Technical & Derivatives Report
August 29, 2017
Sensex (31751) / Nifty (9913)
Exhibit 1: Nifty Hourly Chart
Trading for the week began on a positive note on hopes of
cooling down some tensions in Doklam. Subsequently, we saw
range bound trade with a positive bias throughout the
remaining part of the day. Eventually, the Nifty managed to
reclaim the 9900 mark on a closing basis
Clearly, the interest in trader’s community has shifted back to
the individual stocks and hence, we saw decent stock specific
moves during the session despite index oscillating in a very
small range. This is what we had stated in our previous article
and we continue to reiterate the same. We expect the index to
consolidate for a while; but, within this, we are likely to witness
some selling pressure at higher levels. For the coming session,
9930 - 9948 would be seen as resistance levels; whereas,
9880 - 9850 are likely to act as intraday supports for the
index.
Key Levels
Support 1 - 9880
Resistance 1 - 9930
Support 2 - 9850
Resistance 2 - 9948
Nifty Bank Outlook - (24377)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index consolidated in a narrow range yesterday
and ended the session with gains of 0.42 percent over its
previous session’s close.
As mentioned in our earlier report, the Nifty Bank index has
been consolidating in a broad range of 24530 - 23820 since
last three weeks. We expect this consolidation phase to
continue in near term. The higher end of the range is expected
to act as a resistance for short-term and hence, traders should
avoid creating fresh longs in the index. Meanwhile, intraday
traders can approach stock specific approach and trade with
proper risk management. The intraday supports for the Nifty
bank index are placed around 24200 and 24120 whereas
resistances are seen around 24435 and 24510.
Key Levels
Support 1 - 24200
Resistance 1 - 24435
Support 2 - 24120
Resistance 2 - 24510
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Technical & Derivatives Report
August 29, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.96%
BankNifty futures open interest has decreased by 1.52%
as market closed at 9912.80 levels.
The Nifty August future closed with a premium of 4.25
points against the premium of 16.20 points in last
trading session. The September series closed at a
premium of 38.00 points.
The Implied Volatility of at the money options has
increased from 9.85 to 11.38. At the same time, the
PCR-OI of Nifty is unchanged at 1.22.
Few of the liquid counters where we have seen high cost
of carry are IBREALEST, SINTEX, TORNTPHARM,
NATIONALUM and SOUTHBANK.
Views
FIIs were net sellers in both cash market segment and
index futures. They sold equities to the tune of Rs. 125
OI Gainers
crores. While, in index futures they were net sellers worth
OI
PRICE
Rs. 536 crores with marginal change in open interest,
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
indicating blend of long unwinding and short formation
NESTLEIND
127700
39.87
7066.95
7.06
in previous trading session.
VOLTAS
3572000
17.97
540.05
3.31
In index options segment, they were net buyers of
L&TFH
17860500
16.63
188.05
7.33
Rs. 2446 crores with marginal change in open interest.
RAMCOCEM
711200
16.06
676.15
1.46
In call options, 9900, 9950 and 10100 strikes added
RELCAPITAL
12354000
13.44
790.50
1.72
good amount of positions, followed by unwinding in
NHPC
25650000
11.37
29.30
-1.84
9800 call option. On the flip side, decent amount of
IFCI
89760000
11.32
23.90
0.84
open interest addition was seen in 9800, 9850 and
BEML
2415000
9.70
1788.60
-0.42
9900 put options along with unwinding in 9650 and
9700 strikes of put option. Maximum concentration of
OI Losers
open interest remains intact in 10000 call and 9800 put
OI
PRICE
option.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Since past few trading sessions we witnessed Nifty
CADILAHC
2731200
-7.38
501.45
1.49
showing strength, however we can hardly see any
HEXAWARE
2184000
-7.26
274.45
-0.20
relevant buying interest in this upmove. FIIs continued
GODREJCP
1855200
-7.20
939.90
2.31
selling in equities and mixed activity was seen in f&o
DIVISLAB
7368000
-5.86
696.20
3.39
segment. At present, 9950-10000 is a strong resistance
VGUARD
2721000
-4.43
187.60
2.91
for index and looking at the overall data, we don't expect
PIDILITIND
1020000
-4.14
837.95
0.79
Nifty surpassing these levels.
MINDTREE
4198800
-4.03
478.05
1.84
PVR
712000
-3.89
1279.00
0.95
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
NESTLEIND
34.89
NIFTY
1.22
1.17
CESC
43.65
BANKNIFTY
1.08
0.99
L&TFH
52.46
INFY
0.46
0.49
DABUR
30.20
RELIANCE
0.44
0.40
ADANIENT
69.82
SBIN
0.46
0.52
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Technical & Derivatives Report
August 29, 2017
FII Statistics for August 28, 2017
Turnover on August 28, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3236.44
3772.74
(536.30)
341407
25730.43
(0.32)
211516
17188.61
29.73
FUTURES
FUTURES
INDEX
INDEX
42990.99
40545.08
2445.91
1234724
94686.58
(0.56)
4363126
358636.24
-60.70
OPTIONS
OPTIONS
STOCK
13485.71
12787.54
698.18
823038
56873.39
(1.10)
STOCK
FUTURES
954413
67406.66
34.67
FUTURES
STOCK
STOCK
6002.91
5731.08
271.83
166148
11598.01
(3.39)
542587
39230.64
5.12
OPTIONS
OPTIONS
Total
65716.05
62836.43
2879.62
2565317
188888.41
(0.89)
TOTAL
6071642
482462.15
-52.38
Nifty Spot = 9912.80
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9900
51.80
Buy
9900
34.35
37.50
62.50
9937.50
21.45
78.55
9878.55
Sell
10000
14.30
Sell
9800
12.90
Buy
9900
51.80
Buy
9900
34.35
48.65
151.35
9948.65
29.10
170.90
9870.90
Sell
10100
3.15
Sell
9700
5.25
Buy
10000
14.30
Buy
9800
12.90
11.15
88.85
10011.15
7.65
92.35
9792.35
Sell
10100
3.15
Sell
9700
5.25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
August 29, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,760
1,788
1,810
1,838
1,860
ADANIPORTS
377
382
386
391
395
AMBUJACEM
271
275
279
283
286
ASIANPAINT
1,114
1,135
1,147
1,168
1,181
AUROPHARMA
726
735
743
751
759
AXISBANK
503
507
510
514
517
BAJAJ-AUTO
2,684
2,713
2,733
2,762
2,782
BANKBARODA
142
143
144
146
147
BPCL
497
502
506
512
515
BHARTIARTL
426
430
434
438
442
INFRATEL
380
383
386
389
392
BOSCHLTD
21,148
21,496
21,747
22,095
22,346
CIPLA
565
569
575
580
586
COALINDIA
240
242
243
245
246
DRREDDY
1,993
2,021
2,055
2,084
2,118
EICHERMOT
30,363
30,826
31,363
31,826
32,363
GAIL
378
380
384
386
390
HCLTECH
850
859
867
876
883
HDFCBANK
1,751
1,757
1,764
1,769
1,777
HDFC
1,741
1,754
1,769
1,782
1,797
HEROMOTOCO
3,775
3,867
3,931
4,023
4,086
HINDALCO
230
232
234
235
237
HINDUNILVR
1,170
1,185
1,194
1,209
1,218
IBULHSGFIN
1,172
1,197
1,218
1,243
1,264
ICICIBANK
296
299
300
303
305
IOC
423
432
437
446
451
INDUSINDBK
1,645
1,653
1,661
1,669
1,678
INFY
928
935
944
951
960
ITC
278
280
282
284
285
KOTAKBANK
967
971
977
982
988
LT
1,115
1,127
1,141
1,153
1,167
LUPIN
973
982
995
1,004
1,017
M&M
1,359
1,366
1,373
1,380
1,387
MARUTI
7,518
7,548
7,599
7,629
7,680
NTPC
168
171
172
175
177
ONGC
159
160
161
161
162
POWERGRID
214
216
218
220
222
RELIANCE
1,549
1,558
1,570
1,579
1,591
SBIN
277
278
280
281
283
SUNPHARMA
475
484
492
501
509
TCS
2,440
2,464
2,485
2,508
2,529
TATAMTRDVR
222
223
226
228
231
TATAMOTORS
373
376
382
385
391
TATAPOWER
78
78
79
80
80
TATASTEEL
626
631
637
642
648
TECHM
421
424
430
434
440
ULTRACEMCO
3,924
3,954
3,975
4,005
4,025
VEDANTA
295
298
300
303
305
WIPRO
289
290
291
292
293
YESBANK
1,695
1,724
1,741
1,770
1,787
ZEEL
506
512
516
522
526
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Technical & Derivatives Report
August 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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