Technical & Derivatives Report
February 15, 2017
Sensex (28339) / Nifty (8792)
Exhibit 1: Nifty Daily Chart
Yet another session opened with an upside gap and it was almost
an ‘Open High’ kind of situation for our market. Generally, we
see market remaining under pressure when ‘Open High’ occurs
and similar to this we witnessed yesterday. Our market traded in
a narrow range and traded with a mildly negative bias for the
major part of the day. Eventually, the Nifty ended the session tad
below 8800 with negligible losses.
In our previous article, we had mentioned about the continuation
of this boredom and similar action was being witnessed
throughout the day. Although, there were few initial signs of
breaking the shackles to give a convincing close beyond the 8820
mark; once again the index failed to do so and hence, this hurdle
has now earned tremendous respect from the bulls. Going
forward, we expect this consolidation phase to continue in the
market as long as trading range of 8820 - 8715 remains intact.
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 - (20258)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank continued the consolidation phase and ended the
day on a flat note. Although there has been stock specific
movement in last few trading sessions, the private sector banking
stocks have consolidated in a narrow range. Since these constitute
majority weightage of the Nifty Bank index, traders should focus
on stock specific move within this space. With no fresh signs of a
trended move, we continue to advise traders to trade with strict
money management. The near term supports for the Nifty Bank
index are placed around 20120 and 20000 whereas resistances
are seen around 20410 and 20460.
Key Levels
Support 1 - 20120
Resistance 1 - 20410
Support 2 - 20000
Resistance 2 - 20460
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Technical & Derivatives Report
February 15, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.83%
BankNifty futures open interest has increased by 0.67%
as market closed at 8805.05 levels.
The Nifty February future closed with a premium of
22.55 points against the premium of 10.30 points in last
trading session. The March series closed at a premium of
54.50 points.
The Implied Volatility of at the money options has
increased from 10.94% to 11.41%. At the same time, the
PCR-OI of Nifty has decreased from 1.12 to 1.11 levels.
The total OI of the market is Rs. 3,16,855/- cr. and the
stock futures OI is Rs. 89,551/- cr.
Few of the liquid counters where we have seen high cost
of carry are TATAMOTORS, TATAMTRDVR, JPASSOCIAT,
ADANIPOWER and GRANULES.
Views
OI Gainers
Yesterday, FIIs activity in cash market segment remained
OI
PRICE
subdued. While in index futures, they were buyer to the
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
tune of Rs. 1321 crores with rise in open interest,
TATAMOTORS
40147500
10.55
486.05
-4.00
indicating long formation in previous trading session.
IDBI
27696000
7.92
84.45
3.11
In index option segment, FIIs were buyer worth Rs. 138
AMARAJABAT
1128000
7.00
863.25
-1.10
crores with rise in open interest. In call options, we didn't
BEL
2598750
6.53
1515.30
-0.73
see any meaningful activity in any strikes. On the other
PCJEWELLER
1348500
6.39
385.95
-0.58
hand, in put options, fresh build-up was seen in 8800
AUROPHARMA
14528500
5.63
659.50
-0.71
strike. Highest OI in current series is placed at 9000 call
MCLEODRUSS
3504000
5.61
172.80
0.26
and 8500 put option.
POWERGRID
19656000
5.47
200.55
-1.04
From last few sessions, market is moving in sideways
direction. However, FIIs had formed fresh longs in index
OI Losers
futures in this consolidation phase. At the same time,
OI
PRICE
their longs formed in preceding weeks are still intact.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Considering the overall data; we are expecting further up
NIITTECH
745500
-9.80
427.05
-0.63
move in the index. Thus, we advise traders to trade with
RELINFRA
6678100
-6.24
563.20
4.99
positive bias and use declines as buying opportunity.
YESBANK
9508800
-6.18
1457.85
0.32
Heavy weight counters that added long positions
BRITANNIA
1389600
-5.22
3225.05
-1.67
yesterday are BHARTIARTL, GAIL, IDEA, BHEL and
OIL
2354374
-4.24
336.65
0.75
ICICIBANK. While, on the flip side TATAMOTORS,
HEXAWARE
6561000
-3.83
208.70
0.80
HEROMOTOCO, ULTRACEMCO, HINDUNILVR and
TORNTPHARM
543600
-3.82
1261.85
0.70
POWERGRID added fresh shorts.
IFCI
69652000
-3.71
28.50
-1.04
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TATAMTRDVR
43.48
NIFTY
1.11
0.98
RELINFRA
39.99
BANKNIFTY
0.87
0.81
HINDPETRO
45.54
SBIN
0.50
0.40
TATAMOTORS
40.00
INFY
0.65
0.67
GODREJCP
26.78
ICICIBANK
0.60
0.47
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Technical & Derivatives Report
February 15, 2017
FII Statistics for February 14, 2017
Turnover on February 14, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2232.85
911.85
1321.01
341899
23290.89
5.62
154277
11062.16
-22.68
FUTURES
FUTURES
INDEX
INDEX
30641.54
30503.86
137.68
1203053
81753.42
2.57
3142074
231751.76
-15.47
OPTIONS
OPTIONS
STOCK
6925.58
7615.99
(690.41)
1067629
70643.91
0.80
STOCK
FUTURES
551590
40392.45
-0.19
FUTURES
STOCK
STOCK
6002.82
5982.78
20.03
111226
7802.96
4.07
439029
33369.50
3.24
OPTIONS
OPTIONS
TOTAL
45802.79
45014.48
788.31
2723807
183491.19
2.30
TOTAL
4286970
316575.87
-12.37
Nifty Spot = 8792.30
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8800
69.45
Buy
8800
57.65
42.55
57.45
8842.55
29.95
70.05
8770.05
Sell
8900
26.90
Sell
8700
27.70
Buy
8800
69.45
Buy
8800
57.65
60.50
139.50
8860.50
44.10
155.90
8755.90
Sell
9000
8.95
Sell
8600
13.55
Buy
8900
26.90
Buy
8700
27.70
17.95
82.05
8917.95
14.15
85.85
8685.85
Sell
9000
8.95
Sell
8600
13.55
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 15, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,446
1,456
1,471
1,481
1,497
ADANIPORTS
299
303
309
314
320
AMBUJACEM
232
235
237
240
242
ASIANPAINT
962
971
980
989
998
AUROPHARMA
645
651
661
667
677
AXISBANK
477
482
487
492
496
BAJAJ-AUTO
2,726
2,752
2,781
2,808
2,837
BANKBARODA
164
166
169
171
174
BHEL
152
155
156
159
161
BPCL
669
680
699
710
729
BHARTIARTL
350
359
365
374
380
INFRATEL
311
315
319
323
327
BOSCH
22,133
22,272
22,416
22,555
22,699
CIPLA
566
571
579
584
591
COALINDIA
313
317
319
322
324
DRREDDY
2,913
2,927
2,949
2,964
2,986
EICHERMOT
24,311
24,813
25,151
25,653
25,991
GAIL
475
485
491
501
507
GRASIM
990
1,000
1,008
1,018
1,026
HCLTECH
820
826
830
836
840
HDFCBANK
1,300
1,305
1,310
1,315
1,320
HDFC
1,381
1,390
1,397
1,405
1,412
HEROMOTOCO
3,091
3,127
3,181
3,217
3,271
HINDALCO
183
185
186
189
190
HINDUNILVR
831
839
854
862
877
ICICIBANK
279
282
284
287
289
IDEA
103
106
109
113
116
INDUSINDBK
1,312
1,321
1,332
1,341
1,352
INFY
966
977
983
994
1,000
ITC
267
269
271
273
276
KOTAKBANK
780
785
791
796
801
LT
1,474
1,483
1,495
1,504
1,516
LUPIN
1,407
1,419
1,438
1,450
1,468
M&M
1,271
1,287
1,300
1,316
1,329
MARUTI
5,854
5,897
5,971
6,014
6,088
NTPC
168
170
171
173
174
ONGC
190
193
195
197
199
POWERGRID
198
199
202
203
205
RELIANCE
1,021
1,036
1,044
1,059
1,067
SBIN
266
268
270
273
275
SUNPHARMA
629
639
651
661
673
TCS
2,386
2,396
2,408
2,418
2,430
TATAMTRDVR
271
285
301
314
330
TATAMOTORS
445
464
485
504
525
TATAPOWER
82
83
83
84
85
TATASTEEL
462
467
471
476
480
TECHM
496
500
505
509
513
ULTRACEMCO
3,625
3,665
3,721
3,761
3,817
WIPRO
470
473
476
479
481
YESBANK
1,426
1,442
1,457
1,472
1,487
ZEEL
504
509
516
520
527
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Technical & Derivatives Report
February 15, 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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