Technical & Derivatives Report
September 18, 2017
Sensex (32273) / Nifty (10085)
Exhibit 1: Nifty Daily Chart
Although the Nifty index registered gains of 1.52 percent
during last week, the index has formed narrow range candles
in last three trading sessions.
The kind of activity we are observing since last three days is
quite obvious as traders seemed a bit unsure whether the
market has that much strength to cross record highs or not.
Hence, the next round of momentum in the upward direction
is possible only after surpassing this hurdle. Until then we are
likely to witness similar kind of uncertainty in a range of
10000 - 10138 with slightly higher volatility. A sustainable
move below the 10000 mark would apply brakes on the
recent optimism. At present, one needs to closely keep a track
of these important levels on the index and meanwhile, keep
focusing on individual stocks in order to obtain better trading
opportunities. A prudent strategy would be to stay light on
positions and should ideally be prepared with a proper exit
strategy.
Key Levels
Support 1 - 10028
Resistance 1 - 10120
Support 2 - 10000
Resistance 2 - 10138
Nifty Bank Outlook - (24844)
Exhibit 2: Nifty Bank Daily Chart
During last week, the Nifty Bank index gave a breakout from
the consolidation phase and traded with a positive bias to end
the week with gains of 1.94 percent.
As mentioned in our previous reports, the breakout from the
consolidation phase has resulted in the continuation of the
broader uptrend in the Nifty Bank index. The breakout zone
around 24500 should now act as a support base for short-
term. The near-term resistance is seen around the recent high
of 25199 (registered in 1st week of August). Unless any
reversal signs seen, short-term traders are advised to trade
with a positive bias. The intraday supports for the Nifty Bank
index are placed around
24760 and
24600 whereas
resistance is seen in the range of 24980-25025.
Key Levels
Support 1 - 24760
Resistance 1 - 24980
Support 2 - 24600
Resistance 2 - 25025
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Technical & Derivatives Report
September 18, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.12%
BankNifty futures open interest has decreased by 0.30%
as market closed at 10085.40 levels.
The Nifty September future closed with a premium of
16.55 points against the premium of 12.15 points in last
trading session. The October series closed at a premium
of 47.70 points.
The Implied Volatility of at the money options has
increased from 9.33 to 9.35. At the same time, the PCR-
OI of Nifty has decreased from 1.54 to 1.53.
Few of the liquid counters where we have seen high cost
of carry are IFCI, ADANIPOWER, KPIT, INFIBEAM and
GMRINFRA.
Views
FIIs were net buyers in both cash market segment and
index futures. They bought equities to the tune of Rs. 419
OI Gainers
crores. While in index futures they were net buyers of
OI
PRICE
SCRIP
OI
PRICE
Rs.134 crores with rise in open interest, suggesting long
CHG. (%)
CHG. (%)
formation in previous trading session.
GRASIM
3786750
57.34
1238.10
0.08
In index options front, they were net sellers of worth Rs.
ANDHRABANK
24170000
25.17
58.80
10.73
1032 crores with rise in open interest. In call options,
MFSL
5659000
20.12
617.60
2.68
10200 strike continue adding fresh positions. While,
SHREECEM
36700
15.05
18611.30
-1.29
some unwinding was visible in 10300 call option. On the
ALBK
14220000
14.96
72.80
3.41
other hand, some build-up was seen in
9900 put
BAJAJ-AUTO
1616250
14.85
3034.00
3.13
options; followed by unwinding in 9700 and 9950
NATIONALUM
18280000
12.06
80.40
-1.11
strikes. Maximum concentration of open interest is now
BERGEPAINT
2813800
11.80
265.55
-2.48
placed at 10200 call and 9900 put options.
Last week, the benchmark index (NIFTY) surpassed
OI Losers
10000 mark along with decent long formation. However,
OI
PRICE
SCRIP
OI
PRICE
participant wise data suggests retail participants have
CHG. (%)
CHG. (%)
bought index futures in recent up move; while, stronger
INFRATEL
5943200
-23.20
374.05
0.70
hands continue adding short positions. Unless we don’t
ONGC
51135000
-9.54
166.00
4.14
see any relevant change in data, Nifty may continue to
BIOCON
10591200
-6.62
347.90
0.97
trade between 9900-10200 levels. Hence, we would
VOLTAS
2762000
-6.44
545.60
-0.17
suggest traders to avoid taking aggressive position in
MRF
51165
-5.90
64570.20
0.68
index and focus on individual stocks to fetch higher
TORNTPHARM
317200
-5.60
1219.00
-0.53
returns.
HCC
26964000
-5.51
38.10
-1.80
TATAELXSI
844400
-5.38
1819.80
-0.28
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ANDHRABANK
57.54
NIFTY
1.53
1.15
ONGC
29.15
BANKNIFTY
1.17
1.04
BAJAJ-AUTO
26.90
RELIANCE
0.65
0.66
SYNDIBANK
40.21
INFY
0.32
0.31
MFSL
24.49
SBIN
0.41
0.44
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Technical & Derivatives Report
September 18, 2017
FII Statistics for September 15, 2017
Turnover on September 15, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1615.65
1481.72
133.93
238516
18626.85
1.38
177919
14624.45
15.75
FUTURES
FUTURES
INDEX
INDEX
41836.66
42868.17
(1031.51)
1047642
82138.91
2.92
3637933
308039.90
-65.71
OPTIONS
OPTIONS
STOCK
8062.11
9185.15
(1123.04)
831918
59363.07
3.05
STOCK
FUTURES
671569
49735.30
-2.78
FUTURES
STOCK
STOCK
6617.60
6642.13
(24.53)
91743
6948.99
2.84
494459
37729.26
-8.17
OPTIONS
OPTIONS
Total
58132.02
60177.17
(2045.15)
2209819
167077.81
2.79
TOTAL
4981880
410128.92
-59.12
Nifty Spot = 10085.40
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10100
73.10
Buy
10000
41.05
41.90
58.10
10141.90
16.20
83.80
9983.80
Sell
10200
31.20
Sell
9900
24.85
Buy
10100
73.10
Buy
10000
41.05
62.35
137.65
10162.35
25.60
174.40
9974.40
Sell
10300
10.75
Sell
9800
15.45
Buy
10200
31.20
Buy
9900
24.85
20.45
79.55
10220.45
9.40
90.60
9890.60
Sell
10300
10.75
Sell
9800
15.45
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
September 18, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,795
1,808
1,824
1,837
1,853
ADANIPORTS
400
402
406
409
413
AMBUJACEM
278
281
284
287
290
ASIANPAINT
1,217
1,231
1,240
1,255
1,264
AUROPHARMA
744
751
760
767
776
AXISBANK
507
511
516
520
525
BAJAJ-AUTO
2,853
2,939
2,988
3,074
3,122
BANKBARODA
143
144
145
146
147
BPCL
485
491
497
503
509
BHARTIARTL
388
392
397
402
407
INFRATEL
362
368
376
381
389
BOSCHLTD
21,515
21,667
21,809
21,960
22,102
CIPLA
552
557
561
566
570
COALINDIA
252
256
259
263
266
DRREDDY
2,175
2,193
2,219
2,237
2,263
EICHERMOT
31,470
31,739
31,919
32,188
32,369
GAIL
393
396
401
404
409
HCLTECH
858
872
883
898
908
HDFCBANK
1,826
1,838
1,845
1,856
1,863
HDFC
1,746
1,758
1,769
1,781
1,793
HEROMOTOCO
3,849
3,869
3,889
3,909
3,929
HINDALCO
238
243
246
251
255
HINDUNILVR
1,225
1,235
1,246
1,257
1,267
IBULHSGFIN
1,237
1,252
1,261
1,275
1,284
ICICIBANK
288
290
293
294
297
IOC
406
411
418
423
430
INDUSINDBK
1,669
1,684
1,706
1,721
1,743
INFY
884
896
905
917
926
ITC
266
267
270
272
275
KOTAKBANK
991
998
1,005
1,012
1,019
LT
1,192
1,202
1,212
1,222
1,232
LUPIN
980
995
1,005
1,020
1,030
M&M
1,275
1,285
1,294
1,304
1,313
MARUTI
8,012
8,056
8,087
8,131
8,163
NTPC
166
167
167
168
169
ONGC
156
161
165
170
173
POWERGRID
206
209
211
215
217
RELIANCE
825
833
843
852
861
SBIN
267
269
272
274
277
SUNPHARMA
508
516
522
530
536
TCS
2,471
2,488
2,503
2,520
2,535
TATAMTRDVR
224
226
229
231
234
TATAMOTORS
396
399
403
406
410
TATAPOWER
83
84
84
85
86
TATASTEEL
667
673
677
683
687
TECHM
433
438
443
449
454
ULTRACEMCO
4,154
4,183
4,204
4,233
4,255
VEDANTA
307
313
318
324
329
WIPRO
279
283
285
288
290
YESBANK
1,812
1,829
1,844
1,860
1,875
ZEEL
515
525
531
540
546
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Technical & Derivatives Report
September 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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