Technical & Derivatives Report
June 27, 2017
Sensex (31138) / Nifty (9575)
Exhibit 1: Nifty Daily Chart
Last couple of days of the concluded week must have scared so
many market participants as we saw some early signs of broader
market destruction.
Since last couple of weeks, we have been quite vocal on the
probable (decent) correction in the market as 9620 - 9720 was
seen as a cluster of various Fibonacci ratios on a broader
perspective. In the immediate term, 9480 - 9341 levels are likely
to be retested and eventually extended corrections cannot be
ruled out. In such type of corrections, generally, stock specific
destruction can be severe as most of the stocks (which have given
massive returns in last five months) are due for some kind of a
breather. Hence, we reiterate that one should use any bounce
back towards 9680 - 9720 to exit existing longs and stay light in
the market for a while.
Key Levels
Support 1 - 9560
Resistance 1 - 9680
Support 2 - 9530
Resistance 2 - 9720
Nifty Bank Outlook - (23543)
Exhibit 2: Nifty Bank Daily Chart
Post opening on a flat note, the Nifty Bank index too corrected in
Friday’s trading session and ended the session with a loss of 0.81
percent over its previous day’s close.
Owing to the corrective move seen on Friday, the Nifty Bank index
gave up its weekly gains and has formed a ‘Gravestone Doji’
candlestick pattern n the weekly chart. The mentioned pattern, if
formed after an uptrend, is a sign of a trend reversal. In the
uptrend of last few months, the Nifty Bank index has well
defended the ‘20 DEMA’ support during the corrective moves. A
closing below the ’20 DEMA’ (23440) and breach of the recent
low (21312) would lead to a confirmation of the reversal pattern.
At current juncture, traders are advised to book profits on existing
long positions and stay light. The intraday supports for the Nifty
Bank index are placed around 23440 and 23312 whereas
resistances are seen around 23785 and 23900.
Key Levels
Support 1 - 23440
Resistance 1 - 23785
Support 2 - 23312
Resistance 2 - 23900
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Technical & Derivatives Report
June 27, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.97%
BankNifty futures open interest has increased by 0.46%
as market closed at 9574.95 levels.
The Nifty June future closed with a premium of 15.10
points against the premium of 3.10 points in last trading
session. The July series closed at a premium of 34.20
points.
The Implied Volatility of at the money options has
decreased from 9.24% to 8.67%. At the same time, the
PCR-OI of Nifty has decreased from 1.18 levels to 1.10.
Few of the liquid counters where we have seen high cost
of carry are WOCKPHARMA, RCOM, ADANIPOWER
TV18BRDCST and SUZLON.
Views
On Friday, FIIs were net buyers in both cash market and
index futures segment. They bought equities worth Rs.
OI Gainers
270 crores. While in index futures, they were net buyers
OI
PRICE
SCRIP
OI
PRICE
to the tune of Rs. 898 crores with rise in open interest,
CHG. (%)
CHG. (%)
indicating formation of longs.
JPASSOCIAT
223040000
41.38
18.85
14.94
On Index Options front, FIIs were net buyers worth
ADANIPOWER
155540000
14.15
26.95
-1.82
Rs. 544 crores with rise in open interest. On Nifty options
COLPAL
1238300
13.04
1107.95
0.60
front, 9600 and 9700 call options added huge positions,
ANDHRABANK
29220000
10.35
55.95
-4.28
followed by some build-up in 9650 and 9800 strikes. We
PFC
47736000
10.30
122.75
-4.92
believe these are long positions formed by retail
BHARATFORG
3797400
9.99
1112.95
-3.94
participants. On the flip side, we hardly saw any relevant
VOLTAS
6936000
8.61
454.25
-2.47
build-up in put options; however, good amount of
BEL
33178500
8.59
165.20
-0.78
unwinding was seen in 9400, 9600 and 9700 strike.
Maximum concentration of open interest is visible in
OI Losers
9700 call and 9500 put options.
OI
PRICE
SCRIP
OI
PRICE
Despite, market witnessed some profit booking from
CHG. (%)
CHG. (%)
resistance zone of 9700 last week; with hardly saw any
FORTIS
32786100
-13.60
172.70
-13.24
relevant shorting. In fact, stronger hands poured liquidity
RAMCOCEM
576000
-11.33
684.30
-0.60
through cash market segment in last two trading
ALBK
23060000
-11.00
70.00
-1.27
sessions. They also added good amount of long positions
ASHOKLEY
55209000
-10.01
92.50
-0.96
in index futures. . Also, we are witnessing positive move
NIITTECH
717000
-9.64
564.15
-1.79
in Nifty in expiry week from last six months; and since the
BANKINDIA
30654000
-9.37
133.80
-1.83
overall data remains positive, we would suggest traders
ORIENTBANK
15846000
-8.87
144.00
-2.11
to use decline to buy 9600 call options for current expiry.
JINDALSTEL
43825500
-8.39
118.60
-2.71
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
FORTIS
81.02
NIFTY
1.10
0.96
PFC
40.99
BANKNIFTY
1.15
1.06
JPASSOCIAT
119.50
RELIANCE
0.67
0.58
UPL
27.65
SBIN
0.66
0.55
BHARATFORG
36.45
INFY
0.55
0.43
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Technical & Derivatives Report
June 27, 2017
FII Statistics for June 23, 2017
Turnover on June 23, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3384.03
2485.59
898.45
330233
24312.37
3.37
228704
18084.31
0.46
FUTURES
FUTURES
INDEX
INDEX
46089.15
45545.65
543.50
1007854
74726.28
4.21
4950025
394176.99
-58.17
OPTIONS
OPTIONS
STOCK
15266.25
15516.84
(250.59)
1151707
75381.49
0.33
STOCK
FUTURES
936401
66803.28
25.60
FUTURES
STOCK
STOCK
7910.03
8031.90
(121.87)
126622
8790.08
(0.18)
551187
42205.43
14.18
OPTIONS
OPTIONS
TOTAL
72649.46
71579.97
1069.49
2616416
183210.21
2.15
TOTAL
6666317
521270.01
-50.38
Nifty Spot = 9574.95
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9600
41.15
Buy
9600
48.70
28.85
71.15
9628.85
30.30
69.70
9569.70
Sell
9700
12.30
Sell
9500
18.40
Buy
9600
41.15
Buy
9600
48.70
37.75
162.25
9637.75
41.60
158.40
9558.40
Sell
9800
3.40
Sell
9400
7.10
Buy
9700
12.30
Buy
9500
18.40
8.90
91.10
9708.90
11.30
88.70
9488.70
Sell
9800
3.40
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 27, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,610
1,623
1,640
1,653
1,669
ADANIPORTS
357
361
366
370
375
AMBUJACEM
238
241
243
246
248
ASIANPAINT
1,136
1,145
1,155
1,163
1,173
AUROPHARMA
650
661
668
679
686
AXISBANK
499
502
506
509
513
BAJAJ-AUTO
2,797
2,811
2,831
2,844
2,864
BANKBARODA
157
159
162
164
168
BPCL
618
624
635
642
653
BHARTIARTL
361
363
366
369
371
INFRATEL
366
369
374
377
381
BOSCHLTD
23,155
23,475
23,987
24,307
24,819
CIPLA
535
538
541
544
547
COALINDIA
241
243
245
247
250
DRREDDY
2,595
2,619
2,639
2,664
2,684
EICHERMOT
26,577
26,872
27,345
27,639
28,112
GAIL
344
349
356
362
369
HCLTECH
835
843
851
859
866
HDFCBANK
1,658
1,668
1,686
1,696
1,713
HDFC
1,633
1,642
1,651
1,661
1,670
HEROMOTOCO
3,600
3,630
3,680
3,710
3,760
HINDALCO
184
186
189
191
194
HINDUNILVR
1,064
1,081
1,092
1,109
1,120
IBULHSGFIN
1,035
1,068
1,094
1,128
1,154
ICICIBANK
281
286
290
295
299
IOC
369
376
385
393
402
INDUSINDBK
1,476
1,483
1,493
1,501
1,511
INFY
932
938
943
949
955
ITC
307
309
311
313
315
KOTAKBANK
969
977
991
999
1,013
LT
1,704
1,713
1,728
1,738
1,753
LUPIN
1,041
1,050
1,068
1,077
1,095
M&M
1,340
1,358
1,388
1,406
1,436
MARUTI
7,125
7,172
7,252
7,299
7,379
NTPC
155
156
159
160
162
ONGC
155
156
159
161
163
POWERGRID
201
203
205
208
210
RELIANCE
1,425
1,430
1,436
1,442
1,448
SBIN
283
286
291
294
299
SUNPHARMA
534
539
542
547
551
TCS
2,317
2,339
2,377
2,399
2,437
TATAMTRDVR
269
273
279
283
289
TATAMOTORS
433
438
447
452
461
TATAPOWER
80
81
82
82
83
TATASTEEL
497
502
508
513
519
TECHM
374
377
383
387
393
ULTRACEMCO
3,931
3,965
4,025
4,059
4,119
VEDANTA
227
232
235
240
243
WIPRO
250
253
257
260
263
YESBANK
1,415
1,425
1,442
1,452
1,469
ZEEL
500
505
511
516
522
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Technical & Derivatives Report
June 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]
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