DERIVATIVE DIARY - MARCH 2017

DERIVATIVE HIGHLIGHTS FOR 31-03-2017:

·         Nifty future seen addition of 2 lacs in OI and Bank Nifty seen addition of 0.4 lacs in OI.

·         Nifty OI PCR ratio increased from 0.95 to 0.97.

·         Stocks seen long build-up includes Torntpharma, NIITECH, Jindal Steel, BEML, OIL, DCBBank, IOC, Bharat Forge, Pidilite Ind, SRF, Hind Zinc and Apollo Hospital. Stocks seen short build-up includes Justdial, JPAssociate, Voltas, Orientbank, IFCI, Hexaware, Glenmark and Britannia.

·         Option statistics: Nifty highest Call option OI for April series stands at 9200 strike price. In today’s trading session, Nifty 9100, 9200 and 9300 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the April series stands at 9000 strike price. In today’s trading session, Nifty 9100, 9200 and 9300 put option seen addition in OI with IV decreasing indicates writing of option.

·         As mentioned and anticipated, Nifty does almost achieved the upside target of 9200, making a high of 9191, vindicating our view. Looking into the option, a move above 9219 will open the upside of 9300 level. On the downside immediate support lies around the 9115 level and below that 9020 level.

·         Stocks in ban for trade on 3-APR-17: Infibeam.

DERIVATIVE HIGHLIGHTS FOR 29-03-2017:

·         Nifty future seen addition of 20 lacs in OI and Bank Nifty seen addition of 5.5 lacs in OI.

·         Nifty OI PCR ratio increased from 1.09 to 1.15.

·         Stocks seen long build-up includes HDFC, Voltas, Ultra Cement, LT, Wipro, REC, ITC, Yesbank, Axisbank, Asianpaint and HUL. Stocks seen short build-up includes Hero Motor, Sun Pharma, Indusindbank, BHEL, Infy, SRTRANSFIN, Tata Motor, Apollo Hospital, Auropharma and M&M.

·         Option statistics: Nifty highest Call option OI for March series stands at 9200 strike price. In today’s trading session, Nifty 9050 and 9100 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the March series stands at 9100 strike price. In today’s trading session, Nifty 9050, 9100 and 9150 put option seen addition in OI with IV increasing indicates buying of option.

·         As mentioned and anticipated, Nifty does cross the resistance of 9120 and is likely to move towards the level of 9200 level. On the downside, immediate support lies around the 9090 level and below that 9020 level.

·         Over all rollover before E-1 trading day stands at 60% vs. 62% in the previous series. Nifty rollover before E-1 trading day stands at 57% vs. 54% in the previous series.

·         Stocks were the rollover before E-1 trading day is less than 50% includes HDFC, IFCI, RECLTD, SRTRANSFIN, Godrej Ind, Voltas, Colgate, ZEEL, HindZinc, Jindal Steel, Hindalco, Cairn, GAIL, NHPC, OFSS, JUBLFOOD, BOSCH and Engineersind. On the back of lower rollover in the above stocks one can expect some high volatility.

·         Stocks in ban for trade on 30-Mar-17 include IFCI, Jindal Steel, JPAssociate, Orientbank and TV18BRDCST.

DERIVATIVE HIGHLIGHTS FOR 28-03-2017:

·         Nifty future seen addition of 21 lacs in OI and Bank Nifty seen addition of 3.6 lacs in OI.

·         Nifty OI PCR ratio increased from 1.04 to 1.09.

·         Stocks seen long build-up includes Motherson, UBL, HDFC, INFY, Wipro, Tata Chem, Bajaj Auto, Bharti Airtel, Rel Capital, Hindzinc, Pageind and Titan. Stocks seen short build-up includes ITC, Kotak bank, TechM, Hero Motor, Reliance, ONGC and Dishtv.

·         Option statistics: Nifty highest Call option OI for March series stands at 9200 strike price. In today’s trading session, Nifty 9050, 9100 and 9150 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the March series stands at 9000 strike price. In today’s trading session, Nifty 9050, 9100 and 9150 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 9120-9020 level. On the upside a move above 9120 will open the upside of 9218. On the downside, a break below 9020 level will open the level of 8970-8900 level.

·         Over all rollover before E-2 trading days stands at 42% vs. 41% in the previous series. Nifty rollover before E-2 trading days stands at 46% vs. 43% in the previous series.

·         Stocks in ban for trade on 28-Mar-17 includes Bharat Finance, Ceat Ltd, IB Real Estate, IFCI, Jindal Steel, JPAssociate, JSWEnergy, Orientbank and TV18BRDCST.

DERIVATIVE HIGHLIGHTS FOR 27-03-2017:

·         Nifty future OI remain flat at 3.40 crores and Bank Nifty seen addition of 0.4 lacs in OI.

·         Nifty OI PCR ratio decreased from 1.06 to 1.04.

·         Stocks seen long build-up includes Bata India, Cummins, Jet Airways, Indusindbank, PNB, Power Grid, NHPC, Century, PcJeweller, HDFC and Canbank. Stocks seen short build-up includes Ajanta Pharma, Cairn, HCLTech, Tata Steel, SAIL, Ashok Leyland, Bajaj Auto, Mindtree, TechM, NMDC, India Cement, ONGC, Adani Power, TV18, VEDL and M&M.

·         Option statistics: Nifty highest Call option OI for March series stands at 9200 strike price. In today’s trading session, Nifty 9000, 9100 and 9200 call option seen addition in OI with IV increasing indicates profit booking of option. Nifty highest Put Option OI for the March series stands at 8800 strike price. In today’s trading session, Nifty 9000 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 9120-9020 level. On the upside a move above 9120 will open the upside of 9218. On the downside, a break below 9020 level will open the level of 8970-8900 level.

·         Over all rollover before E-3 trading days stands at 28% vs. 26% in the previous series. Nifty rollover before E-3 trading days stands at 37% vs. 21% in the previous series. 

DERIVATIVE HIGHLIGHTS FOR 24-03-2017:

·         Nifty future OI remain flat at 3.40 crores and Bank Nifty seen addition of 0.8 lacs in OI.

·         Nifty OI PCR ratio increased from 1.05 to 1.06.

·         Stocks seen long build-up includes CGPower, KSCL, VEDL, ICIL, Wipro, Adani Ent, IDFCBank, Syndibank and IDBI. Stocks seen short build-up includes Jindal Steel, TCS, Pidiliteind, Tata Global, Tata Power, Bata India and Bajaj Auto.

·         Option statistics: Nifty highest Call option OI for March series stands at 9200 strike price. In today’s trading session, Nifty 9000 and 9100 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the March series stands at 8800 strike price. In today’s trading session, Nifty 9100 and 9200 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 9120-9020 level. On the upside a move above 9120 will open the upside of 9218. On the downside, a break below 9020 level will open the level of 8970-8900 level.

·         Stocks in ban for trade on 27-Mar-2017: Bharat Finance, HDIL, IBReal Estate, IFCI, Jindal Steel, JPAssociate, JSWEnergy, Orient bank, Rel Capital, Sintex and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 23-03-2017:

·         Nifty future OI seen addition of 4 lacs in OI and Bank Nifty seen addition of 0.1 lacs in OI.

·         Nifty OI PCR ratio increased from 1.01 to 1.05.

·         Stocks seen long build-up includes Bharat Finance, ICIL, RelCapital, Ceat, Yesbank, IFCI, Coal India, IOC, SAIL, Bajaj Auto and Adani Port. Stocks seen short build-up includes PcJeweller, TVS Motor, IGL, Bharat Forge, Dabur, IDBI and Divislab.

·         Option statistics: Nifty highest Call option OI for March series stands at 9200 strike price. In today’s trading session, Nifty 9000, 9100 and 9200 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the March series stands at 8800 strike price. In today’s trading session, Nifty 9000 and 9100 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 9120-9020 level. On the upside a move above 9120 will open the upside of 9218. On the downside, a break below 9020 level will open the level of 8970-8900 level.

·         Stocks in ban for trade on 24-Mar-2017: Bharat Finance, Century Textiles, HDIL, IBReal Estate, IFCI, Jet Airways, JPAssociate, JSWEnergy, Orient bank, Rel Capital, Sintex and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 22-03-2017:

·         Nifty future OI seen addition of 7 lacs in OI and Bank Nifty seen unwinding of 0.9 lacs in OI.

·         Nifty OI PCR ratio decreased from 1.07 to 1.01.

·         Stocks seen long build-up includes ICIL, PFC, Granules, Cairn and BEML. Stocks seen short build-up includes Marico, PNB, Arvind, IGL, ALBK, Divislab, Canbank, NIITTech, HDIL, ICICIBank, Apollo Tyre, Syndicate Bank, ABirla Nuvo, KPIT, Hindalco, SRF and Bank India.

·         Option statistics: Nifty highest Call option OI for March series stands at 9200 strike price. In today’s trading session, Nifty 9000, 9100 and 9200 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the March series stands at 8900 strike price. In today’s trading session, Nifty 9100 and 9200 put option seen unwinding in OI with IV decreasing indicates profit booking.

·         As mentioned in the yesterday report, Nifty does break the immediate support of 9060 and is likely to move towards the level of 8970 level. On the upside, immediate resistance lies around the 9120 level and above that 9218 level.

·         Stocks in ban for trade on 23-Mar-2017: Century Textiles, HDIL, IBReal Estate, Jet Airways, JPAssociate, JSWEnergy, KSCL, Orient bank, Sintex and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 21-03-2017:

·         Nifty future OI seen addition of 4 lacs in OI and Bank Nifty seen unwinding of 0.3 lacs in OI.

·         Nifty OI PCR ratio decreased from 1.10 to 1.07.

·         Stocks seen long build-up includes Orientbank, Abirla Nuvo, IFCI, Tata Chem, BOSCH, Grasim, HDIL and MRF. Stocks seen short build-up includes Divislab, M&M, Arvind, Drreddy, Canbank, IGL, IBull Hsgfin, NIIT Tech, Axisbank, Idea, ICICIBank and Bharat Forge.

·         Option statistics: Nifty highest Call option OI for March series stands at 9200 strike price. In today’s trading session, Nifty 9200 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the March series stands at 8800 strike price. In today’s trading session, Nifty 9000 and 9100 put option seen unwinding in OI with IV decreasing indicates profit booking.

·         Looking into the option data, a move above 9218 will open the upside of 9300 level. On the downside, Nifty immediate support lies around 9060 and below that 8970 level.

·         Stocks in ban for trade on 22-Mar-2017: Bharat Finance, Ceatltd, Century Textiles, Jet Airways, JPAssociate, JSWEnergy, KSCL, Orient bank, RelCapital, Sintex and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 20-03-2017:

·         Nifty future OI seen addition of 8 lacs in OI and Bank Nifty seen addition of 0.2 lacs in OI.

·         Nifty OI PCR ratio decreased from 1.14 to 1.10.

·         Stocks seen long build-up includes PcJeweller, Ajanta Pharma, Orientbank, PFC, Suntv, KSCL, ABirla Nuvo, L&TFH, Divislab and Grasim. Stocks seen short build-up includes Glenmark, Siemens, ICICIBank, Pageind, Infy, Wipro, Jindal Steel, Axisbank, Ashok Leyland, IRB, Ashok Leyland, IRB, TCS and Relinfra.

·         Option statistics: Nifty highest Call option OI for March series stands at 9200 strike price. In today’s trading session, Nifty 9100 and 9200 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the March series stands at 8800 strike price. In today’s trading session, Nifty 9000 and 9100 put option seen addition in OI with IV decreasing indicates writing of option.

·         Looking into the option data, a move above 9218 will open the upside of 9300 level. On the downside, Nifty immediate support lies around 9060 and below that 8970 level.

·         Stocks in ban for trade on 21-Mar-2017: Bharat Finance, Ceatltd, Century Textiles, Jet Airways, JPAssociate, JSWEnergy, KSCL, RelCapital, Sintex and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 17-03-2017:

·         Nifty future OI seen unwinding of 9 lacs in OI and Bank Nifty seen unwinding of 0.5 lacs in OI.

·         Nifty OI PCR ratio increased from 1.09 to 1.14.

·         Stocks seen long build-up includes Jet Airways, Torntpharma, Apollo tyre, Axisbank, IGL, Hcltech, Tata Elxsi and Dabur. Stocks seen short build-up includes Coal India, MRF, STAR, Glenmark, Idea, Relinfra, Hind Petro and ONGC.

·         Option statistics: Nifty highest Call option OI for March series stands at 9200 strike price. In today’s trading session, Nifty 9000 and 9100 call option seen unwinding in OI with IV decreasing indicates profit booking. Nifty highest Put Option OI for the March series stands at 8800 strike price. In today’s trading session, Nifty 9000, 9100 and 9200 put option seen addition in OI with IV increasing indicates buying of option.

·         As mentioned in the yesterday report, Nifty does achieved the upside target of 9200, making a high of 9218, vindicating our view. Looking into the option data, a move above 9218 will open the upside of 9300 level. On the downside, Nifty immediate support lies around 9080 and below that 8970 level.

·         Stocks in ban for trade on 20-Mar-2017: Bharat Finance, Century Textiles, Jet Airways, JPAssociate, RelCapital, Sintex and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 16-03-2017:

·         Nifty future OI seen addition of 10 lacs in OI and Bank Nifty seen unwinding of 0.5 lacs in OI.

·         Nifty OI PCR ratio increased from 1.03 to 1.09.

·         Stocks seen long build-up includes RelCapital, Godrejind, PcJeweller, Just Dial, Suntv, Hind Zinc, Bajaj Auto, Sintex, GMRInfra, Adani Port, Relinfra, Bata India, CESC, Unionbank and IOC. Stocks seen short build-up includes STAR, Coalindia, Heromotor, NMDC and Glenmark.

·         Option statistics: Nifty highest Call option OI for March series stands at 9200 strike price. In today’s trading session, Nifty 9000 and 9100 call option seen unwinding in OI with IV decreasing indicates profit booking. Nifty highest Put Option OI for the March series stands at 8800 strike price. In today’s trading session, Nifty 9000, 9100 and 9200 put option seen addition in OI with IV decreasing indicates writing of option.

·         Looking into the option data, Nifty does cross the resistance of 9120 and is likely to move towards the level of 9200. On the downside, Nifty immediate support lies around 9050 and below that 8970 level.

·         Stocks in ban for trade on 17-Mar-2017: Bharat Finance, Century Textiles, Jindal Steel, JPAssociate and RCom

DERIVATIVE HIGHLIGHTS FOR 15-03-2017:

·         Nifty future OI seen addition of 3 lacs in OI and Bank Nifty OI remain flat 2.56 mn.

·         Nifty OI PCR ratio increased from 0.96 to 1.03.

·         Stocks seen long build-up includes ICIL, Pageind, JPAssociate, Heromtor, Amaraja, TV18, ABirla Nuvo, Adanient, MRF, BHEL, IRB, M&MFinance and IDFC. Stocks seen short build-up includes Torntpower, IOC, Coalindia, Godrejind, SRF, Pidilite and Ambuja Cement.

·         Option statistics: Nifty highest Call option OI for March series stands at 9200 strike price. In today’s trading session, Nifty 9000, 9100 and 9200 call option seen unwinding in OI with IV increasing indicates short covering of option. Nifty highest Put Option OI for the March series stands at 8800 strike price. In today’s trading session, Nifty 9000, 9100 and 9200 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 9200 once sustain above 9120 level. On the downside, Nifty immediate support lies around 9050 and below that 8970 level.

·         Stocks in ban for trade on 16-Mar-2017: Bharat Finance, Jet Airways, Jindal Steel, JPAssociate and RCom.

DERIVATIVE HIGHLIGHTS FOR 14-03-2017:

·         Nifty future OI seen addition of 21 lacs in OI and Bank Nifty OI seen addition of 2.3 lacs in OI.

·         Nifty OI PCR ratio increased from 0.87 to 0.96.

·         Stocks seen long build-up includes Ceat, Bata India, M&M Finance, Siemens, Hind Zinc, ACC, Hindunilvr, Yesbank, Kotakbank, MRF, DCB Bank, LT and Dishtv. Stocks seen short build-up includes Coal India, BharatFinancr, Cummins, UPL, Axisbank, NMDC and Bosch.

·         Option statistics: Nifty highest Call option OI for March series stands at 9200 strike price. In today’s trading session, out of money call with strike price 9000, 9100 and 9200 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the March series stands at 8800 strike price. In today’s trading session, Nifty 9000, 9100 and 9200 put option seen addition in OI with IV decreasing indicates writing of option.

·         On the back of State Poll Verdict, Nifty does spurs with a gap up, to open almost at the target of 9120 level. Looking into the option data, Nifty likely to move towards the level of 9200 once sustain above 9120 level. On the downside, Nifty immediate support lies around 9050 and below that 8970 level.

·         Stocks in ban for trade on 15-Mar-2017: Bharat Finance, Jet Airways, Jindal Steel and RCom.

DERIVATIVE HIGHLIGHTS FOR 10-03-2017:

·         Nifty future OI seen addition of 10 lacs in OI and Bank Nifty OI seen unwinding of 0.9 lacs in OI.

·         Nifty OI PCR ratio decreased from 0.90 to 0.87.

·         Stocks seen long build-up includes Jindalsteel, DCBbank, OIL, Bataindia, TCS and Yesbank. Stocks seen short build-up includes Hindzinc, Bharat Finance, VEDL, Adaniport, Auropharma, Apollo Hospital, Glenmark and Powergrid.

·         Option statistics: Nifty highest Call option OI for March series stands at 9000 strike price. In today’s trading session, out of money call with strike price 9000, 9100 and 9200 call option seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the March series stands at 8900 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 immediate support lies around 8850 and a sustain trade below 8850 will open the level of 8780-8700 level. On the upside immediate resistance lies around the 8970 and a sustain trade above 8970 will open the level of 9120 level.

DERIVATIVE HIGHLIGHTS FOR 09-03-2017:

• Nifty future OI seen addition of 16 lacs in OI and Bank Nifty OI seen unwinding of 0.6 lacs in OI.
• Nifty OI PCR ratio decreased from 0.95 to 0.90.
• Stocks seen long build-up includes OFSS, Cairn, Dishtv, Infy, ITC and COLPAL. Stocks seen short build-up includes Drreddy, Hindzinc, PFC, Adaniport, Torntpharma, Torntpower, ONGC, OIL and Hindalco.
• 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 8700 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 support lies around 8850 and a sustain trade below 8850 will open the level of 8780-8700 level. On the upside immediate resistance lies around the 8970 and a sustain trade above 8970 will open the level of 9120 level.
• Stocks in ban for trade on 10-Mar-2017: RCOM, JPASSOCIATE AND JETAIRWAYS.

DERIVATIVE HIGHLIGHTS FOR 08-03-2017:

• Nifty future OI seen addition of 18 lacs in OI and Bank Nifty OI seen addition of 0.3 lacs in OI.
• Nifty OI PCR ratio decreased from 0.97 to 0.95.
• Stocks seen long build-up includes Jet Airways, L&TFH, Kotakbank, Bharat Finance and Yesbank. Stocks seen short build-up includes GAIL, VEDL, RCOM, OIL, Infy, M&M, PFC, NMDC, M&MFinance, India Cement and Hindalco.
• Option statistics: Nifty highest Call option OI for March series stands at 9000 strike price. In today’s trading session, Nifty 8900 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the March series stands at 8800 strike price. In today’s trading session, Nifty 8900 put option seen addition in OI with IV increasing indicates buying of option. With market trading in the range of 8970-8850, traders are buying the 8900 call and put ahead of the State Assembly Election verdict, expecting a breakout of the trading range.
• Looking into the option data, Nifty immediate support lies around 8850 and a sustain trade below 8850 will open the level of 8780-8700 level. On the upside immediate resistance lies around the 8970 and a sustain trade above 8970 will open the level of 9120 level.

DERIVATIVE HIGHLIGHTS FOR 07-03-2017:

• Nifty future OI seen addition of 13 lacs in OI and Bank Nifty OI seen unwinding of 0.5 lacs in OI.
• Nifty OI PCR ratio decreased from 0.98 to 0.97.
• Stocks seen long build-up includes GAIL, Just Dial, KSCL, L&TFH, Bharat Finance, Wipro, Siemens, IRB and NMDC. Stocks seen short build-up includes Hind Zinc, Amaraja Bat, Engineersind, Canbank, SAIL, Infy, STAR, Pidiliteind, Tata Steel, Lupin and Glenmark.
• Option statistics: Nifty highest Call option OI for March series stands at 9000 strike price. In today’s trading session, Nifty 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 8800 strike price. In today’s trading session, Nifty 8900 and 9000 put option seen addition in OI with IV decreasing indicates writing of option.
• Looking into the option data, Nifty immediate support lies around 8850 and a sustain trade below 8850 will open the level of 8780-8700 level. On the upside immediate resistance lies around the 8970 and a sustain trade above 8970 will open the level of 9120 level.
• Stocks in ban for trade on 08-Mar-2017: JINDALSTEL AND JPASSOCIATE.

DERIVATIVE HIGHLIGHTS FOR 06-03-2017:

• Nifty future OI seen addition of 4 lacs in OI and Bank Nifty OI remain flat at 2.50 mn.
• Nifty OI PCR ratio increased from 0.97 to 0.98.
• Stocks seen long build-up includes Voltas, Tornrpharma, OIL, Bharat Forge, IBReal Estate, Tata Mtrdvr, Wock Pharma, Arvind, KSCl, Relinfra, Orientbank, HDIL and Sintex. Stocks seen short build-up includes Godrejind, Southbank, Torntpower, BharatFinance, UPL, Tata Elxsi and Bajfinance.
• Option statistics: Nifty highest Call option OI for March 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 March series stands at 8800 strike price. In today’s trading session, Nifty 8800 and 9000 put option seen addition in OI with IV increasing indicates buying of option.
• As mentioned, Nifty does hold the immediate support of 8850 and a sustain trade below 8850 will open the level of 8780-8700 level. On the upside immediate resistance lies around the 8970 and a sustain trade above 8970 will open the level of 9120 level.
• Stocks in ban for trade on 07-Mar-2017: JINDALSTEL AND JPASSOCIATE.

DERIVATIVE HIGHLIGHTS FOR 03-03-2017:

• Nifty future OI seen unwinding of 4 lacs in OI and Bank Nifty seen unwinding of 1 lakh in OI.
• Nifty OI PCR ratio decreased from 0.98 to 0.97.
• Stocks seen long build-up includes Sintex, GAIL, Voltas, NMDC, Wock Pharma, Jet Airways, Hexaware, Godrejind, Petronet, Biocon, Suntv, OFSS and CESC. Stocks seen short build-up includes Apollo Hospital, BPCL, ALBK, Bank Baroda, IRB, UPL, BajFinance, NCC, Syndibank and JISLJAL.
• 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 8800 strike price. In today’s trading session, Nifty 8800 and 9000 put option seen unwinding in OI with IV decreasing indicates profit booking of option.
• As mentioned, Nifty does hold the immediate support of 8850 and a sustain trade below 8850 will open the level of 8780-8700 level. On the upside immediate resistance lies around the 8970 and a sustain trade above 8970 will open the level of 9120 level. 

DERIVATIVE HIGHLIGHTS FOR 02-03-2017:

• Nifty future OI seen unwinding of 2 lacs in OI and Bank Nifty seen unwinding of 1.5 lacs in OI.
• Nifty OI PCR ratio decreased from 1 to 0.98.
• Stocks seen long build-up includes Ultracem, Coal India, GMRInfra, KTKbank and Cairn. Stocks seen short build-up includes Biocon, NTPC, BPCL, Bharafinance, Albk, NIIT Tech, Godrej Ind, Power Grid, Glenmark, Hind Petro and IDFCBank.
• 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 decreasing indicates writing of option. Nifty highest Put Option OI for the March series stands at 8800 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 3-Mar-2017: IBREALEST, JINDALSTEL and JPASSOCIATE.  

DERIVATIVE HIGHLIGHTS FOR 01-03-2017:

• Nifty future OI seen addition of 14 lacs in OI and Bank Nifty seen addition of 0.2 lacs in OI.
• Nifty OI PCR ratio increased from 0.99 to 1.
• Stocks seen long build-up includes Hindalco, HDIL, IBReal Estate, Tata Chem, DLF, Tata Steel, M&M, MRF, Torntpower, Divislab and Hexaware. Stocks seen short build-up includes NTPC, Eicher Motor, BPCL, BharatFin, Hind Petro, GAIL, Tata Motor and Amaraja.
• Option statistics: Nifty highest Call option OI for March series stands at 9000 strike price. In today’s trading session, Nifty 9000 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the March series has shifted in today’s trading session from 8500 to 8800 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 2-Mar-2017: IBREALEST, JINDALSTEL, JPASSOCIATE AND WOCKPHARMA.

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.