Technical & Derivatives Report
March 17, 2017
Sensex (29586) / Nifty (9154)
Exhibit 1: Nifty Daily Chart
Yesterday's session opened with more than half a percent upside
gap in line with cheerful global markets after US Federal reserve
announced the 25bps rate hike on Wednesday. As a result, our
markets hit new all time high to close the session well above the
9100 mark for the first time ever.
For the second time in last three sessions, our markets opened
with decent upside gap to post record highs in our markets.
Although, the intraday trading range was very narrow, we
witnessed tremendous buying interest in individual stocks. Going
forward, we would expect this optimism to continue in the market
and expect the Nifty to keep marching higher, first towards 9200
and then towards our near term target of 9400 - 9600 (price
extension of previous up move from recent low of 7893.80) over
the next few weeks. On the downside, yesterday’s gap area of
9107 - 9129 would act as a strong support zone.
Key Levels
Support 1 - 9129
Resistance 1 - 9200
Support 2 - 9107
Resistance 2 - 9245
Nifty Bank Outlook - (21158)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened with a positive bias yesterday and
traded in a narrow range throughout the session. However, the
stock specific momentum within the index was clearly positive and
as we had highlighted yesterday, the PSU Banking stocks seem to
be gaining positive momentum now. We expect this uptrend to
continue and hence advise traders to trade with positive bias.
Positionally, we expect the index to rally up to 21882 and 22932,
which are the targets as per the reciprocal retracements of the
previous corrective move. The near-term supports for the index
are placed around 21060 and 20876 whereas resistance is seen
in the range of 21377 and 21793.
Key Levels
Support 1 - 21060
Resistance 1 - 21377
Support 2 - 20876
Resistance 2 - 21793
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Technical & Derivatives Report
March 17, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.25%
BankNifty futures open interest has decreased by 1.85%
as market closed at 9153.70 levels.
The Nifty March future closed with a premium of 22.45
points against the premium of 24.50 points in last
trading session. The April series closed at a premium of
47.85 points.
The Implied Volatility of at the money options has
decreased from 10.79% to 9.87%. At the same time, the
PCR-OI of Nifty has increased from 1.03 to 1.09 levels.
The total OI of the market is Rs. 3,41,815/- cr. and the
stock futures OI is Rs. 96,106/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, SOUTHBANK, JPASSOCIAT,
UPL and IDFCBANK.
Views
FIIs continue pouring liquidity in cash market segment;
OI Gainers
they bought equities to the tune of Rs. 1360 crores.
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
While, in index futures also they were buyers worth Rs.
RELCAPITAL
12607500
19.64
605.90
8.45
858 crores with rise in open interest, suggesting good
GODREJIND
1669500
19.42
515.55
3.02
amount of long formation in previous trading session.
STAR
1795500
12.96
1148.10
-0.47
In index options, FIIs bought of Rs. 1484 crores with
PCJEWELLER
1020000
12.03
418.80
8.04
marginal change in open interest. In call option, except
JUSTDIAL
3130800
11.78
613.50
4.26
for some buildup in 9200 strike, we hardly witnessed any
SUNTV
7830000
11.54
761.80
1.91
strike adding meaningful OI. However, good amount of
HINDZINC
14121600
10.55
295.10
2.00
unwinding was seen in 9000 and 9100 call options. On
the other hand in put options, 9100 and 9200 strikes
COALINDIA
18246100
9.94
293.30
-0.29
added decent buildup and we believe these are long
positions formed by retail participants. Highest open
OI Losers
interest in March series is placed at 9200 call and 8800
OI
PRICE
SCRIP
OI
PRICE
put options.
CHG. (%)
CHG. (%)
TORNTPOWER
5034000
-11.17
201.20
4.90
Yesterday, market continued its up move after a gap up
SAIL
49536000
-9.23
63.95
5.97
opening and FIIs too actively participated by buying in
VEDL
39956000
-7.38
265.00
3.27
cash segment and index futures. They also formed fresh
longs in 9200 call option. While, longs formed in past
HINDALCO
42556500
-6.54
199.20
3.89
few series are still intact. Hence, we continue to remain
APOLLOTYRE
14280000
-6.24
196.35
1.06
optimistic on market and expect Nifty to test 9200-9250
COLPAL
1082900
-5.44
978.70
2.26
in near term. Thus, traders are suggested to hold on to
MRF
52770
-5.02
56549.25
0.04
their longs unless we see any relevant change in data.
RCOM
106560000
-4.54
38.20
3.95
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
PCJEWELLER
46.83
NIFTY
1.09
1.09
RELCAPITAL
53.72
BANKNIFTY
0.94
0.81
BEL
33.93
RELIANCE
0.74
0.57
SAIL
45.20
SBIN
0.56
0.39
ADANIPORTS
39.26
ICICIBANK
0.58
0.62
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Technical & Derivatives Report
March 17, 2017
FII Statistics for March 16, 2017
Turnover on March 16, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2323.49
1465.52
857.97
391450
27412.93
4.12
168155
12487.75
17.81
FUTURES
FUTURES
INDEX
INDEX
32803.60
31319.84
1483.76
1031120
71983.54
0.90
6908023
561862.19
109.97
OPTIONS
OPTIONS
STOCK
7538.68
7704.93
(166.25)
1064761
73416.22
1.00
STOCK
FUTURES
642569
48643.33
9.17
FUTURES
STOCK
STOCK
4573.12
4751.44
(178.33)
105086
7511.15
3.28
397577
30819.07
14.44
OPTIONS
OPTIONS
TOTAL
47238.89
45241.74
1997.15
2592417
180323.85
1.51
TOTAL
8116324
653812.34
86.98
Nifty Spot = 9153.70
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9200
58.55
Buy
9100
42.90
34.90
65.10
9234.90
20.95
79.05
9079.05
Sell
9300
23.65
Sell
9000
21.95
Buy
9200
58.55
Buy
9100
42.90
50.55
149.45
9250.55
31.35
168.65
9068.65
Sell
9400
8.00
Sell
8900
11.55
Buy
9300
23.65
Buy
9000
21.95
15.65
84.35
9315.65
10.40
89.60
8989.60
Sell
9400
8.00
Sell
8900
11.55
Note: Above mentioned Bullish or Bearish Spreads in Nifty (March Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
March 17, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,412
1,417
1,424
1,429
1,436
ADANIPORTS
306
316
322
332
337
AMBUJACEM
231
233
235
237
238
ASIANPAINT
1,061
1,074
1,082
1,095
1,103
AUROPHARMA
672
680
686
694
701
AXISBANK
508
511
514
517
519
BAJAJ-AUTO
2,832
2,884
2,915
2,967
2,997
BANKBARODA
165
167
168
170
171
BHEL
167
168
169
170
171
BPCL
632
640
645
652
657
BHARTIARTL
355
358
362
364
368
INFRATEL
308
309
311
312
313
BOSCH
22,687
22,807
22,910
23,030
23,132
CIPLA
594
598
602
606
610
COALINDIA
289
290
293
295
297
DRREDDY
2,734
2,743
2,754
2,763
2,774
EICHERMOT
24,048
24,281
24,432
24,665
24,816
GAIL
375
377
378
380
381
GRASIM
1,036
1,043
1,052
1,059
1,067
HCLTECH
842
849
856
863
871
HDFCBANK
1,409
1,413
1,418
1,422
1,427
HDFC
1,422
1,436
1,445
1,460
1,469
HEROMOTOCO
3,311
3,329
3,360
3,378
3,409
HINDALCO
190
195
197
201
204
HINDUNILVR
888
897
905
914
922
ICICIBANK
280
282
285
287
290
IDEA
109
111
113
115
117
INDUSINDBK
1,341
1,359
1,371
1,389
1,401
INFY
1,006
1,018
1,025
1,036
1,043
ITC
265
267
269
271
273
KOTAKBANK
845
848
852
855
859
LT
1,551
1,561
1,568
1,578
1,585
LUPIN
1,446
1,451
1,455
1,460
1,464
M&M
1,310
1,315
1,324
1,330
1,339
MARUTI
6,103
6,129
6,158
6,184
6,212
NTPC
158
160
161
162
163
ONGC
190
191
192
193
195
POWERGRID
192
193
194
196
197
RELIANCE
1,284
1,291
1,301
1,308
1,317
SBIN
274
277
279
281
283
SUNPHARMA
700
705
712
718
725
TCS
2,497
2,509
2,518
2,530
2,539
TATAMTRDVR
286
290
292
295
297
TATAMOTORS
474
477
480
483
486
TATAPOWER
83
85
86
87
88
TATASTEEL
475
487
494
506
513
TECHM
476
478
481
484
487
ULTRACEMCO
3,988
4,022
4,058
4,092
4,128
WIPRO
492
496
499
504
507
YESBANK
1,504
1,516
1,531
1,543
1,558
ZEEL
519
522
525
528
531
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Technical & Derivatives Report
March 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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