DERIVATIVE DIARY - JANUARY 2017

DERIVATIVE HIGHLIGHTS FOR 30-01-2017:

• Nifty future seen addition of 6 lacs in OI and Bank Nifty seen unwinding of 0.7 lacs in OI.
• Nifty OI PCR ratio decreased from 0.99 to 0.97.
• Stocks seen long build-up includes Cummins, Infy, Syndibank, BEL, Techm, GodrejCP, Bharti Airtel, PNB, Century Textiles, Just Dial and Tata Comm. Stocks seen short build-up includes Infratel, MRF, PTC, Torrent Power, OIL, NIITTech and ONGC.
• Option statistics: Nifty highest Call option OI for February series stands at 9000 strike price. In today’s trading session, Nifty 8600 seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the January series stands at 8400 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 8700-8800 level. On the downside, immediate support lies around the 8535 level and below that 8450 level.
• Stocks in ban for trade on 31-Jan-2017: IBREALEST and JINDALSTEEL.

DERIVATIVE HIGHLIGHTS FOR 27-01-2017:

• Nifty future seen addition of 13 lacs in OI and Bank Nifty seen addition of 2.4 lacs in OI.
• Nifty OI PCR ratio decreased from 1 to 0.99.
• Stocks seen long build-up includes Infy, Adanient, ICICIBank, IGL, Eicher Motor, Petronet, Ceat, RECLTD, IFCI, Justdial, Crompton, Sintex, Motherson and GMRInfra. Stocks seen short build-up includes COLPAL, PFC, NIITECH, Mcleod, Wipro, Pidilite, HDIL, IDFCBank, IDFC, IBReal Estate and KSCL.
• Option statistics: Nifty highest Call option OI for February series stands at 9000 strike price. In today’s trading session, Nifty out of money call of 8700, 8900 and 9000 strike price seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the January series stands at 8400 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 8700-8800 level. On the downside, immediate support lies around the 8490 level and below that 8430 level.
• Stocks in ban for trade on 30-Jan-2017: NIL.

DERIVATIVE HIGHLIGHTS FOR 25-01-2017:

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

Particulars	February Series	January Series	% Change
OVERALL OI IN NO. OF SHARES (Cr.)	358.32	335.85	6.69%
NIFTY FUT OI IN NO. OF SHARES (Cr.)	1.91	1.68	13.69%
STOCK FUT OI IN NO. OF SHARES (Cr.)	307.84	287.48	7.08%
BANK NIFTY FUT OI (No. in Mn)	2.00	1.97	1.52%
CALL OPTION OI IN NO. OF SHARES (Cr.)	5.06	5.19	-2.50%
PUT OPTION OI IN NO. OF SHARES (Cr.)	5.06	5.19	-2.50%
OI (Rs. in crores)	201864.00	182011.00	10.91%
NIFTY CLOSING	8602.75	8103.60	6.16%

• Overall rollover for the new series stands at 82% vs. 85% in the last series and also lowers than 3M Average of 84%. Nifty rollover is on the higher side at 73% vs. 69% in the last series and also higher than 3M Average of 67%.
• Nifty OI PCR ratio increased from 1.24 to 1.34.
• Option statistics: Nifty highest Call option OI for February series stands at 8700 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 January series stands at 8400 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 achieved the 8560 level, vindicating our view. Looking into the option data, Nifty likely to move towards the level of 8700 level. On the downside, immediate support lies around the 8490 level and below that 8430 level. 

DERIVATIVE HIGHLIGHTS FOR 24-01-2017:

• Nifty futures seen addition of 14 lacs in OI and Bank Nifty seen addition of 3 lacs in OI.
• Nifty OI PCR ratio increased from 1.24 to 1.34.
• Stocks seen long build-up includes LT, M&MFinance, Britannia, Adanipower, Tata Motor, Ultracement, HDFCbank, Infratel, Indsuindbank, Ambuja Cement, Hindzinc, VEDL and Century. Stocks seen short build-up includes Ajanta Pharma, Amaraja, Bharti Airtel, KTKBank and Ceat.
• Option statistics: Nifty highest Call option OI for January series stands at 8600 strike price. In today’s trading session, Nifty 8400, 8450 and 8500 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the January series stands at 8400 strike price. In today’s trading session, Nifty 8400, 8450 and 8500 put option seen addition in OI with IV increasing indicates buying of option.
• Nifty does break the resistance of 8460 and as mentioned is likely to move towards the level of 8560 level. On the downside, immediate support lies around the 8400 and below that 8322 level.
• Overall rollover before E-1 trading day stands at 61% vs. 66% in the last series. Nifty rollover before E-2 trading days stands at 55% vs. 56% in the previous series.
• Stocks were the rollover before E-1 trading day is less than 50% includes Arvind, Andhrabank, IFCI, PFC, Godrejind, Colgate, Hindzinc, Hindpetro, NHPC, Wipro and Engieers India. On back of lower rollover until now, one can expect some high volatility in the above stocks.
• Stocks in ban for trade on 25-Jan-17: IBReal Estate, Jindal Steel and RCom.

DERIVATIVE HIGHLIGHTS FOR 23-01-2017:

• Nifty futures seen addition of 4 lacs in OI and Bank Nifty seen unwinding of 1.7 lacs in OI.
• Nifty OI PCR ratio increased from 1.19 to 1.24.
• Stocks seen long build-up includes Ultracement, PcJeweller, PFC, Ambuja Cement, NMDC, Heromotor, Hindalco, DCBbank, Hindpetro, Crompton, Lupin, Southbank, SCIN and Tata Motors. Stocks seen short build-up includes IBReal Estate, Amaraja, Pageind, GMRinfra, Arvind, M&M Finance and LT.
• Option statistics: Nifty highest Call option OI for January series stands at 8400 strike price. In today’s trading session, Nifty 8300, 8400 and 8500 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the January series stands at 8000 strike price. In today’s trading session, Nifty 8300 and 8400 put option seen addition in OI with IV decreasing indicates writing of option.
• In today’s trading session, Nifty does seen a smart bounce back from the 8327 level and facing stiff resistance too on the higher side around 8440-8460 level. On the downside support lies around the 8318 level. On the upside, a move above 8460 will open the upside of 8560 level.  
• Overall rollover before E-2 trading days stands at 40% vs. 47% in the last series. Nifty rollover before E-2 trading days stands at 32% vs. 48% in the previous series.
• Stocks in ban for trade on 24-Jan-17: IBReal Estate, Jindal Steel, JISLJAL, JPAssociate and RCom.

DERIVATIVE HIGHLIGHTS FOR 20-01-2017:

• Nifty futures seen unwinding of 12 lacs in OI and Bank Nifty seen unwinding of 2 lacs in OI.
• Nifty OI PCR ratio decreased from 1.25 to 1.19.
• Stocks seen long build-up includes GMRInfra, CESC, Havells, Motherson, MCdowell and ITC. Stocks seen short build-up includes Canbk, PFC, Axisbank, Lupin, HDFC, ALBK, Bank Baroda, IDFC, ZEEL, BEML, Coal India, BEL, Tata Motor, Bata India and ICICIBank.
• Option statistics: Nifty highest Call option OI for January series stands at 8400 strike price. In today’s trading session, Nifty 8400 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the January series stands at 8200 strike price. In today’s trading session, Nifty 8300, 8400 and 8500 put option seen unwinding in OI with IV decreasing indicates profit booking of option.
• As mentioned, Nifty does break the trading range on the downside and Nifty likely to move towards the level of 8300-8250 level. On the upside, immediate resistance lies around the 8460 level.
• Stocks in ban for trade on 23-Jan-17: Century Textiles, Jindal Steel, JISLJAL, JPAssociate, Justdial and RCom.

DERIVATIVE HIGHLIGHTS FOR 19-01-2017:

• Nifty futures seen addition of 1 lakh in OI and Bank Nifty seen addition of 0.4 lakh in OI.
• Nifty OI PCR ratio remains flat at 1.25.
• Stocks seen long build-up includes GAIL, Torntpower, Sintex, IDBI, IOC, Titan, Idea, Power Grid, Ambuja Cement, Castrol and TVS Motor. Stocks seen short build-up includes KPIT, JSWEnergy, Techm, Motherson, Coal India, Engineersind, BEL, BEML, Indusindbank, NCC and HDFC.
• Option statistics: Nifty highest Call option OI for January series stands at 8500 strike price. In today’s trading session, Nifty 8300, 8400 and 8500 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the January series stands at 8300 strike price. In today’s trading session, Nifty 8400 put option seen addition in OI with IV increasing indicates buying of option.
• Looking into the option data, Nifty likely to trade in the range of 8460-8370 level and a breakout on either side will give direction to the market. A move above 8460 will open the upside level of 8560 level and on the downside a move below 8370 will open the level of 8308-8293 level.
• Stocks in ban for trade on 20-Jan-17: Century Textiles, HDIL, IBReal Estate, Jindal Steel, JISLJAL, JPAssociate, Justdial and RCom.

DERIVATIVE HIGHLIGHTS FOR 18-01-2017:

• Nifty futures seen addition of 10 lacs in OI and Bank Nifty seen addition of 1 lakh in OI.
• Nifty OI PCR ratio decreased from 1.26 to 1.25.
• Stocks seen long build-up includes CESC, Tata Elxsi, Hindzinc, Coalindia, Ambuja Cement, Apollo Hospital, ACC, Siemens, Pageind, Wock Pharma and Ashok Leyland. Stocks seen short build-up includes Torntphama, Engineersind, PcJeweller, Drreddy, Bata India, Star, TechM, CONCOR and Idea.
• Option statistics: Nifty highest Call option OI for January series stands at 8500 strike price. In today’s trading session, Nifty 8300, 8400 and 8500 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the January series stands at 8300 strike price. In today’s trading session, Nifty 8400 and 8500 put option seen addition in OI with IV decreasing indicates writing of option.
• Looking into the option data, Nifty likely to trade in the range of 8460-8370 level and a breakout on either side will give direction to the market. A move above 8460 will open the upside level of 8560 level and on the downside a move below 8370 will open the level of 8308-8293 level.
• Stocks in ban for trade on 19-Jan-17: Century Textiles, HDIL, IBReal Estate, Jindal Steel, JPAssociate, Justdial and RCom.

DERIVATIVE HIGHLIGHTS FOR 17-01-2017:

• Nifty futures seen unwinding of 3 lacs in OI and Bank Nifty seen unwinding of 0.2 lacs in OI.
• Nifty OI PCR ratio decreased from 1.27 to 1.26.
• Stocks seen long build-up includes SRF, PNB, HCLTech, UBL, Rel Capital, Federalbank and Hindunilvr. Stocks seen short build-up includes NIITTech, Reliance, Tata Motor, Coal India, LICHSGFIN, CESC, Havells, Petronet, ONGC, Pidiliteind and NCC.
• Option statistics: Nifty highest Call option OI for January series shifted from 8400 to 8500 strike price. In today’s trading session, Nifty 8400 and 8500 call option seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the January series shifted from 8000 to 8300 strike price. In today’s trading session, Nifty 8300 and 8400 put option seen addition in OI with IV increasing indicates buying of option.
• Looking into the option data, Nifty is facing stiff resistance around 8430 level and a sustain trade above 8430 will open the upside level of 8500 level. On the downside, immediate support lies around the 8300 level and below that 8200 level.
• Stocks in ban for trade on 18-Jan-17: Century Textiles, HDIL, IBReal Estate, Jindal Steel, JPAssociate, Justdial and RCom.

DERIVATIVE HIGHLIGHTS FOR 16-01-2017:

• Nifty futures seen addition of 4 lacs in OI and Bank Nifty seen addition of 1.9 lacs in OI.
• Nifty OI PCR ratio increased from 1.23 to 1.27.
• Stocks seen long build-up includes HDIL, DHFL, Havells, Orientbank, RCom, CESC, L&TFH, SAIL, BEML, Tata Motor, Jet Airways, Canbank and Federalbank. Stocks seen short build-up includes KSCL, Coalindia, Reliance, Apollo Hospital, IGL, Tata Power and Divislab.
• Option statistics: Nifty highest Call option OI for January series stands at 8400 strike price. In today’s trading session, Nifty 8300, 8400 and 8500 call option seen unwinding in OI with IV increasing indicates short covering by writers of option. Nifty highest Put Option OI for the January series stands at 8000 strike price. In today’s trading session, Nifty 8300 and 8400 put option seen addition in OI with IV increasing indicates buying of option.
• Looking into the option data, Nifty has stiff resistance around 8430 level and a sustain trade above 8430 will open the upside level of 8500 level. On the downside, immediate support lies around the 8300 level and below that 8200 level.
• Stocks in ban for trade on 17-Jan-17: Century Textiles, HDIL, IBReal Estate, Jindal Steel, JPAssociate, Justdial and RCom.

DERIVATIVE HIGHLIGHTS FOR 13-01-2017:

• Nifty futures seen unwinding of 1 lakh in OI and Bank Nifty seen addition of 2.6 lacs in OI.
• Nifty OI PCR ratio increased from 1.22 to 1.23.
• Stocks seen long build-up includes DCBbank, Coalindia, Havells, KSCL, KPIT, GAIL, ONGC, SAIL, BHEL, NMDC and RECLTD. Stocks seen short build-up includes TCS, Justdial, Apollo Tyre, Idea, RCom, INFY, CONCOR and STAR.
• Option statistics: Nifty highest Call option OI for January series stands at 8400 strike price. In today’s trading session, Nifty 8200 and 8300 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the January series stands at 8000 strike price. In today’s trading session, Nifty 8400 put option seen addition in OI with IV decreasing indicates writing of option.
• Looking into the option data, Nifty has stiff resistance around 8430 level and a sustain trade above 8430 will open the upside level of 8500 level. On the downside, immediate support lies around the 8300 level and below that 8200 level.

DERIVATIVE HIGHLIGHTS FOR 12-01-2017:

• Nifty futures seen addition of 14 lacs in OI and Bank Nifty seen addition of 0.8 lacs in OI.
• Nifty OI PCR ratio increased from 1.17 to 1.22.
• Stocks seen long build-up includes NHPC, DCBBank, NTPC, Tata Comm, Biocon, Torntpower, Tata Power, Bata India, IOC, Infy, Hcltech, Power Grid and TVS Motor. Stocks seen short build-up includes Drreddy, LICHsgfin, Eicher Motor, HDIL, Bharat Forge, ACC, Torntpharma and Unionbank.
• Option statistics: Nifty highest Call option OI for January series stands at 8500 strike price. In today’s trading session, Nifty 8200, 8300 and 8400 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the January series stands at 8000 strike price. In today’s trading session, Nifty 8200, 8300 and 8400 put option seen addition in OI with IV increasing indicates buying of option.
• Looking into the option data, Nifty has stiff resistance around 8430 level and a sustain trade above 8430 will open the upside level of 8500 level. On the downside, immediate support lies around the 8310 level and below that 8200 level.

DERIVATIVE HIGHLIGHTS FOR 11-01-2017:

• Nifty futures seen addition of 8 lacs in OI and Bank Nifty seen addition of 2.4 lacs in OI.
• Nifty OI PCR ratio increased from 1.11 to 1.17.
• Stocks seen long build-up includes Jindalsteel, Petronet, LICHSGFIN, MRF, IBReal Estate, OIL, ACC, Kotakbank, Century, Motherson, Bharat Forge, CESC, Sounthbank, Tata Chem, Bharat Finance and Federal Bank. Stocks seen short build-up includes Torntpower, Infy, ITC, Tata Power and HCLTech.
• Option statistics: Nifty highest Call option OI for January series stands at 8400 strike price. In today’s trading session, Nifty 8200 and 8400 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the January series stands at 8000 strike price. In today’s trading session, Nifty 8200, 8300 and 8400 put option seen addition in OI with IV decreasing indicates writing of option.
• As mentioned and anticipated, Nifty does move towards the level of 8400, making a high of 8389, vindicating our view. Looking into the option data, Nifty has stiff resistance around 8425 level. On the downside, immediate support lies around the 8280 level and below that 8200 level.
• Stocks in ban for trade on 12-Jan-207: Century Textiles, IBReal Estate, Jindal Steel, JPAssociate and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 10-01-2017:

• Nifty futures OI remain flat at 2.03 crores and Bank Nifty seen addition of 0.8 lacs in OI.
• Nifty OI PCR ratio remains flat at 1.11.
• Stocks seen long build-up includes Arvind, MRF, Engineersind, CONCOR, Apollo Tyre, KSCL, BEL, Hdfcbank, CESC, OIL and Tata Steel. Stocks seen short build-up includes Petronet, Pcjeweller, Motherson, LICHSGFIN, Mindtree, REC and IDFC.
• Option statistics: Nifty highest Call option OI for January series stands at 8400 strike price. In today’s trading session, Nifty 8100, 8200 and 8300 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the January series stands at 8000 strike price. In today’s trading session, Nifty 8100, 8200 and 8300 put option seen addition in OI with IV increasing indicates buying of option.
• Looking into the option data, Nifty has stiff resistance in the range of 8280-8310 level. A sustain trade above 8310 will open the upside level of 8400 level. On the downside, immediate support lies around the 8200 level and below that 8114 level.

DERIVATIVE HIGHLIGHTS FOR 09-01-2017:

• Nifty futures seen addition of 1 lakh in OI and Bank Nifty futures OI remain flat at 2 mn.
• Nifty OI PCR ratio remains flat at 1.11.
• Stocks seen long build-up includes BEML, Biocon, CONCOR, Hexaware, Star, Voltas, IDBI, KTKBank, BEL and CESC. Stocks seen short build-up includes Granules, Divislab, Coal India, Mindtree, NCC, Drreddy and IDFC.
• Option statistics: Nifty highest Call option OI for January series stands at 8400 strike price. In today’s trading session, Nifty 8200 and 8300 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the January series stands at 8000 strike price. In today’s trading session, Nifty 8100, 8200 and 8300 put option seen addition in OI with IV increasing indicates buying of option.
• Looking into the option data, Nifty has stiff resistance in the range of 8280-8310 level. A sustain trade above 8310 will open the upside level of 8400 level. On the downside, immediate support lies around the 8200 level and below that 8114 level.
• Stocks in ban for trade on 10-Jan-2017: WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 06-01-2017:

• Nifty futures OI remain flat at 2.02 cr and Bank Nifty futures seen unwinding of 1.6 lacs in OI.
• Nifty OI PCR ratio increased from 1.10 to 1.11.
• Stocks seen long build-up includes PFC, Mcleod, Bataindia, Ceat, Motherson, Havells, JSWEnergy, TVS Motor, Canbank and Wockpharma. Stocks seen short build-up includes NCC, Petronet, Divislab, Mindtree, CONCOR, TechM, Idea, M&M, HCLTECH, JUBLFood, OFSS, RCom, TCS and NHPC.
• Option statistics: Nifty highest Call option OI for January series stands at 8400 strike price. In today’s trading session, Nifty 8300 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the January series stands at 8000 strike price. In today’s trading session, Nifty 8000, 8200 and 8300 put option seen addition in OI with IV decreasing indicates writing of option.
• As mentioned and anticipated, Nifty does resisted around the 8310 level in today’s trading session, vindicating our view. Looking into the option data, Nifty has stiff resistance in the range of 8280-8310 level. A sustain trade above 8310 will open the upside level of 8400 level. On the downside, immediate support lies around the 8200 level and below that 8114 level.
• Stocks in ban for trade on 9-Jan-2017: JUSTDIAL AND WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 05-01-2017:

• Nifty futures seen addition of 14 lacs in OI and Bank Nifty futures seen unwinding of 2.3 lacs in OI.
• Nifty OI PCR ratio increased from 1.08 to 1.10.
• Stocks seen long build-up includes PcJeweller, Suntv, Just Dial, Havells, PFC, Mcleod, MRF, Amaraja, TVSMotor, JPAssociate, Bharat Fin, M&M, Eicher Motor, Ceat, Cairn, PTC and SRF. Stocks seen short build-up includes ICIL, NIITECH, Grasim, Glenmark and Apollo Hospital.
• Option statistics: Nifty highest Call option OI for January series stands at 8400 strike price. In today’s trading session, Nifty 8100 and 8300 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the January series stands at 8000 strike price. In today’s trading session, Nifty 8000, 8200 and 8300 put option seen addition in OI with IV decreasing indicates writing of option.
• As mentioned and anticipated, Nifty does move towards the level of 8260, vindicating our view. Looking into the option data, Nifty has stiff resistance in the range of 8280-8310 level. A sustain trade above 8310 will open the upside level of 8400 level. On the downside, immediate support lies around the 8200 level and below that 8114 level.

DERIVATIVE HIGHLIGHTS FOR 04-01-2017:

• Nifty futures seen addition of 4 lacs in OI and Bank Nifty futures seen addition of 2.7 lacs in OI.
• Nifty OI PCR ratio increased from 1.07 to 1.08.
• Stocks seen long build-up includes DCB Bank, Hexaware, NIITtech, HDIL, HCLTech, Mindtree, JP Associate, JISLJAL, Tata Elxsi and IBReal Estate. Stocks seen short build-up includes Kotakbank, Divislab, Hind Zinc, LICHSGFIN, Unionbank, JUBLFood, ICICIBank, Ambuja Cement and IBULHSGFIN.
• Option statistics: Nifty highest Call option OI for January series stands at 8200 strike price. In today’s trading session, Nifty 8100 and 8200 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the January series stands at 8000 strike price. In today’s trading session, Nifty 8000, 8100 and 8200 put option seen addition in OI with IV decreasing indicates writing of option.
• Looking into the option data, Nifty likely to move towards the level of 8260 level On the downside, immediate support lies around the 8150 level and below that 8100 level.
• Stocks in ban for trade on 5-Jan-2017: NIL

DERIVATIVE HIGHLIGHTS FOR 03-01-2017:

• Nifty futures seen addition of 4 lacs in OI and Bank Nifty futures seen unwinding of 2 lacs in OI.
• Nifty OI PCR ratio increased from 1.06 to 1.07.
• Stocks seen long build-up includes Suntv, IGL, CEATLTD, IOC, BPCL, TVSMotor, Sintex, MRF, BEML, Centurytex, GodrejCp, OIL, Canbank, Unionbank and PTC. Stocks seen short build-up includes Wipro, Divislab, Heromotor, Idea, Star, Bharti Artl, Infratel and Mcleod.
• Option statistics: Nifty highest Call option OI for January series stands at 8200 strike price. In today’s trading session, Nifty 8000, 8100 and 8200 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the January series stands at 8000 strike price. In today’s trading session, Nifty 8000, 8100 and 8200 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 8260 level On the downside, immediate support lies around the 8135 level and below that 8040 level.
• Stocks in ban for trade on 4-Jan-2017: NIL

DERIVATIVE HIGHLIGHTS FOR 02-01-2017:

• Nifty futures OI remain flat at 1.80 cr and Bank Nifty futures seen addition of 2.4 lacs in OI.
• Nifty OI PCR ratio decreased from 1.05 to 1.06.
• Stocks seen long build-up includes Maruti, Jet Airways, Ceat, GodrejCp, Ajanta Pharma, MRF, Ashok Leyland, Unionbank, CESC, DHFL, PTC and JPassociate. Stocks seen short build-up includes LICHsgfin, SBIN, HDFC, Bank Baroda, Indusindbank, ICICIBank, BEL, Federal Bank, Kotakbank and Axisbank.
• Option statistics: Nifty highest Call option OI for January series stands at 8200 strike price. In today’s trading session, Nifty 8000, 8100 and 8200 call option seen unwinding in OI with IV increasing indicates short covering by writers of option. Nifty highest Put Option OI for the January series stands at 8000 strike price. In today’s trading session, Nifty 8000, 8100 and 8200 put option seen addition in OI with IV decreasing indicates writing of option.
• Looking into the option data, Nifty likely to move towards the level of 8260 level On the downside immediate support lies around the 8100 level and below that 8040 level.
• Stocks in ban for trade on 3-Jan-2017: NIL.

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.