Technical & Derivatives Report
June 29, 2017
Sensex (30834) / Nifty (9491)
Exhibit 1: Nifty Daily Chart
Yesterday, our markets opened on a flat note in line with global
cues. Subsequently, index faced some selling pressure at higher
levels, which resulted into some corrective move below the 9500
mark. However, the overall trading range for the day was slightly
narrow as compared to previous session.
It seems that market is respecting 9480 level as it coincides with
the 61.8% retracement of the recent small up move. Considering
yesterday's stock specific strength, a possibility of some bounce
back cannot be ruled out. However, the immediate trend now
remains on the downside and hence, any pullback towards
9540 - 9560 should be seen as exit opportunity for traders
holding long positions. On the flipside, we expect this correction
to extend towards 9420 - 9340 levels in next few sessions.
Recently, we started advising traders to stay light and use rallies to
exit longs with a short term perspective, this view still remains
valid as we expect some jittery moves in the market.
Key Levels
Support 1 - 9480
Resistance 1 - 9540
Support 2 - 9420
Resistance 2 - 9560
Nifty Bank Outlook - (23236)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded in a narrow range yesterday and
ended the session with negligible gains.
In yesterday's session, we witnessed stock specific momentum
while the index was locked in a narrow range. Being a F&O
expiry session today, we could continue to see such stock-specific
volatility in today's session too. Positionally, the index is expected
to resist around 23450-23500 on pullback moves and hence,
traders should lighten up their longs in this pullback. The intraday
supports for the Nifty bank index are placed around 23090 and
22980 whereas resistances are seen around 23350 and 23470.
Key Levels
Support 1 - 23090
Resistance 1 - 23350
Support 2 - 22980
Resistance 2 - 23470
www.angelbroking.com
Technical & Derivatives Report
June 29, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.62%
BankNifty futures open interest has increased by 8.44%
as market closed at 9491.25 levels.
The Nifty June future closed with a premium of 4.35
points against the premium of 1.60 points in last trading
session. The July series closed at a premium of 17.50
points.
The Implied Volatility of at the money options has
decreased from 12.61% to 12.33%. At the same time,
the PCR-OI of Nifty has increased from 0.98 levels to
0.99.
Few of the liquid counters where we have seen high cost
of carry are INFIBEAM, RCOM, SUZLON, AXISBANK and
SAIL.
Views
Yesterday, FIIs were net sellers in both cash market
segment and index futures. They sold equities worth
OI Gainers
Rs. 469 cores. While, in Index futures they were sellers
OI
PRICE
SCRIP
OI
PRICE
worth Rs.
902 crores with rise in open interest,
CHG. (%)
CHG. (%)
suggesting formation of short positions in previous
PETRONET
11629500
41.14
431.20
-0.55
trading session.
MRPL
6570000
20.76
119.50
-0.17
In index options front, they bought of Rs. 718 crores with
HDIL
31776000
19.46
87.95
2.75
rise in open interest. In call options, 9500-9550 strikes
LT
12069000
17.02
1701.90
0.03
added good amount of positions, followed by unwinding
KSCL
4579500
16.35
654.25
0.57
in 9700-9800 strikes. On the flip side, decent open
SBIN
100269000
16.01
277.25
-0.95
interest addition was seen in 9400 and 9450 put options
PAGEIND
31500
15.60
16753.75
2.48
along with unwinding in
9500 and
9600 strikes.
INDIGO
1427400
15.49
1265.50
3.65
However, highest open interest remains intact at 9700
call and 9500 put options.
OI Losers
Despite, market has been under pressure since last three
OI
PRICE
SCRIP
OI
PRICE
trading sessions, we are witnessing mixed activity in index
CHG. (%)
CHG. (%)
futures. However, longs formed in last couple of series
CADILAHC
3544000
-13.61
527.95
0.31
are still intact. Rollover in Nifty as well as BankNifty is on
NBCC
3873000
-13.30
203.75
0.42
the higher side at 59.60% and 50.28% respectively. At
UNIONBANK
25224000
-13.24
146.05
2.28
current juncture, 9470-9500 remains a strong support
HEXAWARE
3465000
-13.22
242.95
-1.12
for market; while, 9570-9580 is an immediate hurdle for
ANDHRABANK
26880000
-12.07
54.05
0.75
June expiry. Thus, any dip towards support shall be use
NTPC
20924000
-12.01
159.20
0.89
to buy 9500 call options for today.
RELCAPITAL
11056500
-11.38
650.35
-1.34
INFIBEAM
1332800
-10.50
1053.05
-0.04
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
PIDILITIND
29.52
NIFTY
0.99
0.82
ASIANPAINT
21.46
BANKNIFTY
0.94
0.88
NATIONALUM
32.31
RELIANCE
0.61
0.74
INDIGO
36.14
SBIN
0.52
0.46
RELIANCE
26.32
INFY
0.54
0.49
www.angelbroking.com
Technical & Derivatives Report
June 29, 2017
FII Statistics for June 28, 2017
Turnover on June 28, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
7737.87
8639.54
(901.67)
377422
27843.12
5.65
336461
26464.93
-27.57
FUTURES
FUTURES
INDEX
INDEX
73707.91
72989.64
718.28
1048414
77114.86
1.45
7500085
606452.79
-6.81
OPTIONS
OPTIONS
STOCK
36522.82
35727.47
795.35
1234566
81183.16
4.15
STOCK
FUTURES
1681034
114062.29
13.92
FUTURES
STOCK
STOCK
4902.56
4811.93
90.63
121096
8359.70
(2.47)
496580
36872.04
-4.78
OPTIONS
OPTIONS
Total
122871.16
122168.57
702.58
2781498
194500.83
3.01
TOTAL
10014160
783852.04
-5.12
Nifty Spot = 9491.25
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9500
23.70
Buy
9500
30.85
20.85
79.15
9520.85
24.65
75.35
9475.35
Sell
9600
2.85
Sell
9400
6.20
Buy
9500
23.70
Buy
9500
30.85
23.00
177.00
9523.00
29.30
170.70
9470.70
Sell
9700
0.70
Sell
9300
1.55
Buy
9600
2.85
Buy
9400
6.20
2.15
97.85
9602.15
4.65
95.35
9395.35
Sell
9700
0.70
Sell
9300
1.55
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
www.angelbroking.com
Technical & Derivatives Report
June 29, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,520
1,549
1,570
1,600
1,621
ADANIPORTS
359
362
366
368
372
AMBUJACEM
234
240
243
249
253
ASIANPAINT
1,082
1,096
1,112
1,126
1,142
AUROPHARMA
650
661
669
679
687
AXISBANK
485
491
496
501
506
BAJAJ-AUTO
2,752
2,765
2,783
2,795
2,814
BANKBARODA
151
153
155
157
159
BPCL
601
609
617
625
633
BHARTIARTL
362
370
376
385
390
INFRATEL
367
372
376
381
385
BOSCHLTD
22,923
23,116
23,333
23,526
23,743
CIPLA
528
532
535
540
543
COALINDIA
243
245
246
247
249
DRREDDY
2,606
2,627
2,646
2,667
2,686
EICHERMOT
26,040
26,591
26,950
27,501
27,860
GAIL
347
352
360
364
372
HCLTECH
822
834
846
858
869
HDFCBANK
1,649
1,658
1,666
1,675
1,684
HDFC
1,601
1,615
1,637
1,651
1,673
HEROMOTOCO
3,636
3,661
3,692
3,717
3,749
HINDALCO
184
187
189
192
193
HINDUNILVR
1,072
1,081
1,093
1,102
1,114
IBULHSGFIN
1,056
1,066
1,077
1,087
1,099
ICICIBANK
286
288
291
293
295
IOC
377
382
391
396
405
INDUSINDBK
1,448
1,470
1,484
1,505
1,520
INFY
914
919
926
931
938
ITC
305
306
309
311
314
KOTAKBANK
959
965
975
981
991
LT
1,670
1,686
1,697
1,712
1,724
LUPIN
1,043
1,053
1,061
1,072
1,080
M&M
1,333
1,343
1,359
1,369
1,385
MARUTI
7,134
7,182
7,253
7,301
7,372
NTPC
156
158
159
161
162
ONGC
155
157
159
161
163
POWERGRID
201
204
207
210
212
RELIANCE
1,367
1,384
1,412
1,428
1,456
SBIN
272
274
276
279
281
SUNPHARMA
534
540
544
550
554
TCS
2,325
2,337
2,348
2,360
2,371
TATAMTRDVR
269
272
275
278
282
TATAMOTORS
437
440
443
446
450
TATAPOWER
80
81
82
82
83
TATASTEEL
504
512
518
526
531
TECHM
375
384
389
398
403
ULTRACEMCO
3,796
3,877
3,922
4,003
4,047
VEDANTA
233
238
241
246
249
WIPRO
252
255
257
260
263
YESBANK
1,379
1,414
1,437
1,472
1,494
ZEEL
474
479
485
490
496
www.angelbroking.com
Technical & Derivatives Report
June 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]
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and Metropolitan Stock Exchange Limited. It is also registered as a Depository Participant with CDSL
and Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a
registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number
INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing
/dealing in securities Market. Angel or its associates/analyst has not received any compensation / managed or co-managed public
offering of securities of the company covered by *Analyst during the past twelve months.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals. Investors are advised to refer the Fundamental and Technical Research Reports available on our website to evaluate the
contrary view, if any.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
www.angelbroking.com