Technical & Derivatives Report
December 30, 2016
Sensex (26366) / Nifty (8104)
Exhibit 1: Nifty Daily Chart
Yesterday, the Nifty opened on a flat note and traded in a narrow
range for first half of the session. However, a strong surge during
the penultimate hour pushes the index higher to end the
December derivatives series tad above the 8100 mark.
As indicated in our yesterday’s outlook, the index has taken
support in the range of 8022 - 8000 and rebounded piercingly.
Yesterday, the Nifty close tab above the ‘200 SMA’ on hourly
chart and we expect this up move to continue in upcoming
sessions too. At current juncture, we advise traders to remain
optimistic on market and look for buying opportunities on
declines. Going forward, immediate support for the index is
placed at 8050 - 8020 levels; whereas, resistance is placed at
8160 - 8200.
Key Levels
Support 1 - 8050
Resistance 1 - 8160
Support 2 - 8020
Resistance 2 - 8200
Nifty Bank Outlook - (18033)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded in a narrow range till noon and
rallied higher in last couple of hours. The banking index ended
the day with gains of 0.88% over its previous session's close.
The weekly '89EMA' around 17600 has clearly played the role of
a crucial support as the index has shown a pullback from that
support. Although the near term resistance for the index is placed
around 18050, the positive market breadth in last couple of
sessions indicates higher probability of continuation of the short-
term positive momentum. Hence, traders are advised to trade
with positive bias with near term perspective. The intraday
supports for the Nifty Bank index are placed around 17885 and
17830 whereas resistances are seen around 18165 and 18260.
Key Levels
Support 1 - 17885
Resistance 1 - 18165
Support 2 - 17830
Resistance 2 - 18260
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Technical & Derivatives Report
December 30, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 29.41%
BankNifty futures open interest has decreased by 24.29%
as market closed at 8103.60 levels.
The Nifty January future closed with a premium of 13.70
points against the premium of 21.40 points in last
trading session. The February series closed at a premium
of 35.20 points.
The Implied Volatility of at the money options has
decreased from 14.86 % to 13.76%. At the same time,
the PCR-OI of Nifty has increased from 0.96 to 1.00
levels.
The total OI of the market is Rs. 1,87,442/- cr. and the
stock futures OI is Rs. 64,521/- cr.
Few of the liquid counters where we have seen high
cost of carry are GMRINFRA, SOUTHBANK, IBREALEST,
GRANULES and TV18BRDCST.
Views
OI Gainers
Yesterday, FIIs sold in cash market segment; they were
OI
PRICE
net sellers of Rs. 662 crores. While, in index futures, they
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
were net buyer to the tune of Rs. 703 crores with
ABIRLANUVO
3897200
5.03
1246.05
4.47
significant fall in open interest, due to expiry.
DIVISLAB
3030000
4.40
792.60
-4.04
On Index Options front, FIIs sold of worth Rs. 480 crores
-
-
-
-
-
with fall in OI. In call options, 8000 and 8200 strike
-
-
-
-
-
prices added some fresh positions. On the other hand in
-
-
-
-
-
put options, good amount of build-up was seen in 7900
-
-
-
-
-
and
8000 strikes and we believe these are short
-
-
-
-
-
positions. Maximum OI in January series is placed at
-
-
-
-
-
8200 call and 8000 put options.
December series rollovers are above its averages both in
OI Losers
terms of percentage as well as open interest. In last
OI
PRICE
couple of days, we observed good amount of build-up in
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Index Futures, which was blend of both long and short
PCJEWELLER
619500
-55.64
368.45
2.42
positions. However, the quantum of shorts formed was
NHPC
29673000
-43.09
26.30
1.15
comparatively more than the long positions. FIIs
BANKBARODA
33708500
-38.45
151.60
1.17
continued their selling streak in cash market segment.
GAIL
5254500
-37.13
423.45
-0.53
While in Index Futures, most of the short positions
WIPRO
4978800
-36.85
474.00
0.69
formed by the stronger hands during the correction from
SOUTHBANK
41610000
-36.67
19.55
1.82
8300 levels have been lightened up. We believe Nifty
RECLTD
22812000
-34.67
121.20
1.21
has limited downside; thus, dips in market shall be a
COALINDIA
9608400
-33.43
296.40
0.56
good buying opportunity.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
IFCI
88.21
NIFTY
1.00
0.86
IDFC
47.61
BANKNIFTY
1.14
1.04
ABIRLANUVO
37.51
SUNPHARMA
0.65
0.79
BPCL
33.12
SBIN
0.57
0.52
GRASIM
35.15
INFY
1.10
0.84
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Technical & Derivatives Report
December 30, 2016
FII Statistics for December 29, 2016
Turnover on December 29, 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3945.71
3242.48
703.23
153444
9592.85
(43.16)
410011
26312.00
0.32
FUTURES
FUTURES
INDEX
INDEX
38587.71
39067.33
(479.62)
661028
40475.59
(45.26)
8349323
528308.45
-0.85
OPTIONS
OPTIONS
STOCK
16703.34
16232.04
471.31
828751
49513.18
(15.50)
STOCK
FUTURES
1188595
73019.97
0.80
FUTURES
STOCK
STOCK
2181.20
2122.00
59.20
2515
151.78
(97.36)
376833
25915.73
1.48
OPTIONS
OPTIONS
TOTAL
61417.96
60663.84
754.12
1645738
99733.40
(35.55)
TOTAL
10324762
653556.15
-0.53
Nifty Spot = 8103.60
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8200
78.50
Buy
8000
80.45
34.85
65.15
8234.85
25.00
75.00
7975.00
Sell
8300
43.65
Sell
7900
55.45
Buy
8200
78.50
Buy
8000
80.45
56.60
143.40
8256.60
42.55
157.45
7957.45
Sell
8400
21.90
Sell
7800
37.90
Buy
8300
43.65
Buy
7900
55.45
21.75
78.25
8321.75
17.55
82.45
7882.45
Sell
8400
21.90
Sell
7800
37.90
Note: Above mentioned Bullish or Bearish Spreads in Nifty (January Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
December 30, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1 285
1 297
1 306
1 319
1 327
ADANIPORTS
260
262
265
268
271
AMBUJACEM
199
201
203
206
207
ASIANPAINT
871
876
881
886
891
AUROPHARMA
638
643
649
654
660
AXISBANK
434
439
443
448
451
BAJAJ-AUTO
2 587
2 619
2 643
2 675
2 699
BANKBARODA
147
149
151
153
155
BHEL
117
118
119
120
121
BPCL
602
621
633
652
664
BHARTIARTL
295
299
302
306
309
INFRATEL
336
339
341
344
347
BOSCH
20 002
20 326
20 522
20 845
21 041
CIPLA
559
562
566
568
572
COALINDIA
289
294
298
303
307
DRREDDY
3 023
3 045
3 063
3 085
3 104
EICHERMOT
20 307
20 899
21 242
21 834
22 177
GAIL
413
419
425
431
437
GRASIM
798
821
835
857
871
HCLTECH
797
808
817
828
836
HDFCBANK
1 172
1 188
1 198
1 215
1 225
HDFC
1 218
1 238
1 250
1 269
1 281
HEROMOTOCO
2 942
2 989
3 021
3 069
3 101
HINDALCO
151
153
154
156
157
HINDUNILVR
800
809
816
825
831
ICICIBANK
248
250
251
253
254
IDEA
70
71
72
74
75
INDUSINDBK
1 062
1 084
1 096
1 118
1 131
INFY
976
984
996
1 004
1 016
ITC
230
233
235
238
240
KOTAKBANK
706
710
712
716
719
LT
1 318
1 328
1 341
1 352
1 365
LUPIN
1 444
1 456
1 463
1 475
1 482
M&M
1 163
1 169
1 174
1 180
1 185
MARUTI
5 162
5 238
5 294
5 370
5 425
NTPC
159
161
163
165
167
ONGC
188
190
192
194
196
POWERGRID
178
179
180
181
183
RELIANCE
1 042
1 054
1 061
1 073
1 081
SBIN
244
246
247
249
251
SUNPHARMA
604
609
617
622
630
TCS
2 281
2 317
2 338
2 373
2 395
TATAMTRDVR
284
290
294
300
304
TATAMOTORS
454
463
468
476
481
TATAPOWER
72
74
75
76
77
TATASTEEL
385
388
391
395
398
TECHM
464
473
479
488
494
ULTRACEMCO
3 096
3 156
3 198
3 258
3 300
WIPRO
458
465
471
478
484
YESBANK
1 087
1 118
1 136
1 166
1 184
ZEEL
432
440
445
453
458
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Technical & Derivatives Report
December 30, 2016
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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