DERIVATIVE DIARY - SEPTEMBER 2017

DERIVATIVE HIGHLIGHTS FOR 28-09-2017:

·         The market-wide position in the derivative segment at the beginning of the October series vis-à-vis September series stands at:

Particulars	28-Sep-17	31-Aug-17	% Change
OVERALL OI IN NO. OF SHARES (Cr.)	512.17	465.08	10.13%
NIFTY FUT OI IN NO. OF SHARES (Cr.)	2.05	1.64	25.00%
STOCK FUT OI IN NO. OF SHARES (Cr.)	447.90	408.47	9.65%
BANK NIFTY FUT OI (No. in Mn)	2.21	1.68	31.55%
CALL OPTION OI IN NO. OF SHARES (Cr.)	5.26	4.67	12.63%
PUT OPTION OI IN NO. OF SHARES (Cr.)	6.54	6.20	5.48%
OI (Rs. in crores)	269871.00	246886.00	9.31%
NIFTY CLOSING	9768.95	9917.90	-1.50%

·         Overall rollover for the new series stands at 85% vs. 84% in the last series and also higher than the 3M Average of 83%. Nifty rollover for the new series too is at the higher side stands at 70% vs. 58% in the last series and also higher than 3M Average of 66%. However, Bank Nifty rollover is on the lower side at 65% vs. 68% in the last series and also lowers than the 3M Average of 68%.

·         Nifty OI PCR ratio stands at 1.24.

·         Option statistics: Nifty highest Call option OI for October series stands at 10000 strike price. In today’s trading session, Nifty 9700, 9800 and 9900 call options seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the October series stands at 9700 strike price. In today’s trading session, Nifty 9700, 9800 and 9900 put options seen addition in OI with IV increasing indicates buying of option.

·         Looking into the option data, the immediate support lies around the 9685 level. A sustain trade below 9685 will open the downside of 9600-9500 level. On the upside immediate resistance lies around the 9920 level.  

DERIVATIVE HIGHLIGHTS FOR 27-09-2017:

·         Nifty seen addition of 7 lacs in OI and Bank Nifty seen addition of 1.1 lacs in OI.

·         Nifty OI PCR ratio decreased from 1.11 to 1.

·         Stocks seen long build-up includes Ambuja Cement and TechM. Stocks seen short build-up includes Siemens, Bharat Forge, GMRInfra, Suzlon, Canbank, Southbank, IRB, ACC, SAIL, UPL, Engineersindia, COLPAL, Tata Elxsi, Orientbank, Unionbank, M&M, L&TFH, Adani Port, MFSL, Castrol and ICICIBank.

·         Option statistics: Nifty highest Call option OI for September series stands at 9900 strike price. In today’s trading session, Nifty 9700, 9750 and 9800 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the September series stands at 9700 strike price. In today’s trading session, Nifty 9750 put options seen addition in OI with IV decreasing indicates writing of option.

·         Overall rollover before E-1 trading day’s stand at 55% vs. 55% in the previous series. Nifty rollover before E-1 trading day’s stand at 46% vs. 37% in the last series.

·         Stocks were the rollover before E-1 trading day’s is lesser than 50% includes Arvind, M&M, Albk, Andhra bank, HDFC, Kotakbank, LICHSG, Orientbank, PFC, PNB, Relcapital, Syndicate bank, Ambuja Cement, GMRInfra, Voltas, ITC, Hindalco, Drreddy, NTPC, Idea, Jublfood and UBL. On back of lower rollover one can expect high volatility in the above stocks.

·         As mentioned in the yesterday report, a break below 9790 will open the downside of 9685; Nifty does slide making a low of 9715, vindicating our view. Looking into the option data, the immediate support lies around the 9685 level. A sustain trade below 9685 will open the downside of 9600-9500 level. On the upside immediate resistance lies around the 9920 level.

·         Stocks in ban for trade on 28-Sep-2017: DHFL, DLF, GMRINFRA, IBREALEST, JPASSOCIATE, JSWENERGY and RCOM.

DERIVATIVE HIGHLIGHTS FOR 26-09-2017:

·         Nifty seen addition of 13 lacs in OI and Bank Nifty seen addition of 2.1 lacs in OI.

·         Nifty OI PCR ratio decreased from 1.12 to 1.11.

·         Stocks seen long build-up includes DHFL, OIL, Wock Pharma, IFCI, Mindtree, Sreinfra, Heromotor, Adaniport, Motherson, Southbank, IDBI, NTPC and India Cement. Stocks seen short build-up includes Cholafin, JPAssociate, Justdial, Ramco Cement, Indusindbank, Pidiliteind, JISLJAL, Kotakbank, UPL, IGL and RECLTD.

·         Option statistics: Nifty highest Call option OI for September series stands at 10000 strike price. In today’s trading session, Nifty 9800 and 9900 call options seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the September series stands at 9800 strike price. In today’s trading session, Nifty 9800 put options seen addition in OI with IV increasing indicates buying of option.

·         Overall rollover before E-2 trading day’s stand at 37% vs. 35% in the previous series. Nifty rollover before E-2 trading day’s stand at 31% vs. 27% in the last series.

·         Looking into the option data, the immediate support lies around the 9790-9800 level and a break below 9790 will open the possibility downside of 9685 level. On the upside immediate resistance lies around the 9950 level.

·         Stocks in ban for trade on 27-Sep-2017: BEML, DHFL, DLF, IBREALEST, ICIL, JPASSOCIATE, JSWENERGY, RCOM and RELCAPITAL.

DERIVATIVE HIGHLIGHTS FOR 25-09-2017:

·         Nifty seen addition of 8 lacs in OI and Bank Nifty OI remain flat at 2.24 mn.

·         Nifty OI PCR ratio decreased from 1.24 to 1.12.

·         Stocks seen long build-up includes UBL, Andhra Bank, Tata Power, IGL, REC and Tata Chem. Stocks seen short build-up includes JPAssociate, Motherson, Chennai Petro, Ambuja Cement, GMRInfra, Godrejind, Amaraja and Indian Bank

·         Option statistics: Nifty highest Call option OI for September series stands at 10000 strike price. In today’s trading session, Nifty 9800, 9900 and 10000 call options seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the September series stands at 9700 strike price. In today’s trading session, Nifty 9800 put options seen addition in OI with IV increasing indicates buying of option.

·         Looking into the option data, the immediate support lies around the 9790-9800 level and a break below 9790 will open the possibility downside of 9685 level. On the upside immediate resistance lies around the 9950 level.

·         Stocks in ban for trade on 26-Sep-2017: BEML, DLF, IBREALEST, ICIL, INFIBEAM, JSWENERGY, RCOM and RELCAPITAL.

DERIVATIVE HIGHLIGHTS FOR 22-09-2017:

·         Nifty seen addition of 6 lacs in OI and Bank Nifty seen unwinding of 2.1 lacs in OI.

·         Nifty OI PCR ratio decreased from 1.52 to 1.24.

·         Stocks seen short build-up includes HCC, RelCapital, Canbk, Unionbank, IDFCBank, Hero Motor, Balrampur Chinni, L&TFH, Bajfinance, Indigo, ACC, IDBI and Jindal Steel.

·         Option statistics: Nifty highest Call option OI for September series stands at 10200 strike price. In today’s trading session, Nifty 9900, 10000 and 10100 calls option seen additions in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the September series stands at 9900 strike price. In today’s trading session, Nifty 10000, 10100 and 10200 put options seen unwinding in OI with IV decreasing indicates profit booking of option.

·         As mentioned in yesterday report, a break below 10050 likely to open the downside of 9950 and Nifty does make a low of 9952, vindicating our view. Looking into the option data, a close below 9950 will open further downside of 9800-9750 level. On the upside, immediate resistance lies around 10100 and above that 10180 level.

·         Stocks in ban for trade on 25-Sep-2017: BEML, DHFL, DLF, HDIL, IBREALEST, ICIL, INDIACEM, INFIBEAM, JSWENERGY, RCOM and WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 21-09-2017:

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

·         Nifty OI PCR ratio decreased from 1.57 to 1.52.

·         Stocks seen long build-up includes Torntpharma, Ajanta Pharma, Wock Pharma, RCom, IGL, Bata India and Heromotor. Stocks seen short build-up includes STAR, RelCapital, Nationalum, Bajfinance, SAIL, Marico, Pidiliteind, ACC, Voltas, ICICIBank, PNB, DLF and Unionbank.

·         Option statistics: Nifty highest Call option OI for September series stands at 10200 strike price. In today’s trading session, Nifty 10000 and 10200 calls option seen unwinding in OI with IV decreasing indicates profit booking while 10100 call option seen additions in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the September series stands at 9900 strike price. In today’s trading session, Nifty 10000, 10100 and 10200 put options seen unwinding in OI with IV decreasing indicates profit booking of option.

·         Looking into the option data, the immediate support on the downside lies around the 10050 level and a slide below 10050 the next crucial support lies around 9950 level. On the upside, immediate resistance lies around 10180 and a move above 10180 will open the upside of 10250. 

DERIVATIVE HIGHLIGHTS FOR 20-09-2017:

·         Nifty seen addition of 6 lacs in OI and Bank Nifty seen unwinding of 0.8 lacs in OI.

·         Nifty OI PCR ratio remains flat at 1.57.

·         Stocks seen long build-up includes South Bank, Nationalum, NBCC, KTKBank, Tata Steel, STAR, Canbank, Apollo Tyre, TechM and Chola Finance. Stocks seen short build-up includes CGPower, India Cement, Hero Motor, Hindalco, Titan, Godrejind, Cummins, Hexaware and Indigo.

·         Option statistics: Nifty highest Call option OI for September series stands at 10200 strike price. In today’s trading session, Nifty 10200, 10300 and 10400 calls option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the September series stands at 10000 strike price. In today’s trading session, Nifty 10000, 10100 and 10200 put options seen unwinding in OI with IV decreasing indicates profit booking of option.

·         Looking into the option data, a move above 10180 will open the upside of 10250.  On the downside, immediate support lies around the 10100 and below that 9950 level.

·         Stocks in ban for trade on 21-Sep-17: BEML, DHFL, HDIL, IBReal Estate, ICIL, India Cement, Infibeam, JPAssociate, JSWEnergy and Just Dial.

DERIVATIVE HIGHLIGHTS FOR 19-09-2017:

·         Nifty seen addition of 2 lacs in OI and Bank Nifty seen unwinding of 0.6 lacs in OI.

·         Nifty OI PCR ratio remains flat at 1.57.

·         Stocks seen long build-up includes Kajaria Ceramics, Tata Chem, BEML, MGL, Hind Petro, GAIL, ITC, IGL, Petronet, Andhrabank, Equitas, Infratel and VGuard. Stocks seen short build-up includes Indigo, PEL, Granules, LICHSGFIN, Ramco Cement, Nationalum, Ajanta Pharma, SBIN, CGPower, RelCapital and ICIL.

·         Option statistics: Nifty highest Call option OI for September series stands at 10200 strike price. In today’s trading session, Nifty 10200 calls option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the September series stands at 1000 strike price. In today’s trading session, Nifty 10100 put options seen addition in OI with IV decreasing indicates writing of option.

·         As mentioned in the last report, Nifty does move towards the first target of 10190, making a high of 10179, vindicating our view. Looking into the option data, Nifty likely to move towards the level of 10250.  On the downside, immediate support lies around the 10100 and below that 9950 level.

·         Stocks in ban for trade on 20-Sep-17: BEML, DHFL, HDIL, IBReal Estate, Infibeam, JPAssociate, JSWEnergy and Just Dial.

DERIVATIVE HIGHLIGHTS FOR 18-09-2017:

·         Nifty seen unwinding of 3 lacs in OI and Bank Nifty seen addition of 0.9 lacs in OI.

·         Nifty OI PCR ratio increased from 1.53 to 1.57.

·         Stocks seen long build-up includes Just Dial, MFSL, Jublfood, Balkrishna, Bajaj Auto, Apollo Tyre, PTC, Axisbank, Granules, Sreinfra, Manapurram and Infibeam. Stocks seen short build-up includes Indigo, CGPower, ITC, Bajfinance, Repco Home, Jet Airways and RCom.

·         Option statistics: Nifty highest Call option OI for September series stands at 10200 strike price. In today’s trading session, Nifty 10200 calls option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the September series stands at 1000 strike price. In today’s trading session, Nifty 10000, 10100 and 10200 put options seen addition in OI with IV decreasing indicates writing of option.

·         As mentioned in the last report, Nifty does cross the resistance of 10138 and is likely to move towards the level of 10190-10250.  On the downside, immediate support lies around the 10100 and below that 9950 level.

·         Stocks in ban for trade on 19-Sep-17: DHFL, HDIL, IBReal Estate, Infibeam, JPAssociate, JSWEnergy, Just Dial and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 15-09-2017:

·         Nifty seen addition of 1 lakh in OI and Bank Nifty seen unwinding of 0.1 lacs in OI.

·         Nifty OI PCR ratio decreased from 1.54 to 1.53.

·         Stocks seen long build-up includes Grasim, Andhrabank, MFSL, ALBK, Bajaj Auto, Syndicate Bank, PVR, Bank India and HCLtech. Stocks seen short build-up includes Shree Cement, Nationalum, Bergerpaint, LICHSGFIN, MGL, ICICPru, CGPower, Indusindbank, ITC and Amaraja.

·         Option statistics: Nifty highest Call option OI for September series stands at 10200 strike price. In today’s trading session, Nifty 10100 calls option seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the September series stands at 9900 strike price. In today’s trading session, Nifty 10000 and 10100 put options seen unwinding in OI with IV increasing indicates covering by writers of option.

·         Looking into the option data, Nifty has an immediate resistance around the previous high of 10138 and a sustain move above 10138 will open further upside level of 10190-10250.  On the downside, immediate support lies around the 10000 and below that 9940 level. 

DERIVATIVE HIGHLIGHTS FOR 14-09-2017:

·         Nifty seen addition of 4 lacs in OI and Bank Nifty seen addition of 0.4 lacs in OI.

·         Nifty OI PCR ratio increased from 1.52 to 1.54.

·         Stocks seen long build-up includes BHEL, Torntpharma, IGL, HCC, Adani Port, PNB, PEL, PTC, Ajanta Pharma, Ban India and Tat Power. Stocks seen short build-up includes Indigo, BEL, VEDL, CONCOR, OIL, RelCapital, HDIL, COLPAL and ONGC.

·         Option statistics: Nifty highest Call option OI for September series stands at 10200 strike price. In today’s trading session, Nifty 10100 calls option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the September series stands at 9900 strike price. In today’s trading session, Nifty 10000 and 10100 put options seen addition in OI with IV decreasing indicates writing of option.

·         Looking into the option data, Nifty has an immediate resistance around the previous of 10138 and a sustain move above 10138 will open further upside level of 10190-10250.  On the downside, immediate support lies around the 10000 and below that 9940 level.

DERIVATIVE HIGHLIGHTS FOR 13-09-2017:

·         Nifty seen addition of 6 lacs in OI and Bank Nifty seen unwinding of 1.1 lacs in OI.

·         Nifty OI PCR ratio increased from 1.51 to 1.52.

·         Stocks seen long build-up includes Divislab, Hexaware, Ajanta Pharma, Wock Pharma, Lupin, Orientbank and Marico. Stocks seen short build-up includes Jublfood, Concor, Torntpower, BPCL, Apollo Hospital, Chola Finance, Relcapital, Pidiliteind, Amaraja, ITC and RBLBank.

·         Option statistics: Nifty highest Call option OI for September series stands at 10200 strike price. In today’s trading session, Nifty 10100 calls option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the September series stands at 9900 strike price. In today’s trading session, Nifty 10000 and 10100 put options seen addition in OI with IV increasing indicates buying of option.

·         As mentioned and anticipated, Nifty does move towards the level of 10138, making a high of 10132, vindicating our view. Looking into the option data, a sustain move above 10138 will open further upside level of 10190.  On the downside, immediate support lies around the 10000 and below that 9940 level.

·         Stocks in ban for trade on 14-Sep-2017: DHFL, IBREALEST, JPASSOCIATE, JSWENERGY and WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 12-09-2017:

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

·         Nifty OI PCR ratio increased from 1.43 to 1.51.

·         Stocks seen long build-up includes Voltas, Havells, Shree Cement, Chola Finance, ACC, Manappuram, NBCC, NCC, IGL, Jet Airways, SRF, CAPF, Exideind, Ceat, Kotakbank, MGL and Cummins. Stocks seen short build-up includes Indigo, IBullhsgfin, Jublfood, L&TFH, CGPower, Heromotor and CONCOR.

·         Option statistics: Nifty highest Call option OI for September series stands at 10200 strike price. In today’s trading session, Nifty 9900, 10000 and 10100 calls option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the September series stands at 9900 strike price. In today’s trading session, Nifty 9900, 10000 and 10100 put options seen addition in OI with IV decreasing indicates writing of option.

·         As mentioned and anticipated in the last report, a move above 9990 on Nifty likely to lead towards the level of 10070-10138, Nifty made a high of 10098, vindicating our view. Looking into the option data, Nifty likely to move towards 10138. On the downside, immediate support lies around the 9970.

·         Stocks in ban for trade on 13-Sep-2017: DHFL, IBREALEST and JPASSOCIATE.

DERIVATIVE HIGHLIGHTS FOR 08-09-2017:

·         Nifty seen addition of 3 lacs in OI and Bank Nifty OI remain flat 1.95 mn.

·         Nifty OI PCR ratio increased from 1.35 to 1.38.

·         Stocks seen long build-up includes Amaraja, OIL, Kajaria, PVR, Ashok Leyland, IGL, HDFCBank, Arvind, Biocon, Maruti and KSCL. Stocks seen short build-up includes Power Grid, Repco Home, M&M, Dishtv, LICHSG, National, UPL, ICIL, ALBk, L&TFH, PCjeweller, Jet Airways and Syndibank.

·         Option statistics: Nifty highest Call option OI for September series stands at 10000 strike price. In today’s trading session, Nifty 9800, 9900 and 10000 calls option seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the September series stands at 9700 strike price. In today’s trading session, Nifty 9800, 9900 and 10000 put options seen addition in OI with IV increasing indicates buying of option.

·         Looking into the option data, Nifty likely trading range of 9990-9850 and a breakout of the trading range on either side will give direction. A sustain trade above of 9990 will open the upside of 10070-10138 level. On the downside, a break below 9850 will open the downside of 9740 level.

·         Stocks in ban for trade on 11-Sep-2017: DHFL, IBREALEST, JSWENERGY and JUSTDIAL.

DERIVATIVE HIGHLIGHTS FOR 07-09-2017:

·         Nifty seen addition of 1 lakh in OI and Bank Nifty seen addition of 1.8 lacs in OI.

·         Nifty OI PCR ratio increased from 1.32 to 1.35.

·         Stocks seen long build-up includes Cadila, VGuard, Nationalum, Arvind, Tata Elxsi, Raymond, Cummins, Bajaj Finance, Tata Chem, BEML, Rel Capital, NMDC, Repco Home, Eicher Motor and HDIL. Stocks seen short build-up includes Equitas, PcJeweller, ITC, SREInfra, UBL, IndianB, Chola Finance, RBLBank, Muthootfinance and ICICIPrulife.

·         Option statistics: Nifty highest Call option OI for September series stands at 10000 strike price. In today’s trading session, Nifty 9900 and 10000 calls option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the September series stands at 9700 strike price. In today’s trading session, Nifty 9800, 9900 and 10000 put options seen addition in OI with IV decreasing indicates writing of option.

·         Looking into the option data, Nifty does break the immediate resistance of 9950 and is likely to move towards the level of 10050-10138 level. On the downside, immediate support lies around the 9850-9820 band level.  

DERIVATIVE HIGHLIGHTS FOR 06-09-2017:

·         Nifty seen addition of 9 lacs in OI and Bank Nifty seen unwinding of 0.8 lacs in OI.

·         Nifty OI PCR ratio decreased from 1.35 to 1.32.

·         Stocks seen long build-up includes Equitas, Repco Home, Muthootfinance, Reliance, RelCapital, Just Dial, Bajfinance, L&TFH, MGL, CAPF, ICIL, COLPAL and HDIL. Stocks seen short build-up includes PNB, GodrejCP, MFSL, Power Grid, Idea, BOSCH, Unionbank, ITC and Cadila.

·         Option statistics: Nifty highest Call option OI for September series stands at 10000 strike price. In today’s trading session, Nifty 9900 and 10000 calls option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the September series stands at 9700 strike price. In today’s trading session, Nifty 9800 put option seen addition in OI with IV decreasing indicates writing of option.

·         Looking into the option data, Nifty does break the immediate resistance of 9950 and is likely to move towards the level of 10050-10138 level. On the downside, immediate support lies around the 9850-9820 band level.

·         Stocks in ban for trade on 7-Sep-17: IBReal Estate, Just Dial and JSWEnergy.

DERIVATIVE HIGHLIGHTS FOR 05-09-2017:

·         Nifty seen addition of 7 lacs in OI and Bank Nifty OI remains flat at 1.92 mn.

·         Nifty OI PCR ratio increased from 1.30 to 1.35.

·         Stocks seen long build-up includes Ramco Cement, L&TFH, Hexaware, Ceat, Titan, NIITTech, Berger Paint, CGPower, Kajaria, Muthootfin, IGL, Reliance, ACC, Ambuja Cement and DHFL. Stocks seen short build-up includes Bajfinance, OFSS, Cummins, Just Dial, Idea and Tata Chem.

·         Option statistics: Nifty highest Call option OI for September series stands at 10000 strike price. In today’s trading session, Nifty 9900 and 10000 calls option seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the September series stands at 9700 strike price. In today’s trading session, Nifty 9800, 9900 and 10000 put options seen addition in OI with IV decreasing indicates writing of option.

·         Looking into the option data, Nifty does break the immediate resistance of 9950 and is likely to move towards the level of 10050-10138 level. On the downside, immediate support lies around the 9850-9820 band level.

·         Stocks in ban for trade on 5-Sep-17: IBReal Estate and JSWEnergy.

DERIVATIVE HIGHLIGHTS FOR 04-09-2017:

·         Nifty seen addition of 6 lacs in OI and Bank Nifty OI remains flat at 1.92 mn.

·         Nifty OI PCR ratio decreased from 1.38 to 1.30.

·         Stocks seen long build-up includes Oil, McDowell, Pageind, Tata Elxsi, OFSS, Raymond, BEML, Ashok Leyland, Havells, TV18 and Wockpharma. Stocks seen short build-up includes JSWEnergy, Bergerpaint, IOC, ACC, Cipla, Cholafin, REC, Glenmark, CONCOR, Bajfinserv and Adaniport.

·         Option statistics: Nifty highest Call option OI for September series stands at 10000 strike price. In today’s trading session, Nifty 9800, 9900 and 10000 calls option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the September series stands at 9700 strike price. In today’s trading session, Nifty 9800, 9900 and 10000 put options seen unwinding in OI with IV increasing indicates short covering by writers of option.

·         Looking into the option data, Nifty does break the immediate resistance of 9950 and is likely to move towards the level of 10050-10138 level. On the downside, immediate support lies around the 9850-9820 band level.  

DERIVATIVE HIGHLIGHTS FOR 01-09-2017:

·         Nifty seen addition of 11 lacs in OI and Bank Nifty addition of 2.4 lacs in OI.
·     Nifty OI PCR ratio increased from 1.33 to 1.38.
·         Stocks seen long build-up includes Oil, IBReal Estate, Pidilite, BEML, Just Dial, Berger Paint, Raymond, HDIL, NIITech, Godfrey, HCC, Relcapital, Ashok Leyland, Adani Ent, Chennai Petro and Srtransfin. Stocks seen short build-up includes Grasim, Cholafinace, Power Grid, NHPC, Petronet and Hexaware.
·         Option statistics: Nifty highest Call option OI for September series stands at 10000 strike price. In today’s trading session, Nifty 10000 calls option seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the September series stands at 9700 strike price. In today’s trading session, Nifty 9800, 9900 and 10000 put options seen addition in OI with IV decreasing indicates writing of option.
·         Looking into the option data, Nifty does break the immediate resistance of 9950 and is likely to move towards the level of 10050-10138 level. On the downside, immediate support lies around the 9850-9820 band level.
·         Stocks in ban for trade on 4-Sep-2017: IBREALEST.

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.