Tech Derivatives DailyReport 210416

Technical & Derivatives Report
April 21, 2016
Exhibit 1: Nifty Daily Chart
Sensex (25844) / Nifty (7915)

Yesterday, we saw Nifty opening with an upside gap owing to
positive global cues on Tuesday. However, the index corrected
immediately post the opening tick and registered almost an
Open High, which remained a strong hurdle for the day. Due to
minor dip during the day, the Nifty ended the session almost at
the same level where it closed on Monday.
With reference to our previous report, we witnessed a hint of
profit booking after entering mentioned resistance zone of 7930
7972. We maintain our wait n watch approach at this juncture
and would advise traders to lighten up existing longs until Nifty
doesnt indicate a breakout beyond the 8000 mark. In case of a
continued profit booking, we may see Nifty correcting back to
7842 7775 levels. Traders are advised to keep focusing on
individual stocks which have a strong chart structure.
Key Levels
Support 1 7842
Resistance 1 7930
Support 2 7775
Resistance 2 7972
Exhibit 2: Nifty Bank Daily Chart
Nifty Bank Outlook - (16350)

Yesterday, The Nifty Bank index traded in a narrow range and
eventually ended the session with gains of 0.78% over its previous
close.
The banking index has ended the session marginally positive led
by some private sector banks. However, the index is hovering
near its resistance zone of 16500-16550, which is 127%
reciprocal retracement level of the previous corrective move from
16283 to 15440. The mentioned resistance level coincides with
the Super Trend resistance and 89 EMA on weekly chart.
Hence, although the index may move marginally higher from
current levels, the cluster of resistances suggests that traders
should not create fresh long positions in the index. In fact, at
higher levels, it would be a prudent strategy to book profits on
long positions. Unless any reversal signs seen, stock specific
positive action may continue, which traders should concentrate on
with proper risk management strategy. The intraday support for
the index is placed in range of 16150 - 16080 whereas
resistances are seen around 16450 and 16510.
Key Levels
Support 1 16150
Resistance 1 16450
Support 2 16080
Resistance 2 16510
www.angelbroking.com

April 21, 2016
Comments
Nifty Vs OI
The Nifty futures open interest has increased by 5.59%

BankNifty futures open interest has increased by 9.70%
as market closed at 7914.75 levels.
The Nifty April future closed at a premium of 15.10
points against a premium of 5.60 points. The May series
closed at a premium of 55.15 points.
The Implied Volatility of at the money options has
decreased from 15.16% to 15.13%.
The total OI of the market is Rs. 2,30,491/- cr. and the
stock futures OI is Rs. 58,946/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, NHPC, NMDC, APOLLOHOSP
and M&M.
Views
FIIs activity in cash market segment was subdued. While

in Index Futures, they continue buying of Rs. 1328 crores
with good amount of rise in OI, suggesting fresh long
formation in last trading session.
OI Gainers
SCRIP
OI
UBL
UNIONBANK
In Index Options front, FIIs were net sellers of Rs. 1152
WIPRO
crores with some rise in OI. In call options, 8100 strike
from past 2-3 trading sessions has been continuously
PETRONET
adding fresh longs. Some unwinding was
visible in 8000
IGL
call options, which may be covering by writers of this call
option. Whereas, 7900 put options added good amount
OI Losers
of OI, we believe FIIs are writing this strike expecting
SCRIP
expiry above these levels. Maximum OI in current series
is visible in 8000 call and of put options has shifted from
CONCOR
7500 to 7800 strike. After continuous profit booking, we
NCC
witnessed formation of fresh long positions in Index
MCLEODRUSS
Futures. We expect Nifty to test 8000 levels in current
PAGEIND
series, trade accordingly.
PRICE
CHG. (%)
PRICE
951500
24.30
768.90
-2.23
10926000
20.48
127.60
-0.47
8776000
20.45
603.85
2.23
5409000
16.47
268.00
-1.54
1636800
13.50
573.45
0.92
GODREJIND
Historical Volatility
OI
CHG. (%)
OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
382800
-10.56
1381.60
3.82
8776000
-9.71
75.50
1.68
2541000
-8.26
195.35
-1.11
65000
-7.87
13555.00
5.89
1147900
-6.06
374.05
-0.77
Put-Call Ratio
HV
SCRIP
PCR-OI
PCR-VOL
TV18BRDCST
54.72
NIFTY
1.08
1.04
CESC
34.69
BANKNIFTY
1.02
0.94
VEDL
79.98
SBIN
0.35
0.27
TATACHEM
46.93
INFY
0.60
0.47
TATASTEEL
59.31
TCS
0.67
0.65
SCRIP
Strategy Date
Symbol
Strategy
Status
April 04, 2016
TCS
Ratio Bear Put Spread
Active
April 11, 2016
ITC
Short Strangle
Active
April 18, 2016
NIFTY
Long Call
Active

April 21, 2016
FII Statistics for 20-April 2016
Turnover on 20-April 2016

Open Interest
Detail
Buy
Sell
Net
Contracts
Value
(in Cr.)
Instrument
No. of
Contracts
Turnover
( in Cr. )
Change
(%)
Change (%)
INDEX
FUTURES
3234.08
1906.02
1328.05
254055
14745.94
5.09
INDEX
FUTURES
316042
17564.00
18.14
INDEX
OPTIONS
36219.37
37371.16
(1151.79)
1164158
68309.02
2.11
INDEX
OPTIONS
4113294
239293.19
33.87
STOCK
FUTURES
5112.36
5689.70
(577.33)
1006286
48698.24
0.07
STOCK
FUTURES
655237
33175.81
20.58
STOCK
OPTIONS
3694.74
3706.27
(11.53)
87151
4280.48
5.82
STOCK
OPTIONS
418656
21734.72
7.05
48260.55
48673.14
(412.60)
2511650
136033.69
1.69
TOTAL
5503229
311767.72
29.13
Risk
Reward
BEP
28.00
72.00
7872.00
42.30
157.70
7857.70
14.30
85.70
7785.70
TOTAL
Nifty Spot = 7914.75
Lot Size = 75
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Buy
7900
86.45
Sell
8000
38.35
Buy
7900
86.45
Risk
Reward
BEP
48.10
51.90
7948.10
73.50
Sell
8100
12.95
Buy
8000
38.35
25.40
Sell
8100
12.95
126.50
74.60
Action
Strike
Price
Buy
7900
56.30
Sell
7800
28.30
Buy
7900
56.30
Sell
7700
14.00
Buy
7800
28.30
Sell
7700
14.00
7973.50
8025.40
Note: Above mentioned Bullish or Bearish Spreads in Nifty (April Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis

April 21, 2016
Daily Pivot Levels for Nifty Constituents

Scrips
ACC
S2
S1
PIVOT
R1
R2
1,449
1,458
1,470
1,479
1,491
ADANIPORTS
229
231
234
236
239
AMBUJACEM
222
224
228
230
234
ASIANPAINT
870
878
883
891
895
AUROPHARMA
748
759
777
788
806
AXISBANK
438
449
455
465
471
2,479
2,506
2,539
2,566
2,599
BANKBARODA
144
148
151
155
158
BHEL
131
132
133
134
135
BPCL
940
947
958
966
977
BHARTIARTL
348
353
359
363
369
INFRATEL
375
381
389
395
403
19,687
19,837
20,068
20,219
20,450
CIPLA
514
521
526
532
537
COALINDIA
273
276
279
282
285
3,082
3,095
3,113
3,126
3,143
20,118
20,314
20,447
20,644
20,776
353
360
365
373
378
4,017
4,055
4,097
4,135
4,177
BAJAJ-AUTO
BOSCH
DRREDDY
EICHERMOT
GAIL
GRASIM
HCLTECH
819
830
846
857
873
HDFCBANK
1,077
1,088
1,094
1,104
1,110
HDFC
1,121
1,130
1,145
1,154
1,168
HEROMOTOCO
2,963
3,001
3,040
3,078
3,117
99
101
103
105
HINDALCO
97
HINDUNILVR
888
896
901
909
914
ICICIBANK
232
235
237
241
243
IDEA
113
115
118
120
123
INDUSINDBK
967
977
983
992
998
1,218
1,230
1,238
1,251
1,259
ITC
330
333
335
338
341
KOTAKBANK
675
681
686
693
698
LT
1,241
1,253
1,261
1,273
1,281
LUPIN
1,539
1,557
1,573
1,592
1,608
M&M
1,283
1,302
1,323
1,343
1,364
MARUTI
3,607
3,636
3,680
3,709
3,754
NTPC
138
140
141
142
143
ONGC
207
208
209
211
212
INFY
POWERGRID
143
145
148
150
152
1,014
1,026
1,047
1,059
1,081
SBIN
182
185
187
189
191
SUNPHARMA
819
824
830
835
841
2,380
2,415
2,475
2,510
2,570
TATAMTRDVR
295
298
302
306
309
TATAMOTORS
395
400
405
409
415
69
70
71
72
73
330
344
351
365
373
RELIANCE
TCS
TATAPOWER
TATASTEEL
TECHM
470
477
483
489
495
3,294
3,336
3,395
3,438
3,497
WIPRO
582
592
600
610
617
YESBANK
867
874
885
892
902
ZEEL
390
395
403
408
417
ULTRACEMCO

April 21, 2016
Research Team Tel: 022 - 39357800

For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]
Website: www.angelbroking.com
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.

Tech Derivatives DailyReport 210416

Uploaded by

Copyright:

Available Formats

Tech Derivatives DailyReport 210416

Uploaded by

Document Information

Original Description:

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Tech Derivatives DailyReport 210416

Uploaded by

Copyright:

Available Formats

Technical & Derivatives Report

April 21, 2016

Exhibit 1: Nifty Daily Chart

Sensex (25844) / Nifty (7915)

Exhibit 2: Nifty Bank Daily Chart

Nifty Bank Outlook - (16350)

Technical & Derivatives Report

The Nifty futures open interest has increased by 5.59%

FIIs activity in cash market segment was subdued. While

April 04, 2016

Ratio Bear Put Spread

April 11, 2016

April 18, 2016

Technical & Derivatives Report

FII Statistics for 20-April 2016

Turnover on 20-April 2016

Nifty Spot = 7914.75

Nifty Put-Call Analysis

Technical & Derivatives Report

Daily Pivot Levels for Nifty Constituents

Technical & Derivatives Report

Research Team Tel: 022 - 39357800

For Derivatives Queries

You might also like