Technical & Derivatives Report
July 07, 2016
Exhibit 1: Nifty Daily Chart
Sensex (27167) / Nifty (8336)
Tuesday’s session opened on a soft note in-line with slightly
weaker global peers. Subsequently, the index remained under a
bit of pressure throughout the session to snap the six-days
winning streak.
Despite these negative cues from the European bourses, our
benchmark index continued its outperformance and eventually
managed to defend the 8300 mark convincingly. On the hourly
chart, the Nifty has reached its support level of ’20 EMA’ and
thus, traders can use this dip to initiate fresh longs. We expect the
index to resume northward trend to test 8420 - 8450 levels. On
the flipside, immediate support levels would be seen at 8280 -
8240 levels. Traders are advised not to create short positions in
such kind of strong trend.
Key Levels
Support 1 - 8280
Resistance 1 - 8420
Support 2 - 8240
Resistance 2 - 8450
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (18004)
In Tuesday's trading session, the Nifty Bank index corrected
marginally and ended the session with a loss of 0.52 percent over
its previous session's close.
After six-days of gaining momentum; the index finally corrected
on Tuesday with a small margin. However, neither the index nor
the heavyweights within the index have shown any sign of
reversal. Thus, this minor dip just seems to be a corrective move
within the uptrend. Short term traders, in fact, should use such
dips as a buying opportunity. Hence, we are expecting the
uptrend to continue in near term and unless any signs of reversal
seen, traders should trade with a positive bias with proper risk
management. The intraday support for the Nifty Bank index are
placed around 17940 and 17800; whereas resistances are seen
around 18200 and 18350.
Key Levels
Support 1 - 17940
Resistance 1 - 18200
Support 2 - 17800
Resistance 2 - 18350
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Technical & Derivatives Report
July 07, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.63%
BankNifty futures open interest has decreased by 3.11%
as market closed at 8335.95 levels.
The Nifty July future closed with a premium of 18.05
points against a premium of 16.65 points in previous
session. The August series closed at a premium of 54.15
points.
The Implied Volatility of at the money options has
decreased from 14.13% to 14.05%.
The total OI of the market is Rs. 2,11,420/- cr. and the
stock futures OI is Rs. 63,289/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, SOUTHBANK, TV18BRDCST,
JPASSOCIAT and CADILAHC.
Views
OI Gainers
FIIs were net buyers in both cash market segment and in
OI
PRICE
Index Futures. They bought equities to the tune of Rs. 266
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
crores. While in Index Futures, they were net buyers of Rs.
SINTEX
10878000
40.25
82.45
-3.62
129 crores with rise in open interest, indicating long
NIITTECH
528000
37.50
526.50
1.34
formation in previous trading session.
On Index Options front, FIIs bought worth Rs. 396 crores
GODREJCP
505600
17.15
1665.15
1.41
with good amount of rise in open interest. We hardly saw
RELINFRA
9737000
16.36
570.50
3.41
any meaningful open interest addition in Nifty options. In
BPCL
5664600
14.16
1093.05
-0.31
Call options, some OI addition was seen in 8400-8700
strikes. On the other hand in Put options, mirror build-up
OI Losers
was visible in 8200 strike. Maximum open interest in
OI
PRICE
SCRIP
OI
PRICE
current series is placed at 8500 call and 8200 put
CHG. (%)
CHG. (%)
strikes.
UBL
1512700
-9.85
791.50
2.17
Since, FIIs are continuously buying in index futures; we
RECLTD
29907000
-6.59
187.65
2.43
are expecting Nifty to continue its upward momentum in
GLENMARK
2517200
-6.45
827.00
0.47
upcoming sessions too. Resistance of 8280-8300 may
HEXAWARE
4346000
-5.60
230.30
0.99
now as support for Nifty. Hence, traders are advised to
AJANTPHARM
364000
-5.50
1593.40
1.40
trade with positive bias.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JPASSOCIAT
150.64
NIFTY
1.04
1.03
SOUTHBANK
38.75
BANKNIFTY
1.09
1.05
ASHOKLEY
43.93
SBIN
0.74
0.61
GMRINFRA
47.62
RELIANCE
0.53
1.97
POWERGRID
26.02
ASHOKLEY
0.35
0.42
Strategy Date
Symbol
Strategy
Status
04-07-2016
RCOM
Ratio Bull Call Spread
Active
2
Technical & Derivatives Report
July 07, 2016
FII Statistics for 05-July 2016
Turnover on 05-July 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1112.13
982.99
129.13
233359
14875.09
1.42
162231
11178.80
4.46
FUTURES
FUTURES
INDEX
INDEX
15374.84
14981.26
393.57
788404
49481.17
4.69
1819968
132530.31
10.72
OPTIONS
OPTIONS
STOCK
4317.42
4662.48
(345.07)
778746
48839.02
1.37
STOCK
FUTURES
491361
32311.31
1.13
FUTURES
STOCK
STOCK
3054.04
3034.32
19.72
39659
2527.97
33.02
OPTIONS
231260
17349.00
11.91
OPTIONS
TOTAL
23858.42
23661.06
197.36
1840168
115723.24
3.31
TOTAL
2704820
193369.42
8.72
Nifty Spot = 8335.95
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8400
93.75
Buy
8300
96.25
40.75
59.25
8440.75
31.20
68.80
8268.80
Sell
8500
53.00
Sell
8200
65.05
Buy
8400
93.75
Buy
8300
96.25
66.95
133.05
8466.95
52.80
147.20
8247.20
Sell
8600
26.80
Sell
8100
43.45
Buy
8500
53.00
Buy
8200
65.05
26.20
73.80
8526.20
21.60
78.40
8178.40
Sell
8600
26.80
Sell
8100
43.45
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
July 07, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,567
1,578
1,596
1,608
1,626
ADANIPORTS
211
213
215
216
218
AMBUJACEM
250
252
254
256
258
ASIANPAINT
970
977
991
999
1,013
AUROPHARMA
737
754
764
780
790
AXISBANK
529
535
540
546
551
BAJAJ-AUTO
2,575
2,594
2,621
2,640
2,668
BANKBARODA
157
158
160
162
164
BHEL
135
137
139
142
144
BPCL
1,077
1,088
1,103
1,113
1,128
BHARTIARTL
357
362
368
372
378
INFRATEL
350
354
357
362
365
BOSCH
22,114
22,326
22,462
22,674
22,810
CIPLA
499
503
507
511
515
COALINDIA
314
318
321
325
327
DRREDDY
3,403
3,427
3,454
3,477
3,504
EICHERMOT
19,244
19,338
19,419
19,513
19,594
GAIL
378
382
390
394
402
GRASIM
4,472
4,505
4,558
4,591
4,644
HCLTECH
724
731
740
747
755
HDFCBANK
1,155
1,160
1,167
1,173
1,180
HDFC
1,239
1,250
1,257
1,268
1,274
HEROMOTOCO
3,069
3,090
3,125
3,146
3,181
HINDALCO
121
122
125
126
129
HINDUNILVR
882
886
891
895
900
ICICIBANK
240
243
247
249
253
IDEA
104
105
106
106
107
INDUSINDBK
1,088
1,098
1,106
1,115
1,123
INFY
1,162
1,169
1,178
1,185
1,194
ITC
239
242
244
246
249
KOTAKBANK
733
737
742
746
751
LT
1,540
1,558
1,570
1,588
1,600
LUPIN
1,538
1,550
1,561
1,573
1,584
M&M
1,438
1,449
1,466
1,477
1,495
MARUTI
4,123
4,148
4,175
4,200
4,227
NTPC
150
151
154
155
157
ONGC
224
227
232
235
240
POWERGRID
158
159
163
164
168
RELIANCE
970
981
992
1,004
1,015
SBIN
220
222
223
225
227
SUNPHARMA
759
767
772
780
786
TCS
2,467
2,476
2,487
2,496
2,506
TATAMTRDVR
290
293
298
302
307
TATAMOTORS
454
457
463
467
473
TATAPOWER
73
74
74
75
75
TATASTEEL
327
330
334
337
341
TECHM
510
513
516
518
522
ULTRACEMCO
3,296
3,336
3,400
3,440
3,504
WIPRO
550
558
563
571
576
YESBANK
1,105
1,116
1,124
1,135
1,143
ZEEL
451
457
463
469
475
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Technical & Derivatives Report
July 07, 2016
Research Team Tel: 022 - 39357800
For Technical Queries
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