Technical & Derivatives Report
September 14, 2017
Sensex (32186) / Nifty (10079)
Exhibit 1: Nifty Daily Chart
Yesterday’s opening was quiet as we saw some softness in
some of the Asian bourses early in the morning. The index
gained some momentum in the midst of the session to march
gradually towards the recent high of 10137.85. Clearly, the
index heavyweight ‘Reliance’ was in the driver’s seat (similar
to last 4 - 5 months), who hit fresh record highs yesterday.
However, we saw some strong profit booking in the broader
market in last 90 minutes of the trade to pull the index well
below the 10100 mark.
With reference to previous article, the Nifty made its attempt
to retest the all-time high; but, some decent profit booking
dragged the index lower from a kissing distance. Going
ahead, we would expect some kind of consolidation in a
range of 10000 - 10138 with slightly higher volatility. Hence
going ahead, traders are advised to be very selective while
making the stock selection. It’s advisable to stay light and
focus on individual stocks as we may see some incremental
change in the volatility.
Key Levels
Support 1 - 10028
Resistance 1 - 10120
Support 2 - 10000
Resistance 2 - 10138
Nifty Bank Outlook - (24832)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened yesterday's session on a positive
note and traded with a positive bias. However, the index lost
the gains in last hour of the trade and ended the day with the
formation of a 'Doji' candlestick pattern.
Post the recent breakout; some of the private sector
heavyweights have seen a positive momentum with decent
volumes. This has led to a positive momentum in the Nifty
Bank index too. So far there is no sign of any reversal in the
index as well as the heavyweights. On pullback move, the
breakout zone around 24500 is now a support base for near
term. We continue with our positive bias in this space,
although, advise traders to be selective in picking stocks for
trading. The intraday supports for the Nifty Bank index are
placed around 24730 and 24650 whereas resistance is seen
in the range of 24980-25025.
Key Levels
Support 1 - 24730
Resistance 1 - 24980
Support 2 - 24650
Resistance 2 - 25025
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Technical & Derivatives Report
September 14, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.14%
BankNifty futures open interest has decreased by 4.31%
as market closed at 10079.30 levels.
The Nifty September future closed with a premium of
12.15 points against the premium of 14.85 points in last
trading session. The October series closed at a premium
of 43.50 points.
The Implied Volatility of at the money options has
decreased from 9.37 to 9.33. At the same time, the PCR-
OI of Nifty has increased from 1.51 to 1.52.
Few of the liquid counters where we have seen high cost
of carry are RPOWER, SOUTHBANK, DHFL, SUZLON
and BANKINDIA.
Views
FIIs continue their selling streak in cash market segment,
they sold equities to the tune of Rs. 827 crores. While, in
OI Gainers
index futures they were net sellers of worth Rs. 532 crores
OI
PRICE
SCRIP
OI
PRICE
with rise in open interest, indicating formation of short
CHG. (%)
CHG. (%)
positions in preceding trading session.
JSWENERGY
80631000
33.57
77.40
0.32
In index options front, they were marginal sellers with rise
JUBLFOOD
2491500
27.28
1324.30
-7.48
in open interest. In Nifty options, out the money strikes
CONCOR
1235625
17.54
1368.95
-1.84
10100-10300 added some fresh positions, followed by
TORNTPOWER
7461000
15.51
223.85
-2.10
unwinding in 10000 call option. On the flip side, good
BPCL
15593400
15.49
502.25
-6.05
amount of open interest addition was seen in
DIVISLAB
9861600
15.36
822.00
3.11
10000-10100 put options along with unwinding in
APOLLOHOSP
1539500
14.59
1074.35
-2.35
9700-9900 strikes. Maximum concentration of open
HEXAWARE
2655000
13.75
276.85
0.89
interest is now placed at 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
IGL
956450
-14.33
1395.90
-2.26
BankNifty good amount of longs were formed in recent
BHARATFORG
4471800
-9.92
1226.35
-0.41
upmove. However, FIIs continue to curb liquidity through
VOLTAS
2940000
-9.26
551.70
-2.19
equity segment. At the same time, they are forming
TATAELXSI
942000
-8.08
1817.85
0.14
shorts in index futures. Thus, the above data remains
GAIL
11008000
-7.99
407.95
-0.61
unclear. Hence, traders are suggested to remain light in
RAMCOCEM
540000
-7.28
746.90
0.38
index and prefer stock specific approach.
BATAINDIA
2493700
-7.17
712.30
-0.95
RECLTD
37896000
-6.37
168.95
3.84
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JUBLFOOD
55.59
NIFTY
1.52
1.07
BPCL
47.43
BANKNIFTY
1.38
0.92
TATAPOWER
37.69
RELIANCE
0.85
0.45
RELIANCE
25.93
INFY
0.31
0.34
RDEL
46.45
SBIN
0.49
0.40
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Technical & Derivatives Report
September 14, 2017
FII Statistics for September 13, 2017
Turnover on September 13, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1192.55
1724.32
(531.77)
230841
18053.00
6.35
168323
14327.13
12.81
FUTURES
FUTURES
INDEX
INDEX
45537.62
45630.23
(92.62)
996255
78018.97
1.22
5907854
542996.97
39.12
OPTIONS
OPTIONS
STOCK
7115.59
7052.67
62.92
802947
57187.01
0.82
STOCK
FUTURES
786005
57117.42
12.22
FUTURES
STOCK
STOCK
7292.55
7176.77
115.79
83743
6380.93
10.85
583884
44163.54
21.84
OPTIONS
OPTIONS
Total
61138.31
61584.00
(445.68)
2113786
159639.92
1.95
TOTAL
7446066
658605.06
34.37
Nifty Spot = 10079.30
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10100
72.65
Buy
10000
51.30
40.75
59.25
10140.75
19.00
81.00
9981.00
Sell
10200
31.90
Sell
9900
32.30
Buy
10100
72.65
Buy
10000
51.30
60.65
139.35
10160.65
30.15
169.85
9969.85
Sell
10300
12.00
Sell
9800
21.15
Buy
10200
31.90
Buy
9900
32.30
19.90
80.10
10219.90
11.15
88.85
9888.85
Sell
10300
12.00
Sell
9800
21.15
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 14, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,819
1,831
1,851
1,863
1,882
ADANIPORTS
382
386
390
395
399
AMBUJACEM
279
283
287
290
295
ASIANPAINT
1,242
1,249
1,255
1,262
1,268
AUROPHARMA
741
750
761
771
781
AXISBANK
489
494
500
505
511
BAJAJ-AUTO
2,889
2,912
2,943
2,966
2,997
BANKBARODA
139
142
144
146
148
BPCL
458
479
510
531
561
BHARTIARTL
395
398
403
406
411
INFRATEL
363
367
370
375
378
BOSCHLTD
21,808
21,910
22,053
22,155
22,298
CIPLA
547
551
556
560
566
COALINDIA
252
254
257
259
262
DRREDDY
2,146
2,182
2,205
2,241
2,264
EICHERMOT
31,782
32,004
32,304
32,526
32,826
GAIL
393
400
408
415
423
HCLTECH
856
864
869
877
883
HDFCBANK
1,813
1,828
1,838
1,853
1,863
HDFC
1,758
1,768
1,784
1,794
1,810
HEROMOTOCO
3,822
3,858
3,914
3,950
4,006
HINDALCO
243
246
249
251
254
HINDUNILVR
1,238
1,244
1,252
1,258
1,266
IBULHSGFIN
1,249
1,259
1,276
1,286
1,303
ICICIBANK
290
291
292
293
294
IOC
388
402
422
436
455
INDUSINDBK
1,720
1,732
1,749
1,761
1,777
INFY
878
881
884
887
891
ITC
267
269
273
276
280
KOTAKBANK
1,011
1,015
1,020
1,025
1,030
LT
1,198
1,211
1,220
1,232
1,241
LUPIN
957
975
992
1,010
1,027
M&M
1,293
1,300
1,310
1,317
1,327
MARUTI
8,041
8,082
8,141
8,182
8,241
NTPC
167
168
170
171
172
ONGC
160
160
162
162
164
POWERGRID
211
212
214
216
217
RELIANCE
806
827
844
865
882
SBIN
270
272
274
276
278
SUNPHARMA
467
485
498
516
529
TCS
2,442
2,466
2,499
2,522
2,555
TATAMTRDVR
216
218
221
223
226
TATAMOTORS
384
387
390
393
397
TATAPOWER
82
83
85
87
88
TATASTEEL
672
676
680
684
688
TECHM
428
434
444
451
460
ULTRACEMCO
4,143
4,164
4,195
4,216
4,248
VEDANTA
321
324
328
331
335
WIPRO
293
294
297
299
301
YESBANK
1,815
1,827
1,845
1,856
1,874
ZEEL
524
528
532
536
540
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Technical & Derivatives Report
September 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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