DERIVATIVE DIARY - JUNE 2018

DERIVATIVE HIGHLIGHTS FOR 29-06-2018

·        Nifty future seen addition of 11 lacs in OI and Bank Nifty future OI remains flat at 1.96 mn.

·        Nifty OI PCR ratio increased from 1.43 to 1.48.

·        Stocks seen long build-up includes Bata India, IDBI, NIITTech, Godrejind, Exideind, Apollo Hospital, Pageind, HindZinc, DCBBank, ALBK, Ambuja Cement, GAIL, Ashok Leyland, Tata Elxsi and IOC. Stocks seen short build-up includes Hero Motor, JISLJAL, IndianB, RelInfra, SRTransfin, Apollo Tyre, Torntpower and TechM.

·        Option statistics: Nifty highest Call option OI for July 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 July series stand at 10600 strike price. In today’s trading session, Nifty 10600 and 10700 put options seen addition in OI with IV decreasing indicates writing of option.

·        As mentioned in the yesterday report, Nifty does cross the immediate resistance of 10700 and is likely to move towards the level of 10750-10800 level. On the downside, Nifty strong support holds around the 10550 level.

·        Stocks in ban for trade on 2-July-2018: NIL.

DERIVATIVE HIGHLIGHTS FOR 28-06-2018

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

Particulars	July Series	June Series	% Change
OVERALL OI IN NO. OF SHARES (Cr.)	570.99	560.86	1.81%
NIFTY FUT OI IN NO. OF SHARES (Cr.)	1.92	1.96	-2.04%
STOCK FUT OI IN NO. OF SHARES (Cr.)	500.48	491.33	1.86%
BANK NIFTY FUT OI (No. in Mn)	1.96	2.88	-31.94%
CALL OPTION OI IN NO. OF SHARES (Cr.)	3.56	3.45	3.19%
PUT OPTION OI IN NO. OF SHARES (Cr.)	5.10	5.45	-6.42%
OI (Rs. in crores)	273915.00	285457.00	-4.04%
NIFTY CLOSING	10589.10	10736.15	-1.37%

·        Overall rollover for the July series stands at 84% vs. 84% in the last series but slightly lowers than the 3M Average at 86%. Nifty rollover for the July series stands at 64% vs. 63% in the last series 3M Average of 68%. Bank Nifty rollover is on the lower side at 72% vs. 75% in the last series and also lowers than the 3M Average of 78%.

·        Nifty PCR ratio stands at 1.43.

·        Option statistics: Nifty highest Call option OI for July 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 July 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, Nifty does slide towards the level of 10550, making a low of 10557, vindicating our view. Looking into the option data, Nifty immediate support stands around the 10550 and below that 10500 level. On the upside immediate resistance stands around the 10700 level.  

DERIVATIVE HIGHLIGHTS FOR 27-06-2018

·        Nifty futures seen addition of 9 lacs in OI and Bank Nifty futures seen unwinding of 1 lakh in OI.

·        Nifty PCR ratio decreased from 1.53 to 1.33.

·        Stocks seen long build-up includes Infratel, HDFCBank, Pageind, Hexaware and Mindtree. Stocks seen short build-up includes NBCC, IDFCBank, DCBBank, IDFC, Pidiliteind, Apollo Tyre, GMRInfra, Torntpharma, HindZinc and BPCL.

·        Option statistics: Nifty highest Call option OI for June series stands at 10800 strike price. In today’s trading session, Nifty 10650, 10700 and 10750 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the June series stand at 10600 strike price. In today’s trading session, Nifty 10650, 10700 and 10750 put options seen unwinding in OI with IV decreasing indicates profit booking of option.

·        As mentioned, Nifty does break the trading on the downside and is likely to move towards the level of 10600-10550 level. On the upside, immediate resistance stands around the 10765 level and above that 10830 level.

·        Overall rollover before E-1 day stands at 60% vs. 59% in the last series and Nifty rollover before E-1 day stands at 42% vs. 42% in the last series.

·        Stocks were the rollover is less than 50% includes Kotakbank, PFC, ACC, Ambuja Cement, Colgate, Adaniport, ONGC, Cipla, HCLTech, OFSS, Apollo Tyre, STAR and Engineers India. One can expect high volatility in the above stocks on back of lower rollover until now.

·        Stocks in ban for trade on 28-Jun-2018: DHFL, Infibeam, JISLJAL, JPAssociate and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 26-06-2018

·        Nifty futures seen addition of 8 lacs in OI and Bank Nifty futures seen unwinding of 1.2 lacs in OI.

·        Nifty PCR ratio increased from 1.48 to 1.53.

·        Stocks seen long build-up includes Adanient, Voltas, Hexaware, TV18BRDCST, IGL, Just Dial, Balramchini, Ultracement, Nestleind and Adanipower. Stocks seen short build-up includes RCom, JPAssociate, IDFC, SBIN, PTC, Southbank, Kajaria, Nationalum, RPower, Tata Motors, LICHsgfin and Tata Steel.

·        Option statistics: Nifty highest Call option OI for June series stands at 11000 strike price. In today’s trading session, Nifty 10700, 10800 and 10900 call options seen unwinding in OI with IV increasing indicates covering by writers of option. Nifty highest Put Option OI for the June series stand at 10700 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 to trade in the range of 10700-10900 range. A breakout of the trading range on either side will give a move of 100 points on Nifty.

·        Overall rollover before E-2 days stands at 41% vs. 41% in the last series and Nifty rollover before E-2 days stands at 27% vs. 30% in the last series.

·        Stocks in ban for trade on 27-Jun-2018: CGPower, DHFL, IDBI, Infibeam, JISLJAL, JPAssociate and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 25-06-2018

·        Nifty futures seen addition of 11 lacs in OI and Bank Nifty futures seen unwinding of 1.7 lacs in OI.

·        Nifty PCR ratio decreased from 1.65 to 1.48.

·        Stocks seen long build-up includes RBLBank, Infratel, Cummins, JPAssociate, TataElxsi and TVSMotor. Stocks seen short build-up includes SRF, UBL, Syndicate Bank, Motherson, BPCL, Southbank, Coal India, NCC, LT, Hero Motor, Tata Mtrdvr, Chennai Petro and TV18.

·        Option statistics: Nifty highest Call option OI for June 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 June series stand at 10700 strike price. In today’s trading session, Nifty 10700, 10800 and 10900 put options seen unwinding in OI with IV increasing indicates covering by writers of option.

·        Looking into the option data, Nifty likely to trade in the range of 10700-10900 range. A breakout of the trading range on either side will give a move of 100 points on Nifty.

·        Overall rollover before E-3 days stands at 26% vs. 28% in the last series and Nifty rollover before E-3 days stands at 15% vs. 17% in the last series.

·        Stocks in ban for trade on 26-Jun-2018: CGPower, DHFL, IDBI, Infibeam, JPAssociate and Wock Pharma.

DERIVATIVE HIGHLIGHTS FOR 22-06-2018

·        Nifty futures seen unwinding of 4 lacs in OI and Bank Nifty futures seen addition of 2.4 lacs in OI.

·        Nifty PCR ratio increased from 1.48 to 1.65.

·        Stocks seen long build-up includes Jet Airways, Amaraja, LT, STAR, IDBI, Bajfinance and Jublfood. Stocks seen short build-up includes SRF, UBL, Torntpower, Nationalum, Balramchini, PNB, Reliance, Exideind, UPL, Godrejind, Suntv and Motherson.

·        Option statistics: Nifty highest Call option OI for June 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 June series stand at 10700 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 cross the immediate resistance of 10800 and is likely to move towards the level of 10890-10930. On the downside, support stands around the 10700 level.

·        Stocks in ban for trade on 25-Jun-2018: CGPower, DHFL, IDBI, Infibeam and JPAssociate.

DERIVATIVE HIGHLIGHTS FOR 21-06-2018

·        Nifty futures seen addition of 3 lacs in OI and Bank Nifty futures seen unwinding of 2.2 lacs in OI.

·        Nifty PCR ratio decreased from 1.56 to 1.48.

·        Stocks seen long build-up includes BPCL, Suntv, Hindpetro, GodrejCp and Arvind. Stocks seen short build-up includes SRF, Syndicatebank, Relinfra, Voltas, Unionbank, PTC, Orientbank, UPL, Canbank, HindZinc, GSFC, Bank India, OIL and NMDC.

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

·        Looking into the option data, Nifty immediate support hold around the 10700 and below that 10650-10600 level. On the upside, immediate resistance stands around the 10800 level and above that 10890-10930 level. 

DERIVATIVE HIGHLIGHTS FOR 20-06-2018

·        Nifty OI remains flat at 2.60 crores and Bank Nifty seen addition of 1.2 lacs in OI.

·        Nifty PCR ratio increased from 1.47 to 1.52.

·        Stocks seen long build-up includes Just Dial, Bata India, NIITTech, RCom, Pageind, Tata Elxsi, Torntpower, Adanient and VGuard. Stocks seen short build-up includes SRF, Suntv, Indigo, Nationalum, Dalmia Bharat, Havells, UPL, Bank Baroda and Ambuja Cement.

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

·        Looking into the option data, Nifty immediate support hold around the 10700 and below that 10650-10600 level. On the upside, immediate resistance stands around the 10800 level and above that 10890-10930 level.

·        Stocks in ban for trade on 21-June-2018: DHFL, INFIBEAM, JETAIRWAYS & JPASSOCIATE.

DERIVATIVE HIGHLIGHTS FOR 19-06-2018

·        Nifty OI remains flat at 2.60 crores and Bank Nifty seen addition of 0.1 lacs in OI.

·        Nifty PCR ratio decreased from 1.52 to 1.47.

·        Stocks seen long build-up includes KSCL, JPAssociate, GAIL and Glenmark. Stocks seen short build-up includes IGL, Shree Cement, Bank India, Ajanta Pharma, Voltas, UPL, Andhrabank, CGPower, Suntv, TVSMotor and Adaniport.

·        Option statistics: Nifty highest Call option OI for June series stands at 11000 strike price. In today’s trading session, Nifty 10700, 10800 and 10900 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the June series stand at 10700 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 break the support of 10750 and likely to move towards the level of 10690-10650 level. On the upside, immediate resistance stands around the 10800 level.

·        Stocks in ban for trade on 20-June-2018: DHFL, INFIBEAM & JETAIRWAYS.

DERIVATIVE HIGHLIGHTS FOR 18-06-2018

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

·        Nifty PCR ratio decreased from 1.57 to 1.52.

·        Stocks seen long build-up includes Bata India, MRPL, JPAssociate, Adani Ent, Ujjivan, Pageind, BPCL and Jublfood. Stocks seen short build-up includes Suntv, Cummin, Bajfinance, Motherson, OIL, Bergerpaint, Ajanta Pharma, IGL, SRF and Ashok Leyland.

·        Option statistics: Nifty highest Call option OI for June 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 June series stand at 10700 strike price. In today’s trading session, Nifty 10700 and 10900 put options seen addition in OI with IV increasing indicates buying of option.

·        Looking into the option data, Nifty likely to trade in the range of 10750-10930 level. On the upside, Nifty is facing stiff resistance around the 10900-10930 range; a move above 10930 will open the upside of 11000-11170. On the downside, below 10750 level next support level to watch out will be 10690-10600.

·        Stocks in ban for trade on 19-June-2018: DHFL, INFIBEAM, JETAIRWAYS & JUSTDIAL.

DERIVATIVE HIGHLIGHTS FOR 15-06-2018

·        Nifty future seen addition of 8 lacs in OI and Bank Nifty seen unwinding of 0.8 lacs in OI.

·        Nifty PCR ratio decreased from 1.55 to 1.57.

·        Stocks seen long build-up includes Torntpharma, Bergerpaint, Ajanta Pharma, Bajfinance, OFSS and Drreddy. Stocks seen short build-up includes MRPL, Adaniport, ICICIPrulife, ICICIBank, CESC, Concor, CGPower, Bajajfinserv, BPCL and JISLJAL.

·        Option statistics: Nifty highest Call option OI for June 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 June series stand at 10700 strike price. In today’s trading session, Nifty 10800 put options seen addition in OI with IV decreasing indicates writing of option.

·        Looking into the option data, Nifty likely to trade in the range of 10700-10930 level. On the upside, Nifty is facing stiff resistance around the 10900-10930 range; a move above 10930 will open the upside of 11000-11170. On the downside, below 10700 level next support level to watch out will be 10600-10550.

·        Stocks in ban for trade on 18-June-2018: DHFL, JETAIRWAYS & JUSTDIAL.

DERIVATIVE HIGHLIGHTS FOR 14-06-2018

·        Nifty future seen unwinding of 7 lacs in OI and Bank Nifty seen unwinding of 0.3 lacs in OI.

·        Nifty PCR ratio decreased from 1.62 to 1.55.

·        Stocks seen long build-up includes Glenmark, STAR, UBL, Wock Pharma, Dishtv, Adanient, CGPower and Tata Global. Stocks seen short build-up includes ICICIPru, Infibeam, Ramco Cement, IBullhsgfin, Ceat, COLPAL, OIL and TechM.

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

·        Looking into the option data, a move below today’s low of 10773 likely to take Nifty towards the level of 10680. On the upside, Nifty is facing stiff resistance around the 10900-10930 range; a move above 10930 will open the upside of 11000-11170.

·        Stocks in ban for trade on 15-June-2018: BALRAMCHIN, DHFL, JETAIRWAYS & JUSTDIAL.

DERIVATIVE HIGHLIGHTS FOR 13-06-2018

·        Nifty future seen addition of 9 lacs in OI and Bank Nifty seen addition of 1.2 lacs in OI.

·        Nifty PCR ratio increased from 1.59 to 1.62.

·        Stocks seen long build-up includes Dishtv, Pageind, KSCL, RBLBank, COLPAL, Exideind, Indibeam, SBIN and Pcjeweller. Stocks seen short build-up includes Ibullhsgfin, Engineersind, SRF, ICICIPrulife, Indusindbank, Orientbank, NCC, Divislab, Mindtree, NHPC and MRPL.

·        Option statistics: Nifty highest Call option OI for June 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 June series stand at 10700 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 in the last report, Nifty does achieved the upside target of 10890, making a high of 10893, vindicating our view. Looking into the option data, Nifty immediate support stands around the 10800 and below that 10700. On the upside, Nifty is facing stiff resistance around the 10890-10930 range; a move above 10930 will open the upside of 11000-11170.

·        Stocks in ban for trade on 14-June-2018: BALRAMCHIN, DHFL, JETAIRWAYS & JUSTDIAL.

DERIVATIVE HIGHLIGHTS FOR 08-06-2018

·        Nifty future seen addition of 5 lacs in OI and Bank Nifty seen unwinding of 0.5 lacs in OI.

·        Nifty PCR ratio remains flat at 1.49.

·        Stocks seen long build-up includes STAR, IndianB, CGPower, WockPharma, Balkrishna, BEML, Voltas, BOB, Bajfinance and ALBK. Stocks seen short build-up includes Jet Airways, Ashok Leyland, Dalmia Bharat, Pidilite, LT and Castrol.

·        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.

·        Looking into the option data, Nifty likely to move towards the level of 10860-1890 level. On the downside, immediate support stands around the 10680-10660 level and below that 10550 level.

·        Stocks in ban for trade on 11-June-2018: BALRAMCHIN, DHFL & JETAIRWAYS.

DERIVATIVE HIGHLIGHTS FOR 07-06-2018

·        Nifty future seen addition of 13 lacs in OI and Bank Nifty seen addition of 0.8 lacs in OI.

·        Nifty PCR ratio increased from 1.40 to 1.49.

·        Stocks seen long build-up includes UBL, IndianB, Balkrsihna, Ajanta Pharma, Tata Steel, Canbank, Muthootfinance, Torntpower, ICICIPrulife, SAIL and Baja Finserv. Stocks seen short build-up includes STAR, Voltas, Godrejind, Exideind and Pageind.

·        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 unwinding in OI with IV decreasing indicates profit booking 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 decreasing indicates writing of option.

·        As mentioned, Nifty does achieved the upside target of 10750, vindicating our view. Looking into the option data, Nifty likely to move towards the level of 10860-1890 level. On the downside, immediate support stands around the 10680 level.

·        Stocks in ban for trade on 8-June-2018: BALRAMCHIN & DHFL.

DERIVATIVE HIGHLIGHTS FOR 06-06-2018

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

·        Nifty PCR ratio increased from 1.33 to 1.40.

·        Stocks seen long build-up includes RCom, NIITTech, ZEEL, IndianB, Bajaj Auto, Jublfood, Bajfinance, BEML, GodrejCP, Mindtree and PcJeweller. Stocks seen short build-up includes NCC, Repco Home, Dalmia Bharat, Balramchini, Asianpaint, Star and Dabur.

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

·        As mentioned, Nifty does cross the resistance of 10650 and is likely to move towards the level of 10750. On the downside, immediate support stands around the 10590 level.

·        Stocks in ban for trade on 7-June-2018: BALRAMCHIN & DHFL.

DERIVATIVE HIGHLIGHTS FOR 05-06-2018

·        Nifty future seen addition of 1 lakh in OI and Bank Nifty seen unwinding of 1.2 lacs in OI.

·        Nifty PCR ratio decreased from 1.39 to 1.33.

·        Stocks seen long build-up includes DHFL, Muthootfinance, MRPL, Balramchini and CONCOR. Stocks seen short build-up includes NIITTech, Voltas, Justdial, VGuard, OIL, Pcjeweller, Indigo, Ramco Cement, Biocon, CGPower, Power Grid, Hexaware and Titan.

·        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 increasing indicates buying of option. Nifty highest Put Option OI for the June series stand at 10200 strike price. In today’s trading session, Nifty 10600 put options seen unwinding in OI with IV decreasing indicates profit booking of option.

·        As mentioned, Nifty does achieved the target of 10560 below the 10640 support level, vindicating our view. Looking into the option data, a move below today low of 10551 will open the downside of 10470 levels. On the upside, immediate resistance stands around the 10650 level and above that 10770 level.

·        Stocks in ban for trade on 6-June-2018: DHFL.

DERIVATIVE HIGHLIGHTS FOR 04-06-2018

·        Nifty future seen addition of 9 lacs in OI and Bank Nifty seen unwinding of 1 lakh in OI.

·        Nifty PCR ratio decreased from 1.48 to 1.39.

·        Stocks seen long build-up includes IOC, Biocon, Jet Airways, Hexaware and MGL. Stocks seen short build-up includes PcJeweller, TVS Motor, Just Dial, Bank Baroda, Repco Home, BHEL, Kajaria, CGPower, Power Grid, STAR, Ramco Cement, HDFCBank, Adanient and Shree Cement.

·        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 increasing indicates buying of option. Nifty highest Put Option OI for the June series stand at 10200 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 immediate support of 10640 levels and is likely to move towards the level of 10560 levels. On the upside, 10770 will be the crucial resistance to watch out and above that 10870 level. 

·        Stocks in ban for trade on 5-June-2018: NIL.

DERIVATIVE HIGHLIGHTS FOR 01-06-2018

·        Nifty future seen addition of 5 lacs in OI and Bank Nifty seen addition of 1.2 lacs in OI.

·        Nifty PCR ratio decreased from 1.58 to 1.48.

·        Stocks seen long build-up includes Torntpharma, Balramchini, TVS Motor, Bajaj Auto and KPIT. Stocks seen short build-up includes Just Dial, Cummins, VGuard, PcJeweller, CGPower, SRF, Apollo Hospital, Eicher Motor, Manappuram, Adanient, GMRInfra, IDBI, Ajanta Pharma and L&TFH.

·        Option statistics: Nifty highest Call option OI for June 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 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 decreasing indicates writing of option.

·        Looking into the option data, Nifty immediate support stands around the 10640 level and below that 10560 level. On the upside, a move above 10764 will open the upside of 10850-10900 level.

·        Stocks in ban for trade on 4-June-2018: NIL.

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.