Technical & Derivatives Report
February 21, 2017
Sensex (28662) / Nifty (8879)
Exhibit 1: Nifty Daily Chart
Trading for the week began on a flat note taking mixed cues from
the Asian bourses. However, the index attracted tremendous
buying interest around Friday’s low, which eventually led to a
decent broad-based rally of nearly three fourth of a percent
gains.
In general, so many market participants were a bit skeptical of
Nifty’s close beyond the 8820 mark on Friday. But, we respected
this price action and in technical terms, interpreted this as a
breakout from the trend line resistance of 8820 with an upside
gap. Thus, we are not so surprised by the up move we witnessed
yesterday. In fact, yesterday’s move has added further conviction
to our view that we are likely to see new highs quite soon in the
market. For the coming trading session, the Nifty is likely to head
towards 8920 - 8969 after making a move above Fridays high of
8896.45. We anticipate this to happen and hence, traders are
advised to keep holding directional long positions by now trailing
a stop loss at 8700. However, the intraday support is seen at
8856 - 8804.
Key Levels
Support 1 - 8856
Resistance 1 - 8920
Support 2 - 8804
Resistance 2 - 8969
Nifty Bank Outlook - (20677)
Exhibit 2: Nifty Bank Daily Chart
Although the Nifty Bank index opened marginally negative
yesterday, the index rallied higher post opening and posted gains
of 0.61 percent over it's previous sessions close.
As mentioned in our yesterday's outlook, the Nifty Bank index has
resumed the uptrend post a consolidation phase. In near term,
Friday's breakaway gap of 20295 to 20450 is likely to act as a
crucial support and hence, we advise traders to trail their stop
losses below the lower end of the mentioned gap area. With the
overall market breadth also turning largely in favor of the
advances, we expect continuation of this positive momentum in
near term. Hence, traders should continue to trade with positive
bias. The near term support for the Nifty Bank index is placed in
the range of 20450-20295 whereas resistances are seen around
20796 and 21042.
Key Levels
Support 1 - 20450
Resistance 1 - 20796
Support 2 - 20295
Resistance 2 - 21042
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Technical & Derivatives Report
February 21, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.82%
BankNifty futures open interest has increased by 7.27%
as market closed at 8879.20 levels.
The Nifty February future closed with a discount of 5.35
points against the premium of 5.30 points in last trading
session. The March series closed at a premium of 24.90
points.
The Implied Volatility of at the money options has
increased from 11.03% to 12.24%. At the same time, the
PCR-OI of Nifty has increased from 1.11 to 1.15 levels.
The total OI of the market is Rs. 3,36,201/- cr. and the
stock futures OI is Rs. 97,944/- cr.
Few of the liquid counters where we have seen high cost
of carry are SOUTHBANK, IDFC, DCBBANK, GRANULES
and PTC.
Views
OI Gainers
Yesterday, FIIs were net sellers in both cash market
OI
PRICE
segment and index futures. They sold equities worth Rs.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
433 crores. While in index futures, they were sellers to
DCBBANK
4158000
34.30
153.25
10.93
the tune of Rs. 824 crores with marginal change in open
EXIDEIND
17944000
24.13
215.90
2.47
interest, indicating blend of long unwinding and fresh
TCS
6988500
21.80
2497.80
3.43
short formation in last trading session.
RECLTD
36984000
18.81
150.85
4.47
In index option segment, FIIs were sellers worth Rs. 824
HAVELLS
5578000
17.73
414.50
-2.92
crores with rise in open interest. In call options, some
SAIL
76872000
17.54
61.80
2.83
buildup was seen in 8900 and 8950 strikes followed by
IRB
9867500
16.98
233.20
2.01
good amount of unwinding in 8800 call option. On the
COLPAL
1388800
16.43
925.85
1.37
other hand, in put options, good amount of open interest
addition was witnessed in 8800-8900 strikes, followed
OI Losers
by unwinding in 8500 put option. Highest OI in current
OI
PRICE
series remains intact at 9000 call and 8500 put option.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Yesterday, Nifty continued to rally and closed with 0.65%
TORNTPHARM
446400
-17.21
1290.65
2.41
gains. However, FIIs sold in both equities and index
JINDALSTEL
41643000
-8.54
100.00
7.07
futures. While, longs formed from the start of February
CEATLTD
2436000
-7.55
1124.90
-0.69
series are still intact. Thus, we continue to remain
BEML
2219400
-7.46
1319.35
2.02
optimistic unless we don’t see any major change in data.
JETAIRWAYS
6235000
-7.44
379.60
3.62
Hence, traders are suggested to trade with positive bias
CROMPGREAV
24384000
-6.49
68.00
3.42
in near term.
IBREALEST
35930000
-6.02
77.40
-2.21
CADILAHC
3936000
-5.86
444.90
-0.90
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
DCBBANK
60.71
NIFTY
1.15
0.99
KTKBANK
40.95
BANKNIFTY
1.14
0.97
GMRINFRA
57.69
SBIN
0.47
0.31
JINDALSTEL
60.34
TATAMOTORS
0.42
0.39
TATASTEEL
36.11
ICICIBANK
0.62
0.45
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Technical & Derivatives Report
February 21, 2017
FII Statistics for February 20, 2017
Turnover on February 20, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2883.75
4025.12
(1141.37)
383312
26345.69
0.68
223401
15868.70
-40.74
FUTURES
FUTURES
INDEX
INDEX
31075.93
31899.51
(823.58)
1277512
88235.73
1.22
3752151
268738.20
-32.46
OPTIONS
OPTIONS
STOCK
21590.78
21050.99
539.79
1172544
78582.66
6.34
STOCK
FUTURES
1062383
74929.53
8.91
FUTURES
STOCK
STOCK
6012.78
6004.66
8.13
125899
8905.84
1.36
481765
36620.02
-4.58
OPTIONS
OPTIONS
TOTAL
61563.25
62980.28
(1417.03)
2959267
202069.92
3.12
TOTAL
5519700
396156.45
-25.51
Nifty Spot = 8879.20
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8800
85.85
Buy
8900
55.10
57.50
42.50
8857.50
37.40
62.60
8862.60
Sell
8900
28.35
Sell
8800
17.70
Buy
8800
85.85
Buy
8900
55.10
79.50
120.50
8879.50
49.50
150.50
8850.50
Sell
9000
6.35
Sell
8700
5.60
Buy
8900
28.35
Buy
8800
17.70
22.00
78.00
8922.00
12.10
87.90
8787.90
Sell
9000
6.35
Sell
8700
5.60
Note: Above mentioned Bullish or Bearish Spreads in Nifty (February Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
February 21, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,442
1,452
1,465
1,474
1,487
ADANIPORTS
293
297
300
303
307
AMBUJACEM
235
237
239
241
244
ASIANPAINT
944
960
970
986
996
AUROPHARMA
661
665
670
674
679
AXISBANK
473
477
484
488
495
BAJAJ-AUTO
2,735
2,763
2,792
2,821
2,850
BANKBARODA
163
166
168
171
172
BHEL
151
152
153
155
156
BPCL
672
686
694
708
716
BHARTIARTL
366
371
375
380
384
INFRATEL
304
307
308
311
313
BOSCH
21,378
21,548
21,799
21,969
22,220
CIPLA
575
584
591
600
607
COALINDIA
312
316
318
323
325
DRREDDY
2,870
2,884
2,905
2,919
2,940
EICHERMOT
24,583
24,861
25,078
25,356
25,573
GAIL
503
514
521
531
539
GRASIM
1,026
1,041
1,050
1,064
1,073
HCLTECH
833
839
843
848
853
HDFCBANK
1,338
1,374
1,395
1,430
1,451
HDFC
1,377
1,385
1,394
1,402
1,411
HEROMOTOCO
3,058
3,080
3,102
3,124
3,145
HINDALCO
177
180
183
186
189
HINDUNILVR
843
849
853
859
864
ICICIBANK
278
280
283
285
288
IDEA
105
107
109
111
114
INDUSINDBK
1,320
1,328
1,335
1,343
1,350
INFY
974
992
1,012
1,030
1,049
ITC
264
265
266
267
268
KOTAKBANK
789
793
799
803
809
LT
1,466
1,474
1,483
1,491
1,500
LUPIN
1,442
1,453
1,460
1,472
1,478
M&M
1,295
1,306
1,315
1,325
1,335
MARUTI
5,834
5,963
6,042
6,172
6,251
NTPC
168
170
171
173
174
ONGC
191
193
195
197
199
POWERGRID
200
203
205
209
211
RELIANCE
1,061
1,068
1,074
1,081
1,086
SBIN
266
268
270
271
273
SUNPHARMA
666
673
680
687
693
TCS
2,342
2,422
2,488
2,569
2,635
TATAMTRDVR
272
275
278
281
284
TATAMOTORS
445
450
454
460
464
TATAPOWER
83
84
85
86
87
TATASTEEL
456
472
480
496
505
TECHM
491
496
501
506
512
ULTRACEMCO
3,659
3,708
3,736
3,785
3,814
WIPRO
471
473
475
478
480
YESBANK
1,414
1,422
1,431
1,438
1,448
ZEEL
511
520
526
535
542
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Technical & Derivatives Report
February 21, 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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