Technical & Derivatives Report
May 25, 2017
s
Sensex (30302) / Nifty (9361)
Exhibit 1: Nifty Daily Chart
Yesterday, we witnessed a flat opening in our market; however,
the index remained under pressure for the major part of the day
on the back of some geopolitical concerns on the domestic front.
As a result, the Nifty eventually ended the session with a decent
cut below the 9400 mark.
Due to yesterday's correction, the Nifty sneaked below the
important support of 9372 with a small margin. But, still we are
not so comfortable to go short on the market. We would expect
9350 - 9330 to provide a decent support and as a contrarian
trader, a possibility of recovery cannot be ruled out. For the
coming session, 9420 is the level to watch out for in the upward
direction. We would see buying momentum accelerating once the
index surpasses this hurdle to test the 9460 - 9500 levels.
Key Levels
Support 1 - 9350
Resistance 1 - 9460
Support 2 - 9330
Resistance 2 - 9500
Nifty Bank Outlook - (22536)
Exhibit 2: Nifty Bank Daily Chart
Similar to the previous trading session, the Nifty Bank index
traded in a narrow range while the stock specific correction
continued yesterday. The Nifty Bank index registered a low tad
above the support of 22450 and has ended the session with a
minor loss of 0.21 percent. So far, there are no signs of a trended
move as the index continues its consolidation phase wherein the
index has now approached the lower end of the range. We
continue to advise traders to remain light on positions as there
could be higher volatility on account of the F&O expiry today. The
intraday supports for the Nifty Bank index are placed around
22450 and 22325 whereas resistances are seen around 22740
and 22920.
Key Levels
Support 1 - 22450
Resistance 1 - 22740
Support 2 - 22325
Resistance 2 - 22920
www.angelbroking.com
Technical & Derivatives Report
May 25, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 4.06%
BankNifty futures open interest has increased by 0.32%
as market closed at 9360.55 levels.
The Nifty May future closed with a premium of 4.30
points against the premium of 4.30 points in last trading
session. The June series closed at a premium of 12.60
points.
The Implied Volatility of at the money options has
decreased from 12.94% to 12.49%. At the same time,
the PCR-OI of Nifty has decreased from 1.12 to 1.07
levels.
The total OI of the market is Rs. 3,47,531/- cr. and the
stock futures OI is Rs. 1,08,671/- cr.
Few of the liquid counters where we have seen high cost
of carry are UJJIVAN, CAPF, BAJAJ-AUTO, SAIL and
ASIANPAINT.
Views
FIIs activity in cash market segment remained subdued.
OI Gainers
While they were net buyer worth Rs. 231 crores in index
OI
PRICE
futures with significant rise in open interest, indicating
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
formation of both long and short positions in previous
ADANIPOWER
162040000
27.69
28.05
-6.03
trading session.
VOLTAS
8298000
20.19
446.80
9.22
In index options front, they bought of Rs. 370 crores with
PCJEWELLER
1359000
18.43
429.20
-3.09
rise in open interest. In Nifty options, good amount of
KSCL
3532500
14.54
493.40
-5.64
build-up was seen in 9350 call option; followed by
JSWENERGY
60743000
14.07
62.20
-2.05
unwinding in 9600 and 9400 strikes. On the other hand,
MCX
1991000
13.25
936.95
-3.47
decent unwinding was seen in 9400, 9300 and 9200 put
TVSMOTOR
7652000
12.60
524.15
-0.23
options. However in June series, 9400 - 9700 call
ARVIND
8130000
11.95
368.20
-2.28
options are attracting trader’s attraction and are adding
fresh positions; while in put options, fresh build-up was
OI Losers
witnessed in 9200 - 9400 strikes.
OI
PRICE
FIIs forming mixed positions in index futures from start of
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
the week; however, it’s observed that the majority of
CHOLAFIN
154500
-23.89
1008.30
-1.41
positions formed are on long side. On the other hand,
TV18BRDCST
90440000
-17.26
33.30
-7.50
despite a corrective move, FIIs bought huge amount of
TORNTPOWER
3981000
-15.75
194.80
2.74
stock futures for fourth consecutive session, which is
CEATLTD
1574300
-15.61
1700.55
-1.39
something to cheers for the Bulls. Thus, the overall data
DISHTV
21154000
-14.99
91.30
-4.20
is not indicating any significant sign of reversal in the
NTPC
23988000
-13.35
156.35
-0.32
market; traders are advised to remain with the broader
RCOM
122300000
-13.26
25.90
-7.99
trend and use intraday declines to initiate fresh longs in
TATAPOWER
29394000
-11.20
80.15
-0.19
9300 call option.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
VOLTAS
49.83
NIFTY
1.07
1.12
TATAELXSI
51.79
BANKNIFTY
1.08
1.03
CENTURYTEX
52.36
RELIANCE
0.36
0.61
KSCL
35.99
SBIN
0.38
0.44
MFSL
56.58
YESBANK
0.37
0.58
www.angelbroking.com
Technical & Derivatives Report
May 25, 2017
FII Statistics for May 24, 2017
Turnover on May 24, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
10938.89
10708.35
230.54
302074
21966.63
15.95
450051
33624.88
8.47
FUTURES
FUTURES
INDEX
INDEX
73909.80
73540.04
369.76
1073437
77241.41
2.24
8835848
675975.70
12.88
OPTIONS
OPTIONS
STOCK
32977.36
31690.63
1286.73
1263160
80691.45
3.45
STOCK
FUTURES
1789998
120334.93
7.22
FUTURES
STOCK
STOCK
9539.76
9316.22
223.54
115835
7951.80
0.62
764353
56177.14
2.79
OPTIONS
OPTIONS
TOTAL
127365.81
125255.24
2110.57
2754506
187851.29
4.08
TOTAL
11840250
886112.66
11.22
Nifty Spot = 9360.55
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9300
68.95
Buy
9400
46.80
57.65
42.35
9357.65
36.90
63.10
9363.10
Sell
9400
11.30
Sell
9300
9.90
Buy
9300
68.95
Buy
9400
46.80
67.80
132.20
9367.80
43.95
156.05
9356.05
Sell
9500
1.15
Sell
9200
2.85
Buy
9400
11.30
Buy
9300
9.90
10.15
89.85
9410.15
7.05
92.95
9292.95
Sell
9500
1.15
Sell
9200
2.85
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
www.angelbroking.com
Technical & Derivatives Report
May 25, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,534
1,559
1,599
1,624
1,664
ADANIPORTS
322
331
337
346
352
AMBUJACEM
229
232
236
239
244
ASIANPAINT
1,066
1,079
1,093
1,105
1,119
AUROPHARMA
508
517
530
539
552
AXISBANK
490
495
500
505
510
BAJAJ-AUTO
2,677
2,721
2,794
2,837
2,910
BANKBARODA
170
173
178
181
186
BPCL
681
697
707
722
732
BHARTIARTL
362
365
369
372
376
INFRATEL
358
363
373
378
388
BOSCHLTD
22,407
22,617
22,969
23,179
23,531
CIPLA
501
510
523
533
546
COALINDIA
255
258
264
268
274
DRREDDY
2,470
2,494
2,533
2,557
2,596
EICHERMOT
26,884
27,124
27,441
27,681
27,998
GAIL
369
380
386
397
404
GRASIM
1,071
1,085
1,100
1,114
1,129
HCLTECH
833
844
851
862
869
HDFCBANK
1,555
1,561
1,568
1,574
1,582
HDFC
1,497
1,511
1,526
1,540
1,556
HEROMOTOCO
3,484
3,526
3,569
3,611
3,654
HINDALCO
180
184
189
192
197
HINDUNILVR
1,017
1,028
1,034
1,044
1,050
IBULHSGFIN
1,015
1,027
1,042
1,054
1,069
ICICIBANK
300
303
307
310
313
IOC
414
422
430
438
446
INDUSINDBK
1,379
1,396
1,410
1,427
1,440
INFY
941
948
957
964
973
ITC
296
298
300
302
304
KOTAKBANK
926
931
937
942
948
LT
1,627
1,656
1,706
1,735
1,786
LUPIN
1,116
1,172
1,224
1,280
1,331
M&M
1,279
1,294
1,316
1,331
1,354
MARUTI
6,766
6,818
6,865
6,917
6,965
NTPC
154
155
157
158
160
ONGC
171
172
174
176
178
POWERGRID
195
198
201
203
206
RELIANCE
1,284
1,291
1,302
1,309
1,321
SBIN
276
280
285
289
294
SUNPHARMA
590
597
606
613
623
TCS
2,513
2,536
2,553
2,576
2,593
TATAMTRDVR
268
272
276
280
284
TATAMOTORS
452
461
467
476
482
TATAPOWER
79
80
81
81
82
TATASTEEL
473
478
487
492
500
TECHM
412
414
417
420
423
ULTRACEMCO
4,061
4,116
4,205
4,261
4,350
WIPRO
513
519
526
532
538
YESBANK
1,376
1,401
1,422
1,447
1,468
ZEEL
497
503
509
515
520
www.angelbroking.com
Technical & Derivatives Report
May 25, 2017
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a
registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number
INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing
/dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed public
offering of securities of the company covered by *Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
www.angelbroking.com