Technical & Derivatives Report
March 31, 2017
Sensex (29647) / Nifty (9174)
Exhibit 1: Nifty Daily Chart
Yesterday, the Nifty opened on a flat note and started moving
higher in initial trades. However, the index traded in a narrow
range of 40 points throughout the session. Eventually, the Nifty
ended the session with gains of one third of a percent over its
previous close.
Due to March F&O expiry, we witnessed some volatile move
within a range. The Nifty is moving well above the breakout level
of ‘Falling Trend Line’ on hourly chart and thus indicates strength
in the index. At current juncture, strong support for Nifty is placed
at 9100 - 9120 and any corrective move should be used as a
buying opportunity. On the other hand, the Nifty is poised to
move above its previous high of 9218 and can rally towards
9300 - 9350 levels in upcoming sessions. Traders are advised
to stick to a stock centric approach and expect the index to trade
with a positive bias.
Key Levels
Support 1 - 9120
Resistance 1 - 9218
Support 2 - 9100
Resistance 2 - 9300
Nifty Bank Outlook - (21621)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued its bull run and gained another
1.07 percent to close at its all-time high level. As we have been
mentioning since last few days, the Nifty Bank index and the
stocks within the sector are expected to outperform the
benchmark indices.
The recent upmove in the stocks within the Banking sector has
been supported by good volumes and the index too has resumed
the uptrend from the '20DEMA' support. Hence, we continue with
our advice to hold the long positions and expect the uptrend to
continue. The index is expected to rally upto 22410, which is the
161.8% reciprocal retracement of the previous corrective move.
The intraday supports for the Nifty Bank index are placed around
21427 and 21337 whereas resistances are seen around 21793
and 21918.
Key Levels
Support 1 - 21427
Resistance 1 - 21793
Support 2 - 21337
Resistance 2 - 21918
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Technical & Derivatives Report
March 31, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 31.51%
BankNifty futures open interest has decreased by 21.41%
as market closed at 9173.75 levels.
The Nifty April future closed with a premium of 15.75
points against the premium of 31.80 points in last
trading session. The May series closed at a premium of
42.65 points.
The Implied Volatility of at the money options has
decreased from 13.13% to 10.76%. At the same time,
the PCR-OI of Nifty has decreased from 1.15 to 0.95
levels.
The total OI of the market is Rs. 2,32,444/- cr. and the
stock futures OI is Rs. 92,447/- cr.
Few of the liquid counters where we have seen high cost
of carry are ANDHRABANK, JPASSOCIAT, GMRINFRA,
IFCI and JINDALSTEL.
Views
OI Gainers
OI
PRICE
Yesterday, FIIs activity in cash market segment remained
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
subdued. While, in index futures they were buyers worth
BHARATFIN
17880000
9.79
813.10
0.51
Rs. 1244 crores with significant fall in open interest,
IBREALEST
31470000
7.26
87.90
8.72
which is a normal phenomenon on expiry.
GODREJIND
1941000
4.52
505.90
-0.20
In index options, FIIs bought worth Rs. 3921 crores with
JSWENERGY
57608000
3.96
63.20
2.35
fall in open interest. We hardly witnessed any major
JPASSOCIAT
150960000
1.65
14.15
1.07
activity in both call and put options of April Series.
IDFCBANK
76888000
0.75
60.05
-1.40
However,
9200 call and
9000 put options were
-
-
-
-
-
comparatively active and
they also added some
-
-
-
-
-
positions. Highest open interest in April series is placed at
9500 call and 9000 put option.
OI Losers
Rollover in March series is below its averages in
OI
PRICE
percentage term; but it’s on the higher side if open
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
interest is considered. We witnessed FIIs plumping
BRITANNIA
337600
-71.83
3406.75
0.15
liquidity throughout last series. While, in index futures
GAIL
15790000
-49.65
377.95
0.53
too, majority of the positions that have been rolled are
HDFC
9984000
-46.58
1524.10
-0.20
on long side. Hence, looking at the above rollover data,
UBL
1017800
-42.71
784.65
0.29
we believe market still has further potential upside in
SRTRANSFIN
1989600
-39.59
1055.90
-0.68
near term. Thus, traders are suggested to trade with
MOTHERSUMI
7975000
-38.36
380.15
-0.01
positive bias and use declines as a buying opportunity.
TVSMOTOR
4202000
-33.83
433.70
0.44
RELIANCE
17377000
-33.70
1274.20
0.94
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
IBREALEST
54.65
NIFTY
0.95
0.90
ADANIPORTS
39.46
BANKNIFTY
1.00
0.94
HDFCBANK
18.75
RELIANCE
0.50
0.55
BATAINDIA
33.95
SBIN
0.69
0.42
TORNTPOWER
46.24
TCS
2.59
2.87
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Technical & Derivatives Report
March 31, 2017
FII Statistics for March 30, 2017
Turnover on March 30, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
7548.03
6303.87
1244.16
319232
22565.09
(41.17)
446721
33099.20
30.49
FUTURES
FUTURES
INDEX
INDEX
48117.86
44196.36
3921.49
643655
44644.80
(41.76)
9095558
700164.45
65.89
OPTIONS
OPTIONS
STOCK
26637.94
28179.98
(1542.05)
1149760
77907.21
(24.02)
STOCK
FUTURES
1629227
117889.18
14.31
FUTURES
STOCK
STOCK
2730.14
2468.22
261.92
2042
150.29
(98.28)
571364
43651.96
-0.32
OPTIONS
OPTIONS
TOTAL
85033.97
81148.44
3885.53
2114689
145267.38
(35.52)
TOTAL
11742870
894804.78
50.55
Nifty Spot = 9173.75
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9200
106.15
Buy
9200
117.85
44.85
55.15
9244.85
38.80
61.20
9161.20
Sell
9300
61.30
Sell
9100
79.05
Buy
9200
106.15
Buy
9200
117.85
74.75
125.25
9274.75
65.95
134.05
9134.05
Sell
9400
31.40
Sell
9000
51.90
Buy
9300
61.30
Buy
9100
79.05
29.90
70.10
9329.90
27.15
72.85
9072.85
Sell
9400
31.40
Sell
9000
51.90
Note: Above mentioned Bullish or Bearish Spreads in Nifty (April Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
March 31, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,403
1,411
1,421
1,429
1,439
ADANIPORTS
313
326
334
347
355
AMBUJACEM
226
230
233
237
240
ASIANPAINT
1,056
1,063
1,069
1,076
1,082
AUROPHARMA
660
666
674
680
688
AXISBANK
490
495
499
504
508
BAJAJ-AUTO
2,796
2,810
2,828
2,842
2,860
BANKBARODA
171
172
174
175
177
BHEL
161
163
166
167
170
BPCL
634
637
642
645
650
BHARTIARTL
338
345
349
355
359
INFRATEL
327
332
336
340
344
BOSCH
21,967
22,284
22,841
23,158
23,715
CIPLA
588
593
597
602
606
COALINDIA
285
287
291
294
298
DRREDDY
2,582
2,598
2,622
2,638
2,662
EICHERMOT
24,529
25,094
25,447
26,012
26,365
GAIL
366
372
380
386
394
GRASIM
1,042
1,055
1,065
1,078
1,089
HCLTECH
858
867
874
883
891
HDFCBANK
1,402
1,434
1,457
1,489
1,512
HDFC
1,502
1,511
1,520
1,529
1,537
HEROMOTOCO
3,167
3,199
3,235
3,267
3,303
HINDALCO
187
189
191
193
195
HINDUNILVR
903
911
917
926
932
ICICIBANK
278
280
281
283
285
IDEA
85
86
88
89
91
INDUSINDBK
1,389
1,406
1,418
1,434
1,446
INFY
1,012
1,019
1,027
1,034
1,043
ITC
278
280
282
285
287
KOTAKBANK
853
859
865
872
878
LT
1,542
1,550
1,560
1,568
1,578
LUPIN
1,438
1,442
1,450
1,454
1,462
M&M
1,250
1,265
1,276
1,291
1,302
MARUTI
5,898
5,927
5,964
5,993
6,030
NTPC
161
162
164
165
167
ONGC
180
182
185
187
190
POWERGRID
192
194
196
197
199
RELIANCE
1,244
1,258
1,266
1,279
1,288
SBIN
286
289
291
294
296
SUNPHARMA
680
683
689
692
698
TCS
2,417
2,429
2,447
2,459
2,477
TATAMTRDVR
278
280
282
284
287
TATAMOTORS
460
464
467
471
474
TATAPOWER
89
89
90
91
92
TATASTEEL
469
473
480
484
490
TECHM
452
457
460
465
468
ULTRACEMCO
3,952
3,970
3,990
4,008
4,027
WIPRO
501
509
514
521
526
YESBANK
1,531
1,541
1,549
1,560
1,568
ZEEL
524
528
533
538
543
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Technical & Derivatives Report
March 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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