Technical & Derivatives Report
April 18, 2017
Sensex (29461) / Nifty (9139)
Exhibit 1: Nifty Daily Chart
Fortunately, the rising geopolitical tensions over the weekend did
not have any rub off effect on our market. The index opened
marginally in the red and traded within a narrow range of 40
points throughout the session to conclude with a negligible loss.
So overall, it’s been a quite day for our markets as we did not
break any important support level during the day.
With reference to our earlier articles, the Nifty seems to have a
cluster of support in the range of 9130 - 9050 levels. If we look
at yesterday’s modest recovery after posting a low of 9120.25,
this mentioned support zone has showed its significance and
hence, we continue to remain upbeat on the market as far as the
direction is concerned. On the flipside, 9180 is now likely to act
as an intraday hurdle. The positivity would resume only once the
index manages to surpass this resistance convincingly. In this
case, we would expect resumption of the recent uptrend towards
9226 - 9246 levels.
Key Levels
Support 1 - 9130
Resistance 1 - 9226
Support 2 - 9050
Resistance 2 - 9246
Nifty Bank Outlook - (21648)
Exhibit 2: Nifty Bank Daily Chart
The BankNifty started the preceding of the week on a flat note
and breached Thursday’s low in initial trades. However, we
witnessed some recovery from lower levels and as a result, the
banking index ended the session with the minor loss of 0.18
percent over its previous close.
Yesterday’s move was just a part of a time wise correction; which
indeed is must for a sustainable rally. At current juncture, the
'20 EMA' on daily chart and ‘5 EMA’ on weekly chart are crucial
support levels for BankNifty as the index has not closed below the
same in last three months. The mentioned support levels are
placed at 21385 and 21445 respectively. Considering the current
chart structure, we advise traders to continue with the optimistic
view and revise the stop losses on their existing positions below
the mentioned support band. On the flipside, the index has
potential to move higher towards 22410, which is the 161.8%
reciprocal retracement of the previous corrective move from
20575 to 17607. However, the intraday resistance for the index
are placed around 21793 and 22000.
Key Levels
Support 1 - 21445
Resistance 1 - 21793
Support 2 - 21385
Resistance 2 - 22000
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Technical & Derivatives Report
April 18, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.03%
BankNifty futures open interest has increased by 0.11%
as market closed at 9139.30 levels.
The Nifty April future closed with a premium of 29.05
points against the premium of 31.45 points in last
trading session. The May series closed at a premium of
53.15 points.
The Implied Volatility of at the money options has
increased from 10.39% to 11.19%. At the same time, the
PCR-OI of Nifty remained unchanged at 1.09 levels.
The total OI of the market is Rs. 3,06,446/- cr. and the
stock futures OI is Rs. 1,01,132/- cr.
Few of the liquid counters where we have seen high cost
of carry are DALMIABHA, INFIBEAM, IFCI, GMRINFRA
and JINDALSTEL.
Views
OI Gainers
Yesterday, FIIs were net sellers in cash market segment to
OI
PRICE
SCRIP
OI
PRICE
the tune of Rs. 251 crores. While, in index futures their
CHG. (%)
CHG. (%)
overall activity remained subdued.
DALMIABHA
478800
44.83
2116.10
-0.37
In index options, FIIs bought worth Rs. 616 crores with
HDIL
30112000
22.17
93.50
8.66
decent amount of rise in open interest. We observed
PVR
284400
18.50
1591.05
1.45
9200-9250 call and 9100 put options being quite active
DLF
41785000
16.56
173.35
7.97
and they also added decent positions. Highest open
ESCORTS
1060400
14.63
552.95
0.70
interest in current (April) series is placed at 9300 call and
CEATLTD
2198000
11.47
1446.40
1.12
9000 put options.
NTPC
24144000
11.28
160.20
-2.85
Nifty corrected 1.27% (from 9287 levels) in last few days
DCBBANK
7524000
9.50
173.50
-4.01
but we hardly saw open interest escalating for a single
day; suggesting absence of short formation in this
OI Losers
corrective move. However, reduction in open interest
OI
PRICE
(Nifty) is also far less than the long positions formed in
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
last two-three series. In options front, FIIs have been
IBREALEST
24560000
-38.92
147.75
38.67
continuously buying put options and looking at their
INFIBEAM
1251600
-7.18
1083.90
5.18
overall activity we believe that the build-up seen in put
TORNTPHARM
238800
-5.84
1469.05
0.58
options is mainly to hedge their longs intact in index
SRF
916000
-4.48
1707.00
0.70
futures. Thus, we believe currently Nifty is in a
BAJAJ-AUTO
1413250
-4.35
2853.65
0.15
consolidation phase and has very limited downside.
HEXAWARE
4131000
-3.77
206.75
0.27
Hence, any positive trigger in market may lead index
MUTHOOTFIN
1224000
-3.20
395.85
0.92
rebounding to 9300-9350 levels.
APOLLOTYRE
12870000
-3.03
229.35
2.69
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
IBREALEST
170.49
NIFTY
1.09
0.98
HDIL
53.56
BANKNIFTY
1.10
0.87
DLF
51.45
INFY
0.45
0.50
GAIL
28.73
RELIANCE
0.52
0.38
NTPC
25.34
SBIN
0.55
0.48
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Technical & Derivatives Report
April 18, 2017
FII Statistics for April 17, 2017
Turnover on April 17, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
529.97
609.05
(79.08)
315937
22374.67
0.09
117331
8853.57
-23.23
FUTURES
FUTURES
INDEX
INDEX
21581.24
20965.48
615.76
912633
63818.40
1.43
2693393
207725.48
-66.19
OPTIONS
OPTIONS
STOCK
5461.13
5501.35
(40.22)
1179248
79564.80
(0.23)
STOCK
FUTURES
531454
42602.44
0.45
FUTURES
STOCK
STOCK
5442.01
5496.21
(54.20)
93418
6800.95
0.71
413306
33116.21
-4.95
OPTIONS
OPTIONS
TOTAL
33014.36
32572.10
442.26
2501236
172558.83
0.45
TOTAL
3755484
292297.70
-58.43
Nifty Spot = 9139.30
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9100
108.30
Buy
9200
82.95
57.70
42.30
9157.70
39.70
60.30
9160.30
Sell
9200
50.60
Sell
9100
43.25
Buy
9100
108.30
Buy
9200
82.95
90.50
109.50
9190.50
61.50
138.50
9138.50
Sell
9300
17.80
Sell
9000
21.45
Buy
9200
50.60
Buy
9100
43.25
32.80
67.20
9232.80
21.80
78.20
9078.20
Sell
9300
17.80
Sell
9000
21.45
Note: Above mentioned Bullish or Bearish Spreads in Nifty (April Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
April 18, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,458
1,481
1,498
1,520
1,537
ADANIPORTS
312
316
322
326
331
AMBUJACEM
238
242
245
250
252
ASIANPAINT
1,042
1,051
1,065
1,074
1,089
AUROPHARMA
645
649
655
659
665
AXISBANK
496
499
504
507
512
BAJAJ-AUTO
2,810
2,831
2,845
2,866
2,880
BANKBARODA
174
175
176
178
179
BPCL
707
716
727
735
746
BHARTIARTL
336
339
341
344
346
INFRATEL
332
338
347
353
362
BOSCHLTD
22,231
22,522
22,948
23,239
23,666
CIPLA
570
573
577
580
583
COALINDIA
282
284
287
289
293
DRREDDY
2,607
2,634
2,679
2,706
2,751
EICHERMOT
25,902
26,014
26,187
26,299
26,472
GAIL
374
384
390
401
407
GRASIM
1,050
1,061
1,069
1,080
1,087
HCLTECH
792
801
809
819
827
HDFCBANK
1,421
1,429
1,436
1,444
1,452
HDFC
1,463
1,471
1,483
1,491
1,503
HEROMOTOCO
3,187
3,214
3,229
3,256
3,271
HINDALCO
178
180
181
183
185
HINDUNILVR
905
910
917
921
928
IBULHSGFIN
940
958
974
993
1,009
ICICIBANK
278
280
283
285
288
IOC
411
418
425
431
438
INDUSINDBK
1,417
1,426
1,434
1,443
1,451
INFY
918
922
927
930
935
ITC
272
276
279
283
286
KOTAKBANK
869
878
884
893
899
LT
1,662
1,672
1,681
1,690
1,699
LUPIN
1,392
1,405
1,424
1,436
1,455
M&M
1,258
1,264
1,271
1,277
1,284
MARUTI
5,975
6,045
6,091
6,162
6,208
NTPC
154
157
161
163
168
ONGC
181
182
184
185
187
POWERGRID
197
200
201
204
206
RELIANCE
1,354
1,373
1,384
1,403
1,415
SBIN
286
288
290
292
295
SUNPHARMA
664
671
677
683
689
TCS
2,277
2,296
2,314
2,333
2,352
TATAMTRDVR
272
274
276
278
281
TATAMOTORS
442
446
451
454
459
TATAPOWER
83
84
84
85
85
TATASTEEL
455
459
463
467
472
TECHM
414
418
424
428
434
ULTRACEMCO
3,964
3,982
4,011
4,030
4,059
WIPRO
487
490
493
495
498
YESBANK
1,589
1,600
1,613
1,624
1,637
ZEEL
512
516
522
527
533
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Technical & Derivatives Report
April 18, 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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