Technical & Derivatives Report
February 25, 2016
Sensex (23089) / Nifty (7019)
Exhibit 1: Nifty Daily Chart
Tuesday's weak session was followed by a gap down opening
in-line with global markets. Subsequently, the index remained
under tremendous selling pressure and eventually, ended the
session with more than a percent cut.
Of late, it has become very difficult to predict Nifty's
movement. Since, the higher top higher bottom on hourly
chart is still intact, we would still avoid shorting in the market.
We would rather wait for further developments to happen on
charts to take any directional view. The immediate support
levels are seen around 6980 - 6940; whereas, 7080 - 7140
would act as intraday resistance levels for the Nifty. As the
February F&O expiry slated today, we may see volatility in the
market and thus, we advise traders to remain light on
positions and avoid taking undue risk in this market.
Key Levels
Support 1 - 6980
Resistance 1 - 7080
Support 2 - 6940
Resistance 2 -
7140
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (13794)
In yesterday's trading session, the Nifty Bank index continued
the negative momentum and ended the session with losses of
1.53% over its previous close.
After trading in a broader range for nine trading sessions, the
index breached the lower end of the range yesterday, which
itself indicates that the bears still have upper hand on the
index. Until the index shows any reversal pattern formation on
higher degree charts, it is apparent that the index is showing
weakness. Being F&O expiry today, we could see stock specific
volatility and hence traders are advised to trade with proper
risk management. The intraday support for the index are
placed around 13555 and 13450 whereas resistances are
seen around 13975 and 14060.
Key Levels
Support 1 - 13555
Resistance 1 - 13975
Support 2 - 13450
Resistance 2 - 14060
1
Technical & Derivatives Report
February 25, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 3.98%
BankNifty futures open interest has increased by 10.76%
as market closed at 7018.70 levels.
The Nifty February future closed at a premium of 0.35
points against a premium of 3.55 points. The March
series closed at a premium of 22.95 points.
The Implied Volatility of at the money options has
increased from 19.00% to 21.64%.
The total OI of the market is Rs. 2,53,770/- cr. and the
stock futures OI is Rs. 59,611/- cr.
Few of the liquid counters where we have seen high cost
of carry are JINDALSTEL, SYNDIBANK, BAJAJ-AUTO,
and UCOBANK.
Views
Yesterday, FIIs were net sellers in both index future and
OI Gainers
cash market segment. They sold equities to the tune of
OI
PRICE
SCRIP
OI
PRICE
Rs. 730 crores. While in Index Futures, they sold worth
CHG. (%)
CHG. (%)
Rs. 491 crores with good amount of rise in open interest,
NTPC
37048000
52.44
118.10
-4.45
indicating fresh short formation in last trading session.
AJANTPHARM
534000
16.70
1338.10
3.25
In Index Options front, FIIs were marginal sellers with fall
TVSMOTOR
3520000
16.02
271.00
-3.37
in OI. In call options, 7000-7100 strikes added good
PNB
45592000
11.70
72.20
-0.48
amount of build-up, followed by unwinding in 7300 and
BANKBARODA
59585100
10.38
133.80
0.49
7400 strikes. Whereas, in put options, 7000 strike added
good amount of OI, we also witness considerable
OI Losers
amount of unwinding in
7100-7200 put options.
OI
PRICE
SCRIP
OI
PRICE
Maximum OI in current series is visible in 7200 call and
CHG. (%)
CHG. (%)
7000 put options. Rollover in Nifty and BankNifty is on
ADANIPOWER
67160000
-23.37
27.60
1.66
the higher side at 56.77% and 51.77% respectively.
IOB
16562000
-18.41
23.45
2.85
Large cap counters with high rollover are CAIRN,
MCLEODRUSS
3264800
-17.46
148.50
-0.44
HDFCBANK, BHEL , LUPIN and GAIL.
ALBK
9534000
-17.37
43.50
0.23
JSWENERGY
5904000
-15.25
65.20
1.40
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
DIVISLAB
38.96
NIFTY
0.68
0.87
NTPC
43.81
BANKNIFTY
0.60
0.91
HDFCBANK
25.38
SBIN
0.49
0.48
BPCL
47.79
ICICIBANK
0.33
0.48
IGL
36.22
RELIANCE
0.46
0.50
Strategy Date
Symbol
Strategy
Status
February 01, 2016
BHEL
Bull Call Spread
Active
February 08, 2016
NIFTY
Short Strangle
Marginal loss booked on 22-02-2016
February 15, 2016
AXISBANK
Bull Call Spread
Active
February 22, 2016
HINDUNILVR
Long Call
Not Activated
2
Technical & Derivatives Report
February 25, 2016
FII Statistics for 24-February 2016
Turnover on 24-February 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
7296.36
7787.62
(491.26)
378211
18911.37
8.05
580899
28569.34
2.73
FUTURES
FUTURES
INDEX
INDEX
57017.29
57085.29
(68.00)
1424749
73468.63
(2.27)
8454882
437555.94
22.51
OPTIONS
OPTIONS
STOCK
16804.08
16453.40
350.68
1235144
51726.12
1.57
STOCK
FUTURES
1270953
53163.45
-6.69
FUTURES
STOCK
STOCK
2183.74
2265.98
(82.24)
91837
3723.47
(0.58)
OPTIONS
349748
15043.39
-5.06
OPTIONS
TOTAL
83301.47
83592.29
(290.82)
3129941
147829.60
0.44
TOTAL
10656482
534332.12
16.72
Nifty Spot = 7018.70
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7000
38.80
Buy
7000
23.05
34.05
65.95
7034.05
18.35
81.65
6981.65
Sell
7100
4.75
Sell
6900
4.70
Buy
7000
38.80
Buy
7000
23.05
37.90
162.10
7037.90
21.65
178.35
6978.35
Sell
7200
0.90
Sell
6800
1.40
Buy
7100
4.75
Buy
6900
4.70
3.85
96.15
7103.85
3.30
96.70
6896.70
Sell
7200
0.90
Sell
6800
1.40
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Feb. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
3
Technical & Derivatives Report
February 25, 2016
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,215
1,224
1,235
1,244
1,254
ADANIPORTS
196
198
201
203
206
AMBUJACEM
189
190
192
194
196
ASIANPAINT
870
876
881
887
892
AXISBANK
371
379
385
393
399
BAJAJ-AUTO
2,281
2,309
2,359
2,387
2,436
BANKBARODA
127
130
133
137
140
BHARTIARTL
314
319
322
327
330
BHEL
89
91
95
97
100
BOSCHLTD
16,174
16,347
16,673
16,846
17,172
BPCL
727
748
760
781
794
CAIRN
120
122
123
124
125
CIPLA
503
509
516
521
528
COALINDIA
288
292
296
300
305
DRREDDY
2,955
2,984
3,029
3,059
3,104
GAIL
305
310
315
319
324
GRASIM
3,313
3,340
3,388
3,415
3,463
HCLTECH
790
800
820
830
850
HDFC
998
1,010
1,030
1,042
1,063
HDFCBANK
936
943
953
960
969
HEROMOTOCO
2,582
2,602
2,630
2,650
2,678
HINDALCO
65
65
67
68
69
HINDUNILVR
820
828
837
845
853
ICICIBANK
183
185
188
190
193
IDEA
102
103
106
107
110
INDUSINDBK
807
815
826
834
845
INFY
1,104
1,115
1,129
1,140
1,155
ITC
280
284
290
293
299
KOTAKBANK
608
614
622
627
635
LT
1,098
1,105
1,118
1,125
1,138
LUPIN
1,718
1,740
1,760
1,782
1,802
M&M
1,183
1,201
1,212
1,230
1,242
MARUTI
3,450
3,470
3,500
3,520
3,550
NTPC
116
117
120
121
124
ONGC
206
207
210
212
215
PNB
67
70
72
74
76
POWERGRID
136
138
139
141
143
RELIANCE
935
944
951
960
968
SBIN
152
154
157
160
163
VEDL
69
70
71
72
74
SUNPHARMA
838
846
858
867
878
TATAMOTORS
298
302
309
313
320
TATAPOWER
57
57
58
58
59
TATASTEEL
243
245
250
252
256
TCS
2,164
2,187
2,225
2,249
2,286
TECHM
413
418
423
427
432
ULTRACEMCO
2,746
2,772
2,807
2,833
2,868
WIPRO
524
529
536
541
547
YESBANK
657
674
689
706
721
ZEEL
374
381
386
393
399
4
Technical & Derivatives Report
February 25, 2016
Research Team Tel: 022 - 39357800
For Technical Queries
For Derivatives Queries
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