DERIVATIVE DIARY - MAY 2018

DERIVATIVE HIGHLIGHTS FOR 31-05-2018

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

Particulars	June Series	May Series	% Change
OVERALL OI IN NO. OF SHARES (Cr.)	560.86	577.10	-2.81%
NIFTY FUT OI IN NO. OF SHARES (Cr.)	1.96	2.31	-15.15%
STOCK FUT OI IN NO. OF SHARES (Cr.)	491.33	505.68	-2.84%
BANK NIFTY FUT OI (No. in Mn)	2.88	2.11	36.49%
CALL OPTION OI IN NO. OF SHARES (Cr.)	3.45	3.98	-13.32%
PUT OPTION OI IN NO. OF SHARES (Cr.)	5.45	5.92	-7.94%
OI (Rs. in crores)	285457.00	297170.00	-3.94%
NIFTY CLOSING	10736.15	10617.80	1.11%

·        Overall rollover for the June series stands at 84% vs. 87% in the last series and also lowers than the 3M Average of 86%. Nifty rollover too is on the lower side at 63% vs. 72% in the last series and also lowers than the 3M Average of 68%. Bank Nifty rollover too is on the lower side at 75% vs. 83% in the last series but slightly higher than the 3M Average of 74%.

·        Nifty OI PCR ratio stands at 1.58.

·        Option statistics: Nifty highest Call option OI for June series stands at 11000 strike price. In today’s trading session, Nifty 10600, 10700 and 10800 call options seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the June series stand at 10600 strike price. In today’s trading session, Nifty 10600, 10700 and 10800 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 10720 above the 10650 level, vindicating our view. Looking into the option data, Nifty likely to move towards the level of 10800. On the downside, immediate support stands around the 10630 level. 

DERIVATIVE HIGHLIGHTS FOR 30-05-2018

·        Nifty futures seen addition of 10 lacs in OI and Bank Nifty futures seen addition of 1.5 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.40 to 1.39.

·        Stocks seen long build-up includes Power Grid, Pidilite, RCom, Torntpower, Kotakbank, TVSMotor, HDFCBank and Exideind. Stocks seen short build-up includes Tata Mtrdvr, PVR, TCS, Repco Home, Jublfood, ONGC, Southbank, PFC and SRF.

·        Option statistics: Nifty highest Call option OI for May series stands at 10800 strike price. In today’s trading session, Nifty 10600 and 10650 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the May series stand at 10500 strike price. In today’s trading session, Nifty 10600, 10650 and 10700 put options 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 10560-10650 level on the expiry day of the May series. A move below 10560 likely to take Nifty towards the level of 10500-10450 and a move above 10650 likely to take Nifty towards the level of 10720.

·        Overall rollover before E-1 trading day stands at 59% vs. 58% in the last series. Nifty rollover before E-1 trading day stands at 42% vs. 45% in the last series.

·        Stocks were the rollover before E-1 trading day is less than 50% includes IDBI, GMRInfra, Adani Port, Colgate, SAIL, BPCL, GAIL, IOC, Reliance, Cipla, NTPC, Power Grid, Tata Power, OFSS, RCom and Tata Comm. One can expect high volatility in the above stocks on back of lower rollover until now.

·        Stocks in ban for trade on 31-May-2018: BALRAMCHIN, DHFL, GMRINFRA, IDBI, IDFCBANK, JPASSOCIATE, JUSTDIAL & RCOM.

DERIVATIVE HIGHLIGHTS FOR 29-05-2018

·        Nifty futures seen addition of 19 lacs in OI and Bank Nifty futures seen unwinding of 2.8 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.52 to 1.40.

·        Stocks seen long build-up includes NIITTech, M&M, Tata Power, Pidilite, Adanipower, Biocon, BHEL and Tata Elxsi. Stocks seen short build-up includes Justdial, MRPL, Indigo, Bergerpaint, NHPC, Torntpharma, HCC, Coal India, Infratel, ACC and Godfreyphilip.

·        Option statistics: Nifty highest Call option OI for May series stands at 10800 strike price. In today’s trading session, Nifty 10600, 10650 and 10700 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the May series stand at 10500 strike price. In today’s trading session, Nifty 10600, 10650 and 10700 put options seen unwinding in OI with IV increasing indicates covering by writers of option.

·        Looking into the option data, Nifty immediate support stands around the 10580 level and below that 10500-10456 level. On the upside, Nifty likely to face resistance around the 10720-10750 level.

·        Overall rollover before E-2 trading days stands at 38% vs. 22% in the last series. Nifty rollover before E-2 trading days stands at 28% vs. 18% in the last series.

·        Stocks in ban for trade on 30-May-2018: BALRAMCHIN, DHFL, IDBI, JETAIRWAYS, JPASSOCIATE & JUSTDIAL.

DERIVATIVE HIGHLIGHTS FOR 28-05-2018

·        Nifty futures seen addition of 4 lacs in OI and Bank Nifty futures seen unwinding of 0.9 lacs in OI.

·        Nifty OI PCR ratio increased from 1.47 to 1.52.

·        Stocks seen long build-up includes Pidiliteind, IDFC, Canbank, IDFCbank, Balramchini, IGL, Heromotor, Tata Power and ICICIBank. Stocks seen short build-up includes UBL, PcJeweller, Apollo Hospital, TechM, NBCC, Power Grid and Cadila.

·        Option statistics: Nifty highest Call option OI for May series stands at 10800 strike price. In today’s trading session, Nifty 10600, 10700 and 10800 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the May series stand at 10500 strike price. In today’s trading session, Nifty 10600 and 10700 put options seen addition in OI with IV increasing indicates buying of option.

·        As mentioned, Nifty does move towards the level of 10670, vindicating our view. Looking into the option data, Nifty likely to move towards the level of 10750. On the downside, immediate support stands around the 10550 level.

·        Overall rollover before E-3 trading days stands at 28% vs. 22% in the last series. Nifty rollover before E-3 trading days stands at 17% vs. 18% in the last series.

·        Stocks in ban for trade on 29-May-2018: BALRAMCHIN, DHFL, IDBI, JETAIRWAYS, JISLJAL & RCOM.

DERIVATIVE HIGHLIGHTS FOR 25-05-2018

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

·        Nifty OI PCR ratio increased from 1.29 to 1.47.

·        Stocks seen long build-up includes Just Dial, Cadila, Pidilite, Hindalco, KSCL, Pageind, Canbank, Oil, Exideind, BajajFinserv, GMRInfra and Arvind. Stocks seen short build-up includes Manappuram, ACC, Cummins, Granules and CONCOR.

·        Option statistics: Nifty highest Call option OI for May series stands at 10800 strike price. In today’s trading session, Nifty 10500, 10600 and 10700 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the May series stand at 10500 strike price. In today’s trading session, Nifty 10400 and 10500 put options seen addition in OI with IV decreasing indicates writing of option.

·        As mentioned in yesterday report, Nifty does move towards the level of 10600 above the 10535 resistance level. Looking into the option data, Nifty likely to move towards the level of 10670. On the downside, immediate support stands around the 10520 level.

·        Stocks in ban for trade on 28-May-2018: BEML, DHFL, IDBI, JETAIRWAYS, JISLJAL, JUSTDIAL & RCOM.

DERIVATIVE HIGHLIGHTS FOR 24-05-2018

·        Nifty futures seen unwinding of 3 lacs in OI and Bank Nifty futures seen addition of 0.2 lacs in OI.

·        Nifty OI PCR ratio increased from 1.18 to 1.29.

·        Stocks seen long build-up includes KPIT, Just Dial, Balramchini, NCC, Power Grid, Berger Paint, SBIN and JPAssociate. Stocks seen short build-up includes Jet Airways, OIL, ONGC, Pidiliteind, TV18, Dalmia Bharat, JISLJAL, Adani Power, Godrejind, GAIL, Granules, Tata Motor and Adani Port.

·        Option statistics: Nifty highest Call option OI for May series stands at 10800 strike price. In today’s trading session, Nifty 10400, 10500 and 10600 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the May series stand at 10500 strike price. In today’s trading session, Nifty 10400 and 10500 put options seen addition in OI with IV decreasing indicates writing of option.

·        As mentioned in yesterday report and looking into the option data, Nifty does hold the low of 10417 and a sustain trade below 10417 likely to take Nifty towards the level of 10330 level. On the upside, immediate resistance stands around the 10535 level and above that 10600 level.

·        Stocks in ban for trade on 25-May-2018: BEML, DHFL, JETAIRWAYS, JISLJAL & RCOM.

DERIVATIVE HIGHLIGHTS FOR 23-05-2018

·        Nifty futures seen addition of 2 lacs in OI and Bank Nifty futures seen addition of 2.5 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.23 to 1.18.

·        Stocks seen long build-up includes IGL, Ramco Cement, Concor, KPIT, Power Grid, SBIN and IDBI. Stocks seen short build-up includes Tata Steel, BPCL, Centurytextile, Balkrishna, Amaraja, Ceat, Balramchini, Manappuram, ACC, ICICIPrulife, Chola Finance and HDFCBank.

·        Option statistics: Nifty highest Call option OI for May series stands at 10800 strike price. In today’s trading session, Nifty 10400, 10500 and 10600 call options seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the May series stand at 10500 strike price. In today’s trading session, Nifty 10400 put options seen addition in OI with IV increasing indicates buying of option.

·        As mentioned, Nifty does slide towards the level of 10450, vindicating our view. Looking into the option data, a sustain trade below today’s low of 10417 likely to take Nifty towards the level of 10330 level. On the upside, immediate resistance stands around the 10570 level.

·        Stocks in ban for trade on 24-May-2018: BEML, DHFL & RCOM.

DERIVATIVE HIGHLIGHTS FOR 22-05-2018

·        Nifty futures seen unwinding of 1lakh in OI and Bank Nifty futures seen unwinding of 0.5 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.28 to 1.23.

·        Stocks seen long build-up includes Bergerpaint, Pageind, Pidiliteind, Bata India, SBIN, Relifnra and Drreddy. Stocks seen short build-up includes Divislab, IOC, Andhrabank, ACC, Ultra CEm, CONCOR, Apollo Hospital and Adani Power.

·        Option statistics: Nifty highest Call option OI for May series stands at 11000 strike price. In today’s trading session, Nifty 10500 and 10700 call options seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the May series stand at 10500 strike price. In today’s trading session, Nifty 10600 and 10700 put options seen unwinding in OI with IV decreasing indicates profit booking of option.

·        Looking into the option data, Nifty likely to move towards the level of 10450.  On the upside, immediate resistance stands around the 10570 level and above that 10630 level.

·        Stocks in ban for trade on 23-May-2018: BEML, DHFL, JETAIRWAYS, JUSTDIAL & RCOM.

DERIVATIVE HIGHLIGHTS FOR 21-05-2018

·        Nifty futures seen unwinding of 8 lacs in OI and Bank Nifty futures seen addition of 0.6 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.36 to 1.28.

·        Stocks seen long build-up includes ALBK, Jublfood, Berger Paint, HindPetro and Unionbank. Stocks seen short build-up includes COLPAL, STAR, OFSS, Ashok Leyland, Divislab, Justdial, Amaraja, ACC, DLF and IBullhsgfin.

·        Option statistics: Nifty highest Call option OI for May series stands at 11000 strike price. In today’s trading session, Nifty 10500, 10600 and 10700 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the May series stand at 10500 strike price. In today’s trading session, Nifty 10600 and 10700 put options seen unwinding in OI with IV decreasing indicates profit booking of option.

·        As mentioned, Nifty does break the support of 10550 and is likely to move towards the level of 10450.  On the upside, immediate resistance stands around the 10700 level.

·        Stocks in ban for trade on 22-May-2018: BALRAMCHIN, DHFL, JETAIRWAYS, JUSTDIAL, PCJEWELLER, RCOM & WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 18-05-2018

·        Nifty futures OI remain flat at 2.49 cr and Bank Nifty futures seen addition of 0.5 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.52 to 1.46.

·        Stocks seen long build-up includes Bajfinance, Granules, Bajfinserv, Ujjivan, HDFCBank and Engineers India. Stocks seen short build-up includes TVSMotor, Cipla, Voltas, Muthootfinance, Indigo, Apollo Hospital, Tata Steel, Federal Bank, UPL and SRF.

·        Option statistics: Nifty highest Call option OI for May series stands at 11000 strike price. In today’s trading session, Nifty 10600, 10700 and 10800 call options seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the May series stand at 10500 strike price. In today’s trading session, Nifty 10600 put options seen addition in OI with IV increasing indicates buying of option.

·        As mentioned, Nifty does break the level of 10700 and is likely to move towards the level of 10600. On the upside, immediate resistance stands around the 10780 level.

·        Stocks in ban for trade on 18-May-2018: DHFL, JETAIRWAYS, JPASSOCIATE, JUSTDIAL, PCJEWELLER & WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 17-05-2018

·        Nifty futures OI remain flat at 2.49 cr and Bank Nifty futures seen addition of 0.5 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.52 to 1.46.

·        Stocks seen long build-up includes Bajfinance, Granules, Bajfinserv, Ujjivan, HDFCBank and Engineers India. Stocks seen short build-up includes TVSMotor, Cipla, Voltas, Muthootfinance, Indigo, Apollo Hospital, Tata Steel, Federal Bank, UPL and SRF.

·        Option statistics: Nifty highest Call option OI for May series stands at 11000 strike price. In today’s trading session, Nifty 10600, 10700 and 10800 call options seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the May series stand at 10500 strike price. In today’s trading session, Nifty 10600 put options seen addition in OI with IV increasing indicates buying of option.

·        As mentioned, Nifty does break the level of 10700 and is likely to move towards the level of 10600. On the upside, immediate resistance stands around the 10780 level.

·        Stocks in ban for trade on 18-May-2018: DHFL, JETAIRWAYS, JPASSOCIATE, JUSTDIAL, PCJEWELLER & WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 16-05-2018

·        Nifty futures seen unwinding of 4 lacs in OI and Bank Nifty futures seen unwinding of 2.1 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.60 to 1.52.

·        Stocks seen long build-up includes Escorts, Balkrishna, Pageind, CAPF, Asian Paint, IRB, SRF, PTC and Jisljal. Stocks seen short build-up includes Muthootfin, TVSMotor, PNB, Cipla, Chola Finance, Bank Baroda, Syndibank, NCC, Petronet, Hindalco, M&M Finance and Enginerindia.

·        Option statistics: Nifty highest Call option OI for May series stands at 11000 strike price. In today’s trading session, Nifty 10700, 10800 and 10900 call options seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the May series stand at 10500 strike price. In today’s trading session, Nifty 10700, 10800 and 10900 put options seen unwinding in OI with IV decreasing indicates profit booking of option.

·        As mentioned, Nifty does slide towards the level of 10700, making a low of 10699 below the support of 10780 levels, vindicating our view. Looking into the option data, a move below 10700 will open the downside level of 10600. On the upside, immediate resistance stands around the 10790 and above that 10850-10930 level.

·        Stocks in ban for trade on 17-May-2018: DHFL, JETAIRWAYS, JPASSOCIATE, JUSTDIAL, PCJEWELLER, RCOM & WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 15-05-2018

·        Nifty futures seen unwinding of 4 lacs in OI and Bank Nifty futures seen addition of 0.8 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.64 to 1.60.

·        Stocks seen long build-up includes Bharatfinance, Bajfinance, UBL, Voltas, Tata Steel and PTC. Stocks seen short build-up includes PcJeweller, ACC, ALBK, Pidiliteind, NCC, Manappuram, Ashok Leyland, Tata Mtrdvr, OFSS, Tata Global, IBullhsgfin and BEL.

·        Option statistics: Nifty highest Call option OI for May series stands at 11000 strike price. In today’s trading session, Nifty 10700, 10800 and 10900 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the May series stand at 10500 strike price. In today’s trading session, Nifty 10800 and 10900 put options seen addition in OI with IV decreasing indicates writing of option.

·        As mentioned, Nifty does move towards the level of 10950, making a high of 10929, vindicating our view. Looking into the option data, immediate support stands around the 10780 level and below that 10700-10600 level. On the upside, Nifty will face some stiff resistance around the 10930 level. 

·        Stocks in ban for trade on 16-May-2018: DHFL, JETAIRWAYS, JPASSOCIATE, JUSTDIAL, PCJEWELLER & WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 14-05-2018

·        Nifty futures seen unwinding of 4 lacs in OI and Bank Nifty futures seen unwinding of 0.5 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.66 to 1.64.

·        Stocks seen long build-up includes Suntv, Canbank, GAIL, Biocon and Cipla. Stocks seen short build-up includes Tata Global, Escort, Ashokley, Adaniport, Pcjeweller, PTC, Just Dial, ACC, Relinfra and Stransfinance.

·        Option statistics: Nifty highest Call option OI for May series stands at 11000 strike price. In today’s trading session, Nifty 10800 and 10900 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the May series stands at 10500 strike price. In today’s trading session, Nifty 10700, 10800 and 10900 put options seen addition in OI with IV increasing indicates buying of option.

·        As mentioned, Nifty does break the trading range of 10600-1785 on the upside and is likely to move towards the level of 10880-10950 level. On the downside, immediate support stands around the 10750 and below that 10600 level.

·        Stocks in ban for trade on 15-May-2018: DHFL, IRB, JETAIRWAYS, JPASSOCIATE, JUSTDIAL & WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 11-05-2018

·        Nifty futures seen addition of 10 lacs in OI and Bank Nifty futures seen addition of 1.9 lacs in OI.

·        Nifty OI PCR ratio increased from 1.57 to 1.66.

·        Stocks seen long build-up includes PTC, Bergerpaint, Asian Paint, UBL, VGuard, GAIL, CONCOR, CAPF and TechM. Stocks seen short build-up includes Ambuja Cement, ACC, Idea, Just Dial, Mindtree, DCBbank, Tata Motor, OFSS and Cadila.

·        Option statistics: Nifty highest Call option OI for May series stands at 11000 strike price. In today’s trading session, Nifty 10700 and 10900 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the May series stands at 10500 strike price. In today’s trading session, Nifty 10700, 10800 and 10900 put options seen addition in OI with IV decreasing indicates writing of option.

·        As mentioned, Nifty does break the trading range of 10600-1785 on the upside and is likely to move towards the level of 10880-10950 level. On the downside, immediate support stands around the 10730 and below that 10600 level.

·        Stocks in ban for trade on 14-May-2018: BALRAMCHINI, DHFL, IRB, JETAIRWAYS & WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 10-05-2018

·        Nifty futures seen unwinding of 3 lacs in OI and Bank Nifty futures seen unwinding of 2.3 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.61 to 1.57.

·        Stocks seen long build-up includes MFSL, Bharatfin, OIL, Hexaware and ONGC. Stocks seen short build-up includes Indianbank, Federalbank, Ambuja Cement, BHEL, Drreddy, Orientbank, SRF, Escort, NMDC, IDBI, Havells, HindZinc, Apollo Hospital, Relifnra and JISLJAL.

·        Option statistics: Nifty highest Call option OI for May series stands at 11000 strike price. In today’s trading session, Nifty 10800 call options seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the May series stands at 10500 strike price. In today’s trading session, Nifty 10700 put options seen addition in OI with IV increasing indicates buying of option.

·        Looking into the option data, Nifty likely trading range is 10785-10600 level and a breakout of this range on either side will give a move of 100-150 points on Nifty.

·        Stocks in ban for trade on 11-May-2018: BALRAMCHINI, DHFL, IRB, JETAIRWAYS, PCJEWELLER & WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 08-05-2018

·        Nifty futures seen addition of 2 lacs in OI and Bank Nifty futures seen addition of 4 lacs in OI.

·        Nifty OI PCR ratio remains unchanged at 1.56.

·        Stocks seen long build-up includes Ujjivan, SRF, IGL, ICICIbank, PTC, Indian Bank, KPIT, CONCOR, GodrejCP and Federalbank. Stocks seen short build-up includes PcJeweller, Ambuja Cement, Jublfood, Amaraja, HDFCBank, Indusindbank, McDowell, RBLBank, Apollo Hospital, Orientbank and Adani Power.

·        Option statistics: Nifty highest Call option OI for May series stands at 11000 strike price. In today’s trading session, Nifty 10700 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the May series stands at 10500 strike price. In today’s trading session, Nifty 10600, 10700 and 10800 put options seen addition in OI with IV increasing indicates buying of option.

·        Looking into the option data, Nifty likely trading range is 10785-10600 level and a breakout of this range on either side will give a move of 100-150 points on Nifty.

·        Stocks in ban for trade on 9-May-2018: BALRAMCHINI, DHFL, IRB, JETAIRWAYS, JUSTDIAL & WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 07-05-2018

·        Nifty futures seen addition of 2 lacs in OI and Bank Nifty futures seen addition of 3.4 lacs in OI.

·        Nifty OI PCR ratio increased from 1.49 to 1.56.

·        Stocks seen long build-up includes Exideind, Amaraja, Jublfood, Cholafinance, Apollo Tyre, Federal Bank, Dalmia Bharat, Divislab and Nationalum. Stocks seen short build-up includes Ujjivan, WockPharma, Concor, Tata Elxsi, IGL, Star, HDFCBank and Ajanta Pharma.

·        Option statistics: Nifty highest Call option OI for May series stands at 11000 strike price. In today’s trading session, Nifty 10600, 10700 and 10800 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the May series stands at 10500 strike price. In today’s trading session, Nifty 10600, 10700 and 10800 put options seen addition in OI with IV increasing indicates buying of option.

·        Looking into the option data, Nifty likely trading range is 10780-10600 level and a breakout of this range on either side will give a move of 100-150 points on Nifty.

·        Stocks in ban for trade on 8-May-2018: BALRAMCHINI, IRB, JETAIRWAYS, JUSTDIAL & WOCKPHARMA.

DERIVATIVE HIGHLIGHTS FOR 04-05-2018

·        Nifty OI remains flat at 2.46 crores and Bank Nifty OI remains flat at 2.51 mn.

·        Nifty OI PCR ratio decreased from 1.50 to 1.49.

·        Stocks seen long build-up includes ICICIPrulife, HCC, Balramchini, CONCOR, Petronet, TechM and L&TFH. Stocks seen short build-up includes Hexaware, NIITTech, Cholafinance, OIL, Ajanta Pharma, Siemens, Granules, VEDL and Pidiliteind.

·        Option statistics: Nifty highest Call option OI for May series stands at 11000 strike price. In today’s trading session, Nifty 10600, 10700 and 10800 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the May series stands at 10500 strike price. In today’s trading session, Nifty 10600, 10700 and 10800 put options seen unwinding in OI with IV decreasing indicates profit booking of option.

·        Looking into the option data, Nifty does break the immediate support of 10650 and is likely to move towards the level of 10550-10500. On the upside, immediate resistance stands around the 10700 level.

·        Stocks in ban for trade on 7-May-2018: BALRAMCHINI, IRB, JETAIRWAYS, JUSTDIAL & PCJEWELLER.

DERIVATIVE HIGHLIGHTS FOR 03-05-2018

·        Nifty seen addition of 1 lakh in OI and Bank Nifty seen addition of 0.4 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.52 to 1.50.

·        Stocks seen long build-up includes Manapurram, OFSS, Hexaware, PVR, Cummins and HindZinc. Stocks seen short build-up includes HCLTech, Jet Airways, Indigo, IGL, NIITTech, RelInfra, Just Dial, Voltas, UPL, Ajanta Pharma, Mindtree and HCC.

·        Option statistics: Nifty highest Call option OI for May series stands at 11000 strike price. In today’s trading session, Nifty 10700 and 10800 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the May series stands at 10500 strike price. In today’s trading session, Nifty 10600 put options seen addition in OI with IV decreasing indicates writing of option.

·        Looking into the option data, Nifty immediate support stands around the 10650 level and below that the next support stands at 10550 level. On the upside, Nifty will face resistance around the 10800 level.

·        Stocks in ban for trade on 4-May-2018: IRB, JETAIRWAYS, JUSTDIAL & PCJEWELLER.

DERIVATIVE HIGHLIGHTS FOR 02-05-2018

·        Nifty seen unwinding of 1 lakh in OI and Bank Nifty seen addition of 0.4 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.53 to 1.52.

·        Stocks seen long build-up includes Ujjivan, Amaraja, Castrol, Kotakbank, Pidiliteind, Asianpaint, Dabur, COLPAL and ICICIPrulife. Stocks seen short build-up includes Arvind, Balkrishna, NIITTech, Marico, IGL, HCLTech, HindZinc, SAIL, Centurytex, Cholafinance, Indianbank, Jet Airways, Tata Steel, VEDL and Engineersind.

·        Option statistics: Nifty highest Call option OI for May series stands at 11000 strike price. In today’s trading session, Nifty 10800 call options seen addition in OI with IV increasing indicates writing of option. Nifty highest Put Option OI for the May series stands at 10500 strike price. In today’s trading session, Nifty 10500 and 10600 put options seen addition in OI with IV increasing indicates buying of option.

·        Looking into the option data, Nifty immediate support stands around the 10660 level and below that 10550 level. On the upside, Nifty will face resistance around the 10800 level.

·        Stocks in ban for trade on 3-May-2018: IRB & PCJEWELLER.

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.