Technical & Derivatives Report
January 29, 2016
Sensex (24470) / Nifty (7425)
Exhibit 1: Nifty Daily Chart
Yesterday, our markets opened on a flat note considering
mixed global cues. Subsequently, similar to previous session,
we witnessed a range bound action throughout the session to
conclude marginally in the negative territory.
Despite a derivative expiry session, we didn't see any volatility
in the market and thus, the chart structure remains the same.
We maintain our view that the Nifty is likely to extend this
bounce towards 7520 - 7550 levels. On the flipside, 7327 is
now seen as an immediate support level for the index. The
index is likely to remain range bound and thus, we advise
traders to focus on individual stock's movement.
Key Levels
Support 1 - 7327
Resistance 1 - 7520
Support 2 - 7241
Resistance 2 - 7550
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (15381)
In yesterday's trading session, the Nifty Bank index opened
marginally higher. It traded in a very narrow range for most of
the session, however, the last hour saw some selling pressure
which led to index ending the session with losses of about 1%.
The index is retracing the recent up move from 14755 to
15683 and the retracement support levels are placed around
15218 (50% retracement) and 15100 (61.8% retracement).
Unless any reversal signs seen again, the Nifty Bank index
could pullback higher from the mentioned support zones and
rally upto the immediate resistance levels of 15762 and
16100. The volatility within the stocks in the index could
remain high and thus traders are advised to be vigilant on the
market moves.
Key Levels
Support 1 - 15218
Resistance 1 - 15580
Support 2 - 15100
Resistance 2 - 15762
1
Technical & Derivatives Report
January 29, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 29.33%
BankNifty futures open interest has decreased by 23.43%
as market closed at 7424.65 levels.
The Nifty February future closed at a premium of 23.70
points against a premium of 5.55 points. The March
series closed at a premium of 38.75 points.
The Implied Volatility of at the money options has
decreased from 17.86% to 16.87%.
The total OI of the market is Rs. 1,63,175/- cr. and the
stock futures OI is Rs. 55,980/- cr.
Few of the liquid counters where we have seen high cost
of carry are TATACOMM, JPASSOCIAT, JSWENERGY,
IBREALEST and UNITECH.
Views
OI Gainers
FIIs were net sellers in both cash and F&O segment. They
OI
PRICE
sold equities of worth Rs. 961 crores. While in Index
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Futures, they were net sellers of Rs. 1597 crores, with
HINDZINC
2355200
4.84
162.05
3.88
significant fall in OI, due to expiry.
RELINFRA
10384400
3.34
459.60
0.75
In Index Options front, they sold to the tune of Rs. 787
crores with fall in open interest. In call options, 7500-
7600 strikes were active and they also added decent
build-up. While in put options, 7000, 7200 and 7400
strikes added good amount of OI. Maximum build-up in
OI Losers
current series is visible in 7500 call and 7400 put
OI
PRICE
options. Form last two-three trading session FIIs have
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
been forming fresh shorts in Index Futures. 7500-7550 is
TVSMOTOR
3124000
-46.60
292.35
0.72
the resistance for market, any bounce near these levels
VOLTAS
3251200
-38.27
282.75
-0.04
can be a shorting opportunity.
ADANIPOWER
62040000
-35.05
28.50
-0.35
OIL
728400
-35.01
348.50
1.40
PFC
14566000
-34.73
167.35
0.27
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
SKSMICRO
62.02
NIFTY
0.82
1.01
POWERGRID
33.63
BANKNIFTY
0.65
1.09
TITAN
28.79
SBIN
0.35
0.39
GRASIM
22.88
RELIANCE
0.41
0.38
HINDUNILVR
29.99
LT
0.45
0.93
Strategy Date
Symbol
Strategy
Status
January 04, 2016
SBIN
Ratio Bear Put Spread
Loss booked on Jan 15, 2016
January 11, 2016
TCS
Short Strangle
Profit booked on Jan 18, 2016
January 18, 2016
HINDUNILVR
Short Strangle
Profit booked on Jan 25, 2016
January 25, 2016
TCS
Long Call
Didn’t triggered
2
Technical & Derivatives Report
January 29, 2016
FII Statistics for 28-January 2015
Turnover on 28-January 2015
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
3335.20
4933.01
(1597.81)
196199
10553.81
(45.09)
487787
25541.54
-7.75
FUTURES
FUTURES
INDEX
INDEX
31490.11
32287.83
(797.72)
796049
44024.82
(51.42)
7647814
417042.60
36.39
OPTIONS
OPTIONS
STOCK
14933.36
14546.82
386.54
1013459
45273.51
(15.29)
STOCK
FUTURES
1548378
70400.75
-2.92
FUTURES
STOCK
STOCK
1930.91
1801.93
128.98
258
13.07
(99.75)
OPTIONS
465017
22168.77
37.34
OPTIONS
TOTAL
51689.58
53569.59
(1880.01)
2005965
99865.21
(39.10)
TOTAL
10148996
535153.66
26.77
Nifty Spot = 7424.65
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
7500
109.30
Buy
7400
115.85
41.90
58.10
7541.90
34.50
65.50
7365.50
Sell
7600
67.40
Sell
7300
81.35
Buy
7500
109.30
Buy
7400
115.85
71.40
128.60
7571.40
58.70
141.30
7341.30
Sell
7700
37.90
Sell
7200
57.15
Buy
7600
67.40
Buy
7300
81.35
29.50
70.50
7629.50
24.20
75.80
7275.80
Sell
7700
37.90
Sell
7200
57.15
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
January 29, 2016
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,192
1,204
1,219
1,231
1,246
ADANIPORTS
200
205
213
218
225
AMBUJACEM
189
191
193
195
197
ASIANPAINT
846
852
859
865
872
AXISBANK
394
400
408
414
423
BAJAJ-AUTO
2,222
2,243
2,277
2,297
2,331
BANKBARODA
126
128
130
132
135
BHARTIARTL
284
288
292
295
299
BHEL
133
135
138
140
142
BOSCHLTD
16,493
16,725
17,086
17,318
17,679
BPCL
853
861
869
877
886
CAIRN
117
121
123
126
128
CIPLA
569
573
579
584
590
COALINDIA
295
301
307
313
320
DRREDDY
2,937
2,974
3,002
3,039
3,067
GAIL
343
352
359
368
375
GRASIM
3,245
3,295
3,371
3,422
3,498
HCLTECH
821
833
841
853
861
HDFC
1,127
1,137
1,148
1,159
1,170
HDFCBANK
1,019
1,026
1,036
1,042
1,053
HEROMOTOCO
2,383
2,411
2,460
2,488
2,536
HINDALCO
68
69
70
71
72
HINDUNILVR
755
773
785
804
816
ICICIBANK
226
230
235
238
243
IDEA
100
102
106
108
112
INDUSINDBK
891
899
908
917
926
INFY
1,116
1,123
1,133
1,139
1,149
ITC
307
313
317
323
328
KOTAKBANK
648
656
668
675
688
LT
1,049
1,062
1,083
1,095
1,116
LUPIN
1,662
1,684
1,702
1,724
1,742
M&M
1,162
1,183
1,198
1,219
1,234
MARUTI
3,983
4,043
4,091
4,152
4,200
NTPC
142
143
144
145
146
ONGC
213
217
219
222
224
PNB
89
90
92
93
95
POWERGRID
139
141
143
145
147
RELIANCE
987
1,002
1,012
1,027
1,037
SBIN
181
183
185
187
188
VEDL
62
65
66
69
70
SUNPHARMA
810
822
829
842
849
TATAMOTORS
327
331
336
340
345
TATAPOWER
59
59
60
61
62
TATASTEEL
249
252
255
258
261
TCS
2,289
2,310
2,329
2,351
2,370
TECHM
488
494
502
508
515
ULTRACEMCO
2,692
2,718
2,745
2,772
2,799
WIPRO
539
543
548
553
558
YESBANK
656
664
675
683
694
ZEEL
388
396
402
411
417
4
Technical & Derivatives Report
January 29, 2016
Research Team Tel: 022 - 39357800
For Technical Queries
For Derivatives Queries
DISCLAIMER
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India Limited,
Bombay Stock Exchange Limited and MCX Stock Exchange Limited. It is also registered as a Depository Participant with CDSL and
Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a
registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number
INH000000164. Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing
/dealing in securities Market. Angel or its associates including its relatives/analyst do not hold any financial interest/beneficial
ownership of more than 1% in the company covered by Analyst. Angel or its associates/analyst has not received any compensation /
managed or co-managed public offering of securities of the company covered by Analyst during the past twelve months. Angel/analyst
has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market making activity
of the company covered by Analyst.
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot
testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document.
While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be
regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from
or in connection with the use of this information.
Note: Please refer to the important ‘Stock Holding Disclosure' report on the Angel website (Research Section). Also, please refer to the
latest update on respective stocks for the disclosure status in respect of those stocks. Angel Broking Pvt. Limited and its affiliates may
have investment positions in the stocks recommended in this report.
5
