Technical & Derivatives Report
June 16, 2016
Sensex (26726) / Nifty (8207)
Exhibit 1: Nifty Daily Chart
Although, the Nifty opened marginally higher yesterday, the
momentum picked up later and the index ended the session with
gains of 1.21% over its previous session’s close.
Yesterday's move was quite on our expected lines as we had
clearly mentioned in our report that if Nifty manages to cross
8121, then we may see a good intra day rally towards 8180 -
8210. The index precisely rallied towards our mentioned targets
and eventually reclaimed the 8200 mark on a closing basis.
Looking at the broad market participation, we expect the
momentum to continue and the index could extend the rally upto
8250 - 8290. Traders are hence advised to continue to ride the
trend unless any reversal signs seen. The intraday support for the
index is placed around 8170 and 8140 levels.
Key Levels
Support 1 - 8170
Resistance 1 - 8250
Support 2 - 8140
Resistance 2 - 8290
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (17918)
Along with the broader market participation, the Nifty Bank index
rallied higher and ended yesterday's session with gains of 1.39%
over its previous sessions close. The PSU Bank index continued the
positive momentum and outperformed by gaining nearly 3%.
The near term resistance for Nifty Bank index is seen in range of
18000-18175 which coincides with the October 2015 high
resistance and 61.8% retracement of the entire corrective move in
the index from 20907 in Jan 2015 to 13407 in March 2016.
However, as we had earlier advised, the stock specific momentum
continues on the positive side as the PSU Banks which has less
weightage in the index have been outperforming the overall
market since last couple of days. Hence, we continue to advise
traders to focus on stock specific moves. The intraday support for
the index is placed around 17765 and 17610.
Key Levels
Support 1 - 17765
Resistance 1 - 18000
Support 2 - 17610
Resistance 2 - 18175
1
Technical & Derivatives Report
June 16, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 2.26%
BankNifty futures open interest has increased by 4.63%
as market closed at 8206.60 levels.
The Nifty June future closed with a premium of 14.75
points against a premium of 11.70 points in previous
session. The July series closed at a premium of 42.60
points.
The Implied Volatility of at the money options has
decreased from 16.34% to 15.82%.
The total OI of the market is Rs. 2,45,509/- cr. and the
stock futures OI is Rs. 68,012/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, GMRINFRA, PTC, JPASSOCIAT
and IBREALEST.
Views
OI Gainers
FIIs were net sellers in both cash market segment and in
OI
PRICE
SCRIP
OI
PRICE
Index Futures. They sold equities to the tune of
CHG. (%)
CHG. (%)
Rs. 108 crores. While in Index Futures, they sold worth
INFRATEL
5215600
12.73
367.00
-3.54
Rs. 639 crores with good amount of decline in open
JETAIRWAYS
6573600
11.52
562.45
0.04
interest, indicating long unwinding in last trading session.
AJANTPHARM
309600
11.21
1536.20
-1.82
On Index Options front, FIIs bought worth Rs. 804 crores
SUNTV
5986000
9.39
382.05
1.85
with rise in open interest. In call options, 8400 and 8500ng.com
IDBI
41072000
8.86
70.65
1.00
strikes added some build-up; followed my some
unwinding in 8100 strike. While in put options, 8000
OI Losers
and 8200 strikes were active and added good amount of
OI
PRICE
fresh positions. Maximum open interest in June series is
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
visible in 8300 call and 8000 put options.
AMARAJABAT
771600
-12.70
877.70
2.54
From last three trading sessions, FIIs are unwinding their
INDIACEM
26297000
-11.38
103.35
4.39
long positions in index future; but, fresh shorting is not
LUPIN
5735700
-5.93
1465.55
0.67
yet visible. Thus, one should remain light on positions
ARVIND
4112900
-5.73
314.45
1.95
and wait for further development on data front.
GAIL
8313500
-4.24
379.60
1.29
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CESC
33.71
NIFTY
1.14
0.93
NTPC
30.58
BANKNIFTY
1.33
0.99
INFRATEL
34.36
SBIN
0.97
0.53
POWERGRID
23.23
RELIANCE
0.58
0.35
UBL
31.56
SUNPHARMA
0.37
0.30
Strategy Date
Symbol
Strategy
Status
May 30, 2016
TCS
Ratio Bull Call Spread
Active
June 06, 2016
NIFTY
Long Call
Exited at Cost
June 13, 2016
ONGC
Ratio Bull Call Spread
Active
2
Technical & Derivatives Report
June 16, 2016
FII Statistics for 15-June 2016
Turnover on 15-June 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1260.67
1899.40
(638.74)
240308
14562.88
(4.19)
282860
16419.33
9.35
FUTURES
FUTURES
INDEX
INDEX
21642.03
20838.03
804.00
1108601
67547.69
4.30
3317721
193345.01
28.38
OPTIONS
OPTIONS
STOCK
4186.60
4413.75
(227.15)
1076903
53569.97
0.37
STOCK
FUTURES
525775
26533.63
13.01
FUTURES
STOCK
STOCK
2838.25
2786.18
52.06
104330
5427.67
3.25
OPTIONS
331606
16695.34
28.13
OPTIONS
TOTAL
29927.54
29937.36
(9.82)
2530142
141108.21
1.71
TOTAL
4457962
252993.31
25.17
Nifty Spot = 8206.60
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8200
116.65
Buy
8200
96.60
48.45
51.55
8248.45
33.40
66.60
8166.60
Sell
8300
68.20
Sell
8100
63.20
Buy
8200
116.65
Buy
8200
96.60
81.85
118.15
8281.85
55.65
144.35
8144.35
Sell
8400
34.80
Sell
8000
40.95
Buy
8300
68.20
Buy
8100
63.20
33.40
66.60
8333.40
22.25
77.75
8077.75
Sell
8400
34.80
Sell
8000
40.95
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
3
Technical & Derivatives Report
June 16, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,528
1,544
1,554
1,571
1,581
ADANIPORTS
203
205
208
211
214
AMBUJACEM
232
235
237
241
243
ASIANPAINT
979
989
995
1,005
1,011
AUROPHARMA
728
734
744
751
761
AXISBANK
518
523
528
534
539
BAJAJ-AUTO
2,548
2,576
2,593
2,621
2,638
BANKBARODA
146
149
151
154
156
BHEL
120
121
122
123
124
BPCL
988
1,000
1,007
1,018
1,025
BHARTIARTL
345
348
351
354
356
INFRATEL
354
359
369
375
385
BOSCH
21,487
21,684
21,842
22,039
22,197
CIPLA
480
485
489
494
498
COALINDIA
303
306
308
312
314
DRREDDY
3,069
3,078
3,086
3,095
3,104
EICHERMOT
18,419
18,528
18,679
18,788
18,939
GAIL
371
374
377
380
383
GRASIM
4,266
4,291
4,308
4,333
4,350
HCLTECH
747
751
754
758
762
HDFCBANK
1,147
1,158
1,165
1,176
1,182
HDFC
1,181
1,193
1,201
1,213
1,221
HEROMOTOCO
2,984
3,024
3,056
3,096
3,129
HINDALCO
113
114
116
117
118
HINDUNILVR
858
866
871
880
885
ICICIBANK
239
243
246
251
254
IDEA
99
100
101
102
103
INDUSINDBK
1,104
1,114
1,120
1,129
1,135
INFY
1,174
1,182
1,187
1,195
1,201
ITC
352
356
358
362
364
KOTAKBANK
747
756
762
771
777
LT
1,445
1,479
1,498
1,533
1,552
LUPIN
1,438
1,450
1,458
1,471
1,478
M&M
1,340
1,348
1,358
1,366
1,377
MARUTI
4,076
4,143
4,179
4,246
4,282
NTPC
146
150
153
157
159
ONGC
212
213
214
215
216
POWERGRID
150
152
153
156
157
RELIANCE
969
977
982
989
994
SBIN
205
211
214
220
223
SUNPHARMA
745
748
753
757
762
TCS
2,505
2,531
2,548
2,574
2,591
TATAMTRDVR
303
305
308
310
313
TATAMOTORS
445
449
451
454
457
TATAPOWER
75
76
76
77
78
TATASTEEL
321
326
329
333
336
TECHM
526
533
538
545
550
ULTRACEMCO
3,280
3,322
3,348
3,390
3,416
WIPRO
540
544
546
549
551
YESBANK
1,051
1,061
1,067
1,077
1,084
ZEEL
452
455
458
461
464
4
Technical & Derivatives Report
June 16, 2016
Research Team Tel: 022 - 39357800
For Technical Queries
For Derivatives Queries
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