Technical & Derivatives Report
March 15, 2016
Sensex (24804) / Nifty (7539)
Exhibit 1: Nifty Daily Chart
Yesterday, the Nifty opened with the gains of half a percent
owing to positive global cues. Post the positive momentum of
initial hour of the trade, the index started correcting and
continued to make lower lows. However, Nifty traded in
positive territory throughout the session and closed with the
gains of 0.38 percent over its previous close.
Once again, Nifty struggled to sustain above the resistance of
7550 - 7580 levels, which is previous breakdown level on the
daily chart and also coincides with the ‘89 DEMA’ and 50%
retracement level of the previous down move from 8336.30 to
6825.80. Yesterday, we witnessed a formation of a ‘Doji’
candle, which can be a short term reversal trigger on a close
below 7515 levels. Going forward, immediate resistance for
the Nifty is placed at 7550 - 7600 levels; whereas, intraday
support levels are seen at 7515 - 7460 levels.
Key Levels
Support 1 - 7515
Resistance 1 - 7550
Support 2 - 7460
Resistance 2 -
7600
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (15278)
In line with the benchmark indices, the Nifty Bank index has
also seen a gap up opening and moved higher in first hour of
the trade. However, we witnessed a correcting price action in
remaining part of the day. Eventually, the Nifty Bank index
ended the session with the gains of 0.72 percent over its
previous trade.
After the range bound move in last week, yesterday also, the
banking index traded within the range of 15000 - 15450. Till
the time, Nifty Bank index doesn’t move decisively above the
higher end of mentioned range, it would be difficult for index
to pick momentum. In near term, major resistance for the
index is seen around the January month's high of
15700,
which coincides with daily
‘89EMA’. Going forward, the
intraday support for the index are placed around 15140 and
15000 levels; whereas, resistances are seen around 15452
and 15700.
Key Levels
Support 1 - 15140
Resistance 1 - 15452
Support 2 - 15000
Resistance 2 - 15700
1
Technical & Derivatives Report
March 15, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 0.10%
BankNifty futures open interest has increased by 1.30%
as market closed at 7538.75 levels.
The Nifty March future closed at a premium of 8.10
points against a premium of 2.00 points. The April series
closed at a premium of 45.10 points.
The Implied Volatility of at the money options has
increased from 14.33% to 14.70%.
The total OI of the market is Rs. 2,27,201/- cr. and the
stock futures OI is Rs. 55,750/- cr.
Few of the liquid counters where we have seen high cost
of carry are UCOBANK, UNITECH, GMRINFRA, NCC
and FEDERALBNK.
Views
OI Gainers
FIIs continue buying in both cash and F&O segment.
OI
PRICE
SCRIP
OI
PRICE
They bought equities to the tune of Rs. 1036 crores.
CHG. (%)
CHG. (%)
While in Index Futures, they were net buyers of Rs. 861
CUMMINSIND
78600
35.05
847.25
-0.53
crores with marginal in OI, suggesting blend of both
HEXAWARE
2538000
12.70
261.85
1.91
long formation and short covering in last trading session.
JSWENERGY
5712000
9.17
68.30
0.00
In Index Options front, FIIs bought of Rs. 238 with some
GRANULES
2905000
8.80
125.55
-1.18
rise in OI. The overall activity in both call and put options
IOB
13594000
7.65
26.90
2.87
was subdued but 7600 call and 7500 put strike were
comparatively active. Maximum OI in current series is
OI Losers
visible in 7500 call and 7200 put options. Despite
OI
PRICE
SCRIP
OI
PRICE
market trading in a narrow range, FIIs continue to pour
CHG. (%)
CHG. (%)
in liquidity in our market. While in Index Future too they
ONGC
21978000
-6.60
208.50
1.44
have been buying in a good way. Seeing the above data,
MINDTREE
2851200
-6.58
654.15
-1.46
we suggest to trade with a positive bias.
KOTAKBANK
8232700
-4.46
640.15
-0.94
BPCL
7048800
-3.99
806.50
0.07
MARUTI
3027000
-3.04
3658.25
0.33
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
DLF
75.04
NIFTY
0.96
0.93
WOCKPHARMA
80.61
BANKNIFTY
1.06
0.87
UCOBANK
77.29
SBIN
0.75
0.53
HDIL
69.47
ICICIBANK
0.91
0.50
SAIL
60.92
RELIANCE
0.52
0.39
Strategy Date
Symbol
Strategy
Status
February 29, 2016
RELIANCE
Ratio Bull Call Spread
Active
March 05, 2016
BHEL
Long Call Ladder
Active
March 12, 2016
NIFTY
Ratio Bull Call Spread
Not Activated
2
Technical & Derivatives Report
March 15, 2016
FII Statistics for 14-March 2016
Turnover on 14-March 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1865.95
1004.88
861.08
313185
17261.62
0.38
262278
13759.52
-27.83
FUTURES
FUTURES
INDEX
INDEX
21289.19
21050.58
238.61
1378144
76811.93
0.63
2716761
150455.99
-27.85
OPTIONS
OPTIONS
STOCK
2677.79
2930.91
(253.12)
1038751
47035.85
(0.73)
STOCK
FUTURES
421534
19508.42
-16.81
FUTURES
STOCK
STOCK
1808.52
1778.26
30.26
77097
3519.19
4.60
OPTIONS
299995
13942.44
12.50
OPTIONS
TOTAL
27641.46
26764.63
876.83
2807177
144628.59
0.20
TOTAL
3700568
197666.37
-24.97
Nifty Spot = 7538.75
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7600
70.95
Buy
7500
78.15
35.50
64.50
7635.50
30.25
69.75
7469.75
Sell
7700
35.45
Sell
7400
47.90
Buy
7600
70.95
Buy
7500
78.15
55.05
144.95
7655.05
49.20
150.80
7450.80
Sell
7800
15.90
Sell
7300
28.95
Buy
7700
35.45
Buy
7400
47.90
19.55
80.45
7719.55
18.95
81.05
7381.05
Sell
7800
15.90
Sell
7300
28.95
Note: Above mentioned Bullish or Bearish Spreads in Nifty (March Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
3
Technical & Derivatives Report
March 15, 2016
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,226
1,231
1,235
1,240
1,244
ADANIPORTS
225
229
233
237
241
AMBUJACEM
200
202
204
206
208
ASIANPAINT
882
891
897
906
912
AXISBANK
408
412
417
421
426
BAJAJ-AUTO
2,286
2,302
2,317
2,332
2,348
BANKBARODA
139
140
142
143
144
BHARTIARTL
328
334
338
345
348
BHEL
101
103
105
108
109
BOSCHLTD
17,385
17,688
18,053
18,356
18,722
BPCL
789
797
805
813
821
CAIRN
145
149
150
154
155
CIPLA
524
531
537
544
551
COALINDIA
289
293
296
300
303
DRREDDY
3,156
3,195
3,221
3,260
3,286
GAIL
335
339
344
348
354
GRASIM
3,542
3,565
3,596
3,619
3,650
HCLTECH
818
823
827
832
835
HDFC
1,132
1,145
1,160
1,174
1,188
HDFCBANK
1,018
1,023
1,030
1,035
1,043
HEROMOTOCO
2,783
2,799
2,818
2,835
2,853
HINDALCO
83
84
85
86
87
HINDUNILVR
839
848
854
863
869
ICICIBANK
217
219
221
223
225
IDEA
100
100
102
103
104
INDUSINDBK
910
915
924
929
938
INFY
1,129
1,135
1,145
1,151
1,160
ITC
320
323
324
327
328
KOTAKBANK
622
630
640
647
657
LT
1,161
1,172
1,190
1,201
1,218
LUPIN
1,842
1,855
1,865
1,879
1,888
M&M
1,187
1,199
1,218
1,230
1,249
MARUTI
3,596
3,622
3,653
3,679
3,710
NTPC
125
126
127
128
129
ONGC
204
206
208
210
211
PNB
81
81
82
83
84
POWERGRID
137
138
138
139
140
RELIANCE
1,006
1,013
1,020
1,026
1,033
SBIN
179
181
182
183
185
VEDL
87
88
89
90
92
SUNPHARMA
848
855
866
873
884
TATAMOTORS
354
360
365
372
377
TATAPOWER
59
59
59
60
60
TATASTEEL
292
295
297
300
302
TCS
2,306
2,331
2,364
2,389
2,422
TECHM
453
461
467
476
481
ULTRACEMCO
2,963
2,986
3,005
3,028
3,048
WIPRO
534
537
540
544
547
YESBANK
790
796
803
809
816
ZEEL
392
396
402
406
412
4
Technical & Derivatives Report
March 15, 2016
Research Team Tel: 022 - 39357800
For Technical Queries
For Derivatives Queries
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