Technical & Derivatives Report
November 30, 2016
Sensex (26350) / Nifty (8142)
Exhibit 1: Nifty Daily Chart
Yesterday, we had a flat opening owing to mixed global cues.
Subsequently, the index picked up a strong momentum in the
upward direction to move towards the 8200 mark. However, we
saw a corrective move towards the fag end to end the session with
marginal gains.
Although, our market is facing some resistance at higher level, we
would continue with our optimistic view in the near term. We
expect the index to gradually move towards 8250 - 8300 levels;
whereas on the lower side, 8120 - 8080 would act as a strong
support zone for the market. Going forward, we expect stock
specific bounce to continue in the market and hence, traders
should look for a buying opportunity in individual stocks that have
hammered down in the recent past and are trading around their
strong supports.
Key Levels
Support 1 - 8120
Resistance 1 - 8250
Support 2 - 8080
Resistance 2 - 8300
Nifty Bank Outlook - (18224)
Exhibit 2: Nifty Bank Daily Chart
The Nifty Bank index continued to underperform as compared to
the benchmark index and ended the session with loss of 0.42
percent.
In our yesterday's outlook, we had mentioned that the Nifty Bank
index has not been able to close above the '5 DEMA' during the
recent corrective move. The mentioned average is now placed
around
19385 and only on a close above the mentioned
average, one can expect a pullback move in the index. Until then,
we continue to advise traders to remain light on positions in the
index and trade on stock specific moves. The intraday supports
for the Nifty Bank index are placed around 18143 and 18050
whereas resistances are seen around 18385 and 18475.
Key Levels
Support 1 - 18143
Resistance 1 - 18385
Support 2 - 18050
Resistance 2 - 18475
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Technical & Derivatives Report
November 30, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 1.97%
BankNifty futures open interest has increased by 7.61%
as market closed at 8142.15 levels.
The Nifty December future closed with a premium of
29.90 against the premium of 23.70 points in last
trading session. The January series closed at a premium
of 60.05 points.
The Implied Volatility of at the money options has
decreased from 15.36% to 14.38%. At the same time,
the PCR-OI of Nifty has increased from 1.01 to 1.03
levels.
The total OI of the market is Rs. 2,20,712/- cr. and the
stock futures OI is Rs. 65,034/- cr.
Few of the liquid counters where we have seen high cost
of carry are IFCI, POWERGRID, NHPC, NMDC and
DCBBANK.
OI Gainers
Views
OI
PRICE
FIIs continue to sell in cash market segment to the tune of
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
Rs. 715 crores. While, in index futures, they were net
OIL
1130500
15.25
417.30
-2.55
buyers worth Rs. 615 crores with good amount of rise in
IGL
1256200
12.40
829.60
-1.29
open interest, indicating fresh long formation in previous
GODREJCP
478800
7.26
1419.60
-1.52
trading session.
www.angelbroking.com
CANBK
7200000
6.95
311.85
0.48
In Index options segment, FIIs were net buyers of Rs.
PAGEIND
37000
6.94
12779.05
-0.58
1426 crores with rise in open interest. In call option,
IBULHSGFIN
8918400
6.72
730.50
2.68
8200-8300 strikes added some fresh positions. While,
JSWENERGY
27088000
5.98
59.65
3.47
good amount of open interest addition was witnessed in
GLENMARK
2261000
5.94
891.35
-1.86
8200 put option. Highest OI in December series is visible
in 8300 call and 8000 put option.
OI Losers
Despite market being under pressure in second half of
OI
PRICE
yesterday’s session, FIIs were net buyers in Index Futures.
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
While, in Stock Futures they continue their buying streak.
GODREJIND
1369500
-9.51
385.15
4.19
However, in BankNifty options, we continue seeing good
AMBUJACEM
13525000
-5.40
205.95
0.66
amount of build-up in 17000 & 17500 put options which
NIITTECH
600500
-4.61
426.80
0.64
are mostly long positions. Taking into consideration the
HINDZINC
7856000
-4.40
282.85
-0.91
above data, we believe traders should remain cautious
HINDUNILVR
4330200
-4.03
836.15
-0.49
as BankNifty may underperform market due to which
SUNTV
6900000
-3.44
465.95
0.78
Nifty may find difficult to bounce back to higher levels.
MRF
24870
-3.15
49240.00
2.99
BEML
678500
-3.00
836.65
1.68
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
GODREJIND
37.15
NIFTY
1.03
0.97
BIOCON
39.94
BANKNIFTY
0.77
0.75
IDEA
46.39
SBIN
0.61
0.58
BHARATFIN
78.16
RELIANCE
0.62
0.43
MARUTI
42.72
ICICIBANK
0.48
0.40
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Technical & Derivatives Report
November 30, 2016
FII Statistics for November 29, 2016
Turnover on November 29, 2016
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
2147.09
1531.71
615.38
166452
10501.52
7.31
212764
13942.89
-2.02
FUTURES
FUTURES
INDEX
INDEX
28502.02
27075.67
1426.35
905902
56238.04
4.44
2904584
197152.61
24.80
OPTIONS
OPTIONS
STOCK
6438.95
5605.63
833.33
820676
49892.36
0.98
STOCK
FUTURES
450142
29961.92
1.80
FUTURES
STOCK
STOCK
2357.12
2344.58
12.54
44562
2859.05
21.52
OPTIONS
216720
14917.15
1.46
OPTIONS
TOTAL
39445.19
36557.59
2887.60
1937592
119490.98
3.51
TOTAL
3784210
255974.58
18.32
Nifty Spot = 8142.15
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
8200
120.40
Buy
8100
113.45
46.95
53.05
8246.95
28.55
71.45
8071.45
Sell
8300
73.45
Sell
8000
84.90
Buy
8200
120.40
Buy
8100
113.45
78.65
121.35
8278.65
50.60
149.40
8049.40
Sell
8400
41.75
Sell
7900
62.85
Buy
8300
73.45
Buy
8000
84.90
31.70
68.30
8331.70
22.05
77.95
7977.95
Sell
8400
41.75
Sell
7900
62.85
Note: Above mentioned Bullish or Bearish Spreads in Nifty (December Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
3
Technical & Derivatives Report
November 30, 2016
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ACC
1,289
1,304
1,322
1,338
1,355
ADANIPORTS
262
270
275
282
287
AMBUJACEM
202
204
205
207
209
ASIANPAINT
922
940
954
972
985
AUROPHARMA
723
732
739
748
756
AXISBANK
455
460
468
473
480
BAJAJ-AUTO
2,610
2,637
2,662
2,689
2,714
BANKBARODA
158
160
163
164
167
BHEL
127
128
129
130
132
BPCL
632
638
648
654
663
BHARTIARTL
313
319
323
328
332
INFRATEL
359
364
369
374
379
BOSCH
18,905
19,538
19,933
20,566
20,961
CIPLA
559
564
569
574
579
COALINDIA
301
305
309
313
317
DRREDDY
3,141
3,165
3,184
3,207
3,226
EICHERMOT
19,908
20,601
21,020
21,714
22,133
GAIL
412
420
425
432
437
GRASIM
835
842
847
855
860
HCLTECH
792
799
806
813
821
HDFCBANK
1,166
1,173
1,183
1,189
1,199
HDFC
1,217
1,237
1,261
1,280
1,304
HEROMOTOCO
3,031
3,097
3,140
3,206
3,249
HINDALCO
171
173
177
179
183
HINDUNILVR
824
828
835
839
845
ICICIBANK
251
253
256
258
261
IDEA
77
78
79
80
81
INDUSINDBK
1,030
1,045
1,057
1,072
1,085
INFY
957
965
975
983
992
ITC
227
229
232
234
238
KOTAKBANK
737
740
746
750
756
LT
1,337
1,345
1,358
1,366
1,378
LUPIN
1,473
1,495
1,509
1,532
1,546
M&M
1,141
1,164
1,182
1,205
1,223
MARUTI
4,817
4,960
5,040
5,183
5,263
NTPC
160
162
163
165
166
ONGC
278
282
285
288
291
POWERGRID
187
188
190
191
193
RELIANCE
981
989
997
1,005
1,013
SBIN
249
251
254
255
258
SUNPHARMA
691
699
710
718
730
TCS
2,229
2,244
2,268
2,284
2,308
TATAMTRDVR
289
293
297
301
304
TATAMOTORS
444
452
459
467
474
TATAPOWER
71
72
73
73
74
TATASTEEL
402
405
411
415
421
TECHM
473
479
487
492
500
ULTRACEMCO
3,450
3,493
3,528
3,571
3,606
WIPRO
458
462
464
468
470
YESBANK
1,128
1,136
1,150
1,158
1,172
ZEEL
446
451
459
465
472
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Technical & Derivatives Report
November 30, 2016
Research Team Tel: 022 - 39357800
For Technical Queries
For Derivatives Queries
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