DERIVATIVE DIARY - APRIL 2017

DERIVATIVE HIGHLIGHTS FOR 25-04-2017:

·         Nifty future seen addition of 48 lacs in OI and Bank Nifty seen addition of 2.2 lacs in OI.

·         Nifty OI PCR ratio increased from 1.20 to 1.28.

·         Stocks seen long build-up includes PVR, IndianB, Bharti Airtel, M&M, IRB, Wipro, ITC, Andhrabank, BHEL, LT, PTC, Lupin, VEDL, HDFC, Biocon, Mindtree, GodrejCP, Bank India and Canbank. Stocks seen short build-up includes M&MFin, Tata Power, Petronet, TCS, NHPC, NTPC and Torntpharma.

·         Overall rollover before E-2 days stands at for April series stands at 41% vs. 42% in the previous series. Nifty rollover too is on the lower side at 43% vs. 46% in the last series.

·         Option statistics: Nifty highest Call option OI for April series stands at 9300 strike price. In today’s trading session, Nifty 9250 and 9300 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the April series stands at 9000 strike price. In today’s trading session, Nifty 9250, 9300 and 9350 put option seen addition in OI.

·         As mentioned, Nifty does achieved the target of 9250 and is likely to move further upside towards the 9350-9400 level. On the downside, immediate support lies around the 9250 level and below that 9170 level.

·         Stocks in ban for trade on 26-Apr-2017: Adani Ent, Bank India, HDIL, IBReal Est, ICIL, Infibeam, Jindal Steel, JPAssociate, JSWEnergy, Rcom, TV18, Ujjivan and Wockpharma.

DERIVATIVE HIGHLIGHTS FOR 24-04-2017:

·         Nifty future seen addition of 18 lacs in OI and Bank Nifty seen addition of 5.1 lacs in OI.

·         Nifty OI PCR ratio increased from 1.11 to 1.20.

·         Stocks seen long build-up includes IBReal Est, Indian Bank, HDIL, ACC, Shree Cement, Bhart Forge, Ambuja Cement, South Bank, Hexaware, Motherson, India Cement, Kotak Bank, UBL, Ultra Cement, HDFCbank, ITC, LICHsgfin, LT, JSWSteel and Bata India. Stocks seen short build-up includes Biocon, Havells, Dish TV, Lupin, Muthoot Finance, Hindunilvr, Wock Pharma, M&MFin and Power Grid.

·         Overall rollover before E-3 days stands at for April series stands at 27% vs. 28% in the previous series. Nifty rollover too is on the lower side at 32% vs. 37% in the last series.

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

·         Looking into the option data, Nifty does cross the immediate resistance of 9160 and is likely to move towards the 9250 level. On the downside, immediate support lies around the 9140 level and below that 9070 level. 

DERIVATIVE HIGHLIGHTS FOR 21-04-2017:

·         Nifty future seen unwinding of 3 lacs in OI and Bank Nifty seen addition of 0.4 lacs in OI.

·         Nifty OI PCR ratio decreased from 1.07 to 1.11.

·         Stocks seen long build-up includes GMRInfra, PEL, BEL, HDFC Bank, South Bank, Apollo Hospital, Sintex, DLF and M&M Finance. Stocks seen short build-up includes Dalmia Bharat, MFSL, Hind Zinc, SAIL, ICICIBank, Equitas, Bata India, SRTRansfinance, Indigo, Coal India, Cipla and Bank Baroda.

·         Overall rollover going into the expiry week for April series stands at 16% vs. 16% in the last series and lower than the 3M Average of 18%.

·         Nifty rollover is on the lower side at 18% vs. 24% in the last series and also lowers than the 3M Average of 19%.

·         Option statistics: Nifty highest Call option OI for April series stands at 9200 strike price. In today’s trading session, Nifty 9100 and 9200 call option seen addition in OI with IV decreasing indicates writing 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 unwinding in OI with IV increasing indicates short covering by writer of option.

·         Looking into the option data, Nifty likely to trade in the range of 9070-9250 level. On the downside, a sustain trade below 9070; will open the downside level of 9020-8976 level. On the upside, immediate resistance lies around 9160 level and above that 9250 level.

 DERIVATIVE HIGHLIGHTS FOR 20-04-2017:

·         Nifty future seen unwinding of 3 lacs in OI and Bank Nifty future seen unwinding of 1.1 lacs in OI.

·         Nifty OI PCR ratio decreased from 1.07 to 1.11.

·         Stocks seen long build-up includes Indigo, Dalmia Bharat, Apollo Tyre, Ceat, RDEL, Jet Airways, Ambuja Cement, ABirla Nuvo, Siemens, CESC, Godrej Ind, Syndicate Bank and Engineersindia. Stocks seen short build-up includes Yesbank, OIL, Shree Cement, Amaraja, Cummins, TV18, CONCOR and Axisbank.

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

·         As mentioned, Nifty does move towards the level of 9070, making a low of 9075, vindicating our view. Looking into the option data, Nifty likely to trade in the range of 9070-9250 level. On the downside, a sustain trade below 9070; will open the downside level of 9020-8976 level. On the upside, immediate resistance lies around 9160 level and above that 9250 level.

·         Stocks in ban for trade on 20-April-2017: Bharat Finance, HDIL, IBReal Estate, India Cem, Infibeam, IRB, Jindal Steel, JISLJAL, JPAssociate, JSW Energy, Reliance Capital, TV18BRDCST and Ujjivan.

 DERIVATIVE HIGHLIGHTS FOR 19-04-2017:

·         Nifty future seen addition of 1 lakh in OI and Bank Nifty future OI remain flat at 3.30 mn.

·         Nifty OI PCR ratio decreased from 1.09 to 1.07.

·         Stocks seen long build-up includes Suntv, CESC, Amaraja, India Cement, Sail, Muthootfinance, Wipro, IRB, Escorts, Petronet, Power Grid, Cummins and JISLJAL. Stocks seen short build-up includes Jindal Steel, Ambuja Cement, Bank India, PNB, Unionbank, SBIN, Shree Cement, Hind Zinc and Auro Pharma.

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

·         As mentioned, Nifty does move towards the level of 9070, making a low of 9075, vindicating our view. Looking into the option data, Nifty likely to trade in the range of 9070-9250 level. On the downside, a sustain trade below 9070; will open the downside level of 9020-8976 level. On the upside, immediate resistance lies around 9160 level and above that 9216 level.

·         Stocks in ban for trade on 20-April-2017: Bharat Finance, HDIL, IBReal Estate, Infibeam, IRB, Jindal Steel, JPAssociate, JSW Energy, Reliance Capital and Ujjivan.

DERIVATIVE HIGHLIGHTS FOR 18-04-2017:

·         Nifty future seen unwinding of 1 lakh in OI and Bank Nifty future seen addition of 1 lakh in OI.

·         Nifty OI PCR ratio decreased from 1.09 to 1.07.

·         Stocks seen long build-up includes Muthoot Finance, IRB, Adani Enterprise, MRF, Wipro, Adani Power, Bank India and L&TFH. Stocks seen short build-up includes Arvind, Indigo, HindZinc, UBL, Ambuja Cement, Dalmi Bharat, Tata Steel, Godrejind, ZEEL, SAIL, Syndicate Bank and Andhra bank.

·         Option statistics: Nifty highest Call option OI for April 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 April series stands at 9100 strike price. In today’s trading session, Nifty 9100 and 9200 put option seen unwinding in OI with IV increasing indicates short covering of option.

·         As mentioned, Nifty does break the immediate support of 9160 and is likely to move towards the level of 9070-9000. On the upside, immediate resistance lies around 9200 level and above that 9270 level.

·         Stocks in ban for trade on 19-April-2017: Bharat Finance, HDIL, IBReal Estate, Infibeam, JPAssociate, JSW Energy and Ujjivan.

DERIVATIVE HIGHLIGHTS FOR 17-04-2017:

·         Nifty future OI remain flat at 2.33 crores and Bank Nifty future OI too remain flat at 3.20 mn.

·         Nifty OI PCR ratio stands at 1.09.

·         Stocks seen long build-up includes HDIL, PVR, DLF, Escort, IGL, JSWSteel, Petonet, PcJeweller, Adani Enterprise, IRB, PNB and RDEL. Stocks seen short build-up includes Dalmia Bharat, NTPC, DCBbank, RCom, Equitas, IndianB, JSWEnergy, RECLTD, VEDL and Just Dial.

·         Option statistics: Nifty highest Call option OI for April series stands at 9300 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 put option seen addition in OI with IV increasing indicates buying of option.

·         As mentioned, Nifty does break the immediate support of 9160 and is likely to move towards the level of 9070-9000. On the upside, immediate resistance lies around 9200 level and above that 9270 level.

·         Stocks in ban for trade on 18-April-2017: Bharat Finance, IBReal Estate, Infibeam, Jindal Steel, JSW Energy and Ujjivan.

DERIVATIVE HIGHLIGHTS FOR 13-04-2017:

·         Nifty future seen unwinding of 4 lacs in OI and Bank Nifty seen addition of 1.1 lacs in OI.

·         Nifty OI PCR ratio decreased from 1.10 to 1.09.

·         Stocks seen long build-up includes IBReal Estate, Equitas, PEL, NCC, Torntpower, HDIL and JSWEnergy. Stocks seen short build-up includes Dalmia Bharat, CAPF, Tata Steel, Wipro, Infy, Suzlon, Adani Port, VEDL, ZEEL, Unionbank, NMDC, Petronet, TCS and Hindalco.

·         Option statistics: Nifty highest Call option OI for April series stands at 9300 strike price. In today’s trading session, Nifty 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 and 9300 put option seen unwinding in OI with IV decreasing indicates profit booking of option.

·         As mentioned, Nifty does break the immediate support of 9160 and is likely to move towards the level of 9050-9000. Looking into the option data, Nifty immediate support lies around the 9180-9160 level and a sustain trade below 9160 will open the downside of 9070-9000 level. On the upside, immediate resistance lies around 9200 level and above that 9270 level.

·         Stocks in ban for trade on 17-April-2017: Bharat Finance, IBReal Estate, Infibeam, Jindal Steel and Ujjivan.

DERIVATIVE HIGHLIGHTS FOR 12-04-2017:

·         Nifty future seen unwinding of 1 lakh in OI and Bank Nifty seen unwinding of 0.2 lacs in OI.

·         Nifty OI PCR ratio decreased from 1.11 to 1.10.

·         Stocks seen long build-up includes Suzlon, CAPF, GodrejCp, REC, DLF, LICHSGFIN, Yesbank and Marico. Stocks seen short build-up includes Indianbank, Tata Steel, Srtransfinance, Reliance, RelCapital, RDEL, Adaniport, PFC, ZEEL, Titan, Gail, Relinfra and Motherson.

·         Option statistics: Nifty highest Call option OI for April series stands at 9300 strike price. In today’s trading session, Nifty 9200 and 9300 call option seen addition in OI with IV decreasing indicates writing 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 unwinding in OI with IV increasing indicates short covering by writers of option.

·         Looking into the option data, Nifty immediate support lies around the 9180-9160 level and a sustain trade below 9160 will open the downside of 9050-9000 level. On the upside, immediate resistance lies around 9270 level and a sustain trade above 9270 will open the upside of 9400 level.  

·         Stocks in ban for trade on 13-April-2017: Adani Power, Bharat Finance, Infibeam, Jindal Steel and Ujjivan.

DERIVATIVE HIGHLIGHTS FOR 11-04-2017:

·         Nifty future seen addition of 6 lacs in OI and Bank Nifty seen addition of 0.9 lacs in OI.

·         Nifty OI PCR ratio increased from 1.04 to 1.11.

·         Stocks seen long build-up includes DCB Bank, Dalmia Bharat, KTKbank, Suzlon, RECLtd, Petronet, Ceat, PVR, PEL, DLF, MRF, Muthoot Finance, PFC and Axisbank. Stocks seen short build-up includes Adani Port, Tata Power, Adani Power, Reliance, Amaraja, Cipla, PcJeweller, Tata Steel and GodrejCP.

·         Option statistics: Nifty highest Call option OI for April series stands at 9500 strike price. In today’s trading session, Nifty 9100, 9200 and 9300 call option seen unwinding in OI with IV decreasing indicates profit booking 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 increasing indicates buying of option.

·         Looking into the option data, Nifty immediate support lies around the 9180-9160 level and a sustain trade below 9160 will open the downside of 9050-9000 level. On the upside, immediate resistance lies around 9270 level and a sustain trade above 9270 will open the upside of 9400 level.  

·         Stocks in ban for trade on 12-April-2017: Adani Power, Bharat Finance, IBReal Estate, Infibeam, Jindal Steel and Ujjivan.

DERIVATIVE HIGHLIGHTS FOR 10-04-2017:

·         Nifty future seen unwinding of 4 lacs in OI and Bank Nifty seen addition of 1.1 lacs in OI.

·         Nifty OI PCR ratio stands at 1.04.

·         Stocks seen long build-up includes Escort, Indigo, Suzlon, Orientbank, PEL, Yesbank, TVS Motor, Cumins, Ajanta Pharma, M&M Finance, CAPF, Dabur, Apollo Hospital and Adani Enterprise. Stocks seen short build-up includes Dalmia Bharat, Torntpower, Reliance, Equitas, Wipro, RCom, Pageind, KPIT, Asian paint and HDFC.

·         Option statistics: Nifty highest Call option OI for April series stands at 9500 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 April series stands at 9000 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 immediate support lies around the 9180-9160 level and a sustain trade below 9160 will open the downside of 9050-9000 level. On the upside, immediate resistance lies around 9270 level.  

·         Stocks in ban for trade on 11-April-2017: Bharat Finance, IBReal Estate, Infibeam, Jindal Steel and Ujjivan.

DERIVATIVE HIGHLIGHTS FOR 07-04-2017:

·         Nifty future seen unwinding of 3 lacs in OI and Bank Nifty seen unwinding of 0.1 lacs in OI.

·         Nifty OI PCR ratio decreased from 1.08 to 1.04.

·         Stocks seen long build-up includes MFSL, PVR, Dalmia Bharat, Cadila, TVSMotor, IOC, Apollo Hospital, and Havells. Stocks seen short build-up includes Ujjiban, Equitas, Jindal Steel, RDEL, CAPF, Voltas, Idfcbank, Jet Airways, Coal India, Suzlon and Lupin.

·         Option statistics: Nifty highest Call option OI for April series stands at 9500 strike price. In today’s trading session, Nifty 9200, 9300 and 9400 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 and 9300 put option seen addition in OI with IV decreasing indicates writing of option.

·         Looking into the option, Nifty likely to move towards the level of 9300 level. On the downside, immediate support lies around the 9180 level and below that 9100-9020 level.

·         Stocks in ban for trade on 10-April-2017: Bharat Finance, IBReal Estate, Infibeam, Jindal Steel and Ujjivan.

DERIVATIVE HIGHLIGHTS FOR 06-04-2017:

·         Nifty future seen unwinding of 7 lacs in OI and Bank Nifty seen addition of 1.3 lacs in OI.

·         Nifty OI PCR ratio increased from 1.06 to 1.08.

·         Stocks seen long build-up includes MFSL, DLF, RDEL, Jindal Steel, Dalmia Bharat, SAIL, HDIL and JSWSteel. Stocks seen short build-up includes Muthoot Finance, Ujjivan, Equitas, PcJeweller, Bharat Finance, Suzlon, PEL, Hindalco, Federal Bank, Unionbank and SBI.

·         Option statistics: Nifty highest Call option OI for April series stands at 9500 strike price. In today’s trading session, Nifty 9300 call option seen addition in OI with IV decreasing indicates writing 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.

·         Looking into the option, Nifty likely to move towards the level of 9300 level. On the downside, immediate support lies around the 9180 level and below that 9100-9020 level.

·         Stocks in ban for trade on 7-April-2017: Bharat Finance, Infibeam and IBReal Estate.

DERIVATIVE HIGHLIGHTS FOR 05-04-2017:

·         Nifty future seen unwinding of 5 lacs in OI and Bank Nifty seen addition of 1 lakh in OI.

·         Nifty OI PCR ratio increased from 1.03 to 1.06.

·         Stocks seen long build-up includes Titan, TVSMotor, IBReal Estate, Engineers India, Yes Bank, Motherson, HDIL, Pidiliteind, Adani Ports, PcJeweller and IDFCBank. Stocks seen short build-up includes CONCOR, Amaraja, Apollo Hospital, Coalindia, Bharatfinance, HDFC, Power Grid, Petronet, CESC and Tata Power.

·         Option statistics: Nifty highest Call option OI for April series stands at 9500 strike price. In today’s trading session, Nifty 9300 call option seen addition in OI with IV decreasing indicates writing 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 increasing indicates buying of option.

·         Looking into the option, a move above 9219 will open the upside of 9300 level. On the downside, immediate support lies around the 9180 level and below that 9100-9020 level.

·         Stocks in ban for trade on 6-April-2017: Infibeam and IBReal Estate.

DERIVATIVE HIGHLIGHTS FOR 03-04-2017:

·         Nifty future seen unwinding of 12 lacs in OI and Bank Nifty seen unwinding of 0.2 lacs in OI.

·         Nifty OI PCR ratio increased from 0.97 to 1.03.

·         Stocks seen long build-up includes Wock Pharma, Godrejind, CESC, Just Dial, Tata Steel, Voltas, GodrejCP, IFCI, JISLJAL, LT, Rpower, SAIL and Granules. Stocks seen short build-up includes Dishtv, McDowell, TechM, Torntpharma, Ajanta Pharma, Hindalco, Bata India and Indusindbank.

·         Option statistics: Nifty highest Call option OI for April series stands at 9200 strike price. In today’s trading session, Nifty 9100 and 9200 call option seen unwinding in OI with IV decreasing indicates profit booking 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.

·         Looking into the option, a move above 9219 will open the upside of 9300 level. On the downside immediate support lies around the 9150 level and below that 9020 level.  

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