Technical & Derivatives Report
June 16, 2017
Sensex (31076) / Nifty (9578)
Exhibit 1: Nifty Daily Chart
Yesterday, our markets opened slightly lower owing to negative
cues from the Asian bourses. Although, the overall range was
quite small, the index remained under pressure throughout the
remaining part of the day to conclude almost at the lowest point
of the day.
Due to yesterday's corrective move, the Nifty finally closed below
the 9600 mark, which is not a good sign. However, this is a part
of the consolidation phase that the market is undergoing at this
moment. Hence, looking at the hourly chart, the Nifty is still at
lower end of the 'Downward Sloping Channel'. Going ahead,
9550 would be seen as immediate support levels; whereas on the
higher side, 9610-9650 remains to be intraday hurdles for the
index.
Key Levels
Support 1 - 9550
Resistance 1 - 9610
Support 2 - 9520
Resistance 2 - 9650
Nifty Bank Outlook - (23392)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened marginally negative and traded in a
narrow range throughout the session. The index eventually ended
the session with a marginal loss of 0.46 percent over its previous
session's close. As we have been mentioning since last couple of
weeks, the index is clearly undergoing a consolidation phase and
so far there is no change in the chart structure. Hence, we
continue with our advice to avoid taking a directional bet in the
index and focus on stock specific moves. The intraday supports
for the Nifty Bank index are placed around 23250 and 23100
whereas resistances are seen around 23480 and 23550.
Key Levels
Support 1 - 23250
Resistance 1 - 23480
Support 2 - 23100
Resistance 2 - 23550
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Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.87%
BankNifty futures open interest has increased by 0.23%
as market closed at 9578.05 levels.
The Nifty June future closed with a premium of 22.85
points against the premium of 19.45 points in last
trading session. The July series closed at a premium of
42.50 points.
The Implied Volatility of at the money options has
increased from 9.52% to 9.72%. At the same time, the
PCR-OI of Nifty has decreased from 1.20 levels to 1.13.
Few of the liquid counters where we have seen high cost
of carry are RCOM, GMRINFRA, ADANIPOWER,
JPASSOCIAT and JSWENERGY.
Views
FIIs continue their selling streak in both cash market and
Index Futures. They sold equities worth Rs. 645 crores.
While they were net sellers in index future to the tune of
OI Gainers
Rs. 578 crores with marginal rise in open interest,
OI
PRICE
indicating formation of fresh shorts along with some long
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
unwinding.
JPASSOCIAT
206516000
22.11
14.50
5.45
On Index Options front, FIIs' were net buyers worth Rs.
ALBK
28640000
17.71
71.80
-0.55
927 crores with some rise in open interest. On Nifty
BAJAJFINSV
421875
12.76
4118.60
-0.72
options front, 9600-10000 call options were quite active,
ESCORTS
3463900
12.50
712.85
-1.10
wherein 9600 and 9700 strikes added good amount of
RBLBANK
12126000
10.95
507.55
-0.80
open interest. On the other hand, we hardly saw any
BERGEPAINT
1089000
8.55
254.55
1.54
relevant buildup in put options; however, some
L&TFH
18594000
8.17
141.95
3.16
unwinding was seen in 9600 and 9450. Highest open
CHOLAFIN
418500
8.14
1118.80
2.02
interest in current series is placed at 9700 call and 9500
put options.
OI Losers
FIIs formed decent shorts in Index Futures in this
OI
PRICE
consolidation. However, their previous longs formed in
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
last couple of months are still intact in the system. At the
PAGEIND
25900
-8.96
16675.65
2.65
same time, our market absorbed their selling in index
INDIGO
1354200
-8.73
1187.35
2.70
future in previous three sessions without any noticeable
HEXAWARE
3825000
-8.47
248.00
4.95
correction, which certainly bodes well for the bulls. Since,
KPIT
4728000
-7.51
124.65
0.28
data is not indicating any major correction at current
HDIL
25568000
-7.25
92.45
2.89
juncture; traders are advised to remain with the broader
UJJIVAN
6939600
-5.27
304.40
2.56
trend and any declines towards the support zone of
KSCL
3505500
-5.19
658.60
-1.62
9500 - 9550 should be used to initiate fresh longs.
BANKINDIA
36354000
-4.94
137.60
-0.94
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
FORTIS
46.88
NIFTY
1.13
0.96
BPCL
28.17
BANKNIFTY
0.93
0.83
AUROPHARMA
60.87
RELIANCE
0.60
0.35
HINDPETRO
49.23
SBIN
0.59
0.53
IOC
32.28
INFY
0.60
0.53
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Technical & Derivatives Report
June 16, 2017
FII Statistics for June 15, 2017
Turnover on June 15, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1212.12
1790.03
(577.91)
323458
23959.48
0.69
148359
11998.55
10.01
FUTURES
FUTURES
INDEX
INDEX
45243.83
44316.75
927.08
912458
67353.73
1.58
8464057
760136.83
135.12
OPTIONS
OPTIONS
STOCK
6138.97
7145.64
(1006.67)
1128720
74213.89
0.08
STOCK
FUTURES
588273
41510.80
3.20
FUTURES
STOCK
STOCK
5751.35
5776.76
(25.41)
119224
8305.23
3.59
433965
31155.86
9.95
OPTIONS
OPTIONS
TOTAL
58346.26
59029.17
(682.91)
2483860
173832.34
0.87
TOTAL
9634654
844802.04
109.75
Nifty Spot = 9578.05
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9600
74.05
Buy
9600
72.25
42.10
57.90
9642.10
32.70
67.30
9567.30
Sell
9700
31.95
Sell
9500
39.55
Buy
9600
74.05
Buy
9600
72.25
62.50
137.50
9662.50
50.95
149.05
9549.05
Sell
9800
11.55
Sell
9400
21.30
Buy
9700
31.95
Buy
9500
39.55
20.40
79.60
9720.40
18.25
81.75
9481.75
Sell
9800
11.55
Sell
9400
21.30
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 16, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,576
1,594
1,605
1,623
1,633
ADANIPORTS
353
356
361
365
370
AMBUJACEM
229
233
235
238
240
ASIANPAINT
1,125
1,132
1,141
1,149
1,158
AUROPHARMA
581
612
630
662
680
AXISBANK
502
505
507
510
512
BAJAJ-AUTO
2,784
2,799
2,824
2,839
2,863
BANKBARODA
166
168
170
172
174
BPCL
645
658
676
689
708
BHARTIARTL
361
363
367
369
373
INFRATEL
360
367
378
386
397
BOSCHLTD
24,047
24,180
24,314
24,447
24,581
CIPLA
532
541
546
555
560
COALINDIA
251
252
255
256
259
DRREDDY
2,626
2,663
2,692
2,729
2,758
EICHERMOT
28,231
28,502
28,776
29,046
29,320
GAIL
369
373
377
381
385
HCLTECH
835
840
846
851
858
HDFCBANK
1,643
1,653
1,665
1,675
1,687
HDFC
1,616
1,626
1,640
1,651
1,664
HEROMOTOCO
3,726
3,752
3,786
3,812
3,846
HINDALCO
193
195
198
199
202
HINDUNILVR
1,089
1,097
1,109
1,116
1,129
IBULHSGFIN
1,136
1,143
1,153
1,159
1,169
ICICIBANK
314
315
317
319
321
IOC
393
400
412
419
430
INDUSINDBK
1,479
1,485
1,493
1,499
1,507
INFY
938
945
957
964
975
ITC
298
300
301
303
305
KOTAKBANK
955
959
964
968
974
LT
1,711
1,723
1,742
1,755
1,774
LUPIN
1,164
1,173
1,183
1,193
1,203
M&M
1,358
1,373
1,394
1,408
1,429
MARUTI
7,205
7,259
7,326
7,379
7,447
NTPC
156
157
160
162
164
ONGC
164
166
168
170
172
POWERGRID
208
209
211
212
214
RELIANCE
1,343
1,364
1,379
1,400
1,415
SBIN
279
282
284
286
288
SUNPHARMA
531
537
543
550
556
TCS
2,364
2,388
2,429
2,452
2,493
TATAMTRDVR
268
270
275
277
282
TATAMOTORS
440
444
451
455
462
TATAPOWER
76
77
77
78
78
TATASTEEL
496
499
503
506
510
TECHM
390
392
394
396
399
ULTRACEMCO
3,961
4,003
4,051
4,093
4,141
VEDANTA
231
233
236
238
241
WIPRO
252
257
259
263
266
YESBANK
1,423
1,435
1,442
1,454
1,461
ZEEL
502
505
509
513
517
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Technical & Derivatives Report
June 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]
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