Institutional Research

Technical Report
Closing Brief

16 November 2016

Technical & Derivative Report

World
Indices

Daily
Ch(Pts)

LTP

Dow Jones

Daily
Ch(%)

18923

54

0.29

Nasdaq

5275

57

1.10

S&P 500

2180

16

0.75

FTSE 100

6792

39

0.59

DAX

10735

41

0.39

Hang Seng

22421

97

0.44

Bearish candle with increase in volume

Sell crossover in oscillators.
Lower band of Bollinger exist at 8255
Crucial moving average of 20/50 SMA are at 8545 and 8672
200 SMA trend deciding level exist at 8119

Nikkei

17862

194

1.10

Sensex

26304

-514

-1.92

Outlook for the day

Silver ($/Oz)

The Indian equities market dropped 2.26% extending losses for the second
straight session. It settled the day around its six months low at 8,108.45 levels
on worries about growth in the near term post demonetization and capital
outflows as U.S. bond yields surged and the dollar strengthened.

Technical Build up

Ashika Stock Broking Limited

Indian Equity market continues to reel under pressure and lost over two percent
on Tuesday, citing mixed global cues and fear of slowdown in economy post
demonetisation. Strengthening of bond yields and US dollar on US presidentelect Donald Trump policy also weighed on market sentiment. On the technical
front, Markets are in a bear grip as Nifty closes below its 200-DMA which can
accentuate the weakness in the coming weeks. However, momentum studies
have entered an oversold state and the Put-Call ratio at 0.70 is also indicating an
oversold condition that can trigger a pullback rally. For the near term, Nifty is
likely to oscillate between 8050 and 8400 and broader markets to continue
seeing pronounced bearish activity. Going forward, index has immediate support
placed around 8050 followed by 8000 levels while on higher side immediate
resistance is seen around 8200 followed by 8300 levels. On the F&O front
increase in OI followed by decrease in price indicates short buildup while on the
option front the maximum OI addition is seen at 8400 CE followed by 8200 CE.
On the flip side 8400 PE and 8300 CE has seen more unwinding of long.

Nifty

8108

Commodity
/Forex
Gold ($/Oz)

-187
Daily
Ch(Pts)

LTP

-2.26
Daily
Ch(%)

1232.40

7.90

17.23

0.18

0.65
1.07

Copper(USd/lb.)

249.40

-1.10

-0.44

Brent
Crude(USD/bbl)
USD/INR

46.74

-0.21

-0.45

67.74

0.49

0.74

USD/YEN

108.85

-0.35

-0.32

USD/EUR

1.0745

0.0023

0.21

Support/Resistance levels for Indian Equity Indices

S1

S2

CMP

R1

R2

Sensex

26070

25845

26304

26595

26740

Nifty

8040

7970

8108

8195

8240

Nifty (Fut)

8070

8000

8139

8225

8270

Pivot Level
Sensex

26455

Nifty

8163

US: US market closed higher on Tuesday,

lifted by a sharp rally in energy stocks, while
the technology sector rebounded after a
post-election sell-off. Technically DJIA is
presently trading at the 5th leg through
Elliot wave count with negative divergence in
oscillators.

Increase in OI with Increase in Price (Long

Buildup)
OI Chg
Pr.Ch
g (%)
Symbol Prev OI Curr OI (%)
Curr Pr.
BANKBA
RODA
10361 12077
16.6
174.8 8.3
TCS
22327 24838
11.3
2159.5 2.3
M&MFI
N
4893
5368
9.7
292 1.6
HINDUN
ILVR
9178
9988
8.8
806.05 0.5
WIPRO
6700
7228
7.9
448.55 1.2

Increase in OI with Decrease in Price (Short

Buildup)
OI Chg
Pr.Chg
Symbol Prev OI Curr OI (%)
Curr Pr. (%)
INDUSIN
DBK
6293
8927
41.9
1096 [8.5]
MARUTI 16000 21517
34.5 4856.65 [5.8]
ACC
3321
4238
27.6 1345.05 [4.2]
HINDAL
CO
8886 10981
23.6 169.45 [2.1]
DCBBAN
K
536
656
22.4 102.2 [13.2]

1008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Ph- 022 6611 1700, Extn. - 704 www.ashikagroup.com

Institutional Research

Derivative Report

Technical & Derivative Report

Nifty declined by 2.26% with Nifty future added 23.9 lakh shares in open interest and stock future added 36.1 Lakh shares in
open interest.
-Nifty PCR decreased to 0.72 from 0.83
-Total Nifty Calls added 104.3 lakh shares in open interest.
-Total Nifty Puts shaded 15.8 lakh shares in open interest.
-Maximum open interest (Nifty) in Calls for Oct series is at 8700 and 8000 put.
-FIIs sold net Rs.2353.82 Cr(provisional), while DIIs sold net Rs.104.83 Cr in cash market.
-FII sold net Rs.4827.84 Cr in F&O
-Securities in Ban Period: NIL

Nifty Tracker
PARTICULARS
Spot
% Change in Spot
Nifty(FUT) Nov
Nifty(FUT) Nov Vol.
Nifty(FUT) Nov - OI
Nifty(FUT) Dec
Nifty(FUT) Dec Vol.
Nifty(FUT) Dec - OI

15/11/2016
8108.45
-2.26%
8139.55
254311
19533600
8191.65
18108
1708350

11/11/2016
8296.3
-2.69%
8327.95
247448
17516325
8381.15
12556
1379475

10/11/2016
8525.75
1.11%
8553.35
185038
17023275
8604.95
9538
1263600

09/11/2016
8432
-1.31%
8462.7
457804
16679925
8515.95
24189
1249350

Ashika Stock Broking Limited

Trade Statistics for 15/11/2016

PARTICULARS
NSE Index Futures
NSE Stock Futures
NSE Index Options
NSE Stock Options
NSE F&O Total Turnover
NSE Cash Turnover
BSE Cash Turnover
Total Turnover

NO. OF CONTRACTS

TURNOVER (RS. CR.)

PUT CALL RATIO

4,05,042
7,38,102
57,24,194
5,36,629
74,03,967
-

27043
48801
3,86,343.28
38109
500,296
32,455.37
6529.98
539281

0.53
0.79
-

FII Corner (F&O)

FII NET BUYING/SELLING & CHANGE IN OPEN INTEREST (Cr. Rupee)
15/11/2016
11/11/2016
Net Buying
Change In Open
Net Buying
Change In Open
/Selling
interest
/Selling
interest

PARTICULARS
Index Future
Index option
Stock Future
Stock option
Total

-1356
-2298
-1013
-161
-4828

933
-483
-1000
455
-96

-1020
-2375
-1708
-142
-5245

10/11/2016
Net Buying
Change In Open
/Selling
interest

-1136
6054
-1231
334
4021

205
1261
558
-47
1977

121
3294
1517
579
5511

Market Open Interest

Contracts

Index Futures
Index Options
Stock Futures
Stock Options
F&O Total

15/11/2016

2066
-1160
11129
516
12551

ADDITION/REDUCTION IN MARKET OPEN INTEREST

11/11/2016
10/11/2016

102
-1571
-4671
1646
-4494

926
2899
14884
1940
20649.3

09/11/2016

08/11/2016

892
-2569
2350
531
1204.66

-73
-67
10973
1136
11968.34

1008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Ph- 022 6611 1700, Extn. - 704 www.ashikagroup.com

Institutional Research
Technical & Derivative Report

Nifty Option Open Interest Statistics

Ashika Stock Broking Limited

Expiry
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
29-Dec-16
29-Dec-16

Strike
8400
8200
8300
8500
8700
8250
8600
8100
8000
8700

NIFTY OPTIONS HIGHEST ADDITION IN OPEN INTEREST

Option Type
Settlement Price
Volume
CE
28.65
314839
CE
93.8
216829
CE
54.25
347443
CE
15.2
304594
CE
5.35
169470
CE
71.6
26697
CE
8.45
221444
CE
145.85
36505
PE
122.25
39700
CE
27.8
24836

Open Interest
5443275
3496875
4185525
6015525
6517200
523650
5309025
966600
3161375
1105775

Change In OI
2427075
2313750
2113200
971550
706800
500700
487725
476775
363675
303075

Expiry
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16

Strike
8400
8300
8200
8500
8800
9000
8900
8600
8800
8450

NIFTY OPTIONS HIGHEST REDUCTION IN OPEN INTEREST

Option Type
Settlement Price
Volume
PE
281.9
53167
PE
210.15
158486
PE
149.35
355366
PE
366.85
26915
CE
3.7
111600
CE
2.55
53583
CE
2.85
62022
PE
461.7
11127
PE
656.3
3537
CE
21
27113

Open Interest
2875725
2765025
4221150
2272200
5220225
5545500
3034875
1761600
874275
458850

Change In OI
-1243650
-927150
-632850
-490125
-421275
-384750
-233475
-175350
-156675
-152700

Stock Option Open Interest Statistics

Symbol
ASHOKLEY
RCOM
VEDL
ASHOKLEY
TATAMOTORS
L&TFH
VEDL
TATAMOTORS
JPASSOCIAT
RCOM

Symbol
BANKBARODA
ICICIBANK
VEDL
RCOM
BANKBARODA
JPASSOCIAT
TATASTEEL
BANKBARODA
TATASTEEL
VEDL

Expiry
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16

Expiry
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16
24-Nov-16

STOCK OPTIONS WITH HIGHEST ADDITION IN OPEN INTEREST

Strike
Option Type
Settl. Price
Volume
90
CE
0.9
3013
42.5
CE
0.65
653
230
CE
2.8
1652
85
CE
1.95
611
480
CE
10.85
2874
90
CE
2.1
429
220
CE
4.8
937
500
CE
6.05
2920
10
CE
0.1
96
40
CE
1.4
180

STOCK OPTIONS WITH HIGHEST REDUCTION IN OPEN INTEREST

Strike
Option Type
Settl. Price
Volume
170
CE
9.85
2875
340
CE
0.25
746
220
PE
14.75
963
50
CE
0.15
335
160
CE
17.05
781
7.5
PE
0.15
37
400
PE
15.7
3066
165
CE
13.4
581
420
PE
29.6
616
225
PE
17.75
318

Open Interest
7175000
3600000
3942000
1869000
1152000
1152000
2508000
1158000
8772000
1180000

Open Int.
1746500
615000
1074000
6050000
938000
3264000
836000
567000
518000
342000

Change in OI
2387000
1590000
1548000
1323000
1129500
1116000
1080000
981000
952000
920000

Change in OI
-1501500
-1155000
-1152000
-1000000
-738500
-544000
-486000
-479500
-474000
-474000

1008, Raheja Centre, 214, Nariman Point, Mumbai-400 021, Ph- 022 6611 1700, Extn. - 704 www.ashikagroup.com

Institutional Research
Technical & Derivative Report

Ashika Stock Broking Limited

signed by
BOTHRA Digitally
BOTHRA PARAS
2016.11.16
PARAS Date:
08:09:52 +05'30'
Name

Designation

Email ID

Contact No.

Paras Bothra

President Equity Research

paras@ashikagroup.com

+91 22 6611 1704

Krishna Kumar Agarwal

Equity Research Analyst

krishna.a@ashikagroup.com

+91 33 4036 0646

Partha Mazumder

Equity Research Analyst

partha.m@ashikagroup.com

+91 33 4036 0647

Arijit Malakar

Equity Research Analyst

amalakar@ashikagroup.com

+91 33 4036 0644

Chanchal Bachhawat

Equity Research Analyst

chanchal.bachhawat @ashikagroup.com

+91 22 6611 1712

Tirthankar Das

Technical & Derivative Analyst

tirthankar.d@ashikagroup.com

+91 33 4036 0645

SEBI Registration No. INH000000206

Disclosure
The Research Analysts and /or Ashika Stock Broking Limited do hereby certify that all the views expressed in this research report accurately reflect
their views about the subject issuer(s) or securities. Moreover, they also certify the followings: The Research Analyst or Ashika Stock Broking Limited or his/its Associates or his/its relative, has any financial interest in the subject company
(ies) covered in this report. Yes
The Research Analyst or Ashika Stock Broking Limited or his/its Associates or his/its relative, have actual/beneficial ownership of 1% or more in
the subject company, at the end of the month immediately preceding the date of the publication of the research report. No
The Research Analyst or Ashika Stock Broking Limited or his/its Associates or his/its relatives has any material conflict of interest at the time of
publication of the research report. No

The Research Analyst or Ashika Stock Broking Limited or his/its Associates have received any compensation or compensation for investment

banking or merchant banking or brokerage services or for product other than for investment banking or merchant banking or brokerage services
from the companies covered in this report in the past 12 months. No
The Research Analyst or Ashika Stock Broking Limited or his/its Associates have managed or co managed in the previous 12 months any private
or public offering of securities for the company (ies) covered in this report. No
The Research Analyst or Ashika Stock Broking Limited or his/its Associates have received any compensation or other benefits from the company
(ies) covered in this report or any third party in connection with the Research Report. No
The Research Analyst has served as an officer, director or employee of the company (ies) covered in the research report. No
The Research Analyst or Ashika Stock Broking Limited has been engaged in Market making activity of the company (ies) covered in the research
report. No

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consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon such. Ashika Stock Broking Ltd. or any of its
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Raheja Centre,
214,
Mumbai-400
021,orPh022 that
6611
704 www.ashikagroup.com
affiliates
or employees
shall not
be Nariman
in anywayPoint,
responsible
for any loss
damage
may1700,
arise Extn.
to any- person
from any inadvertent error in the