Technical & Derivatives Report
February 17, 2017
Sensex (28301) / Nifty (8778)
Exhibit 1: Nifty Daily Chart
A weak session on Wednesday was followed by a flat opening in
our market amid mixed global cues. Subsequently, the index
slipped slightly towards Wednesday’s low. However, as
mentioned in the previous report, 8715 acted as a rock solid
support and as a result, we witnessed a decent recovery in the
second half to end the session with 0.61% gains.
Fortunately, yesterday, we did not extend Wednesday’s corrective
move and it was on our expected lines as we did not get carried
away by this pessimism. But, still, the Nifty needs to surpass the
8820 mark on a closing basis to confirm the resumption of
uptrend. Until then this consolidation phase remains intact. We
maintain our directionally positive bias on the market and hence,
would advise to use all dips to create positional longs in the
market. For the coming session, support levels remains at 8715 -
8670. On the upside, 8784 - 8820 is seen as immediate
resistance zone. It’s advisable to keep following stock centric
approach in order to fetch decent returns.
Key Levels
Support 1 - 8715
Resistance 1 - 8784
Support 2 - 8670
Resistance 2 - 8820
Nifty Bank Outlook - (20244)
Exhibit 2: Nifty Bank Daily Chart
Yesterday, post the gap up opening of around 80 points, the Nifty
Bank index started falling from initial trades. But, the corrective
move was short livened as the banking index started rebounding
after initial hour of correction. Then, the Nifty Bank index made a
high around 20300 levels and eventually ended the session with
gains of 0.40 percent over its previous close.
We witnessed one more day of a sideways movement. The
ongoing consolidation of last few days after a sharp rally of 2850
points in just 30 trading sessions is good for the index. Thus,
traders should not get carried away with intraday corrections and
are advised to trade on stock specific moves with proper risk
management. At current juncture, strong support for the Nifty
Bank index is placed around 20000 and 19800 levels; whereas
resistances are seen around 20370 and 20465.
Key Levels
Support 1 - 20000
Resistance 1 - 20370
Support 2 - 19800
Resistance 2 - 20465
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Technical & Derivatives Report
February 17, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.51%
BankNifty futures open interest has decreased by 0.63%
as market closed at 8778.00 levels.
The Nifty February future closed with a premium of 9.60
points against the premium of 18.40 points in last
trading session. The March series closed at a premium of
43.25 points.
The Implied Volatility of at the money options has
decreased from 12.21% to 11.50%. At the same time,
the PCR-OI of Nifty has increased from 1.05 to 1.08
levels.
The total OI of the market is Rs. 3,43,740/- cr. and the
stock futures OI is Rs. 91,029/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, RCOM, HAVELLS, IBREALEST
and SOUTHBANK.
Views
OI Gainers
Yesterday, FIIs were net sellers in cash market segment;
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
they sold equities worth Rs. 216 crores. While in index
CADILAHC
4254400
23.22
431.25
20.41
futures, they were buyers to the tune of Rs. 103 crores
JPASSOCIAT
158032000
21.42
13.65
12.81
with rise in open interest, indicating some fresh long
CEATLTD
2525600
19.35
1129.10
3.52
formation in previous trading session.
AMARAJABAT
1350000
16.52
852.25
0.26
In index option segment, FIIs were buyer worth Rs. 641
BANKINDIA
27534000
10.10
125.80
1.94
crores with marginal change in open interest. In call
DCBBANK
3096000
8.18
138.45
3.28
options, we hardly witnessed any strike adding relevant
WOCKPHARMA
3597000
7.90
686.40
3.94
build-up. However, decent amount of unwinding was
TATASTEEL
23904000
7.56
471.40
2.26
visible in 8800 and 9000 call options. On the other
hand, in put options, some build-up was seen in 8700
strike price. Highest OI in current series remains intact at
OI Losers
9000 call and 8500 put option.
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Yesterday, as expected Nifty rebounded from the lows
BATAINDIA
3218600
-5.95
497.05
1.83
and closed with the gains of 0.51%. FIIs continued
PFC
22698000
-5.92
131.35
2.74
forming fresh longs in index futures, however the
PAGEIND
41050
-5.63
14371.40
0.93
quantum was low. While, good amount of longs formed
GODREJIND
1084500
-5.37
506.75
-2.59
since the start of February series are still intact. Thus, we
RELCAPITAL
12387000
-5.28
490.60
3.69
continue to remain optimistic on market and would
SUNPHARMA
32673200
-4.96
649.35
4.05
suggest traders to trade with a positive bias unless we see
any meaningful change in data.
ARVIND
7318000
-4.09
377.20
2.13
CROMPGREAV
24900000
-3.80
66.45
2.00
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CADILAHC
96.02
NIFTY
1.08
0.96
COLPAL
19.42
BANKNIFTY
0.87
0.82
BHARATFORG
48.82
SBIN
0.45
0.32
VEDL
49.28
TATAMOTORS
0.40
0.58
INDIACEM
56.61
INFY
0.76
0.52
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Technical & Derivatives Report
February 17, 2017
FII Statistics for February 16, 2017
Turnover on February 16, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1967.99
1865.15
102.84
371997
25212.49
1.01
204458
14765.47
-26.44
FUTURES
FUTURES
INDEX
INDEX
45401.59
44760.61
640.98
1234932
83738.38
0.14
7963896
616413.70
41.80
OPTIONS
OPTIONS
STOCK
10368.47
10312.00
56.47
1082430
71353.51
(0.27)
STOCK
FUTURES
669850
46775.44
2.50
FUTURES
STOCK
STOCK
5930.64
5829.37
101.27
118244
8268.17
1.30
458186
33144.05
-10.69
OPTIONS
OPTIONS
TOTAL
63668.69
62767.13
901.56
2807603
188572.55
0.14
TOTAL
9296390
711098.65
32.29
Nifty Spot = 8778
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8700
47.50
Buy
8800
60.90
32.85
67.15
8732.85
34.70
65.30
8765.30
Sell
8800
14.65
Sell
8700
26.20
Buy
8700
47.50
Buy
8800
60.90
43.40
156.60
8743.40
49.70
150.30
8750.30
Sell
8900
4.10
Sell
8600
11.20
Buy
8800
14.65
Buy
8700
26.20
10.55
89.45
8810.55
15.00
85.00
8685.00
Sell
8900
4.10
Sell
8600
11.20
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 17, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,426
1,441
1,450
1,465
1,475
ADANIPORTS
290
294
299
303
308
AMBUJACEM
231
233
235
237
239
ASIANPAINT
954
962
976
984
998
AUROPHARMA
614
636
650
671
685
AXISBANK
484
488
491
496
499
BAJAJ-AUTO
2,749
2,766
2,783
2,800
2,817
BANKBARODA
162
164
166
168
170
BHEL
147
150
152
155
157
BPCL
654
662
670
677
685
BHARTIARTL
356
361
365
370
374
INFRATEL
313
316
320
323
327
BOSCH
21,431
21,628
21,948
22,146
22,465
CIPLA
571
578
582
589
592
COALINDIA
315
316
318
320
321
DRREDDY
2,745
2,834
2,888
2,977
3,032
EICHERMOT
24,346
24,839
25,159
25,652
25,973
GAIL
490
497
501
507
511
GRASIM
995
1,011
1,021
1,037
1,048
HCLTECH
820
833
840
852
859
HDFCBANK
1,314
1,321
1,327
1,334
1,340
HDFC
1,378
1,386
1,394
1,402
1,411
HEROMOTOCO
3,002
3,063
3,110
3,172
3,219
HINDALCO
180
184
186
190
193
HINDUNILVR
839
843
848
851
856
ICICIBANK
269
274
278
283
286
IDEA
105
106
108
109
111
INDUSINDBK
1,298
1,309
1,320
1,330
1,341
INFY
982
997
1,005
1,021
1,029
ITC
262
264
268
270
274
KOTAKBANK
772
782
790
801
809
LT
1,448
1,459
1,472
1,483
1,496
LUPIN
1,414
1,427
1,438
1,452
1,463
M&M
1,293
1,306
1,314
1,327
1,335
MARUTI
5,796
5,910
5,974
6,088
6,152
NTPC
168
169
170
171
172
ONGC
192
193
195
196
197
POWERGRID
198
199
201
203
204
RELIANCE
1,046
1,057
1,063
1,074
1,080
SBIN
265
268
272
275
280
SUNPHARMA
613
631
642
660
670
TCS
2,411
2,430
2,454
2,472
2,496
TATAMTRDVR
263
269
274
280
284
TATAMOTORS
431
438
443
451
455
TATAPOWER
80
82
83
84
85
TATASTEEL
450
460
466
476
482
TECHM
490
497
501
509
513
ULTRACEMCO
3,588
3,651
3,697
3,761
3,807
WIPRO
470
475
479
484
487
YESBANK
1,416
1,427
1,436
1,447
1,456
ZEEL
503
511
516
523
528
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Technical & Derivatives Report
February 17, 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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