tech derivatives dailyreport 150316

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Technical & Derivatives Report

March 15, 2016

1www.angelbroking.com

In line with the benchmark indices, the Nifty Bank index has

also seen a gap up opening and moved higher in first hour of

the trade. However, we witnessed a correcting price action in

remaining part of the day. Eventually, the Nifty Bank index

ended the session with the gains of 0.72 percent over its

previous trade.

After the range bound move in last week, yesterday also, the

banking index traded within the range of 1 5 0 0 0 - 1 5 4 5 0 . Till

the time, Nifty Bank index doesn’t move decisively above the

higher end of mentioned range, it would be difficult for index

to pick momentum. In near term, major resistance for the

index is seen around the January month's high of 1 5 7 0 0 ,

which coincides with daily ‘89EMA’. Going forward, the

intraday support for the index are placed around 1 5 1 4 0 and

1 5 0 0 0 levels; whereas, resistances are seen around 1 5 4 5 2

and 1 5 7 0 0 .

Key Levels

Support 1 – 15140 Resistance 1 – 15452


Ni fty Bank Outlook - (15278)

Yesterday, the Nifty opened with the gains of half a percent

owing to positive global cues. Post the positive momentum of

initial hour of the trade, the index started correcting andcontinued to make lower lows. However, Nifty traded in

positive territory throughout the session and closed with the

gains of 0.38 percent over its previous close.

Once again, Nifty struggled to sustain above the resistance of

7 5 5 0 – 7 5 8 0 levels, which is previous breakdown level on the

daily chart and also coincides with the ‘89 DEMA’ and 50%

retracement level of the previous down move from 8 3 3 6 . 3 0 to

6 8 2 5 . 8 0 . Yesterday, we witnessed a formation of a ‘Doji’

candle, which can be a short term reversal trigger on a close

below 7 5 1 5 levels. Going forward, immediate resistance forthe Nifty is placed at 7 5 5 0 – 7 6 0 0 levels; whereas, intraday

support levels are seen at 7 5 1 5 - 7 4 6 0 levels.

Key Levels



Sensex (24804) / Nif ty (7539) Exhibit 1: Nifty Daily Chart

Exhibit 2: Nifty Bank Daily Chart



Technical & Derivatives Report March 15, 2016

2

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Ni fty Vs OI

Views

FIIs continue buying in both cash and F&O segment.

They bought equities to the tune of Rs. 1036 crores.

While in Index Futures, they were net buyers of Rs. 861

crores with marginal in OI, suggesting blend of both

long formation and short covering in last trading session.

In Index Options front, FIIs bought of Rs. 238 with some

rise in OI. The overall activity in both call and put options

was subdued but 7600 call and 7500 put strike were

comparatively active. Maximum OI in current series isvisible in 7500 call and 7200 put options. Despite

market trading in a narrow range, FIIs continue to pour

in liquidity in our market. While in Index Future too they

have been buying in a good way. Seeing the above data,

we suggest to trade with a positive bias.

Historical Volatility

SCRIP HV

DLF 75.04

WO CKPHARMA 80.61

U C O BA N K 77.29

HDIL 69.47

SAIL 60.92

Strategy D ate Sym bol Strategy Status

February 29, 2016 RELIANCE Ratio Bull Call Spread Active

March 05, 2016 BHEL Long Call Ladder Active

March 12, 2016 NIFTY Ratio Bull Call Spread Not Activated

Comments

The Nifty futures open interest has decreased by 0.10%

BankNifty futures open interest has increased by 1.30%

as market closed at 7538.75 levels.

The Nifty March future closed at a premium of 8.10

points against a premium of 2.00 points. The April series

closed at a premium of 45.10 points.

The Implied Volatility of at the money options has

increased from 14.33% to 14.70%.

The total OI of the market is Rs. 2,27,201/- cr. and the

stock futures OI is Rs. 55,750/ - cr.

Few of the liquid counters where we have seen high cost

of carry are UCOBANK, UNITECH, GMRINFRA, NCC

and FEDERALBNK.

OI Gainers

SCRIP OIOI

CHG. (%)PRICE

PRICE

CHG. (%)

C U M M I N S I N D 78600 35.05 847.25 -0.53

HEXAWARE 2538000 12.70 261.85 1.91

JSWEN ERG Y 5712000 9.17 68.30 0.00

G RANU LES 2905000 8.80 125.55 -1.18

IO B 13594000 7.65 26.90 2.87

OI Losers

SCRIP OIOI

CHG. (%)PRICE

PRICE

CHG. (%)

O N G C 21978000 -6.60 208.50 1.44

M IN DTREE 2851200 -6.58 654.15 -1.46

KO TAKBANK 8232700 -4.46 640.15 -0.94

BPCL 7048800 -3.99 806.50 0.07

MARUTI 3027000 -3.04 3658.25 0.33

Put-Call Ratio

SCRIP PCR-OI PCR-VOL

N IFTY 0.96 0.93

BAN KNIFTY 1.06 0.87

SBIN 0.75 0.53

ICIC IBAN K 0.91 0.50

RELIAN C E 0.52 0.39




3



Note: Above mentioned Bullish or Bearish Spreads in Nifty (March Series) are given as an information and not as a recommendation.

Nifty Spot = 7538.75 Lot Size = 75

FII Statistics for 14-March 2016

Detail Buy Sell N et O pen Interest

ContractsValue

(in Cr.)

Change

(%)

INDEX

FUTURES 1865.95 1004.88 861.08 313185 17261.62 0.38

INDEXOPTIONS

21289.19 21050.58 238.61 1378144 76811.93 0.63

STOCKFUTURES

2677.79 2930.91 (253.12) 1038751 47035.85 (0.73)

STOCKOPTIONS

1808.52 1778.26 30.26 77097 3519.19 4.60

TOTAL 27641.46 26764.63 876.83 2807177 144628.59 0.20

Turnover on 14-March 2016

InstrumentNo. of

Contracts

Turnover

( in Cr. )

Change

(%)

INDEX

FUTURES 262278 13759.52 -27.83

INDEXOPTIONS

2716761 150455.99 -27.85

STOCKFUTURES

421534 19508.42 -16.81

STOCKOPTIONS

299995 13942.44 12.50

TOTAL 3700568 197666.37 -24.97

Bull-Call Spreads

Action Strike Price Risk Rewa rd BEP

Buy 7600 70.9535.50 64.50 7635.50

Sell 7700 35.45

Buy 7600 70.9555.05 144.95 7655.05

Sell 7800 15.90

Buy 7700 35.4519.55 80.45 7719.55

Sell 7800 15.90

Bear-Put Spreads

Action Strike Price Risk Rewa rd BEP

Buy 7500 78.1530.25 69.75 7469.75

Sell 7400 47.90

Buy 7500 78.1549.20 150.80 7450.80

Sell 7300 28.95

Buy 7400 47.9018.95 81.05 7381.05

Sell 7300 28.95

Nifty Put-Call Analysis




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Daily Pivot Levels for Nifty 50 Stocks

Scrips S2 S1 PIVOT R1 R2

ACC 1,226 1,231 1,235 1,240 1,244

ADANIPORTS 225 229 233 237 241

AMBUJACEM 200 202 204 206 208ASIANPAINT 882 891 897 906 912

AXISBANK 408 412 417 421 426

BAJAJ-AUTO 2,286 2,302 2,317 2,332 2,348

BANKBARODA 139 140 142 143 144

BHARTIARTL 328 334 338 345 348

BHEL 101 103 105 108 109

BOSCHLTD 17,385 17,688 18,053 18,356 18,722

BPCL 789 797 805 813 821

CAIRN 145 149 150 154 155

CIPLA 524 531 537 544 551

COALINDIA 289 293 296 300 303

DRREDDY 3,156 3,195 3,221 3,260 3,286

GAIL 335 339 344 348 354

GRASIM 3,542 3,565 3,596 3,619 3,650

HCLTECH 818 823 827 832 835

HDFC 1,132 1,145 1,160 1,174 1,188

HDFCBANK 1,018 1,023 1,030 1,035 1,043

HEROMOTOCO 2,783 2,799 2,818 2,835 2,853

HINDALCO 83 84 85 86 87

HINDUNILVR 839 848 854 863 869

ICICIBANK 217 219 221 223 225

IDEA 100 100 102 103 104

INDUSINDBK 910 915 924 929 938

INFY 1,129 1,135 1,145 1,151 1,160

ITC 320 323 324 327 328

KOTAKBANK 622 630 640 647 657

LT 1,161 1,172 1,190 1,201 1,218

LUPIN 1,842 1,855 1,865 1,879 1,888

M&M 1,187 1,199 1,218 1,230 1,249

MARUTI 3,596 3,622 3,653 3,679 3,710

NTPC 125 126 127 128 129

ONGC 204 206 208 210 211

PNB 81 81 82 83 84

POWERGRID 137 138 138 139 140

RELIANCE 1,006 1,013 1,020 1,026 1,033SBIN 179 181 182 183 185

VEDL 87 88 89 90 92

SUNPHARMA 848 855 866 873 884

TATAMOTORS 354 360 365 372 377

TATAPOWER 59 59 59 60 60

TATASTEEL 292 295 297 300 302

TCS 2,306 2,331 2,364 2,389 2,422

TECHM 453 461 467 476 481

ULTRACEMCO 2,963 2,986 3,005 3,028 3,048

WIPRO 534 537 540 544 547

YESBANK 790 796 803 809 816

ZEEL 392 396 402 406 412




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tech derivatives dailyreport 150316

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