Institutional Research

Technical Report
Closing Brief

18 November 2016

Technical & Derivative Report

World
Indices

Daily
Ch(Pts)

LTP

Dow Jones

Daily
Ch(%)

18903

35

0.19

Nasdaq

5333

39

0.74

S&P 500

2187

10

0.47

FTSE 100

6794

44

0.67

DAX

10685

21

0.20

Hang Seng

22264

0.01

Bearish candle with decrease in volume

Sell crossover in oscillators.
Lower band of Bollinger exist at 8106
Crucial moving average of 20/50 SMA are at 8495 and 8645
200 SMA trend deciding level exist at 8127

Nikkei

17992

128

0.72

Sensex

26227

-71

-0.27

Outlook for the day

Silver ($/Oz)

Indian equities market finished the choppy session at a six month low as
investors are cautious on concerns that demonetisation could impact the near
term growth. Nifty traded in around 91 points range to end marginally lower at
8,079.95 with loss of 31.65 i.e., 39%.

Technical Build up

Ashika Stock Broking Limited

Indian Equity market traded dull on Thursday and ended marginally lower, in
absence of any major trigger. uncertainty over the impact of demonetisation on
economy and stalled parliament kept the participants at bay. 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. Rather index is placed below its
all major moving averages and also near its six months low. 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, Nifty has
immediate support placed around 8040 followed by 8000 levels, while on higher
side immediate resistance is seen around 8200 levels. On the F&O front decrease
in OI followed by decrease in price indicates of short covering while on the
option front the maximum OI addition is seen at 8100 CE followed by 8200 CE

Nifty

8079

Commodity
/Forex
Gold ($/Oz)

-31
Daily
Ch(Pts)

LTP

-0.39
Daily
Ch(%)

1205.40

-11.50

-0.95

16.55

-0.22

-1.32

Copper(USd/lb.)

246.25

-2.85

-1.14

Brent
Crude(USD/bbl)
USD/INR

46.03

-0.46

-0.99

67.82

-0.12

-0.18

USD/YEN

110.44

0.32

0.29

USD/EUR

1.0597

-0.0029

-0.27

Support/Resistance levels for Indian Equity Indices

S1

S2

CMP

R1

R2

Sensex

26090

25960

26227

26460

26630

Nifty

8040

8000

8079

8150

8200

Nifty (Fut)

8050

8010

8088

8160

8210

Pivot Level
Sensex

26277

Nifty

8097

US: US market rose on Thursday, putting the

major indexes close to all-time highs, as
investors parsed through economic data and
Federal Reserve Chair Janet Yellen's
testimony. 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.
TVSMO
TOR
2856
3137
9.8
355.95 1.4
POWER
GRID
4287
4604
7.4
193.4 2.6
PCJEWE
LLER
632
669
5.9
345 6.1
CAIRN
6803
7041
3.5
238.15 2.6
VEDL
6489
6706
3.3
213.95 3.3

Increase in OI with Decrease in Price (Short

Buildup)
OI Chg
Pr.Chg
Symbol Prev OI Curr OI (%)
Curr Pr. (%)
SRF
868
919
5.9 1477.2 [3.3]
COALIN
DIA
7217
7551
4.6 308.25 [1.6]
PETRON
ET
3431
3560
3.8
349 [1.5]
BEML
1576
1608
2 827.3 [3.8]
CUMMI
NSIND
983
998
1.5 797.95 [0.2]

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 0.39% with Nifty future shaded 0.2 lakh shares in open interest and stock future added 257.7 Lakh shares in
open interest.
-Nifty PCR decreased to 0.73 from 0.75
-Total Nifty Calls added 28.3 lakh shares in open interest.
-Total Nifty Puts added 3.8 lakh shares in open interest.
-Maximum open interest (Nifty) in Calls for Oct series is at 8500 and 8000 put.
-FIIs sold net Rs.983.93 Cr(provisional), while DIIs bought net Rs.1144.15 Cr in cash market.
-FII bought net Rs.243.91Cr in F&O
-Securities in Ban Period: DLF

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

17/11/2016
8079.95
-0.39%
8088.35
166024
18795225
8141.1
14296
1779600

16/11/2016
8111.6
0.04%
8118.55
195753
18894825
8167.6
14177
1723350

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

Ashika Stock Broking Limited

Trade Statistics for 17/11/2016

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

2,85,959
4,96,118
76,02,996
3,90,014
87,75,087
-

19058
32526
5,42,582.51
27028
621,194
18,259.86
4302.99
643757

0.51
0.83
-

FII Corner (F&O)

FII NET BUYING/SELLING & CHANGE IN OPEN INTEREST (Cr. Rupee)
17/11/2016
16/11/2016
Net Buying
Change In Open
Net Buying
Change In Open
/Selling
interest
/Selling
interest

PARTICULARS
Index Future
Index option
Stock Future
Stock option
Total

345
-142
200
-159
244

418
710
-12
-33
1083

94
-131
1019
-69
913

15/11/2016
Net Buying
Change In Open
/Selling
interest

-206
1682
-559
19
936

-1356
-2298
-1013
-161
-4828

933
-483
-1000
455
-96

Market Open Interest

Contracts

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

17/11/2016

-69
368
11614
164
12077

ADDITION/REDUCTION IN MARKET OPEN INTEREST

16/11/2016
15/11/2016

-211
-682
5219
146
4472

2066
-1160
11129
516
12551.04

11/11/2016

10/11/2016

102
-1571
-4671
1646
-4493.71

926
2899
14884
1940
20649.3

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

Strike
8100
8200
8300
7900
7900
7500
8400
8000
8150
8700

NIFTY OPTIONS HIGHEST ADDITION IN OPEN INTEREST

Option Type
Settlement Price
Volume
CE
76.05
160327
CE
36.9
279590
CE
15
269696
PE
27.5
129976
PE
95.1
21551
PE
32.4
15902
CE
61.2
17885
PE
124.05
27322
CE
53.75
26430
CE
15
15389

Open Interest
2174250
5078850
4443600
2158800
1074600
1393225
1081350
3726600
650550
1316750

Change In OI
1098600
769650
513975
407850
381150
315300
312900
248925
241425
217200

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
8200
8800
8400
7700
8300
8700
8500
8600
8400
9000

NIFTY OPTIONS HIGHEST REDUCTION IN OPEN INTEREST

Option Type
Settlement Price
Volume
PE
146.95
112579
CE
1.45
22537
CE
5.55
193058
PE
7.9
56547
PE
220.2
24769
CE
1.65
46960
PE
407.4
10121
CE
1.85
74745
PE
307.75
9700
PE
898.4
3223

Open Interest
3305400
4554600
4736250
1521675
2505375
5698425
2004150
4662825
2513325
1157925

Change In OI
-586425
-463350
-326850
-264750
-264150
-230250
-221625
-190875
-190350
-182325

Stock Option Open Interest Statistics

Symbol
JPASSOCIAT
RCOM
ASHOKLEY
ADANIPOWER
HDIL
PNB
BHEL
SBIN
ASHOKLEY
NHPC

Symbol
ICICIBANK
DLF
BANKINDIA
ASHOKLEY
BANKINDIA
SBIN
DLF
DLF
HINDALCO
SAIL

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
10
CE
0.05
28
40
CE
0.45
551
80
CE
1.4
707
30
CE
0.05
114
60
CE
1.15
468
160
CE
1
1149
135
CE
2.8
948
270
PE
2.6
2164
85
CE
0.35
2345
27.5
CE
0.1
129

STOCK OPTIONS WITH HIGHEST REDUCTION IN OPEN INTEREST

Strike
Option Type
Settl. Price
Volume
290
CE
0.85
2699
120
CE
1.35
394
115
CE
5.25
254
100
CE
0.1
182
120
CE
2.6
271
230
PE
0.15
668
100
PE
0.65
200
130
CE
0.4
166
180
CE
1.1
1101
55
CE
0.2
238

Open Interest
10812000
3970000
1960000
6400000
1640000
5166000
2345000
3798000
4046000
6183000

Change in OI
1564000
1170000
1029000
1000000
992000
938000
925000
918000
861000
837000

Open Int.
7867500
3000000
564000
7903000
900000
1650000
1645000
2580000
2947000
11388000

Change in OI
-2085000
-1050000
-852000
-791000
-552000
-468000
-430000
-410000
-409500
-396000

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
2016.11.18
PARAS Date:
07:59:37 +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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your information and should not be reproduced or redistributed to any other person in any form. The report is based upon information that we
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
1008,
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