Technical & Derivatives Report
December 15, 2015
Sensex (25150) / Nifty (7650)
Exhibit 1: Nifty Daily Chart
Opening session of the week began with a downside gap
considering extremely negative global cues. However, the bulls
showed tremendous resilience near day’s low to shrug off
these negative developments. The Nifty recovered sharply to
end the session with half a percent gains.
Considering yesterday’s recovery from the low of 7551 proved
significance of September month low of 7539.50. In addition,
the ‘Two Points Positive Divergence’ in the daily ‘RSI’
momentum oscillator is also contributing in this bounce. We
maintain our view that so long as Nifty manages to hold the
7540 mark, we may witness an immediate bounce towards
7700 - 7800 levels. We recommend trading with a proper exit
strategy and avoiding undue risks.
Key Levels
Support 1 - 7600
Resistance 1 - 7700
Support 2 - 7540
Resistance 2 - 7800
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (16351)
Yesterday, the Bank Nifty opened with a downside gap of
nearly 130 points and started moving higher from the first tick.
The banking index continued to move upwards in the first half
of the session. However, we witnessed a decent correction in
the latter half of the session and as a result, the Bank Nifty
ended the session with negligible gains of 0.05 percent over
its previous close.
As indicated in our previous report, the Bank Nifty precisely
took the support at the reversal zone of the Bullish Harmonic
Pattern called ‘Bullish Gartley’ on the daily chart. Going
forward, the index has strong a support zone at 16200 -
16150 levels and sustenance above these levels may pull the
index towards 16580 - 16700 levels.
Key Levels
Support 1 - 16200
Resistance 1 - 16580
Support 2 - 16150
Resistance 2 - 16700
1
Technical & Derivatives Report
December 15, 2015
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 2.25%
BankNifty futures open interest has decreased by 1.79%
as market closed at 7650.05 levels.
The Nifty December future closed at a premium of 17.95
points against a premium of 17.45 points. The January
series closed at a premium of 52.00 points.
The Implied Volatility of at the money options has
increased from 15.63% to 17.29%.
The total OI of the market is Rs. 2,33,217/- cr. and the
stock futures OI is Rs. 63,487/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, ADANIPOWER, UCOBANK,
GMRINFRA and SAIL.
Views
OI Gainers
Yesterday, FIIs activity remained subdued in both Equity
OI
PRICE
SCRIP
OI
PRICE
Cash and Index Future segment. They sold equities to the
CHG. (%)
CHG. (%)
tune of Rs. 157 crores. While in Index Futures, they were
TV18BRDCST
32555000
18.87
39.05
3.86
net buyer worth Rs. 165 crores with significant rise in
HINDUNILVR
3427200
7.01
839.90
1.89
open interest, indicating blend of long and short build-up
INFRATEL
2186600
6.25
392.05
-0.29
in last trading session.
ABIRLANUVO
778000
6.03
1948.50
0.06
In Index Options front, FIIs bought of
Rs. 1260 crores
CESC
2553000
5.32
520.70
0.20
with good amount of OI addition. In Call options, we
saw marginal build-up in 7800 and 7900 strikes. While,
OI Losers
in Put options, 7500 strike has added huge positions.
OI
PRICE
Maximum OI still remains in 8000 call and 7500 put
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
options. We believe that the Nifty is trading around the
EICHERMOT
240800
-5.66
15410.35
-1.38
lower side of the range and any positive trigger may pull
ENGINERSIN
1590600
-4.87
216.35
3.96
the index back to
7850-7900 mark. Seeing Index
HINDALCO
49885000
-4.10
79.00
3.00
Options data we believe, 7500 is a very strong support
SUNPHARMA
15699000
-3.65
769.60
1.31
for the market. Traders are advised to take positions
PFC
14960000
-3.53
200.75
2.74
accordingly.
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
NIFTY
0.81
0.78
SCRIP
HV
BANKNIFTY
0.93
0.69
ADANIPORTS
40.37
SBIN
0.46
0.51
STAR
37.93
LT
0.49
0.55
JSWSTEEL
43.77
RELIANCE
0.61
0.71
ACC
22.19
Strategy Date
Symbol
Strategy
Status
November 30, 2015
LT
Long Put
Profit Booked on Dec 11, 2015
December 07, 2015
BANKNIFTY
Raito Bear Put Spread
Active
December 14, 2015
HINDALCO
Long Call
Active
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Technical & Derivatives Report
December 15, 2015
FII Statistics for 14-December 2015
Turnover on 14-December 2015
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
1585.98
1421.25
164.73
283673
15765.23
5.26
262513
14269.25
-11.25
FUTURES
FUTURES
INDEX
INDEX
21152.13
19891.67
1260.46
1359852
77204.69
4.39
2619809
149666.77
-2.05
OPTIONS
OPTIONS
STOCK
STOCK
2859.85
2735.70
124.15
1021603
49273.91
0.45
FUTURES
416496
20459.48
-14.58
FUTURES
STOCK
2258.22
2290.07
(31.85)
71151
3392.01
9.51
STOCK
OPTIONS
255577
13090.92
-6.61
OPTIONS
TOTAL
27856.17
26338.68
1517.49
2736279
145635.84
3.09
TOTAL
3554395
197486.42
-4.52
Nifty Spot = 7650.05
Lot Size = 25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7700
94.75
Buy
7600
87.45
41.55
58.45
7741.55
27.95
72.05
7572.05
Sell
7800
53.20
Sell
7500
59.50
Buy
7700
94.75
Buy
7600
87.45
67.80
132.20
7767.80
48.25
151.75
7551.75
Sell
7900
26.95
Sell
7400
39.20
Buy
7800
53.20
Buy
7500
59.50
26.25
73.75
7826.25
20.30
79.70
7479.70
Sell
7900
26.95
Sell
7400
39.20
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 15, 2015
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,300
1,321
1,333
1,354
1,366
ADANIPORTS
233
244
250
260
266
AMBUJACEM
187
190
192
195
198
ASIANPAINT
844
860
869
885
894
AXISBANK
422
427
434
439
446
BAJAJ-AUTO
2,351
2,380
2,404
2,433
2,457
BANKBARODA
151
154
156
159
162
BHARTIARTL
300
303
307
310
314
BHEL
162
165
167
169
171
BOSCHLTD
17,777
17,995
18,222
18,440
18,667
BPCL
873
882
892
900
910
CAIRN
121
123
124
126
128
CIPLA
625
631
637
644
650
COALINDIA
300
308
313
321
326
DRREDDY
2,927
2,969
2,993
3,035
3,059
GAIL
331
336
340
345
349
GRASIM
3,519
3,585
3,652
3,718
3,785
HCLTECH
813
827
840
854
866
HDFC
1,141
1,164
1,180
1,203
1,219
HDFCBANK
1,032
1,043
1,052
1,063
1,071
HEROMOTOCO
2,476
2,506
2,530
2,560
2,585
HINDALCO
74
77
78
80
81
HINDUNILVR
803
821
832
850
861
ICICIBANK
242
245
249
252
256
IDEA
128
132
134
137
139
INDUSINDBK
895
905
913
923
932
INFY
1,038
1,054
1,064
1,079
1,089
ITC
315
317
320
323
325
KOTAKBANK
657
666
672
680
686
LT
1,249
1,262
1,277
1,290
1,305
LUPIN
1,707
1,727
1,743
1,763
1,779
M&M
1,202
1,243
1,270
1,311
1,338
MARUTI
4,428
4,502
4,546
4,621
4,665
NTPC
131
132
133
134
135
ONGC
210
212
213
215
216
PNB
119
122
123
126
128
POWERGRID
125
127
128
129
131
RELIANCE
937
946
955
964
972
SBIN
222
224
226
228
230
VEDL
81
83
84
86
87
SUNPHARMA
746
757
765
777
784
TATAMOTORS
356
364
369
377
382
TATAPOWER
60
61
62
62
63
TATASTEEL
234
239
244
250
255
TCS
2,309
2,344
2,365
2,400
2,422
TECHM
521
532
539
550
557
ULTRACEMCO
2,748
2,789
2,817
2,858
2,886
WIPRO
556
561
566
571
576
YESBANK
659
671
680
692
701
ZEEL
389
398
403
411
417
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Technical & Derivatives Report
December 15, 2015
Research Team Tel: 022 - 39357800
For Technical Queries
For Derivatives Queries
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