Technical & Derivatives Report
July 27, 2017
Sensex (32382) / Nifty (10021)
Exhibit 1: Nifty Daily Chart
Tuesday’s historic day was followed by a gap opening in the
market and then strong momentum in the upward direction
during the latter half led to close beyond this important
milestone of 10000 for the first time ever. This is certainly a
remarkable achievement for our markets as the Nifty hastened
towards this magical figure in last couple of weeks.
Now, since last couple of days, we are seeing some tussle in
both counterparties with an expiry perspective. At this juncture,
our strategy more or less remains the same as we would still
avoid participating in it on the index front. We have been
stating repeatedly to keep booking profits and avoiding fresh
longs in the recent rally after surpassing 9700 - 9750 levels.
In hindsight, yes, it’s a miss from our end; but, there are some
indications with slightly broader perspective did not give us
any comfort at all and they are still the same. At times, timing
such things or catching a precise top becomes very difficult
and hence, we followed such approach. Meanwhile, we
participated in individual stocks in last 2 - 3 weeks and we
would continue with the same (but now very selective and with
a proper exit strategy). Technically speaking, on the higher
degree charts, 9750 - 10050 is a cluster of strong resistance
zone for Nifty and hence, traders are continuously advised to
remain light on positions. The intraday support zone for the
Nifty is at 9949 - 9919.
Key Levels
Support 1 - 9949
Resistance 1 - 10036
Support 2 - 9919
Resistance 2 - 10050
Nifty Bank Outlook - (24671)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued its upmove yesterday led by
some of the Private sector heavyweights and ended the session
with gains of 0.61 percent over its previous session's close.
As mentioned in our previous report, the Nifty Bank index
could test the zone of 24800-24850 in this month itself as it is
the 100% extension of the previous upmove added to the
intermediate corrective low. However, since the price extension
coincides with similar time extension as well on the monthly
charts, traders should lighten up their long positions in the
mentioned range. For intraday traders, it would be prudent to
continue with the stock specific approach and trade with
proper risk management. The intraday supports for the Nifty
Bank index is placed in the range of 24510-24440 whereas
resistance is seen in the range of 24800-24850.
Key Levels
Support 1 - 24510
Resistance 1 - 24800
Support 2 - 24440
Resistance 2 - 24850
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Technical & Derivatives Report
July 27, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.97%
BankNifty futures open interest has increased by 7.65%
as market closed at 10020.65 levels.
The Nifty July future closed with a premium of
2.40
points against the premium of 9.25 points in last trading
session. The August series closed at a premium of 44.35
points.
The Implied Volatility of at the money options has
increased from 11.10 to 12.06. At the same time, the
PCR-OI of Nifty has increased from 1.47 levels to 1.60.
Few of the liquid counters where we have seen high cost
of carry are INFIBEAM, KPIT, KSCL, NESTLEIND and
TVSMOTOR.
Views
FIIs activity in cash market segment remained subdued
yesterday. While, they continue their selling streak in
OI Gainers
index futures, they sold to the tune of Rs.801 crores with
OI
PRICE
rise in open interest, indicating fresh short formation took
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
place in previous trading session.
KPIT
15704000
239.33
128.00
2.98
On Index options front, they bought of Rs. 1762 crores
HEXAWARE
4749000
32.14
256.70
3.22
with rise in open interest. In call option, 10100 strike
JPASSOCIAT
211344000
27.38
29.00
7.81
added decent positions, followed by significant
YESBANK
10412500
22.85
1714.15
6.02
unwinding in 9900, 9950 and 10000 call option. On the
DLF
48565000
17.69
196.00
0.38
flip side, 9950-10050 put options added huge positions;
BALKRISIND
616400
17.01
1621.75
-2.47
while, unwinding was seen in 9800, 9850 and 9900 put
GODREJIND
2050500
15.65
676.55
-0.78
options. Maximum open interest in July series remains
ICICIPRULI
3205800
15.40
451.35
-3.89
intact in 10000 call and 9900 put option.
Despite market has been consistently hitting new high,
we are hardly see any buying interest from stronger
OI Losers
hands. In fact, they continue forming short positions in
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
index futures along with long in index put options.
CADILAHC
2801600
-19.42
548.65
0.68
Throughout this series they mainly formed shorts and
ADANIPOWER
116580000
-13.64
35.05
5.41
exited some of their existing longs in index futures
IDBI
33416000
-12.34
62.45
0.81
segment, as the result their 'Long Short Ratio' has
UNIONBANK
18904000
-11.46
159.90
-1.24
plunged from 82% to 60%. Thus, looking at the data, we
DABUR
16297500
-11.37
306.05
-0.28
believe 10000-10050 may act as a resistance; however
VOLTAS
4402000
-10.78
499.40
-0.80
stock specific action may continue. Hence, traders are
RDEL
14445000
-10.03
61.45
0.33
advised to remain light in index and prefer stock specific
ALBK
16830000
-8.98
76.15
-0.72
trades.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
YESBANK
37.61
NIFTY
1.60
1.08
JINDALSTEL
54.51
BANKNIFTY
1.50
0.97
VGUARD
33.69
RELIANCE
0.90
0.60
INDUSINDBK
18.64
ITC
0.41
0.38
FEDERALBNK
35.22
INFY
0.55
0.55
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Technical & Derivatives Report
July 27, 2017
FII Statistics for July 26, 2017
Turnover on July 26, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
6906.04
7707.03
(800.99)
336950
26438.60
5.07
294136
24057.73
33.23
FUTURES
FUTURES
INDEX
INDEX
41250.75
39488.02
1762.74
1187903
92118.90
3.04
5963981
496149.26
31.57
OPTIONS
OPTIONS
STOCK
22407.70
21710.15
697.55
904269
63686.25
1.52
STOCK
FUTURES
1521764
112234.35
29.52
FUTURES
STOCK
STOCK
7772.69
7781.01
(8.32)
119399
8887.77
(2.50)
806684
62299.70
36.39
OPTIONS
OPTIONS
Total
78337.18
76686.20
1650.97
2548521
191131.51
2.49
TOTAL
8586565
694741.04
31.70
Nifty Spot = 10020.65
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
10000
38.95
Buy
10000
17.25
33.20
66.80
10033.20
13.60
86.40
9986.40
Sell
10100
5.75
Sell
9900
3.65
Buy
10000
38.95
Buy
10000
17.25
37.85
162.15
10037.85
15.55
184.45
9984.45
Sell
10200
1.10
Sell
9800
1.70
Buy
10100
5.75
Buy
9900
3.65
4.65
95.35
10104.65
1.95
98.05
9898.05
Sell
10200
1.10
Sell
9800
1.70
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
July 27, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,678
1,692
1,712
1,726
1,747
ADANIPORTS
385
389
392
396
398
AMBUJACEM
262
263
266
267
269
ASIANPAINT
1,116
1,125
1,135
1,144
1,154
AUROPHARMA
737
742
748
754
760
AXISBANK
514
522
533
540
551
BAJAJ-AUTO
2,818
2,829
2,841
2,853
2,865
BANKBARODA
161
162
164
166
168
BPCL
464
468
470
474
476
BHARTIARTL
418
422
426
430
434
INFRATEL
405
409
412
416
419
BOSCHLTD
23,667
23,974
24,187
24,494
24,707
CIPLA
558
567
572
581
586
COALINDIA
256
259
260
262
264
DRREDDY
2,666
2,687
2,702
2,722
2,737
EICHERMOT
28,145
28,574
28,837
29,266
29,529
GAIL
365
370
378
383
390
HCLTECH
874
883
893
903
913
HDFCBANK
1,723
1,735
1,745
1,758
1,768
HDFC
1,609
1,621
1,632
1,645
1,656
HEROMOTOCO
3,658
3,688
3,717
3,746
3,775
HINDALCO
217
219
221
223
225
HINDUNILVR
1,132
1,148
1,158
1,174
1,183
IBULHSGFIN
1,163
1,176
1,196
1,209
1,230
ICICIBANK
302
306
309
313
315
IOC
370
372
374
376
378
INDUSINDBK
1,519
1,550
1,567
1,598
1,616
INFY
986
990
994
999
1,003
ITC
290
292
293
295
296
KOTAKBANK
975
981
988
994
1,001
LT
1,159
1,170
1,177
1,188
1,195
LUPIN
1,109
1,117
1,123
1,130
1,136
M&M
1,376
1,395
1,408
1,426
1,439
MARUTI
7,464
7,515
7,555
7,606
7,646
NTPC
163
165
166
168
169
ONGC
163
163
164
165
165
POWERGRID
215
216
217
218
219
RELIANCE
1,589
1,606
1,618
1,635
1,647
SBIN
293
294
297
299
301
SUNPHARMA
562
571
575
584
589
TCS
2,531
2,544
2,559
2,572
2,587
TATAMTRDVR
268
269
270
272
273
TATAMOTORS
453
455
457
459
461
TATAPOWER
81
82
83
83
84
TATASTEEL
549
557
563
571
576
TECHM
383
386
390
393
397
ULTRACEMCO
4,032
4,053
4,088
4,109
4,144
VEDANTA
275
278
281
283
286
WIPRO
286
288
290
291
293
YESBANK
1,562
1,637
1,680
1,756
1,799
ZEEL
519
525
533
539
547
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Technical & Derivatives Report
July 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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