Derivatives. Rollover Report. NIFTY & PCR Graph. Indices Change. Monthly Gainers. Monthly Losers. January 27, 2017

Transcription

1 Derivatives Report January 27, 2017 Nifty (73.12%) inaugurated the first series of year 2017 with a constructive move. in Nifty in terms of percentage as well as open interest is on the upper side. Nifty rallied nearly 6% MoM with good amount of long positions and rollover figure suggests that these positions are still intact. FIIs too added significant longs in Index Futures in recent up move and as a result, their Long-Short ratio in Index future segment jumped from 67% to 82%. They rolled more than 75% of their longs, which clearly depicts their optimistic stance on our market ahead of Union Budget. On options front, being start of new series the overall build-up is quite scattered. However, 8700 & 9000 call options and 8400 & 8500 put options are attracting trader s attention. At current juncture, the overall data indicates continuation in ongoing momentum in near term too. Thus, traders are advised to avoid shorting in index and use declines as a buying opportunity. in BANKNIFTY (60.79%) are below its average in percentage terms; however, its inline in terms of open interest. We witnessed good amount of longs in the range of and we believe these positions got rolled too. The overall banking and financial basket (except LICHSGFIN) performed well in January series. At current juncture, banking index has strong support at levels. Considering overall data, it s advisable to trade banking stocks with positive bias in near term. Indices NIFTY & PCR Graph INDEX 3 month avg. NIFTY BANKNIFTY NIFTYIT (1.29) NIFTYMID (12.13) - - NIFTYINFRA (6.82) - - Monthly Gainers Open Interest Ol JPASSOCIAT HAVELLS INDIACEM (16.10) SAIL (11.36) DLF (16.01) Note: Stocks which have more than 1000 contract in Futures. Monthly Losers Open Interest Ol DIVISLAB (14.47) MINDTREE (11.21) RCOM (7.73) INFY (5.61) HEXAWARE (4.25) Note: Stocks which have more than 1000 contract in Futures. SEBI Registration No: INB

2 Derivatives Report Banking and Financials HDFCBANK (74.38%) bounced from `1188 levels last series with good amount of open interest addition. In terms of percentage the rollover may seem to be on the lower side but it s high if open interest is considered. Thus, any dip near `1250- `1270 shall be a buying opportunity. SBIN (70.61%) is nearly 5% up series on series which was mainly due to short covering. However, we saw some fresh in last two-three trading session and we believe these positions are still intact. Thus, one should form fresh long between `552- `556 levels for the target of `578. Auto & Auto Ancillaries LICSGFIN (77.24%) is the only counter in this space that closed in red series on series. We witnessed significant build-up in correction from `560 to `517 levels. Although, this counter gave decent short covering bounced, still meaningful short are intact. Thus, we expect the up move to continue due to further short covering. TVSMOTORS (85.73%) rallied nearly 10% last series with good amount of longs. in this counter is above its averages both in terms of and percentage. Thus, this counter is a buy on dip for us. HEROMOTOCO (83.46%) traded in a narrow range in the start of January series. In last 3 trading sessions, we witnessed huge long positions when it bounced from `3058 levels and we believe these positions have been rolled too. Thus, traders are suggested to trade with a positive bias. in MARUTI (75.51%) is on the lower side. This counter rallied more than 9% but surprisingly no relevant longs were visible. Thus, trades should avoid forming longs at current levels unless we see relevant fresh longs in system. Oil & Gas RELIANCE (86.91%) is the only counter in large cap that underperformed (except some IT stocks). We witness huge short formation in this counter when it corrected from `1090-`1092 levels. At present. RELIANCE is trading near its support zone of Rs. `1000-`1020 levels. We expect some short covering bounce which may bring it near `1080-`1082 levels. GAIL (79.98%) rallied nearly with 70% (MoM) rise in open interest. Majority of the positions formed were on long side and these positions got rolled too. Thus, any dip near `460-`465 levels shall be a buying opportunity. One can expect `480-`482 levels in near term. Few counters like CAIRN (91.54%), PETRONET (87.38%) and IGL (79.02%) has high rollovers in this space. For Private Circulation Only SEBI Registration No: INB

3 Derivatives Report Metal & Mining HINDALCO (88.28%) was one of the major gainer in this space. The stock has added good amount of long positions and the same got rolled too. Stock has breached its immediate resistance of `180 `182 and managed to sustain above the same. Stock may rally further towards `198 `200 levels. Thus, trade with positive bias. VEDL (76.84%) is continuously attracting long positions. From last few months, corrections are not supported by short formations; while, we witnessed good amount of long build-up in up moves. Traders should use declines as a buying opportunity. Some of the liquid counters with high rollovers in this space are JINDALSTEL (92.11%), JSWSTEEL (86.05%) and SAIL (85.74%). Pharmaceuticals Open Interest of LUPIN (70.42%) remained flat on Month-on-Month basis and rollovers are also below its quarterly average. In last few days, we witnessed long build-up in the stock and any move above its resistance of `1530 `1540 may result into decent rally in the counter. DIVISLAB (87.60%) was the biggest loser in this space and added huge amount of short positions in last series. Shorts positions have got rolled too. Traders should avoid bottom fishing at current juncture. in DRREDDY (70.75%) is below its averages. Recently, the stock has rebounded from its support zone of ` `2920 along with formation of fresh longs. Currently, the stock is light on positions and further long build-up may lead to an up move towards `3120 `3140 levels. IT INFY (79.78%) was one of the major Nifty losers in January series and we also witnessed short formations in that correction. Most of the shorts are still intact in the system and thus traders should refrain forming long positions at current levels. HCLTECH (82.68%) has added mixed positions in last series and most of them are still intact. s are marginally higher than its average. Currently, the stock has strong support at `830 levels and resistance at `880 levels. Traders should wait for further development in data before initiating any fresh position in the counter. MINDTREE (88.50%) was the major loser in this space and added highest on Month-on-Month basis. Stock added huge shorts in January series and rollovers are also above its average. The stock may continue to correct towards its strong support zone of `420 `425. For Private Circulation Only SEBI Registration No: INB

4 Derivatives Report Futures COC PCR- AUTO & AUTO ANCILLARIES AMARAJABAT APOLLOTYRE ASHOKLEY BAJAJ-AUTO BHARATFORG (13.05) BOSCHLTD CASTROLIND (13.67) CEATLTD EICHERMOT (3.12) EXIDEIND (5.18) HEROMOTOCO M&M MARUTI (3.80) MOTHERSUMI MRF TATAMOTORS TATAMTRDVR TVSMOTOR BANKING & FINANCIALS ALBK (9.40) ANDHRABANK (0.78) AXISBANK (8.30) BAJFINANCE (26.50) BANKBARODA (0.36) BANKINDIA (10.33) BHARATFIN CANBK DCBBANK DHFL FEDERALBNK HDFC HDFCBANK IBULHSGFIN ICICIBANK (3.46) IDBI (29.13) IDFCBANK (2.03) IDFC IFCI (5.11) For Private Circulation Only SEBI Registration No: INB

5 Derivatives Report Futures COC PCR- INDUSINDBK KOTAKBANK KTKBANK L&TFH (9.61) LICHSGFIN (1.76) M&MFIN (8.96) ORIENTBANK PFC (6.77) PNB (24.06) RECLTD RELCAPITAL SBIN SOUTHBANK (4.04) SRTRANSFIN SYNDIBANK UNIONBANK (8.33) YESBANK CAPITAL GOODS & INFRASTRUCTURE ADANIPORTS BEML BHEL (9.07) CROMPGREAV (5.88) ENGINERSIN (3.80) (11.67) GMRINFRA (2.66) HAVELLS IRB JPASSOCIAT LT RELINFRA (20.95) SIEMENS VOLTAS CEMENT ACC AMBUJACEM GRASIM (15.02) INDIACEM (16.10) ULTRACEMCO (0.69) For Private Circulation Only SEBI Registration No: INB

6 Derivatives Report Futures COC PCR- CHEMICAL & FERTILIZERS PIDILITIND (24.41) TATACHEM UPL (1.18) CONSUMER GOODS & FMCG ASIANPAINT (14.76) BRITANNIA COLPAL DABUR (13.46) GODREJCP (17.58) HINDUNILVR ITC (2.14) JUBLFOOD (11.66) MARICO (34.47) MCLEODRUSS TATAGLOBAL TITAN (28.23) UBL INFORMATION TECHNOLOGY HCLTECH HEXAWARE (4.25) INFY (5.61) KPIT (8.38) MINDTREE (11.21) NIITTECH OFSS (4.61) TATAELXSI TCS TECHM (2.97) WIPRO (0.42) (16.87) MEDIA DISHTV SUNTV TV18BRDCST (0.27) ZEEL For Private Circulation Only SEBI Registration No: INB

7 Derivatives Report Futures COC PCR- METALS & MINING COALINDIA HINDALCO HINDZINC (8.19) JINDALSTEL JSWSTEEL (0.10) NMDC SAIL (11.36) TATASTEEL VEDL (0.77) MISCELLANIOUS ABIRLANUVO (21.96) ADANIENT BATAINDIA BEL CONCOR CUMMINSIND (12.92) GODREJIND (21.94) JETAIRWAYS (23.37) JISLJALEQS JUSTDIAL (24.14) KSCL (2.57) MCDOWELL-N PCJEWELLER SINTEX L & GAS BPCL (7.75) CAIRN GAIL HINDPETRO (5.34) IGL IOC L ONGC (6.53) PETRONET RELIANCE (4.11) For Private Circulation Only SEBI Registration No: INB

8 Derivatives Report Futures COC PCR- PHARMACEUTICAL AJANTPHARM (2.76) APOLLOHOSP AUROPHARMA (14.88) BIOCON CADILAHC (6.80) CIPLA (2.17) DIVISLAB (14.47) DRREDDY (2.26) GLENMARK (1.34) GRANULES LUPIN (1.00) STAR SUNPHARMA (10.30) TORNTPHARM WOCKPHARMA POWER ADANIPOWER CESC JSWENERGY NHPC NTPC POWERGRID (31.59) PTC RPOWER TATAPOWER TORNTPOWER REAL ESTATE DLF (16.01) HDIL IBREALEST NCC TELECOM BHARTIARTL IDEA INFRATEL RCOM (7.73) TATACOMM For Private Circulation Only SEBI Registration No: INB

9 Derivatives Report TEXTILES ARVIND CENTURYTEX ICIL (1.85) PAGEIND (9.72) SRF Research Team Tel: Website: DISCLAIMER Angel Broking Private Limited (hereinafter referred to as Angel ) is a registered Member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited and MCX Stock Exchange Limited. It is also registered as a Depository Participant with CDSL and Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel Broking Private Limited is a registered entity with SEBI for Research Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number INH Angel or its associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing /dealing in securities Market. Angel or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst. Angel or its associates/analyst has not received any compensation / managed or co-managed public offering of securities of the company covered by Analyst during the past twelve months. Angel/analyst has not served as an officer, director or employee of company covered by Analyst and has not been engaged in market making activity of the company covered by Analyst. This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment. Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's fundamentals. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we cannot testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While Angel Broking Pvt. Limited endeavors to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced, redistributed or passed on, directly or indirectly. Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in connection with the use of this information. Note: Please refer to the important Stock Holding Disclosure' report on the Angel website (Research Section). Also, please refer to the latest update on respective stocks for the disclosure status in respect of those stocks. Angel Broking Pvt. Limited and its affiliates may have investment positions in the stocks recommended in this report. Derivative Research Team derivatives.desk@angelbroking.com For Private Circulation Only SEBI Registration No: INB