Technical & Derivatives Report
September 20, 2017
Sensex (32402) / Nifty (10148)
Exhibit 1: Nifty Daily Chart
Despite mixed cues from the Asian peers, our markets opened
slightly higher carrying previous day’s optimistic mood.
Subsequently, index consolidated for the remaining part of the
day to eventually conclude with negligible loss. Clearly, the
real action was outside the index as some of the mid and
small cap counters soared 10 - 20 % during the session.
Yesterday’s price action was really a disappointment especially
after posting a strong close on Monday at new record highs
above the 10150 mark. But, this is how the market moves; it
never respects the most obvious expectations by masses.
Having said that, we would stick to our recent stock centric
approach and it makes sense as we saw good buying interest
in the broader market. As far as next trading range is
concerned, we expect the index to gradually move towards
10200 - 10250, which is not far away from current levels. On
the other hand, the base has shifted higher and hence, 10043
- 10015 would now be seen as a key support zone.
Key Levels
Support 1 - 10043
Resistance 1 - 10200
Support 2 - 10015
Resistance 2 - 10250
Nifty Bank Outlook - (25042)
Exhibit 2: Nifty Bank Daily Chart
In a lackluster trading session, the Nifty Bank index traded in a
narrow range of mere 110 points in yesterday's session. The
index ended the session on a flat note.
Yesterday's rangebound move does not indicate any reversal
and hence, the short-term trend continues to be positive.
Intraday declines should be used as a buying opportunity as
we expect the Nifty Bank index to surpass the recent high of
25198.90. The short-term support for the Nifty Bank index is
placed around 24950 and 24790 whereas resistances are
seen around 25199 and 25375.
Key Levels
Support 1 - 24950
Resistance 1 - 25199
Support 2 - 24790
Resistance 2 - 25375
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Technical & Derivatives Report
September 20, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.98%
BankNifty futures open interest has decreased by 2.25%
as market closed at 10147.55 levels.
The Nifty September future closed with a premium of
21.30 points against the premium of 22.20 points in last
trading session. The October series closed at a premium
of 54.25 points.
The Implied Volatility of at the money options has
increased from 9.34 to 9.41. At the same time, the PCR-
OI of Nifty is unchanged at 1.57.
Few of the liquid counters where we have seen high cost
of carry are RCOM, SOUTHBANK, TATAELXSI,
ANDHRABANK and SAIL.
Views
FlIs were net sellers in both cash market segment and
index futures. They sold equities to the tune of Rs. 1720
OI Gainers
crores. While in index futures they were net sellers of
OI
PRICE
SCRIP
OI
PRICE
Rs.1029 crores with rise in open interest, suggesting
CHG. (%)
CHG. (%)
further short formation in previous trading session.
KAJARIACER
964000
32.13
740.15
4.03
In index options front, they were net buyers of worth Rs.
TATACHEM
6348000
22.92
660.00
2.32
349 crores with rise in open interest. We hardly saw any
INDIGO
2796600
20.81
1151.80
-1.42
meaningful build-up in both call and put options;
BEML
3079200
16.88
1940.50
4.28
however, 10150 call and 10100 put options were most
MGL
985200
15.96
1129.40
0.68
active amongst other strikes. Maximum concentration of
PEL
1187700
15.59
2786.10
-2.44
open interest in now visible in 10200 call and 10000 put
HINDPETRO
29414700
11.95
462.25
2.53
option.
GRANULES
14900000
11.82
131.50
-2.56
Post good start on Monday, we saw some consolidation
in yesterday's session. However, stronger hands continue
OI Losers
shorting in equities and index future segment. As a result,
OI
PRICE
SCRIP
OI
PRICE
their index futures 'Long Short Ratio declining to
54%
CHG. (%)
CHG. (%)
from 71% seen during start of September series. Looking
JUSTDIAL
4446000
-23.55
409.95
-0.51
at the momentum in individual stock, we would advise
PIDILITIND
1006000
-17.13
856.05
1.41
traders to prefer stock specific approach and remain light
TATAMOTORS
39060000
-16.11
423.45
4.08
in index.
TORNTPHARM
276400
-11.75
1260.80
0.99
MFSL
6015000
-6.40
647.10
2.57
UBL
1005900
-6.02
800.15
0.28
HEXAWARE
2505000
-5.86
279.50
-0.18
BATAINDIA
2477200
-5.70
733.75
0.09
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
GAIL
37.58
NIFTY
1.57
1.15
KAJARIACER
35.35
BANKNIFTY
1.28
0.86
TATAMOTORS
42.88
RELIANCE
0.58
0.50
MFSL
27.65
INFY
0.33
0.41
KOTAKBANK
20.02
SBIN
0.37
0.31
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Technical & Derivatives Report
September 20, 2017
FII Statistics for September 19, 2017
Turnover on September 19, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
859.76
1888.51
(1028.75)
252829
19940.40
3.75
106246
9056.05
-14.06
FUTURES
FUTURES
INDEX
INDEX
25813.02
25463.76
349.26
1084766
86100.34
1.95
3174826
284015.51
-8.69
OPTIONS
OPTIONS
STOCK
6606.87
6597.69
9.18
852598
61365.02
1.53
STOCK
FUTURES
642330
48883.53
7.20
FUTURES
STOCK
STOCK
5735.51
5661.50
74.00
100071
7605.23
4.81
498100
38684.22
4.48
OPTIONS
OPTIONS
Total
39015.16
39611.45
(596.30)
2290264
175010.98
2.11
TOTAL
4421502
380639.30
-5.83
Nifty Spot = 10147.55
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10200
46.00
Buy
10100
37.00
30.60
69.40
10230.60
17.60
82.40
10082.40
Sell
10300
15.40
Sell
10000
19.40
Buy
10200
46.00
Buy
10100
37.00
41.45
158.55
10241.45
25.95
174.05
10074.05
Sell
10400
4.55
Sell
9900
11.05
Buy
10300
15.40
Buy
10000
19.40
10.85
89.15
10310.85
8.35
91.65
9991.65
Sell
10400
4.55
Sell
9900
11.05
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 20, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,799
1,808
1,821
1,830
1,843
ADANIPORTS
399
403
406
410
412
AMBUJACEM
279
282
285
288
290
ASIANPAINT
1,242
1,248
1,255
1,260
1,268
AUROPHARMA
727
738
754
765
782
AXISBANK
514
517
521
524
527
BAJAJ-AUTO
3,080
3,097
3,126
3,144
3,173
BANKBARODA
142
143
145
146
147
BPCL
488
498
503
512
517
BHARTIARTL
386
391
395
399
403
INFRATEL
384
391
395
403
407
BOSCHLTD
21,669
21,760
21,880
21,971
22,091
CIPLA
561
567
571
577
581
COALINDIA
254
256
260
262
265
DRREDDY
2,171
2,206
2,236
2,271
2,301
EICHERMOT
31,910
32,157
32,537
32,784
33,164
GAIL
404
412
418
426
431
HCLTECH
885
889
894
898
902
HDFCBANK
1,835
1,842
1,855
1,863
1,876
HDFC
1,735
1,744
1,760
1,769
1,785
HEROMOTOCO
3,912
3,928
3,953
3,969
3,994
HINDALCO
243
245
248
249
252
HINDUNILVR
1,266
1,273
1,280
1,287
1,294
IBULHSGFIN
1,277
1,293
1,303
1,318
1,328
ICICIBANK
287
291
293
297
299
IOC
407
413
418
423
428
INDUSINDBK
1,732
1,739
1,749
1,756
1,765
INFY
898
905
911
918
923
ITC
261
265
267
271
273
KOTAKBANK
1,002
1,018
1,032
1,048
1,062
LT
1,211
1,218
1,228
1,236
1,245
LUPIN
989
997
1,009
1,017
1,030
M&M
1,279
1,287
1,296
1,304
1,312
MARUTI
8,087
8,109
8,147
8,170
8,208
NTPC
166
167
168
170
171
ONGC
163
164
165
167
168
POWERGRID
211
214
215
217
219
RELIANCE
830
834
841
846
853
SBIN
264
266
268
270
273
SUNPHARMA
501
508
519
526
537
TCS
2,485
2,492
2,498
2,505
2,512
TATAMTRDVR
233
237
240
244
246
TATAMOTORS
408
416
422
430
435
TATAPOWER
81
83
84
86
87
TATASTEEL
669
672
677
681
685
TECHM
440
444
446
450
453
ULTRACEMCO
4,145
4,165
4,190
4,209
4,235
VEDANTA
318
321
324
327
330
WIPRO
285
287
289
291
293
YESBANK
1,837
1,852
1,862
1,877
1,887
ZEEL
538
542
545
548
551
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Technical & Derivatives Report
September 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]
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