Technical & Derivatives Report
June 22, 2017
Sensex (31284) / Nifty (9634)
Exhibit 1: Nifty Daily Chart
Yesterday, we had a soft opening in our market on the back of
mounting concerns over falling crude oil prices due to oversupply.
This early morning weakness extended a bit in the initial hours.
However, we witnessed a smart recovery during the penultimate
hour to trim major portion of losses to conclude the session well
above the 9600 mark.
Now, if we look at the hourly chart meticulously, we can see
yesterday’s correction precisely halted around the
61.8%
retracement of the recent up move from 9560.80 to 9676.50.
Hence, it seems that traders are reluctant to give up the 9600
mark. Hence, going forward, we may see continuation of this
bounce first towards 9665 and then to test the 9700 mark. On
the flip side, 9608 has now become an important support level
on an intraday basis. Traders should remain light on positions
and it’s advisable to continue with the stock centric approach.
Key Levels
Support 1 - 9608
Resistance 1 - 9665
Support 2 - 9580
Resistance 2 - 9700
Nifty Bank Outlook - (23709)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index consolidated in a narrow range and ended
the session with negligible gains. As mentioned in our earlier
reports, the index has been trading above its '20DEMA' support
and some heavyweights within the sector have been showing
positive momentum. Thus, from a short-term trading perspective,
traders should focus on stock specific moves and trade with a
positive bias with a stop-loss below the recent low of 23300. The
intraday supports for the Nifty Bank index are placed around
23535 and 23400 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 22, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.02%
BankNifty futures open interest has decreased by 1.90%
as market closed at 9653.50 levels.
The Nifty June future closed with a premium of 21.65
points against the premium of 20.95 points in last
trading session. The July series closed at a premium of
37.80 points.
The Implied Volatility of at the money options has
decreased from 8.96% to 8.82%. At the same time, the
PCR-OI of Nifty has increased from 1.21 levels to 1.22.
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. 153 crores. While, they were marginal sellers in Index
OI
PRICE
Futures with decent rise in open interest, suggesting mix
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
of formation of both long and short in previous trading
PCJEWELLER
2929500
34.97
525.30
2.57
session.
GODREJCP
1163200
16.46
1953.30
1.02
On Index Options front, FIIs' were net buyers worth
FEDERALBNK
73722000
16.05
117.40
-1.63
Rs. 1144 crores with rise in open interest. On Nifty
OIL
2261468
12.13
287.20
-2.97
options front, except for some build-up in 9650 call; we
ICICIBANK
128538300
11.28
291.45
-0.44
could hardly see any relevant build-up. On the flip side,
FORTIS
34935300
10.77
196.10
-1.78
9600, 9650 and 9500 put options were active amongst
EICHERMOT
171375
9.89
27563.35
-1.30
which 9600 strike added decent positions. Maximum
MOTHERSUMI
9415000
9.38
475.30
-1.34
concentration of open interest is at 9700 call and 9600
put options.
Post some shorting by stronger hands (in Index Futures)
OI Losers
in recent consolidation; some mixed activity was seen in
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
last three sessions. However, their previous longs formed
NIITTECH
888000
-11.24
582.00
0.73
in last couple of months are still intact in the system, as
JPASSOCIAT
174080000
-6.30
15.40
3.70
FIIs still hold 75% of their long positions in index futures.
ORIENTBANK
17898000
-6.28
148.45
0.30
While, options data suggest base has now shifted higher
IBREALEST
30890000
-4.48
213.50
2.01
to 9600, which is again a positive sign. Since, data is not
INDIGO
1165200
-3.86
1252.50
1.65
indicating any major change; traders are advised to
CONCOR
1283750
-3.84
1194.20
0.18
remain with the broader trend and any declines towards
ALBK
26850000
-3.76
70.85
-0.14
the support zone of 9550 - 9600 should be used to
ABIRLANUVO
2324800
-3.73
1689.30
-0.94
initiate fresh longs.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HINDUNILVR
25.10
NIFTY
1.22
0.88
ONGC
24.81
BANKNIFTY
1.26
0.83
OIL
28.70
RELIANCE
0.70
0.57
BRITANNIA
25.45
SBIN
0.66
0.73
JSWENERGY
38.55
INFY
0.53
0.50
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Technical & Derivatives Report
June 22, 2017
FII Statistics for June 21, 2017
Turnover on June 21, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1156.70
1247.43
(90.73)
320681
23822.17
2.42
132546
10659.23
37.52
FUTURES
FUTURES
INDEX
INDEX
30859.40
29714.99
1144.42
960445
71641.76
1.87
4906086
421549.43
62.25
OPTIONS
OPTIONS
STOCK
6425.46
7525.04
(1099.59)
1153765
76355.25
0.77
STOCK
FUTURES
570229
41432.68
6.48
FUTURES
STOCK
STOCK
5113.00
5156.35
(43.35)
127009
8914.52
1.17
389354
29608.34
5.03
OPTIONS
OPTIONS
TOTAL
43554.56
43643.81
(89.25)
2561900
180733.70
1.41
TOTAL
5998215
503249.68
50.37
Nifty Spot = 9633.60
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9600
84.95
Buy
9600
30.30
51.70
48.30
9651.70
17.50
82.50
9582.50
Sell
9700
33.25
Sell
9500
12.80
Buy
9600
84.95
Buy
9600
30.30
75.10
124.90
9675.10
23.90
176.10
9576.10
Sell
9800
9.85
Sell
9400
6.40
Buy
9700
33.25
Buy
9500
12.80
23.40
76.60
9723.40
6.40
93.60
9493.60
Sell
9800
9.85
Sell
9400
6.40
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 22, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,629
1,644
1,652
1,666
1,675
ADANIPORTS
361
366
371
376
381
AMBUJACEM
236
238
240
242
244
ASIANPAINT
1,145
1,150
1,155
1,161
1,166
AUROPHARMA
642
649
655
662
668
AXISBANK
503
506
509
511
515
BAJAJ-AUTO
2,774
2,796
2,812
2,834
2,850
BANKBARODA
164
166
168
169
171
BPCL
642
648
658
664
673
BHARTIARTL
363
365
367
369
370
INFRATEL
366
369
373
376
381
BOSCHLTD
23,722
23,974
24,377
24,629
25,032
CIPLA
530
535
541
546
552
COALINDIA
248
249
251
253
255
DRREDDY
2,640
2,664
2,679
2,703
2,719
EICHERMOT
26,918
27,225
27,608
27,915
28,298
GAIL
361
365
370
374
379
HCLTECH
829
836
845
852
861
HDFCBANK
1,672
1,685
1,693
1,707
1,715
HDFC
1,605
1,617
1,627
1,639
1,650
HEROMOTOCO
3,725
3,747
3,778
3,801
3,832
HINDALCO
193
195
198
199
202
HINDUNILVR
1,080
1,102
1,115
1,137
1,151
IBULHSGFIN
1,108
1,115
1,122
1,129
1,137
ICICIBANK
288
290
291
293
294
IOC
404
406
410
412
415
INDUSINDBK
1,476
1,485
1,498
1,508
1,521
INFY
930
937
943
950
956
ITC
305
307
309
311
313
KOTAKBANK
973
982
989
998
1,005
LT
1,731
1,743
1,762
1,774
1,793
LUPIN
1,076
1,085
1,099
1,108
1,122
M&M
1,373
1,380
1,388
1,395
1,402
MARUTI
7,104
7,186
7,235
7,317
7,367
NTPC
156
158
160
161
163
ONGC
162
163
166
167
170
POWERGRID
203
204
206
208
209
RELIANCE
1,394
1,408
1,418
1,432
1,442
SBIN
286
289
291
293
295
SUNPHARMA
517
522
529
534
541
TCS
2,370
2,388
2,415
2,433
2,460
TATAMTRDVR
279
282
285
288
292
TATAMOTORS
449
453
460
464
470
TATAPOWER
81
81
82
82
83
TATASTEEL
511
514
519
522
527
TECHM
386
388
393
395
400
ULTRACEMCO
3,975
3,995
4,028
4,048
4,081
VEDANTA
236
237
239
240
242
WIPRO
250
253
255
258
259
YESBANK
1,416
1,424
1,435
1,443
1,453
ZEEL
495
500
504
509
513
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Technical & Derivatives Report
June 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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