Technical & Derivatives Report
April 27, 2017
Sensex (30133) / Nifty (9352)
Exhibit 1: Nifty Daily Chart
For the third consecutive day, our markets opened higher owing
to positive global cues. It has been a great come back for our
markets after undergoing few weeks of consolidation mode. In
the process, the Nifty posted yet another record high beyond the
9350 mark. However, some hint of profit booking was witnessed
at higher levels; but, eventually the bulls successfully managed to
defend the 9300 mark and went on to post a decent close
courtesy to smart recovery towards the fag end.
Yesterday’s session was slightly tricky for intraday traders as the
index took a sudden nosedive in the penultimate hour; but, once
again ‘Trend is your Friend’ proved its significance as the intraday
dip was immediately got absorbed. In fact, we would interpret this
small decline as a healthy development, because, it has now
strengthened the price structure to continue this northward rally.
In the coming session, we expect yet another milestone of 9400 to
be achieved, which is the 161% retracement of the recent small
dip from 9273.90 to 9075.15. On the flip side, yesterday’s low of
9301 would provide a decent support for the index. Traders are
repeatedly advised to stay on the long side and one should
continue focusing stocks that have stronger chart structure.
Key Levels
Support 1 - 9301
Resistance 1 - 9400
Support 2 - 9250
Resistance 2 - 9430
Nifty Bank Outlook - (22243)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened another session gap up and traded
with positive bias. Amidst positive momentum in the stocks within
the banking sector, the Nifty bank index ended the session with
gains of 0.85 percent over its previous session’s close.
In last three trading sessions, the stocks from the banking sector
have been the outperformers as there has been a broad based
participation in the upmove from the banking stocks. The upmove
have also been supported by good volumes and hence, we
continue with our optimistic stance on the index. Since last few
weeks, we have been projecting target around 22410 for the
Nifty Bank index which is the 161.8 percent retracement of the
previous corrective move. At current juncture, we advise traders to
continue to trade with positive bias. The intraday supports for the
Nifty Bank index are placed around 22027 and 21950 whereas
resistances are seen around 22410 and 22508.
Key Levels
Support 1 - 22027
Resistance 1 - 22410
Support 2 - 21950
Resistance 2 - 22508
www.angelbroking.com
Technical & Derivatives Report
April 27, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 9.81%
BankNifty futures open interest has increased by 5.59%
as market closed at 9351.85 levels.
The Nifty April future closed with a discount of 9.75
points against the discount of 12.70 points in last trading
session. The May series closed at a premium of 11.45
points.
The Implied Volatility of at the money options has
increased from 10.41% to 11.75%. At the same time, the
PCR-OI of Nifty has increased from 1.28 to 1.33 levels.
The total OI of the market is Rs. 3,99,842/- cr. and the
stock futures OI is Rs. 1,60,999/- cr.
Few of the liquid counters where we have seen high cost
of carry are ADANIENT, TORNTPHARM, UPL,
SOUTHBANK and GRANULES.
Views
OI Gainers
Yesterday, FIIs were net seller equity cash segment worth
OI
PRICE
SCRIP
OI
PRICE
Rs. 493 crores. While, they bought index futures to the
CHG. (%)
CHG. (%)
tune of Rs. 241 with significant rise in open interest;
ORIENTBANK
21450000
37.18
160.25
3.59
indicating blend of longs and shorts; wherein longs are
JUBLFOOD
2449500
28.52
1046.95
-1.80
higher than shorts.
MARICO
5766800
21.73
322.90
3.66
In index options, FIIs were buyer worth Rs. 849 with rise
UPL
9944400
21.55
834.95
3.21
in open interest. In Call options, huge short covering was
ADANIPOWER
162860000
19.42
32.80
-0.46
seen in 9300 to 9200 strikes for yet another day. On the
BEML
3072000
18.30
1427.15
2.84
other hand, 9350 and 9300 put options added good
TCS
8380000
17.98
2310.60
-0.04
amount of positions, indicating base shifting higher for
SRTRANSFIN
2731200
17.93
1052.25
-3.68
the Nifty for current series. While in May series, 9600
and
9500 call options added healthy positions in
OI Losers
yesterday’s session; while, traders have initiated huge
OI
PRICE
positions in 9300 and 9200 put options.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Rollover in Nifty is on the lower side as compared to its
INFIBEAM
872400
-21.74
1101.35
-0.03
last month’s rollover, while it’s on the higher side in
LT
8531000
-20.88
1749.55
0.39
BankNifty. Considering overall derivative activity, the
HDIL
25080000
-13.18
90.00
-4.00
Nifty is poised to conclude the April series above the
JPASSOCIAT
176936000
-11.68
13.10
1.16
9350 mark. Thus, traders are advised to remain positive
MRF
69750
-11.19
68644.30
3.89
and one should take a punt by using any intraday
IBREALEST
23060000
-10.31
153.95
-2.69
correction below 9350 to initiate fresh long in 9350 call
INDIGO
1265400
-10.29
1116.45
0.31
option for the expiry day.
PCJEWELLER
1450500
-10.05
434.15
1.91
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ADANIENT
134.17
NIFTY
1.33
1.02
APOLLOHOSP
28.34
BANKNIFTY
1.52
0.94
IDFCBANK
23.14
RELIANCE
0.47
0.55
CUMMINSIND
30.78
INFY
0.42
0.55
CEATLTD
44.30
SBIN
0.50
0.36
www.angelbroking.com
Technical & Derivatives Report
April 27, 2017
FII Statistics for April 26, 2017
Turnover on April 26, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
9248.18
9006.72
241.46
436158
31509.48
11.76
434511
32848.03
20.93
FUTURES
FUTURES
INDEX
INDEX
59954.96
59106.44
848.51
1021631
73190.11
3.80
7458482
576450.17
41.09
OPTIONS
OPTIONS
STOCK
34428.06
33046.09
1381.97
1414506
96900.19
4.18
STOCK
FUTURES
1721846
129049.82
14.31
FUTURES
STOCK
STOCK
9878.73
10105.57
(226.83)
103925
7742.23
(2.13)
713780
56974.96
12.17
OPTIONS
OPTIONS
TOTAL
113509.93
111264.82
2245.11
2976220
209342.01
4.85
TOTAL
10328619
795322.98
32.68
Nifty Spot = 9351.85
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9300
49.65
Buy
9400
63.05
42.35
57.65
9342.35
50.65
49.35
9349.35
Sell
9400
7.30
Sell
9300
12.40
Buy
9300
49.65
Buy
9400
63.05
48.50
151.50
9348.50
60.00
140.00
9340.00
Sell
9500
1.15
Sell
9200
3.05
Buy
9400
7.30
Buy
9300
12.40
6.15
93.85
9406.15
9.35
90.65
9290.65
Sell
9500
1.15
Sell
9200
3.05
Note: Above mentioned Bullish or Bearish Spreads in Nifty (April Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
www.angelbroking.com
Technical & Derivatives Report
April 27, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,571
1,586
1,607
1,622
1,642
ADANIPORTS
309
316
325
332
341
AMBUJACEM
239
243
247
250
254
ASIANPAINT
1,077
1,091
1,106
1,120
1,136
AUROPHARMA
614
619
624
629
633
AXISBANK
500
508
517
525
534
BAJAJ-AUTO
2,830
2,858
2,886
2,914
2,943
BANKBARODA
176
179
182
185
187
BPCL
711
721
733
744
755
BHARTIARTL
349
353
357
361
365
INFRATEL
356
362
370
375
383
BOSCHLTD
22,223
22,425
22,662
22,864
23,101
CIPLA
539
548
554
563
570
COALINDIA
273
275
278
280
282
DRREDDY
2,578
2,594
2,622
2,639
2,667
EICHERMOT
25,640
25,841
26,070
26,271
26,500
GAIL
404
408
414
419
425
GRASIM
1,142
1,154
1,174
1,186
1,206
HCLTECH
781
791
806
816
832
HDFCBANK
1,439
1,495
1,524
1,580
1,609
HDFC
1,537
1,561
1,576
1,600
1,615
HEROMOTOCO
3,247
3,280
3,304
3,337
3,361
HINDALCO
190
194
196
199
202
HINDUNILVR
911
926
936
951
960
IBULHSGFIN
990
1,000
1,011
1,022
1,033
ICICIBANK
271
274
276
279
281
IOC
421
427
434
440
447
INDUSINDBK
1,447
1,456
1,463
1,472
1,479
INFY
895
904
920
930
945
ITC
278
284
289
295
300
KOTAKBANK
880
890
906
916
931
LT
1,728
1,740
1,752
1,764
1,776
LUPIN
1,358
1,365
1,373
1,380
1,388
M&M
1,297
1,325
1,342
1,370
1,387
MARUTI
6,267
6,337
6,381
6,450
6,494
NTPC
163
165
165
167
168
ONGC
179
179
181
181
183
POWERGRID
202
204
206
208
210
RELIANCE
1,382
1,399
1,420
1,437
1,457
SBIN
280
283
286
290
293
SUNPHARMA
630
636
641
648
653
TCS
2,278
2,294
2,319
2,335
2,360
TATAMTRDVR
269
272
274
277
280
TATAMOTORS
441
446
450
455
459
TATAPOWER
84
85
85
85
86
TATASTEEL
443
449
456
461
468
TECHM
413
420
431
438
449
ULTRACEMCO
4,161
4,196
4,235
4,271
4,310
WIPRO
473
482
497
506
521
YESBANK
1,546
1,564
1,576
1,593
1,605
ZEEL
518
523
528
533
539
www.angelbroking.com
Technical & Derivatives Report
April 27, 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