Technical & Derivatives Report
May 16, 2017
Sensex (30322) / Nifty (9445)
Exhibit 1: Nifty Daily Chart
Our markets started the proceedings for the week on a cheerful
note on the back of positive global cues. Subsequently, we
witnessed a range bound movement in a tight band to conclude
the session at the highest close ever. Undoubtedly, Metal
conglomerates fuelled this up move along with some of the
Pharmaceutical stocks that have given a decent bounce back after
a long underperformance.
With reference to our earlier article, we are not surprised by such
optimistic day as we had interpreted last two sessions’ weakness
as a pullback move. The hourly chart looks extremely
encouraging as the Nifty is now on its way up after precisely
finding a support around the earlier breakout point of 9377.
Going ahead, it would merely be a formality to hit new record
highs. We continue with optimistic stance on the market and
expect projected level of 9600 (target of ‘Bullish Flag’ pattern)
quite soon. For the coming session, the support zone of 9400 -
9377 remains unchanged.
Key Levels
Support 1 - 9400
Resistance 1 - 9500
Support 2 - 9377
Resistance 2 - 9545
Nifty Bank Outlook - (22822)
Exhibit 2: Nifty Bank Daily Chart
In yesterday's trading session, the Nifty Bank index traded in a
narrow range of 160 points and ended the session with gains of
0.66 percent.
As mentioned in our yesterday's report, the broader trend for the
Nifty Bank index remains positive and yesterday's move does not
indicate any significant change in the chart structure. With several
index heavyweights indicating bullish chart structure, we expect
the Nifty Bank index to continue to hit fresh all-time highs. Thus,
we continue to advise traders to trade with positive bias and focus
on stock specific moves. The intraday supports for the Nifty Bank
index are placed around 22578 and 22449 whereas resistance is
seen around 23000.
Key Levels
Support 1 - 22578
Resistance 1 - 23000
Support 2 - 22449
Resistance 2 - 23100
www.angelbroking.com
Technical & Derivatives Report
May 16, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.69%
BankNifty futures open interest has decreased by 0.59%
as market closed at 9445.40 levels.
The Nifty May future closed with a premium of 7.90
points against the premium of 13.90 points in last
trading session. The June series closed at a premium of
7.00 points.
The Implied Volatility of at the money options has
increased from 9.05% to 9.28%. At the same time, the
PCR-OI of Nifty has increased from 1.24 to 1.25 levels.
The total OI of the market is Rs. 3,24,976/- cr. and the
stock futures OI is Rs. 1,06,526/- cr.
Few of the liquid counters where we have seen high cost
of carry are SYNDIBANK, FORTIS, SOUTHBANK,
JPASSOCIAT and SUZLON.
Views
FIIs continued pouring liquidity in cash segment; they
OI Gainers
bought equities of worth Rs. 235 crores. While, they were
OI
PRICE
net sellers in index futures to the tune of Rs 117 crores
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
with marginal change in open interest, indicating minor
SHREECEM
36100
33.21
20344.80
2.92
long unwinding took place in yesterday’s trading session.
GLENMARK
7270200
32.46
718.55
-5.75
In index options front, FIIs activity remained muted. In
PEL
878700
28.86
2881.20
10.25
Nifty options, 9400 put option attracted huge positions
PAGEIND
28500
20.51
15521.55
3.18
followed by unwinding in out of the money strike 9200.
FORTIS
14636700
17.92
206.95
-1.10
On the flip side, we hardly saw any meaningful open
MRPL
4383000
17.35
134.60
3.78
interest addition in call options; however, some
NESTLEIND
79900
16.81
6600.75
-3.34
unwinding was seen in 9300, 9400 and 9500 call
IDEA
90335000
15.36
86.00
-7.33
options. The highest open interest in May series remains
intact at 9500 call and 9300 put options.
FIIs continued their buying streak in cash market
OI Losers
segment, while, their overall activity in F&O segment
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
remained muted in today’s session. Last week, they
DRREDDY
3025000
-11.67
2677.60
3.28
formed good amount of long positions in stock futures
NIITTECH
687000
-10.02
524.40
-0.71
and index call options along with writing in index puts,
ORIENTBANK
20724000
-9.72
160.35
-0.31
which is a positive sign for our market. Despite some
ASIANPAINT
3247800
-8.05
1148.25
1.23
long unwinding and short formation seen in index
TATACOMM
6832000
-5.07
687.85
2.27
futures, the long short ratio stands at 67%. Thus, looking
GODREJCP
527600
-5.04
1916.25
0.67
at the above data, we continue to remain upbeat on
ESCORTS
1532300
-4.98
650.45
0.33
market and thus, would suggest traders buying 9400 call
JUBLFOOD
1582000
-4.47
1027.65
4.04
option for current expiry.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
PEL
59.75
NIFTY
1.25
1.35
DRREDDY
24.61
BANKNIFTY
1.09
1.01
BOSCHLTD
23.61
RELIANCE
0.35
0.28
TATASTEEL
31.46
YESBANK
0.41
0.59
SUZLON
43.04
ICICIBANK
0.67
0.61
www.angelbroking.com
Technical & Derivatives Report
May 16, 2017
FII Statistics for May 15, 2017
Turnover on May 15, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
870.90
988.07
(117.16)
245735
18128.71
(0.27)
108755
8735.98
-34.59
FUTURES
FUTURES
INDEX
INDEX
21332.19
21308.47
23.72
935987
67680.96
0.38
2756624
226956.60
-14.60
OPTIONS
OPTIONS
STOCK
7513.53
7322.52
191.01
1072933
72361.44
0.45
STOCK
FUTURES
636143
46237.04
-11.01
FUTURES
STOCK
STOCK
6186.45
6194.39
(7.94)
95847
6779.01
3.67
494082
36136.90
-10.41
OPTIONS
OPTIONS
TOTAL
35903.08
35813.45
89.63
2350502
164950.13
0.47
TOTAL
3995604
318066.53
-14.36
Nifty Spot = 9445.40
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9400
89.70
Buy
9500
84.10
53.30
46.70
9453.30
43.40
56.60
9456.60
Sell
9500
36.40
Sell
9400
40.70
Buy
9400
89.70
Buy
9500
84.10
79.50
120.50
9479.50
64.80
135.20
9435.20
Sell
9600
10.20
Sell
9300
19.30
Buy
9500
36.40
Buy
9400
40.70
26.20
73.80
9526.20
21.40
78.60
9378.60
Sell
9600
10.20
Sell
9300
19.30
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
Technical & Derivatives Report
May 16, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,657
1,669
1,690
1,702
1,723
ADANIPORTS
347
351
356
360
365
AMBUJACEM
251
255
259
263
267
ASIANPAINT
1,129
1,139
1,144
1,154
1,159
AUROPHARMA
602
608
617
623
633
AXISBANK
492
496
502
506
512
BAJAJ-AUTO
2,965
2,982
3,003
3,020
3,040
BANKBARODA
185
187
188
190
192
BPCL
716
722
729
735
742
BHARTIARTL
357
360
365
369
374
INFRATEL
365
368
372
375
379
BOSCHLTD
23,225
23,710
24,005
24,490
24,785
CIPLA
556
563
567
574
579
COALINDIA
277
277
278
278
279
DRREDDY
2,549
2,612
2,656
2,719
2,763
EICHERMOT
28,448
28,689
29,072
29,313
29,696
GAIL
408
411
413
416
418
GRASIM
1,140
1,157
1,167
1,184
1,194
HCLTECH
843
846
848
851
853
HDFCBANK
1,536
1,545
1,551
1,560
1,566
HDFC
1,544
1,552
1,562
1,570
1,581
HEROMOTOCO
3,473
3,494
3,526
3,547
3,579
HINDALCO
189
194
197
202
205
HINDUNILVR
968
976
982
990
997
IBULHSGFIN
1,044
1,054
1,064
1,073
1,083
ICICIBANK
296
299
301
304
306
IOC
430
436
440
446
450
INDUSINDBK
1,395
1,406
1,414
1,425
1,433
INFY
940
946
955
960
969
ITC
274
276
277
279
281
KOTAKBANK
943
958
970
985
997
LT
1,728
1,735
1,743
1,750
1,759
LUPIN
1,236
1,260
1,276
1,301
1,317
M&M
1,361
1,368
1,377
1,385
1,394
MARUTI
6,693
6,759
6,799
6,864
6,904
NTPC
157
158
159
161
161
ONGC
185
186
187
188
189
POWERGRID
205
206
207
208
210
RELIANCE
1,322
1,333
1,345
1,356
1,368
SBIN
296
299
300
303
305
SUNPHARMA
646
650
654
658
661
TCS
2,325
2,345
2,362
2,382
2,398
TATAMTRDVR
260
262
264
266
268
TATAMOTORS
428
430
432
434
436
TATAPOWER
82
83
83
84
85
TATASTEEL
431
444
450
463
469
TECHM
434
439
442
446
450
ULTRACEMCO
4,367
4,402
4,450
4,485
4,533
WIPRO
498
502
506
510
514
YESBANK
1,425
1,448
1,477
1,501
1,530
ZEEL
516
521
526
531
536
www.angelbroking.com
Technical & Derivatives Report
May 16, 2017
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a
registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number
INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing
/dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed public
offering of securities of the company covered by *Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
www.angelbroking.com