Technical & Derivatives Report
August 17, 2016
Sensex (28065) / Nifty (8643)
Exhibit 1: Nifty Hourly Chart
Yesterday, despite the SGX Nifty indicating a gap up opening, our
markets started the day on a flat note and within first couple of
hours corrected more than half a percent to test the 8600 mark.
However, due to modest recovery in the latter half, the Nifty
managed to trim some portions of its losses.
If we look at the hourly chart structure meticulously, the Nifty
rebounded precisely after testing the 'Parabolic SAR' and '89 EMA',
which are placed around 8610. Further, due to last few days
price action has resulted into a formation of 'Diamond Pattern'.
Thus, breakout on either sides of the pattern would probably give
us a direction for the remaining part of the week. Till then 8690 -
8728 are seen as immediate resistance levels; whereas, 8600 -
8570 would act as support levels.
Key Levels
Support 1 - 8600
Resistance 1 - 8690
Support 2 - 8570
Resistance 2 - 8728
Nifty Bank Outlook - (19002)
Exhibit 2: Nifty Bank Hourly Chart
Amdist volatile trading session, the Nifty Bank index ended
yesterday's session with marginal gains of 0.20 percent over its
previous session's close.
Since last one month, the Nifty Bank index has traded in range of
18443-19125 and prices are current trading near the higher end
of the range post the upmove in last couple of trading sessions.
The broader trend, though, continues to remains positive so far as
there are no signs of trend reversal. Thus, there is higher
probability of breakout from the higher end of last one month's
trading range which could then lead to continuation of upmove.
In case of breakout from the mentioned resistance of 19125, the
Nifty bank index could then rally upto 19320-19485 where
'SuperTrend' resistance is seen on monthly charts. Hence, traders
are advised to trade positively with short term perspective and
look to book profits once the index reaches 19320-19485. The
intraday support for the index is placed around 18890 and
18815 whereas resistances are seen around 19125 and 19229.
Key Levels
Support 1 - 18890
Resistance 1 - 19125
Support 2 - 18815
Resistance 2 - 19229
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Technical & Derivatives Report
August 17, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.54%
BankNifty futures open interest has increased by 5.19%
as market closed at 8642.55 levels.
The Nifty August future closed with a premium of 17.35
points against a premium of 6.25 points in previous
session. The September series closed at a premium of
65.50 points.
The Implied Volatility of at the money options has
increased from 11.78% to 13.35%.
The total OI of the market is Rs. 2,77,391/- cr. and the
stock futures OI is Rs. 78,415/- cr.
Few of the liquid counters where we have seen high cost
of carry are SINTEX, JETAIRWAYS, PTC, CESC and
TATASTEEL.
Views
FIIs continued their buying streak in cash market
segment. Yesterday, they bought equities to the tune of
OI Gainers
Rs. 685 crores. While, in Index Futures they were net
OI
PRICE
SCRIP
OI
PRICE
sellers worth Rs. 107 crores with marginal rise in OI,
CHG. (%)
CHG. (%)
suggesting short formation in last trading session.
WOCKPHARMA
3429000
24.05
782.65
-3.79
On Index Options front, FIIs bought worth Rs. 412 crores
CESC
1509200
20.88
654.45
1.88
with marginal change in OI. In call options, 8700 strike
POWERGRID
19904000
13.69
178.15
-0.25
was quite active and added fresh positions. While in put
AJANTPHARM
363200
12.10
1942.75
2.42
options, except some build-up in 8600 strike, we didn’t
HINDALCO
37492000
11.89
154.75
5.67
saw any meaningful activity in any strikes. Highest Oi in
current series is placed at 9000 call and 8500 put
OI Losers
options.
OI
PRICE
Nifty is moving in a narrow range of 8550 - 8750 from
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
last few sessions and FIIs continued to buy in cash
NCC
17312000
-14.40
82.50
6.59
segment in this phase. From last two sessions, we are
CIPLA
10475000
-12.53
553.95
7.35
witnessing some sign of profit booking from FIIs in index
SRF
478500
-10.23
1580.85
0.21
future segment; but, the quantum is very low. Hence, we
maintain our bullish stance on Nifty till we don’t see any
JISLJALEQS
43893000
-9.87
77.60
4.86
meaningful change in derivative data.
HAVELLS
4242000
-7.78
410.05
2.55
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
CIPLA
40.15
NIFTY
1.00
0.98
DIVISLAB
37.21
BANKNIFTY
1.18
0.90
NCC
46.73
SBIN
0.92
0.62
RELCAPITAL
41.26
ICICIBANK
0.39
0.22
HINDALCO
48.81
INFY
0.34
0.69
Strategy Date
Symbol
Strategy
Status
01-08-2016
RELIANCE
Ratio Bear Put Spread
Active
08-08-2016
SBIN
Bull Call Spread
Active
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Technical & Derivatives Report
August 17, 2016
FII Statistics for 16-August 2016
Turnover on 16-August 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Contracts
( in Cr. )
(%)
Contracts
Change (%)
(in Cr.)
INDEX
INDEX
1916.09
2023.08
(106.99)
341417
22568.35
2.04
225374
15426.15
-1.62
FUTURES
FUTURES
INDEX
INDEX
42908.91
42496.85
412.06
1036331
67933.82
0.84
3523429
242060.11
10.44
OPTIONS
OPTIONS
STOCK
6975.52
6544.98
430.54
899654
58478.54
0.04
STOCK
FUTURES
581475
39352.71
-18.86
FUTURES
STOCK
STOCK
5226.66
5272.14
(45.48)
95902
6383.41
2.34
OPTIONS
415880
28414.71
-25.58
OPTIONS
TOTAL
57027.19
56337.05
690.14
2373304
155364.12
0.76
TOTAL
4746158
325253.68
1.16
Nifty Spot = 8642.55
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8700
53.45
Buy
8600
47.30
31.10
68.90
8731.10
24.05
75.95
8575.95
Sell
8800
22.35
Sell
8500
23.25
Buy
8700
53.45
Buy
8600
47.30
45.20
154.80
8745.20
35.80
164.20
8564.20
Sell
8900
8.25
Sell
8400
11.50
Buy
8800
22.35
Buy
8500
23.25
14.10
85.90
8814.10
11.75
88.25
8488.25
Sell
8900
8.25
Sell
8400
11.50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
August 17, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,641
1,653
1,665
1,676
1,688
ADANIPORTS
253
263
269
279
285
AMBUJACEM
261
265
268
272
275
ASIANPAINT
1,114
1,122
1,135
1,143
1,156
AUROPHARMA
716
725
738
747
760
AXISBANK
572
578
586
592
600
BAJAJ-AUTO
2,816
2,850
2,873
2,907
2,931
BANKBARODA
145
147
149
152
154
BHEL
134
135
137
139
141
BPCL
568
582
592
607
617
BHARTIARTL
333
338
345
349
356
INFRATEL
326
338
354
366
383
BOSCH
23,439
23,721
24,134
24,416
24,830
CIPLA
493
524
541
571
588
COALINDIA
333
335
338
340
343
DRREDDY
2,966
2,987
3,002
3,023
3,038
EICHERMOT
21,909
22,186
22,417
22,693
22,925
GAIL
364
368
372
376
380
GRASIM
4,320
4,402
4,493
4,576
4,667
HCLTECH
762
777
801
816
839
HDFCBANK
1,202
1,215
1,227
1,239
1,251
HDFC
1,327
1,343
1,364
1,380
1,401
HEROMOTOCO
3,257
3,274
3,297
3,314
3,337
HINDALCO
143
149
152
158
161
HINDUNILVR
908
917
930
940
953
ICICIBANK
242
245
247
251
253
IDEA
92
93
94
96
96
INDUSINDBK
1,136
1,147
1,165
1,176
1,193
INFY
1,016
1,034
1,046
1,064
1,076
ITC
251
253
256
258
260
KOTAKBANK
757
765
770
778
784
LT
1,456
1,481
1,497
1,522
1,538
LUPIN
1,566
1,579
1,589
1,602
1,612
M&M
1,415
1,430
1,445
1,460
1,475
MARUTI
4,792
4,828
4,888
4,924
4,984
NTPC
159
160
161
162
164
ONGC
231
233
235
237
239
POWERGRID
172
175
179
182
186
RELIANCE
999
1,012
1,028
1,041
1,058
SBIN
241
244
246
249
251
SUNPHARMA
764
773
791
800
818
TCS
2,636
2,664
2,702
2,730
2,768
TATAMTRDVR
321
326
332
337
342
TATAMOTORS
497
502
509
514
520
TATAPOWER
74
75
76
78
79
TATASTEEL
370
374
378
382
386
TECHM
471
477
484
490
498
ULTRACEMCO
3,683
3,711
3,737
3,765
3,791
WIPRO
528
532
539
543
550
YESBANK
1,275
1,285
1,300
1,310
1,325
ZEEL
495
500
503
508
512
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Technical & Derivatives Report
August 17, 2016
Research Team Tel: 022 - 39357800
For Technical Queries
For Derivatives Queries
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