Technical & Derivatives Report
May 31, 2017
Sensex (31159) / Nifty (9625)
Exhibit 1: Nifty Weekly Chart
We had a soft beginning for the day as there were no major cues
from the US as well as Asian bourses. Subsequently, we witnessed
a consolidation within a small range throughout the day.
However, the overall bias remained positive and as a result, the
Nifty ended the session with nominal gains.
For the second consecutive day, we witnessed a similar price
action in the index and generally, this is what we see when
market slips into a consolidation mode immediately after hitting
record highs. Now, for few days, we expect such consolidation to
continue with slightly higher volatility as the market is now
entering a strong resistance zone of 9620 - 9720 levels. Traders
are advised to keep booking profits in the index in the mentioned
resistance zone and rather, keep focusing on stock specific moves
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. For the coming session, 9581 - 9547 is likely
to act as an immediate support zone for the index.
Key Levels
Support 1 - 9581
Resistance 1 - 9650
Support 2 - 9547
Resistance 2 - 9770
Nifty Bank Outlook - (23307)
Exhibit 2: Nifty Bank Weekly Chart
The Nifty Bank index opened marginally lower yesterday but
traded with positive bias throughout the session to end the day
with gains of 0.54 percent over its previous session's close.
Although the index traded in a range, the stock specific
momentum was completely opposite to that seen on the previous
day. The individual stocks which had corrected significantly in last
few trading sessions rallied higher to mark a pullback move. As
we have highlighted in our earlier reports, the Nifty Bank index is
likely to move upto 23550-23650. However, looking at the risk-
reward from current levels in the index, we advise traders to book
profits in the long positions in the index at higher levels and focus
on stock specific moves, which could fetch better opportunities in
near term. 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
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Technical & Derivatives Report
May 31, 2017
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.76%
BankNifty futures open interest has increased by 2.14%
as market closed at 9624.55 levels.
The Nifty June future closed with a discount of 4.70
points against the premium of 0.80 points in last trading
session. The July series closed at a premium of 18.15
point.
The Implied Volatility of at the money options has
decreased from 9.67% to 9.45%. At the same time, the
PCR-OI of Nifty remained unchanged at 1.13 levels.
The total OI of the market is Rs. 2,86,521/- cr. and the
stock futures OI is Rs. 96,067/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, SINTEX, TV18BRDCST, PEL
and CHOLAFIN.
Views
OI Gainers
Yesterday, FIIs were net sellers in the cash segment worth
OI
PRICE
SCRIP
OI
PRICE
Rs. 217 crores. While, they were marginal buyers in
CHG. (%)
CHG. (%)
RECLTD
40206000
35.70
206.85
4.63
index futures with rise in open interest, indicating
JUBLFOOD
2746000
27.57
903.55
-3.75
formation of both long and short in previous trading
session.
BERGEPAINT
871200
19.28
257.75
-0.19
In index options front, they bought of worth Rs. 230
CHOLAFIN
185500
18.53
1007.45
-2.82
crores with rise in open interest. In call option, 9700 and
HEXAWARE
2874000
15.14
236.20
-4.89
10000 strikes added some fresh positions. On the other
RCOM
133718000
11.87
20.15
-0.98
hand, good amount of build-up was visible in 9500 and
GODREJIND
1950000
11.40
613.65
4.41
9600 put options. While, maximum concentration of
M&M
3443500
10.42
1369.70
0.40
open interest for current series is seen in 9700 call and
9400 put option.
OI Losers
FIIs activity in Index remained muted in yesterday’s
OI
PRICE
SCRIP
OI
PRICE
trading session. However, they formed good amount of
CHG. (%)
CHG. (%)
long positions in Stock Futures. In May series, they
NBCC
2940000
-6.84
196.55
0.61
formed mixed positions but rollover data hinted that they
ADANIPORTS
10362500
-6.79
341.30
3.57
rolled all their longs in Index Futures and exited more
SHREECEM
29100
-5.83
17962.20
0.78
than 55% of their short positions. Despite, market has
CADILAHC
2324800
-5.53
473.30
3.35
run-up sharply in past few trading sessions; FIIs prefer
AJANTPHARM
363200
-5.32
1561.40
2.01
holding their longs in Index Futures. Thus, we maintain
OIL
1583934
-5.28
315.95
2.81
our optimistic stance on market and expect Nifty to inch
RELIANCE
15707000
-3.44
1356.45
0.22
towards 9700 mark.
IGL
1481150
-3.41
1056.90
3.28
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
AUROPHARMA
72.25
NIFTY
1.13
0.89
BHEL
59.90
BANKNIFTY
1.12
0.87
NTPC
21.53
SUNPHARMA
0.40
0.34
GODREJIND
36.99
RELIANCE
0.62
0.48
HEXAWARE
42.06
SBIN
0.66
0.62
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Technical & Derivatives Report
May 31, 2017
FII Statistics for May 30, 2017
Turnover on May 30, 2017
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1109.91
1073.71
36.20
263575
19663.22
2.05
139551
11167.84
-37.00
FUTURES
FUTURES
INDEX
INDEX
36835.50
36605.50
230.00
743817
54847.08
0.96
3297236
282084.78
-14.01
OPTIONS
OPTIONS
STOCK
8619.52
7790.29
829.22
1076021
69836.72
1.51
STOCK
FUTURES
695156
48149.70
-3.40
FUTURES
STOCK
STOCK
5828.17
5529.58
298.59
62888
4446.87
18.61
419565
30840.65
0.70
OPTIONS
OPTIONS
TOTAL
52393.09
50999.07
1394.02
2146301
148793.89
1.81
TOTAL
4551508
372242.96
-12.67
Nifty Spot = 9624.55
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
9600
121.25
Buy
9600
103.90
49.95
50.05
9649.95
33.25
66.75
9566.75
Sell
9700
71.30
Sell
9500
70.65
Buy
9600
121.25
Buy
9600
103.90
84.15
115.85
9684.15
56.40
143.60
9543.60
Sell
9800
37.10
Sell
9400
47.50
Buy
9700
71.30
Buy
9500
70.65
34.20
65.80
9734.20
23.15
76.85
9476.85
Sell
9800
37.10
Sell
9400
47.50
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
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Technical & Derivatives Report
May 31, 2017
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,577
1,606
1,624
1,653
1,671
ADANIPORTS
321
331
337
346
352
AMBUJACEM
234
238
241
245
248
ASIANPAINT
1,138
1,149
1,158
1,168
1,177
AUROPHARMA
479
530
557
608
635
AXISBANK
498
506
512
520
525
BAJAJ-AUTO
2,804
2,828
2,846
2,870
2,888
BANKBARODA
169
174
177
181
184
BPCL
717
728
736
747
756
BHARTIARTL
365
368
372
375
380
INFRATEL
358
365
373
380
387
BOSCHLTD
23,255
23,397
23,587
23,729
23,919
CIPLA
494
502
510
518
526
COALINDIA
256
262
265
271
274
DRREDDY
2,382
2,432
2,466
2,516
2,550
EICHERMOT
27,551
27,937
28,198
28,584
28,846
GAIL
393
399
404
410
415
HCLTECH
845
857
864
876
883
HDFCBANK
1,609
1,619
1,626
1,636
1,644
HDFC
1,557
1,568
1,586
1,597
1,615
HEROMOTOCO
3,628
3,684
3,716
3,772
3,804
HINDALCO
196
199
205
209
214
HINDUNILVR
1,045
1,059
1,067
1,081
1,089
IBULHSGFIN
1,087
1,100
1,109
1,122
1,131
ICICIBANK
310
316
320
326
330
IOC
412
416
422
426
433
INDUSINDBK
1,457
1,465
1,480
1,488
1,503
INFY
970
983
992
1,005
1,013
ITC
307
309
312
314
317
KOTAKBANK
950
956
962
968
973
LT
1,705
1,736
1,785
1,816
1,865
LUPIN
1,095
1,113
1,127
1,145
1,160
M&M
1,324
1,343
1,361
1,379
1,398
MARUTI
7,024
7,086
7,146
7,208
7,269
NTPC
153
157
160
164
167
ONGC
171
175
177
181
183
POWERGRID
198
201
205
208
212
RELIANCE
1,341
1,350
1,358
1,367
1,374
SBIN
278
283
287
292
295
SUNPHARMA
498
503
507
512
515
TCS
2,500
2,525
2,551
2,576
2,602
TATAMTRDVR
282
285
287
290
292
TATAMOTORS
476
479
483
486
490
TATAPOWER
80
81
82
83
84
TATASTEEL
500
506
510
516
520
TECHM
378
383
386
391
395
ULTRACEMCO
4,023
4,053
4,082
4,111
4,141
VEDANTA
238
242
244
247
250
WIPRO
525
530
535
541
546
YESBANK
1,415
1,427
1,444
1,456
1,473
ZEEL
503
513
519
529
535
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Technical & Derivatives Report
May 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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