Technical & Derivatives Report
June 01, 2016
Sensex (26668) / Nifty (8160)
Exhibit 1: Nifty Daily Chart
Yesterday too, our markets opened with a modest upside gap
citing to positive cues from the Asian peers. However, this lead
was very short lived as the index corrected a bit from the early
morning high and then continued with its mildly negative bias to
end the session with a nominal loss of 0.22% over its previous
close.
It was clearly yet another day of consolidation after witnessing a
sharp rally during the second half of the previous week. Since
there is no major change in the chart structure; our view remains
unchanged. We reiterate that in case of any minor intraday dips,
traders should look to go long as we expect upward bias to
continue in the forthcoming days as well. We would like to keep
highlighting one key point, the market has entered a strong
bullish zone and thus, traders should now look at the support
levels rather than finding resistances. The immediate support is at
8140 - 8120 and intraday resistances at 8220 - 8250.
Key Levels
Support 1 - 8140
Resistance 1 - 8220
Support 2 - 8120
Resistance 2 - 8250
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (17621)
Yet another session, the Nifty Bank index traded in a narrow
range; but showed its outperformance over the benchmark index
by concluding the session in the positive territory with a gain of
0.57%.
In last two sessions, the index has traded in a narrow range which
just seems to be a breather within the short term uptrend. The
index has formed a 'Dragon Fly Doji' candle on daily charts,
which could act as a reversal pattern if the low of the candle
(17462) is broken. However, looking at the ongoing momentum
in the stocks within the sector, we are not expecting any reversal
or major correction from current levels. Hence, traders are
advised not to short the index and continue to hold the long
positions. The near term support for the index is placed around
17462 and 17370; whereas, resistances are seen around 17780
and 18050.
Key Levels
Support 1 - 17462
Resistance 1 - 17780
Support 2 - 17370
Resistance 2 - 18050
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Technical & Derivatives Report
June 01, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.28%
BankNifty futures open interest has decreased by 0.53%
as market closed at 8160.10 levels.
The Nifty June future closed with a premium of 30.80
points against a premium of 15.80 points in previous
session. The July series closed at a premium of 51.40
points.
The Implied Volatility of at the money options has
increased from 14.18% to 14.24%.
The total OI of the market is Rs. 1,97,682/- cr. and the
stock futures OI is Rs. 61,205/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, UNITECH, IFCI, PTC and
INDIACEM.
Views
OI Gainers
FIIs sold marginally in cash market segment yesterday. In
OI
PRICE
Index Futures, they were net buyers of Rs. 599 crores with
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
fall in OI, indicating covering of shorts formed earlier in
HAVELLS
5098000
55.71
364.50
-2.62
last trading session.
BAJFINANCE
602250
47.57
7588.80
-0.63
In Index Options front, FIIs were marginal sellers with rise
TITAN
10117500
40.37
360.50
-1.29
in open interest. Overall activity in Nifty options segment
remained subdued, 8500 call and 8000 put options
UBL
3331500
27.89
725.60
1.64
were active and they also added some build-up.
RCOM
114102000
16.68
46.95
-3.85
Maximum build-up in June series has shifted from 8200
to 8400 call options and of put options is intact at 8000
OI Losers
strike. We believe 8000 levels may now act as a very
OI
PRICE
SCRIP
OI
PRICE
strong support zone. FIIs have been buying in Index
CHG. (%)
CHG. (%)
Futures since last 3-4 trading session, we believe one
BATAINDIA
1330700
-11.03
572.40
0.70
should trade with positive bias. Large cap counters like
BHARTIARTL
20858400
-9.78
351.40
-0.52
TATAMOTORS, YESBANK, SBIN and TATASTEEL added
SRF
607200
-7.94
1297.10
-0.45
good amount of fresh longs. While HCLTECH,
TATAMTRDVR
16900800
-5.44
314.50
11.51
SUNPHARMA, POWERGRID and BPCL from front line
MOTHERSUMI
10620000
-5.26
284.75
0.32
added shorts in yesterday’s trading session.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
TATAMTRDVR
64.50
NIFTY
1.02
0.93
TATAMOTORS
57.64
BANKNIFTY
1.09
0.97
SUNPHARMA
46.10
SBIN
1.04
0.52
JISLJALEQS
41.27
ICICIBANK
0.59
0.43
GLENMARK
26.86
RELIANCE
0.80
0.51
Strategy Date
Symbol
Strategy
Status
May 30, 2016
TCS
Ratio Bull Call Spread
Active
2
Technical & Derivatives Report
June 01, 2016
FII Statistics for 31-May 2016
Turnover on 31-May 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
2939.49
2340.69
598.80
288563
17398.05
(2.38)
241248
14029.47
25.38
FUTURES
FUTURES
INDEX
INDEX
20768.31
20831.65
(63.34)
848308
51512.14
2.24
1917347
115097.85
6.65
OPTIONS
OPTIONS
STOCK
9428.14
9681.99
(253.86)
1020824
50666.28
2.70
STOCK
FUTURES
739722
38843.40
43.79
FUTURES
STOCK
STOCK
3269.50
3319.47
(49.97)
56678
2964.75
18.86
OPTIONS
343719
18606.44
16.87
OPTIONS
TOTAL
36405.44
36173.81
231.63
2214373
122541.22
2.19
TOTAL
3242036
186577.16
15.14
Nifty Spot = 8160.10
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8200
126.65
Buy
8200
138.05
46.30
53.70
8246.30
39.25
60.75
8160.75
Sell
8300
80.35
Sell
8100
98.80
Buy
8200
126.65
Buy
8200
138.05
79.00
121.00
8279.00
68.35
131.65
8131.65
Sell
8400
47.65
Sell
8000
69.70
Buy
8300
80.35
Buy
8100
98.80
32.70
67.30
8332.70
29.10
70.90
8070.90
Sell
8400
47.65
Sell
8000
69.70
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
June 01, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,507
1,518
1,532
1,543
1,557
ADANIPORTS
183
188
191
196
199
AMBUJACEM
224
226
230
232
235
ASIANPAINT
972
979
987
993
1,002
AUROPHARMA
745
765
780
800
816
AXISBANK
507
511
515
519
523
BAJAJ-AUTO
2,582
2,600
2,621
2,639
2,660
BANKBARODA
134
139
141
145
148
BHEL
117
119
121
123
125
BPCL
953
967
987
1,001
1,021
BHARTIARTL
342
347
352
357
362
INFRATEL
363
369
378
384
393
BOSCH
21,622
21,985
22,263
22,626
22,904
CIPLA
466
469
474
478
483
COALINDIA
284
288
292
295
299
DRREDDY
3,142
3,163
3,181
3,201
3,219
EICHERMOT
17,956
18,221
18,535
18,800
19,114
GAIL
360
365
373
378
386
GRASIM
4,287
4,322
4,351
4,386
4,415
HCLTECH
726
733
743
750
760
HDFCBANK
1,173
1,178
1,182
1,186
1,190
HDFC
1,211
1,224
1,236
1,250
1,261
HEROMOTOCO
3,039
3,069
3,099
3,129
3,159
HINDALCO
100
103
105
108
110
HINDUNILVR
836
842
851
857
866
ICICIBANK
237
241
245
249
253
IDEA
110
112
114
117
119
INDUSINDBK
1,090
1,096
1,102
1,108
1,114
INFY
1,224
1,236
1,251
1,264
1,279
ITC
343
347
353
357
363
KOTAKBANK
735
741
745
751
756
LT
1,456
1,465
1,476
1,485
1,496
LUPIN
1,446
1,460
1,478
1,492
1,509
M&M
1,296
1,309
1,327
1,340
1,358
MARUTI
4,007
4,084
4,132
4,209
4,257
NTPC
136
139
144
147
152
ONGC
206
209
212
214
218
POWERGRID
148
149
151
152
153
RELIANCE
946
952
962
968
979
SBIN
193
199
202
208
212
SUNPHARMA
730
746
773
789
816
TCS
2,508
2,539
2,593
2,624
2,678
TATAMTRDVR
291
303
310
322
329
TATAMOTORS
437
448
457
468
476
TATAPOWER
72
73
74
75
76
TATASTEEL
313
324
331
341
348
TECHM
530
535
542
547
553
ULTRACEMCO
3,185
3,206
3,228
3,249
3,271
WIPRO
538
542
547
551
556
YESBANK
1,007
1,020
1,033
1,046
1,059
ZEEL
433
438
444
449
454
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Technical & Derivatives Report
June 01, 2016
Research Team Tel: 022 - 39357800
For Technical Queries
For Derivatives Queries
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