Technical & Derivatives Report
September 21, 2017
Sensex (32401) / Nifty (10141)
Exhibit 1: Nifty Daily Chart
Once again, it was a dull start as well as the entire session for
our markets. Having said that the stock specific party
continues similar to what we have been witnessing of late. The
Nifty remained within a slender range of 37 points and
eventually concluded marginally below previous day’s close.
It seems that traders are quite comfortable chasing individual
stocks rather than banging their heads tracking the index. In
last couple of days, the Nifty has managed to respect the
upward gap area of 10131 - 10115. Hence, we continue to
see 10115 as an immediate support level followed by 10043.
On the other hand, we may see an attempt to march towards
yet another landmark of 10200. But, our interest remains in
stock specific moves as trading opportunities are much
superior to the index and therefore, we continue advising the
same.
Key Levels
Support 1 - 10115
Resistance 1 - 10200
Support 2 - 10043
Resistance 2 - 10250
Nifty Bank Outlook - (24965)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened marginally negative yesterday
and traded in a narrow range throughout the session.
However, the PSU Banking and some of the Private sector
mid-cap banking stocks witnessed good momentum and
moved higher with good volumes. This led to an
outperformance in the Nifty PSU Bank index which ended the
session with gains of 1 percent.
Going ahead, the near-term trend for the index continues to
be positive. Corrections in the index would provide good
buying opportunities for short-term. Meanwhile, the stocks
within the sector are providing better trading opportunities and
hence, intraday and swing traders should capitalize on the
same. The intraday supports for the Nifty bank index are
placed around 24897 and 24790 whereas resistance is seen
around 25108.
Key Levels
Support 1 - 24897
Resistance 1 - 25108
Support 2 - 24790
Resistance 2 - 25199
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Technical & Derivatives Report
September 21, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.69%
BankNifty futures open interest has decreased by 3.33%
as market closed at 10141.15 levels.
The Nifty September future closed with a premium of
26.40 points against the premium of 21.30 points in last
trading session. The October series closed at a premium
of 60.10 points.
The Implied Volatility of at the money options has
increased from 9.41 to 9.90. 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 SOUTHBANK, INFIBEAM, IFCI,
ADANIPOWER and PNB.
Views
FlIs were net sellers in both cash market segment and
OI Gainers
index futures. They sold equities to the tune of Rs. 1185
OI
PRICE
SCRIP
OI
PRICE
crores. While in index futures they were net sellers of
CHG. (%)
CHG. (%)
SOUTHBANK
133823358
19.47
31.70
8.38
Rs.469 crores with rise in open interest, suggesting
NATIONALUM
22040000
11.54
82.85
2.41
further short formation in previous trading session.
NBCC
3639000
10.88
221.05
2.50
In index options front, they were net buyers of worth
KTKBANK
25927400
10.30
163.70
5.31
Rs. 831 crores with rise in open interest. We hardly saw
any meaningful build-up in both call and put options;
CGPOWER
28236000
10.00
81.60
-0.79
however, decent amount of unwinding was seen in
INDIACEM
30660000
9.32
185.80
-2.54
10100 call and 10000-10100 put options. Maximum
HEROMOTOCO
1596400
8.92
3870.25
-2.28
concentration of open interest in now visible in 10200
HINDALCO
39385500
8.58
244.90
-1.09
call and 10000 put option.
Since, past two trading session we are witnessing some
OI Losers
consolidation. However, stronger hands continue
OI
PRICE
SCRIP
OI
PRICE
shorting in equities and index future segment. While, they
CHG. (%)
CHG. (%)
KOTAKBANK
8552800
-12.25
1026.85
-0.60
also bought fresh index puts in yesterday’s session. Now,
their index futures 'Long Short Ratio declining to
54%
BEML
2725800
-11.48
1872.65
-3.50
from 71% seen during start of September series. Looking
JUSTDIAL
4082400
-8.18
403.85
-1.49
at the momentum in individual stock, we would advise
INDUSINDBK
4786200
-6.80
1733.10
-0.80
traders to prefer stock specific approach and remain light
ZEEL
5729100
-5.45
548.60
0.70
in index unless we see any meaningful development.
CAPF
3862400
-4.75
824.65
-0.39
HAVELLS
4206000
-4.63
516.80
0.91
TATAMTRDVR
21945000
-4.30
238.85
-1.14
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SOUTHBANK
50.72
NIFTY
1.57
1.17
NIITTECH
33.55
BANKNIFTY
1.17
0.86
KTKBANK
42.66
RELIANCE
0.57
0.45
DIVISLAB
76.80
INFY
0.33
0.40
ICICIPRULI
30.35
SBIN
0.38
0.30
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Technical & Derivatives Report
September 21, 2017
FII Statistics for September 20, 2017
Turnover on September 20, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1082.67
1551.80
(469.14)
263626
20818.99
4.27
100852
8690.60
-4.04
FUTURES
FUTURES
INDEX
INDEX
24752.65
23921.25
831.40
1104334
87641.60
1.80
3561389
326195.65
14.85
OPTIONS
OPTIONS
STOCK
7297.98
7169.46
128.52
845420
60729.70
(0.84)
STOCK
FUTURES
669344
51376.86
5.10
FUTURES
STOCK
STOCK
6839.49
6872.97
(33.48)
103931
7897.08
3.86
562980
44908.10
16.09
OPTIONS
OPTIONS
Total
39972.79
39515.48
457.31
2317311
177087.37
1.18
TOTAL
4894565
431171.20
13.28
Nifty Spot = 10141.15
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10200
44.35
Buy
10100
36.20
30.60
69.40
10230.60
17.60
82.40
10082.40
Sell
10300
13.75
Sell
10000
18.60
Buy
10200
44.35
Buy
10100
36.20
40.70
159.30
10240.70
26.00
174.00
10074.00
Sell
10400
3.65
Sell
9900
10.20
Buy
10300
13.75
Buy
10000
18.60
10.10
89.90
10310.10
8.40
91.60
9991.60
Sell
10400
3.65
Sell
9900
10.20
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 21, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,750
1,768
1,796
1,815
1,843
ADANIPORTS
403
406
410
413
416
AMBUJACEM
274
277
281
284
289
ASIANPAINT
1,221
1,229
1,243
1,251
1,265
AUROPHARMA
729
737
746
754
763
AXISBANK
514
517
520
522
525
BAJAJ-AUTO
3,063
3,077
3,098
3,112
3,134
BANKBARODA
141
144
148
152
155
BPCL
483
489
498
503
512
BHARTIARTL
361
379
389
407
417
INFRATEL
388
391
396
399
404
BOSCHLTD
21,654
21,739
21,830
21,915
22,006
CIPLA
561
565
570
574
578
COALINDIA
251
254
256
259
262
DRREDDY
2,206
2,260
2,295
2,349
2,384
EICHERMOT
32,118
32,281
32,463
32,626
32,808
GAIL
409
413
420
424
431
HCLTECH
879
884
890
896
902
HDFCBANK
1,836
1,842
1,852
1,858
1,868
HDFC
1,736
1,752
1,761
1,777
1,786
HEROMOTOCO
3,773
3,815
3,886
3,928
4,000
HINDALCO
238
241
245
248
252
HINDUNILVR
1,239
1,249
1,265
1,275
1,292
IBULHSGFIN
1,292
1,301
1,313
1,322
1,334
ICICIBANK
288
289
291
292
294
IOC
408
411
415
418
423
INDUSINDBK
1,701
1,714
1,735
1,748
1,769
INFY
903
908
912
917
922
ITC
266
269
270
273
275
KOTAKBANK
1,010
1,017
1,027
1,033
1,044
LT
1,216
1,226
1,238
1,248
1,261
LUPIN
990
996
1,003
1,009
1,016
M&M
1,279
1,286
1,296
1,303
1,313
MARUTI
8,076
8,098
8,131
8,153
8,187
NTPC
165
167
168
169
171
ONGC
161
165
168
171
174
POWERGRID
210
212
214
215
218
RELIANCE
828
837
855
865
882
SBIN
265
268
270
272
274
SUNPHARMA
494
500
510
515
525
TCS
2,454
2,474
2,494
2,514
2,534
TATAMTRDVR
235
237
240
242
245
TATAMOTORS
407
411
417
421
427
TATAPOWER
82
83
85
86
87
TATASTEEL
667
677
685
695
702
TECHM
443
446
448
451
453
ULTRACEMCO
4,129
4,169
4,195
4,235
4,260
VEDANTA
318
321
324
326
329
WIPRO
284
288
290
294
296
YESBANK
1,851
1,865
1,876
1,890
1,901
ZEEL
539
544
547
552
555
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Technical & Derivatives Report
September 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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