Technical & Derivatives Report
June 21, 2017
Sensex (31298) / Nifty (9654)
Exhibit 1: Nifty Daily Chart
A strong session on Monday was followed by a gap up opening
with a small margin as indicated by the SGX Nifty early in the
morning. Subsequently, we witnessed some profit booking at
higher levels, which led to shaving off all gains to conclude the
session on a flat note.
It's been yet another flat session for our markets. Since there is no
major change in the chart structure, our view remains unchanged.
We reiterate that traders should keep booking profits as Nifty
approaches the resistance zone of 9700 - 9720. The immediate
support remains at 9620 - 9580 levels. At this juncture, a prudent
strategy would be to keep focusing on individual stocks with a
proper exit strategy.
Key Levels
Support 1 - 9620
Resistance 1 - 9700
Support 2 - 9580
Resistance 2 - 9720
Nifty Bank Outlook - (23698)
Exhibit 2: Nifty Bank Daily Chart
Along with the broader markets, the Nifty Bank index too
consolidated in a narrow range of 110 points yesterday. The
index ended the session with a minor loss over its previous
session's close.
Yesterday's range bound trading action does not change any
directional view for the index. The near term support for the Nifty
Bank index is placed around 23300. Positional traders with long
position should hence maintain a stop loss below the mentioned
support. Meanwhile, day traders are advised to focus on stock
specific moves and trade with proper risk management. The
intraday supports for the Nifty bank index are placed around
23535 and 23365 whereas resistances are seen around 23870
and 23950.
Key Levels
Support 1 - 23535
Resistance 1 - 23870
Support 2 - 23365
Resistance 2 - 23950
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Technical & Derivatives Report
June 21, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.16%
BankNifty futures open interest has increased by 0.02%
as market closed at 9653.50 levels.
The Nifty June future closed with a premium of 20.95
points against the premium of 17.70 points in last
trading session. The July series closed at a premium of
38.90 points.
The Implied Volatility of at the money options has
increased from 8.44% to 8.96%. At the same time, the
PCR-OI of Nifty has decreased from 1.22 levels to 1.21.
Few of the liquid counters where we have seen high cost
of carry are IFCI, RCOM, GMRINFRA, SAIL and
JPASSOCIAT.
Views
FIIs were net sellers in cash market segment worth
OI Gainers
Rs. 313 crores. While, they were net buyers in Index
OI
PRICE
Futures to the tune of Rs. 321 crores with some rise in
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
open interest, suggesting mix of fresh long formation and
CHOLAFIN
519000
21.55
1136.65
3.87
short covering in previous trading session.
HEXAWARE
4275000
21.38
255.90
3.37
On Index Options front, FIIs' were net buyers worth
RAMCOCEM
645600
21.35
696.15
-0.46
Rs. 344 crores with rise in open interest. On Nifty options
NIITTECH
1000500
17.84
577.80
0.85
front, except for some build-up in 9750 call and 9700
ICICIBANK
127059075
17.80
292.75
0.95
put options; we could hardly see any relevant build-up.
UJJIVAN
6972000
13.45
330.90
2.62
However, decent amount of unwinding was seen in 9500
GODREJCP
998800
12.73
1933.60
2.92
and 9400 put options. Maximum concentration of open
EICHERMOT
155950
11.97
27926.25
-2.12
interest remains intact at 9700 call and of put options
has shifted higher to 9600 from 9500.
Post some shorting (in Index Futures) in recent
OI Losers
consolidation, short covering along with some long
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
formation was seen in last two sessions. In addition, their
BALKRISIND
356400
-11.52
1625.05
0.61
previous longs formed in last couple of months are still
BEML
2520600
-9.87
1502.35
3.99
intact in the system. While, options data suggest base
PETRONET
7674000
-8.58
444.25
1.38
has now shifted higher to 9600, which is again a positive
IBREALEST
32340000
-8.54
209.30
3.85
sign. Since, data is not indicating any major change;
ADANIPORTS
9132500
-6.12
375.75
0.43
traders are advised to remain with the broader trend and
HINDZINC
19817600
-6.11
253.50
2.65
any declines towards the support zone of 9550 - 9600
DISHTV
29680000
-5.23
79.35
2.12
should be used to initiate fresh longs.
WOCKPHARM
3987800
-4.74
585.50
-0.86
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TATAPOWER
31.39
NIFTY
1.21
1.04
CONCOR
34.35
BANKNIFTY
1.35
1.06
MARICO
23.20
RELIANCE
0.61
0.47
TATAMOTORS
32.15
SBIN
0.67
0.62
CHOLAFIN
39.46
INFY
0.55
0.54
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Technical & Derivatives Report
June 21, 2017
FII Statistics for June 20, 2017
Turnover on June 20, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1218.75
897.83
320.92
313111
23323.99
0.71
94177
7751.10
-41.57
FUTURES
FUTURES
INDEX
INDEX
22662.14
22317.90
344.24
942795
70364.03
1.34
3065649
259813.28
-25.48
OPTIONS
OPTIONS
STOCK
5996.11
6476.56
(480.45)
1144945
75813.96
0.69
STOCK
FUTURES
539730
38911.33
1.79
FUTURES
STOCK
STOCK
4554.98
4576.31
(21.34)
125535
8804.69
1.64
380443
28189.07
-4.25
OPTIONS
OPTIONS
TOTAL
34431.98
34268.59
163.38
2526386
178306.66
0.98
TOTAL
4079999
334664.77
-22.10
Nifty Spot = 9653.50
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9700
42.50
Buy
9600
28.70
29.60
70.40
9729.60
15.85
84.15
9584.15
Sell
9800
12.90
Sell
9500
12.85
Buy
9700
42.50
Buy
9600
28.70
38.70
161.30
9738.70
22.15
177.85
9577.85
Sell
9900
3.80
Sell
9400
6.55
Buy
9800
12.90
Buy
9500
12.85
9.10
90.90
9809.10
6.30
93.70
9493.70
Sell
9900
3.80
Sell
9400
6.55
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
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Technical & Derivatives Report
June 21, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,620
1,636
1,647
1,663
1,673
ADANIPORTS
367
371
374
379
382
AMBUJACEM
234
238
240
243
246
ASIANPAINT
1,138
1,144
1,150
1,156
1,163
AUROPHARMA
648
653
659
664
669
AXISBANK
503
508
515
519
526
BAJAJ-AUTO
2,795
2,805
2,817
2,827
2,838
BANKBARODA
164
166
167
169
170
BPCL
657
661
666
670
676
BHARTIARTL
363
365
368
370
373
INFRATEL
372
375
378
381
384
BOSCHLTD
24,206
24,460
24,780
25,034
25,354
CIPLA
531
539
544
553
558
COALINDIA
252
253
254
255
256
DRREDDY
2,633
2,655
2,675
2,696
2,716
EICHERMOT
27,300
27,609
28,168
28,477
29,036
GAIL
368
371
377
381
387
HCLTECH
839
846
851
859
863
HDFCBANK
1,673
1,680
1,687
1,694
1,701
HDFC
1,608
1,620
1,640
1,652
1,672
HEROMOTOCO
3,742
3,770
3,808
3,836
3,874
HINDALCO
198
200
201
203
205
HINDUNILVR
1,085
1,089
1,095
1,099
1,105
IBULHSGFIN
1,116
1,123
1,128
1,135
1,141
ICICIBANK
285
289
292
296
299
IOC
405
408
411
415
418
INDUSINDBK
1,495
1,505
1,513
1,523
1,531
INFY
929
936
942
949
954
ITC
306
307
310
311
314
KOTAKBANK
975
979
984
989
994
LT
1,724
1,737
1,753
1,766
1,782
LUPIN
1,098
1,105
1,118
1,125
1,137
M&M
1,377
1,383
1,391
1,397
1,405
MARUTI
7,134
7,170
7,227
7,264
7,320
NTPC
157
158
159
160
162
ONGC
164
166
168
171
173
POWERGRID
200
204
210
214
219
RELIANCE
1,399
1,406
1,414
1,420
1,429
SBIN
284
287
289
292
294
SUNPHARMA
512
518
526
532
540
TCS
2,356
2,401
2,425
2,469
2,493
TATAMTRDVR
282
285
287
290
293
TATAMOTORS
450
459
465
473
479
TATAPOWER
76
79
81
84
86
TATASTEEL
518
520
523
525
528
TECHM
382
388
392
398
401
ULTRACEMCO
4,009
4,036
4,081
4,109
4,154
VEDANTA
238
240
241
243
245
WIPRO
252
253
255
256
258
YESBANK
1,414
1,430
1,443
1,460
1,472
ZEEL
498
501
507
510
515
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Technical & Derivatives Report
June 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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