Technical & Derivatives Report
September 19, 2017
Sensex (32424) / Nifty (10153)
Exhibit 1: Nifty Daily Chart
Our markets had a pleasant start for the week as traders
across the globe seemed quite cheerful and as a result, recent
record high of 10137.85 was conquered in the opening trade
of the day. Subsequently, we witnessed a narrow range activity
with a positive bias throughout the day.
Finally, after a lot of time-wise pain, our markets moved one
step ahead and registered new highs beyond the 10150
mark. Although, we have not been so aggressively
participating in index specific moves of late, our strategy to
focus on stock specific longs continued and has given much
better results as compared to the index. Therefore, we would
stick to this ploy going forward as we saw good broad based
buying interest during the day. As far as next trading range is
concerned, we expect the index to gradually move towards
10200 - 10250, which is not far away from yesterday’s close.
On the other hand, the base has shifted higher and hence,
10043 would now be seen as a key support level.
Key Levels
Support 1 - 10085
Resistance 1 - 10200
Support 2 - 10043
Resistance 2 - 10250
Nifty Bank Outlook - (25047)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index started the week on a cheerful note as
the index opened gap up and traded with a positive bias
throughout the session.
Yesterday's move marks a continuation of the short-term
uptrend which we have been witnessing post the recent
breakout. The ongoing momentum along with the broad
market participation indicates that the near-term uptrend
should continue. The index is fast approaching the recent high
of 25198.80 (2nd August high) and unless any reversal signs
seen, traders should continue to trade with a positive bias. The
intraday supports for the Nifty bank index are placed around
24940 and 24790 whereas resistances are seen around
25150 and 25200.
Key Levels
Support 1 - 24940
Resistance 1 - 25150
Support 2 - 24790
Resistance 2 - 25200
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Technical & Derivatives Report
September 19, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.53%
BankNifty futures open interest has increased by 3.69%
as market closed at 10153.10 levels.
The Nifty September future closed with a premium of
22.20 points against the premium of 16.55 points in last
trading session. The October series closed at a premium
of 58.60 points.
The Implied Volatility of at the money options has
decreased from 9.35 to 9.34. At the same time, the PCR-
OI of Nifty has increased from 1.53 to 1.57.
Few of the liquid counters where we have seen high cost
of carry are INFIBEAM, IDBI, HDIL, NATIONALUM and
ICICIPRULI.
Views
FIIs activity in cash market segment remained subdued.
While in index futures they were net sellers of Rs.198
OI Gainers
crores with rise in open interest, suggesting short
OI
PRICE
SCRIP
OI
PRICE
formation in previous trading session.
CHG. (%)
CHG. (%)
In index options front, they were net sellers of worth
JUSTDIAL
5815200
16.49
412.05
6.79
Rs. 1028 crores with rise in open interest. In call options,
INDIGO
2314800
14.75
1168.35
-1.05
10200-10300 strikes continue adding fresh positions.
MFSL
6426000
13.55
630.90
2.15
While, good amount of unwinding was visible in 10000
JUBLFOOD
2651500
12.66
1429.30
4.71
and
10100 call options. On the other hand, we
BALKRISIND
698000
10.51
1752.60
4.21
witnessed huge amount of open interest build-up in
BAJAJ-AUTO
1778250
10.02
3136.95
3.39
10000, 10150 and 10200 put options; followed by
CGPOWER
24516000
8.73
82.60
-1.31
unwinding
in
9700-9900 strikes.
Maximum
MRF
55620
8.71
65200.45
0.98
concentration of open interest for put options has now
shifted higher to 10000 and of call option remains intact
OI Losers
in 10200 strike price.
OI
PRICE
SCRIP
OI
PRICE
It was a good start for the week, as the benchmark index
CHG. (%)
CHG. (%)
(NIFTY) clocked a new record high and closed above
POWERGRID
14580000
-9.01
215.40
1.34
10150 mark. Nifty as well as BankNifty continues adding
ADANIPORTS
7997500
-8.39
404.35
-0.33
fresh long positions. FIIs were sellers in index futures; but
ALBK
13340000
-6.19
73.15
0.48
writing in put options suggests momentum to continue in
ZEEL
6410300
-5.83
543.35
1.68
near term. However, looking at strong momentum in
BERGEPAINT
2659800
-5.47
268.50
1.11
individual stock, we would advise traders to prefer stock
EXIDEIND
12964000
-5.37
224.45
2.77
specific approach to fetch higher returns.
IDEA
61733000
-4.69
82.55
3.19
HINDZINC
9782400
-4.23
311.10
1.75
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
INFIBEAM
52.64
NIFTY
1.57
1.29
INFRATEL
30.19
BANKNIFTY
1.23
1.14
DHFL
47.86
RELIANCE
0.64
0.42
BAJAJ-AUTO
31.12
INFY
0.33
0.41
JUSTDIAL
54.97
SBIN
0.38
0.33
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Technical & Derivatives Report
September 19, 2017
FII Statistics for September 18, 2017
Turnover on September 18, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1045.52
1243.14
(197.62)
243699
19177.13
2.17
124171
10537.12
-27.95
FUTURES
FUTURES
INDEX
INDEX
31492.32
32519.97
(1027.64)
1064036
84144.21
1.56
3588966
311058.13
0.98
OPTIONS
OPTIONS
STOCK
6216.94
6133.10
83.84
839788
60375.57
0.95
STOCK
FUTURES
602733
45600.32
-8.31
FUTURES
STOCK
STOCK
5830.76
5827.78
2.98
95479
7285.43
4.07
477463
37026.81
-1.86
OPTIONS
OPTIONS
Total
44585.54
45723.98
(1138.44)
2243002
170982.34
1.50
TOTAL
4793333
404222.38
-1.44
Nifty Spot = 10153.10
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10200
51.05
Buy
10100
38.25
32.85
67.15
10232.85
17.20
82.80
10082.80
Sell
10300
18.20
Sell
10000
21.05
Buy
10200
51.05
Buy
10100
38.25
45.30
154.70
10245.30
25.80
174.20
10074.20
Sell
10400
5.75
Sell
9900
12.45
Buy
10300
18.20
Buy
10000
21.05
12.45
87.55
10312.45
8.60
91.40
9991.40
Sell
10400
5.75
Sell
9900
12.45
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 19, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,806
1,816
1,832
1,842
1,857
ADANIPORTS
393
399
404
409
414
AMBUJACEM
278
280
284
286
289
ASIANPAINT
1,243
1,250
1,255
1,262
1,267
AUROPHARMA
738
750
761
773
785
AXISBANK
515
520
523
528
531
BAJAJ-AUTO
3,007
3,072
3,111
3,176
3,214
BANKBARODA
142
144
146
148
151
BPCL
486
492
499
505
513
BHARTIARTL
392
394
398
400
404
INFRATEL
368
378
385
396
403
BOSCHLTD
21,690
21,800
21,970
22,080
22,250
CIPLA
556
564
568
575
579
COALINDIA
258
261
263
266
268
DRREDDY
2,142
2,192
2,225
2,275
2,308
EICHERMOT
31,905
32,336
32,567
32,998
33,230
GAIL
395
398
403
405
410
HCLTECH
885
891
895
901
904
HDFCBANK
1,847
1,854
1,859
1,866
1,871
HDFC
1,756
1,764
1,772
1,780
1,787
HEROMOTOCO
3,869
3,909
3,935
3,976
4,002
HINDALCO
246
248
250
251
253
HINDUNILVR
1,231
1,255
1,271
1,295
1,311
IBULHSGFIN
1,256
1,279
1,293
1,316
1,330
ICICIBANK
291
292
293
294
295
IOC
411
413
417
420
423
INDUSINDBK
1,688
1,717
1,735
1,764
1,782
INFY
900
904
911
916
923
ITC
263
265
268
270
274
KOTAKBANK
999
1,008
1,017
1,026
1,034
LT
1,207
1,222
1,234
1,250
1,262
LUPIN
993
1,001
1,009
1,017
1,025
M&M
1,282
1,289
1,297
1,304
1,313
MARUTI
8,104
8,131
8,158
8,185
8,212
NTPC
166
167
169
170
171
ONGC
163
164
166
167
169
POWERGRID
210
213
215
218
220
RELIANCE
839
842
847
850
855
SBIN
267
269
271
273
276
SUNPHARMA
504
512
520
528
536
TCS
2,473
2,486
2,502
2,516
2,532
TATAMTRDVR
229
231
234
236
239
TATAMOTORS
397
401
407
411
417
TATAPOWER
82
83
84
85
86
TATASTEEL
664
668
676
680
688
TECHM
439
442
447
450
455
ULTRACEMCO
4,176
4,193
4,216
4,233
4,256
VEDANTA
318
322
325
329
332
WIPRO
281
285
288
292
294
YESBANK
1,840
1,849
1,861
1,870
1,882
ZEEL
529
536
542
549
554
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Technical & Derivatives Report
September 19, 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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