Technical & Derivatives Report
May 30, 2017
Sensex (31109) / Nifty (9605)
Exhibit 1: Nifty Weekly Chart
Trading for the week began slightly lower as indicated by the pre-
opening session. Subsequently, we witnessed a decent recovery in
initial hours to reclaim the 9600 mark. However, we witnessed a
hint of profit booking at higher levels, which resulted into higher
volatility in the market. Eventually, the Nifty ended the session on
a flat note.
Now, for few days, we are likely to witness such volatile sessions
in our market as the market is now entering a strong resistance
zone of 9620 - 9720 levels. We now expect the index to slip into
a consolidation mode and hence, traders are advised to keep
booking profits in the index in the mentioned resistance zone of
9620 - 9720. In this consolidation phase, stock specific action is
likely to continue which we believe would offer better trading
opportunities. At this juncture, traders should look to use intraday
dips as a buying opportunity around the support levels and look
to lighten up near the resistance zone. Going ahead, volatility is
likely to enhance and hence, one needs to be very selective while
entering into any kind of position.
Key Levels
Support 1 - 9550
Resistance 1 - 9620
Support 2 - 9520
Resistance 2 - 9670
Nifty Bank Outlook - (23183)
Exhibit 2: Nifty Bank Weekly Chart
Yesterday, the Nifty Bank index opened marginally higher and
rallied in the first hour of the session to register a new high of
23646. However, the index then corrected during the session and
ended the day with a loss of 0.77 percent over its previous
session's close.
Although we didn't witness any significant momentum in the index
yesterday, some of the midcap banking stocks corrected notably
which led to the overall negative market breadth in the banking
sector. This divergence certainly does not bode well for the bulls
and hence, traders should prefer to remain light on positions.
However, so far, the index has not formed any reversal pattern
owing to the strength seen in selective large cap stocks. Hence,
such stock specific move could continue wherein traders should
follow strict risk management on their trading positions. The
intraday supports for the Nifty Bank index are placed around
23090 and 22975 whereas resistances are seen around 23480
and 23550.
Key Levels
Support 1 - 23090
Resistance 1 - 23480
Support 2 - 22975
Resistance 2 - 23550
www.angelbroking.com
Technical & Derivatives Report
May 30, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 8.16%
BankNifty futures open interest has decreased by 1.16%
as market closed at 9604.90 levels.
The Nifty June future closed with a premium of 0.80
points against the discount of 19.30 points in last trading
session. The July series closed at a premium of 16.00
point.
The Implied Volatility of at the money options has
increased from 8.20% to 9.67%. At the same time, the
PCR-OI of Nifty has increased from 1.10 to 1.13 levels.
The total OI of the market is Rs. 2,74,403/- cr. and the
stock futures OI is Rs. 94,149/- cr.
Few of the liquid counters where we have seen high cost
of carry are SINTEX, BALRAMCHIN, GMRINFRA, SUNTV
and DCBBANK.
Views
OI Gainers
Yesterday, FIIs were net sellers in the cash market
OI
PRICE
SCRIP
OI
PRICE
segment worth Rs. 710 crores. While, they bought index
CHG. (%)
CHG. (%)
NATIONALUM
4064000
70.47
68.95
0.29
futures to the tune of Rs. 1208 crores with good amount
ESCORTS
1888700
32.18
675.35
4.58
of rise in open interest, indicating formation of long
positions in previous trading session.
SUNPHARMA
36563600
31.48
505.55
-11.54
In index options front, they bought of worth Rs. 1032
RAMCOCEM
80800
26.25
684.20
-0.23
crores with good amount of rise in open interest. In call
JUBLFOOD
2152500
22.65
938.75
-5.11
option,
9700-10000 strikes added some positions,
DLF
39755000
21.82
176.95
-9.44
followed by unwinding in 9500 and 9600 call options. In
TORNTPHARM
239600
21.01
1218.55
0.58
put options, huge open interest additions were seen
TECHM
14198800
20.29
380.40
-11.83
9500 and 9600 strikes. Highest open interest in call
option has shifted to 9700 from 9600 and of put option
OI Losers
remains intact at 9400.
OI
PRICE
SCRIP
OI
PRICE
Stronger hands continued their buying streak in Index
CHG. (%)
CHG. (%)
Futures as well as Index Call Options. Although, some
IGL
1533400
-11.94
1023.35
0.00
shorts were formed in Stock Futures. At current juncture,
APOLLOTYRE
9504000
-10.66
223.30
-3.23
their Index Futures ‘Long/Short Ratio’ is at
85%,
AJANTPHARM
383600
-9.70
1530.60
-4.52
indicating they are still optimistic on our market. Thus,
MGL
342600
-6.39
973.60
1.02
considering the above data, we maintain our positive
L&TFH
17014500
-5.07
127.55
-3.08
outlook on market and would advise traders avoiding
CADILAHC
2460800
-5.06
457.95
2.88
any short positions unless we see any signs of reversal.
RELIANCE
16267000
-4.74
1353.50
1.11
PAGEIND
22650
-4.43
14341.75
-0.94
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TECHM
64.13
NIFTY
1.13
0.90
RCOM
127.29
BANKNIFTY
1.02
0.88
SUNPHARMA
65.84
SUNPHARMA
0.41
0.50
CGPOWER
94.74
RELIANCE
0.64
0.48
PCJEWELLER
71.90
SBIN
0.61
0.60
www.angelbroking.com
Technical & Derivatives Report
May 30, 2017
FII Statistics for May 29, 2017
Turnover on May 29, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2994.34
1786.02
1208.32
258270
19224.11
10.86
224732
17727.76
10.28
FUTURES
FUTURES
INDEX
INDEX
53717.43
52685.19
1032.24
736758
54106.13
2.17
3940058
328043.41
26.10
OPTIONS
OPTIONS
STOCK
8836.82
9135.58
(298.75)
1060066
68278.63
1.71
STOCK
FUTURES
749392
49845.15
-7.41
FUTURES
STOCK
STOCK
6231.90
6189.95
41.95
53019
3644.20
39.63
441970
30626.57
-0.95
OPTIONS
OPTIONS
TOTAL
71780.49
69796.74
1983.75
2108113
145253.07
3.63
TOTAL
5356152
426242.89
18.08
Nifty Spot = 9604.90
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9600
112.95
Buy
9600
110.95
47.30
52.70
9647.30
35.65
64.35
9564.35
Sell
9700
65.65
Sell
9500
75.30
Buy
9600
112.95
Buy
9600
110.95
79.25
120.75
9679.25
59.55
140.45
9540.45
Sell
9800
33.70
Sell
9400
51.40
Buy
9700
65.65
Buy
9500
75.30
31.95
68.05
9731.95
23.90
76.10
9476.10
Sell
9800
33.70
Sell
9400
51.40
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
May 30, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,595
1,610
1,632
1,646
1,669
ADANIPORTS
311
319
334
342
357
AMBUJACEM
236
238
241
243
246
ASIANPAINT
1,116
1,131
1,141
1,156
1,166
AUROPHARMA
479
495
520
537
561
AXISBANK
495
501
508
514
521
BAJAJ-AUTO
2,762
2,800
2,826
2,863
2,889
BANKBARODA
168
171
176
179
184
BPCL
735
745
757
767
779
BHARTIARTL
362
368
373
379
384
INFRATEL
362
371
376
385
390
BOSCHLTD
23,200
23,387
23,594
23,781
23,988
CIPLA
482
494
501
512
519
COALINDIA
263
265
268
270
273
DRREDDY
2,339
2,382
2,424
2,467
2,508
EICHERMOT
27,765
27,968
28,232
28,435
28,699
GAIL
390
396
401
406
411
HCLTECH
842
853
863
874
883
HDFCBANK
1,602
1,617
1,633
1,647
1,663
HDFC
1,527
1,563
1,582
1,618
1,637
HEROMOTOCO
3,557
3,611
3,645
3,699
3,733
HINDALCO
193
197
201
205
209
HINDUNILVR
1,024
1,048
1,063
1,087
1,101
IBULHSGFIN
1,076
1,092
1,102
1,118
1,128
ICICIBANK
310
312
316
319
323
IOC
406
413
423
429
440
INDUSINDBK
1,458
1,475
1,490
1,506
1,521
INFY
965
975
986
996
1,007
ITC
297
306
313
323
329
KOTAKBANK
952
960
965
974
979
LT
1,742
1,762
1,786
1,806
1,830
LUPIN
1,058
1,084
1,106
1,132
1,155
M&M
1,306
1,333
1,354
1,381
1,403
MARUTI
6,947
7,041
7,119
7,213
7,292
NTPC
151
154
156
158
160
ONGC
169
172
175
178
181
POWERGRID
200
205
208
212
215
RELIANCE
1,323
1,340
1,353
1,370
1,383
SBIN
279
281
286
289
294
SUNPHARMA
472
487
508
524
544
TCS
2,545
2,559
2,578
2,592
2,610
TATAMTRDVR
280
283
285
287
289
TATAMOTORS
466
474
479
487
493
TATAPOWER
79
80
81
82
82
TATASTEEL
497
502
512
517
526
TECHM
342
361
375
394
409
ULTRACEMCO
3,959
4,010
4,096
4,147
4,233
VEDANTA
237
241
244
248
251
WIPRO
526
530
535
539
544
YESBANK
1,395
1,416
1,455
1,477
1,516
ZEEL
509
515
521
527
532
www.angelbroking.com
Technical & Derivatives Report
May 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]
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