Technical & Derivatives Report
June 03, 2016
Sensex (26843) / Nifty (8219)
Exhibit 1: Nifty Daily Chart
Yesterday's session opened on a flat note citing mixed cues from
the Asian bourses. Subsequently, the index remained under tad
bit of pressure for the major part of the session. However, a smart
recovery towards the fag end of session led to a convincing close
above the 8200 mark.
Yesterday, we saw index struggling in the first half, which enticed
most of the bears who were looking for a corrective move. But, as
repeatedly mentioned in our previous reports, the upward trend is
extremely strong and going by the assumption 'Trend is your
Friend', the intra day selling clearly got absorbed. We stick to our
positive stance and continue to advise traders to use dips as a
buying opportunity. This upward momentum is likely to continue
towards 8280 - 8336 levels. On the flipside, the intraday support
is now seen at 8170 - 8140 levels.
Key Levels
Support 1 - 8170
Resistance 1 - 8280
Support 2 - 8140
Resistance 2 - 8336
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (17568)
In yesterday's trading session, the Nifty Bank index consolidated in
a narrow range till afternoon; but rallied higher in latter half to
end the session with gains of 0.83%.
The index has consolidated within a range bound activity since
last four trading sessions. The momentum readings on charts and
the broader trend in the individual stocks within the heavyweights
in the index continues to be positive. Thus, the consolidation just
seem to be a breather in the short term uptrend. Hence, we are
expecting a continuation of the up move in near term and traders
should thus, continue to trade with a positive bias. The near term
support for the index is placed around 17320 and 17100;
whereas, resistances are seen around 17670 and 17780.
Key Levels
Support 1 - 17320
Resistance 1 - 17670
Support 2 - 17100
Resistance 2 - 17780
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Technical & Derivatives Report
June 03, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 0.68%
BankNifty futures open interest has increased by 6.26%
as market closed at 8218.95 levels.
The Nifty June future closed with a premium of 24.30
points against a premium of 14.60 points in previous
session. The July series closed at a premium of 44.65
points.
The Implied Volatility of at the money options has
decreased from 14.27% to 13.85%.
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, GRASIM, TATAPOWER,
GMRINFRA and L&TFH.
Views
OI Gainers
OI
PRICE
FIIs were net buyers in cash market segment yesterday;
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
they bought to the tune of Rs. 522 crores. In Index
ENGINERSIN
3148200
34.11
195.25
6.87
Futures, they sold of Rs. 159 crores with marginal
HCLTECH
10922500
14.34
721.35
-1.78
change in OI, indicating blend of long unwinding and
GODREJCP
445600
12.75
1543.20
3.71
some short formation in last trading session.
In Index Options front, FIIs bought marginally with
CADILAHC
3539300
9.94
324.30
-2.67
decent rise in open interest. Overall activity in options
TITAN
11236500
8.19
358.05
-0.45
remained subdued. 8600 call and 8100 put options
were comparatively active and they also added some
OI Losers
build-up. Maximum build-up in June series is visible in
OI
PRICE
SCRIP
OI
PRICE
8400 call and 8000 put options. We believe 8000-8050
CHG. (%)
CHG. (%)
levels may now act as a very strong support for market.
TVSMOTOR
5434000
-10.30
296.60
3.44
Last two days selling figure in Index Futures is far less
IOB
7266000
-5.98
26.00
-0.57
than the quantum of buying witness in the last week of
TATAMOTORS
29554500
-5.89
453.45
1.21
May series and first two days of current series. One
ASIANPAINT
3844200
-4.93
1024.05
0.28
should avoid forming any shorts at current junction; it’s a
MARUTI
2290575
-4.19
4186.65
0.46
buy on dip market for us.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
ENGINERSIN
45.52
NIFTY
1.05
1.00
BAJFINANCE
36.60
BANKNIFTY
1.08
0.83
COALINDIA
30.59
SBIN
0.83
0.55
CROMPGREAV
78.91
ICICIBANK
0.50
0.41
YESBANK
31.67
RELIANCE
0.77
0.48
Strategy Date
Symbol
Strategy
Status
May 30, 2016
TCS
Ratio Bull Call Spread
Active
2
Technical & Derivatives Report
June 03, 2016
FII Statistics for 02-June 2016
Turnover on 02-June 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1528.41
1687.48
(159.07)
292548
17710.56
(0.32)
241683
13998.91
3.91
FUTURES
FUTURES
INDEX
INDEX
21544.32
21461.53
82.78
920882
56258.02
4.11
3098724
175963.22
44.10
OPTIONS
OPTIONS
STOCK
4808.37
4725.21
83.16
1063697
52965.59
2.10
STOCK
FUTURES
512925
26371.40
-10.76
FUTURES
STOCK
STOCK
2321.64
2326.07
(4.43)
68737
3552.63
4.37
OPTIONS
264784
13717.44
-13.53
OPTIONS
TOTAL
30202.73
30200.30
2.43
2345864
130486.80
2.63
TOTAL
4118116
230050.98
27.10
Nifty Spot = 8218.95
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8200
146.05
Buy
8200
106.05
53.10
46.90
8253.10
33.30
66.70
8166.70
Sell
8300
92.95
Sell
8100
72.75
Buy
8200
146.05
Buy
8200
106.05
92.10
107.90
8292.10
56.70
143.30
8143.30
Sell
8400
53.95
Sell
8000
49.35
Buy
8300
92.95
Buy
8100
72.75
39.00
61.00
8339.00
23.40
76.60
8076.60
Sell
8400
53.95
Sell
8000
49.35
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 03, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,546
1,526
1,536
1,547
1,557
ADANIPORTS
205
198
202
204
208
AMBUJACEM
230
228
229
230
231
ASIANPAINT
1,024
984
1,004
1,017
1,037
AUROPHARMA
789
772
780
786
795
AXISBANK
524
500
512
519
531
BAJAJ-AUTO
2,595
2,539
2,567
2,585
2,612
BANKBARODA
142
136
139
140
143
BHEL
120
116
118
119
121
BPCL
1,004
969
986
996
1,014
BHARTIARTL
366
356
361
365
370
INFRATEL
381
374
378
382
386
BOSCH
22,050
21,867
21,959
22,104
22,196
CIPLA
468
455
461
466
472
COALINDIA
307
292
300
305
312
DRREDDY
3,177
3,149
3,163
3,181
3,195
EICHERMOT
18,752
18,507
18,630
18,775
18,897
GAIL
376
362
369
373
380
GRASIM
4,350
4,312
4,331
4,344
4,363
HCLTECH
721
701
711
725
735
HDFCBANK
1,175
1,166
1,170
1,176
1,180
HDFC
1,261
1,221
1,241
1,252
1,272
HEROMOTOCO
3,144
3,029
3,087
3,118
3,176
HINDALCO
106
101
103
105
108
HINDUNILVR
868
820
844
859
883
ICICIBANK
241
236
239
240
243
IDEA
119
112
115
119
122
INDUSINDBK
1,122
1,090
1,106
1,115
1,131
INFY
1,262
1,243
1,252
1,263
1,273
ITC
359
350
354
357
362
KOTAKBANK
746
731
738
744
752
LT
1,477
1,426
1,452
1,467
1,493
LUPIN
1,476
1,449
1,462
1,478
1,492
M&M
1,333
1,321
1,327
1,337
1,343
MARUTI
4,187
4,098
4,142
4,169
4,213
NTPC
145
143
144
145
146
ONGC
213
207
210
212
215
POWERGRID
150
147
149
150
151
RELIANCE
956
941
949
953
961
SBIN
201
193
197
199
203
SUNPHARMA
746
736
741
750
755
TCS
2,650
2,581
2,615
2,635
2,670
TATAMTRDVR
312
301
306
310
316
TATAMOTORS
453
436
445
453
461
TATAPOWER
72
71
72
73
73
TATASTEEL
342
327
334
338
346
TECHM
547
530
539
546
554
ULTRACEMCO
3,225
3,187
3,206
3,225
3,244
WIPRO
540
520
530
545
555
YESBANK
1,049
997
1,023
1,038
1,064
ZEEL
457
442
449
454
462
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Technical & Derivatives Report
June 03, 2016
Research Team Tel: 022 - 39357800
For Technical Queries
For Derivatives Queries
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