Technical & Derivatives Report
December 11, 2015
Sensex (25252) / Nifty (7683)
Exhibit 1: Nifty Daily Chart
Yesterday, our market opened slightly higher as indicated by
the SGX Nifty. The bulls then convincingly managed to defend
the 7600 mark throughout the remaining part of the session.
In fact, the momentum accelerated towards the fag end to
close with nearly a percent gains.
The Nifty finally managed to snap the six days losing streak,
which was on cards also after a relentless correction of nearly
350 points from the high. If we combine last two days price
action then we can observe a 'Bullish Harami' pattern which
needs to be confirmed. The said pattern will get activated
above Wednesday's high of 7703. In this scenario, at least a
bounce back towards 7800 - 7820 cannot be ruled out. On
the flipside, a failure to do may result into resumption of the
downward movement towards 7600 - 7540 can not be ruled
out. Traders are advised to stay light on positions as the
market is lacking a clear direction.
Key Levels
Support 1 - 7600
Resistance 1 - 7703
Support 2 - 7540
Resistance 2 - 7760
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (16711)
Yesterday, the Bank Nifty opened with marginal gains and
started correcting in the first half of the session. However,
decent buying interest was seen around the pre-mentioned
support zone of 16580 - 16600 in the later half of the session
and as a result, the banking index trimmed all its intraday
losses. Eventually, the Bank Nifty ended the session with
marginal gains of 0.30 percent over its previous close.
After the bearish momentum of last seven trading session, we
witnessed a good traction in the Bank Nifty. Yesterday’s price
action depicts a formation of a ‘Dragonfly Doji’ pattern on the
daily chart. Foration of such pattern around the support zone
can become a reversal trigger on a follow up closing above
yesterdays’ high of 16745.25. Going forward, the intraday
support for the Bank Nifty is placed at 16570 - 16400 levels.
On the flipside, 16780 and 16940 levels may act as intraday
resistances for the index.
Key Levels
Support 1 - 16570
Resistance 1 - 16780
Support 2 - 16400
Resistance 2 - 16940
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Technical & Derivatives Report
December 11, 2015
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 2.92%
BankNifty futures open interest has increased by 7.41%
as market closed at 7683.30 levels.
The Nifty December future closed at a premium of 27.45
points against a premium of 31.85 points. The January
series closed at a premium of 64.05 points.
The Implied Volatility of at the money options has
decreased from 15.19% to 14.94%.
The total OI of the market is Rs. 2,22,970/- cr. and the
stock futures OI is Rs. 63,288/- cr.
Few of the liquid counters where we have seen high cost
of carry are UBL, JISLJALEQS, IFCI, UNITECH and
JINDALSTEL.
Views
OI Gainers
FIIs were net sellers in both Equity Cash and Index Future
OI
PRICE
SCRIP
OI
PRICE
segment. In Equity Cash, they were net seller to the tune
CHG. (%)
CHG. (%)
of Rs. 580 crores. While in Index Futures they continue to
MINDTREE
368800
18.97
1482.15
4.21
sell of worth Rs. 120 crores with decent rise in open
APOLLOHOSP
706000
14.61
1401.55
2.76
interest, indicating blend of long and short build-up in
UNIONBANK
15555000
11.43
149.95
-4.58
last trading session.
BATAINDIA
4659000
9.49
446.15
-3.01
In Index Options front, FIIs bought of Rs. 220 crores with
IRB
5586000
8.09
237.55
-1.53
good amount of rise in OI. In both Call and Put options,
we hardly witness any meaningful OI addition. Maximum
OI Losers
OI still remains in 8000 call and 7500 put options. We
OI
PRICE
believe that the Nifty is trading around the lower side of
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
the range and any positive trigger may pull the index
OFSS
141150
-5.81
3804.00
2.98
back to 7850-7900 mark. Seeing Index Options data we
RELIANCE
25192500
-4.86
952.65
3.39
believe, 7500 is a very strong support for the market.
CEATLTD
2032100
-4.76
1021.80
2.94
Traders are advised to take positions accordingly.
TECHM
7599000
-4.02
541.00
2.17
NTPC
20752000
-3.57
133.45
2.14
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
HAVELLS
56.31
NIFTY
0.79
0.70
MINDTREE
34.47
BANKNIFTY
1.05
0.67
RELIANCE
33.84
SBIN
0.42
0.45
UNIONBANK
46.05
LT
0.54
0.48
NTPC
25.16
DRREDDY
0.46
0.49
Strategy Date
Symbol
Strategy
Status
November 30, 2015
LT
Long Put
Active
December 07, 2015
BANKNIFTY
Raito Bear Put Spread
Active
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Technical & Derivatives Report
December 11, 2015
FII Statistics for 10-December 2015
Turnover on 10-December 2015
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1345.39
1465.74
(120.35)
269901
15145.12
1.59
219835
12039.82
-16.23
FUTURES
FUTURES
INDEX
INDEX
15038.98
14818.76
220.22
1278639
72974.03
2.86
2083075
120147.42
-21.42
OPTIONS
OPTIONS
STOCK
STOCK
2938.84
3141.74
(202.90)
1012457
49190.70
1.06
FUTURES
447755
22417.75
-2.98
FUTURES
STOCK
1842.84
1856.64
(13.80)
59305
2867.65
6.68
STOCK
OPTIONS
246309
12764.06
-6.19
OPTIONS
TOTAL
21166.05
21282.88
(116.83)
2620302
140177.49
2.11
TOTAL
2996974
167369.06
-17.95
Nifty Spot = 7683.30
Lot Size = 25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7700
113.75
Buy
7700
104.85
46.90
53.10
7746.90
36.00
64.00
7664.00
Sell
7800
66.85
Sell
7600
68.85
Buy
7700
113.75
Buy
7700
104.85
78.05
121.95
7778.05
60.40
139.60
7639.60
Sell
7900
35.70
Sell
7500
44.45
Buy
7800
66.85
Buy
7600
68.85
31.15
68.85
7831.15
24.40
75.60
7575.60
Sell
7900
35.70
Sell
7500
44.45
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Dec. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
3
Technical & Derivatives Report
December 11, 2015
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,295
1,310
1,320
1,335
1,345
ADANIPORTS
239
243
246
250
253
AMBUJACEM
186
188
190
192
194
ASIANPAINT
835
847
854
866
873
AXISBANK
440
445
450
455
459
BAJAJ-AUTO
2,369
2,406
2,429
2,466
2,489
BANKBARODA
154
156
159
162
165
BHARTIARTL
306
309
312
315
318
BHEL
163
165
168
170
173
BOSCHLTD
18,138
18,366
18,558
18,786
18,978
BPCL
853
878
893
919
933
CAIRN
125
126
127
127
128
CIPLA
614
626
633
644
652
COALINDIA
306
308
310
313
315
DRREDDY
2,929
2,962
3,000
3,033
3,071
GAIL
331
337
342
349
354
GRASIM
3,638
3,675
3,697
3,734
3,756
HCLTECH
831
838
844
851
857
HDFC
1,143
1,163
1,174
1,194
1,205
HDFCBANK
1,034
1,048
1,055
1,068
1,076
HEROMOTOCO
2,518
2,533
2,554
2,569
2,589
HINDALCO
74
75
75
76
77
HINDUNILVR
801
808
820
827
838
ICICIBANK
253
256
259
262
265
IDEA
132
133
135
136
137
INDUSINDBK
914
922
927
935
940
INFY
1,022
1,035
1,043
1,056
1,064
ITC
315
318
320
323
325
KOTAKBANK
659
668
674
684
690
LT
1,293
1,302
1,310
1,319
1,327
LUPIN
1,654
1,694
1,729
1,769
1,804
M&M
1,262
1,277
1,298
1,312
1,334
MARUTI
4,361
4,430
4,475
4,543
4,588
NTPC
129
131
132
135
136
ONGC
212
216
219
222
225
PNB
126
128
130
131
133
POWERGRID
129
130
130
131
132
RELIANCE
908
929
941
963
975
SBIN
227
229
233
236
239
VEDL
80
82
83
84
86
SUNPHARMA
717
737
753
773
790
TATAMOTORS
376
383
392
399
408
TATAPOWER
62
62
63
63
63
TATASTEEL
223
228
231
236
240
TCS
2,337
2,361
2,376
2,400
2,415
TECHM
518
528
534
545
551
ULTRACEMCO
2,709
2,761
2,793
2,846
2,878
WIPRO
555
560
565
570
575
YESBANK
691
699
710
719
730
ZEEL
381
392
398
408
414
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Technical & Derivatives Report
December 11, 2015
Research Team Tel: 022 - 39357800
For Technical Queries
For Derivatives Queries
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