Technical & Derivatives Report

Transcription

1 Sensex (24492) / Nifty (7438) Yesterday, our markets opened on a subdued note as compared to Monday s close. Subsequently, we witnessed a range bound action within merely 60 points on Nifty throughout the session to conclude on a flat note. Exhibit 1: Nifty Daily Chart Technically speaking, we are not observing any major change in the chart structure, except, a positive crossover in RSI- Smoothened oscillator on daily chart. Considering this evidence, we maintain our view that the Nifty is likely to extend this bounce towards levels. On the flipside, 7327 is now seen as an immediate support level for the index. The coming session may trade with enhanced volatility on account of January series derivative expiry on NSE. Thus, traders should make a note of it and accordingly, form your trading strategies for the day. Key Levels Support Resistance Support Resistance Bank Nifty Outlook - (15535) The Nifty Bank index opened with marginal gains and traded in a narrow range throughout the session. Eventually, the banking index ended the session with negligible losses of 0.17 percent over its previous close. Exhibit 2: Bank Nifty Daily Chart Although the index remained in a narrow range, we witnessed positive biasness in the PSU banking space which led to gains of 1.28% in Nifty PSU Bank index and thus it outperformed the benchmark. The rangebound movement in last couple of sessions just seems to be a pause within this pullback move. We are thus, expecting further upside in the Nifty Bank index in near term. Owing to F&O expiry slated today, we may see volatility in the stock specific moves and thus traders are advised to remain light on their positions with proper exit strategy. For short term trading, the crucial support for the index is placed around and whereas resistances are seen around and Key Levels Support Resistance Support Resistance

2 Comments The Nifty futures open interest has increased by 16.63% BankNifty futures open interest has decreased by 1.54% as market closed at levels. The Nifty January future closed at a discount of 4.35 points against a discount of 0.70 points. The February series closed at a premium of 5.55 points. The Implied Volatility of at the money options has increased from 14.61% to %. The total of the market is Rs. 2,66,296/- cr. and the stock futures is Rs. 65,858 /- cr. Few of the liquid counters where we have seen high cost of carry are UNITECH, JPASSOCIAT, RELINFRA, GAIL and FEDERALBNK. Nifty Vs Views FIIs were net seller in both equity cash and Index future Gainers segment on Monday. They sold equities to the tune of Rs. 366 crores; while in Index Futures, they sold worth Rs. 619 crores with significant rise in, indicating short POWERGRID build-up in last trading session. GODREJCP In Index Options front, FII s were net buyers of Rs KSCL crores with marginal change in. In call options, 7450 INDUSINDBK strike was active and they added some. Good amount ADANIPOWER of unwinding was seen in 7600 call options. While in put options, 7400 strike added good amount of, followed Losers by unwinding in 7300 put option. Maximum build-up in current series is now visible in 7500 call and 7400 put options. We believe, we may not see any major fall or ARVIND bounce in Nifty from current levels in January series. IOB Nifty may test the resistance zone of levels; MCLEODRUSS one should book profits near these levels. UNIONBANK APOLLOTYRE Historical Volatility HV Put-Call Ratio PCR- PCR-VOL DIVISLAB POWERGRID PIDILITIND UNIONBANK HINDZINC NIFTY BANKNIFTY SBIN RELIANCE INFY Strategy Date Symbol Strategy Status January 04, 2016 SBIN Ratio Bear Put Spread Loss booked on Jan 15, 2016 January 11, 2016 TCS Short Strangle Profit booked on Jan 18, 2016 January 18, 2016 HINDUNILVR Short Strangle Profit booked on Jan 25, 2016 January 25, 2016 TCS Long Call Didn t triggered 2

3 FII Statistics for 27-January 2015 Detail Buy Sell Net Contracts Open Interest Value (in Cr.) Change (%) (619.34) (0.08) (36.95) (1.23) TOTAL Turnover on 27-January 2015 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 (Jan. Series) are given as an information and not as a recommendation. Nifty Put-Call Analysis 3

4 Daily Pivot Levels for Nifty 50 Stocks Scrips S2 S1 PIVOT R1 R2 ACC 1,214 1,222 1,236 1,244 1,258 ADANIPORTS AMBUJACEM ASIANPAINT AXISBANK BAJAJ-AUTO BANKBARODA 2,259 2,281 2,307 2,329 2,355 BHARTIARTL BHEL BOSCHLTD BPCL 16,998 17,141 17,383 17,526 17,768 CAIRN CIPLA COALINDIA DRREDDY GAIL 2,870 2,921 2,952 3,003 3,034 GRASIM HCLTECH 3,372 3,398 3,441 3,467 3,509 HDFC HDFCBANK 1,147 1,158 1,173 1,185 1,200 HEROMOTOCO 1,023 1,030 1,039 1,045 1,055 HINDALCO 2,429 2,456 2,502 2,529 2,575 HINDUNILVR ICICIBANK IDEA INDUSINDBK INFY ITC 1,126 1,132 1,141 1,147 1,156 KOTAKBANK LT LUPIN 1,085 1,096 1,109 1,121 1,134 M&M 1,626 1,658 1,691 1,723 1,756 MARUTI 1,127 1,152 1,175 1,200 1,223 NTPC 4,041 4,076 4,128 4,163 4,215 ONGC PNB POWERGRID RELIANCE SBIN ,002 1,007 1,015 VEDL SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL TCS 2,262 2,291 2,311 2,339 2,359 TECHM ULTRACEMCO 2,714 2,733 2,759 2,778 2,804 WIPRO YESBANK ZEEL

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