Technical & Derivatives Report
March 28, 2017
Sensex (29237) / Nifty (9045)
Exhibit 1: Nifty Daily Chart
The Nifty index opened yesterday's session marginally negative
and traded with negative bias throughout the session. The index
eventually ended the session with a loss of 0.69 percent over its
previous session's close.
After a positive momentum during last two trading sessions of the
previous week, the Nifty index corrected in yesterday’s session as
the market breadth during the day was in favor of the declines.
However, the index continues to trade around the support zone of
8975-9020 which is the support zone according to the gap
created on 14th March. We reiterate that since the broader trend
of the index is up, traders should use this decline as a buying
opportunity and anticipate the resumption of the uptrend soon.
Once the index resumes the uptrend, we expect the index to head
higher towards 9400 - 9600 (price extension of the previous
upmove from recent low of 7893.80) over the next few weeks.
The chart structure remains positive as long as 8850 remains
unbroken on a closing basis.
Key Levels
Support 1 - 9020
Resistance 1 - 9145
Support 2 - 8975
Resistance 2 - 9200
Nifty Bank Outlook - (21057)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded in a narrow range yesterday and
ended the session with a marginal loss of 0.31 percent.
In yesterday's trading session, the PSU Banks continued their
positive momentum which was also seen in Friday's trading
session. The Nifty PSU Bank index outperformed the broader
markets and gained 1.32 percent yesterday. Since the up move in
last couple of trading session within the PSU Banks has been led
by good volumes, we expect the outperformance to continue.
Hence, we advise traders to continue traded with positive bias
and look for buying opportunities within this space. The intraday
supports for the Nifty Bank index are placed around 20938 and
20854 whereas resistance is seen in the range of 21335 -
21377.
Key Levels
Support 1 - 20938
Resistance 1 - 21335
Support 2 - 20854
Resistance 2 - 21500
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March 28, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.16%
BankNifty futures open interest has increased by 1.95%
as market closed at 9045.20 levels.
The Nifty March future closed with a premium of 22.75
points against the premium of 10.30 points in last
trading session. The April series closed at a premium of
56.35 points.
The Implied Volatility of at the money options has
increased from 10.37% to 12.28%. At the same time, the
PCR-OI of Nifty has decreased from 1.06 to 1.04 levels.
The total OI of the market is Rs. 3,48,908/- cr. and the
stock futures OI is Rs. 1,02,942/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, GMRINFRA, OFSS,
AMBUJACEM and IDBI.
Views
OI Gainers
FIIs were net buyers in cash market segment; they bought
OI
PRICE
equities to the tune of Rs. 578 crores. While, in index
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
futures they sold worth Rs. 488 crores with good amount
BATAINDIA
5759600
40.75
544.90
0.53
of rise in open interest, indicating fresh short formation in
AJANTPHARM
694000
35.55
1799.30
-1.84
previous trading session.
CAIRN
38556000
25.20
292.50
-1.55
In index options, FIIs were net buyers of Rs. 140 crores
CGPOWER
21492000
19.56
77.45
0.06
with marginal change in open interest. In call options,
HCLTECH
9795100
17.96
853.95
-2.08
9050-9100 strikes added huge positions and we believe
TATASTEEL
26082000
15.78
477.50
-3.37
these are long position formed by retail participants. On
CUMMINSIND
967800
15.46
928.05
0.21
the other hand, in put option, we hardly saw any relevant
JETAIRWAYS
5795000
15.32
506.00
2.50
open interest addition. However, good amount of
unwinding was seen in 9100 put option. Highest open
interest in March series is placed at 9200 call and 8800
OI Losers
OI
PRICE
put options.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Yesterday, market remained under pressure and closed
PETRONET
5190000
-9.87
406.75
2.65
with the loss of 0.69%. However, FIIs continued pouring
SINTEX
39778875
-9.28
104.50
4.55
liquidity in cash market segment. While, in index futures
JINDALSTEL
41661000
-9.16
116.70
-2.75
we witnessed some fresh shorts yesterday. Despite,
ORIENTBANK
16668000
-9.13
135.00
-0.07
market being under pressure, we are hardly witnessing
HINDZINC
11148800
-7.95
295.85
0.19
any major profit booking by stronger hands. At present,
HINDUNILVR
7776600
-6.97
900.05
-0.12
9000-9050 is an important support for market. Thus,
HDIL
24080000
-5.46
78.70
0.77
looking at the overall data, we believe traders should
ALBK
15550000
-5.30
72.45
0.69
avoid shorting and use declines to form fresh longs.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
DABUR
20.03
NIFTY
1.04
0.81
HCLTECH
22.12
BANKNIFTY
0.98
0.96
LUPIN
18.70
RELIANCE
0.65
0.81
JSWSTEEL
39.72
IDEA
0.27
0.39
TATASTEEL
34.92
SBIN
0.53
0.45
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Technical & Derivatives Report
March 28, 2017
FII Statistics for March 27, 2017
Turnover on March 27, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
6359.59
6847.71
(488.11)
410021
28421.20
3.95
335315
24030.79
67.04
FUTURES
FUTURES
INDEX
INDEX
41072.97
40932.58
140.40
1100976
76258.43
(0.33)
5177977
382832.86
31.48
OPTIONS
OPTIONS
STOCK
18725.25
19754.32
(1029.07)
1157319
78249.98
4.26
STOCK
FUTURES
1028024
72912.73
45.54
FUTURES
STOCK
STOCK
5886.77
5805.43
81.34
124001
8683.98
1.67
467951
34387.35
2.73
OPTIONS
OPTIONS
TOTAL
72044.59
73340.04
(1295.45)
2792317
191613.59
2.24
TOTAL
7009267
514163.74
32.13
Nifty Spot = 9045.20
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9100
85.55
Buy
9100
60.15
56.50
43.50
9156.50
40.75
59.25
9059.25
Sell
9200
29.05
Sell
9000
19.40
Buy
9100
85.55
Buy
9100
60.15
78.50
121.50
9178.50
54.80
145.20
9045.20
Sell
9300
7.05
Sell
8900
5.35
Buy
9200
29.05
Buy
9000
19.40
22.00
78.00
9222.00
14.05
85.95
8985.95
Sell
9300
7.05
Sell
8900
5.35
Note: Above mentioned Bullish or Bearish Spreads in Nifty (March Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
March 28, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,385
1,391
1,397
1,403
1,409
ADANIPORTS
314
317
320
323
327
AMBUJACEM
225
226
228
229
231
ASIANPAINT
1,022
1,033
1,050
1,061
1,078
AUROPHARMA
656
663
672
679
688
AXISBANK
478
483
488
492
498
BAJAJ-AUTO
2,761
2,785
2,819
2,843
2,877
BANKBARODA
165
169
171
174
177
BHEL
164
166
168
170
171
BPCL
633
638
646
651
659
BHARTIARTL
332
335
339
342
345
INFRATEL
304
308
312
316
320
BOSCH
22,528
22,671
22,836
22,979
23,143
CIPLA
586
589
593
596
600
COALINDIA
289
290
292
293
295
DRREDDY
2,599
2,615
2,632
2,648
2,664
EICHERMOT
23,805
23,984
24,200
24,379
24,595
GAIL
369
373
378
381
387
GRASIM
1,041
1,052
1,061
1,071
1,080
HCLTECH
831
842
857
868
884
HDFCBANK
1,393
1,401
1,413
1,421
1,433
HDFC
1,446
1,460
1,469
1,484
1,493
HEROMOTOCO
3,250
3,297
3,346
3,393
3,442
HINDALCO
183
186
190
193
197
HINDUNILVR
884
891
902
910
921
ICICIBANK
267
270
275
278
283
IDEA
84
86
88
90
93
INDUSINDBK
1,367
1,385
1,399
1,417
1,431
INFY
1,014
1,022
1,032
1,039
1,049
ITC
274
278
280
284
287
KOTAKBANK
849
860
870
881
891
LT
1,529
1,536
1,546
1,553
1,563
LUPIN
1,435
1,446
1,467
1,478
1,498
M&M
1,244
1,255
1,270
1,280
1,295
MARUTI
5,936
5,961
5,990
6,015
6,045
NTPC
162
163
164
165
166
ONGC
186
188
190
191
193
POWERGRID
192
194
195
196
197
RELIANCE
1,227
1,239
1,259
1,271
1,291
SBIN
273
276
278
282
284
SUNPHARMA
681
686
695
700
709
TCS
2,385
2,399
2,419
2,433
2,453
TATAMTRDVR
275
277
279
281
283
TATAMOTORS
458
462
465
469
472
TATAPOWER
85
86
87
88
89
TATASTEEL
463
470
481
488
499
TECHM
455
462
470
477
484
ULTRACEMCO
3,906
3,929
3,957
3,979
4,007
WIPRO
497
500
506
510
516
YESBANK
1,508
1,518
1,530
1,540
1,552
ZEEL
509
513
516
520
523
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Technical & Derivatives Report
March 28, 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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