Technical & Derivatives Report
June 23, 2017
Sensex (31291) / Nifty (9630)
Exhibit 1: Nifty Daily Chart
Yesterday, we witnessed a flat opening with a mildly positive bias
owing to favorable cues from the Asian peers. Subsequently, the
index added further gains to gradually march towards the 9700
mark. However, as expected, a strong bout of profit booking
towards this resistance dragged the index lower to pare down all
gains.
Going forward, we continue to remain cautious on the index and
any attempt towards 9700 - 9720 would be an exit opportunity
for traders holding long positions. On the downside,
9600 - 9580 would be closely watched by the bulls as a breach
below this would augment the selling pressure in the market.
Although, positionally we are cautious on the market, it is very
difficult to consider this as a start of a correction. Traders are
advised to remain light and avoid taking undue risks.
Key Levels
Support 1 - 9600
Resistance 1 - 9700
Support 2 - 9580
Resistance 2 - 9720
Nifty Bank Outlook - (23736)
Exhibit 2: Nifty Bank Daily Chart
Along with the broader markets, the Nifty Bank index too opened
on a positive note and rallied higher yesterday. However, the
index corrected in the last couple of hours and gave up entire
gains to end the session marginally higher.
Although the broader trend for the index is positive, we have
seen very stock specific move in the recent upmove in the Nifty
Bank index. Few private sector banks which constitute the index
heavyweights have participated in uptrend whereas some of the
PSU midcaps have been consolidating well below their recent
highs. Hence, we have been advising traders to focus on stock
specific moves from short-term trading perspective. The '20
DEMA', which is now placed around 23430, has acted as crucial
support in this uptrend on closing basis. Hereon, we advise
traders not to trade aggressively and protect their longs with stop-
loss below the mentioned support. The intraday supports for the
Nifty Bank index are placed around 23620 and 23520 whereas
resistance is seen in the range of 23900 - 23950.
Key Levels
Support 1 - 23620
Resistance 1 - 23900
Support 2 - 23520
Resistance 2 - 23950
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June 23, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.04%
BankNifty futures open interest has increased by 2.93%
as market closed at 9630.00 levels.
The Nifty June future closed with a premium of 3.10
points against the premium of 21.65 points in last
trading session. The July series closed at a premium of
22.15 points.
The Implied Volatility of at the money options has
increased from 8.82% to 9.24%. At the same time, the
PCR-OI of Nifty has decreased from 1.22 levels to 1.18.
Few of the liquid counters where we have seen high cost
of carry are ALBK, SINTEX, NHPC, FORTIS and
ADANIPOWER.
Views
Despite some profit booking from the resistance zone in
OI Gainers
the second half of the trade, FIIs were net buyer in cash
OI
PRICE
market segment worth Rs. 193 crores in previous trading
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
session. While, their overall activity in Index Futures
DLF
41615000
11.37
196.15
-0.66
remained subdued.
OFSS
117600
9.50
3684.50
0.52
On Index Options front, FIIs' were net buyers worth
CHOLAFIN
561500
9.24
1088.50
-2.83
Rs. 594 crores with some rise in open interest. On Nifty
BALKRISIND
377600
8.88
1704.00
2.13
options front, 9650-9900 strikes were active and they
NHPC
22545000
8.87
33.35
-2.49
also added some positions. On the flip side, we hardly
HINDALCO
44943500
8.69
192.00
-2.71
saw any relevant open interest addition in any strikes of
FORTIS
37948500
8.63
199.05
1.50
put option; however, huge amount of unwinding was
HAVELLS
4624000
7.89
473.10
-1.98
seen in 9600 strike, due to which maximum open interest
in put slide lower to
9500. While, maximum
concentration of open call option remained intact at
OI Losers
9700 strike.
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Since last two weeks, the overall activity in terms of open
PETRONET
6682500
-12.54
434.85
-2.07
interest remains subdued in Nifty Futures. However, their
NIITTECH
793500
-10.64
574.45
-1.30
previous longs formed in last couple of months are still
JPASSOCIAT
157760000
-9.38
16.40
6.49
intact in the system, as FIIs still hold 75% of their long
AMARAJABAT
1204800
-7.47
851.30
0.78
positions in index futures. Since, data is not indicating
YESBANK
9435650
-7.00
1452.30
0.97
any major change; traders are advised to remain with
BEML
2322600
-6.29
1546.20
2.26
the broader trend and any declines towards the support
PVR
372400
-5.29
1565.30
-1.25
zone of 9550 - 9600 should be used to initiate fresh
GODREJCP
1104400
-5.06
961.80
-1.52
longs.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
IBREALEST
83.93
NIFTY
1.18
1.19
GRASIM
29.64
BANKNIFTY
1.18
0.83
RDEL
48.82
RELIANCE
0.68
0.53
ABIRLANUVO
28.76
SBIN
0.71
0.66
IOC
33.36
INFY
0.55
0.49
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Technical & Derivatives Report
June 23, 2017
FII Statistics for June 22, 2017
Turnover on June 22, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2219.18
2130.54
88.65
319457
23658.77
(0.38)
223108
18001.35
68.88
FUTURES
FUTURES
INDEX
INDEX
57087.98
56494.32
593.66
967154
72180.94
0.70
10550536
942300.86
123.53
OPTIONS
OPTIONS
STOCK
9147.13
9247.89
(100.76)
1147865
75656.20
(0.51)
STOCK
FUTURES
742672
53188.57
28.37
FUTURES
STOCK
STOCK
6871.33
6826.27
45.06
126844
8886.35
(0.13)
498947
36964.76
24.85
OPTIONS
OPTIONS
TOTAL
75325.62
74699.01
626.61
2561320
180382.26
(0.02)
TOTAL
12015263
1050455.54
108.73
Nifty Spot = 9630.00
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9600
67.60
Buy
9600
35.95
45.30
54.70
9645.30
20.75
79.25
9579.25
Sell
9700
22.30
Sell
9500
15.20
Buy
9600
67.60
Buy
9600
35.95
61.90
138.10
9661.90
28.85
171.15
9571.15
Sell
9800
5.70
Sell
9400
7.10
Buy
9700
22.30
Buy
9500
15.20
16.60
83.40
9716.60
8.10
91.90
9491.90
Sell
9800
5.70
Sell
9400
7.10
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 23, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,629
1,640
1,657
1,668
1,685
ADANIPORTS
364
367
370
373
377
AMBUJACEM
238
242
244
248
250
ASIANPAINT
1,149
1,156
1,163
1,170
1,178
AUROPHARMA
651
659
665
673
679
AXISBANK
502
505
510
513
518
BAJAJ-AUTO
2,791
2,818
2,835
2,862
2,878
BANKBARODA
162
164
166
168
170
BPCL
627
634
644
652
662
BHARTIARTL
359
363
366
369
372
INFRATEL
369
372
374
377
380
BOSCHLTD
23,970
24,128
24,358
24,516
24,746
CIPLA
535
538
542
544
548
COALINDIA
241
243
248
250
254
DRREDDY
2,570
2,603
2,651
2,684
2,733
EICHERMOT
27,246
27,463
27,729
27,946
28,211
GAIL
349
354
361
367
373
HCLTECH
829
839
846
857
864
HDFCBANK
1,677
1,687
1,702
1,712
1,727
HDFC
1,613
1,633
1,647
1,667
1,681
HEROMOTOCO
3,675
3,703
3,746
3,773
3,816
HINDALCO
187
189
194
196
200
HINDUNILVR
1,076
1,085
1,101
1,110
1,127
IBULHSGFIN
1,093
1,104
1,118
1,129
1,144
ICICIBANK
285
287
290
293
296
IOC
381
387
399
405
416
INDUSINDBK
1,476
1,483
1,495
1,502
1,514
INFY
914
927
948
961
982
ITC
305
308
311
314
317
KOTAKBANK
983
991
997
1,005
1,012
LT
1,711
1,724
1,745
1,757
1,778
LUPIN
1,048
1,058
1,073
1,083
1,098
M&M
1,370
1,383
1,395
1,408
1,421
MARUTI
7,255
7,285
7,319
7,349
7,383
NTPC
157
158
159
160
162
ONGC
157
159
162
164
167
POWERGRID
195
199
204
207
212
RELIANCE
1,418
1,425
1,435
1,443
1,453
SBIN
289
292
294
297
299
SUNPHARMA
525
532
536
543
547
TCS
2,358
2,376
2,404
2,422
2,450
TATAMTRDVR
277
279
284
287
292
TATAMOTORS
444
449
456
460
467
TATAPOWER
80
81
82
84
85
TATASTEEL
506
511
516
521
527
TECHM
380
384
389
392
398
ULTRACEMCO
3,950
4,004
4,046
4,100
4,141
VEDANTA
227
230
236
239
245
WIPRO
250
253
256
258
261
YESBANK
1,420
1,436
1,453
1,469
1,486
ZEEL
505
508
510
513
515
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Technical & Derivatives Report
June 23, 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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