October 09, 2015

Sensex (26846) / Nifty (8129)

Exhibit 1: Nifty Daily Chart

Yesterday, our markets opened marginally higher despite mixed

global cues. However, this early lead was very short lived as the

benchmark index immediately slipped inside the negative territory

and traded with a negative bias throughout the remaining part of

the day to close with half a percent cut.

We have been stating in our previous reports that the Nifty is

trading around the strong resistance zone. In-line with our view,

the Nifty corrected right from the initial trades and thus, the

'Hanging Man' candlestick pattern formed on Tuesday remained

intact as the Nifty couldn’t sustain above its high for few minutes

also. The Nifty gave a stupendous rally in previous six days during

which the index didn’t even come closer its previous day’s low.

However, yesterday, we saw Nifty sliding and closing below

Wednesday’s low of 8132.90. Such price development indicates

exhaustion in the ongoing optimism. Going forward, we continue

to observe a strong resistance zone around 8200 - 8225 levels.

Thus, it’s advisable not to trade aggressively on the long side. On

the other hand, a sustainable move below 8096.50 may result

into some correction towards 8050 - 8000 levels.

Source: Falcon

Bank Nifty Outlook - (17617)

Exhibit 2: Bank Nifty Daily Chart

Post the flat opening, the Bank Nifty started correcting from the

first tick and continued to make ‘Lower Lows’ throughout the

session. The most of the damage was done in the first half of the

session during which the banking index breached last two trading

sessions’ low with an ease. However, due to some recovery in the

latter half, the banking index trimmed some of its intraday losses

and eventually ended the session with a loss of 0.81 percent over

its previous close. The Bank Nifty has been correcting since last

three trading sessions and thus, showing its underperformance

after facing a resistance around the gap area (created on August

24, 2015), which coincides with the ’89 EMA’ on the daily chart.

Going forward, the immediate support for the Bank Nifty is

placed at 17360 and 17100. On the flipside, the 17675 and

17842 will now act as a crucial resistance zone for the index.

Source: Falcon

October 09, 2015

Comments

Nifty Vs OI

 The Nifty futures open interest has increased by 0.28%

BankNifty futures open interest has decreased by 4.44%

as market closed at 8129.35 levels.

 The Nifty October future closed at a premium of 27.90

points against a premium of

17.25 points. The

November series closed at a premium of 66.60 points.

 The Implied Volatility of at the money options has

increased from 17.06% to 18.05%.

 The total OI of the market is Rs. 2,11,188/- cr. and the

stock futures OI is Rs. 58,345/- cr.

 Few of the liquid counters where we have seen high cost

of carry are JPASSOCIAT, AMTEKAUTO, GMRINFRA,

BHARTIARTL and UNITECH.

Views

OI Gainers

PRICE

 Yesterday, FIIs were marginal sellers in cash market

SCRIP

PRICE

CHG. (%)

segment. They bought Index Futures to the tune of Rs.

MINDTREE

331350

17.58

1468.30

-3.61

577 crores with rise in OI, suggesting continuation of

CADILAHC

1473000

17.18

411.80

-3.28

long formation in last trading session too.

NMDC

15290000

13.42

93.60

-1.68

INFRATEL

1587300

10.90

412.45

-4.66

 In Index Options front, FIIs bought of Rs. 370 crores with

JSWENERGY

5882000

10.77

89.60

-2.29

rise in OI. In call options, we saw some OI addition in

the range of 8200-8500 strikes. While in put options,

good amount of build-up was visible in 7900 & 8100

OI Losers

strikes, followed by unwinding in 7800 put option.

PRICE

SCRIP

PRICE

CHG. (%)

Maximum OI is seen in 8300 call and 8100 put options.

INDIACEM

17946000

-15.46

79.05

2.20

8150-8200 is a major resistance for market; we suggest

IRB

3737800

-7.44

251.35

-0.81

waiting and watching for these levels before forming any

CIPLA

9308100

-5.33

680.55

-0.30

fresh positions in Nifty.

KSCL

1170250

-5.15

467.25

-1.48

HINDZINC

2176800

-4.16

144.50

-2.20

Historical Volatility

Put-Call Ratio

SCRIP

PCR-OI

PCR-VOL

DIVISLAB

40.56

NIFTY

1.02

0.95

GLENMARK

45.17

BANKNIFTY

1.10

0.82

MCLEODRUSS

58.68

INFY

0.59

0.56

MINDTREE

43.17

SBIN

0.45

0.37

CADILAHC

43.20

TATAMOTORS

1.00

0.79

Strategy Date

Symbol

Strategy

Status

September 28, 2015

NIFTY

Long Strangle

Active

October 05, 2015

SBIN

Ratio Bear Put Spread

Active

October 09, 2015

FII Statistics for 08-October 2015

Turnover on 08-October 2015

Open Interest

No. of

Turnover

Change

Detail

Buy

Sell

Net

Instrument

Contracts

( in Cr. )

(%)

Contracts

Value

Change

INDEX

1455.55

878.91

576.64

998193

22377.92

1.40

523874

14168.64

-7.42

FUTURES

INDEX

6400.05

6029.44

370.61

2140116

66684.82

3.82

4514432

102659.89

-8.94

OPTIONS

STOCK

1844.53

2475.90

(631.37)

1783885

46458.65

(0.03)

STOCK

814897

21602.67

-10.33

FUTURES

STOCK

1506.00

1568.81

(62.81)

105676

2869.92

8.49

OPTIONS

396355

10395.87

-15.38

OPTIONS

TOTAL

11206.13

10953.06

253.07

5027870

138391.31

2.04

TOTAL

6249558

148827.07

-9.48

Nifty Spot = 8129.35

Lot Size = 25

Bull-Call Spreads

Bear-Put Spreads

Action

Strike

Price

Risk

Reward

BEP

Action

Strike

Price

Risk

Reward

BEP

Buy

8200

112.25

8100

117.50

45.85

54.15

8245.85

31.00

69.00

8069.00

Sell

8300

66.40

8000

86.50

Buy

8200

112.25

8100

117.50

77.35

122.65

8277.35

55.10

144.90

8044.90

Sell

8400

34.90

7900

62.40

Buy

8300

66.40

8000

86.50

31.50

68.50

8331.50

24.10

75.90

7975.90

Sell

8400

34.90

7900

62.40

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

Nifty Put-Call Analysis

October 09, 2015

Daily Pivot Levels for Nifty 50 Stocks

Scrips

PIVOT

SENSEX

26,552

26,699

26,909

27,056

27,267

NIFTY

8,053

8,091

8,144

8,182

8,235

BANKNIFTY

17,278

17,376

17,499

17,598

17,721

ACC

1,338

1,347

1,354

1,363

1,371

AMBUJACEM

207

208

210

211

213

ASIANPAINT

851

863

871

883

891

AXISBANK

476

484

492

500

508

BAJAJ-AUTO

2,365

2,398

2,439

2,472

2,513

BANKBARODA

180

183

187

190

194

BHARTIARTL

333

337

341

346

350

BHEL

198

201

204

206

209

BOSCHLTD

20,834

21,100

21,300

21,566

21,766

BPCL

836

846

856

866

876

CAIRN

161

165

168

171

174

CIPLA

663

672

681

689

698

COALINDIA

341

343

346

349

351

DRREDDY

4,180

4,203

4,223

4,246

4,266

GAIL

298

302

308

311

317

GRASIM

3,617

3,636

3,654

3,672

3,691

HCLTECH

801

815

826

840

851

HDFC

1,251

1,264

1,272

1,286

1,293

HDFCBANK

1,068

1,075

1,083

1,091

1,098

HEROMOTOCO

2,504

2,523

2,542

2,561

2,581

HINDALCO

HINDUNILVR

809

816

824

830

838

ICICIBANK

274

276

279

282

285

IDEA

153

155

157

159

162

INDUSINDBK

927

936

945

954

962

INFY

1,112

1,122

1,136

1,146

1,159

ITC

329

334

340

345

352

KOTAKBANK

641

647

656

662

670

1,506

1,520

1,534

1,548

1,563

LUPIN

1,997

2,021

2,051

2,074

2,104

M&M

1,251

1,262

1,278

1,289

1,306

MARUTI

4,290

4,322

4,364

4,396

4,439

NMDC

NTPC

124

125

127

128

129

ONGC

249

253

257

261

265

PNB

135

137

139

141

144

POWERGRID

131

132

133

134

RELIANCE

868

879

897

907

925

SBIN

239

241

243

245

247

VEDL

SUNPHARMA

897

906

920

930

943

TATAMOTORS

338

341

344

347

350

TATAPOWER

TATASTEEL

233

237

240

244

246

TCS

2,586

2,610

2,644

2,668

2,702

TECHM

553

558

565

570

578

ULTRACEMCO

2,718

2,768

2,798

2,848

2,878

WIPRO

580

585

591

596

602

YESBANK

713

720

728

735

743

ZEEL

390

394

399

403

408

October 09, 2015

Research Team Tel: 022 - 39357800

Website: www.angelbroking.com

For Technical Queries

E-mail: [email protected]

For Derivatives Queries

E-mail: [email protected]

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