Technical & Derivatives Report
November 09, 2015
Sensex (26265) / Nifty (7954)
Exhibit 1: Nifty Daily Chart
Post the flat opening in our markets on Friday, the benchmark
indices remained volatile throughout the session and eventually
ended on a flat note. It was an eventful week for the market with
a lot of index heavyweights posting their quarterly (2QFY2016)
numbers. The corporate numbers, more or less, had a mixed
impact on the market.
The Nifty has made a ‘Doji’ candle on Friday around the 50%
retracement levels of the recent up move. Since, the Bihar’s
election results were not in favor of BJP, the support of 7900 -
7920 may get breached and we may see further correction in the
index towards 7845 and 7800 levels. On the flipside, Friday’s
high of 8002.65 would now act as a strong resistance for the
Nifty and any sustainable move above the same may pull the
index to 8100 mark.
Key Levels
Support 1 - 7845
Resistance 1 - 8003
Support 2 - 7800
Resistance 2 - 8100
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (17087)
The Bank Nifty opened on a flat note on Friday and started
correcting in the initial trades as the subdued result of Bank of
Baroda has dampened the sentiments. However, the result of
other PSU heavyweights viz SBI and PNB had came as a rise of
hope and as a result the banking index rallied by more than 200
points from its intraday lows. Eventually, the Bank Nifty has
outperformed the benchmark indices by giving a close with the
gains of 0.54 percent over its previous close. The weekly chart of
Bank Nifty shows a continuation in downward moves in upcoming
sessions too. But, since, the Bank Nifty is moving around a
support of 50% retracement levels of the previous up move from
15762.20 to 18029.05, a minor pull back towards 17265 -
17400 cannot be ruled out. Going forward, the immediate
support for Bank Nifty index are placed around 16895 and
16620 levels
Key Levels
Support 1 - 16895
Resistance 1 - 17265
Support 2 - 16620
Resistance 2 - 17400
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Technical & Derivatives Report
November 09, 2015
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.96%
BankNifty futures open interest has increased by 1.51%
as market closed at 7954.30 levels.
The Nifty November future closed at a premium of 23.10
points against a premium of
33.95 points. The
December series closed at a premium of 67.75 points.
The Implied Volatility of at the money options has
increased from 18.93% to 19.42%.
The total OI of the market is Rs. 2,16,396/- cr. and the
stock futures OI is Rs. 60,051/- cr.
Few of the liquid counters where we have seen high cost
of carry are UBL, GMRINFRA, SOUTHBANK, UNITECH
and ADANIPOWER.
OI Gainers
Views
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
FIIs were net buyers in cash market segment to the tune
DRREDDY
1820550
54.73
3650.45
-14.43
of Rs. 219 crores. While in Index Futures they sold of Rs.
IDFC
51961800
14.21
55.70
-6.86
649 crores with decent fall in OI, which indicates long
ENGINERSIN
1694000
11.43
185.80
-1.95
unwinding in last trading session.
ICICIBANK
67155100
5.41
268.60
-1.00
In Index Options front, they sold of worth Rs. 837 crores
MOTHERSUMI
10525500
5.39
266.90
9.70
with good amount of rise in OI. In call options 8200 and
8300 strikes are continuously adding fresh OI from past
OI Losers
few trading sessions. We believe these are mostly short
OI
PRICE
formations and 8300 may act as a wall of resistance.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
While in put options, we hardly saw any strike adding
JSWENERGY
5784000
-13.70
86.00
-4.34
reasonable build-up, 7700 put options was most active
ARVIND
3823300
-10.33
284.25
1.43
strike in put options. Maximum build-up is visible in
BEML
302500
-8.75
1109.05
0.54
8200 call and 7800 put options. We believe the support
IOB
13916000
-8.47
30.10
1.52
of 7800 may be tested very soon.
CESC
1943000
-8.26
538.35
-3.63
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
0.83
0.73
DRREDDY
79.18
RECLTD
68.76
BANKNIFTY
0.74
0.71
LT
0.44
0.35
EICHERMOT
39.82
MOTHERSUMI
65.07
SBIN
0.60
0.60
AXISBANK
0.35
0.44
PFC
59.68
Strategy Date
Symbol
Strategy
Status
November 02, 2015
RELIANCE
Short Strangle
Active
2
Technical & Derivatives Report
November 09, 2015
FII Statistics for 06-November 2015
Turnover on 06-November 2015
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1712.08
2360.75
(648.66)
273898
16020.09
(4.29)
258319
14622.56
2.07
FUTURES
FUTURES
INDEX
INDEX
20690.43
21527.61
(837.18)
1109090
65446.61
4.60
2360931
140852.69
14.37
OPTIONS
OPTIONS
STOCK
STOCK
3194.41
3629.81
(435.40)
932586
46046.06
0.39
FUTURES
587792
28969.81
27.14
FUTURES
STOCK
2643.11
2700.00
(56.90)
58543
2869.57
9.15
STOCK
OPTIONS
349884
17734.11
40.89
OPTIONS
TOTAL
28240.03
30218.17
(1978.14)
2374117
130382.32
1.94
TOTAL
3556928
202179.36
16.96
Nifty Spot = 7954.30
Lot Size = 25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8000
129.55
Buy
7900
108.30
44.15
55.85
8044.15
32.90
67.10
7867.10
Sell
8100
85.40
Sell
7800
75.40
Buy
8000
129.55
Buy
7900
108.30
77.80
122.20
8077.80
56.20
143.80
7843.80
Sell
8200
51.75
Sell
7700
52.10
Buy
8100
85.40
Buy
7800
75.40
33.65
66.35
8133.65
23.30
76.70
7776.70
Sell
8200
51.75
Sell
7700
52.10
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Nov. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
3
Technical & Derivatives Report
November 09, 2015
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,361
1,373
1,383
1,394
1,404
ADANIPORTS
278
282
285
288
291
AMBUJACEM
204
207
209
211
213
ASIANPAINT
790
795
806
811
822
AXISBANK
456
461
464
469
472
BAJAJ-AUTO
2,392
2,411
2,430
2,449
2,468
BANKBARODA
130
148
159
177
188
BHARTIARTL
308
323
333
349
358
BHEL
178
185
191
197
203
BOSCHLTD
18,696
19,030
19,608
19,943
20,520
BPCL
883
890
895
901
906
CAIRN
148
149
151
152
154
CIPLA
639
649
661
670
682
COALINDIA
328
335
340
347
352
DRREDDY
3,169
3,400
3,846
4,077
4,523
GAIL
279
284
290
294
300
GRASIM
3,628
3,659
3,689
3,719
3,749
HCLTECH
868
877
883
892
898
HDFC
1,188
1,197
1,211
1,219
1,233
HDFCBANK
1,068
1,074
1,082
1,088
1,095
HEROMOTOCO
2,563
2,602
2,638
2,676
2,713
HINDALCO
79
80
81
82
83
HINDUNILVR
790
795
801
805
811
ICICIBANK
262
265
267
270
272
IDEA
135
137
139
141
143
INDUSINDBK
902
912
918
927
933
INFY
1,114
1,126
1,135
1,147
1,156
ITC
333
335
337
340
342
KOTAKBANK
638
647
656
666
675
LT
1,364
1,371
1,379
1,385
1,393
LUPIN
1,789
1,823
1,847
1,881
1,905
M&M
1,188
1,219
1,244
1,275
1,300
MARUTI
4,459
4,491
4,513
4,545
4,567
NTPC
132
134
136
138
141
ONGC
243
247
252
256
261
PNB
125
129
132
136
139
POWERGRID
128
129
131
133
134
RELIANCE
932
942
948
959
965
SBIN
228
236
240
248
252
SUNPHARMA
88
90
93
95
98
TATAMOTORS
787
795
809
817
831
TATAPOWER
386
391
398
403
410
TATASTEEL
65
66
68
69
71
TCS
212
216
219
223
226
TECHM
2,468
2,487
2,502
2,522
2,537
ULTRACEMCO
521
527
532
538
544
VEDL
2,601
2,697
2,871
2,967
3,141
WIPRO
564
567
570
573
576
YESBANK
737
748
761
771
784
ZEEL
385
392
402
408
418
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Technical & Derivatives Report
November 09, 2015
Research Team Tel: 022 - 39357800
For Technical Queries
For Derivatives Queries
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