Technical & Derivatives Report

December 21, 2016

Sensex (26308) / Nifty (8082)

Exhibit 1: Nifty Daily Chart

It was yet another day of consolidation with a slightly negative

bias for our markets. The Nifty started on a flat note and then saw
some selling pressure at the midst of the day to sneak below the
8100 mark. However, a modest recovery during the penultimate
hour trimmed some of their losses.
The market has been experiencing decent selling pressure at
higher levels since last few days. Due to yesterdays corrective
move the Nifty almost rested the recent swing low of 8056.85.
However, the hope is still alive for bulls as the Nifty managed to
gain some lost ground in the latter half. Since the important level
(8056.85) is still unbroken, we would maintain our optimistic
stance on the market and interpret this as a buying opportunity.
On the flipside, 8133 8179 would be seen as immediate
hurdles. Since, there is no major action seen in key indices,
traders are advised to continue with their stock centric approach.
Key Levels
Support 1 8056

Resistance 1 8133

Support 2 8000

Resistance 2 8179

Nifty Bank Outlook - (18069)

Exhibit 2: Nifty Bank Daily Chart

Post opening on a flat note, the Nifty Bank index corrected

yesterday and ended the session with a loss of 1.03 percent.
Amongst the individual stocks, the PSU Bank corrected sharply as
the Nifty PSU Bank index corrected by 2.53 percent yesterday.
The Nifty Bank index has closed tad above its crucial support of
'200 SMA' on daily charts, which is considered as a long term
support. The index has not closed below the mentioned average
since 25th May, 2016. It would hence be prudent to watch the
move in next few days as only a closing below the average would
favor the bears in near term. Thus, we continue with our last few
day's of advice to stay light on the index and focus more on stock
specific moves. The intraday support for the Nifty Bank index is
placed in range of 18000-17951 whereas resistance is seen in
range of 18200-18251.
Key Levels
Support 1 18000

Resistance 1 18200

Support 2 17951

Resistance 2 18251

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Technical & Derivatives Report

December 21, 2016

Comments

Nifty Vs OI

The Nifty futures open interest has increased by 0.85%

BankNifty futures open interest has increased by 14.30%
as market closed at 8082.40 levels.
The Nifty December future closed with a premium of
17.50 against the premium of 19.80 points in last
trading session. The January series closed at a premium
of 50.70 points.
The Implied Volatility of at the money options has
decreased from 12.48% to 10.67%. At the same time,
the PCR-OI of Nifty has decreased from 1.01 to 0.97
levels.
The total OI of the market is Rs. 2,66,158/- cr. and the
stock futures OI is Rs. 69,667/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, ASHOKLEY, RECLTD,
SOUTHBANK and IDFC.

Views

OI Gainers

Yesterday, FIIs were net sellers in cash market segment to

SCRIP
the tune of Rs. 686 crores. While in index futures, they
BHARATFIN
were net buyers to worth Rs. 188 crores with marginal
AUROPHARMA
rise in open interest, suggesting formation of some long
BAJFINANCE
positions in previous trading session.
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ALBK
In Index options segment, FIIs bought of Rs. 276 crores
M&MFIN
with marginal fall in open interest. In call options, 8100
and 8200 strikes added decent amount of fresh
IDEA
positions; followed by unwinding in 8500 strike. While, in
CANBK
put options, except 7900 strike, we hardly witnessed any
JUSTDIAL
relevant build-up. However, reduction of positions was
seen in 8000 and 8200 strikes. Highest OI in current
OI Losers
series is placed at 8300 call and 8000 put option.
SCRIP
From last couple of sessions, we are witnessing some
SUNTV
long build in Index Futures from FIIs desk. However
IGL
quantam is quite low. Also, the longs formed during
start of December series are still intact. But, the major
APOLLOTYRE
concern at current juncture is FIIs selling figure in Stock
KSCL
Future segment. Currently, Nifty is hovering around its
TATACHEM
strong support of 8050-8100 levels and thus we advise
PIDILITIND
traders to remain light on positions and focus more on
BEML
stock specific moves.
ZEEL

Historical Volatility

OI

OI
CHG. (%)

PRICE
CHG. (%)

PRICE

12502000

15.77

582.70

-3.59

11092900

10.56

674.00

-3.71

8553500

8.73

803.45

-2.54

16260000

8.11

63.00

-4.33

11395000

8.04

251.40

-3.42

78604000

7.35

72.90

-4.08

13668000

7.12

291.65

-2.25

4656800

6.55

352.75

-5.03

OI

OI
CHG. (%)

PRICE

PRICE

CHG. (%)

7706000

-5.66

493.25

1.25

1636800

-5.46

898.40

-1.72

8646000

-5.07

195.15

-0.13

2649000

-4.85

398.95

-1.59

4258500

-4.57

487.95

-0.16

1601000

-4.30

601.00

-0.25

722700

-4.19

906.85

-1.16

9699300

-3.98

448.80

1.63

Put-Call Ratio
HV

SCRIP

PCR-OI

PCR-VOL

JUSTDIAL

43.05

NIFTY

0.97

0.78

ALBK

43.01

BANKNIFTY

0.81

0.83

GRANULES

46.64

SUNPHARMA

0.43

0.49

UBL

27.72

SBIN

0.55

0.48

AUROPHARMA

39.02

RELIANCE

1.02

0.75

SCRIP

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Technical & Derivatives Report

December 21, 2016

FII Statistics for December 20, 2016

Turnover on December 20, 2016

Open Interest

Detail

Buy

Sell

Net
Contracts

Value
(in Cr.)

Change
(%)

Instrument

No. of
Contracts

Turnover
( in Cr. )

Change
(%)

INDEX
FUTURES

1519.08

1331.12

187.96

173816

10956.94

1.00

INDEX
FUTURES

204083

13422.95

74.89

INDEX
OPTIONS

34705.77

34981.37

(275.59)

1138343

70251.25

0.89

INDEX
OPTIONS

4203684

280475.98

73.59

STOCK
FUTURES

5732.04

6673.79

(941.75)

902650

53975.59

0.68

STOCK
FUTURES

463841

29639.28

30.80

STOCK
OPTIONS

3604.75

3678.31

(73.56)

90298

5696.14

3.17

STOCK
OPTIONS

342717

23241.05

40.20

45561.65

46664.60

(1102.94)

2305107

140879.92

0.90

TOTAL

5214325

346779.25

66.33

Risk

Reward

BEP

30.30

69.70

8069.70

43.75

156.25

8056.25

13.45

86.55

7986.55

TOTAL

Nifty Spot = 8082.40

Lot Size = 75

Bull-Call Spreads

Bear-Put Spreads

Action

Strike

Price

Buy

8100

52.60

Sell

8200

17.80

Buy

8100

52.60

Risk

Reward

BEP

34.80

65.20

8134.80

46.55
Sell

8300

6.05

Buy

8200

17.80
11.75

Sell

8300

6.05

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153.45

88.25

Action

Strike

Price

Buy

8100

55.85

Sell

8000

25.55

Buy

8100

55.85

Sell

7900

12.10

Buy

8000

25.55

Sell

7900

12.10

8146.55

8211.75

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

Nifty Put-Call Analysis

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Technical & Derivatives Report

December 21, 2016

Daily Pivot Levels for Nifty Constituents

Scrips
ACC

S2

S1

PIVOT

R1

R2

1,262

1,278

1,289

1,305

1,316

ADANIPORTS

265

269

272

276

280

AMBUJACEM

199

202

204

207

209

ASIANPAINT

847

857

869

878

891

AUROPHARMA

654

663

679

688

704

AXISBANK

455

458

464

467

473

2,521

2,554

2,608

2,640

2,695

BANKBARODA

152

154

157

159

162

BHEL

120

120

121

122

123

BPCL

604

608

613

617

622

BHARTIARTL

295

299

303

307

310

INFRATEL

338

342

346

349

353

18,780

19,008

19,379

19,607

19,978

CIPLA

555

559

566

571

578

COALINDIA

287

289

291

292

294

3,005

3,026

3,057

3,078

3,109

BAJAJ-AUTO

BOSCH

DRREDDY
EICHERMOT

20,685

20,921

21,335

21,571

21,985

GAIL

420

425

429

434

437

GRASIM

814

821

827

835

841

HCLTECH

820

825

830

835

839

HDFCBANK

1,166

1,174

1,180

1,187

1,193

HDFC

1,212

1,224

1,240

1,252

1,268

HEROMOTOCO

3,002

3,031

3,073

3,102

3,144

165

167

169

172

HINDALCO

163
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HINDUNILVR

790

796

804

810

819

ICICIBANK

246

249

253

255

259

IDEA

71

72

74

76

78

1,054

1,063

1,076

1,085

1,098

INFY

993

1,003

1,011

1,020

1,029

ITC

226

228

229

231

233

KOTAKBANK

713

716

719

722

726

LT

1,337

1,346

1,354

1,363

1,371

LUPIN

1,419

1,434

1,461

1,476

1,503

M&M

1,162

1,170

1,178

1,186

1,194

MARUTI

5,034

5,071

5,109

5,146

5,185

NTPC

160

161

162

163

164

ONGC

196

198

200

202

204

INDUSINDBK

POWERGRID

180

181

183

184

185

1,050

1,054

1,057

1,062

1,065

SBIN

247

251

257

261

267

SUNPHARMA

613

621

629

637

645

2,266

2,303

2,324

2,361

2,382

TATAMTRDVR

296

297

298

300

301

TATAMOTORS

467

470

472

476

478

74

75

77

78

80

393

398

406

411

419

RELIANCE

TCS

TATAPOWER
TATASTEEL
TECHM
ULTRACEMCO
WIPRO
YESBANK
ZEEL

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470

473

477

480

484

3,074

3,110

3,140

3,176

3,205

458

462

466

470

474

1,118

1,133

1,158

1,173

1,198

436

442

446

452

456

Technical & Derivatives Report

December 21, 2016

Research Team Tel: 022 - 39357800

For Technical Queries

E-mail: technicalresearch-cso@angelbroking.com

For Derivatives Queries

E-mail: derivatives.desk@angelbroking.com

Website: www.angelbroking.com

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