DERIVATIVE DIARY - SEPTEMBER 2016

DERIVATIVE HIGHLIGHTS FOR 30-09-2016:

• Nifty future seen unwinding of 8 lacs in OI and Bank Nifty seen addition of 0.9 lacs in OI.
• Stocks seen long position includes TVSMotor, Ceat, Canbank, PNB, Wockpharma, Orientbank, Apollotyre, Hindzinc, MRF, BEL, Sunhtv, IBRealest, SBIN and Hindalco. Stocks seen short build-up includes Apollo Hospital, Cipla, Syndicate Bank, Ambujacem, Coalindia and TechM.
• Option statistics: Nifty highest Call option OI for October 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 October 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.
• Looking into the option data, Nifty immediate support lies around the 8540 level and a sustain trade below 8540 will open further downside level of 8470 level. On the upside, immediate resistance lies around the 8750 level and above that 8900 level.
• Stocks in ban for trade on 03-Oct-2016: NIL.

DERIVATIVE HIGHLIGHTS FOR 29-09-2016:

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

Particulars	October Series	September Series	% Change
OVERALL OI IN NO. OF SHARES (Cr.)	342.88	339.96	0.86%
NIFTY FUT OI IN NO. OF SHARES (Cr.)	2.46	2.74	-10.22%
STOCK FUT OI IN NO. OF SHARES (Cr.)	292.54	294.27	-0.59%
BANK NIFTY FUT OI (No. in Mn)	1.92	2.03	-5.42%
CALL OPTION OI IN NO. OF SHARES (Cr.)	5.31	5.10	4.12%
PUT OPTION OI IN NO. OF SHARES (Cr.)	5.01	5.11	-1.96%
OI (Rs. in crores)	203902.00	203605.00	0.15%
NIFTY CLOSING	8591.25	8592.20	-0.01%

• Overall rollover for the new series stands at 82% vs. 81% in the last series and also higher than the 3M Average of 81%. Nifty rollover is on the lower side at 66% vs. 84% in the last series and also lowers than 3M Average of 75%. Bank Nifty rollover too is on the lower side at 65% vs. 73% in the last series and also lowers than the 3M Average of 73%.
• Option statistics: Nifty highest Call option OI for October 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 October 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 slide towards the level of 8550, making a low of 8559, once the support level of 8680 was taken out, vindicating our view. Looking into the option data, Nifty immediate support lies around the 8540 level and a sustain trade below 8540 will open further downside level of 8470 level. On the upside, immediate resistance lies around the 8750 level and above that 8900 level. 

DERIVATIVE HIGHLIGHTS FOR 28-09-2016:

• Nifty future seen addition of 8 lacs in OI and Bank Nifty seen unwinding of 2.7 lacs in OI.
• Stocks seen long build-up includes CESC, Andhrabank, HDIL, HindZinc, MRF, NMDC, Justdial, Eichermotor, Syndibank, Arvind, Federalbank, Century, Apollotyre, BOSCH and Canbank. Stocks seen short build-up includes Apollohosp, Dabur, Coalindia, Pidilite, PFC and Reliance.
• Option statistics: Nifty highest Call option OI for September series stands at 9000 strike price. In today’s trading session, Nifty 8700, 8750 and 8800 call option seen unwinding in OI. Nifty highest Put Option OI for the July series stands at 8700 strike price. In today’s trading session, Nifty 8700, 8750 and 8800 put option seen addition in OI with IV decreasing indicates writing of option.
• Looking into the option data, Nifty immediate support lies around the 8700-8680 level and a sustain trade below 8680 will open further downside level of 8550-8500 level. On the upside, immediate resistance lies around the 8800 level and above that 8900 level.
• Overall Rollover before E-1 day stands at 59% vs. 59% in the last series. Nifty rollover before E-1 day stands at 52% vs. 71% in the last series.
• Stocks were the rollover before E-1 trading day is less than 50% includes ALBank, Relcapital, Syndicate bank, Voltas, Mcleod, Petronet, Wockpharma, NHPC and IOC. On back of lower rollover in the above stocks one can expect some high volatility on the expiry day for September series.

DERIVATIVE HIGHLIGHTS FOR 27-09-2016:

• Nifty future seen addition of 7 lacs in OI and Bank Nifty seen addition of 1.2 lacs in OI.
• Stocks seen long build-up includes IDFC, Adanient, Apollo Hospital, Indusindbank, Britannia, Hindunilvr, Cadila, Infy, Asianpaint and IRB. Stocks seen short build-up includes ALBK, ITC, Kotakbank, CESC, LT,  Adaniport, PNB, BEML, GAIL, BAJFINANCE, SRF, IFCI, Maruti and Syndibank.
• Option statistics: Nifty highest Call option OI for September 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 8700, 8800 and 8900 put option seen unwinding in OI with IV decreasing indicates profit booking of option.
• Looking into the option data, Nifty immediate support lies around the 8700-8680 level and a sustain trade below 8680 will open further downside level of 8550-8500 level. On the upside, immediate resistance lies around the 8800 level and above that 8900 level.
• Overall Rollover before E-2 days stands at 39% vs. 40% in the last series. Nifty rollover before E-2 days stands at 41% vs. 61% in the last series.
• Stocks in ban for trade on 28-Sep-2016: CEAT, DLF, IBREALEST, IDBI, JETAIRWAYS, JINDALSTEL, JISLJAL, JPASSOCIATE, RCOM, RELCAPITAL, SINTEX and WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 26-09-2016:

• Nifty future seen unwinding of 7 lacs in OI and Bank Nifty seen addition of 0.1 lacs in OI.
• Stocks seen long build-up includes Centurytext, Lupin, UBL, STAR and M&Mf Finance. Stocks seen short build-up includes NHPC, Unionbank, Jublfood, Titan, GAIL, Relinfra, Motherson, LICHSGFIN, Justdial, M&M, Bank Baroda, Ultra Cement, ITC, Jet Airways, NTPC and RCom.
• Option statistics: Nifty highest Call option OI for September 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 8700, 8800 and 8900 put option seen unwinding in OI with IV increasing indicates short covering of option.
• As mentioned in the last report, Nifty does break the immediate support of 8800 and move towards the support level of 8700, making a low of 8715 level, vindicating our view. Looking into the option data, Nifty immediate support lies around the 8700-8680 level and a sustain trade below 8680 will open further downside level of 8550-8500 level. On the upside, immediate resistance lies around the 8812 level and above that 8900 level.
• Overall Rollover before E-3 days stands at 25% vs. 22% in the last series. Nifty rollover before E-3 days stands at 27% vs. 39% in the last series.
• Stocks in ban for trade on 27-Sep-2016: CEAT, DLF, HDIL, IBREALEST, IDBI, JETAIRWAYS, JINDALSTEL, JISLJAL, RCOM, RELCAPITAL and WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 23-09-2016:

• Nifty future seen unwinding of 3 lacs in OI and Bank Nifty seen addition of 1.4 lacs in OI.
• Stocks seen long build-up includes SRF, RelCapital, Jublfood, BEL, Tata Global, IFCI, Jet Airways and DLF. Stocks seen short build-up includes Bata India, Axisbank, Lupin, NHPC, Cummins, Pageind, Motherson, Engineersind, PNB, Dabur and JPAssociate.
• Option statistics: Nifty highest Call option OI for September series stands at 9000 strike price. In today’s trading session, Nifty 8700, 8800 and 8900 call option seen unwinding in OI with IV decreasing indicates profit booking in option. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8700, 8800 and 8900 put option seen unwinding in OI with IV decreasing indicates profit booking of option.
• Looking into the option data, Nifty immediate resistance lies around the 8850-8870 level and a sustain trade above 8870 will open the upside level of 8980 level. On the downside, immediate support lies around the 8800 and below that 8680-8700 level.
• Stocks in ban for trade on 26-Sep-2016: CEAT, DLF, HDIL, IBREALEST, IDBI, JINDALSTEL, RELCAPITAL and WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 22-09-2016:

• Nifty future seen addition of 2 lacs in OI and Bank Nifty seen addition of 0.2 lacs in OI.
• Stocks seen long build-up includes Ajantapharma, Federalbank, TVSMotor, BEL, IFCI, Ceat, IDBI, Arvind, TV18, SRF, Bharat Forge, M&MFin, Syndibank, Castrol and DLF. Stocks seen short build-up includes Dabur, JSWEnergy, Techm, Lupin, Tata Power and Coalindia.
• Option statistics: Nifty highest Call option OI for September series stands at 9000 strike price. In today’s trading session, Nifty 8700, 8800 and 8900 call option seen unwinding in OI with IV decreasing indicates profit booking in option. Nifty highest Put Option OI for the July series stands at 8500 strike price. In today’s trading session, Nifty 8800 and 8900 put option seen addition in OI with IV decreasing indicates writing of option.
• Looking into the option data, Nifty immediate resistance lies around the 8850-8870 level and a sustain trade above 8870 will open the upside level of 8980 level. On the downside, immediate support lies around the 8820 and below that 8756 level. 

DERIVATIVE HIGHLIGHTS FOR 21-09-2016:

• Nifty future seen addition of 4 lacs in OI and Bank Nifty seen addition of 0.3 lacs in OI.
• Stocks seen long build-up includes BEL, PcJeweller, ICIL, UBL, Eicher Motor, BOSCH and COLPAL. Stocks seen short build-up includes Bata India, Kotakbank, Havells, Jindal Steel, Voltas, Tata Chem, SBIN, Engineersind and GMRInfra.
• Option statistics: Nifty highest Call option OI for September series stands at 9000 strike price. In today’s trading session, Nifty 8700, 8800 and 8900 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 8700, 8800 and 8900 put option seen addition in OI with IV increasing indicates buying of option.
• Looking into the option data, Nifty immediate resistance lies around the 8850-8870 level and a sustain trade above 8870 will open the upside level of 8980 level. On the downside, immediate support lies around the 8700-8680. A sustain trade below 8680 will open further downside level of 8600-8540 level.
• Stocks in ban for trade on 22-Sep-16: CENTURYTEX, HDIL, IBREALEST, JINDALSTEL, KSCL, RELCAPITAL and WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 20-09-2016:

• Nifty future seen addition of 1 lakh in OI and Bank Nifty seen unwinding of 0.3 lacs in OI.
• Stocks seen long build-up includes Castrol, Biocon, UBL, IFCI and BEL. Stocks seen short build-up includes Jublfood, Albk, TV18, DLF, Hindunilvr, Bajajauto, Hexaware, Tata Motor, BHEL, McLeod, NTPC and IDBI.
• Option statistics: Nifty highest Call option OI for September series stands at 9000 strike price. In today’s trading session, Nifty 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 8700 and 8900 put option seen unwinding in OI with IV decreasing indicates profit booking of option.
• Looking into the option data, Nifty immediate resistance lies around the 8850-8870 level and a sustain trade above 8870 will open the upside level of 8980 level. On the downside, immediate support lies around the 8700-8680. A sustain trade below 8680 will open further downside level of 8600-8540 level.
• Stocks in ban for trade on 21-Sep-16: CEAT, CENTURYTEX, HDIL, IBREALEST, KSCL, RELCAPITAL and WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 19-09-2016:

• Nifty future seen addition of 4 lacs in OI and Bank Nifty seen unwinding of 0.1 lacs in OI.
• Stocks seen long build-up includes IBReal Estate, Ceat, Apollotyre, Voltas, Pageind, Relinfra, MRF, RCOM, Tata Motor and Relcapital. Stocks seen short build-up includes Castrol, UPL, Jublfood, IRB, ICIL, Mindtree, Bata india, Tatamtrdvr and Bajfinance.
• Option statistics: Nifty highest Call option OI for Septeber series stands at 8900 strike price. In today’s trading session, Nifty 87000 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 8700, 8800 and 8900 put option seen addition in OI with IV increasing indicates buying of option.
• Looking into the option data, Nifty immediate resistance lies around the 8850-8870 level and a sustain trade above 8870 will open the upside level of 8980 level. On the downside, immediate support lies around the 8700-8680. A sustain trade below 8680 will open further downside level of 8600-8540 level.
• Stocks in ban for trade on 20-Sep-16: CEAT, CENTURYTEX, HDIL, IBREALEST, KSCL, RELCAPITAL and WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 16-09-2016:

• Nifty future seen addition of 2 lacs in OI and Bank Nifty seen unwinding of 0.3 lacs in OI.
• Stocks seen long build-up includes TVSMotor, Wockpharma, UBL, Arvind, Powergrid, Pageind, BPCL and COLPAL. Stocks seen short build-up includes DHFL, Adanient, Torntpharma, Syndibank, Yesbank, NMDC, Andhrabank, Tata Motor, JSWSteel, Tata Steel, HindZinc, Asianpaint and ICICIbank.
• Option statistics: Nifty highest Call option OI for Septeber series stands at 9000 strike price. In today’s trading session, Nifty 87000 and 8900 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 8600 strike price. In today’s trading session, Nifty 8700, 8800 and 8900 put option seen addition in OI with IV decreasing indicates writing of option.
• As mentioned in the yesterday report, Nifty does move towards the level of 8815-8870, making a high of 8848, vindicating our view. Looking into the option data, Nifty immediate resistance lies around the 8850-8870 level and a sustain trade above 8870 will open the upside level of 8980 level. On the downside, immediate support lies around the 8700-8680. A sustain trade below 8680 will open further downside level of 8600-8540 level.
• Stocks in ban for trade on 19-Sep-16: CENTURYTEX, DLF, HDIL, KSCL and WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 15-09-2016:

• Nifty future seen unwinding of 6 lacs in OI and Bank Nifty seen unwinding of 0.4 lacs in OI.
• Stocks seen long build-up includes Amaraja, Jindalstel, TV18, Divislab, GodrejCp and Exideind. Stocks seen short build-up includes BEML, Centurytext, Apollo Hospital, Tata Steel, UPL, Power Grid, Ambuja Cement, Ashokley, CONCOR, Castrol, TVSMotor and Axisbank.
• Option statistics: Nifty highest Call option OI for September series stands at 9000 strike price. In today’s trading session, Nifty 8700, 8800 and 8900 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 8700 and 8800 put option seen addition in OI with IV increasing indicates buying of option.
• Looking into the option data, Nifty immediate support lies around the 8700-8680. A sustain trade below 8680 will open further downside level of 8600-8540 level. On the upside, immediate resistance lies around the 8750 level and a sustain trade above 8750 will open the upside level of 8815-8870.
• Stocks in ban for trade on 17-Sep-16: DLF, HDIL, IBREALEST, KSCL and RCOM.

DERIVATIVE HIGHLIGHTS FOR 14-09-2016:

• Nifty future seen unwinding of 1 lakh in OI and Bank Nifty seen unwinding of 0.2 lacs in OI.
• Stocks seen long build-up includes Apollo Tyre, UPL, KSCL, Tata Motor, Ceat, GodrejCp, SRF, CESC, PFC, PNB, Petronet and Union bank. Stocks seen short build-up includes Castrol, Bataindia, Torntpharma, Apollo Hospital, CONCOR, BEML, Justdial, SRTRANSFIN, HCLTECH and BOSCHLTD.
• Option statistics: Nifty highest Call option OI for September 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 8700, 8800 and 8900 put option seen unwinding in OI with IV decreasing indicates long unwinding of option.
• Looking into the option data, Nifty immediate support lies around the 8700-8680. A sustain trade below 8680 will open further downside level of 8600-8540 level. On the upside, immediate resistance lies around the 8750 level and above that 8815-8870 level.
• Stocks in ban for trade on 14-Sep-16: DLF, HDIL, IBREALEST, JISLJAL, KSCL and RCOM.

DERIVATIVE HIGHLIGHTS FOR 12-09-2016:

• Nifty future seen unwinding of 6 lacs in OI and Bank Nifty seen unwinding of 4.1 lacs in OI.
• Stocks seen short build-up includes VEDL, Granules, Cairn, Apollo Hospital, Hindalco, Andhrabank, Motherson, Hind Petro, Yesbank, RECLTD, HDIL and LT.
• Option statistics: Nifty highest Call option OI for September series stands at 9000 strike price. In today’s trading session, Nifty 8700, 8800 and 8900 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the July series stands at 8600 strike price. In today’s trading session, Nifty 8700, 8800 and 8900 put option seen unwinding in OI with IV increasing indicates short covering of option.
• As mentioned in the last report, Nifty does open near to the target level of 8700-8680 on back of weak global cues. A sustain trade below 8700 will open further downside level of 8600-8540 level. On the upside immediate resistance lies around the 8750 level and above that 8815-8870 level. 

DERIVATIVE HIGHLIGHTS FOR 09-09-2016:

• Nifty future seen unwinding of 9 lacs in OI and Bank Nifty seen unwinding of 1.6 lacs in OI.
• Stocks seen long build-up includes RelCapital, Cairn, IDBI, Reliance and Motherson. Stocks seen short build-up includes Torntpharma, Biocon, Hindzinc, BOSCH, Unionbank, Engineersind, Bharat Forge and Dabur.
• Option statistics: Nifty highest Call option OI for September series stands at 9000 strike price. In today’s trading session, Nifty 8900 and 9000 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the July series stands at 8600 strike price. In today’s trading session, Nifty 8800, 8900 and 9000 put option seen unwinding in OI with IV decreasing indicates profit booking of option.
• As mentioned in the yesterday report, Nifty does break the immediate support of 8870 and the next support level is around 8800 level and a sustain trade below 8800 will open the level of 8700-8680 level. On the upside, a sustain trade above 8980 will open upside target of 9050-9120 level.  
• Stocks in ban for trade on 12-Sep-2016: CENTURY, IBREALEST, JINDALSTEL, JISLJAL, KSCL and RCom.

DERIVATIVE HIGHLIGHTS FOR 08-09-2016:

• Nifty future seen addition of 4 lacs in OI and Bank Nifty OI remain flat at 3.03 mn.
• Stocks seen long build-up includes Torntpharma, Wockpharma, IRB, Petronet, NCC, TVS Motor, Cadila, HDIL, Grasim, Divislab, JPAssociate and GMRInfra. Stocks seen short build-up includes Cairn, Apollo Hospital, Justdial, Motherson, Yesbank, Havells, Techm, BEL, Hindzinc and TCS.
• Option statistics: Nifty highest Call option OI for September series stands at 9000 strike price. In today’s trading session, Nifty 8900 and 9000 call option seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the July series stands at 8600 strike price. In today’s trading session, Nifty 8800, 8900 and 9000 put option seen addition in OI with IV increasing indicates buying of option.
• Looking into the option data, a move above 8980 will open further upside target of 9050-9120 level.  On the downside, the immediate support lies around the 8870 level and below that 8800 level.
• Stocks in ban for trade on 9-Sep-2016: CENTURY, IBREALEST, JINDALSTEL, JISLJAL, KSCL and RCom.

DERIVATIVE HIGHLIGHTS FOR 07-09-2016:

• Nifty future seen addition of 2 lacs in OI and Bank Nifty seen unwinding of 0.4 lakh in OI.
• Stocks seen long build-up includes OIL, Century, ONGC, NMDC, Motherson, Southbank, SAIL, Siemens, JISLJAL, Godrejind and Bharatforge. Stocks seen short build-up includes Petroent, Apollo Hospital, Cairn, STAR, REC, IOC, Engineersind, GAIL, TCS and NCC.
• Option statistics: Nifty highest Call option OI for September series stands at 9000 strike price. In today’s trading session, Nifty 8800, 8900 and 9000 call option seen unwinding in OI with IV increasing indicates short covering by writer of option. Nifty highest Put Option OI for the July series stands at 8600 strike price. In today’s trading session, Nifty 8800 and 8900 put option seen addition in OI with IV decreasing indicates writing of option.
• As mentioned and anticipated, Nifty does move towards 8980 level, making a high of 8968, vindicating our view. A move above 8980 will open upside target of 9050-9120 level.  On the downside, the immediate support lies around the 8850 level and below that 8800 level.
• Stocks in ban for trade on 8-Sep-2016: IBREALEST, JINDALSTEL, JISLJAL, KSCL and RCom. 

DERIVATIVE HIGHLIGHTS FOR 06-09-2016:

• Nifty future seen addition of 8 lacs in OI and Bank Nifty seen addition of 0.7 lakh in OI.
• Stocks seen long build-up includes Petronet, Cairn, Amaraja, IBullhsgfin, Centurytextile, Titan, Grasim, Pidilite and PNB. Stocks seen short build-up includes Mindtree, Jublfood, Coalindia, Granules and CESC.
• Option statistics: Nifty highest Call option OI for September series stands at 9000 strike price. In today’s trading session, Nifty 8800, 8900 and 9000 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 8600 strike price. In today’s trading session, Nifty 8800, 8900 and 9000 put option seen addition in OI with IV increasing indicates buying of option.
• As mentioned and anticipated, Nifty likely to move towards the level of 8980-9050 above the 8845 level. Looking into the option data, the immediate support lies around the 8850 level and below that 8800 level.
• Stocks in ban for trade on 7-Sep-2016: IBREALEST, JINDALSTEL, KSCL and RCom.

DERIVATIVE HIGHLIGHTS FOR 02-09-2016:

• Nifty future seen unwinding of 4 lacs in OI and Bank Nifty seen addition of 0.1 lakh in OI.
• Stocks seen long build-up includes Apollo tyre, Petronet, Amaraja, Albk, Ceat, DLF, Cairn, MRF, TVSMotor, Bankbaroda, Orientbank and RelCapital. Stocks seen short build-up includes ACC, KSCL, Mindtree, Reliance and Hexaware.
• 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 decreasing indicates long unwinding of option. Nifty highest Put Option OI for the July series stands at 8600 strike price. In today’s trading session, Nifty 8600, 8700 and 8800 put option seen addition in OI with IV decreasing indicates writing of option.
• Looking into the option data the immediate level one should watch on the upside is 8845 and a sustain move above 8845 will open further upside level of 8980 level. On the downside, immediate support lies around the 8730 level and below that 8615 level.
• Stocks in ban for trade on 6-Sep-2016: IBREALEST, JINDALSTEL, CEAT, KSCL and RCom.

DERIVATIVE HIGHLIGHTS FOR 01-09-2016:

• Nifty future seen addition of 7 lacs in OI and Bank Nifty seen addition of 0.8 lacs in OI.
• Stocks seen long build-up includes Ultracement, Engineersind, India Cement, KPIT, Amaraja, PcJeweller, Drreddy and GodrejCp. Stocks seen short build-up includes Idea, Bharti Airtel, IBReal Estate, Reliance, RCom, ACC, Srtransfinance, Crompton, Grasim, DLF, Mindtree and Ashok Leyland.
• 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 decreasing indicates long unwinding 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 the immediate level one should watch on the upside is 8845 and a sustain move above 8845 will open further upside level of 8980 level. On the downside, immediate support lies around the 8690 level and below than 8615 level.
• Stocks in ban for trade on 2-Sep-2016: IBREALEST, JINDALSTEL and RCom.

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.