
47.83
INFY
0.64
0.53
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Technical & Derivatives Report
February 14, 2017
FII Statistics for February 13, 2017
Turnover on February 13, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2006.69
1252.38
754.32
323695
22068.76
4.54
199965
14307.13
22.13
FUTURES
FUTURES
INDEX
INDEX
36991.70
36813.97
177.73
1172855
79880.53
0.61
3761797
274179.77
37.63
OPTIONS
OPTIONS
STOCK
7419.44
7812.80
(393.36)
1059160
70404.11
0.91
STOCK
FUTURES
560199
40467.79
0.04
FUTURES
STOCK
STOCK
5532.66
5797.45
(264.79)
106874
7535.08
3.66
430465
32323.01
2.47
OPTIONS
OPTIONS
TOTAL
51950.49
51676.60
273.89
2662584
179888.48
1.31
TOTAL
4952426
361277.69
27.69
Nifty Spot = 8805.05
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8800
70.90
Buy
8800
59.05
42.30
57.70
8842.30
30.30
69.70
8769.70
Sell
8900
28.60
Sell
8700
28.75
Buy
8800
70.90
Buy
8800
59.05
61.05
138.95
8861.05
44.95
155.05
8755.05
Sell
9000
9.85
Sell
8600
14.10
Buy
8900
28.60
Buy
8700
28.75
18.75
81.25
8918.75
14.65
85.35
8685.35
Sell
9000
9.85
Sell
8600
14.10
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
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Technical & Derivatives Report
February 14, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,444
1,466
1,484
1,506
1,524
ADANIPORTS
299
305
310
315
320
AMBUJACEM
230
235
238
243
246
ASIANPAINT
970
978
989
996
1,007
AUROPHARMA
644
653
668
677
693
AXISBANK
483
487
490
494
497
BAJAJ-AUTO
2,771
2,789
2,803
2,821
2,835
BANKBARODA
158
164
173
179
188
BHEL
149
152
155
158
161
BPCL
706
710
715
719
723
BHARTIARTL
350
354
357
361
364
INFRATEL
313
317
321
324
328
BOSCH
21,917
22,131
22,516
22,730
23,115
CIPLA
572
577
581
587
591
COALINDIA
312
317
319
323
326
DRREDDY
2,937
2,952
2,970
2,985
3,003
EICHERMOT
23,791
24,325
24,636
25,170
25,482
GAIL
467
474
483
490
499
GRASIM
983
992
1,006
1,014
1,029
HCLTECH
815
821
827
834
840
HDFCBANK
1,292
1,301
1,308
1,317
1,324
HDFC
1,362
1,377
1,388
1,403
1,413
HEROMOTOCO
3,176
3,201
3,240
3,266
3,305
HINDALCO
179
182
185
188
191
HINDUNILVR
848
855
860
867
872
ICICIBANK
277
279
282
284
286
IDEA
102
105
107
109
112
INDUSINDBK
1,310
1,325
1,333
1,348
1,356
INFY
955
969
978
993
1,001
ITC
264
267
272
275
280
KOTAKBANK
773
783
790
800
806
LT
1,469
1,485
1,497
1,512
1,524
LUPIN
1,423
1,435
1,457
1,469
1,491
M&M
1,183
1,241
1,272
1,330
1,361
MARUTI
5,917
5,969
6,055
6,107
6,193
NTPC
170
171
172
173
174
ONGC
189
191
193
194
196
POWERGRID
198
200
202
205
207
RELIANCE
1,017
1,023
1,029
1,035
1,041
SBIN
265
268
273
277
281
SUNPHARMA
643
649
654
660
666
TCS
2,362
2,388
2,409
2,435
2,455
TATAMTRDVR
311
314
317
321
324
TATAMOTORS
498
502
507
511
517
TATAPOWER
81
82
83
84
85
TATASTEEL
466
469
473
476
480
TECHM
491
495
500
504
509
ULTRACEMCO
3,730
3,749
3,775
3,793
3,819
WIPRO
464
469
473
478
481
YESBANK
1,393
1,423
1,440
1,470
1,487
ZEEL
511
518
522
528
532
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Technical & Derivatives Report
February 14, 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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