Technical & Derivatives Report
October 30, 2015
Sensex (26838) / Nifty (8112)
Exhibit 1: Nifty Daily Chart
Our benchmark index opened slightly lower and then remained
under tremendous selling pressure throughout the session. As a
result, the Nifty eventually closed with nearly 0.70 percent loss.
For the fourth consecutive session, our market remained in favor
of the bears. The Nifty has closed tad above the 8100 mark. In
recent past, the Nifty had given a breakout from an ‘Inverse Head
& Shoulder’ pattern in the daily chart. The neckline breakout
levels of 8050 could now act as a strong support for the index.
Thus, going forward, 8088 - 8050 becomes a major support
zone for the index. In case, if Nifty manages to hold this support
area, then we may witness some recovery towards 8200 - 8250
levels. However, a failure to do so may lead to extended
correction towards 8000 level.
Key Levels
Support 1 - 8088
Resistance 1 - 8180
Support 2 - 8050
Resistance 2 - 8200
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (17212)
The Bank Nifty index continued its previous day's momentum and
ended the F&O expiry session with losses of 0.93%. The breach of
the support and the follow up selling pressure seen in last couple
of sessions indicates a near term bearish momentum on the
index. A minor pullback cannot be ruled out; however, traders
should not get carried away in such pullback as the index has
given breakdown with a gap down opening on Wednesday,
which would now act as a resistance. A subdued closing in today's
session will also lead to a bearish pattern formation in the index
on weekly charts.
Hence, traders are advised to stay cautious and use a ‘Sell on
rallies’ approach until we observe any bullish formation. The
immediate support for Bank Nifty is placed around 17100 -
17000 whereas resistance are seen around 17400 and 17565.
Key Levels
Support 1 - 17100
Resistance 1 - 17400
Support 2 - 17000
Resistance 2 - 17565
1
Technical & Derivatives Report
October 30, 2015
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 23.33%
BankNifty futures open interest has decreased by 20.37%
as market closed at 8111.75 levels.
The Nifty November future closed at a premium of 30.95
points against a premium of
41.10 points. The
December series closed at a premium of 74.50 points.
The Implied Volatility of at the money options has
decreased from 17.58% to 16.22%.
The total OI of the market is Rs. 1,63,063/- cr. and the
stock futures OI is Rs. 57,093/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, GMRINFRA, TV18BRDCST,
IFCI and ANDHRABANK.
Views
OI Gainers
OI
PRICE
FIIs were net buyers in cash market segment to the tune
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
of Rs. 174 crores. They sold Index Futures marginally
JUSTDIAL
1911500
10.52
851.50
-8.93
with good amount of fall in OI due to expiry.
BHARATFORG
4568000
7.92
818.30
-6.17
In Index Options front, they bought of worth Rs. 2087
BATAINDIA
2537000
7.41
494.40
-5.08
crores with fall in OI. Being start of new series build-up is
AJANTPHARM
478000
4.97
1600.15
2.11
CEATLTD
2045400
4.70
1107.80
-3.95
interest addition in the range of 8200-8600 strikes.
While in put options, 7500-8100 strikes added good
OI Losers
amount of OI, some build-up was also visible in 8500
OI
PRICE
put option yesterday. Maximum OI in current series is
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
seen in 8500 call and 8000 put options. Roll-over in
UCOBANK
12910000
-45.86
52.45
3.45
Nifty and BankNifty is at 73.62% & 72.53% respectively,
GODREJIND
1784900
-40.72
388.00
2.51
which is on the higher side in both percentage term and
INFRATEL
1484600
-40.21
388.05
-1.32
in terms of OI.
MINDTREE
342000
-39.15
1561.00
1.19
ONGC
13800000
-29.79
247.10
-0.60
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
JUSTDIAL
75.24
NIFTY
0.86
1.05
BATAINDIA
38.93
BANKNIFTY
0.97
0.93
BHARATFORG
56.74
AXISBANK
0.41
0.39
GLENMARK
41.26
RELIANCE
0.61
0.59
APOLLOTYRE
47.11
SBIN
0.69
0.57
Strategy Date
Symbol
Strategy
Status
September 28, 2015
NIFTY
Long Strangle
Profit booked on October 16, 2015
October 05, 2015
SBIN
Ratio Bear Put Spread
No Profit no Loss on expiry
October 12, 2015
LT
Long Put Ladder
Profit on expiry.
October 19, 2015
NIFTY
Long Put
Book Loss on October 27, 2015
October 26, 2015
INFY
Long Call
Loss on expiry.
2
Technical & Derivatives Report
October 30, 2015
FII Statistics for 29-October 2015
Turnover on 29-October 2015
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4919.32
4967.13
(47.81)
286399
17140.67
(62.33)
803563
26552.82
-8.43
FUTURES
FUTURES
INDEX
INDEX
17942.45
15854.85
2087.60
726894
44073.67
(66.65)
16234016
400746.35
27.42
OPTIONS
OPTIONS
STOCK
STOCK
12549.31
13547.05
(997.74)
883326
44746.54
(31.69)
FUTURES
1971743
69334.28
3.72
FUTURES
STOCK
1454.63
1451.14
3.48
1144
58.58
(99.21)
STOCK
OPTIONS
613914
19575.91
8.87
OPTIONS
TOTAL
36865.71
35820.18
1045.53
1897763
106019.45
(56.65)
TOTAL
19623236
516209.36
20.52
Nifty Spot = 8111.75
Lot Size = 25
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8200
115.10
Buy
8000
91.90
41.30
58.70
8241.30
26.30
73.70
7973.70
Sell
8300
73.80
Sell
7900
65.60
Buy
8200
115.10
Buy
8000
91.90
70.35
129.65
8270.35
45.25
154.75
7954.75
Sell
8400
44.75
Sell
7800
46.65
Buy
8300
73.80
Buy
7900
65.60
29.05
70.95
8329.05
18.95
81.05
7881.05
Sell
8400
44.75
Sell
7800
46.65
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Nov. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
3
Technical & Derivatives Report
October 30, 2015
Daily Pivot Levels for Nifty 50 Stocks
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,365
1,375
1,386
1,397
1,408
ADANIPORTS
295
298
301
303
306
AMBUJACEM
199
203
207
211
214
ASIANPAINT
814
822
828
836
843
AXISBANK
455
462
474
481
493
BAJAJ-AUTO
2,543
2,560
2,580
2,597
2,617
BANKBARODA
159
161
163
165
167
BHARTIARTL
345
350
354
360
364
BHEL
195
199
206
210
218
BOSCHLTD
20,818
20,943
21,125
21,250
21,432
BPCL
854
867
888
900
922
CAIRN
150
152
155
157
159
CIPLA
680
686
695
701
711
COALINDIA
314
318
325
329
336
DRREDDY
4,025
4,123
4,182
4,280
4,338
GAIL
295
304
315
325
336
GRASIM
3,615
3,644
3,671
3,700
3,727
HCLTECH
866
871
878
883
890
HDFC
1,243
1,254
1,270
1,281
1,297
HDFCBANK
1,092
1,098
1,106
1,112
1,121
HEROMOTOCO
2,588
2,607
2,622
2,642
2,656
HINDALCO
82
83
84
85
86
HINDUNILVR
787
794
806
813
825
ICICIBANK
272
274
276
IDEA
139
140
141
143
144
INDUSINDBK
900
907
916
923
931
INFY
1,126
1,135
1,146
1,155
1,166
ITC
342
346
351
355
360
KOTAKBANK
652
658
667
672
681
LT
1,448
1,460
1,478
1,489
1,507
LUPIN
1,891
1,906
1,921
1,935
1,950
M&M
1,203
1,216
1,226
1,239
1,249
MARUTI
4,364
4,402
4,457
4,495
4,550
NTPC
125
126
129
130
133
ONGC
247
249
252
254
257
PNB
126
127
130
131
133
POWERGRID
124
126
128
130
133
RELIANCE
930
936
940
946
950
SBIN
233
235
238
240
244
SUNPHARMA
104
106
107
108
109
TATAMOTORS
859
869
885
895
912
TATAPOWER
378
385
391
397
403
TATASTEEL
68
69
69
70
71
TCS
241
244
248
251
255
TECHM
2,462
2,478
2,507
2,524
2,552
ULTRACEMCO
539
544
550
555
562
VEDL
2,846
2,880
2,912
2,947
2,979
WIPRO
566
570
575
579
584
YESBANK
693
718
733
758
773
ZEEL
409
413
418
421
426
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Technical & Derivatives Report
October 30, 2015
Research Team Tel: 022 - 39357800
For Technical Queries
For Derivatives Queries
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