Technical & Derivatives Report
January 30, 2017
Sensex (27882) / Nifty (8641)
Exhibit 1: Nifty Daily Chart
It was a remarkable week for the traders as the Nifty index posted
gains on all the four trading sessions of the truncated week. The
robust market breadth indicates broad market participation with
all the sectoral indices ending the week in positive territory.
Technically, we witnessed a positive crossover of ‘5 EMA’ and
’20 EMA’ on weekly chart, indicating strength in the index. Thus,
the ongoing uptrend in the indices could continue further towards
8737 and 8820 in near term. However, citing the ‘Union Budget
2017-2018’ which is scheduled to be announced on
1st February, there could be increased volatility during the
forthcoming week. Hence, traders are advised to trade with
proper risk management strategies on their trading positions.
During a strong momentum phase in the index, corrective dips
are generally bought into and thus, any correction in the index
due to the volatility would be a buying opportunity. Therefore,
traders should trade with positive bias and avoid creating short
positions in the corrective phases of uptrend. On the lower side,
8530 and 8460 are likely to act as strong support levels for the
Nifty.
Key Levels
Support 1 - 8560
Resistance 1 - 8700
Support 2 - 8530
Resistance 2 - 8737
Nifty Bank Outlook - (19708)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index opened with an upside gap on Friday and
continued to move higher throughout the session. With the help of
a magnificent rally of
4.56 percent in private banking
conglomerate ICICI Bank, the banking index ended the session
with gains of 1.21 percent over its previous close.
The Nifty Bank index had a splendid rallied by around a thousand
points in last week and thus a cool-off move may be there in
upcoming sessions. Technically, we witnessed positive crossover
of ’20 EMA’ and ’89 EMA’ on daily chart, indicating strength in
the index. At current juncture, there is no sign of reversal seen on
charts and the banking index is heading towards 20000 mark.
Hence, traders should refrain shorting at these levels; and use
intraday dips as a buying opportunity. The near term supports for
the Nifty Bank index are placed around 19530 and 19400
whereas resistance is seen in the range of 19925-20000.
Key Levels
Support 1 - 19530
Resistance 1 - 19925
Support 2 - 19400
Resistance 2 - 20000
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Technical & Derivatives Report
January 30, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 6.71%
BankNifty futures open interest has increased by 12.16%
as market closed at 8641.25 levels.
The Nifty February future closed with a premium of
29.85 points against the premium of 12.10 points in last
trading session. The March series closed at a premium of
58.85 points.
The Implied Volatility of at the money options has
increased from 13.89% to 14.63%. At the same time, the
PCR-OI of Nifty has decreased from 1.00 to 0.99 levels.
The total OI of the market is Rs. 2,25,987/- cr. and the
stock futures OI is Rs. 77,697/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, ADANIPOWER, TV18BRDCST,
RCOM and ANDHRABANK.
Views
On Friday, FIIs were net buyers in both cash market
OI Gainers
segment and index futures. They bought equities worth
OI
PRICE
Rs. 212 crores. While in index futures, they were net
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
buyers to the tune of Rs. 586 crores with significant
COLPAL
891100
28.33
883.55
-2.16
amount of rise in open interest, suggesting blend of long
INFY
21810000
27.78
944.95
0.50
and short formation in last trading session.
ADANIENT
16648000
19.67
93.15
15.79
In Index Options segment, FIIs sold worth Rs. 264 crores
ICICIBANK
62500000
18.96
273.65
4.93
with huge rise in open interest. In call options, the overall
PFC
15576000
18.65
136.80
0.51
build-up in options was quite scattered in the range of
NIITTECH
610500
18.31
431.45
-1.55
9000-9400 strikes. On the other hand, in put option,
MCLEODRUSS
4437000
16.27
153.60
-0.78
open interest addition was visible in 8500 and 8600
DCBBANK
4153500
14.23
119.85
0.63
strikes. Highest open interest in current series is placed at
9000 call and 8400 put options.
OI Losers
Last week, Nifty rallied from an important support zone
OI
PRICE
of 8300-8350 levels. We witnessed meaningful long
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
formation in Index Futures which lead January expiry
AJANTPHARM
619600
-6.40
1736.45
0.94
above 8600 mark. FIIs too added significant longs in
TATACHEM
4242000
-6.39
543.35
0.70
Index Futures in recent up move and as a result, their
BHEL
30560000
-6.37
139.70
5.43
Long-Short ratio in Index future segment jumped from
ICIL
3146500
-5.86
187.50
3.53
67% to 82%. They rolled more than 75% of their longs
UNIONBANK
16336000
-5.35
140.00
2.15
which suggests they remain optimistic in near term. At
APOLLOHOSP
634000
-5.32
1235.80
0.80
current juncture, the overall data indicates continuation
IRB
8742500
-4.40
230.35
0.99
in the ongoing momentum, thus, traders are advised to
HEXAWARE
4491000
-3.92
201.65
2.23
trade with positive bias.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ADANIENT
79.53
NIFTY
0.99
0.78
ASHOKLEY
44.22
BANKNIFTY
1.06
0.75
BHEL
39.05
ICICIBANK
0.59
0.40
ICICIBANK
34.26
RELIANCE
0.49
0.38
PTC
42.13
INFY
0.47
0.35
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Technical & Derivatives Report
January 30, 2017
FII Statistics for January 27, 2017
Turnover on January 27, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2139.20
1553.16
586.03
230869
15393.21
13.02
217427
15336.47
-57.16
FUTURES
FUTURES
INDEX
INDEX
27580.14
27844.51
(264.37)
736106
48347.76
12.32
2638739
187896.69
-71.89
OPTIONS
OPTIONS
STOCK
9147.06
9076.46
70.59
936528
61245.02
4.48
STOCK
FUTURES
663587
45586.59
-59.79
FUTURES
STOCK
STOCK
3923.49
3959.37
(35.88)
31931
2184.94
1505.38
328260
23462.75
-50.66
OPTIONS
OPTIONS
TOTAL
42789.88
42433.50
356.38
1935434
127170.92
10.09
TOTAL
3848013
272282.49
-68.53
Nifty Spot = 8641.25
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8700
124.85
Buy
8600
111.20
43.75
56.25
8743.75
32.20
67.80
8567.80
Sell
8800
81.10
Sell
8500
79.00
Buy
8700
124.85
Buy
8600
111.20
75.65
124.35
8775.65
55.80
144.20
8544.20
Sell
8900
49.20
Sell
8400
55.40
Buy
8800
81.10
Buy
8500
79.00
31.90
68.10
8831.90
23.60
76.40
8476.40
Sell
8900
49.20
Sell
8400
55.40
Note: Above mentioned Bullish or Bearish Spreads in Nifty (February Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
January 30, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,431
1,401
1,416
1,428
1,443
ADANIPORTS
304
298
301
305
308
AMBUJACEM
233
228
230
232
234
ASIANPAINT
970
949
959
974
985
AUROPHARMA
714
702
708
713
719
AXISBANK
473
459
466
472
479
BAJAJ-AUTO
2,854
2,801
2,828
2,856
2,883
BANKBARODA
168
160
164
166
171
BHEL
140
129
134
138
144
BPCL
705
672
688
708
724
BHARTIARTL
324
303
313
321
331
INFRATEL
354
350
352
354
356
BOSCH
22,460
21,832
22,146
22,548
22,862
CIPLA
580
572
576
584
588
COALINDIA
318
314
316
318
320
DRREDDY
2,995
2,937
2,966
2,989
3,017
EICHERMOT
23,483
22,895
23,189
23,420
23,714
GAIL
482
471
477
485
491
GRASIM
931
917
924
932
939
HCLTECH
844
836
840
845
849
HDFCBANK
1,292
1,281
1,287
1,293
1,299
HDFC
1,374
1,311
1,342
1,361
1,392
HEROMOTOCO
3,216
3,161
3,189
3,228
3,256
HINDALCO
191
184
188
191
194
HINDUNILVR
856
840
848
862
870
ICICIBANK
272
256
264
269
277
IDEA
78
75
76
77
79
INDUSINDBK
1,253
1,240
1,246
1,258
1,265
INFY
942
884
913
930
959
ITC
257
249
253
260
264
KOTAKBANK
785
768
776
789
798
LT
1,440
1,411
1,425
1,448
1,462
LUPIN
1,492
1,469
1,481
1,500
1,511
M&M
1,252
1,229
1,240
1,255
1,267
MARUTI
5,916
5,787
5,851
5,890
5,954
NTPC
178
169
173
176
180
ONGC
205
200
202
205
207
POWERGRID
205
200
202
205
207
RELIANCE
1,025
1,014
1,020
1,024
1,030
SBIN
266
256
261
265
270
SUNPHARMA
641
630
635
639
644
TCS
2,358
2,327
2,342
2,361
2,376
TATAMTRDVR
342
336
339
342
345
TATAMOTORS
542
532
537
545
549
TATAPOWER
81
79
80
81
82
TATASTEEL
469
458
464
469
474
TECHM
467
460
463
467
471
ULTRACEMCO
3,686
3,614
3,650
3,707
3,743
WIPRO
466
458
462
468
471
YESBANK
1,399
1,372
1,385
1,403
1,417
ZEEL
497
471
484
497
510
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Technical & Derivatives Report
January 30, 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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