Technical & Derivatives Report
June 14, 2017
Sensex (31103) / Nifty (9607)
Exhibit 1: Nifty Daily Chart
We witnessed a flat opening in our market yesterday as indicated
by the muted cues from the Asian bourses. This was followed by
some positive traction to push the Nifty towards the 9650 mark.
However, once again a strong selling pressure at higher levels
dragged the index lower to eventually conclude the day with a
negligible loss.
The price action is clearly very much on our expected lines as we
have been quite vocal about this consolidation phase after
reaching a milestone of 9700. Still, we do not see any major
change in the chart structure and hence, we reiterate advising
booking profits once the index approaches the resistance zone of
9700 - 9720 levels. For the coming session, 9580 would be seen
as immediate and strong support level for the index. It would be a
prudent strategy to keep focusing on individual stocks and avoid
taking undue risks.
Key Levels
Support 1 - 9580
Resistance 1 - 9700
Support 2 - 9550
Resistance 2 - 9720
Nifty Bank Outlook - (23478)
Exhibit 2: Nifty Bank Daily Chart
Post opening on a flat note yesterday, the Nifty Bank index rallied
marginally higher during the first half of the session. However, the
index gave up the intraday gains during last hour of the day and
ended the session with negligible gains.
The 'RSI Smoothened' oscillator on the daily chart of the Nifty
Bank index is indicating a negative crossover in the overbought
zone. Also, we have been mentioning about the probability of a
limited upside in prices in near term. Thus, the index is likely to
undergo a corrective/consolidation phase in near term. Hence,
we continue with our advice to traders to avoid aggressive longs
in the market and focus on stock specific moves. The intraday
supports for the Nifty Bank index are placed around 23380 and
23225 whereas resistances are seen around 23615 and 23670.
Key Levels
Support 1 - 23380
Resistance 1 - 23615
Support 2 - 23225
Resistance 2 - 23670
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Technical & Derivatives Report
June 14, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.02%
BankNifty futures open interest has decreased by 0.71%
as market closed at 9606.90 levels.
The Nifty June future closed with a premium of 8.20
points against the premium of 3.75 points in last trading
session. The July series closed at a premium of 26.10
points.
The Implied Volatility of at the money options has
increased from 9.38% to 9.51%. At the same time, the
PCR-OI of Nifty remains unchanged at 1.15 levels.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, HDIL, ADANIPOWER, FORTIS
and SUZLON.
Views
OI Gainers
Yesterday, FIIs were net sellers in both cash and F&O
OI
PRICE
SCRIP
OI
PRICE
segment. They sold equities worth Rs. 312 crores; while
CHG. (%)
CHG. (%)
in index futures, they were sellers to the tune of Rs. 300
CHOLAFIN
427000
35.99
1099.15
5.03
crores with some rise in open interest, indicating
HEXAWARE
4218000
21.63
235.85
-1.32
formation of short positions in previous trading session.
RAMCOCEM
474400
13.60
696.85
-1.18
On Index Options front, FIIs' were net sellers of
RCOM
140362000
11.39
18.10
-2.16
Rs. 341 crores with rise in open interest. On Nifty options
RBLBANK
10283000
10.95
509.35
-2.62
front, except some build-up in 9600 - 9700 call options
M&MFIN
11325000
10.51
346.50
-1.66
and
9450 put option; we hardly witnessed any
CEATLTD
1933400
10.13
1855.00
-1.24
meaningful activity in other strikes. Highest open interest
ACC
1466800
9.76
1615.25
0.29
in current series is placed at 9700 call and 9500 put
options.
OI Losers
Including yesterday’s selling figure, FIIs have shorted
OI
PRICE
index futures worth Rs. 2633 crores in last three sessions.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
As the result, their ‘Long Short Ratio’ has decreased from
GMRINFRA
232335000
-8.91
18.90
5.88
85% to 79%. However, their previous longs formed in
IBREALEST
26240000
-7.15
182.25
0.28
last couple of months are still intact in the system. At
KAJARIACER
415200
-5.81
703.35
1.61
current juncture, the Nifty is trading around its strong
PVR
375200
-5.73
1498.25
0.56
support of 9500 - 9550 and any positive build-up may
INDIGO
1503600
-5.68
1146.35
0.00
lead to a decent upmove in the index. Thus, traders are
ORIENTBANK
20328000
-5.60
147.10
4.92
advised to remain vigilant and adopt stock centric
KSCL
3832500
-5.58
673.95
0.92
approach to fetch better returns.
PETRONET
9258000
-5.47
431.80
0.16
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CHOLAFIN
38.55
NIFTY
1.15
1.03
LICHSGFIN
30.60
BANKNIFTY
1.11
1.16
HCLTECH
23.59
RELIANCE
0.49
0.36
DABUR
24.53
SBIN
0.60
0.49
KPIT
50.52
SUNPHARMA
0.45
0.38
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Technical & Derivatives Report
June 14, 2017
FII Statistics for June 13, 2017
Turnover on June 13, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
798.14
1098.49
(300.35)
319247
23694.30
0.76
119318
9584.85
-24.81
FUTURES
FUTURES
INDEX
INDEX
24055.55
24396.42
(340.87)
907440
67055.45
1.18
2971080
250115.27
-0.80
OPTIONS
OPTIONS
STOCK
6340.79
6461.77
(120.98)
1123098
73724.20
0.49
STOCK
FUTURES
510314
37350.78
-8.20
FUTURES
STOCK
STOCK
4285.18
4298.75
(13.56)
111910
7804.14
5.17
319253
24035.19
-7.87
OPTIONS
OPTIONS
TOTAL
35479.67
36255.43
(775.76)
2461695
172278.10
0.98
TOTAL
3919965
321086.10
-3.19
Nifty Spot = 9606.90
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9600
85.10
Buy
9600
71.50
45.30
54.70
9645.30
30.20
69.80
9569.80
Sell
9700
39.80
Sell
9500
41.30
Buy
9600
85.10
Buy
9600
71.50
69.60
130.40
9669.60
47.75
152.25
9552.25
Sell
9800
15.50
Sell
9400
23.75
Buy
9700
39.80
Buy
9500
41.30
24.30
75.70
9724.30
17.55
82.45
9482.45
Sell
9800
15.50
Sell
9400
23.75
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
June 14, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,588
1,602
1,622
1,636
1,656
ADANIPORTS
352
355
359
363
367
AMBUJACEM
228
230
232
233
235
ASIANPAINT
1,137
1,143
1,149
1,155
1,161
AUROPHARMA
591
598
608
614
624
AXISBANK
501
504
508
511
515
BAJAJ-AUTO
2,803
2,819
2,838
2,854
2,873
BANKBARODA
167
168
170
171
173
BPCL
690
695
702
706
713
BHARTIARTL
358
361
365
367
371
INFRATEL
374
379
385
390
395
BOSCHLTD
23,777
23,965
24,187
24,375
24,597
CIPLA
543
547
551
556
559
COALINDIA
257
258
259
260
261
DRREDDY
2,595
2,611
2,628
2,644
2,662
EICHERMOT
28,609
28,865
29,256
29,512
29,903
GAIL
375
378
383
386
390
HCLTECH
829
838
851
861
874
HDFCBANK
1,646
1,661
1,677
1,692
1,707
HDFC
1,624
1,646
1,664
1,686
1,704
HEROMOTOCO
3,717
3,735
3,760
3,778
3,803
HINDALCO
197
199
201
203
205
HINDUNILVR
1,088
1,095
1,102
1,110
1,117
IBULHSGFIN
1,140
1,147
1,157
1,164
1,174
ICICIBANK
311
313
316
318
321
IOC
414
417
421
424
428
INDUSINDBK
1,471
1,482
1,498
1,508
1,524
INFY
946
952
957
963
969
ITC
301
303
304
307
308
KOTAKBANK
966
970
975
979
984
LT
1,725
1,732
1,743
1,750
1,762
LUPIN
1,155
1,167
1,175
1,187
1,195
M&M
1,398
1,408
1,424
1,434
1,450
MARUTI
7,260
7,304
7,380
7,424
7,500
NTPC
157
159
159
161
162
ONGC
167
168
169
170
171
POWERGRID
203
206
210
214
217
RELIANCE
1,301
1,308
1,317
1,324
1,333
SBIN
281
282
285
286
289
SUNPHARMA
526
532
542
547
558
TCS
2,426
2,439
2,460
2,473
2,494
TATAMTRDVR
272
275
280
283
289
TATAMOTORS
441
445
452
456
463
TATAPOWER
77
77
78
79
80
TATASTEEL
502
505
509
513
516
TECHM
385
389
392
397
400
ULTRACEMCO
3,971
4,017
4,077
4,122
4,182
VEDANTA
233
236
240
243
247
WIPRO
251
255
261
265
271
YESBANK
1,474
1,484
1,497
1,507
1,521
ZEEL
501
505
511
515
522
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Technical & Derivatives Report
June 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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