DERIVATIVE DIARY - MAY 2017

DERIVATIVE HIGHLIGHTS FOR 31-05-2017

·         Nifty future OI seen addition of 11 lacs in OI and Bank Nifty seen addition of 0.3 lacs in OI.

·         Nifty OI PCR ratio increased from 1.13 to 1.15.

·         Option statistics: Nifty highest Call option OI for June series stands at 9700 strike price. In today’s trading session, Nifty 9600, 9700 and 9800 call option seen addition in OI. Nifty highest Put Option OI for the June series stands at 9400 strike price. In today’s trading session, Nifty 9400, 9500 and 9600 put option seen addition in OI.

·         Stocks seen build-up includes ICICIBannk, IOC, M&M, Escorts, GAIL, HDIL, Grasim, Indigo, RelCapital, GSFC, JPAssociate and LICHsgfin. Stocks seen short build-up includes Bank India, Canbank, Infratel, HDFC, MGL, Sunpharma, NTPC, ZEEL and NMDC.

·         Looking into the option data, a sustain trade above 9640 will open further upside level of 9700-9730.  On the downside, Nifty immediate support lies around the 9570 level and below that 9460 level.

·         Stocks in ban for trade on 1-Jun-2017: JPAssociate, RCOM and RelCapital.

DERIVATIVE HIGHLIGHTS FOR 30-05-2017

·         Nifty future OI seen addition of 4 lacs in OI and Bank Nifty seen addition of 0.7 lacs in OI.

·         Nifty OI PCR ratio remains flattish at 1.13.

·         Option statistics: Nifty highest Call option OI for June series stands at 9700 strike price. In today’s trading session, Nifty 9700 and 9800 call option seen addition in OI. Nifty highest Put Option OI for the June series stands at 9400 strike price. In today’s trading session, Nifty 9400, 9500 and 9600 put option seen addition in OI.

·         Stocks seen build-up includes RECLtd, Godrej Ind, MFSL, Mindtree, PFC, Sun Pharma, RelCapital, DLF, ALBK and Ultra Cement. Stocks seen short build-up includes Jublfood, Hexaware, RCom, PVR, Jet Airways, BHEL, Sintex, HCC and Balrampur Chini.

·         Looking into the option data, a move above 9640 will open further upside level of 9700-9730.  On the downside, Nifty immediate support lies around the 9480 level and below that 9350 level.

·         Stocks in ban for trade on 31-May-2017: RCOM.

DERIVATIVE HIGHLIGHTS FOR 29-05-2017

·         Nifty future OI seen addition of 1.6 lacs in OI and Bank Nifty seen unwinding of 0.4 lacs in OI.

·         Nifty OI PCR ratio increased from 1.10 to 1.13.

·         Option statistics: Nifty highest Call option OI for June series stands at 9700 strike price. In today’s trading session, Nifty 9700 and 9800 call option seen addition in OI. Nifty highest Put Option OI for the June series stands at 9400 strike price. In today’s trading session, Nifty 9400, 9500 and 9600 put option seen addition in OI.

·         Stocks seen build-up includes Escort, Tata Comm, PcJeweller, Hindunilever, M&M, Hindalco, COLPAL and NTPC. Stocks seen short build-up includes Sunpharma, Jublfood, DLF, TechM, Sintex, CGPower, Adaniport, SBIN, Unionbank, RCom, IBReal Estate, PFC, REC, Balrampur and Auropharma.

·         As mentioned and anticipated Nifty does almost achieve the target of 9640, making of high of 9637, vindicating our view. Looking into the option data, a move above 9640 will open further upside level of 9700-9730.  On the downside, Nifty immediate support lies around the 9480 level and below that 9350 level.

·         Stocks in ban for trade on 30-May-2017: NIL.

DERIVATIVE HIGHLIGHTS FOR 26-05-2017

·         Nifty future OI remains flat at 2 crores and Bank Nifty seen addition of 0.1 lacs in OI.

·         Nifty future for the June series is trading at the sharp discount of 19 points to the spot, but the discount is mainly on account of the dividend on the Nifty constituent stocks i.e. SBI, Yesbank, Infosys, BOSCH, TCS, Asian Paints, HUL and ICICIBank.

·         Nifty OI PCR ratio increased from 1.06 to 1.10.

·         Option statistics: Nifty highest Call option OI for June series stands at 9600 strike price. In today’s trading session, Nifty 9600 and 9700 call option seen addition in OI. Nifty highest Put Option OI for the June series stands at 9400 strike price. In today’s trading session, Nifty 9400, 9500 and 9600 put option seen addition in OI.

·         Stocks seen build-up includes Sintex, Hindalco, Muthootfinance, JISLJAL, IBReal Estate, JPAssociate, Siemens, JSW Steel, Jet Airways, Raymond and Apollo Tyre. Stocks seen short build-up includes Britannia, IOC, Infibeam, REC, Ujjivan, Sunpharma and Tata Chem.

·         As mentioned in the yesterday report, Nifty does break out the 9530 hurdle and move towards the 9605 level, vindicating our view. Looking into the option data, Nifty likely to move towards 9640 level and above that 9700 level.  On the downside, Nifty immediate support lies around the 9450 level and below that 9350 level.

·         Stocks in ban for trade on 29-May-2017: NIL.·         Nifty future OI remains flat at 2 crores and Bank Nifty seen addition of 0.1 lacs in OI.

·         Nifty future for the June series is trading at the sharp discount of 19 points to the spot, but the discount is mainly on account of the dividend on the Nifty constituent stocks i.e. SBI, Yesbank, Infosys, BOSCH, TCS, Asian Paints, HUL and ICICIBank.

·         Nifty OI PCR ratio increased from 1.06 to 1.10.

·         Option statistics: Nifty highest Call option OI for June series stands at 9600 strike price. In today’s trading session, Nifty 9600 and 9700 call option seen addition in OI. Nifty highest Put Option OI for the June series stands at 9400 strike price. In today’s trading session, Nifty 9400, 9500 and 9600 put option seen addition in OI.

·         Stocks seen build-up includes Sintex, Hindalco, Muthootfinance, JISLJAL, IBReal Estate, JPAssociate, Siemens, JSW Steel, Jet Airways, Raymond and Apollo Tyre. Stocks seen short build-up includes Britannia, IOC, Infibeam, REC, Ujjivan, Sunpharma and Tata Chem.

·         As mentioned in the yesterday report, Nifty does break out the 9530 hurdle and move towards the 9605 level, vindicating our view. Looking into the option data, Nifty likely to move towards 9640 level and above that 9700 level.  On the downside, Nifty immediate support lies around the 9450 level and below that 9350 level.

·         Stocks in ban for trade on 29-May-2017: NIL.

DERIVATIVE HIGHLIGHTS FOR 22-05-2017:

·         Nifty future seen addition of 16 lacs in OI and Bank Nifty seen addition of 0.7 lacs in OI.

·         Nifty OI PCR ratio decreased from 1.21 to 1.17.

·         Stocks seen long build-up includes LT, Mindtree, HCL Tech, Jublfood, ITC, TCS, Biocon and Reliance. Stocks seen short build-up includes Bank India, Cummins, Dish TV, Just Dial, SBIN, Ultra Cement, Petronet, Bajaj Auto, Torntpower, Escort, Jet Airways, DLF, Hind Petro, Tata Power, Equitas, M&M and KSCL.

·         Option statistics: Nifty highest Call option OI for May series stands at 9500 strike price. In today’s trading session, Nifty 9400, 9500 and 9600 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the May series stands at 9300 strike price. In today’s trading session, Nifty 9500 and 9600 put option seen unwinding in OI.

·         Looking into the option data, Nifty likely to trade in the range of 9350 -9530 going into the expiry week for the May series. The immediate support lies around the 9350 level and a break below 9350 will open the downside of 9280 level. On the upside, immediate resistance lies around the 9530 and a sustain trade above 9530 will open the level of 9640 level.

·         Overall rollover before E-3 day stands at 23% vs. 27% in the previous series and Nifty rollover too is on the lower side before E-3 day stands at 25% vs. 32% in the last series.

·         Stocks in ban for trade on 23-May-2017: Bank India, Bharat Finance, CAPF, CEAT, CESC, HDIL, IBReal Estate, IDBI, Infibeam, JINDALSTEL, JISLJAL, JPAssociate, JSWEnergy, Orient Bank, TV18BRDCST and Ujjivan.

DERIVATIVE HIGHLIGHTS FOR 19-05-2017:

·         Nifty future seen unwinding of 4 lacs in OI and Bank Nifty seen unwinding of 1.8 lacs in OI.

·         Nifty OI PCR ratio decreased from 1.26 to 1.21.

·         Stocks seen long build-up includes MGL, Hindunilever, Suzlon, Tata Steel, Motherson, Fortis and ITC. Stocks seen short build-up includes Ujjivan, NIIT Tech, Sintex, MCX, GAIL, Indigo, Mcdowell, DCBbank, Rcom, Glenmark and Raymond.

·         Option statistics: Nifty highest Call option OI for May series stands at 9500 strike price. In today’s trading session, Nifty 9600 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the May series stands at 9300 strike price. In today’s trading session, Nifty 9500 and 9600 put option seen unwinding in OI with IV decreasing indicates profit booking of option.

·         Looking into the option data, Nifty likely to trade in the range of 9350 -9530 going into the expiry week for the May series. The immediate support lies around the 9350 level and a break below 9350 will open the downside of 9280 level. On the upside, immediate resistance lies around the 9530 and a sustain trade above 9530 will open the level of 9640 level.

·         Stocks in ban for trade on 22-May-2017: Bharat Finance, CAPF, CEAT, CESC, HDIL, IDBI, Infibeam, JINDALSTEL, JISLJAL, JPAssociate, JSWEnergy, Orient Bank and TV18BRDCST.

DERIVATIVE HIGHLIGHTS FOR 18-05-2017:

·         Nifty future seen unwinding of 20 lacs in OI and Bank Nifty seen unwinding of 0.5 lacs in OI.

·         Nifty OI PCR ratio decreased from 1.41 to 1.26.

·         Stocks seen long build-up includes Wipro, Hexaware, JPAssociate and Suzlon. Stocks seen short build-up includes Ceat, IDBI, GodrejCP, Apollo Hospital, Bharat Finance, MCX, Balrampur, VGuard, Glenmark, BHEL, BEL, Bharat Finance, TechM, M&M Finance, PFC, RCom, Britannia, CESC and Bajfinance.

·         Option statistics: Nifty highest Call option OI for May series stands at 9500 strike price. In today’s trading session, Nifty 9400, 9500 and 9600 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the May series stands at 9300 strike price. In today’s trading session, Nifty 9300, 9400 and 9500 put option seen unwinding in OI with IV decreasing indicates profit booking of option.

·         Nifty does break the immediate support of 9430 and is likely to slide towards the level of 9350. On the upside, immediate resistance lies around the 9500.  

·         Stocks in ban for trade on 19-May-2017: Bharat Finance, Canbk, CAPF, CEAT, CESC, HDIL, ICIL, IDBI, IFCI, Infibeam, JINDALSTEL, JISLJAL, JPAssociate, JSWEnergy, Orient Bank and TV18BRDCST.

DERIVATIVE HIGHLIGHTS FOR 17-05-2017:

·         Nifty future seen addition of 7 lacs in OI and Bank Nifty OI remain flat at 3.80 mn.

·         Nifty OI PCR ratio increased from 1.34 to 1.41.

·         Stocks seen long build-up includes MRPL, Tata Mtrdvr, MGL, NBCC, Justdial, Balkrishna, Pidilite, Tata Motor, Godfrey and Dabur. Stocks seen short build-up includes CAPF, Glenmark, ALBK, Wipro, IBReal Estate, Cummins, PNB, Yesbank, Ultracement and TechM.

·         Option statistics: Nifty highest Call option OI for May series stands at 9500 strike price. In today’s trading session, Nifty 9400 and 9500 call option seen unwinding in OI with IV increasing indicates short covering by writer of option. Nifty highest Put Option OI for the May series stands at 9300 strike price. In today’s trading session, Nifty 9300, 9400 and 9500 put option seen addition in OI with IV increasing indicates buying of option.

·         Looking into the option data, a sustain trade above 9530 will open further upside of 9640. On the downside, immediate support lies around the 9430 level and below that 9350 level.  

·         Stocks in ban for trade on 18-May-2017: Canbk, CAPF, HDIL, ICIL, IFCI, Infibeam, JINDALSTEL, JISLJAL, JSWEnergy, Orient Bank and Ujjivan.

DERIVATIVE HIGHLIGHTS FOR 16-05-2017:

·         Nifty future seen addition of 9 lacs in OI and Bank Nifty seen addition of 0.6 lacs in OI.

·         Nifty OI PCR ratio increased from 1.25 to 1.34.

·         Stocks seen long build-up includes VGurad, PNB, Raymond, ACC, ICIL, Bank Baroda, NIITTech, Bank India, Ambuja Cement and Granules. Stocks seen short build-up includes HDIL, Chola Finance, Nestle India, KSCL, HindZinc, JPAssociate, UBL, Dabur, MRPL and Shree Cement.

·         Option statistics: Nifty highest Call option OI for May series stands at 9500 strike price. In today’s trading session, Nifty 9400 and 9500 call option seen unwinding in OI with IV increasing indicates short covering by writer of option. Nifty highest Put Option OI for the May series stands at 9300 strike price. In today’s trading session, Nifty 9300, 9400 and 9500 put option seen addition in OI with IV decreasing indicates writing of option.

·         As mentioned, Nifty does achieved the target of 9500, vindicating our view. Looking into the option data, Nifty likely to move towards the level of 9530 and a sustain trade above 9530 will open further upside of 9640. On the downside, immediate support lies around the 9430 level and below that 9350 level.  

·         Stocks in ban for trade on 17-May-2017: Canbk, Ceat, HDIL, ICIL, IFCI, JINDALSTEL, JISLJAL, JSWEnergy, Orient Bank, Syndibank and Ujjivan.

DERIVATIVE HIGHLIGHTS FOR 15-05-2017:

·         Nifty future seen addition of 6 lacs in OI and Bank Nifty seen unwinding of 0.2 lacs in OI.

·         Nifty OI PCR ratio increased from 1.24 to 1.25.

·         Stocks seen long build-up includes Shree Cement, PEL, Pageind, MRPL, Bergerpaint, BOSCH, Petronet, Grasim, Kotakbank, CGPower, Hexaware, Canfinhomes, Indiacement and Britannia. Stocks seen short build-up includes Glenmark, Fortis, Nestle, Idea, Southbank, COLPAL, MCX, Cholafin and Suzlon.

·         Option statistics: Nifty highest Call option OI for May series stands at 9500 strike price. In today’s trading session, Nifty 9300, 9400 and 9500 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the May series stands at 9300 strike price. In today’s trading session, Nifty 9300, 9400 and 9500 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 9500. On the downside, immediate support lies around the 9350 level and below that 9250 level.  

·         Stocks in ban for trade on 16-May-2017: Canbk, Ceat, IBReal Estate, IFCI, JISLJAL, JSWEnergy, KTKBANK, Orient Bank, Syndibank and Ujjivan.

DERIVATIVE HIGHLIGHTS FOR 12-05-2017:

·         Nifty future seen addition of 3 lacs in OI and Bank Nifty seen unwinding of 0.5 lacs in OI.

·         Nifty OI PCR ratio increased from 1.12 to 1.14.

·         Stocks seen long build-up includes GodrejCP, Balrampur, JSWEnergy, Indigo, HDIL, Syndicate Bank, Siemens, CAPF, CGPower, Fortis, Bajaj Auto, Torntpharma and Godrej Ind. Stocks seen short build-up includes LICHSGFIN, PEL, NHPC, Canbank, Bergerpaint, Unionbank, Titan, Canfinhomes, Auropharma and Biocon.

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

·         Looking into the option data, immediate support lies around the 9200 level and on the upside the immediate resistance lies around the 9367 level and a sustain trade above 9367 will open the upside level of 9500. On the downside, a sustain trade below 9200 will open the downside level of 9075 level.

·         Stocks in ban for trade on 10-May-2017: Adani Enterprise, Bharat Finance, HDIL, IRB, JSWEnergy, KTKBANK, Syndibank and Ujjivan.

DERIVATIVE HIGHLIGHTS FOR 11-05-2017:

·         Nifty future seen addition of 6 lacs in OI and Bank Nifty seen unwinding of 0.5 lacs in OI.

·         Nifty OI PCR ratio increased from 1.22 to 1.26.

·         Stocks seen long build-up includes Godfrey, UBL, Canbank, Heromotor, Hexaware, Suntv, Infratel, ALBk, Shree Cement, Chola Finance, Bajfinance and Orientbank. Stocks seen short build-up includes OIL, Fortis, Arvind, GAIL, CAPF, Adani Net, Coal India, VGuard, GSFC, ONGC and Motherson.

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

·         As mentioned, Nifty does achieved the target of 9450, vindicating our view. Looking into the option data, Nifty likely to move towards the level of 9500. On the downside, immediate support lies around the 9350 level and below that 9250 level.  

·         Stocks in ban for trade on 12-May-2017: Bharat Finance, Canbk, Ceat, HDIL, IBReal Estate, IFCI, JSWEnergy, KTKBANK, Syndibank and Ujjivan.

DERIVATIVE HIGHLIGHTS FOR 10-05-2017:

·         Nifty future seen addition of 15 lacs in OI and Bank Nifty seen addition of 1.8 lacs in OI.

·         Nifty OI PCR ratio increased from 1.14 to 1.22.

·         Stocks seen long build-up includes Nestle, Escort, MGL, CAPF, NIITTech, CGPower, Chola Finance, Canfinhomes, PEL, Petronet, Kotakbank, Britannia, Bharti Airtel and Hindunilever. Stocks seen short build-up includes Cadila, Ceat, Fortis, Canbk, Dishtv, Apollo Tyre, Biocon and DCBBank.

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

·         Nifty does break the trading range on the upside and as mentioned a move above 9367 is likely to open the upside level of 9450-9500. On the downside, immediate support lies around the 9330 level and below that 9250 level.  

·         Stocks in ban for trade on 11-May-2017: Bharat Finance, Ceat, HDIL, IBReal Estate, IFCI, IRB, JSWEnergy, KTKBANK, Syndibank and Ujjivan.

DERIVATIVE HIGHLIGHTS FOR 09-05-2017:

·         Nifty future seen addition of 3 lacs in OI and Bank Nifty seen unwinding of 0.5 lacs in OI.

·         Nifty OI PCR ratio increased from 1.12 to 1.14.

·         Stocks seen long build-up includes GodrejCP, Balrampur, JSWEnergy, Indigo, HDIL, Syndicate Bank, Siemens, CAPF, CGPower, Fortis, Bajaj Auto, Torntpharma and Godrej Ind. Stocks seen short build-up includes LICHSGFIN, PEL, NHPC, Canbank, Bergerpaint, Unionbank, Titan, Canfinhomes, Auropharma and Biocon.

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

·         Looking into the option data, immediate support lies around the 9200 level and on the upside the immediate resistance lies around the 9367 level and a sustain trade above 9367 will open the upside level of 9500. On the downside, a sustain trade below 9200 will open the downside level of 9075 level.

·         Stocks in ban for trade on 10-May-2017: Adani Enterprise, Bharat Finance, HDIL, IRB, JSWEnergy, KTKBANK, Syndibank and Ujjivan.

DERIVATIVE HIGHLIGHTS FOR 08-05-2017:

·         Nifty future seen addition of 3 lacs in OI and Bank Nifty seen addition of 1.6 lacs in OI.

·         Nifty OI PCR ratio increased from 1.11 to 1.12.

·         Stocks seen long build-up includes MRPL, NIITECH, Balkrishna, IndianB, IBReal Estate, CESC, Hexaware, GSFC, Unionbank, Havells and PVR. Stocks seen short build-up includes Balrampur, Infibeam, LICHSGFIN, MCX, Bajaj Auro, Fortis, Reliance, Ajanta Pharma, CONCOR, Havells, Hindalco, Tata Steel and COLPAL.

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

·         Looking into the option data, immediate support lies around the 9200 level and on the upside the immediate resistance lies around the 9367 level and a sustain trade above 9367 will open the upside level of 9500. On the downside, a sustain trade below 9200 will open the downside level of 9075 level.

·         Stocks in ban for trade on 9-May-2017: Adani Enterprise, Bharat Finance, IRB, KTKBANK and Ujjivan.

DERIVATIVE HIGHLIGHTS FOR 05-05-2017:

·         Nifty future seen unwinding of 9 lacs in OI and Bank Nifty seen unwinding of 1.3 lacs in OI.

·         Nifty OI PCR ratio decreased from 1.18 to 1.11.

·         Stocks seen long build-up includes Escort, Infibeam, Mindtree, Eicher Motor, Indigo and Cadila. Stocks seen short build-up includes Bajfinance, MCX, Equitas, IBReal Estate, Hindalco, Reliance, Bank India, Tata Motor, GodrejCP, VEDL, Torntpharma, ZEEL and JISLJAL.

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

·         Looking into the option data, immediate support lies around the 9200 level and on the upside the immediate resistance lies around the 9367 level and a sustain trade above 9367 will open the upside level of 9500. On the downside a sustain trade below 9200 will open the downside level of 9075 level.

·         Stocks in ban for trade on 8-May-2017: Adani Enterprise, Bharat Finance, IRB, JSW Energy, KTKBANK and Ujjivan.

DERIVATIVE HIGHLIGHTS FOR 04-05-2017:

·         Nifty future seen addition of 3 lacs in OI and Bank Nifty seen addition of 4.2 lacs in OI.

·         Nifty OI PCR ratio increased from 1.13 to 1.18.

·         Stocks seen long build-up includes GSFC, Canfinhomes, Orientbank, ALBK, Biocon, Tata Chem, Havells, Ambuja Cement and Axisbank. Stocks seen short build-up includes Bharat Forge, Fortis, Raymond, Glenmark, Tata Motor, KSCL, Torntpharma, Indusindbank, IBReal Estate, Hindalco and RCom.

·         Option statistics: Nifty highest Call option OI for May series stands at 9500 strike price. In today’s trading session, Nifty 9200 and 9300 call option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the May series stands at 9300 strike price. In today’s trading session, Nifty 9200, 9300 and 9400 put option seen addition in OI with IV increasing indicates buying of option.

·         Looking into the option data, immediate support lies around the 9200 level and on the upside the immediate resistance lies around the 9367 level and a sustain trade above 9367 will open the upside level of 9500.

·         Stocks in ban for trade on 5-May-2017: Adani Enterprise, Bharat Finance, JSW Energy and Ujjivan.

DERIVATIVE HIGHLIGHTS FOR 03-05-2017:

·         Nifty future seen addition of 3 lacs in OI and Bank Nifty seen unwinding of 1.5 lacs in OI.

·         Nifty OI PCR ratio increased from 1.11 to 1.13

·         Stocks seen long build-up includes IndianB, Hexaware, Godrejind, Syndibank, UBL, PTC, GodrejCP, ALBK, Unionbank, PEL, Arvind, Cummins and Ceat. Stocks seen short build-up includes Biocon, Marico, Hind Petro, Exideind, Torntpharma, Infibeam, Dabur, CONCOR, Indigo, Tata Steel and RCom.

·         Option statistics: Nifty highest Call option OI for May 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 May series stands at 9000 strike price. In today’s trading session, Nifty 9200, 9300 and 9400 put option seen addition in OI with IV increasing indicates buying of option.

·         Looking into the option data, immediate support lies around the 9200 level and on the upside the immediate resistance lies around the 9367 level. 

DERIVATIVE HIGHLIGHTS FOR 02-05-2017:

·         Nifty future OI remains flat at 2.05 crores and Bank Nifty seen unwinding of 1.1 lacs in OI.

·         Nifty OI PCR ratio increased from 1.10 to 1.11.

·         Stocks seen long build-up includes DCBBank, RDEL, KPIT, PEL, LICHSGFIN, Escort, Indigo, Syndicate bank, IBReal Estate, KTKbank, HDFC, Apollo Tyre, Sintex, Marico, DHFL and L&TFH. Stocks seen short build-up includes Ujjivan, HDIL, Infibeam, Torntpharma, Ambuja Cement, CONCOR, Srtransfin, Jindal Steel and Reliance.

·         Option statistics: Nifty highest Call option OI for May series stands at 9500 strike price. In today’s trading session, Nifty 9300 and 9400 call option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the May series stands at 9000 strike price. In today’s trading session, Nifty 9200, 9300 and 9400 put option seen addition in OI with IV increasing indicates buying of option.

·         Looking into the option data, immediate support lies around the 9200 level and on the upside the immediate resistance lies around the 9367 level.

·         Stocks in ban for trade on 3-May-2017: Adani Ent, Bharat Finance, JSW Energy and Ujjivan. 

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.