Technical & Derivatives Report
November 03, 2016
Sensex (27527) / Nifty (8514)
Exhibit 1: Nifty Daily Chart
Yesterday, our market opened with the downside gap of around a
percent on back of weakness in global bourses. Post the gap
down opening, the Nifty traded in a narrow range with negative
bias and eventually ended the session with loss of 1.30 percent
over its previous close.
Yesterday’s fall was in-line with our view as we already had
cautious stance on market from last few sessions. Yesterday, the
Nifty index breached ‘Trend line’ support and ‘89 EMA’ on daily
chart with a gap and continued to move down, which does not
bode well for Bulls. At current juncture, the Nifty is trading around
its previous swing lows of 8480 - 8500 levels. But, since, there is
no sign of strength seen on chart, we believe that the index may
breach that support zone and move down towards 8400 - 8355
levels. Thus, traders are advice to remain light and avoid bottom
fishing at current levels. Going forward, intraday resistance for
the index is placed at 8550 and 8615 levels.
Key Levels
Support 1 - 8480
Resistance 1 - 8550
Support 2 - 8400
Resistance 2 - 8615
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (19228)
The Nifty Bank index too opened with a gap down opening and
ended the session with loss of 1.19 percent over its previous
session's close.
The gap down opening yesterday was definitely a negative sign
as the index traded lower post the recent consolidation. Although
on a larger degree the current correction seems to be a corrective
move within an uptrend, the index is expected to trade volatile
with negative bias in near term. The near support for the Nifty
Bank index is placed in range of 19050 - 19000 whereas
resistance is placed in range of 19460 - 19570. We continue to
advise traders to remain cautious and trade with proper risk
management.
Key Levels
Support 1 - 19050
Resistance 1 - 19460
Support 2 - 19000
Resistance 2 - 19570
1
Technical & Derivatives Report
November 03, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.60%
BankNifty futures open interest has increased by 11.14%
as market closed at 8514.00 levels.
The Nifty November future closed with a premium of
28.60 against the premium of 25.50 points in last
trading session. The December series closed at a
premium of 80.65 points.
The Implied Volatility of at the money options has
increased from 14.52% to 16.12%. At the same time, the
PCR-OI of Nifty has decreased from 0.97 to 0.95 levels.
The total OI of the market is Rs. 2,40,184/- cr. and the
stock futures OI is Rs. 76,242/- cr.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, SOUTHBANK, GAIL, KPIT
and DISHTV.
Views
OI Gainers
Yesterday, FIIs were net seller in both equity cash and
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
index future segment. They sold equities worth Rs. 667
UBL
1565900
18.36
869.85
-1.56
crores. While, in index futures, they were net seller to the
BANKINDIA
24918000
18.35
107.90
-5.43
tune of Rs. 803 crores with some rise in open interest,
ORIENTBANK
14376000
9.11
120.70
-5.63
indicating blend of long unwinding andw.freshlbshortng.com
ONGC
20687500
7.99
274.35
-3.82
formation.
DISHTV
45738000
7.01
93.55
-4.30
On Index Options front, FIIs bought of worth Rs. 608
PTC
15928000
5.57
72.70
-3.32
crores with good amount of rise in OI. In call options,
MINDTREE
3670400
5.28
436.00
-1.36
decent amount of build-up was seen in 8600 and 9000
HINDZINC
7900800
5.02
269.20
-0.96
strikes. On the other hand, in put options, 8300 and
8400 strikes remained active and they also added some
fresh positions. Maximum OI in November series is
OI Losers
placed at 9000 call and 8500 put options.
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
From last three sessions, we are witnessing good amount
IGL
1428900
-9.85
860.65
-1.30
of long unwinding and fresh short formation in Index
OIL
1421200
-8.53
410.20
-2.14
Futures by stronger hands. At current juncture, 8500 -
CENTURYTEX
7994800
-8.17
1000.00
-2.84
8550 seems to be a crucial support zone for Nifty.
SRTRANSFIN
3365400
-7.17
1062.00
0.86
Looking at the above data, we believe Nifty may breach
CADILAHC
2598400
-6.77
407.30
-4.37
these support levels in the short run provided we see
CROMPGREAV
9264000
-6.20
77.30
-0.26
continuation of decent amount of fresh short formation.
Thus, traders are advised to remain light and focus more
AMARAJABAT
537000
-6.09
1032.40
-0.84
on stock specific moves.
MRF
42690
-5.79
49553.55
-1.14
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CANBK
50.25
NIFTY
0.95
0.97
BANKINDIA
48.57
BANKNIFTY
0.94
0.92
GRANULES
38.58
AXISBANK
0.42
0.43
ONGC
36.76
RELIANCE
0.47
0.37
M&M
28.76
SBIN
0.69
0.63
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Technical & Derivatives Report
November 03, 2016
FII Statistics for 2, November 2016
Turnover on 2, November 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1354.17
2157.05
(802.89)
210309
13907.55
1.00
216038
14796.54
29.06
FUTURES
FUTURES
INDEX
INDEX
35975.01
35367.20
607.81
855488
55659.02
7.95
3917442
284190.92
64.55
OPTIONS
OPTIONS
STOCK
6028.75
6092.14
(63.39)
869757
55656.75
0.50
STOCK
FUTURES
483398
34128.32
-10.71
FUTURES
STOCK
STOCK
4196.57
4128.17
68.40
59053
3990.55
33.65
OPTIONS
276905
20278.61
-2.79
OPTIONS
TOTAL
47554.49
47744.56
(190.07)
1994607
129213.87
4.41
TOTAL
4893783
353394.39
45.28
Nifty Spot = 8514.00
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8600
102.85
Buy
8500
114.50
41.00
59.00
8641.00
33.85
66.15
8466.15
Sell
8700
61.85
Sell
8400
80.65
Buy
8600
102.85
Buy
8500
114.50
68.90
131.10
8668.90
58.30
141.70
8441.70
Sell
8800
33.95
Sell
8300
56.20
Buy
8700
61.85
Buy
8400
80.65
27.90
72.10
8727.90
24.45
75.55
8375.55
Sell
8800
33.95
Sell
8300
56.20
Note: Above mentioned Bullish or Bearish Spreads in Nifty (November Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
November 03, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1 465
1 477
1 494
1 506
1 523
ADANIPORTS
293
297
300
304
307
AMBUJACEM
237
239
242
243
246
ASIANPAINT
1 039
1 051
1 067
1 079
1 095
AUROPHARMA
777
783
793
799
809
AXISBANK
463
470
475
482
488
BAJAJ-AUTO
2 746
2 783
2 806
2 842
2 866
BANKBARODA
148
149
151
152
154
BHEL
135
136
138
139
141
BPCL
647
653
662
668
677
BHARTIARTL
304
307
311
314
318
INFRATEL
341
354
363
375
384
BOSCH
21 293
21 486
21 843
22 036
22 393
CIPLA
550
555
563
568
575
COALINDIA
321
324
327
330
333
DRREDDY
3 194
3 227
3 284
3 317
3 374
EICHERMOT
24 446
24 613
24 898
25 065
25 351
GAIL
414
421
426
433
439
GRASIM
915
925
944
954
972
HCLTECH
757
761
767
771
777
HDFCBANK
1 234
1 240
1 248
1 254
1 262
HDFC
1 385
1 395
1 402
1 411
1 419
HEROMOTOCO
3 296
3 311
3 336
3 351
3 376
HINDALCO
151
154
156
159
161
HINDUNILVR
824
833
841
849
857
ICICIBANK
267
269
271
274
276
IDEA
73
74
75
76
77
INDUSINDBK
1 186
1 207
1 222
1 244
1 258
INFY
975
978
983
986
990
ITC
233
235
237
239
241
KOTAKBANK
792
798
802
808
812
LT
1 428
1 438
1 447
1 457
1 465
LUPIN
1 465
1 479
1 502
1 515
1 538
M&M
1 274
1 322
1 354
1 402
1 434
MARUTI
5 735
5 765
5 815
5 845
5 895
NTPC
151
154
156
158
160
ONGC
270
273
280
283
290
POWERGRID
173
174
175
176
177
RELIANCE
1 007
1 016
1 029
1 037
1 051
SBIN
247
249
253
255
258
SUNPHARMA
700
707
720
727
740
TCS
2 265
2 285
2 314
2 334
2 363
TATAMTRDVR
327
331
338
342
348
TATAMOTORS
504
508
517
522
531
TATAPOWER
76
77
77
78
79
TATASTEEL
402
407
412
418
422
TECHM
417
424
429
435
440
ULTRACEMCO
3 826
3 861
3 913
3 948
4 000
WIPRO
449
453
457
462
466
YESBANK
1 179
1 194
1 216
1 231
1 253
ZEEL
494
498
502
505
509
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Technical & Derivatives Report
November 03, 2016
Research Team Tel: 022 - 39357800
For Technical Queries
For Derivatives Queries
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