Technical & Derivatives Report
May 29, 2017
Sensex (31028) / Nifty (9595)
Exhibit 1: Nifty Weekly Chart
Finally, 9600 is a reality now as we saw markets continuing their
optimism for the second consecutive day. The rally was clearly
propelled by the Metal conglomerates that started shining back
after a recent underperformance. This was supported by other
heavyweight sectors, like, the Oil & Gas and Banking. Eventually,
the Nifty recorded yet another historical close tad below the 9600
mark.
Despite seeing some correction in the early part of the week, we
maintained our bullish stance on the market and advised traders
to stay with the larger degree up trend. Also, we have been quite
vocal about reaching the new milestone of 9600, which has now
been proved valid. Going ahead, we can see continuation of this
move; but upside in the near term now seems limited. In last 4 -
5 months, we have not used a word ‘cautious’ even on a single
occasion. But, now looking at few key Fibonacci ratios that are
coinciding in the vicinity of 9620 - 9650, we would advise traders
to start taking some money off the table. As mentioned, we now
expect the index to consolidate a bit, during which one should
focus on individual stocks with a positive bias in order to fetch
higher returns. On the lower side, 9520 - 9440 would act as a
strong support zone.
Key Levels
Support 1 - 9520
Resistance 1 - 99620
Support 2 - 9440
Resistance 2 - 9650
Nifty Bank Outlook - (23362)
Exhibit 2: Nifty Bank Weekly Chart
The Nifty Bank index continued its positive momentum on Friday
to close at record highs. During last week, the index ended with
gains of 2.60 percent over its previous week's close.
After a consolidation phase, the Nifty Bank index has resumed its
uptrend in last two trading sessions, supported by Private sector
heavyweights. In near term, we expect the index to continue with
this positive momentum up to 23550-23650. Traders are advised
to book profits on the long positions in the index in this range and
focus on stock specific moves, which could then fetch better
momentum than the index. The intraday supports for the Nifty
Bank index are placed around 23245 and 23090 whereas
resistances are seen around 23480 and 23550.
Key Levels
Support 1 - 23245
Resistance 1 - 23480
Support 2 - 23090
Resistance 2 - 23550
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Technical & Derivatives Report
May 29, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.45%
BankNifty futures open interest has increased by 0.53%
as market closed at 9595.10 levels.
The Nifty June future closed with a discount of 19.30
points against the discount of 13.85 points in last trading
session. The July series closed at a discount of
5.15
point.
The Implied Volatility of at the money options has
increased from 8.01% to 8.20%. At the same time, the
PCR-OI of Nifty has increased from 1.06 to 1.10 levels.
The total OI of the market is Rs. 2,59,104/- cr. and the
stock futures OI is Rs. 93,991/- cr.
Few of the liquid counters where we have seen high cost
of carry are IFCI, CASTROLIND, PFC, CHOLAFIN and
SINTEX.
Views
On Friday FIIs were net sellers in the cash market
OI Gainers
segment worth Rs. 274 crores. While, they bought index
OI
PRICE
SCRIP
OI
PRICE
futures to the tune of Rs. 884 crores with significant fall in
CHG. (%)
CHG. (%)
SINTEX
12126750
30.22
30.45
16.89
open interest, indicating decent amount of short covering
BRITANNIA
384400
28.82
3437.30
-2.98
in previous trading session.
ORIENTBANK
13830000
25.00
149.00
2.90
In index options front, they bought significantly with of
BERGEPAINT
754600
24.28
259.85
6.30
worth Rs. 2446 crores with good amount of rise in open
interest. In call option, 9600 to 10000 strike remained
CEATLTD
1317400
19.80
1661.95
3.61
active and they also added fresh positions. While, huge
IOC
15399000
16.35
427.00
-2.66
build-up was seen in 9400 and 9500 put options,
BANKINDIA
21078000
15.60
148.10
1.61
followed by some open interest addition in 9200 and
HINDALCO
35724500
14.17
199.70
4.36
9600 put option.
Rollover in Nifty is higher than its quarterly average of
OI Losers
69.36%, thus indicating traders have rolled their long
OI
PRICE
SCRIP
OI
PRICE
positions to the next series. However, the rollover in
CHG. (%)
CHG. (%)
BAJFINANCE
3809000
-5.69
1322.00
4.33
BankNifty is on lower side as compared to its average.
On Expiry, FIIs have exited around 55% of their short
SAIL
72840000
-5.05
59.55
3.84
positions in index future and added some fresh longs.
IGL
1741300
-5.01
1023.40
3.43
Now, their ‘Long/Short Ratio’ has increased from 67% to
VEDL
49024500
-4.97
243.30
4.29
85.15% on week-on-week basis. Considering overall
AMARAJABAT
1144800
-4.60
863.90
2.52
activity, we continue to maintain our optimistic stance on
GODREJCP
470000
-4.55
1841.55
2.39
the market and thus, would advice traders to prefer stock
SRTRANSFIN
2421000
-3.88
983.15
1.94
specific approach to fetch higher returns.
CONCOR
1169375
-3.85
1213.60
4.27
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HINDPETRO
59.75
NIFTY
1.10
0.94
BERGEPAINT
42.49
BANKNIFTY
1.23
0.71
SINTEX
105.85
RELIANCE
0.46
0.34
INFIBEAM
65.31
SBIN
0.66
0.50
KSCL
60.55
ICICIBANK
0.79
0.60
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Technical & Derivatives Report
May 29, 2017
FII Statistics for May 26, 2017
Turnover on May 26, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3159.33
2275.10
884.24
232978
17309.78
(5.39)
202818
16075.36
-66.09
FUTURES
FUTURES
INDEX
INDEX
42124.01
39677.72
2446.30
721075
52850.10
11.88
3193482
260144.13
-74.47
OPTIONS
OPTIONS
STOCK
9291.33
9359.44
(68.12)
1042274
68213.79
2.77
STOCK
FUTURES
768678
53836.09
-62.41
FUTURES
STOCK
STOCK
5742.78
5415.13
327.65
37970
2656.93
2192.87
425935
30919.48
-40.14
OPTIONS
OPTIONS
TOTAL
60317.45
56727.38
3590.07
2034297
141030.61
6.70
TOTAL
4590913
360975.06
-71.38
Nifty Spot = 9595.10
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9600
90.70
Buy
9600
117.60
42.20
57.80
9642.20
38.35
61.65
9561.65
Sell
9700
48.50
Sell
9500
79.25
Buy
9600
90.70
Buy
9600
117.60
68.00
132.00
9668.00
64.60
135.40
9535.40
Sell
9800
22.70
Sell
9400
53.00
Buy
9700
48.50
Buy
9500
79.25
25.80
74.20
9725.80
26.25
73.75
9473.75
Sell
9800
22.70
Sell
9400
53.00
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
May 29, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,592
1,612
1,626
1,646
1,659
ADANIPORTS
334
341
346
353
358
AMBUJACEM
236
238
241
243
245
ASIANPAINT
1,110
1,121
1,135
1,146
1,160
AUROPHARMA
516
524
533
542
551
AXISBANK
502
507
510
515
518
BAJAJ-AUTO
2,777
2,796
2,815
2,834
2,853
BANKBARODA
176
177
180
182
184
BPCL
685
717
736
768
786
BHARTIARTL
362
368
374
380
386
INFRATEL
360
365
371
376
382
BOSCHLTD
22,962
23,284
23,566
23,889
24,171
CIPLA
467
478
491
502
516
COALINDIA
264
266
268
270
271
DRREDDY
2,337
2,375
2,443
2,482
2,549
EICHERMOT
27,581
27,966
28,300
28,685
29,018
GAIL
396
399
401
404
406
HCLTECH
850
854
860
865
871
HDFCBANK
1,589
1,607
1,620
1,638
1,651
HDFC
1,514
1,531
1,547
1,564
1,580
HEROMOTOCO
3,574
3,596
3,628
3,650
3,683
HINDALCO
183
191
197
205
211
HINDUNILVR
1,026
1,033
1,040
1,048
1,055
IBULHSGFIN
1,033
1,060
1,075
1,101
1,116
ICICIBANK
313
317
320
325
327
IOC
408
417
425
434
443
INDUSINDBK
1,440
1,459
1,472
1,491
1,504
INFY
973
984
992
1,004
1,012
ITC
293
301
307
315
322
KOTAKBANK
945
955
962
972
979
LT
1,735
1,761
1,780
1,806
1,825
LUPIN
1,062
1,087
1,125
1,150
1,188
M&M
1,318
1,329
1,339
1,351
1,360
MARUTI
6,880
6,972
7,029
7,121
7,178
NTPC
155
155
156
157
157
ONGC
173
174
176
177
179
POWERGRID
196
199
201
205
207
RELIANCE
1,283
1,310
1,327
1,354
1,372
SBIN
283
286
288
291
294
SUNPHARMA
543
555
577
589
610
TCS
2,528
2,553
2,590
2,615
2,652
TATAMTRDVR
277
282
286
291
294
TATAMOTORS
466
474
481
488
496
TATAPOWER
79
80
81
82
82
TATASTEEL
475
493
504
523
533
TECHM
414
422
428
435
442
ULTRACEMCO
4,096
4,125
4,171
4,200
4,246
VEDANTA
226
234
240
249
254
WIPRO
525
532
539
545
552
YESBANK
1,438
1,466
1,483
1,511
1,528
ZEEL
504
512
517
525
530
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Technical & Derivatives Report
May 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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