Technical & Derivatives Report
May 22, 2017
Sensex (30465) / Nifty (9428)
Exhibit 1: Nifty Daily Chart
On Friday, we witnessed a gap up opening with a decent margin;
but, as we generally see in such kind of market, all this early
morning lead got sold into. In fact, during the day, the Nifty
sneaked tad below the 9400 mark. However, the index managed
to find some support at lows and hence, the Nifty eventually
reclaimed this psychological support on a closing basis.
Similar to previous session, we witnessed a lot of stock-specific
damage in the market. Fortunately on the index front, no major
support has been violated. As mentioned in the earlier article, we
would continue with the positive bias as long as Nifty manages to
hold the important support of 9372. In fact, we are of the opinion
that if there is any decent correction has to happened, it’ll most
probably happen only after touching the magical figure of 9600.
Considering the recent activity in individual stocks, traders are
advised not to take aggressive positions in the market and one
needs to be very selective while picking up individual stocks.
Key Levels
Support 1 - 9372
Resistance 1 - 9500
Support 2 - 9350
Resistance 2 - 9665
Nifty Bank Outlook - (22770)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded in a range of 350 points during last
week and ended with minor gains of 0.43 percent over its
previous week's close.
On the weekly charts, the index has formed 'Doji' candlestick
pattern in last two weeks, which indicates indecision amongst the
minds of market participants. During these last two weeks, levels
around 23000 had acted as a resistance for the index, and thus
the bulls have a herculean task to take the index beyond 23000
to resume the uptrend. However, traders should note that the
broader trend is up and hence, the advantage still remains with
the bulls, inspite of last week's volatility. Hence, one should not
pre-empt a significant corrective move unless the prices structure
gives any definite signs. The index is expected to trade in the
range of 22500-23000 and thus, traders should trade with
positive bias with stop loss placed below 22500 on closing basis.
The intraday supports for the Nifty Bank index are placed around
22628 and 22500 whereas resistance is seen in the range of
22900-23000.
Key Levels
Support 1 - 22628
Resistance 1 - 22900
Support 2 - 22500
Resistance 2 - 23000
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Technical & Derivatives Report
May 22, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 1.91%
BankNifty futures open interest has decreased by 4.75%
as market closed at 9427.90 levels.
The Nifty May future closed with a premium of 17.85
points against the premium of 11.25 points in last
trading session. The June series closed at a premium of
22.75 points.
The Implied Volatility of at the money options has
decreased from 10.97% to 9.61%. At the same time, the
PCR-OI of Nifty has decreased from 1.26 to 1.21 levels.
The total OI of the market is Rs. 3,28,198/- cr. and the
stock futures OI is Rs. 1,05,476/- cr.
Few of the liquid counters where we have seen high cost
of carry are ICIL, IDBI, SUZLON, UJJIVAN and
ADANIPOWER.
Views
OI Gainers
FIIs were net sellers in cash market segment to the tune
OI
PRICE
SCRIP
OI
PRICE
of Rs. 989 crores. While, they were net buyers worth
CHG. (%)
CHG. (%)
Rs. 333 crores in index futures with fall in open interest,
MUTHOOTFIN
2070000
32.56
380.05
0.13
indicating short covering in previous trading session.
UJJIVAN
6747600
23.04
322.15
-5.75
In index options front, they bought of Rs. 966 crores with
MGL
417600
11.18
982.10
0.39
some rise in open interest. In Nifty options, 9450 strike of
NIITTECH
726000
7.80
501.35
-2.72
both call and put options were most active and they also
SINTEX
40320375
6.87
112.70
-4.29
added some fresh positions. While, good amount of
MCX
1666500
6.83
995.50
-1.17
unwinding was seen in 9500 and 9200 put options. The
HINDUNILVR
9975600
6.60
1006.95
1.72
highest open interest in May series remains intact at
GAIL
14598000
6.41
402.35
-0.69
9500 call and 9300 put options.
After some volatile moves, the Nifty concluded the week
OI Losers
on a flat note. We are not seeing any major change in
OI
PRICE
SCRIP
OI
PRICE
open interest activity of Nifty on week on week basis;
CHG. (%)
CHG. (%)
however, some long unwinding was seen in BankNifty.
CESC
8923200
-18.10
877.80
5.71
FIIs’ activity too remained muted in index future segment.
ICIL
10458000
-16.04
194.70
0.65
At the same time, they bought decent amount of Puts to
CAPF
4977600
-13.10
695.75
-2.88
hedge their existing long positions in the system. Thus,
PIDILITIND
1567000
-11.77
763.80
-1.18
from the derivatives data, we are unable to trace any
APOLLOTYRE
12687000
-11.17
234.70
1.05
major signs of reversal in market and hence, traders are
CEATLTD
2134300
-9.61
1716.95
-2.19
advised not to pre-empt ‘Top’ formation at current
BERGEPAINT
1093400
-9.31
248.70
-2.18
juncture and rather stay with the broader trend.
SIEMENS
705500
-8.85
1381.25
-0.16
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CUMMINSIND
53.21
NIFTY
1.21
1.19
BEML
36.82
BANKNIFTY
1.19
1.13
COLPAL
29.83
RELIANCE
0.34
0.37
STAR
30.99
YESBANK
0.37
0.52
UPL
27.53
SBIN
0.56
0.59
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Technical & Derivatives Report
May 22, 2017
FII Statistics for May 19, 2017
Turnover on May 19, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2681.14
2347.72
333.42
247851
18218.04
(3.12)
292998
22862.65
30.80
FUTURES
FUTURES
INDEX
INDEX
68143.21
67176.83
966.39
1015267
73266.23
0.99
6361896
491554.99
-33.33
OPTIONS
OPTIONS
STOCK
12277.41
11606.69
670.72
1091943
72228.12
(0.38)
STOCK
FUTURES
975920
71523.26
17.84
FUTURES
STOCK
STOCK
14103.44
14115.25
(11.81)
112104
7903.26
1.76
781047
60538.72
22.20
OPTIONS
OPTIONS
TOTAL
97205.20
95246.48
1958.72
2467165
171615.65
(0.01)
TOTAL
8411861
646479.63
-25.26
Nifty Spot = 9427.90
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9400
75.15
Buy
9500
77.40
49.40
50.60
9449.40
45.50
54.50
9454.50
Sell
9500
25.75
Sell
9400
31.90
Buy
9400
75.15
Buy
9500
77.40
69.15
130.85
9469.15
63.30
136.70
9436.70
Sell
9600
6.00
Sell
9300
14.10
Buy
9500
25.75
Buy
9400
31.90
19.75
80.25
9519.75
17.80
82.20
9382.20
Sell
9600
6.00
Sell
9300
14.10
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
May 22, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,643
1,659
1,682
1,698
1,720
ADANIPORTS
342
346
349
353
356
AMBUJACEM
247
249
253
255
258
ASIANPAINT
1,076
1,100
1,122
1,146
1,168
AUROPHARMA
586
591
598
603
611
AXISBANK
490
496
500
506
510
BAJAJ-AUTO
2,906
2,940
2,979
3,012
3,052
BANKBARODA
181
185
190
194
200
BPCL
686
694
708
717
731
BHARTIARTL
362
367
373
379
385
INFRATEL
368
373
380
386
393
BOSCHLTD
22,012
22,505
23,302
23,795
24,592
CIPLA
555
560
563
568
571
COALINDIA
271
273
279
281
286
DRREDDY
2,605
2,631
2,663
2,689
2,721
EICHERMOT
27,188
27,562
28,130
28,504
29,072
GAIL
391
396
401
406
411
GRASIM
1,065
1,093
1,128
1,156
1,191
HCLTECH
837
841
848
851
858
HDFCBANK
1,534
1,548
1,559
1,572
1,583
HDFC
1,495
1,508
1,528
1,541
1,561
HEROMOTOCO
3,465
3,518
3,587
3,641
3,709
HINDALCO
181
186
191
196
201
HINDUNILVR
988
998
1,010
1,021
1,033
IBULHSGFIN
999
1,019
1,045
1,065
1,091
ICICIBANK
299
303
308
312
316
IOC
425
430
439
444
452
INDUSINDBK
1,365
1,377
1,395
1,407
1,425
INFY
941
950
956
964
971
ITC
274
280
288
294
302
KOTAKBANK
928
933
940
945
952
LT
1,682
1,703
1,719
1,740
1,755
LUPIN
1,298
1,308
1,315
1,325
1,332
M&M
1,311
1,322
1,340
1,351
1,369
MARUTI
6,590
6,690
6,792
6,892
6,994
NTPC
157
158
159
161
162
ONGC
177
179
181
182
184
POWERGRID
200
203
207
210
215
RELIANCE
1,296
1,307
1,322
1,333
1,347
SBIN
295
302
308
315
322
SUNPHARMA
642
648
652
658
663
TCS
2,457
2,482
2,511
2,536
2,566
TATAMTRDVR
258
263
265
269
272
TATAMOTORS
431
437
441
447
451
TATAPOWER
82
83
84
85
87
TATASTEEL
473
481
489
497
504
TECHM
407
412
419
423
431
ULTRACEMCO
4,290
4,325
4,371
4,407
4,453
WIPRO
512
516
522
526
532
YESBANK
1,380
1,405
1,430
1,455
1,480
ZEEL
499
505
513
519
527
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Technical & Derivatives Report
May 22, 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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