Technical & Derivatives Report

Transcription

1 Sensex (26740) / Nifty (8204) Exhibit 1: Nifty Hourly Chart Yesterday, our markets too opened higher mirroring positive global cues. In fact, after a decent consolidation, the Nifty extended this early morning lead to reclaim the 8200 mark on a closing basis. Albeit, we have been maintaining our positive stance on the market since last couple of months, we expected a minor pull back during yesterday s session. Quite surprisingly for us, the Nifty gave a decent intraday rally to retest the 8200 mark. But still, considering the resistance zone (on hourly chart) of 78.6% retracement of the recent fall from to and the June series derivative expiry, we expect the Nifty to remain volatile. For the forthcoming session, resistance levels are seen around levels; on the other hand, intraday support is placed at Momentum traders are advised to stay light on positions and directional traders should use dips to accumulate value buying propositions. Key Levels Support Resistance Support Resistance Nifty Bank Outlook - (17690) Exhibit 2: Nifty Bank Daily Chart The Nifty Bank index opened higher in yesterday's session and traded with a positive bias to end the session with gains of 0.73 percent over its previous session's close. The index remained in the positive territory for last three trading sessions. The trend continues to remain sideways as the index has been trading in a small range after facing a strong resistance at On daily charts, the 'Super Trend' indicator is in buy mode since first week of March and has not given any signs of change in trend. The support as per the indicator is placed around 17348, which is now seen as a crucial support for the index. A breakout above the recent high of or a breakdown below the mentioned support of will lead to a directional move in the index. Till then, traders should focus on stock specific trades with proper risk management. The intraday supports for the index are placed around and 17430; whereas, resistances are seen at and Key Levels Support Resistance Support Resistance

2 Comments The Nifty futures open interest has increased by 3.78% BankNifty futures open interest has increased by 4.34% as market closed at levels. The Nifty June future closed with a premium of 0.50 points against a premium of 8.20 points in previous session. The July series closed at a premium of points. The Implied Volatility of at the money options has decreased from 18.50% to 15.99%. The total of the market is Rs. 2,78,067/- cr. and the stock futures is Rs. 70,567/- cr. Few of the liquid counters where we have seen high cost of carry are UNITECH, MINDTREE, IDFC, GMRINFRA and EXIDEIND. Nifty Vs Views Gainers FIIs were marginal buyers in cash market segment. While in Index Futures, after long time we saw buying figure of Rs. 683 crores with decent amount of rise in open JPASSOCIAT interest, indicating fresh long formation in last trading JETAIRWAYS session. KSCL On Index Options front, FIIs bought worth Rs. 686 crores with some rise in open interest. In Call options, NMDC strikes added decent amount of, which is blend NHPC of both long and shorts. Good amount of unwinding was also visible in call option. On the other hand in Put options, meaningful addition was seen in strikes; these are mostly long formation expecting market to correct. Seeing the quantum of put buying, we believe we may see some correcting and expect June expiry closing near 8150 levels. Rollovers in Nifty and BankNifty are on the higher side at 60.37% and 53.19% respectively. Losers UCOBANK MCLEODRUSS DLF CEATLTD AJANTPHARM Historical Volatility HV SKSMICRO HEROMOTOCO INDIACEM DLF BOSCHLTD Put-Call Ratio PCR- PCR-VOL NIFTY BANKNIFTY SBIN TATAMOTORS RELIANCE Strategy Date Symbol Strategy Status May 30, 2016 TCS Ratio Bull Call Spread Active June 06, 2016 NIFTY Long Call Exited at Cost June 13, 2016 ONGC Ratio Bull Call Spread Active June 20, 2016 MARUTI Long Call Ladder Active June 27, 2016 PNB Long Call Ladder Active 2

3 FII Statistics for 29-June 2016 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) (2.67) (97.92) (0.98) TOTAL (0.15) Turnover on 29-June 2016 Instrument No. of Contracts Turnover ( in Cr. ) Change (%) TOTAL Nifty Spot = Lot Size = 75 Bull-Call Spreads Action Strike Price Risk Reward BEP Bear-Put Spreads Action Strike Price Risk Reward BEP Buy Sell Buy Sell Buy Sell Buy Sell Buy Sell Buy Sell Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation. Nifty Put-Call Analysis 3

4 Daily Pivot Levels for Nifty Constituents Scrips S2 S1 PIVOT R1 R2 ACC 1,578 1,590 1,603 1,615 1,629 ADANIPORTS AMBUJACEM ASIANPAINT ,003 1,012 AUROPHARMA AXISBANK BAJAJ-AUTO 2,625 2,635 2,643 2,653 2,661 BANKBARODA BHEL BPCL 1,035 1,045 1,053 1,062 1,070 BHARTIARTL INFRATEL BOSCH 21,898 22,292 22,546 22,940 23,194 CIPLA COALINDIA DRREDDY 3,222 3,248 3,285 3,311 3,348 EICHERMOT 18,896 19,006 19,178 19,288 19,459 GAIL GRASIM 4,424 4,449 4,475 4,500 4,526 HCLTECH HDFCBANK 1,156 1,162 1,166 1,172 1,176 HDFC 1,224 1,236 1,244 1,256 1,263 HEROMOTOCO 2,989 3,073 3,119 3,202 3,248 HINDALCO HINDUNILVR ICICIBANK IDEA INDUSINDBK 1,068 1,085 1,097 1,115 1,127 INFY 1,153 1,165 1,172 1,184 1,192 ITC KOTAKBANK LT 1,467 1,472 1,483 1,488 1,498 LUPIN 1,504 1,519 1,539 1,553 1,573 M&M 1,399 1,409 1,417 1,427 1,435 MARUTI 4,066 4,094 4,118 4,146 4,169 NTPC ONGC POWERGRID RELIANCE SBIN SUNPHARMA TCS 2,445 2,473 2,493 2,520 2,540 TATAMTRDVR TATAMOTORS TATAPOWER TATASTEEL TECHM ULTRACEMCO 3,345 3,370 3,395 3,420 3,445 WIPRO YESBANK 1,061 1,065 1,075 1,079 1,088 ZEEL

5 Research Team Tel: Website: 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 INH 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