October 15, 2015

Sensex (26780) / Nifty (8108)

Exhibit 1: Nifty Daily Chart

Yesterday too, our benchmark index opened slightly lower

despite negative cues from other Asian bourses. The soft

opening was mainly led by another IT giant, TCS, as the company

posted lower-than-expected 2QFY2016 numbers post the market

hours on Tuesday.

Yesterday’s price action was a replica of Tuesday’s session, in

fact; the price range was much narrower as the Nifty traded

within merely 43 points. Thus, the intraday movement was very

lethargic. Unlike Tuesday, the Nifty did not recover much and

eventually closed almost at the lowest of the day. The chart

structure remains unchanged and thus, we continue to expect

the Nifty to remain within a small range of 8250 to 8050 whilst

the 8250 mark is likely to act as a major hurdle for the bulls. It’s

advisable to stay light on positions and focus more on stock

specific moves.

Key Levels

Support 1 - 8095

Resistance 1 - 8142

Source: Falcon

Support 2 - 8050

Resistance 2 - 8250

Bank Nifty Outlook - (17555)

Exhibit 2: Bank Nifty Daily Chart

Yesterday, the Bank Nifty opened with a downside gap of nearly

100 points in-line with broader indices. The index then gave a

smart recovery from its initial lows within the first hour of the

trading. This was followed by a lackluster movement to

eventually end the session with the negligible loss.

Yesterday, the Bank Nifty took a support around the ’89 EMA’ in

the hourly chart and then consolidated above it. However, the

index once again failed to move above the resistance of the

neckline of the ‘Inverted Head & Shoulder’, which coincides with

the ’89 EMA’ in the daily chart. Since last few sessions, the

banking index is trading in a range of 17350 to 17850 and a

sustainable move beyond this zone will dictate the further move

in the index. Going forward, the intraday support for the Bank

Nifty is placed at 17400 - 17350 levels; whereas, 17650 and

Source: Falcon

17750 will now act as an intraday resistance zone for the index.

Key Levels

Support 1 - 17400

Resistance 1 - 17650

Support 2 - 17350

Resistance 2 - 17750

October 15, 2015

Comments

Nifty Vs OI

 The Nifty futures open interest has increased by 0.43%

BankNifty futures open interest has increased by 0.75%

as market closed at 8107.90 levels.

 The Nifty October future closed at a premium of 13.50

points against a premium of 7.10 points. The November

series closed at a premium of 53.50 points.

 The Implied Volatility of at the money options has

decreased from 15.79% to 15.39%.

 The total OI of the market is Rs. 2,22,436/- cr. and the

stock futures OI is Rs. 59,780/- cr.

 Few of the liquid counters where we have seen high

cost of carry are GMRINFRA, JPASSOCIAT, UNITECH,

TATAPOWER and JISLJALEQS.

Views

OI Gainers

PRICE

 Yesterday, FIIs were net buyers in cash market segment

SCRIP

PRICE

CHG. (%)

to the tune of Rs. 121 crores. While in Index Futures

ZEEL

9606400

33.21

387.30

-3.54

they were net sellers of Rs. 872 crores with fall in OI,

BEML

195000

17.82

1245.80

1.67

indicating unwinding of longs in last trading session.

TV18BRDCST

14960000

16.40

33.60

-3.45

HINDUNILVR

5217050

12.69

792.40

-2.05

 In Index Options front, FIIs sold of Rs. 919 crores with

INDIACEM

23786000

9.77

81.45

3.23

fall in OI. We hardly saw any strikes adding reasonable

build-up in Nifty options yesterday. 7800 put option

added some build-up. While huge unwinding was

OI Losers

visible in 8100 put options. Maximum OI is seen in 8200

PRICE

SCRIP

PRICE

call and

8000 put options. FIIs were continuously

CHG. (%)

NCC

4480000

-20.23

80.95

-0.67

forming longs in Index Futures but we didn’t see buying

ACC

1015750

-14.67

1379.50

1.59

interest in heavy weight large cap counters. We would

ENGINERSIN

1217800

-7.38

208.80

2.43

suggest being light in Nifty and trading stock specific.

SYNDIBANK

8112000

-6.18

92.45

1.54

HDIL

13894000

-4.73

76.50

-0.52

Historical Volatility

Put-Call Ratio

SCRIP

PCR-OI

PCR-VOL

TCS

30.14

NIFTY

1.00

0.98

ZEEL

36.26

BANKNIFTY

0.95

0.69

BHARATFORG

50.46

INFY

0.31

0.34

HINDUNILVR

25.25

SBIN

0.46

0.45

AUROPHARMA

41.29

TATAMOTORS

0.99

0.77

Strategy Date

Symbol

Strategy

Status

September 28, 2015

NIFTY

Long Strangle

Active

October 05, 2015

SBIN

Ratio Bear Put Spread

Active

October 12, 2015

Long Put Ladder

Active

October 15, 2015

FII Statistics for 14-October 2015

Turnover on 14-October 2015

Open Interest

No. of

Turnover

Change

Detail

Buy

Sell

Net

Instrument

Contracts

( in Cr. )

(%)

Contracts

Value

Change

INDEX

1885.01

2757.64

(872.64)

970490

23255.54

(2.36)

461001

12673.25

-17.18

FUTURES

INDEX

6037.04

6956.90

(919.87)

2227933

70029.09

(1.42)

4242236

95191.63

-29.81

OPTIONS

STOCK

2179.16

2867.54

(688.38)

1801612

47455.38

0.31

FUTURES

744279

20180.27

3.30

FUTURES

STOCK

1693.16

1718.22

(25.05)

132504

3566.89

3.17

STOCK

502979

14088.3

4.94

OPTIONS

TOTAL

11794.36

14300.31

(2505.95)

5132539

144306.90

(0.88)

TOTAL

5950495

142133.45

-22.70

Nifty Spot = 8107.90

Lot Size = 25

Bull-Call Spreads

Bear-Put Spreads

Action

Strike

Price

Risk

Reward

BEP

Action

Strike

Price

Risk

Reward

BEP

Buy

8200

60.80

8100

92.50

32.70

67.30

8232.70

32.60

67.40

8067.40

Sell

8300

28.10

8000

59.90

Buy

8200

60.80

8100

92.50

49.30

150.70

8249.30

54.50

145.50

8045.50

Sell

8400

11.50

7900

38.00

Buy

8300

28.10

8000

59.90

16.60

83.40

8316.60

21.90

78.10

7978.10

Sell

8400

11.50

7900

38.00

Note: Above mentioned Bullish or Bearish Spreads in Nifty (Oct. Series) are given as an information and not as a recommendation.

Nifty Put-Call Analysis

October 15, 2015

Daily Pivot Levels for Nifty 50 Stocks

Scrips

PIVOT

ACC

1,343

1,359

1,369

1,386

1,395

AMBUJACEM

208

209

210

211

212

ASIANPAINT

854

858

864

868

873

AXISBANK

485

490

493

499

502

BAJAJ-AUTO

2,402

2,420

2,450

2,468

2,497

BANKBARODA

171

172

174

176

178

BHARTIARTL

338

342

346

350

354

BHEL

201

203

206

208

212

BOSCHLTD

20,842

21,014

21,172

21,344

21,502

BPCL

854

858

865

869

875

CAIRN

153

156

161

164

170

CIPLA

653

666

673

686

693

COALINDIA

330

333

336

338

342

DRREDDY

4,132

4,165

4,212

4,245

4,292

GAIL

309

313

317

321

325

GRASIM

3,602

3,619

3,639

3,656

3,676

HCLTECH

819

826

833

840

846

HDFC

1,265

1,280

1,288

1,303

1,312

HDFCBANK

1,060

1,072

1,079

1,092

1,099

HEROMOTOCO

2,458

2,479

2,514

2,535

2,570

HINDALCO

HINDUNILVR

772

784

800

812

828

ICICIBANK

280

282

283

285

287

IDEA

148

149

152

153

155

INDUSINDBK

937

943

953

959

969

INFY

1,072

1,085

1,100

1,113

1,128

ITC

341

343

344

346

347

KOTAKBANK

644

648

655

660

667

1,524

1,532

1,543

1,551

1,562

LUPIN

2,005

2,036

2,057

2,088

2,109

M&M

1,267

1,277

1,284

1,294

1,301

MARUTI

4,209

4,229

4,262

4,283

4,316

NMDC

100

102

NTPC

123

125

126

128

129

ONGC

247

251

257

261

267

PNB

133

134

136

137

139

POWERGRID

132

133

134

RELIANCE

890

896

901

907

912

SBIN

241

243

245

246

248

VEDL

103

105

109

111

115

SUNPHARMA

874

879

886

891

899

TATAMOTORS

345

349

355

358

364

TATAPOWER

TATASTEEL

239

244

248

253

258

TCS

2,436

2,460

2,504

2,528

2,572

TECHM

533

541

553

560

572

ULTRACEMCO

2,867

2,887

2,911

2,931

2,955

WIPRO

573

578

586

591

600

YESBANK

725

732

737

744

750

ZEEL

369

378

389

398

410

October 15, 2015

Research Team Tel: 022 - 39357800

Website: www.angelbroking.com

For Technical Queries

E-mail: [email protected]

For Derivatives Queries

E-mail: [email protected]

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