Technical & Derivatives Report
January 31, 2017
Sensex (27850) / Nifty (8633)
Exhibit 1: Nifty Daily Chart
A stupendous rally in the week gone by was followed by a soft
opening in our market despite not so favorable global cues.
Subsequently, the index remained in a narrow range throughout
the remaining part of the session to conclude with negligible
losses.
Yesterday’s lethargic move was quite evident after witnessing a
steep rally of nearly 350 points on Nifty in a span of merely 4
sessions. Importantly, a big event at the domestic front i.e. Union
Budget is lined up on Wednesday and hence, traders chose to
stay quite two days ahead of it. We would stick to recent optimistic
stance on the market and interpret this just as a consolidation or
a breather. Traders are advised to look for buying opportunities
on dips and focus more on stock specific actions. One should
now keep a note of it, a low hanging fruit is already gone and
hence, one should be very selective in their trades with a proper
exit strategy. The immediate support for the Nifty index is placed
around 8600 - 8560; whereas the index is expected to rally up to
8678 - 8737 in the short term.
Key Levels
Support 1 - 8600
Resistance 1 - 8678
Support 2 - 8560
Resistance 2 - 8737
Nifty Bank Outlook - (19585)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded in a narrow range yesterday and
corrected marginally to end the session with loss of 0.62 percent.
Post a significant run up in last couple of weeks, the market
participants seem to be keenly awaiting for the 'Budget Day'
ahead on Wednesday. Thus, the indices traded in a narrow range
yesterday, and we could witness another range-bound session
today. However, the broader trend for the Nifty Bank index
continues to be positive and thus, traders should focus on stock
specific moves. Any correction could be a good stock-picking
opportunity from short to medium term perspective. The near
term supports for the Nifty Bank index are placed around 19405
and 19275 whereas resistances are seen in the range of 19850-
19900.
Key Levels
Support 1 - 19405
Resistance 1 - 19850
Support 2 - 19275
Resistance 2 - 19900
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Technical & Derivatives Report
January 31, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.88%
BankNifty futures open interest has decreased by 3.28%
as market closed at 8632.75 levels.
The Nifty February future closed with a premium of
22.60 points against the premium of 29.85 points in last
trading session. The March series closed at a premium of
50.05 points.
The Implied Volatility of at the money options has
increased from 14.63% to 15.68%. At the same time, the
PCR-OI of Nifty has decreased from 0.99 to 0.97 levels.
The total OI of the market is Rs. 2,39,905/- cr. and the
stock futures OI is Rs. 78,107/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, JPASSOCIAT, CESC,
SOUTHBANK and KSCL.
Views
OI Gainers
Yesterday, FIIs were net buyers in cash market segment
OI
PRICE
SCRIP
OI
PRICE
worth Rs. 607 crores. While in index futures, they were
CHG. (%)
CHG. (%)
net sellers to the tune of Rs. 369 crores with decent
CUMMINSIND
588600
18.77
854.15
0.59
amount of rise in open interest, suggesting some short
INFRATEL
6740800
18.48
330.05
-7.35
formation in last trading session.
INFY
24481500
12.25
951.00
0.64
In Index Options segment, FIIs sold worth Rs. 137 crores
SYNDIBANK
17019000
11.43
69.55
1.38
with huge rise in open interest. In call options, we
BEL
2265750
11.25
1590.90
3.11
witnessed out-the-money strikes,
9000-9200 adding
TECHM
9677800
9.58
474.40
0.91
good amount of buildup. Some open interest addition
MRF
33675
9.09
52091.20
-2.69
was also visible in 8800 and 8900 call options. On the
PTC
16704000
8.81
87.00
-2.08
other hand, in put option, decent amount of build-up
was visible in 8500-8600 and 8300 strikes. Highest
OI Losers
open interest in current series remains intact at 9000 call
OI
PRICE
SCRIP
OI
PRICE
and 8400 put options.
CHG. (%)
CHG. (%)
After quite some time we witness selling figure in Index
IDEA
96656000
-11.61
97.00
26.55
Futures from FIIs desk. However, the quantum of selling
ADANIENT
15176000
-8.84
92.60
-0.59
is not very significant. We believe longs formed in last
BANKBARODA
30100000
-7.51
167.65
-0.45
couple of weeks are still intact. Unless we don’t see any
KOTAKBANK
8001600
-6.91
776.05
-1.32
relevant follow-up selling by stronger hands, we continue
MOTHERSUMI
10507500
-6.77
344.20
-0.58
to remain optimistic in near term. Thus, traders are
PIDILITIND
1218000
-6.38
680.75
0.58
suggested to avoid shorting and trade with a positive
AMARAJABAT
574200
-5.53
918.70
1.58
bias.
IGL
1475100
-5.43
964.05
-0.49
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
IDEA
117.66
NIFTY
0.97
0.80
RCOM
63.68
BANKNIFTY
0.92
0.72
INFRATEL
45.01
ICICIBANK
0.54
0.54
BHARTIARTL
42.96
INFY
0.47
0.45
MCLEODRUSS
33.74
RELIANCE
0.51
0.40
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Technical & Derivatives Report
January 31, 2017
FII Statistics for January 30, 2017
Turnover on January 30, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1614.47
1983.35
(368.88)
240534
15977.46
4.19
155544
10934.53
-28.70
FUTURES
FUTURES
INDEX
INDEX
23960.03
24096.96
(136.92)
854261
56159.80
16.05
1900076
135040.43
-28.13
OPTIONS
OPTIONS
STOCK
7662.49
7146.64
515.85
946538
62078.17
1.07
STOCK
FUTURES
607304
40647.24
-10.84
FUTURES
STOCK
STOCK
3449.76
3321.23
128.53
42364
2908.09
32.67
313190
21399.11
-8.80
OPTIONS
OPTIONS
TOTAL
36686.75
36548.17
138.58
2083697
137123.52
7.66
TOTAL
2976114
208021.32
-23.60
Nifty Spot = 8632.75
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8700
117.40
Buy
8600
119.30
43.30
56.70
8743.30
33.25
66.75
8566.75
Sell
8800
74.10
Sell
8500
86.05
Buy
8700
117.40
Buy
8600
119.30
74.25
125.75
8774.25
58.50
141.50
8541.50
Sell
8900
43.15
Sell
8400
60.80
Buy
8800
74.10
Buy
8500
86.05
30.95
69.05
8830.95
25.25
74.75
8474.75
Sell
8900
43.15
Sell
8400
60.80
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 31, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,399
1,414
1,427
1,442
1,455
ADANIPORTS
299
301
303
305
308
AMBUJACEM
225
227
230
232
235
ASIANPAINT
956
964
972
980
988
AUROPHARMA
680
687
701
709
722
AXISBANK
467
470
473
475
479
BAJAJ-AUTO
2,785
2,805
2,829
2,848
2,872
BANKBARODA
163
165
168
170
173
BHEL
136
137
138
139
141
BPCL
689
697
702
710
716
BHARTIARTL
298
322
346
370
394
INFRATEL
308
318
337
347
366
BOSCH
21,923
22,089
22,267
22,433
22,611
CIPLA
574
578
581
585
589
COALINDIA
311
313
315
317
319
DRREDDY
2,955
2,986
3,015
3,046
3,075
EICHERMOT
22,738
22,986
23,349
23,597
23,959
GAIL
477
480
483
486
489
GRASIM
899
935
970
1,005
1,041
HCLTECH
823
831
837
846
851
HDFCBANK
1,274
1,279
1,286
1,292
1,299
HDFC
1,351
1,361
1,370
1,381
1,390
HEROMOTOCO
3,130
3,162
3,189
3,222
3,248
HINDALCO
183
187
191
196
200
HINDUNILVR
844
849
856
861
868
ICICIBANK
266
268
272
274
278
IDEA
71
85
93
106
114
INDUSINDBK
1,220
1,230
1,243
1,253
1,267
INFY
921
935
943
958
966
ITC
252
254
258
260
263
KOTAKBANK
760
768
779
787
798
LT
1,420
1,432
1,449
1,461
1,478
LUPIN
1,477
1,488
1,499
1,510
1,520
M&M
1,225
1,235
1,244
1,255
1,264
MARUTI
5,852
5,874
5,906
5,928
5,960
NTPC
173
174
176
178
179
ONGC
198
200
203
205
207
POWERGRID
201
203
205
207
209
RELIANCE
1,017
1,031
1,039
1,053
1,060
SBIN
261
262
265
267
270
SUNPHARMA
630
638
646
653
662
TCS
2,301
2,317
2,334
2,351
2,368
TATAMTRDVR
331
334
338
340
344
TATAMOTORS
523
528
536
540
548
TATAPOWER
79
80
81
81
82
TATASTEEL
455
459
464
467
472
TECHM
453
463
470
479
487
ULTRACEMCO
3,619
3,656
3,693
3,731
3,767
WIPRO
453
460
464
470
474
YESBANK
1,375
1,382
1,391
1,398
1,408
ZEEL
485
491
496
502
507
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Technical & Derivatives Report
January 31, 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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