DERIVATIVE DIARY - AUGUST 2016

DERIVATIVE HIGHLIGHTS FOR 31-08-2016:

• Nifty future seen addition of 26 lacs in OI and Bank Nifty seen addition of 2.2 lacs in OI.
• Stocks seen long build-up includes Axisbank, Yesbank, NCC, PFC, Amaraja, Asianpaint, Kotakbank, ITC, ACC, RECLTD and HDFC. Stocks seen short build-up includes GodrejCp, NTPC, DLF, Srtransfin, Dabur, Jublfood, Hindalco, Motherson, VEDL, Ajantapharma and IRB.
• Option statistics: Nifty highest Call option OI for September series stands at 9000 strike price. In today’s trading session, Nifty 8600, 8700 and 8800 call option seen unwinding in OI with IV increasing indicates short covering of option. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8600, 8700 and 8800 put option seen addition in OI with IV increasing indicates buying of option.
• Nifty as mentioned and anticipated does achieved the target of 8800, making a high of 8819, vindicating our view. On the upside, immediate level one should watch is 8845 and a sustain move above 8845 will open further upside level of 8980 level. On the downside, immediate support lies around the 8660 level and below than 8540 level.
• Stocks in ban for trade on 1-Sep-2016: JINDALSTEL.

DERIVATIVE HIGHLIGHTS FOR 30-08-2016:

• Nifty future seen addition of 29 lacs in OI and Bank Nifty seen addition of 4.2 lacs in OI.
• Stocks seen long build-up includes ALBK, TVSMotor, Eichermotor, Andhrabank, Jindal Stel, Ambuja Cement, BOSCH, Hindalco, Orientbank, Maruti, ITC, Cummins, Unionbank, Yesbank, Canbank, ACC, Bajajauto, Kotakbank and BIOCON. Stocks seen short build-up includes ICIL, Bharti Airtel, Jublfood, JISLJAL, Tatachem and ZEEL.
• Option statistics: Nifty highest Call option OI for September series stands at 9000 strike price. In today’s trading session, Nifty 8600 and 8700 call option seen unwinding in OI with IV increasing indicates short covering of option. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8500, 8600, 8700 and 8800 put option seen addition in OI with IV increasing indicates buying of option.
• Nifty continued the uptrend for the second consecutive and taken out the trading range of 8540-8724 on the upside and is likely to move towards the level of 8800-8845 level. On the downside immediate support lies around the 8640 level and below that 8540 level.
• Stocks in ban for trade on 31-Aug-2016: NIL.

DERIVATIVE HIGHLIGHTS FOR 29-08-2016:

• Nifty future seen addition of 6 lacs in OI and Bank Nifty seen addition of 1.6 lacs in OI.
• Stocks seen long build-up includes Tata Motor, ZEEL, Hindzinc, Ceat, Relcapital, TVS Motor, Tatacomm, IBullhsgfin and PcJeweller. Stocks seen short build-up includes ICIL, IGL, Wipro, Hexaware, Crompton, Tata Elxsi, HCLTech, NCC, PFC, Indusindbank and DLF.
• Option statistics: Nifty highest Call option OI for September series stands at 9000 strike price. In today’s trading session, Nifty 8500, 8600 and 8700 call option seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8500, 8600 and 8700 put option seen addition in OI with IV increasing indicates buying of option.
• Nifty does move today towards the lower band of the trading range of 8540 and seen a smart bounce back from 8540 level to close above the 8600 level. Looking into the option data, we expect Nifty likely to trade in the broad range of 8540-8724 and a break out of the trading range will give a move of 100 points on Nifty.

DERIVATIVE HIGHLIGHTS FOR 26-08-2016:

• Nifty future seen addition of 10 lacs in OI and Bank Nifty seen addition of 0.8 lacs in OI.
• Stocks seen long build-up includes Voltas, Biocon, LICHSGFIN, BEML, Century, RCOM, Tata Comm, Justdial, Asian Paint, Tata Motor and Apollo Tyres. Stocks seen short build-up includes Wipro, Relinfra, HDIL, Jublfood, Jindal Steel, Syndibank, LT, Adani port, IBReal Estate, Bank India, Indusinbank and Orientbank.
• Option statistics: Nifty highest Call option OI for September series stands at 9000 strike price. In today’s trading session, Nifty 8500, 8600 and 8700 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8500, 8600 and 8700 put option seen addition in OI with IV increasing indicates buying of option.
• Looking into the option data, we expect Nifty likely to trade in the broad range of 8540-8724 and a break out of the trading range will give big trading move. A break out of the trading range on either side will give a move of 100 points on Nifty.
• Stocks for ban in F&O trade on 29-Aug-16: NIL.

DERIVATIVE HIGHLIGHTS FOR 25-08-2016:

• The market-wide position in the derivative segment at the beginning of the September series vis-à-vis August series stands at:

Particulars	September Series	August Series	% Change
OVERALL OI IN NO. OF SHARES (Cr.)	339.96	330.77	2.78%
NIFTY FUT OI IN NO. OF SHARES (Cr.)	2.74	2.34	17.09%
STOCK FUT OI IN NO. OF SHARES (Cr.)	294.27	282.24	4.26%
BANK NIFTY FUT OI (No. in Mn)	2.03	1.75	16.00%
CALL OPTION OI IN NO. OF SHARES (Cr.)	5.10	5.18	-1.54%
PUT OPTION OI IN NO. OF SHARES (Cr.)	5.11	4.75	7.58%
OI (Rs. in crores)	203605.00	189570.00	7.40%
NIFTY CLOSING	8592.20	8666.30	-0.86%

• Overall rollover for the new series stands at 81% vs. 80% in the last series and the 3 month average stands at 82%. Nifty rollover is on the higher side at 84% vs. 63% in the last series and also higher than 3M average of 71%. Bank Nifty rollover too is on the higher side at 73% vs. 70% in the last series.
• Option statistics: Nifty highest Call option OI for September series stands at 9000 strike price. In today’s trading session, Nifty 8500, 8600 and 8700 call option seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8600 and 8700 put option seen addition in OI with IV decreasing indicates writing of option.
• Looking into the option data, we expect Nifty likely to trade in the broad range of 8540-8724 and a break out of the trading range will give big trading move. A break out of the trading range on either side will give a move of 100 points on Nifty.

DERIVATIVE HIGHLIGHTS FOR 24-08-2016:

• Nifty future seen addition of 1 lakh in OI and Bank Nifty seen unwinding of 0.7 lacs in OI.  
• Stocks seen long build-up OIL, STAR, Canbk, Engineersind, Voltas, Cummins, Southbank, Orienrbank, COLPAL, MRF, Apollo Tyre, Maruti and Ceat. Stocks seen short build-up includes Lupin, Jet Airways, TCS, Bharti Airtel and Coalindia.
• Option statistics: Nifty highest Call option OI for August series stands at 8800 strike price. In today’s trading session, Nifty 8500, 8600 and 8700 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the July series stands at 8400 strike price. In today’s trading session, Nifty 8600 and 8700 put option seen addition in OI with IV increasing indicates buying of option.
• Looking into the option data, we expect Nifty likely to trade in the broad range of 8540-8724 and a break out of the trading range will give big trading move. A break out of the trading range on either side will give a move of 100 points on Nifty.
• Overall Rollover before E-1 trading day stands at 59% vs. 58% in the last series during the same time. Nifty rollover is on the higher side before E-1 trading day at 71% vs. 52% in the previous series. Bank Nifty rollover before E-1 trading day at 49% vs. 48% in the last series.
• Stocks were rollover before E-1 trading day is lower than 50% includes Arvind, Ashok Leyland, Andhrabank, IFCI, LICHSGFIN, SRTRANSFIN, Syndibank, HDIL, Siemens, Voltas, Dabur, Mcleod, Hindzinc, VEDL, Cairn, Biocon, Wockpharma, Wipro and Adanient. On back of lower rollover until now one can expect some high volatility in the above stocks.
• Stocks in ban for trade on 25-Aug-16: IBReal Estate, IDBI, India Cement, Jindal Steel and JPAssociate.

DERIVATIVE HIGHLIGHTS FOR 23-08-2016:

• Nifty future seen addition of 17 lacs in OI and Bank Nifty seen addition of 0.5 lacs in OI.  
• Stocks seen long build-up ALBK, India Cement, RCom, IDBI, Bharti Airtel, Petronet, GAIL, HCLTech, IGL, Rel Infra and Grasim. Stocks seen short build-up includes ICIL, Hind Petro, NTPC, Amaraja, GodrejCP, COLPAL, SAIL, Apollohospital, IOC and VEDL.
• Option statistics: Nifty highest Call option OI for August series stands at 8800 strike price. In today’s trading session, Nifty 8600 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the July series stands at 8400 strike price. In today’s trading session, Nifty 8500 and 8700 put option seen unwinding in OI with IV decreasing indicates profit booking.
• Looking into the option data, we expect Nifty likely to trade in the broad range of 8540-8724 and a break out of the trading range will give big trading move. A break out of the trading range on either side will give a move of 100 points on Nifty.
• Overall Rollover before E-2 trading days stands at 40% vs. 39% in the last series during the same time. Nifty rollover is on the higher side before E-2 trading days at 61% vs. 41% in the previous series. Bank Nifty rollover before E-2 trading days at 38% vs. 38% in the last series.
• Stocks in ban for trade on 23-Aug-16: Bank India, IBReal Estate, India Cement, Jindal Steel, JPAssociate, Justdial and Wockpharma.

DERIVATIVE HIGHLIGHTS FOR 22-08-2016:

• Nifty future seen addition of 7 lacs in OI and Bank Nifty seen addition of 1.6 lacs in OI.  
• Stocks seen long build-up IGL, Southbank, DHFL, Hindunilvr, Jet Airways, KTKBank, JISLJAL and NCC. Stocks seen short build-up includes JSWSteel, NTPC, Amaraja, IDFC, Infratel, Ambuja Cement, Bharat Forge, DLF, Mindree, Apollotyre, Hindpetro and TCS.
• Option statistics: Nifty highest Call option OI for August series stands at 8800 strike price. In today’s trading session, Nifty 8600 and 8700 call option seen addition in OI. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8600 and 8700 put option seen unwinding in OI.
• Looking into the option data, we expect Nifty likely to trade in the broad range of 8540-8724 and a break out of the trading range will give big trading move. A break out of the trading range on either side will give a move of 100 points on Nifty.
• Overall Rollover before E-3 trading days stands at 22% vs. 22% in the last series during the same time. Nifty rollover is on the higher side before E-3 trading days at 39% vs. 26% in the previous series. Bank Nifty rollover too is on the higher side at 33% vs. 24% in the last series.

DERIVATIVE HIGHLIGHTS FOR 19-08-2016:

• Nifty future seen addition of 2 lacs in OI and Bank Nifty seen addition of 1.4 lacs in OI.  
• Stocks seen long build-up JPAssociate, SAIL, Petronet, GMRInfra, IRB, Federalbank, Tatasteel, PcJeweller, Indiacement, Voltas, NMDC, Canbank and Unionbank. Stocks seen short build-up includes STAR, Coalindia, Dishtv, GAIL, CONCOR, Wirpro and Infratel.
• Option statistics: Nifty highest Call option OI for August series stands at 8800 strike price. In today’s trading session, Nifty 8500 and 8600 call option seen unwinding in OI with IV decreasing indicates profit booking. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8500 and 8700 put option seen addition in OI with IV decreasing indicates writing of option.
• Looking into the option data, we expect Nifty likely to trade in the broad range of 8540-8724 and a break out of the trading range will give big trading move. A break out of the trading range on either side will give a move of 100 points on Nifty.

DERIVATIVE HIGHLIGHTS FOR 17-08-2016:

• Nifty future seen addition of 1 lakh in OI and Bank Nifty seen addition of 1.6 lacs in OI.  
• Stocks seen long build-up Orientbank, SAIL, ABirla Nuvo, Ceat, IGL, NMDC, Yesbank, Tata Comm, NCC and Divislab. Stocks seen short build-up includes Justdial, STAR, Bharatfin, Powergrid, Cairn, ICICI Bank, Ajantapharma and JPAssociate.
• Option statistics: Nifty highest Call option OI for August series stands at 8800 strike price. In today’s trading session, Nifty 8500, 8600 and 8700 call option seen addition OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8500 and 8600 put option seen unwinding in OI.
• Looking into the option data, we expect Nifty likely to trade in the broad range of 8517-8724 and a break out of the broader trading range will give big trading move.
• Stocks in ban for trade on 18-Aug-2016: Bank India, Ceatltd, Dishtv, IBReal Estate, India Cement, Jet Airways, Jindal Steel, Just Dial, Orientbank, Wock Pharma and RCOM.

DERIVATIVE HIGHLIGHTS FOR 16-08-2016:

• Nifty future seen addition of 4 lacs in OI and Bank Nifty seen addition of 1.1 lacs in OI.  
• Stocks seen long build-up CESC, Ajantapharma, Hindalco, Divislab, Tata Steel, Voltas, ACC, Relinfra, DLF, Cairn and IBulhsgfin. Stocks seen short build-up includes Wockpharma, Abirla Nuvo, Bank India, Infratel, JSWEnergy, Sunpharma, STAR, Adani Enterprise, NMDC, Cadila and Hexaware.
• Option statistics: Nifty highest Call option OI for August series stands at 9000 strike price. In today’s trading session, Nifty 8600 and 8700 call option seen addition OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8500 and 8600 put option seen addition in OI with IV increasing indicates buying of option.
• Looking into the option data, we expect Nifty likely to trade in the broad range of 8517-8724 and a break out of the broader trading range will give big trading move.
• Stocks in ban for trade on 17-Aug-2016: Bank India, Dishtv, IBReal Estate, India Cement, Jet Airways, Jindal Steel, JISLJAL, Wock Pharma and RCOM.

DERIVATIVE HIGHLIGHTS FOR 12-08-2016:

• Nifty future seen unwinding of 6 lacs in OI and Bank Nifty seen addition of 1.4 lacs in OI.  
• Stocks seen long build-up Grasim, SBIN, Orientbank, Yesbank, DHFL, CESC, Andhrabank, Glenmark, Bank India and ICIL. Stocks seen short build-up includes Pageind, Abirlanuvo, IOC, Infy, IRB, CONCOR, Sunpharma, Ashokley and Adanient.
• Option statistics: Nifty highest Call option OI for August series stands at 9000 strike price. In today’s trading session, Nifty 8500, 8600 and 8700 call option seen unwinding OI with IV decreasing indicates profit booking. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8600 and 8700 put option seen addition in OI with IV increasing indicates buying of option.
• Looking into the option data, we expect Nifty likely to trade in the broad range of 8517-8724 and a break out of the broader trading range will give big trading move. As mentioned in the yesterday report, Nifty does cross the immediate resistance of 8640 and is likely to inch to the upper range band of 8724. On the downside immediate support lies around the 8630 and below that 8540-8517 level.
• Stocks in ban for trade on 16-Aug-2016: Dishtv, IBReal Estate, India Cement, Jet Airways, Jindal Steel, JISLJAL and RCOM.

DERIVATIVE HIGHLIGHTS FOR 11-08-2016:

• Nifty future remains flat at 2.86 cr and Bank Nifty seen unwinding of 1.7 lacs in OI.  
• Stocks seen long build-up Ajantapharma, IOC, IRB, Pageind, GMRInfra, uvo amd McDowell. Stocks seen short build-up includes Grasim, Hind Petro, Bank Baroda, Adanient, Sunpharma, DLF, BOSCH, JSWEnergy, Bank India and Apollo Tyre.
• Option statistics: Nifty highest Call option OI for August series stands at 9000 strike price. In today’s trading session, Nifty 8500 and 8600 call option seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8600 and 8700 put option seen unwinding in OI with IV decreasing indicates profit booking.
• As mentioned and anticipated Nifty does slide towards the level of 8517, making a low of 8540, below the support level of 8630 level, vindicating our view.  Looking into the option data, we expect Nifty likely to trade in the broad range of 8517-8724 and a break out of the broader trading range will give big trading move. On the upside, immediate resistance lies around 8640 level and above that 8724 level.
• Stocks in ban for trade on 12-Aug-2016: Dishtv, IBReal Estate, India Cement, Jet Airways, Jindal Steel, JISLJAL, RCOM and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 10-08-2016:

• Nifty future seen addition of 11 lacs in OI and Bank Nifty seen unwinding of 0.6 lacs in OI. 
• Stocks seen long build-up Tatacom, Tata Chem, OFSS, Adanient and NHPC. Stocks seen short build-up includes Motherson, Lupin, McDowell, Idea, OIL, UBL, GMRInfra, Andhrabank, Bank India, RCom, Centurytext, IOC and IRB.
• Option statistics: Nifty highest Call option OI for August series stands at 9000 strike price. In today’s trading session, Nifty 8500, 8600 and 8700 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8500, 8600 and 8700 put option seen unwinding in OI with IV decreasing indicates profit booking.
• As mentioned in the yesterday report, Nifty does slide to the first target of 8565 below 8630 level. Looking into the option data we expect Nifty likely to move to the level of 8517. On the upside, immediate resistance lies around the 8640 level and above that 8724 level.
• Stocks in ban for trade on 11-Aug-2016: Dishtv, IBReal Estate, Jindal Steel, JISLJAL, RCOM and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 09-08-2016:

• Nifty future OI remain flat at 2.75 cr and Bank Nifty seen addition of 1.3 lacs in OI.  
• Stocks seen long build-up Exideind, SRF, JSWEnergy, UBL, Apollotyre, ALBK, Motherson and Canbk. Stocks seen short build-up includes Lupin, Idea, Dishtv, Jet Airways, IBRealest, ABirla Nuvo, Dabur, Century, Hexaware, Pidilite and Mcleod.
• Option statistics: Nifty highest Call option OI for August series stands at 9000 strike price. In today’s trading session, Nifty 8700 and 8800 call option seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8500 and 8600 put option seen unwinding in OI with IV decreasing indicates profit booking.
• Looking into the option data, a sustain trade above 8724 on Nifty likely to open upside of 8800-8850. On the downside, immediate support lies around the 8630 level and below that 8565-8517 level.
• Stocks in ban for trade on 10-Aug-2016: Dishtv, IBReal Estate, Jindal Steel and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 08-08-2016:

• Nifty future seen addition of 8 lakh in OI and Bank Nifty OI remain flat at 1.93 mn.
• Stocks seen long build-up Tata Elxsi, ABirla Nuvo, M&M, Biocon, PFC, IGL, COLPAL, Tata Power, Ajantapharma, Hindalco and Britania. Stocks seen short build-up includes Wockpharma, Andhrabank, Castrol, Unionbank, Infratel, IFCI, Exideind, Idea, ITC and Ultracement.
• Option statistics: Nifty highest Call option OI for August series stands at 9000 strike price. In today’s trading session, Nifty 8600, 8700 and 8800 call option seen unwinding in OI with IV increasing indicates short covering of option. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8500, 8600 and 8700 put option seen addition in OI with IV increasing indicates buying of option.
• As mentioned and anticipated Nifty does move towards the level of 8711, vindicating our view. Looking into the option data, Nifty likely to move towards the level of 8800-8850. On the downside immediate support lies around the 8620 level and below that 8565-8517 level.
• Stocks in ban for trade on 09-Aug-2016: Jindal Steel and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 05-08-2016:

• Nifty future seen addition of 5 lakh in OI and Bank Nifty seen unwinding of 0.9 lacs in OI.
• Stocks seen long build-up Godrejind, Hindzinc, Hindalco, Apollotyre, Heromotor, SRF, Bajaj Auto, Amaraja, Grasim, PNB, Relinfra, Crompton, Ceat, Yesbank and Abirla Nuvo. Stocks seen short build-up includes Jublfood, IBRealest, Castrol, KTKBank and INFY.
• Option statistics: Nifty highest Call option OI for August series stands at 9000 strike price. In today’s trading session, Nifty 8600 and 8700 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8500, 8600 and 8700 put option seen addition in OI with IV increasing indicates buying of option.
• As mentioned in the yesterday report, Nifty does cross the immediate resistance of 8615 and is likely to move towards 8711 and above that 8850. On the downside immediate support lies around the 8600 level and below that 8517 level.
• Stocks in ban for trade on 08-Aug-2016: Jindal Steel.

DERIVATIVE HIGHLIGHTS FOR 04-08-2016:

• Nifty future seen addition of 1 lakh in OI and Bank Nifty seen unwinding of 1.8 lacs in OI.
• Stocks seen long build-up ALBK, Tata Steel, Havells, Siemens, Orientbank, Motherson, Canbk, Arvind, Suntv, SRF and DHFL. Stocks seen short build-up includes Amaraja, Gogrejind, Bataindia, Mcdowell, Jublfood, SKSMicro, Pageind, Dishtv, ICICIbank and Indusindbank.
• Option statistics: Nifty highest Call option OI for August series stands at 9000 strike price. In today’s trading session, Nifty 8600 and 8700 call option seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8500 and 8600 put option seen addition in OI with IV decreasing indicates writing of option.
• As mentioned in the yesterday report, Nifty does slide towards the level of 8500, making a low of 8518, almost touching the last week low of 8517, vindicating our view. A sustain break below 8517 will lead to further correction towards 8470-8405 level. On the upside, immediate resistance lies around the 8615 and above that 8711 level.
• Stocks in ban for trade on 05-Aug-2016: Jindal Steel.

DERIVATIVE HIGHLIGHTS FOR 03-08-2016:

• Nifty future seen addition of 13 lacs in OI and Bank Nifty seen addition of 0.5 lacs in OI.
• Stocks seen long build-up Abirlanuvo, Asianpaint, Wockpharma, Bosch, MRF ad Bhartiartl. Stocks seen short build-up Godrejind, Eichermotor, Mcdowell, Glenmark, Pidilite, Bajfinance, ICICIBank, SKSMicro, Maruti, Bataindia, Justdial, Federalbank, IBReal Estate, Syndibank and M&MFinance.
• Option statistics: Nifty highest Call option OI for August series stands at 9000 strike price. In today’s trading session, Nifty 8600 and 8700 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8500, 8600 and 8700 put option seen addition in OI with IV increasing indicates buying of option.
• As mentioned in the yesterday report, Nifty does break the support of 8570 and is likely to move towards the level of 8500-8480 level. On the upside, immediate resistance lies around the 8635 and above that 8711 level. 

DERIVATIVE HIGHLIGHTS FOR 02-08-2016:

• Nifty future seen addition of 4 lacs in OI and Bank Nifty seen addition of 0.2 lacs in OI.
• Stocks seen long build-up HCLTech, Tata Comm, Cummins, Canbank, Marico, Jublfood and Mindtree. Stocks seen short build-up Bata India, Bharat Finance, Abirlanuvo, UPL, Bharat forge, ICICIbank, HDIL, Siemens, VEDL, Bhartiairtel, Castrol, LICHsgfin and Auropharma.
• Option statistics: Nifty highest Call option OI for August series stands at 9000 strike price. In today’s trading session, Nifty 8700 and 8800 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8600 and 8700 put option seen addition in OI with IV increasing indicates buying of option.
• Looking into the option data, Nifty facing resistance around the 8700 level and a move above 8700 will open further upside of 8800 level.  On the downside, immediate support lies around the 8570 level and a sustain move below 8570 will open the downside level of 8500-8480 level.
• Stocks in ban for trade on 03-Aug-2016: JINDALSTEL.

DERIVATIVE HIGHLIGHTS FOR 01-08-2016:

• Nifty future seen addition of 5 lacs in OI and Bank Nifty seen addition of 1.7 lacs in OI.
• Stocks seen long build-up Voltas, Jindal Stel, Techm, Abirlanuvo, HindZinc, Pageind, Siemens, HCLTech, Petronet and Hindalco. Stocks seen short build-up LT, Exideind, ICICIBank, Cadila, Bataindia, IRB, Cummins, OFSS, Bankindia, HDIL, BHEL and STAR.
• Option statistics: Nifty highest Call option OI for August series stands at 9000 strike price. In today’s trading session, Nifty 8700 and 8800 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8500, 8600 and 8700 put option seen addition in OI with IV increasing indicates buying of option.
• Looking into the option data, Nifty likely to move towards the level of 8740-8800 level.  On the downside, immediate support lies around the 8570 level and a sustain move below 8570 will open the downside level of 8500-8480 level.  

Disclaimer: Due care has been taken in preparing the above document. However, this document is not, and should not be construed, as an offer to sell or solicitation to buy any securities. Any act of buying, selling or otherwise dealing in any securities referred to in this document shall be at investors sole risk and responsibility.