Technical & Derivatives Report
June 20, 2017
Sensex (31312) / Nifty (9658)
Exhibit 1: Nifty Daily Chart
Trading for the week kick started on a positive note owing to
favorable global cues. Subsequently, we witnessed continuation of
this upwards bias throughout the day to conclude well above the
9650 mark.
With reference to our previous article, we are not so surprised
with yesterday's move as we had anticipated probable attempt
towards the 9700 mark. In the forthcoming session, we expect
this optimism to continue and Nifty to head towards the
mentioned resistance zone of 9700 - 9720. However, we reiterate
that traders should start lightening up positions and look to focus
on individual stocks with a proper exit strategy. The support zone
now would be seen at 9620 - 9580 levels.
Key Levels
Support 1 - 9620
Resistance 1 - 9700
Support 2 - 9580
Resistance 2 - 9720
Nifty Bank Outlook - (23742)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened gap up yesterday and traded with a
positive bias throughout the session. Post a few day's of
consolidation, the index registered a new all-time high and ended
the day with gain of one percent.
The '20 DEMA' and the '5 WEMA', which we have been referring
to as a strong support, again played a crucial role as the index
resumed the uptrend. The '20 DEMA' and the recent low around
23300 has now become a support for the Nifty Bank index, which
traders should refer for stops on their long positions. However,
there has been stock specific participation in this upmove and
hence, we continue to advice traders to focus on stock specific
moves. The intraday supports for the Nifty Bank index are placed
around 23535 and 23300 whereas resistances are seen around
23870 and 23950.
Key Levels
Support 1 - 23535
Resistance 1 - 23870
Support 2 - 23300
Resistance 2 - 23950
www.angelbroking.com
Technical & Derivatives Report
June 20, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.23%
BankNifty futures open interest has decreased by 2.30%
as market closed at 9657.55 levels.
The Nifty June future closed with a premium of 17.70
points against the premium of 9.20 points in last trading
session. The July series closed at a premium of 37.15
points.
The Implied Volatility of at the money options has
decreased from 8.88% to 8.44%. At the same time, the
PCR-OI of Nifty has increased from 1.12 levels to 1.22.
Few of the liquid counters where we have seen high cost
of carry are RCOM, KSCL. IDFC, RPOWER and SINTEX.
Views
FIIs were net sellers in cash market segment worth
Rs. 250 crores. While, were net buyers in Index Futures to
the tune of Rs. 145 crores with fall in open interest,
OI Gainers
suggesting covering of short position in previous trading
OI
PRICE
session.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
On Index Options front, FIIs' were net buyers worth
IBREALEST
35360000
59.86
201.55
1.18
Rs. 733 crores with marginal change in open interest.
HDIL
32984000
29.41
90.40
-1.90
On Nifty options front, 9800 call options added some
TATAELXSI
1521200
26.94
1623.60
4.66
fresh positions, followed by huge amount of unwinding
WOCKPHARM
4186400
17.72
590.60
-6.88
in 9600, 9650 and 97000 call options. On the flip side,
INDIANB
3610000
13.38
309.05
0.10
9600 and 9700 put options added good amount of
NBCC
4662000
13.18
206.35
2.18
build-up. Maximum concentration of open interest
EICHERMOT
139275
9.43
28530.00
-1.02
remains intact at 9700 call and 9500 put options.
DISHTV
31318000
9.39
77.70
-2.75
Post some shorting (in Index Futures) in recent
consolidation, short covering was seen in yesterday’s
OI Losers
session. In Index Options they covered their shorts in call
OI
PRICE
options and fresh writing was seen in index puts, which is
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
certainly a positive sign for bullish participants. In
BEML
2796600
-10.18
1444.65
-0.82
addition, their previous longs formed in last couple of
ALBK
28770000
-6.74
70.65
1.00
months are still intact in the system. Since, data is not
VOLTAS
6042000
-5.95
474.70
-3.19
indicating any major change; traders are advised to
BAJAJFINSV
443125
-5.24
4241.25
0.62
remain with the broader trend and any declines towards
KAJARIACER
422400
-4.86
703.35
-0.91
the support zone of 9500 - 9550 should be used to
SRTRANSFIN
2995800
-4.60
989.25
0.88
initiate fresh longs.
PETRONET
8394000
-3.80
438.20
2.16
DLF
39170000
-3.53
193.10
-0.26
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
WOCKPHARMA
46.02
NIFTY
1.22
1.10
BALKRISIND
39.47
BANKNIFTY
1.42
0.87
MOTHERSUMI
32.86
RELIANCE
0.65
0.42
BOSCHLTD
24.09
INFY
0.51
0.46
TATASTEEL
35.33
SBIN
0.66
0.58
www.angelbroking.com
Technical & Derivatives Report
June 20, 2017
FII Statistics for June 17, 2017
Turnover on June 17, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1541.75
1396.25
145.49
310907
23190.17
(1.17)
164125
13266.70
29.10
FUTURES
FUTURES
INDEX
INDEX
33685.55
32952.95
732.60
930313
69358.87
(0.51)
4180362
348670.36
726.56
OPTIONS
OPTIONS
STOCK
5717.97
6655.32
(937.36)
1137151
75057.36
0.56
STOCK
FUTURES
518115
38226.65
-81.29
FUTURES
STOCK
STOCK
5188.95
5074.47
114.49
123506
8640.56
1.74
394761
29440.22
0.03
OPTIONS
OPTIONS
TOTAL
46134.22
46078.99
55.22
2501877
176246.95
0.00
TOTAL
5257363
429603.92
50.12
Nifty Spot = 9657.55
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9700
44.15
Buy
9600
29.50
29.90
70.10
9729.90
16.10
83.90
9583.90
Sell
9800
14.25
Sell
9500
13.40
Buy
9700
44.15
Buy
9600
29.50
39.70
160.30
9739.70
22.25
177.75
9577.75
Sell
9900
4.45
Sell
9400
7.25
Buy
9800
14.25
Buy
9500
13.40
9.80
90.20
9809.80
6.15
93.85
9493.85
Sell
9900
4.45
Sell
9400
7.25
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
www.angelbroking.com
Technical & Derivatives Report
June 20, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,620
1,631
1,644
1,655
1,668
ADANIPORTS
361
367
371
378
382
AMBUJACEM
236
237
238
239
241
ASIANPAINT
1,130
1,142
1,150
1,162
1,170
AUROPHARMA
632
644
654
666
677
AXISBANK
502
511
518
527
534
BAJAJ-AUTO
2,767
2,797
2,846
2,876
2,925
BANKBARODA
167
167
168
169
170
BPCL
658
663
671
675
683
BHARTIARTL
361
364
367
370
372
INFRATEL
368
372
378
382
388
BOSCHLTD
24,146
24,601
24,920
25,376
25,695
CIPLA
517
528
535
547
554
COALINDIA
249
251
254
257
260
DRREDDY
2,625
2,641
2,657
2,673
2,688
EICHERMOT
28,106
28,275
28,570
28,739
29,034
GAIL
372
376
379
383
386
HCLTECH
824
833
840
849
855
HDFCBANK
1,658
1,676
1,686
1,703
1,713
HDFC
1,638
1,646
1,653
1,661
1,668
HEROMOTOCO
3,772
3,799
3,816
3,843
3,860
HINDALCO
194
197
199
203
205
HINDUNILVR
1,085
1,090
1,096
1,101
1,106
IBULHSGFIN
1,102
1,116
1,125
1,139
1,149
ICICIBANK
315
318
320
323
324
IOC
402
405
407
410
412
INDUSINDBK
1,489
1,500
1,511
1,522
1,533
INFY
920
925
933
937
945
ITC
307
309
310
312
314
KOTAKBANK
981
984
988
991
995
LT
1,722
1,739
1,749
1,766
1,777
LUPIN
1,101
1,116
1,129
1,144
1,157
M&M
1,371
1,380
1,392
1,401
1,414
MARUTI
7,182
7,215
7,269
7,303
7,356
NTPC
158
160
161
162
163
ONGC
163
165
166
168
169
POWERGRID
209
211
212
214
215
RELIANCE
1,379
1,394
1,405
1,420
1,431
SBIN
283
286
288
291
293
SUNPHARMA
514
520
527
532
539
TCS
2,387
2,409
2,428
2,450
2,469
TATAMTRDVR
278
280
282
285
287
TATAMOTORS
447
450
453
456
459
TATAPOWER
76
77
78
79
80
TATASTEEL
503
511
516
524
529
TECHM
383
386
390
393
396
ULTRACEMCO
4,045
4,071
4,110
4,137
4,176
VEDANTA
235
239
241
244
247
WIPRO
251
253
255
257
260
YESBANK
1,407
1,419
1,437
1,449
1,468
ZEEL
506
507
510
512
514
www.angelbroking.com
Technical & Derivatives Report
June 20, 2017
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a
registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number
INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing
/dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed public
offering of securities of the company covered by *Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
www.angelbroking.com