Technical & Derivatives Report
March 29, 2017
Sensex (29410) / Nifty (9101)
Exhibit 1: Nifty Daily Chart
It was certainly a good start for our markets as the Nifty opened
with a decent upside gap owing to cheerful mood across the
Asian bourses. This was followed by a range bound action within
merely
30 points band throughout the remaining session.
However, the overall bias remained on the positive side and as a
result; the Nifty eventually ended the session tad above the 9100
mark.
Although, we witnessed a range bound movement in index post a
gap up opening, a stock specific optimism must have encouraged
lot of market participants. We continue to expect such
outperformance from individual stocks in the forthcoming session
as well. As far as Nifty is concerned, it has precisely closed at the
‘Downward Sloping Trend Line’ on hourly chart. Looking at
yesterday’s move, we expect the Nifty to surpass this hurdle (of
9110) and move towards
9133
-
9174. On the flipside,
yesterday’s low of 9079 would provide a decent support for the
index. Traders are advised to stick to a stock centric approach
and expect the index to trade with a positive bias.
Key Levels
Support 1 - 9079
Resistance 1 - 9133
Support 2 - 9025
Resistance 2 - 9174
Nifty Bank Outlook - (21225)
Exhibit 2: Nifty Bank Daily Chart
In yesterday's trading session, the Nifty Bank index too traded with
positive bias end ended the session with gains of 0.80 percent
over its previous session's close.
The '20 EMA' on the daily chart has again acted as good support
in the recent corrective move and the index has resumed its
uptrend from the mentioned support. Hence, we continue to
maintain a positive stance on the Nifty Bank index and thus,
advise traders to trade with positive bias. Existing positions can
now be protected by trailing the stop loss higher to 20750. The
stocks within the PSU Banking space has attracted good volumes
in last three trading sessions, and thus, we are expecting these
stocks to outperform in near term. Traders can look for buying
opportunities within this space from short-term perspective. The
intraday supports for the Nifty Bank index are placed around
21000 and 20933 whereas resistance is seen in the range of
21335 - 21377.
Key Levels
Support 1 - 21000
Resistance 1 - 21335
Support 2 - 20933
Resistance 2 - 21500
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Technical & Derivatives Report
March 29, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 6.16%
BankNifty futures open interest has increased by 14.51%
as market closed at 9100.80 levels.
The Nifty March future closed with a premium of 8.80
points against the premium of 22.75 points in last
trading session. The April series closed at a premium of
45.00 points.
The Implied Volatility of at the money options has
decreased from 12.28% to 11.93%. At the same time,
the PCR-OI of Nifty has increased from 1.04 to 1.09
levels.
The total OI of the market is Rs. 3,59,770/- cr. and the
stock futures OI is Rs. 1,10,218/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, IFC, CASTROLIND, JUSTDIAL
and IDEA.
Views
OI Gainers
Yesterday, FIIs bought equities to the tune of Rs. 6415
OI
PRICE
crores, such a huge buying figure was mainly because of
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
the deal in Bharti Infratel. While, in index futures they
MOTHERSUMI
12767500
55.70
372.00
1.43
were buyers worth Rs. 300 crores with significant amount
LUPIN
11370800
33.40
1456.70
-0.29
of rise in open interest, indicating blend of long and
UBL
1744400
20.10
780.75
1.23
short formation in last trading session.
ITC
67051200
20.02
280.85
-0.53
In index options, FIIs were net sellers of Rs. 457 crores
HDFC
15563500
18.81
1503.80
1.78
with marginal change in open interest. In call options, we
KOTAKBANK
12150400
17.16
860.45
-1.28
hardly saw any strike adding relevant open interest.
INDUSINDBK
8982600
17.04
1406.40
0.14
However, huge amount of unwinding was seen in 9000-
TECHM
14705900
16.70
457.40
-2.64
9100 call options. On the other hand, in put option,
9050 and 9100 strikes added good amount of open
interest. Highest open interest in March series is placed
OI Losers
OI
PRICE
at 9200 call and of put option has shifted to 9000 from
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
8800 strike price.
CEATLTD
2278500
-16.62
1291.65
-3.15
Yesterday, market again bounced back from its strong
BHARATFIN
16987000
-7.75
836.00
-2.64
support zone of 9000-9050. FIIs continued pumping
PFC
39642000
-6.61
139.45
1.38
liquidity in cash market segment. While, in index futures
TATAGLOBAL
35185500
-5.87
150.30
0.94
we witnessed some mixed activity. Rollover in Nifty and
JINDALSTEL
39339000
-5.57
120.15
2.96
BankNifty is on the higher side at 38.21% and 39.88%
AJANTPHARM
659200
-5.01
1788.70
-0.59
respectively. Therefore, hinting longs formed during the
M&MFIN
16015000
-4.45
329.05
2.38
series are being rolled to next series. Hence, traders are
CUMMINSIND
926400
-4.28
937.45
1.01
suggested to hold on to their longs.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SRTRANSFIN
41.68
NIFTY
1.09
0.89
ZEEL
24.13
BANKNIFTY
1.09
1.06
EICHERMOT
28.43
RELIANCE
0.66
0.62
TECHM
26.83
IDEA
0.27
0.26
APOLLOTYRE
33.61
SBIN
0.57
0.44
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Technical & Derivatives Report
March 29, 2017
FII Statistics for March 28, 2017
Turnover on March 28, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
8061.50
7761.83
299.67
474437
33144.52
15.71
308845
22548.17
-6.17
FUTURES
FUTURES
INDEX
INDEX
32587.13
33044.53
(457.40)
1101438
76835.99
0.04
4296781
318589.29
-16.78
OPTIONS
OPTIONS
STOCK
29466.19
28600.91
865.28
1333799
90425.89
15.25
STOCK
FUTURES
1215685
87111.27
19.47
FUTURES
STOCK
STOCK
4863.10
4884.71
(21.60)
122009
8592.52
(1.61)
441036
33022.39
-3.97
OPTIONS
OPTIONS
TOTAL
74977.92
74291.97
685.95
3031683
208998.93
8.57
TOTAL
6262347
461271.12
-10.29
Nifty Spot = 9100.80
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9000
112.10
Buy
9200
95.55
74.25
25.75
9074.25
65.20
34.80
9134.80
Sell
9100
37.85
Sell
9100
30.35
Buy
9000
112.10
Buy
9200
95.55
105.30
94.70
9105.30
88.40
111.60
9111.60
Sell
9200
6.80
Sell
9000
7.15
Buy
9100
37.85
Buy
9100
30.35
31.05
68.95
9131.05
23.20
76.80
9076.80
Sell
9200
6.80
Sell
9000
7.15
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 29, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,386
1,401
1,413
1,428
1,439
ADANIPORTS
318
319
321
323
325
AMBUJACEM
226
227
229
230
232
ASIANPAINT
1,038
1,048
1,055
1,065
1,072
AUROPHARMA
668
673
679
684
689
AXISBANK
484
494
499
509
514
BAJAJ-AUTO
2,796
2,810
2,825
2,839
2,853
BANKBARODA
170
172
173
175
176
BHEL
166
168
169
170
171
BPCL
636
641
645
650
653
BHARTIARTL
336
338
341
343
346
INFRATEL
309
314
319
324
329
BOSCH
22,792
22,889
22,957
23,054
23,122
CIPLA
589
592
594
596
598
COALINDIA
288
289
291
292
294
DRREDDY
2,615
2,626
2,638
2,649
2,660
EICHERMOT
23,886
24,392
24,771
25,277
25,656
GAIL
369
372
375
378
380
GRASIM
1,043
1,054
1,062
1,073
1,080
HCLTECH
842
851
861
870
880
HDFCBANK
1,408
1,414
1,419
1,426
1,431
HDFC
1,466
1,485
1,496
1,516
1,527
HEROMOTOCO
3,285
3,306
3,333
3,354
3,381
HINDALCO
187
189
190
191
192
HINDUNILVR
894
899
902
906
909
ICICIBANK
274
276
277
278
279
IDEA
86
87
89
90
91
INDUSINDBK
1,390
1,397
1,408
1,415
1,426
INFY
1,026
1,030
1,035
1,039
1,044
ITC
279
280
281
282
283
KOTAKBANK
841
850
865
874
889
LT
1,531
1,538
1,548
1,554
1,564
LUPIN
1,438
1,447
1,460
1,469
1,483
M&M
1,263
1,270
1,277
1,284
1,291
MARUTI
5,909
5,942
5,995
6,028
6,082
NTPC
163
164
165
166
166
ONGC
184
185
188
189
191
POWERGRID
194
195
196
198
198
RELIANCE
1,229
1,237
1,251
1,259
1,273
SBIN
277
279
281
284
286
SUNPHARMA
689
694
698
703
707
TCS
2,394
2,412
2,428
2,446
2,461
TATAMTRDVR
276
281
284
289
292
TATAMOTORS
465
469
471
474
476
TATAPOWER
86
87
88
90
91
TATASTEEL
474
477
480
483
486
TECHM
444
450
461
467
478
ULTRACEMCO
3,952
3,970
3,982
4,000
4,012
WIPRO
499
503
507
511
515
YESBANK
1,520
1,527
1,533
1,541
1,547
ZEEL
510
520
526
536
542
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Technical & Derivatives Report
March 29, 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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