Technical & Derivatives Report
August 09, 2016
Sensex (28183) / Nifty (8711)
Exhibit 1: Nifty Daily Chart
Our markets opened higher to begin the new week on a cheerful
note tad above the 8700 mark. However, we witnessed a
lethargic and very narrow range movement throughout the day.
As a result, the Nifty eventually closed almost at the opening level
to register a new 52-week high.
Yesterday’s open above the psychological level of 8700 indicated
strength in the market. However, we do not get a similar picture
after witnessing such a dull close. Trend-wise, undoubtedly, we
are in a strong up trend; but, as mentioned in our previous
reports, we may see Nifty losing its steam after approaching our
near term targets of 8780 - 8830. What we witnessed yesterday
is an early sign of this probable exhaustion. Despite all these
observations, we advise traders not be in a hurry to form short
positions in the market. Rather, look to book out existing long
positions in the upward move towards 8780 - 8830, stay light on
positions for a while and then wait for further developments to
happen on the chart. Meanwhile, adopting a stock specific
approach would be a prudent strategy. On the downside,
immediate support levels are seen around 8680 - 8620 levels.
Key Levels
Support 1 - 8680
Resistance 1 - 8780
Support 2 - 8620
Resistance 2 - 8830
Nifty Bank Outlook - (18939)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index traded in a narrow range yesterday and
ended the session almost near Friday's close.
It was a dull trading day which resulted in formation of a small
body candle on daily chart. Since, there has been no fresh
development on charts yesterday, our view on the index remains
intact. With RBI's Third Bi-monthly Policy Statement for the year
2016 - 17 scheduled today, there could be some volatility in the
individual banking stocks. However, since there are no signs of
trend reversal so far, we continue to advise traders to avoid
creating fresh short positions and revise stop loss on long
positions below last week's low of 18443.65. The intraday
support for the index are placed around 18796 and 18708;
whereas, resistances are seen around 19127 and 19229.
Key Levels
Support 1 - 18796
Resistance 1 - 19127
Support 2 - 18708
Resistance 2 - 19229
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Technical & Derivatives Report
August 09, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.23%
BankNifty futures open interest has increased by 0.27%
as market closed at 8711.35 levels.
The Nifty August future closed with a premium of 30.95
points against a premium of 25.05 points in previous
session. The September series closed at a premium of
78.45 points.
The Implied Volatility of at the money options has
increased from 12.78% to 12.93%.
The total OI of the market is Rs. 2,53,715/- cr. and the
stock futures OI is Rs. 76,690/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, IFCI, HDFCBANK, OFSS and
SOUTHBANK.
Views
OI Gainers
FIIs continue to pour in liquidity in both equities and
OI
PRICE
SCRIP
OI
PRICE
Index Futures. They bought in cash market segment to
CHG. (%)
CHG. (%)
the tune of Rs. 1156 crores. While, they were net buyers
TATAELXSI
1471800
14.71
1748.50
5.83
of Rs. 404 crores in Index Futures with decent rise in OI,
WOCKPHARMA
3367800
14.60
916.95
-10.20
indicating fresh long formation in last trading session.
ABIRLANUVO
3938250
12.34
1620.40
4.33
On Index Options front, FIIs bought of Rs. 838 crores
HEROMOTOCO
1064000
12.05
3470.95
0.90
with some rise in OI. In call options, we hardly saw anyng.com
M&M
7112000
11.98
1506.65
1.20
relevant OI addition; some unwinding was witnessed in
8700 and 8900 call options. While in put options, 8500
OI Losers
and 8700 strikes added decent build-up. Highest OI in
OI
PRICE
August series is visible at 9000 call and 8500 put
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
options.
AMARAJABAT
684600
-30.60
930.25
2.76
FIIs have been continuously buying in Index Futures, we
HINDZINC
5683200
-9.20
221.70
0.77
haven’t witness any signs of reversal yet. Hence, we still
ALBK
12550000
-7.04
77.75
-2.14
maintain our optimistic view on market. Traders should
avoid forming any shorts unless we see any traces of
HDIL
27624000
-5.24
102.10
2.72
profit booking by FIIs.
BHARATFORG
8205600
-5.09
829.35
1.29
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BRITANNIA
49.52
NIFTY
1.00
1.06
COLPAL
38.38
BANKNIFTY
1.12
0.86
TATAELXSI
37.00
ICICIBANK
0.34
0.26
WOCKPHARMA
70.41
INFY
0.29
0.32
IFCI
46.04
LT
0.48
0.40
Strategy Date
Symbol
Strategy
Status
01-08-2016
RELIANCE
Ratio Bear Put Spread
Active
08-08-2016
SBIN
Bull Call Spread
Active
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Technical & Derivatives Report
August 09, 2016
FII Statistics for 08-August 2016
Turnover on 08-August 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1456.73
1052.24
404.49
330901
22082.40
2.55
139732
9614.64
-37.30
FUTURES
FUTURES
INDEX
INDEX
21400.59
20562.48
838.11
933138
61394.14
0.81
1778611
121991.35
-24.27
OPTIONS
OPTIONS
STOCK
5639.31
6251.76
(612.45)
863761
56860.85
1.23
STOCK
FUTURES
581268
39944.43
-6.10
FUTURES
STOCK
STOCK
3547.51
3531.35
16.16
74734
5013.43
10.50
OPTIONS
333810
23175.22
-1.27
OPTIONS
TOTAL
32044.14
31397.83
646.30
2202534
145350.83
1.54
TOTAL
2833421
194725.64
-19.68
Nifty Spot = 8711.35
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8700
119.15
Buy
8700
79.50
50.65
49.35
8750.65
31.25
68.75
8668.75
Sell
8800
68.50
Sell
8600
48.25
Buy
8700
119.15
Buy
8700
79.50
84.20
115.80
8784.20
51.50
148.50
8648.50
Sell
8900
34.95
Sell
8500
28.00
Buy
8800
68.50
Buy
8600
48.25
33.55
66.45
8833.55
20.25
79.75
8579.75
Sell
8900
34.95
Sell
8500
28.00
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
August 09, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,693
1,704
1,720
1,731
1,748
ADANIPORTS
231
236
239
243
246
AMBUJACEM
270
273
275
279
281
ASIANPAINT
1,129
1,139
1,146
1,156
1,163
AUROPHARMA
759
765
774
779
788
AXISBANK
562
566
569
573
576
BAJAJ-AUTO
2,823
2,844
2,881
2,902
2,939
BANKBARODA
152
155
157
160
162
BHEL
134
137
139
143
145
BPCL
575
590
604
619
633
BHARTIARTL
340
346
355
361
371
INFRATEL
370
376
385
391
401
BOSCH
24,948
25,195
25,347
25,595
25,747
CIPLA
527
531
536
540
545
COALINDIA
326
329
331
334
335
DRREDDY
2,994
3,015
3,030
3,051
3,066
EICHERMOT
21,900
22,123
22,302
22,524
22,703
GAIL
378
381
384
387
390
GRASIM
5,221
5,253
5,299
5,331
5,377
HCLTECH
802
810
820
828
837
HDFCBANK
1,239
1,244
1,249
1,254
1,260
HDFC
1,335
1,349
1,360
1,374
1,385
HEROMOTOCO
3,320
3,384
3,470
3,533
3,619
HINDALCO
143
146
149
152
155
HINDUNILVR
917
923
929
935
941
ICICIBANK
243
244
246
247
249
IDEA
100
102
104
105
108
INDUSINDBK
1,177
1,185
1,196
1,204
1,215
INFY
1,056
1,067
1,074
1,086
1,093
ITC
246
248
251
253
257
KOTAKBANK
760
766
774
780
788
LT
1,482
1,495
1,510
1,522
1,537
LUPIN
1,654
1,674
1,693
1,712
1,732
M&M
1,461
1,479
1,492
1,511
1,524
MARUTI
4,937
4,965
4,987
5,014
5,037
NTPC
157
158
160
162
163
ONGC
223
225
226
227
229
POWERGRID
174
176
178
181
183
RELIANCE
1,012
1,021
1,027
1,036
1,043
SBIN
229
231
233
235
238
SUNPHARMA
822
827
836
842
850
TCS
2,612
2,633
2,651
2,672
2,690
TATAMTRDVR
331
333
336
337
340
TATAMOTORS
508
511
517
520
526
TATAPOWER
70
71
72
74
75
TATASTEEL
372
376
380
384
388
TECHM
493
498
501
507
510
ULTRACEMCO
3,704
3,742
3,788
3,826
3,872
WIPRO
543
546
549
552
556
YESBANK
1,249
1,257
1,263
1,272
1,278
ZEEL
492
496
500
505
509
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Technical & Derivatives Report
August 09, 2016
Research Team Tel: 022 - 39357800
For Technical Queries
For Derivatives Queries
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