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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

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Technical & Derivatives Report


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
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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

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Technical & Derivatives Report


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

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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

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Technical & Derivatives Report


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
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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

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Technical & Derivatives Report


April 21, 2016

Research Team Tel: 022 - 39357800


For Technical Queries

E-mail: technoedge@angelbroking.com

For Derivatives Queries

E-mail: derivatives.desk@angelbroking.com

Website: www.angelbroking.com

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