Technical & Derivatives Report
September 27, 2017
Sensex (31600) / Nifty (9871)
Exhibit 1: Nifty Daily Chart
Finally, after two days of massive destruction, we saw some
respite in our market. The Nifty remained in a range as we
saw some decent recovery from lower levels to conclude on a
flat note.
Clearly, the kind of activity that we saw yesterday provides a
lot of credence to the 9800 mark. This was evident as the
expiry factor came into picture and it seems the Nifty is
reluctant to slip below this support level in the current expiry.
The overall trend remains weak but we believe that the index
is likely to consolidate in a range of 9800 - 9950 before
resuming its corrective move. For the coming session, 9890 -
9950 would be seen as a resistance zone. Traders are advised
to remain light and adopt a stock specific approach for today's
session.
Key Levels
Support 1 - 9800
Resistance 1 - 9890
Support 2 - 9780
Resistance 2 - 9950
Nifty Bank Outlook - (24199)
Exhibit 2: Nifty Bank Daily Chart
In yesterday's trading session, the Nifty Bank index traded in a
narrow range and ended the session with minor gains of 0.14
percent over its previous session’s close.
The indices along with the stocks within the mid-cap space
attempted a pullback move yesterday. However, this move just
seems to be a pullback rally and hence, traders should avoid
getting trapped in this upmove. Once the pullback move is
over, we expect the Nifty Bank index to correct upto its
'89DEMA' support around 23850. Hence, we advise traders to
exit long positions if any in the pullback move. The near-term
support for the index is placed around
23850 whereas
resistances are seen around 24300 and 24450.
Key Levels
Support 1 - 24000
Resistance 1 - 24300
Support 2 - 23850
Resistance 2 - 24450
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Technical & Derivatives Report
September 27, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 5.20%
BankNifty futures open interest has increased by 9.54%
as market closed at 9871.50 levels.
The Nifty September future closed with a discount of 4.55
points against the premium of 6.05 points in last trading
session. The October series closed at a premium of
28.35 points.
The Implied Volatility of at the money options has
decreased from 14.21 to 13.26. At the same time, the
PCR-OI of Nifty is has decreased to 1.11 from 1.12
levels.
Few of the liquid counters where we have seen high cost
of carry are CHENNPETRO, VGUARD, BALKRISIND, and
Views
FlIs were net sellers in cash market segment and index
futures. They sold equities to the tune of Rs. 1916 crores.
OI Gainers
While in index futures they were net sellers of Rs.1263
OI
PRICE
SCRIP
OI
PRICE
crores with rise in open interest, suggesting fresh short
CHG. (%)
CHG. (%)
formation in previous trading session.
DHFL
27411000
20.77
557.25
5.35
In index options front, they were net buyers of Rs. 828
ACC
2058800
17.48
1632.40
-0.21
crores with rise in open interest. In call option, we
CHOLAFIN
550000
16.53
1077.50
-1.75
witnessed good amount of OI addition in 9850 & 9900
JPASSOCIAT
207876000
13.52
16.45
-4.08
strikes, followed by some unwinding in 10000-10200
OIL
3315158
11.34
349.75
5.57
call options. On the flip side, 9800 and 9850 put options
WOCKPHARMA
3072800
10.37
636.90
4.73
added some fresh positions; while, good amount of short
JUSTDIAL
4447200
10.36
380.45
-1.35
covering was seen in 10000 put. Thus, maximum open
IFCI
94644000
8.94
23.45
3.08
interest in put options has shifted lower to 9800 and of
call options remains intact in 10000 strike.
OI Losers
Throughout September series, we witnessed good
OI
PRICE
amount of open interest addition, wherein FIIs were net
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
sellers in index futures. In index options too, they formed
HEXAWARE
2241000
-11.70
269.40
1.60
bearish bets recently by adding fresh index puts and
MGL
820200
-9.47
1084.70
0.66
writing call options. The way options activity has shaped
RELCAPITAL
10099500
-8.68
619.90
-0.59
up, we believe 10000-10050 may now act as a strong
GODFRYPHLP
618500
-8.03
1043.95
8.20
hurdle. Hence, any bounce back beyond 9900 should be
APOLLOHOSP
1629500
-7.62
1013.45
0.42
an opportunity to go short on index.
CUMMINSIND
684000
-7.39
916.70
2.34
ICICIPRULI
6219200
-6.98
398.90
2.56
IOC
18589500
-6.33
399.00
-0.11
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
GODFRYPHLP
60.09
NIFTY
1.11
0.81
ONGC
30.77
BANKNIFTY
0.86
0.80
OIL
41.26
RELIANCE
0.49
0.58
BHARATFORG
35.51
INFY
0.34
0.40
INFRATEL
33.49
SBIN
0.32
0.26
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Technical & Derivatives Report
September 27, 2017
FII Statistics for September 26, 2017
Turnover on September 26, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4213.02
5476.28
(1263.26)
315320
23855.42
10.51
274148
22130.62
-13.00
FUTURES
FUTURES
INDEX
INDEX
76286.37
75458.25
828.12
1154781
89567.60
2.78
7094310
583749.67
-5.99
OPTIONS
OPTIONS
STOCK
19474.53
19154.16
320.36
842694
58168.40
(0.11)
STOCK
FUTURES
1259482
89832.97
13.40
FUTURES
STOCK
STOCK
5069.56
4856.55
213.01
106916
7791.53
(1.08)
523223
41206.24
-19.13
OPTIONS
OPTIONS
Total
105043.48
104945.24
98.24
2419711
179382.94
2.50
TOTAL
9151163
736919.50
-5.11
Nifty Spot = 9871.50
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9900
25.50
Buy
9900
55.95
19.35
80.65
9919.35
38.15
61.85
9861.85
Sell
10000
6.15
Sell
9800
17.80
Buy
9900
25.50
Buy
9900
55.95
23.75
176.25
9923.75
50.00
150.00
9850.00
Sell
10100
1.75
Sell
9700
5.95
Buy
10000
6.15
Buy
9800
17.80
4.40
95.60
10004.40
11.85
88.15
9788.15
Sell
10100
1.75
Sell
9700
5.95
Note: Above mentioned Bullish or Bearish Spreads in Nifty (September Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
September 27, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,601
1,617
1,633
1,648
1,664
ADANIPORTS
382
386
390
394
398
AMBUJACEM
258
260
262
263
265
ASIANPAINT
1,150
1,162
1,176
1,188
1,202
AUROPHARMA
688
699
707
717
725
AXISBANK
492
502
510
520
528
BAJAJ-AUTO
3,016
3,031
3,044
3,059
3,072
BANKBARODA
139
141
143
144
146
BPCL
446
458
472
483
497
BHARTIARTL
378
383
388
392
397
INFRATEL
361
369
381
389
402
BOSCHLTD
20,831
21,163
21,344
21,676
21,857
CIPLA
565
572
577
584
589
COALINDIA
251
256
259
264
267
DRREDDY
2,277
2,324
2,369
2,416
2,462
EICHERMOT
30,236
30,531
30,796
31,092
31,356
GAIL
392
395
400
403
408
HCLTECH
852
863
875
886
898
HDFCBANK
1,780
1,786
1,791
1,798
1,803
HDFC
1,712
1,727
1,743
1,757
1,773
HEROMOTOCO
3,715
3,751
3,778
3,815
3,842
HINDALCO
225
230
233
237
240
HINDUNILVR
1,166
1,192
1,227
1,252
1,287
IBULHSGFIN
1,193
1,218
1,233
1,258
1,272
ICICIBANK
274
278
281
286
288
IOC
377
389
396
407
415
INDUSINDBK
1,670
1,681
1,694
1,706
1,718
INFY
889
897
903
911
917
ITC
260
261
262
264
265
KOTAKBANK
980
987
997
1,004
1,014
LT
1,142
1,153
1,161
1,172
1,180
LUPIN
984
995
1,004
1,015
1,023
M&M
1,229
1,238
1,252
1,261
1,275
MARUTI
7,802
7,846
7,913
7,957
8,024
NTPC
163
165
166
168
169
ONGC
164
168
170
174
176
POWERGRID
208
209
211
213
215
RELIANCE
805
813
820
827
835
SBIN
254
256
258
260
262
SUNPHARMA
499
504
509
513
519
TCS
2,429
2,452
2,489
2,512
2,549
TATAMTRDVR
224
225
229
230
234
TATAMOTORS
399
405
409
416
420
TATAPOWER
78
79
81
82
84
TATASTEEL
632
643
650
661
668
TECHM
435
441
448
454
460
ULTRACEMCO
3,796
3,855
3,895
3,954
3,994
VEDANTA
301
310
314
323
328
WIPRO
287
289
291
292
294
YESBANK
353
357
360
364
367
ZEEL
517
521
524
528
531
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Technical & Derivatives Report
September 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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