Technical & Derivatives Report
May 18, 2017
Sensex (30595) / Nifty (9526)
Exhibit 1: Nifty Daily Chart
The Nifty index consolidated in a narrow range yesterday and
ended the session with minor gains of 0.14 percent. However, we
saw stock specific momentum yesterday in some of the index
heavyweights which continued to trade with positive bias. The
Nifty Metal index was clearly the outperformer as Tata Steel
posted gains of over
8 percent post its quarterly results
announced yesterday.
Yesterday's narrow range candle in Nifty does not imply any
significant change in the chart structure. Today, SGX Nifty is
indicating a gap down opening of around half a percent; but, the
broader trend for the index continues to remain positive and
hence, we continue to maintain our optimistic view on the market.
In near term, we expect the index to rally towards our projected
target zone of 9600 (target projection as per the 'Flag' pattern
breakout). For intraday, 9456 is a strong support and any
intraday dips should be used as a buying opportunity.
Key Levels
Support 1 - 9456
Resistance 1 - 9565
Support 2 - 9400
Resistance 2 - 9600
Nifty Bank Outlook - (22936)
Exhibit 2: Nifty Bank Daily Chart
Yesterday, the Bank Nifty index started the session with minor
gains and continued to trade in a narrow range throughout the
session. Eventually, the banking index concluded the session
almost near its previous day's close.
Yesterday's move does not imply any change in the trend and
hence, we continue to advise traders to trade with positive bias
and look for stock specific opportunities. The intraday supports for
the Nifty Bank index are placed around 22727 and 22578
whereas resistances are seen around 23000 and 23200.
Key Levels
Support 1 - 22727
Resistance 1 - 23000
Support 2 - 22578
Resistance 2 - 23200
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Technical & Derivatives Report
May 18, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.80%
BankNifty futures open interest has increased by 0.19%
as market closed at 9525.75 levels.
The Nifty May future closed with a premium of 8.00
points against the premium of 9.90 points in last trading
session. The June series closed at a premium of 7.10
points.
The Implied Volatility of at the money options has
decreased from 9.37% to 9.33%. At the same time, the
PCR-OI of Nifty has increased from 1.34 to 1.41 levels.
The total OI of the market is Rs. 3,45,102/- cr. and the
stock futures OI is Rs. 1,09,522/- cr.
Few of the liquid counters where we have seen high cost
of carry are SUZLON, SYNDIBANK, NHPC, SOUTHBANK
and GSFC.
Views
FIIs were net sellers in both cash market segment and
OI Gainers
index futures. They sold equities of worth Rs. 731 crores.
OI
PRICE
SCRIP
OI
PRICE
While, they were marginal sellers in index futures with
CHG. (%)
CHG. (%)
rise in open interest, indicating blend of both long and
CAPF
6568800
365.48
727.40
-4.86
short formation in yesterday’s trading session.
MRPL
6291000
36.26
135.70
2.84
In index options front, they were marginal buyer with
INFIBEAM
2133600
34.26
999.45
1.33
good amount of rise in open interest. In Nifty options,
TATAMTRDVR
23998800
19.15
271.95
1.53
some fresh positions were formed in 9600 and 9650 call
MGL
394200
13.86
1012.55
1.82
options; followed by unwinding in 9400 strike. On the
GLENMARK
8668800
12.64
699.95
-2.34
other hand, 9500 and 9400 put options continued
ALBK
21780000
12.56
87.75
-2.39
adding significant positions. The highest open interest in
NBCC
3882000
10.32
201.25
0.98
May series remains intact at 9500 call and 9300 put
options.
OI Losers
PCR-OI of Nifty
(1.41) surged at four years high
OI
PRICE
SCRIP
OI
PRICE
yesterday; this is mainly because of meaningful short
CHG. (%)
CHG. (%)
formation in put option which is certainly not an
JINDALSTEL
48717000
-8.04
116.30
1.75
alarming sign for bulls. Stronger hands (FIIs) have been
HDIL
34920000
-6.23
95.55
-2.50
repetitively writing index puts along with fresh long
AMARAJABAT
1644000
-5.32
937.65
1.21
addition in index call options since last couple of days,
CEATLTD
1957200
-5.19
1706.90
5.26
suggesting they remain hopeful on our market. Taking
ICIL
13454000
-4.85
194.80
-2.06
into consideration the above data, we continue
GODREJIND
2334000
-4.13
588.00
0.50
maintaining our optimistic stance on market and would
TATASTEEL
36808000
-4.09
494.55
7.92
suggest traders to remain with trend
HEROMOTOCO
1235400
-4.07
3644.50
0.59
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TATASTEEL
47.21
NIFTY
1.41
1.08
SHREECEM
39.86
BANKNIFTY
1.22
0.94
CEATLTD
57.77
RELIANCE
0.36
0.34
CAPF
42.00
YESBANK
0.38
0.59
PNB
47.12
ICICIBANK
0.83
0.70
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Technical & Derivatives Report
May 18, 2017
FII Statistics for May 17, 2017
Turnover on May 17, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1322.27
1330.13
(7.86)
258335
19159.07
3.12
129657
10198.10
-30.60
FUTURES
FUTURES
INDEX
INDEX
34007.65
33983.69
23.96
1012712
73811.81
5.60
4022324
333760.29
-12.49
OPTIONS
OPTIONS
STOCK
7796.24
7817.25
(21.02)
1096653
74336.96
1.70
STOCK
FUTURES
712850
53232.47
3.84
FUTURES
STOCK
STOCK
7849.09
7959.72
(110.62)
104993
7562.38
4.53
577226
45070.83
11.00
OPTIONS
OPTIONS
TOTAL
50975.24
51090.79
(115.55)
2472693
174870.23
3.53
TOTAL
5442057
442261.69
-9.36
Nifty Spot = 9525.75
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9500
72.20
Buy
9600
90.85
46.65
53.35
9546.65
49.50
50.50
9550.50
Sell
9600
25.55
Sell
9500
41.35
Buy
9500
72.20
Buy
9600
90.85
66.00
134.00
9566.00
72.90
127.10
9527.10
Sell
9700
6.20
Sell
9400
17.95
Buy
9600
25.55
Buy
9500
41.35
19.35
80.65
9619.35
23.40
76.60
9476.60
Sell
9700
6.20
Sell
9400
17.95
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
May 18, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,665
1,680
1,705
1,719
1,744
ADANIPORTS
343
346
350
353
358
AMBUJACEM
255
257
258
260
262
ASIANPAINT
1,128
1,141
1,150
1,164
1,173
AUROPHARMA
593
600
612
619
631
AXISBANK
494
499
503
507
511
BAJAJ-AUTO
2,983
3,011
3,029
3,058
3,076
BANKBARODA
188
190
192
194
196
BPCL
718
723
728
733
739
BHARTIARTL
366
371
376
381
386
INFRATEL
366
378
387
399
409
BOSCHLTD
23,833
24,012
24,284
24,463
24,734
CIPLA
557
560
563
566
569
COALINDIA
273
275
276
278
279
DRREDDY
2,654
2,696
2,728
2,769
2,801
EICHERMOT
28,793
28,943
29,122
29,272
29,450
GAIL
402
405
409
412
416
GRASIM
1,143
1,157
1,166
1,180
1,190
HCLTECH
837
845
850
859
863
HDFCBANK
1,544
1,551
1,558
1,565
1,572
HDFC
1,537
1,545
1,558
1,566
1,579
HEROMOTOCO
3,553
3,599
3,642
3,688
3,731
HINDALCO
194
197
198
201
203
HINDUNILVR
983
996
1,004
1,017
1,025
IBULHSGFIN
1,037
1,059
1,074
1,097
1,112
ICICIBANK
302
306
308
312
314
IOC
438
441
445
449
453
INDUSINDBK
1,403
1,414
1,431
1,443
1,460
INFY
937
945
952
960
966
ITC
277
279
282
284
287
KOTAKBANK
936
944
953
961
970
LT
1,716
1,736
1,750
1,769
1,783
LUPIN
1,278
1,289
1,297
1,308
1,317
M&M
1,351
1,365
1,375
1,389
1,398
MARUTI
6,848
6,903
6,941
6,996
7,034
NTPC
156
158
160
161
163
ONGC
182
183
185
186
188
POWERGRID
205
207
208
210
212
RELIANCE
1,337
1,345
1,356
1,363
1,374
SBIN
304
306
307
309
311
SUNPHARMA
640
646
649
655
658
TCS
2,409
2,432
2,446
2,470
2,484
TATAMTRDVR
262
266
270
274
278
TATAMOTORS
428
439
446
456
463
TATAPOWER
83
84
85
86
87
TATASTEEL
453
473
486
507
519
TECHM
420
425
434
440
449
ULTRACEMCO
4,438
4,454
4,472
4,489
4,506
WIPRO
503
507
512
516
522
YESBANK
1,430
1,442
1,463
1,475
1,496
ZEEL
512
518
522
528
532
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Technical & Derivatives Report
May 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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