DERIVATIVE DIARY - FEBRUARY 2017

DERIVATIVE HIGHLIGHTS FOR 28-02-2017:

• Nifty future OI seen unwinding of 1 lakh in OI and Bank Nifty seen unwinding of 0.7 lacs in OI.
• Nifty OI PCR ratio remains flat at 0.99.
• Stocks seen long build-up includes Idea, Bata India, Jindal Steel, DCBBank, Federalbank, BHEL, IBReal Estate, DLF, Orientbank, Yesbank, HDIL, MRF, KSCL and KTKBank. Stocks seen short build-up includes Infratel, Grasim, ACC, BPCL, PcJeweller, Eicher Motor, Coalindia and Castrol.
• Option statistics: Nifty highest Call option OI for March 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 March series stands at 8500 strike price. In today’s trading session, Nifty 8800, 8900 and 9000 put option seen addition in OI with IV decreasing indicates writing of option.
• Looking into the option data, Nifty immediate resistance lies around the 8970 and a sustain trade above 8970 will open the level of 9120 level. On the downside, immediate support lies around the 8850 level and below that 8784 level.
• Stocks in ban for trade on 1-Mar-2017: JINDALSTEL, JPASSOCIATE AND WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 27-02-2017:

• Nifty future OI seen unwinding of 1 lakh in OI and Bank Nifty seen addition of 0.5 lacs in OI.
• Nifty OI PCR ratio increased from 0.98 to 0.99.
• Stocks seen long build-up includes Wock Pharma, Ceat, Jindal Steel, JPAssociate, Cadila, Jet Airways, Torntpower, Relinfra, Biocon and Crompton Greaves. Stocks seen short build-up includes ZEEL, Power Grid, GAIL, Eicher Motor, Apollo Hospital, GodrejCP, Infratel, NHPC, VEDL, ALBK and Drreddy.
• Option statistics: Nifty highest Call option OI for March 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 March series stands at 8500 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, Nifty immediate resistance lies around the 8970 and a sustain trade above 8970 will open the level of 9120 level. On the downside, immediate support lies around the 8850 level and below that 8784 level.
• Stocks in ban for trade on 28-Feb-2017: WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 22-02-2017:

• Nifty future seen addition of 9 lacs in OI and Bank Nifty seen addition of 2.3 lacs in OI.
• Nifty OI PCR ratio decreased from 1.20 to 1.18.
• Stocks seen long build-up includes KTKBank, Idea, PFC, Adani Power, Rpower, GodrejCP, Reliance, Just Dial and ICICIBank. Stocks seen short build-up includes BEL, NTPC, Page Ind, IOC, TCS, Exideind, MRF, Ajanta Pharma, Bank Baroda, HCLTech, ZEEL, Granules, Amaraja, INFY and COLPAL.
• Option statistics: Nifty highest Call option OI for February series stands at 9000 strike price. In today’s trading session, Nifty 8950 call option seen addition in OI with IV increasing indicates buying of option while 8850 and 8900 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 8800 strike price. In today’s trading session, Nifty 8850, 8900 and 8950 put option seen addition in OI with IV increasing indicates buying of option.
• Looking into the option data, Nifty does cross the immediate resistance of 8900 and the next resistance level lays around 8970 level. On the downside, immediate support lies around the 8850 level and below that 8784 level.
• Overall rollover before E-1 trading day’s stands at 62% vs. 61% in the last series before E-1 trading days. Nifty rollover before E-1 trading day’s stands at 54% vs. 55% in the last series.
• Stocks were rollover before E-1 trading day is less than 50% includes Arvind, Andhrabank, HDFC, IFCI, SRTRANSFIN, Yesbank, Adaniport, Hindzinc, Cipla, Divislab, NHPC, OFSS, TechM, UBL and STAR. On back of lower rollover until now one can expect some high volatility in the above stocks.

DERIVATIVE HIGHLIGHTS FOR 21-02-2017:

• Nifty future seen addition of 8 lacs in OI and Bank Nifty seen addition of 4.9 lacs in OI.
• Nifty OI PCR ratio increased from 1.15 to 1.20.
• Stocks seen long build-up includes Jindal Steel, PTC, Grasim, Axisbank, Southbank, IOC, Ashok Leyland, Titan, Bank India, RCom, Andhrabank, Arvind, ICICIBank and PFC. Stocks seen short build-up includes NIITTech, STAR, Infratel, ITC, Indusinbank and Sunpharma.
• Option statistics: Nifty highest Call option OI for February series stands at 9000 strike price. In today’s trading session, Nifty 8950 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the January series stands at 8800 strike price. In today’s trading session, Nifty 8850, 8900 and 8950 put option seen addition in OI with IV decreasing indicates writing of option.
• Looking into the option data, Nifty does cross the immediate resistance of 8900 and the next resistance level lays around 8970 level. On the downside, immediate support lies around the 8810 level and below that 8715 level.
• Overall rollover before E-2 trading days stands at 41% vs. 40% in the last series before E-2 trading days. Nifty rollover before E-2 trading days stands at 43% vs. 32% in the last series.
• Stocks in ban for trade on 22-Feb-2017: Ceat, HDIL, IBReal Estate, IFCI, Jindal Steel, JPassociate, TV18BRDCST AND Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 20-02-2017:

• Nifty future seen unwinding of 2 lacs in OI and Bank Nifty seen addition of 2.4 lacs in OI.
• Nifty OI PCR ratio increased from 1.11 to 1.15.
• Stocks seen long build-up includes DCBBank, Exideind, TCS, REC, SAIL, IRB, COLPAL, Southbank, Pidiliteind, GAIL, Bankbaroda, Federalbank and PFC. Stocks seen short build-up includes Havells, Suntv, Yesbank, Dabur, OIL, BOSCH, Canbank and TechM.
• Option statistics: Nifty highest Call option OI for February series stands at 9000 strike price. In today’s trading session, Nifty 8700 and 8800 seen unwinding in OI with IV decreasing indicates profit booking of option and 8900 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the January series stands at 8800 strike price. In today’s trading session, Nifty 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 8900 level and above that 8970 level. On the downside, immediate support lies around the 8700 level and sustain trade below 8700 will open the downside level of 8600-8540 level.
• Overall rollover before E-3 trading days stands at 26% vs. 23% in the last series before E-3 trading days. Nifty rollover before E-3 trading days stands at 21% vs. 20% in the last series.
• Stocks in ban for trade on 21-Feb-2017: Ceat, HDIL, IBReal Estate, IFCI, JPassociate, TV18BRDCST, Wock Pharma and Unionbank.

DERIVATIVE HIGHLIGHTS FOR 17-02-2017:

• Nifty future seen addition of 5 lacs in OI and Bank Nifty seen addition of 2.6 lacs in OI.
• Nifty OI PCR ratio increased from 1.08 to 1.11.
• Stocks seen long build-up includes JPAssociate, Amaraja, Wockpharma, Kotakbank, ICICIbank, IBullhsgfin, Pidiliteind, ACC and HDFCBank. Stocks seen short build-up includes Godrejind, HCLtech, RCom, SAIL, Canbank, Axisbank, SBIN, Infratel and Granules.
• Option statistics: Nifty highest Call option OI for February series stands at 9000 strike price. In today’s trading session, Nifty 8700 and 8800 seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the January series stands at 8500 strike price. In today’s trading session, Nifty 8800 and 8900 put option seen addition in OI with IV increasing indicates buying of option.
• In today’s trading session, Nifty does open higher almost near to the target level of 8900 and seen profit booking at higher level. Looking into the option data, Nifty immediate resistance lies around the 8900 level and above that 8970 level. On the downside, immediate support lies around the 8700 level and sustain trade below 8700 will open the downside level of 8600-8540 level.
• Stocks in ban for trade on 20-Feb-2017: Ceat, HDIL, IBReal Estate, IFCI, Jet Airways, Jindal Steel, JPassociate, TV18BRDCST and Unionbank.

DERIVATIVE HIGHLIGHTS FOR 16-02-2017:

• Nifty future seen unwinding of 1 lakh in OI and Bank Nifty seen unwinding of 0.1 lacs in OI.
• Nifty OI PCR ratio increased from 1.05 to 1.08.
• Stocks seen long build-up includes Cadila, JPAssociate, Ceat, Bank India, DCBBank, Wock Pharma, Tata Steel, Apollo Tyre, Havells, Cairn and Biocon. Stocks seen short build-up includes Southbank, BPCL, Adani Port, Coalindia and BOSCH.
• Option statistics: Nifty highest Call option OI for February series stands at 9000 strike price. In today’s trading session, Nifty 8700 and 8800 seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the January series stands at 8500 strike price. In today’s trading session, Nifty 8700 put option seen addition in OI with IV increasing indicates buying of option.
• Looking into the option data, Nifty immediate resistance lies around the 8822 level and a sustain trade above 8822 likely to move towards the level of 8900. On the downside, immediate support lies around the 8715 level and sustain trade below 8715 will open the downside level of 8600-8540 level. 

DERIVATIVE HIGHLIGHTS FOR 15-02-2017:

• Nifty future OI seen addition of 19 lacs in OI and Bank Nifty seen addition of 0.4 lacs in OI.
• Nifty OI PCR ratio decreased from 1.11 to 1.05.
• Stocks seen long build-up includes ITC, TCS, Adanient, Bajaj Auto, Hindunilvr and Power Grid. Stocks seen short build-up includes HDIL, Tata Motor, Hero Motor, Voltas, Tata Mtrdvr, IBReal Est, Orientbank, Sunpharma, PNB, ALBK, SRF, BPCL, Syndibank and BPCL.
• Option statistics: Nifty highest Call option OI for February series stands at 9000 strike price. In today’s trading session, Nifty 8700, 8800 and 8900 seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the January 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 8822 level and above that likely to move towards the level of 8900. On the downside, immediate support lies around the 8715 level and sustain trade below 8715 will open the downside level of 8600-8540 level. 

DERIVATIVE HIGHLIGHTS FOR 14-02-2017:

• Nifty future OI seen addition of 11 lacs in OI and Bank Nifty seen addition of 0.2 lacs in OI.
• Nifty OI PCR ratio decreased from 1.12 to 1.11.
• Stocks seen long build-up includes IDBI, Mcleod, GAIL, Bharat Finance, PNB, ICICIBank, Relcapital and L&TFH. Stocks seen short build-up includes Tata Motor, Amaraja, BEL, Power Grid, Jet Airways, CONCOR, Drreddy, Heromotor, LICHSGFIN, NMDC, IDFC Bank, MRF, Lupin and SAIL.
• Option statistics: Nifty highest Call option OI for February series stands at 9000 strike price. In today’s trading session, Nifty 8800 and 8900 seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the January series stands at 8500 strike price. In today’s trading session, Nifty 8800 put option seen addition in OI with IV decreasing indicates writing of option.
• Looking into the option data, Nifty immediate resistance lies around the 8822 level and above that likely to move towards the level of 8900. On the downside, immediate support lies around the 8715 level and below that 8600 level.
• Stocks in ban for trade on 15-Feb-2017: Bank India, Ceat, IFCI, Jet Airways, Jindal Steel, JPAssociate, RCOM, UNIONBANK and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 13-02-2017:

• Nifty future OI seen addition of 8 lacs in OI and Bank Nifty seen addition of 1.1 lacs in OI.
• Nifty OI PCR ratio remains flat at 1.12.
• Stocks seen long build-up includes Yesbank, Pidilite Ind, Cairn, Hindpetro, Jublfood and Indusindbank. Stocks seen short build-up includes SRF, Bank Baroda, CromptonGreaves, Abirlanuvo, IFCI, PTC, Engineersind, PcJeweller, Motherson, ALBK, Auropharma and Heromotor.
• Option statistics: Nifty highest Call option OI for February series stands at 9000 strike price. In today’s trading session, Nifty 8800 seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the January 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 resistance lies around the 8822 level and above that likely to move towards the level of 8900. On the downside, immediate support lies around the 8715 level and below that 8600 level.
• Stocks in ban for trade on 14-Feb-2017: Bank India, Ceat, HDIL, IFCI, Jindal Steel, JPAssociate, Orientbank, RCOM, UNIONBANK and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 10-02-2017:

• Nifty future OI remains flat at 2.36 crores and Bank Nifty seen addition of 0.7 lacs in OI.
• Nifty OI PCR ratio remains flat at 1.12.
• Stocks seen long build-up includes OFSS, PTC, Arvind, CESC, Britannia, Godrejind, Techm, Hexaware and Mcdowell. Stocks seen short build-up includes Power Grid, SAIL, Tata Comm, Apollo Tyre, Hind Zinc, Lupin, Amaraja, IGL and Drreddy.
• Option statistics: Nifty highest Call option OI for February series stands at 9000 strike price. In today’s trading session, Nifty 8700 seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the January series stands at 8500 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.
• Looking into the option data, Nifty likely a move towards the level of 8900. On the downside, immediate support lies around the 8715 level and below that 8600 level.
• Stocks in ban for trade on 13-Feb-2017: Bank India, Ceat, HDIL, Jindal Steel, JPAssociate, Orientbank, RCOM, UNIONBANK and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 09-02-2017:

• Nifty future seen addition of 1 lakh in OI and Bank Nifty seen unwinding of 2.1 lacs in OI.
• Nifty OI PCR ratio increased from 1.11 to 1.12.
• Stocks seen long build-up includes BEML, Bank India, IGL, KSCL, RelCapital, Just Dial, GAIL, DLF, REC and DHFL. Stocks seen short build-up includes Unionbank, Page Ind, Torntpharma, Pidilite, PNB, Apollo Tyre, Hindalco and NTPC.
• Option statistics: Nifty highest Call option OI for February series stands at 9000 strike price. In today’s trading session, Nifty 8800 seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the January 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 likely a move towards the level of 8900. On the downside, immediate support lies around the 8715 level and below that 8600 level.
• Stocks in ban for trade on 10-Feb-2017: Ceat, Century Textiles, HDIL, IBReal Estate, Jindal Steel, JPAssociate, Orientbank, RCOM, UNIONBANK and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 08-02-2017:

• Nifty future seen addition of 3 lacs in OI and Bank Nifty seen addition of 0.8 lacs in OI.
• Nifty OI PCR ratio decreased from 1.12 to 1.11.
• Stocks seen long build-up includes Titan, SAIL, Bata India, Engineersindia, Granules, Ajanta Pharma, Power Grid, Adani Ent, Pageind, Cipla and Coal India. Stocks seen short build-up includes Siemens, Amaraja, Torntpharma, Unionbank, NTPC, Jet Airways, Petronet, COLPAL and Bharat Forge.
• Option statistics: Nifty highest Call option OI for February series stands at 9000 strike price. In today’s trading session, Nifty 8700, 8800 and 8900 seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the January series stands at 8500 strike price. In today’s trading session, Nifty 8700 and 8800 put option seen addition in OI with IV decreasing indicates writing of option.
• Looking into the option data, a move above 8810 will take Nifty towards the level of 8900. On the downside, immediate support lies around the 8715 level and below that 8600 level.
• Stocks in ban for trade on 9-Feb-2017: Ceat, Century Textiles, HDIL, IBReal Estate, Jindal Steel, JPAssociate, Orientbank, RCOM, SUNTV and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 07-02-2017:

• Nifty future seen unwinding of 2 lacs in OI and Bank Nifty OI remain flat at 2.98 mn.
• Nifty OI PCR ratio decreased from 1.13 to 1.12.
• Stocks seen long build-up includes Orientbank, CrompGreaves, Siemens, PNB, Torntpower, Marico, SRF, Southbank, CESC and Andhrabank. Stocks seen short build-up includes Jindal Steel, Ceat, Petronet, RelInfra, IDBI, Arvind, Adani Ent, PFC, Lupin and Tata Motors.
• Option statistics: Nifty highest Call option OI for February series stands at 9000 strike price. In today’s trading session, Nifty 8700, 8800 and 8900 seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the January series stands at 8500 strike price. In today’s trading session, Nifty 8700 and 8800 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 8730 level and below that 8537 level. On the upside, a move above 8810 will take Nifty towards the level of 8900.  
• Stocks in ban for trade on 7-Feb-2017: Ceat, Century Textiles, HDIL, IBReal Estate, Jindal Steel, JPAssociate, Orientbank, RCOM, SUNTV and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 06-02-2017:

• Nifty future seen addition of 5 lacs in OI and Bank Nifty seen addition of 0.9 lacs in OI.
• Nifty OI PCR ratio increased from 1.08 to 1.13.
• Stocks seen long build-up includes IGL, JublFood, Bata India, HDIL, CONCOR, Wock Pharma, CompGreaves, Auropharma, Biocon, Suntv, Justdial, Pageind and SRF. Stocks seen short build-up includes Torntpharma, COLPAL, Amaraja, RCom, Ceatltd, Tata Mtrdvr, Cipla, Jet Airways and ICIL.
• Option statistics: Nifty highest Call option OI for February series stands at 9000 strike price. In today’s trading session, Nifty 8900 seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the January 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.
• As mentioned Nifty does achieved the upside target of 8800, vindicating our view. Looking into the option data, Nifty likely to move towards the upside of 8900 level. On the downside, immediate support lies around the 8700 level and below that 8537 level.
• Stocks in ban for trade on 6-Feb-2017: Century Textiles, HDIL, IBReal Estate, JPAssociate, RCOM and SUNTV.

DERIVATIVE HIGHLIGHTS FOR 03-02-2017:

• Nifty future seen unwinding of 1 lakh in OI and Bank Nifty seen addition of 2.8 lacs in OI.
• Nifty OI PCR ratio increased from 1.04 to 1.08.
• Stocks seen long build-up includes Torntpharma, Granules, Cipla, Glenmark, Sintex, BEML, IDBI, Indusindbank, Century Textile, KTKbank and RCom. Stocks seen short build-up includes MRF, Jet Airways, ACC, Exideind, Auro Pharma, Mindtree, Hindzinc, KPIT, Bharat Forge and Power Grid.
• Option statistics: Nifty highest Call option OI for February series stands at 9000 strike price. In today’s trading session, Nifty 8700 and 8800 seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the January series stands at 8500 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, Nifty likely to move towards the upside of 8800-8840 level. On the downside, immediate support lies around the 8660 level and below that 8537 level.
• Stocks in ban for trade on 6-Feb-2017: Century Textiles, IBReal Estate, Jindal Steel, JPAssociate and Orientbank.

DERIVATIVE HIGHLIGHTS FOR 02-02-2017:

• Nifty future seen addition of 9 lacs in OI and Bank Nifty seen addition of 0.5 lacs in OI.
• Nifty OI PCR ratio increased from 1 to 1.04.
• Stocks seen long build-up includes OFSS, Cummins, Godrejind, JPAssociate, Exideind, Orientbank, Federalbank, Tata Comm, NHPC, Hexaware, ALBK, Techm, TCS and Southbank. Stocks seen short build-up includes Ceat, Torntpharma, LICHSGFIN, MRF, Jetairways, Voltas, Pageind and Marico.
• Option statistics: Nifty highest Call option OI for February series stands at 9000 strike price. In today’s trading session, Nifty 8800 seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the January series stands at 8500 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.
• As mentioned in the yesterday report, Nifty does achieved the target of 8750, vindicating our view. The next level to watch on the upside will be 8800-8840 level. On the downside, immediate support lies around the 8640 level and below that 8537 level. 

DERIVATIVE HIGHLIGHTS FOR 01-02-2017:

• Nifty future seen addition of 15 lacs in OI and Bank Nifty seen addition of 5 lacs in OI.
• Nifty OI PCR ratio increased from 0.98 to 1.
• Stocks seen long build-up includes Indusindbank, HDIL, DLF, Godrejind, JPAssociate, Bank Baroda, Unionbank, ITC, Maruti, BEML, Petronet, Bharatfinance, ICICIBank, L&TFH, IBullhsgfin and Andhrabank. Stocks seen short build-up includes NTPC, PcJeweller, Hexaware, TCS, Pageind, KSCL and Power Grid.
• Option statistics: Nifty highest Call option OI for February series stands at 9000 strike price. In today’s trading session, Nifty 8700 and 8800 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 8600, 8700 and 8800 put option seen addition in OI with IV decreasing indicates writing of option.
• As mentioned in the yesterday report, Nifty does hold the support level of 8535 and broken the resistance of 8670 to move towards the level of 8750, making a high of 8722, vindicating our view. Looking into the option data, Nifty likely to move towards 8750-8840 level. On the downside, immediate support lies around the 8610 level and below that 8537 level.
• Stocks in ban for trade on 2-Feb-2017: HDIL, IBREALEST and JINDALSTEEL.

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.