DERIVATIVE DIARY - DECEMBER 2017

DERIVATIVE HIGHLIGHTS FOR 08-12-2017:

·        Nifty future seen addition of 6 lacs in OI and Bank Nifty future seen unwinding of 2.6 lacs in OI.

·        Nifty OI PCR ratio increased from 1.17 to 1.26.

·        Stocks seen long build-up includes Pidiliteind, Balkrishna, JPAssociate, Chennai Petro, NBCC, Jublfood, Suntv, M&M, Maruti, Justdial, BHEL, Apollo Tyre, Ibulhsgfin and Voltas. Stocks seen short build-up includes Mindtree, Pageind, Unionbank, IGL, Shree Cement, Heromotor, ZEEL and Asian Paint.

·        Option statistics: Nifty highest Call option OI for December series stands at 10500 strike price. In today’s trading session, Nifty 10100, 10200 and 10300 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the December series stands at 10000 strike price. In today’s trading session, Nifty 10100 and 10200 put options seen addition in OI with IV increasing indicates buying of option.

·        As mentioned in the yesterday report, Nifty does move towards the level of 10280, making a high of 10270, vindicating our view. Looking into the option data, Nifty likely to move towards the level of 10400 once sustain above 10290 levels. On the downside, immediate support stands around the 10130 level and below that 10040 level. 

·        Stocks in ban for trade on 11-Dec-2017: HDIL, IRB, JETAIRWAYS, JISLJAL, JPASSOCIATE and JSWENERGY.

DERIVATIVE HIGHLIGHTS FOR 07-12-2017:

·        Nifty future OI remains flat at 2.11 crores and Bank Nifty future seen addition of 0.4 lacs in OI.

·        Nifty OI PCR ratio increased from 1.11 to 1.17.

·        Stocks seen long build-up includes Gail, Idea, Jet Airways, HDIL, Havells, Pageind, IGL, Voltas, Maruti, DLF, TVS Motor, Bergerpaint, M&M and NCC. Stocks seen short build-up includes Jublfood, Hexaware, IRB, Indigo, Bata India, KSCL and NIITTech.

·        Option statistics: Nifty highest Call option OI for December series stands at 10500 strike price. In today’s trading session, Nifty 10000, 10100 and 10200 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the December series stands at 10000 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, a sustain trade above 10180 on Nifty will open the upside of 10280-10350 level. On the downside, immediate support stands around the 10040 level.  

DERIVATIVE HIGHLIGHTS FOR 06-12-2017:

·        Nifty seen addition of 10 lacs in OI and Bank Nifty seen addition of 3.1 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.16 to 1.11.

·        Stocks seen long build-up includes Ambuja Cement, M&MFinance, Pageind, Hindunilvr, Maruti, Dishtv and Jet Airways. Stocks seen short build-up includes Siemens, Unionbank, CGPower, Chennai Petro, Canbank, Cholafinance, LT, UBL, Voltas, Bosch, M&M, HDFC, Oreintbank and HDFCBank.

·        Option statistics: Nifty highest Call option OI for December series stands at 10500 strike price. In today’s trading session, Nifty 10000, 10100 and 10200 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the December series stands at 10000 strike price. In today’s trading session, Nifty 10000 and 10100 put options seen addition in OI with IV increasing indicates buying of option.

·        Looking into the option data and as mentioned in daily report, a close below 10090 on Nifty will open the downside level of 9950. On the upside, immediate resistance stands around the 10140 level.

·        Stocks in ban for trade on 07-Dec-2017: JISLJAL.

DERIVATIVE HIGHLIGHTS FOR 04-12-2017:

·        Nifty seen addition of 7 lacs in OI and Bank Nifty seen addition of 2 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.20 to 1.19.

·        Stocks seen long build-up includes Biocon, TVSMotor, Mindtree, OFSS, DLF and GAIL. Stocks seen short build-up includes Justdial, Pidiliteind, Syndicate bank, RDEL, KPIT, IndianB, Jublfood, TV18, Ashokleyland, Cadila and Bharat Forge.

·        Option statistics: Nifty highest Call option OI for December series stands at 10500 strike price. In today’s trading session, Nifty 10100, 10200 and 10300 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the December series stands at 10000 strike price. In today’s trading session, Nifty 10100 and 10200 put options seen addition in OI with IV increasing indicates buying of option.

·        Looking into the option data, a close below 10090 on Nifty will open further downside to the level of 9950. On the upside, immediate resistance stands around the 10300 level.

·        Stocks in ban for trade on 05-Dec-2017: NIL.

DERIVATIVE HIGHLIGHTS FOR 01-12-2017:

·        Nifty seen addition of 5 lacs in OI and Bank Nifty seen addition of 1.3 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.32 to 1.20.

·        Stocks seen long build-up includes Cholafinance, M&MFinance, Ambuja Cement, Ashokleyland and Hexaware. Stocks seen short build-up includes Escorts, Cummins, Power Grid, KPIT, TV18, Equitas, PVR, Ramco Cement, JPAssociate and ZEEL.

·        Option statistics: Nifty highest Call option OI for December series stands at 10500 strike price. In today’s trading session, Nifty 10100, 10200 and 10300 call options seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the December series stands at 10000 strike price. In today’s trading session, Nifty 10100, 10200 and 10300 put options seen addition in OI with IV increasing indicates buying of option.

·        As mentioned in the yesterday report, Nifty does slide towards the support of 10090, making a low of 10109, vindicating our view. Looking into the option data a close below 10090 will open further downside to the level of 9950. On the upside, immediate resistance stands around the 10300 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.