Technical & Derivatives Report
October 21, 2016
Sensex (28130) / Nifty (8699)
Exhibit 1: Nifty Daily Chart
The index opened on a positive note yesterday and traded
rangebound with a positive bias for the entire session. The market
breadth was in favor of the advances and hence, the index ended
the session with gains of 0.47 percent over its previous session's
close.
As we have been highlighting since last few days, the 'Lower Top
Lower Bottom' structure remains intact on the daily charts in the
index and post the recent pullback move; the index is currently
trading close to the resistance seen around 8745. Hence, we
continue to advise traders to remain cautious and avoid longs at
the current juncture. The intraday supports for the Nifty index are
placed around 8668 and 8636 whereas resistances are seen
around 8745 and 8765.
Key Levels
Support 1 - 8668
Resistance 1 - 8745
Support 2 - 8636
Resistance 2 - 8765
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (19659)
The Nifty Bank index opened on a positive note and rallied higher
to end the session with gains of 1.27 percent.
Post the recent up move, the Nifty Bank index is currently trading
near the 50 percent retracement resistance of the correction from
20575 to 18824. Although there has been stock specific strength
in last five trading sessions, it needs to be seen whether the index
manages to cross the resistance or not. Analyzing the entire
corrective move, we believe there is a higher probability of the
ongoing up move to be a pullback rally only rather than
resumption of the uptrend. Hence, unless any other developments
are seen, we continue to advise traders to remains on sidelines.
The intraday supports for the Nifty Bank index are placed around
19500 and 19410 whereas resistances are seen around 19720
and 19810.
Key Levels
Support 1 - 19500
Resistance 1 - 19720
Support 2 - 19410
Resistance 2 - 19810
1
Technical & Derivatives Report
October 21, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 5.92%
BankNifty futures open interest has decreased by 3.91%
as market closed at 8699.40 levels.
The Nifty October future closed with a premium of 5.75
against the premium of 6.15 points in last trading
session. The November series closed at a premium of
46.30 points.
The Implied Volatility of at the money options has
decreased from 12.30% to 11.64%. At the same time,
the PCR-OI of Nifty has increased from 0.96 to 0.98
levels.
The total OI of the market is Rs. 2,97,878/- cr. and the
stock futures OI is Rs. 82,193/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, TORNTPOWER, SYNDIBANK,
JINDALSTEL and IDFC.
Views
OI Gainers
Yesterday, FIIs activity in cash market segment was
OI
PRICE
SCRIP
OI
PRICE
subdued. While, in index futures they were net sellers of
CHG. (%)
CHG. (%)
Rs. 396 crores with significant amount of rise in open
SYNDIBANK
19809000
15.78
76.40
6.18
interest, suggesting blend of long and short formation in
SRF
579500
15.21
1932.15
2.98
last trading sessions.
JISLJALEQS
44343000
11.19
102.20
6.35
www.angelbroking.com
On Index Options front, FIIs bought considerably of
TCS
4630000
9.48
2396.15
0.34
worth Rs. 1577 crores with marginal change in OI. In
VEDL
43914000
8.40
207.60
4.40
call options, we hardly saw any meaningful open interest
TATAPOWER
26910000
7.86
82.15
1.11
additions. However, good amount of unwinding was
ADANIPORTS
18215000
7.51
286.10
5.22
visible in 8600 call options. On the other hand in put
KTKBANK
16254000
7.41
153.10
1.42
options, 8600 and 8700 strikes added decent amount of
positions. Maximum OI in October series is placed at
OI Losers
9000 call and 8500 put options.
OI
PRICE
SCRIP
OI
PRICE
Despite, Nifty bounced from its support zone 8500-8550
CHG. (%)
CHG. (%)
levels, we hardly saw any meaningful buying figure in
DCBBANK
1971000
-8.18
128.10
0.27
Index Futures by FIIs. In fact, they are forming fresh short
APOLLOTYRE
10929000
-5.70
212.95
0.28
positions in November series. Most of the heavy weight
RELINFRA
12034100
-5.34
579.70
1.32
counters except ICICIBANK, bounced mainly due to short
COLPAL
2040500
-5.20
946.00
0.63
covering. We believe, Nifty may show some strength for
BANKINDIA
31302000
-5.18
114.75
1.55
current expiry, but the overall trend remains negative.
KPIT
5916000
-5.01
142.10
4.10
Those traders who are long in index futures should avoid
INDUSINDBK
5046600
-4.77
1207.80
-0.38
rolling their positions for next series.
HINDZINC
9388800
-4.62
250.25
0.48
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SYNDIBANK
48.44
NIFTY
0.98
0.97
ADANIPORTS
54.82
BANKNIFTY
1.58
0.87
VEDL
48.78
INFY
0.50
0.49
CAIRN
43.62
RELIANCE
0.46
0.47
ICICIBANK
51.70
ICICIBANK
1.11
0.72
2
Technical & Derivatives Report
October 21, 2016
FII Statistics for 20, October 2016
Turnover on 20, October 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2109.37
2505.37
(396.00)
258205
17415.86
16.26
236765
16763.42
30.94
FUTURES
FUTURES
INDEX
INDEX
47567.44
45989.86
1577.58
1124887
75175.44
(0.38)
7250580
540700.36
69.78
OPTIONS
OPTIONS
STOCK
8236.94
7648.01
588.93
892782
59731.52
1.08
STOCK
FUTURES
598556
44873.41
7.03
FUTURES
STOCK
STOCK
6332.56
6424.12
(91.56)
121034
8286.40
5.72
OPTIONS
466854
35719.50
32.21
OPTIONS
TOTAL
64246.31
62567.35
1678.96
2396908
160609.22
2.04
TOTAL
8552755
638056.68
59.43
Nifty Spot = 8699.40
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8700
59.95
Buy
8700
53.85
38.40
61.60
8738.40
29.20
70.80
8670.80
Sell
8800
21.55
Sell
8600
24.65
Buy
8700
59.95
Buy
8700
53.85
53.30
146.70
8753.30
42.40
157.60
8657.60
Sell
8900
6.65
Sell
8500
11.45
Buy
8800
21.55
Buy
8600
24.65
14.90
85.10
8814.90
13.20
86.80
8586.80
Sell
8900
6.65
Sell
8500
11.45
Note: Above mentioned Bullish or Bearish Spreads in Nifty (October Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
3
Technical & Derivatives Report
October 21, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,591
1,600
1,614
1,623
1,637
ADANIPORTS
262
274
280
292
298
AMBUJACEM
249
251
253
255
257
ASIANPAINT
1,155
1,160
1,169
1,174
1,182
AUROPHARMA
816
821
827
832
838
AXISBANK
531
536
540
545
549
BAJAJ-AUTO
2,769
2,783
2,804
2,817
2,838
BANKBARODA
154
156
157
159
160
BHEL
140
141
142
143
144
BPCL
649
656
660
667
671
BHARTIARTL
303
306
308
311
314
INFRATEL
354
361
365
372
377
BOSCH
22,068
22,237
22,464
22,633
22,859
CIPLA
590
593
597
600
604
COALINDIA
311
312
313
314
316
DRREDDY
3,040
3,060
3,075
3,094
3,109
EICHERMOT
24,570
24,779
25,010
25,219
25,450
GAIL
429
434
439
444
449
GRASIM
973
978
987
992
1,001
HCLTECH
799
807
820
828
841
HDFCBANK
1,242
1,249
1,258
1,265
1,274
HDFC
1,335
1,348
1,358
1,370
1,380
HEROMOTOCO
3,325
3,344
3,375
3,393
3,424
HINDALCO
150
153
154
157
159
HINDUNILVR
832
836
843
847
854
ICICIBANK
263
270
275
282
286
IDEA
76
77
79
80
81
INDUSINDBK
1,191
1,199
1,210
1,218
1,229
INFY
1,013
1,019
1,029
1,036
1,046
ITC
236
238
240
241
243
KOTAKBANK
763
768
775
780
788
LT
1,473
1,488
1,498
1,513
1,523
LUPIN
1,489
1,497
1,509
1,518
1,530
M&M
1,311
1,319
1,331
1,340
1,352
MARUTI
5,579
5,612
5,648
5,680
5,716
NTPC
148
148
149
150
151
ONGC
276
279
281
284
286
POWERGRID
177
178
179
180
181
RELIANCE
1,076
1,082
1,090
1,096
1,104
SBIN
253
257
259
262
264
SUNPHARMA
735
740
748
753
761
TCS
2,375
2,388
2,399
2,412
2,422
TATAMTRDVR
355
357
360
362
365
TATAMOTORS
541
544
549
552
557
TATAPOWER
79
81
82
83
85
TATASTEEL
422
425
429
432
435
TECHM
417
421
425
429
433
ULTRACEMCO
3,963
3,985
4,016
4,038
4,068
WIPRO
487
491
496
500
505
YESBANK
1,283
1,296
1,310
1,323
1,337
ZEEL
504
512
517
525
530
4
Technical & Derivatives Report
October 21, 2016
Research Team Tel: 022 - 39357800
For Technical Queries
For Derivatives Queries
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