Technical & Derivatives Report
June 09, 2016
Sensex (27021) / Nifty (8273)
Exhibit 1: Nifty Daily Chart
Yesterday too, our markets opened with a marginal upside gap
owing to mixed global cues. Subsequently, we witnessed a muted
movement throughout the session to end the session with
negligible gains.
As expected, we witnessed yet another muted session but with lot
of stock specific action. Due to narrow range, the overall chart
structure remains intact. We maintain our view that the Nifty is
likely to test the important swing high of 8336. Since this level is
not so far now, traders are now advised to keep booking profits
as the Nifty approaches this level. However, having said that
traders shouldn't be immediately creating short positions until we
see any reversal sign on chart. Meanwhile, traders should
continue with their stock specific approach.
Key Levels
Support 1 - 8200
Resistance 1 - 8290
Support 2 - 8174
Resistance 2 - 8336
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (17947)
In spite of positive momentum in broader market, the Nifty Bank
index traded in a narrow range and ended the session almost
near its previous day's close.
Although the Nifty PSU Bank index showed positive momentum
and gained 0.94% yesterday, the Nifty Bank index traded range
bound. This was due to consolidation seen in the Private sector
banks, which form major constituent of the index. Also, as we had
mentioned yesterday, 18000 - 18175 is a resistance zone for the
index and thus profit booking on long positions is possible in this
range. As of now, the index has not given any reversal signs and
thus, traders should refrain from creating short positions in the
index. Long positions should be protected with trailing stop loss.
The intraday support for the index is placed around 17780 and
17713; whereas, resistance is seen in range of 18000 - 18175
zone.
Key Levels
Support 1 - 17780
Resistance 1 - 18000
Support 2 - 17713
Resistance 2 - 18175
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Technical & Derivatives Report
June 09, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.56%
BankNifty futures open interest has increased by 0.07%
as market closed at 8273.05 levels.
The Nifty June future closed with a premium of 11.15
points against a premium of 16.70 points in previous
session. The July series closed at a premium of 35.90
points.
The Implied Volatility of at the money options has
increased from 13.02% to 13.27%.
The total OI of the market is Rs. 2,35,892/- cr. and the
stock futures OI is Rs. 66,772/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, JPASSOCIAT, DHFL, GMRINFRA
and IFCI.
Views
OI Gainers
FIIs continue buying in cash market segment; they
OI
PRICE
bought equities to the tune of Rs. Rs. 529 crores. While in
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Index Futures they were net sellers of Rs. 204 crores with
JSWENERGY
12400000
47.97
80.90
13.62
marginal change in open interest, suggesting blend of
MCLEODRUSS
3102000
39.13
187.30
5.49
fresh short formation and long unwinding in last trading
KSCL
2585250
12.76
471.10
3.65
session.
On Index Options front, FIIs bought significantly of Rs.
ORIENTBANK
18306000
7.22
88.75
5.22
1501 crores with rise in OI. In call options, we hardly
SIEMENS
1225400
7.16
1263.65
4.11
saw any strikes adding meaningful OI. While in put
options, 8100 strike added good amount of build-up.
OI Losers
We believe it is more of buying which took place in this
OI
PRICE
SCRIP
OI
PRICE
put strike. Maximum open interest in current series is
CHG. (%)
CHG. (%)
visible in 8400 call and 8000 put options. FIIs from last
KPIT
1280000
-10.11
186.45
-0.67
few trading session have been consistently pouring
PTC
9536000
-5.77
73.50
0.89
liquidity in cash segment. In Index Futures too, they have
YESBANK
8250900
-5.67
1054.35
-0.85
formed good amount of longs, which are still intact. We
FEDERALBNK
46428000
-5.61
57.90
1.94
believe Nifty may continue its up move, stay long.
HCLTECH
10809400
-5.16
745.55
2.01
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JSWENERGY
68.54
NIFTY
1.13
1.22
TATAGLOBAL
27.35
BANKNIFTY
1.32
1.10
MCLEODRUSS
37.25
SBIN
0.99
0.71
SIEMENS
31.06
RELIANCE
0.67
0.30
BEL
45.38
SUNPHARMA
0.38
0.34
Strategy Date
Symbol
Strategy
Status
May 30, 2016
TCS
Ratio Bull Call Spread
Active
June 06, 2016
NIFTY
Long Call
Active
2
Technical & Derivatives Report
June 09, 2016
FII Statistics for 08-June 2016
Turnover on 08-June 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
848.75
1052.34
(203.59)
293131
17914.86
(0.39)
174419
10133.51
-42.10
FUTURES
FUTURES
INDEX
INDEX
13411.21
11910.53
1500.68
1006276
61923.67
3.41
2107457
121856.97
-32.00
OPTIONS
OPTIONS
STOCK
3846.33
3784.43
61.90
1063607
52983.20
(0.02)
STOCK
FUTURES
495229
25383.35
-12.02
FUTURES
STOCK
STOCK
2130.06
2195.41
(65.35)
85308
4484.65
2.99
OPTIONS
266485
13729.23
-13.88
OPTIONS
TOTAL
20236.35
18942.71
1293.63
2448322
137306.38
1.43
TOTAL
3043590
171103.06
-29.15
Nifty Spot = 8273.05
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8300
100.30
Buy
8200
77.50
44.05
55.95
8344.05
26.80
73.20
8173.20
Sell
8400
56.25
Sell
8100
50.70
Buy
8300
100.30
Buy
8200
77.50
72.60
127.40
8372.60
44.80
155.20
8155.20
Sell
8500
27.70
Sell
8000
32.70
Buy
8400
56.25
Buy
8100
50.70
28.55
71.45
8428.55
18.00
82.00
8082.00
Sell
8500
27.70
Sell
8000
32.70
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
3
Technical & Derivatives Report
June 09, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,525
1,536
1,543
1,554
1,561
ADANIPORTS
198
201
204
207
210
AMBUJACEM
231
235
237
240
243
ASIANPAINT
1,002
1,010
1,019
1,028
1,037
AUROPHARMA
760
767
773
779
785
AXISBANK
526
533
537
543
548
BAJAJ-AUTO
2,606
2,619
2,637
2,651
2,669
BANKBARODA
142
145
147
150
152
BHEL
117
119
121
123
125
BPCL
962
971
978
987
994
BHARTIARTL
348
350
354
357
361
INFRATEL
372
374
377
379
382
BOSCH
22,065
22,155
22,270
22,360
22,475
CIPLA
465
469
471
475
477
COALINDIA
302
305
306
309
310
DRREDDY
3,115
3,127
3,146
3,158
3,177
EICHERMOT
18,581
18,703
18,811
18,933
19,042
GAIL
367
371
375
379
383
GRASIM
4,283
4,308
4,333
4,358
4,383
HCLTECH
722
733
739
750
756
HDFCBANK
1,150
1,156
1,167
1,173
1,184
HDFC
1,240
1,251
1,259
1,270
1,278
HEROMOTOCO
3,083
3,126
3,153
3,197
3,223
HINDALCO
107
108
109
111
112
HINDUNILVR
883
890
899
906
915
ICICIBANK
249
253
257
262
266
IDEA
103
104
106
106
108
INDUSINDBK
1,082
1,098
1,109
1,124
1,135
INFY
1,217
1,228
1,246
1,256
1,274
ITC
359
361
363
365
367
KOTAKBANK
746
753
761
768
776
LT
1,481
1,496
1,505
1,521
1,530
LUPIN
1,408
1,420
1,431
1,442
1,453
M&M
1,370
1,378
1,388
1,396
1,406
MARUTI
4,106
4,133
4,152
4,178
4,197
NTPC
146
147
148
149
151
ONGC
212
214
216
217
219
POWERGRID
148
150
152
154
155
RELIANCE
945
950
954
958
963
SBIN
206
208
210
213
214
SUNPHARMA
729
733
739
744
750
TCS
2,593
2,603
2,616
2,626
2,639
TATAMTRDVR
318
321
323
325
327
TATAMOTORS
460
463
466
469
472
TATAPOWER
72
74
75
77
78
TATASTEEL
334
338
342
346
350
TECHM
529
532
536
539
543
ULTRACEMCO
3,322
3,347
3,369
3,394
3,416
WIPRO
538
541
543
546
548
YESBANK
1,034
1,044
1,055
1,065
1,076
ZEEL
446
451
457
462
468
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Technical & Derivatives Report
June 09, 2016
Research Team Tel: 022 - 39357800
For Technical Queries
For Derivatives Queries
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