Technical & Derivatives Report

March 15, 2016

Sensex (24804) / Nifty (7539)

Exhibit 1: Nifty Daily Chart

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 and
continued 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
7550 7580 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 8336.30 to
6825.80. Yesterday, we witnessed a formation of a Doji
candle, which can be a short term reversal trigger on a close
below 7515 levels. Going forward, immediate resistance for
the Nifty is placed at 7550 7600 levels; whereas, intraday
support levels are seen at 7515 - 7460 levels.
Key Levels
Support 1 7515

Resistance 1 7550

Support 2 7460

Resistance 2 7600

Exhibit 2: Nifty Bank Daily Chart

Nifty Bank Outlook - (15278)

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 15000 - 15450. Till
the time, Nifty Bank index doesnt 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 15700,
which coincides with daily 89EMA. Going forward, the
intraday support for the index are placed around 15140 and
15000 levels; whereas, resistances are seen around 15452
and 15700.
Key Levels
Support 1 15140

Resistance 1 15452

Support 2 15000

Resistance 2 15700

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March 15, 2016

Comments

Nifty Vs OI

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.

Views

OI Gainers

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

SCRIP
They bought equities to the tune of Rs. 1036 crores.
While in Index Futures, they were net buyers of Rs. 861
CUMMINSIND
crores with marginal in OI, suggesting blend of both
HEXAWARE
long formation and short covering in last trading session.
JSWENERGY
In Index Options front, FIIs bought of Rs. 238 with some
GRANULES
rise in OI. The overall activity in both callwww.angelbroking.com
and put options
IOB
was subdued but 7600 call and 7500 put strike were
comparatively active. Maximum OI in current series is
OI Losers
visible in 7500 call and 7200 put options. Despite
SCRIP
market trading in a narrow range, FIIs continue to pour
in liquidity in our market. While in Index Future too they
ONGC
have been buying in a good way. Seeing the above data,
MINDTREE
we suggest to trade with a positive bias.
KOTAKBANK

Historical Volatility
SCRIP

OI

OI
CHG. (%)

PRICE

PRICE

CHG. (%)

78600

35.05

847.25

-0.53

2538000

12.70

261.85

1.91

5712000

9.17

68.30

0.00

2905000

8.80

125.55

-1.18

13594000

7.65

26.90

2.87

OI

OI
CHG. (%)

PRICE

PRICE

CHG. (%)

21978000

-6.60

208.50

1.44

2851200

-6.58

654.15

-1.46

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
HV

SCRIP

PCR-OI

PCR-VOL

DLF

75.04

NIFTY

0.96

0.93

WOCKPHARMA

80.61

BANKNIFTY

1.06

0.87

UCOBANK

77.29

SBIN

0.75

0.53

HDIL

69.47

ICICIBANK

0.91

0.50

SAIL

60.92

RELIANCE

0.52

0.39

Strategy Date

Symbol

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

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Technical & Derivatives Report

March 15, 2016

FII Statistics for 14-March 2016

Turnover on 14-March 2016

Open Interest

Detail

Buy

Sell

Net
Contracts

Value
(in Cr.)

Change
(%)

No. of
Contracts

Turnover
( in Cr. )

Change
(%)

INDEX
FUTURES

262278

13759.52

-27.83

INDEX
OPTIONS

2716761

150455.99

-27.85

Instrument

INDEX
FUTURES

1865.95

1004.88

INDEX
OPTIONS

21289.19

21050.58

STOCK
FUTURES

2677.79

2930.91

(253.12)

1038751

47035.85

(0.73)

STOCK
FUTURES

421534

19508.42

-16.81

STOCK
OPTIONS

1808.52

1778.26

30.26

77097

3519.19

4.60

STOCK
OPTIONS

299995

13942.44

12.50

27641.46

26764.63

876.83

2807177

144628.59

0.20

TOTAL

3700568

197666.37

-24.97

TOTAL

861.08
238.61

313185
1378144

17261.62

0.38

76811.93

0.63

Nifty Spot = 7538.75

Lot Size = 75

Bull-Call Spreads

Bear-Put Spreads

Action

Strike

Price

Buy

7600

70.95

Sell

7700

35.45

Buy

7600

70.95

Risk

Reward

BEP

35.50

64.50

7635.50

55.05
Sell

7800

15.90

Buy

7700

35.45
19.55

Sell

7800

15.90

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144.95

80.45

Action

Strike

Price

Buy

7500

78.15

Sell

7400

47.90

Buy

7500

78.15

Sell

7300

28.95

Buy

7400

47.90

Sell

7300

28.95

7655.05

7719.55

Risk

Reward

BEP

30.25

69.75

7469.75

49.20

150.80

7450.80

18.95

81.05

7381.05

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

Nifty Put-Call Analysis

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Technical & Derivatives Report

March 15, 2016

Daily Pivot Levels for Nifty 50 Stocks

Scrips
ACC

S2

S1

PIVOT

R1

R2

1,226

1,231

1,235

1,240

1,244

ADANIPORTS

225

229

233

237

241

AMBUJACEM

200

202

204

206

208

ASIANPAINT

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

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

3,156

3,195

3,221

3,260

3,286

335

339

344

348

354

3,542

3,565

3,596

3,619

3,650

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

BOSCHLTD

DRREDDY
GAIL
GRASIM
HCLTECH

HINDALCO

83

84

85

86

87

HINDUNILVR

839

848

854

863

869

217
219
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ICICIBANK

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

1,033

SBIN

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

2,306

2,331

2,364

2,389

2,422

453

461

467

476

481

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

TCS
TECHM
ULTRACEMCO

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Technical & Derivatives Report

March 15, 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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