Technical & Derivatives Report
July 17, 2017
Sensex (32021) / Nifty (9886)
Exhibit 1: Nifty Daily Chart
During last week, the Nifty index gave a breakout above its
resistance of 9720 and rallied significantly to end the week
tad below the 9900 mark.
At present, we are undergoing a typical phase in the market
wherein you are stuck with your view and movement seen in
the market does not give any comfort to ride the tide. Some
observations with a slightly broader view are still holding us
back. Hence, we need to keep our rigidity intact and let go
these extended moves as we generally see such kind of
euphoric moves in the latter stage of any rally. As far as index
view is concerned, we continue to remain cautious on the
market and would advise staying light in the market (index
specific longs should be booked). However having said that,
one should not be ignoring the kind of spectacular trading
opportunities individual stocks are offering.
On daily chart, we can see yet another candlestick pattern
which resembles a ‘Hanging Man’ pattern precisely at 127%
retracement of the previous up move from 9448.75. Going
ahead, 9900 - 9920 would remain to be the levels to watch
out for in the upward direction; whereas, on the lower
side, 9845 - 9778 would be seen as immediate support
levels.
Key Levels
Support 1 - 9845
Resistance 1 - 9900
Support 2 - 9778
Resistance 2 - 9920
Nifty Bank Outlook - (23938)
Exhibit 2: Nifty Bank Daily Chart
In Friday's trading session, the Nifty Bank index opened on a
positive note and corrected lower during the session. However,
the Thursday's gap area in the index acted as a support and
the index recovered the losses in last hour of the day to end
the session tad below day's high. This has led to the formation
of a 'Dragonfly Doji pattern' on the daily chart. Thus, in near
term, Friday's low of 23755 will be a crucial support for the
Nifty Bank index. For short term traders, we continue with our
advice to focus on stock specific moves and trade with proper
risk management. The intraday supports for the Nifty Bank
index are placed around
23820 and
23755 whereas
resistances are seen around 24015 and 24140.
Key Levels
Support 1 - 23820
Resistance 1 - 24015
Support 2 - 23755
Resistance 2 - 24140
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Technical & Derivatives Report
July 17, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.16%
BankNifty futures open interest has increased by 1.49%
as market closed at 9886.35 levels.
The Nifty July future closed with a premium of 13.20
points against the discount of 4.20 points in last trading
session. The August series closed at a premium of 43.80
points.
The Implied Volatility of at the money options has
decreased from 9.41 to 8.61. At the same time, the PCR-
OI of Nifty has increased from 1.46 levels to 1.50.
Few of the liquid counters where we have seen high cost
of carry are RCOM, ANDHRABANK, IFCI, GMRINFRA
and GSFC.
Views
OI Gainers
On Friday, FIIs were net buyers in cash market segment
OI
PRICE
SCRIP
OI
PRICE
to the tune of Rs. 673 crores. While, in index futures they
CHG. (%)
CHG. (%)
sold of Rs. 311 crores with fall in open interest, indicating
CHENNPETRO
1225500
37.31
401.90
2.04
blend of long unwinding and fresh short formation in
ORIENTBANK
20340000
17.63
149.55
-0.23
previous trading session.
NATIONALUM
9224000
15.65
70.20
-3.77
In index options segment, 9900 call option added some
MANAPPURAM
17610000
15.19
101.55
2.73
positions, followed by winding in 9800 strike. On the flip
DCBBANK
8568000
13.60
202.75
1.76
side, we saw huge build-up in 9900, 9800 and 9750 put
SREINFRA
4715000
11.60
114.55
0.13
options and we believe FIIs are writing these put strikes
HEXAWARE
2478000
10.43
243.00
-1.70
expecting current the momentum to continue. Maximum
MINDTREE
3340800
8.67
516.90
0.20
open interest in July series in visible in 10000 call and
9600 put option.
OI Losers
Last week, the benchmark index rallied 2.40% with some
OI
PRICE
SCRIP
OI
PRICE
rise in open interest, indicating long formation. However,
CHG. (%)
CHG. (%)
if we look at FIIs data, they continue unwinding their
HINDALCO
45545500
-7.23
206.10
0.37
longs in index futures along with good amount of fresh
UJJIVAN
7981200
-6.60
347.35
-1.19
short formation. However, they bought good amount of
MUTHOOTFIN
2371500
-6.23
474.30
0.62
index call options in this upmove. At current juncture, we
BIOCON
12346200
-5.07
398.65
8.59
are hardly seeing any buying interest by stronger hands
EQUITAS
8451200
-4.86
170.40
-0.03
in index, but looking at their index options activity it seem
HINDZINC
12576000
-4.82
274.30
-0.87
the overall momentum may continue for current series.
MARUTI
1892550
-4.08
7559.55
-0.12
KAJARIACER
440000
-3.85
680.80
0.10
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
GAIL
33.67
NIFTY
1.50
1.30
AUROPHARMA
46.03
BANKNIFTY
1.40
0.95
STAR
36.20
INFY
0.50
0.64
BIOCON
75.92
HDFCBANK
0.60
0.32
CESC
37.89
ICICIBANK
0.67
0.45
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Technical & Derivatives Report
July 17, 2017
FII Statistics for July 14, 2017
Turnover on July 14, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
819.26
1130.15
(310.89)
278069
21397.23
(0.45)
153387
12862.44
-13.38
FUTURES
FUTURES
INDEX
INDEX
37346.79
37866.52
(519.72)
981626
75002.64
2.51
3670997
313106.46
-65.59
OPTIONS
OPTIONS
STOCK
7475.74
7428.57
47.17
968109
67179.87
(0.56)
STOCK
FUTURES
662798
46972.92
-0.20
FUTURES
STOCK
STOCK
6046.67
6001.83
44.84
91148
6538.14
2.72
546549
37778.75
15.61
OPTIONS
OPTIONS
Total
51688.46
52427.07
(738.61)
2318952
170117.88
0.86
TOTAL
5033731
410720.56
-59.11
Nifty Spot = 9886.35
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9900
64.35
Buy
9900
67.05
38.00
62.00
9938.00
29.95
70.05
9870.05
Sell
10000
26.35
Sell
9800
37.10
Buy
9900
64.35
Buy
9900
67.05
54.85
145.15
9954.85
45.85
154.15
9854.15
Sell
10100
9.50
Sell
9700
21.20
Buy
10000
26.35
Buy
9800
37.10
16.85
83.15
10016.85
15.90
84.10
9784.10
Sell
10100
9.50
Sell
9700
21.20
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
July 17, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,670
1,713
1,741
1,784
1,812
ADANIPORTS
372
374
376
378
380
AMBUJACEM
258
260
262
264
266
ASIANPAINT
1,103
1,110
1,119
1,127
1,136
AUROPHARMA
700
723
737
760
773
AXISBANK
505
509
512
516
519
BAJAJ-AUTO
2,749
2,779
2,798
2,829
2,847
BANKBARODA
160
163
165
167
169
BPCL
452
456
460
465
469
BHARTIARTL
400
403
406
410
412
INFRATEL
405
411
415
421
425
BOSCHLTD
24,012
24,188
24,318
24,493
24,623
CIPLA
536
542
547
553
557
COALINDIA
245
248
251
254
257
DRREDDY
2,666
2,685
2,705
2,723
2,743
EICHERMOT
27,396
27,651
27,896
28,151
28,396
GAIL
364
377
385
398
406
HCLTECH
837
843
852
859
867
HDFCBANK
1,665
1,673
1,679
1,687
1,693
HDFC
1,632
1,640
1,645
1,653
1,658
HEROMOTOCO
3,706
3,732
3,764
3,790
3,822
HINDALCO
202
204
206
208
209
HINDUNILVR
1,117
1,128
1,137
1,148
1,156
IBULHSGFIN
1,101
1,112
1,123
1,134
1,145
ICICIBANK
292
295
297
300
302
IOC
363
368
376
381
389
INDUSINDBK
1,561
1,568
1,575
1,582
1,590
INFY
941
956
982
997
1,022
ITC
332
335
337
340
342
KOTAKBANK
955
966
975
986
995
LT
1,148
1,160
1,171
1,183
1,195
LUPIN
1,123
1,131
1,144
1,152
1,164
M&M
1,362
1,369
1,376
1,382
1,389
MARUTI
7,486
7,522
7,555
7,591
7,624
NTPC
161
164
166
169
171
ONGC
156
157
159
160
161
POWERGRID
214
214
215
216
217
RELIANCE
1,508
1,521
1,528
1,541
1,549
SBIN
284
288
291
294
297
SUNPHARMA
563
568
573
578
584
TCS
2,349
2,373
2,399
2,423
2,449
TATAMTRDVR
268
270
273
276
279
TATAMOTORS
444
448
454
457
464
TATAPOWER
82
83
83
83
84
TATASTEEL
552
555
560
563
568
TECHM
382
385
389
393
397
ULTRACEMCO
4,159
4,191
4,214
4,246
4,270
VEDANTA
257
260
262
265
267
WIPRO
255
258
261
264
267
YESBANK
1,531
1,548
1,571
1,588
1,612
ZEEL
506
510
514
518
521
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Technical & Derivatives Report
July 17, 2017
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: derivatives.de[email protected]
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