DERIVATIVE DIARY - JULY 2018

DERIVATIVE HIGHLIGHTS FOR 31-07-2018

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

·        Nifty OI PCR ratio increased from 1.71 to 1.72.

·        Stocks seen long build-up includes IndianB, VGuard, GodrejCP, Chennai Petro, PcJeweller, ALBK, TechM, PNB, Amaraja, Marico, CONCOR and Ajanta Pharma. Stocks seen short build-up includes Apollo Hospital, Britannia, Ramco Cement, Muthootfinance, Bergerpaint, Infibeam, Dishtv and HCLTech.

·        Option statistics: Nifty highest Call option OI for August series stands at 11500 strike price. In today’s trading session, Nifty 11100 and 11200 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the August series stand at 11000 strike price. In today’s trading session, Nifty 11100, 11200 and 11300 put options seen addition in OI with IV increasing indicates buying of option.

·        Looking into the option data, Nifty immediate support stands around the 11200 and below that 11090 level. On the upside, Nifty likely to move towards the level of 11400.

·        Stocks in ban for trade on 31-July-2018: NIL.

DERIVATIVE HIGHLIGHTS FOR 30-07-2018

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

·        Nifty OI PCR ratio increased from 1.71 to 1.72.

·        Stocks seen long build-up includes IndianB, VGuard, GodrejCP, Chennai Petro, PcJeweller, ALBK, TechM, PNB, Amaraja, Marico, CONCOR and Ajanta Pharma. Stocks seen short build-up includes Apollo Hospital, Britannia, Ramco Cement, Muthootfinance, Bergerpaint, Infibeam, Dishtv and HCLTech.

·        Option statistics: Nifty highest Call option OI for August series stands at 11500 strike price. In today’s trading session, Nifty 11100 and 11200 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the August series stand at 11000 strike price. In today’s trading session, Nifty 11100, 11200 and 11300 put options seen addition in OI with IV increasing indicates buying of option.

·        Looking into the option data, Nifty immediate support stands around the 11200 and below that 11090 level. On the upside, Nifty likely to move towards the level of 11400.

·        Stocks in ban for trade on 31-July-2018: NIL.

DERIVATIVE HIGHLIGHTS FOR 27-07-2018

·        Nifty future seen addition of 21 lacs in OI and Bank Nifty future seen addition of 2.6 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.72 to 1.71.

·        Stocks seen long build-up includes VGuard, Ajanta Pharma, BPCL, Hindalco, PNB, Dalmia Bharat, Escorts, KPIT, Godrejind, Balramchini, KSCL, Pcjeweller, Voltas, Bank India and RelCapital. Stocks seen short build-up includes Cholafinance, Equitas, IndianB, Ujjivan, Apollo Hospital, L&TFH and PVR.

·        Option statistics: Nifty highest Call option OI for August series stands at 11500 strike price. In today’s trading session, Nifty 11200 and 11300 call options seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the August series stand at 11000 strike price. In today’s trading session, Nifty 11100, 11200 and 11300 put options seen addition in OI with IV increasing indicates buying of option.

·        As mentioned, Nifty does achieved the upside target of 11250, vindicating our view. Looking into the option data, Nifty immediate support stands around the 11150 and below that 11080 level. On the upside, Nifty likely to move towards the level of 11400.

·        Stocks in ban for trade on 30-July-2018: NIL.

DERIVATIVE HIGHLIGHTS FOR 26-07-2018

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

Particulars	August Series	July Series	% Change
OVERALL OI IN NO. OF SHARES (Cr.)	547.30	570.99	-4.15%
NIFTY FUT OI IN NO. OF SHARES (Cr.)	2.17	1.92	13.02%
STOCK FUT OI IN NO. OF SHARES (Cr.)	476.10	500.48	-4.87%
BANK NIFTY FUT OI (No. in Mn)	2.32	1.96	18.37%
CALL OPTION OI IN NO. OF SHARES (Cr.)	2.90	3.56	-18.54%
PUT OPTION OI IN NO. OF SHARES (Cr.)	5.14	5.10	0.78%
OI (Rs. in crores)	275574.00	273915.00	0.61%
NIFTY CLOSING	11167.30	10589.10	5.46%

·        Overall Rollover for the August series stands at 90% vs. 84% in the last series and also higher than the 3M Average of 85%. Nifty rollover for the August series stands at 74% vs. 64% in the last series and also higher than the 3M Average of 66%. Bank Nifty rollover for the August series stands at 78% vs. 72% in the last series and also higher than the 3M Average of 77%.

·        Nifty OI PCR ratio stands at 1.72.

·        Option statistics: Nifty highest Call option OI for August series stands at 11500 strike price. In today’s trading session, Nifty 11100, 11200 and 11300 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the August series stand at 11000 strike price. In today’s trading session, Nifty 11100, 11200 and 11300 put options seen addition in OI with IV decreasing indicates writing of option.

·        As mentioned, Nifty does achieved the upside target of 11170, vindicating our view. Looking into the option data, Nifty likely to move towards the level of 10250. On the downside, immediate support stands around the 11100 level and below that 11040 level. 

DERIVATIVE HIGHLIGHTS FOR 25-07-2018

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

·        Nifty OI PCR ratio remains flat at 1.89.

·        Stocks seen long build-up includes Tata Elxsi, Infratel, Kajaria, RelCapital, Bajaj Finserv, MGL and MCX. Stocks seen short build-up includes Cholafinance, Muthootfinance, Jublfood, HCLTech, GMRInfra, ZEEL, Jet Airways, HCC, Pageind, Lupin and India Cement.

·        Option statistics: Nifty highest Call option OI for July series stands at 11200 strike price. In today’s trading session, Nifty 11150 and 11200 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the July series stand at 11000 strike price. In today’s trading session, Nifty 11050 and 11150 put options seen addition in OI with IV increasing indicates buying of option.

·        As mentioned, Nifty does cross the resistance of 11079 and is likely to move towards the level of 11170. On the downside, immediate support stands around the 11060 level and below that 10925 level.

·        Overall rollover before E-1 day stands at 69% vs. 60% in the last series and Nifty rollover before E-1 day stands at 51% vs. 42% in the last series.

·        Stocks were the rollover before E-1 day is less than 50% includes Ambuja Cement, Colgate, Cipla, BPCL and Apollo Tyre. On back of lower rollover until now one can expect high volatility in the above stocks.

·        Stocks in ban for trade on 26-July-2018: ADANIENT.

DERIVATIVE HIGHLIGHTS FOR 23-07-2018

·        Nifty future seen addition of 6 lacs in OI and Bank Nifty future seen unwinding of 1.4 lacs in OI.

·        Nifty OI PCR ratio increased from 1.71 to 1.80.

·        Stocks seen long build-up includes Havells, Bergerpaint, Vguard, Kajaria, SRF, GodfreyPhilip, Cummins, RCom, PTC, Petronet and IDFCBank. Stocks seen short build-up includes TVSMotor, M&MFinance, HeroMotor, OIL, BajajAuto, Southbank, IDFC, IDBI and KPIT.

·        Option statistics: Nifty highest Call option OI for July series stands at 11100 strike price. In today’s trading session, Nifty 10900, 11000 and 11100 call options seen unwinding in OI with IV increasing indicates covering by writers of option. Nifty highest Put Option OI for the July series stand at 11000 strike price. In today’s trading session, Nifty 1100 and 11000 put options seen addition in OI with IV increasing indicates buying of option.

·        As mentioned, Nifty does cross the resistance of 11079 and is likely to move towards the level of 11070. On the downside, immediate support stands around the 11000 level and below that 10925 level.

·        Overall rollover before E-3 day stands at 32% vs. 26% in the last series and Nifty rollover before E-3 day stands at 21% vs. 15% in the last series.

·        Stocks in ban for trade on 24-July-2018: NIL.

DERIVATIVE HIGHLIGHTS FOR 20-07-2018

·        Nifty future seen addition of 12 lacs in OI and Bank Nifty future seen unwinding of 0.1 lacs in OI.

·        Nifty OI PCR ratio increased from 1.64 to 1.71.

·        Stocks seen long build-up includes Bajfinance, Ceat, RCom, Relifra, Bajajfinserv, Cadila, Apollotyre, Balkrishna and TVSMotor. Stocks seen short build-up includes IndianB, Bajaj Auto, Apollo Hospital, PTC, Havells, Syndibank, DCBBank, SRF, Hindalco and ALBK.

·        Option statistics: Nifty highest Call option OI for July series stands at 11100 strike price. In today’s trading session, Nifty 10900 and 11000 call options seen unwinding in OI with IV increasing indicates covering by writers of option. Nifty highest Put Option OI for the July series stand at 10800 strike price. In today’s trading session, Nifty 10900and 11000 put options seen addition in OI with IV decreasing indicates writing of option.

·        Looking into the option data, Nifty immediate resistance stands around the 11079 level and above that 11070 level. On the downside, immediate support stands around the 10927 level and below that 10850 level.

·        Stocks in ban for trade on 23-July-2018: NIL.

DERIVATIVE HIGHLIGHTS FOR 19-07-2018

·        Nifty future seen addition of 2 lacs in OI and Bank Nifty future seen unwinding of 0.1 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.65 to 1.64.

·        Stocks seen long build-up includes Orientbank, RPower, Bajfinance, IFCI, Torntpower, Justdial and JetAirways. Stocks seen short build-up includes Hindalco, HCC, Balramchini, Cholafinance, Ajanta Pharma, PTC, NHPC, Sreinfra, Arvind and Granules.

·        Option statistics: Nifty highest Call option OI for July series stands at 11000 strike price. In today’s trading session, Nifty 10900, 11000 and 11100 call options seen addition in OI with IV increasing indicates writing of option. Nifty highest Put Option OI for the July series stand at 10800 strike price. In today’s trading session, Nifty 10900and 11000 put options seen addition in OI with IV decreasing indicates writing of option.

·        Looking into the option data, Nifty immediate resistance stands around the 11079 level and above that 11070 level. On the downside, immediate support stands around the 10927 level and below that 10850 level.

·        Stocks in ban for trade on 20-July-2018: ADANIENT AND ADANIPOWER.

DERIVATIVE HIGHLIGHTS FOR 18-07-2018

·        Nifty future seen unwinding of 2 lacs in OI and Bank Nifty future seen unwinding of 0.3 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.68 to 1.65.

·        Stocks seen long build-up includes NIITTech, JPAssociate, RBLBank and DHFL. Stocks seen short build-up includes Ashokleyland, Infratel, Tata Chem, Ultra Cement, Tata Global, Torntpower, UBL, Godfrey, PNB, Ramco Cement, Idea, Andhrabank and KSCL.

·        Option statistics: Nifty highest Call option OI for July series stands at 11000 strike price. In today’s trading session, Nifty 10900 and 11000 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the July series stand at 10800 strike price. In today’s trading session, Nifty 10900, 11000 and 11100 put options seen unwinding in OI with IV increasing indicates covering by writers of option.

·        Looking into the option data, Nifty immediate resistance stands around the 11079 level and above that 11070 level. On the downside, immediate support stands around the 10927 level and below that 10850 level.

·        Stocks in ban for trade on 19-July-2018: ADANIENT AND ADANIPOWER.

DERIVATIVE HIGHLIGHTS FOR 17-07-2018

·        Nifty future seen addition of 7 lacs in OI and Bank Nifty future seen addition of 0.9 lacs in OI.

·        Nifty OI PCR ratio increased from 1.62 to 1.68.

·        Stocks seen long build-up includes Adanipower, RBLBank, Bata India, Balkrishna, Federalbank, Apollo Tyre, Ashok Leyland, GSFC, Tata Global, ZEEL, Pageind, Canfinhomes and Arvind. Stocks seen short build-up includes Marico, PcJeweller, Hindunilvr, Bajajauto and Eichermotor.

·        Option statistics: Nifty highest Call option OI for July series stands at 11000 strike price. In today’s trading session, Nifty 10900, 11000 and 11100 call options seen unwinding in OI with IV increasing indicates covering by writers of option. Nifty highest Put Option OI for the July series stand at 10800 strike price. In today’s trading session, Nifty 10900, 11000 and 11100 put options seen addition in OI with IV decreasing indicates writing of option.

·        Looking into the option data, Nifty immediate resistance stands around the 11079 level and above that 11070 level. On the downside, immediate support stands around the 10927 level and below that 10850 level.

·        Stocks in ban for trade on 18-July-2018: ADANIENT, ADANIPOWER AND JETAIRWAYS.

DERIVATIVE HIGHLIGHTS FOR 16-07-2018

·        Nifty future seen unwinding of 7 lacs in OI and Bank Nifty future seen unwinding of 1.3 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.79 to 1.62.

·        Stocks seen long build-up includes Mindtree, Adanient, Jublfood and Wirpo. Stocks seen short build-up includes PcJeweller, Apollo Hospital, ACC, Tata Global, Marico, Ajanta Pharma, Drreddy, HCC, M&MFinance and Torntpower.

·        Option statistics: Nifty highest Call option OI for July series stands at 11000 strike price. In today’s trading session, Nifty 10900, 11000 and 11100 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 10900, 11000 and 11100 put options seen unwinding in OI with IV increasing indicates covering by writers of option.

·        Looking into the option data, Nifty does break the immediate support of 10950 levels and is likely to move towards the level of 10890-10860 level. On the upside, the immediate resistance stands around the 11079 level and above that 11170 level.

·        Stocks in ban for trade on 17-July-2018: JETAIRWAYS.

DERIVATIVE HIGHLIGHTS FOR 13-07-2018

·        Nifty future seen addition of 1 lakh in OI and Bank Nifty future seen unwinding of 0.7 lacs in OI.

·        Nifty OI PCR ratio increased from 1.73 to 1.79.

·        Stocks seen long build-up includes Adanient, Adanipower, Infy, KPIT, Adaniport, Wipro, Marico and Reliance. Stocks seen short build-up includes PVR, UPL, NCC, ZEEL, Tata Global, Apollo Hospital, Andhrabank, Grasim, Ambuja Cement, Jindal steel and Orientbank.

·        Option statistics: Nifty highest Call option OI for July series stands at 11000 strike price. In today’s trading session, Nifty 10900, 11000 and 11100 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the July series stand at 10600 strike price. In today’s trading session, Nifty 10900, 11000 and 11100 put options seen addition in OI with IV decreasing indicates writing of option.

·        Looking into the option data, Nifty immediate support stands around the 10950 level and below that 10840 level. On the upside, a move above today’s high of 11078 likely to take Nifty towards the level of 11170.

·        Stocks in ban for trade on 16-July-2018: JETAIRWAYS.

DERIVATIVE HIGHLIGHTS FOR 12-07-2018

·        Nifty future seen addition of 10 lacs in OI and Bank Nifty future seen addition of 0.1 lacs in OI.

·        Nifty OI PCR ratio increased from 1.67 to 1.73.

·        Stocks seen long build-up includes Arvind, MRF, Marico, Bajfinance, Tata Comm and Engineersind. Stocks seen short build-up includes Adaniport, STAR, Ambuja Cem, ZEEL, Federalbank, Grasim, Ajantapharma, Mcdowell, UPL, VGuard and Infy.

·        Option statistics: Nifty highest Call option OI for July series stands at 11000 strike price. In today’s trading session, Nifty 10900 and 11000 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the July series stand at 10600 strike price. In today’s trading session, Nifty 10900, 11000 and 11100 put options seen addition in OI with IV decreasing indicates writing of option.

·        As mentioned in the yesterday report, Nifty does achieved the upside target of 11070, vindicating our view. Looking into the option data, Nifty immediate support stands around the 10910 level. On the upside, a move above today’s high of 11078 likely to take Nifty towards the level of 11170.

·        Stocks in ban for trade on 13-July-2018: JETAIRWAYS.

DERIVATIVE HIGHLIGHTS FOR 11-07-2018

·        Nifty future seen addition of 9 lacs in OI and Bank Nifty future seen unwinding of 1.7 lacs in OI.

·        Nifty OI PCR ratio increased from 1.66 to 1.67.

·        Stocks seen long build-up includes Adanient, Adanipower, Tata Elxsi, Infratel, KPIT and Hindunilvr. Stocks seen short build-up includes Ramcocem, HindZinc, Bank India, SRF, Cadila, Andhrabank, UPL, ITC, Titan, BEL and STAR.

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

·        Looking into the option data, Nifty immediate support stands around the 10850 level and below that 10740 level. On the upside, Nifty likely to inch towards the level of 11000-11070.

·        Stocks in ban for trade on 12-July-2018: IDBI.

DERIVATIVE HIGHLIGHTS FOR 10-07-2018

·        Nifty future seen addition of 11 lacs in OI and Bank Nifty future seen addition of 2.4 lacs in OI.

·        Nifty OI PCR ratio increased from 1.53 to 1.66.

·        Stocks seen long build-up includes Exideind, HindZinc, Muthootfin, Indianbank, DCBbank, Balramchini, Havells, Colpal, Adanient, MRF and RelCapital. Stocks seen short build-up includes Indusindbank, MGL, TCS, Ambuja Cement, ZEEL, Heromotor and Cadila.

·        Option statistics: Nifty highest Call option OI for July series stands at 11000 strike price. In today’s trading session, Nifty 10800, 10900 and 11000 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the July series stand at 10600 strike price. In today’s trading session, Nifty 10800 and 10900 put options seen addition in OI with IV increasing indicates buying of option.

·        As mentioned in the yesterday report, Nifty does achieved the target of 10930, vindicating our view. Looking into the option data, Nifty likely to move towards the level of 11000-11070. On the downside, immediate support stands around the 10810 and below that 10700 level. 

DERIVATIVE HIGHLIGHTS FOR 09-07-2018

·        Nifty future seen addition of 13 lacs in OI and Bank Nifty future seen addition of 2.3 lacs in OI.

·        Nifty OI PCR ratio increased from 1.51 to 1.53.

·        Stocks seen long build-up includes Hexaware, OFSS, Tata Elxsi, Dishtv, Just Dial, SRF, RBLBank, Shree Cement, Granules, MGL, Bergerpaint and Bata India. Stocks seen short build-up includes Apollo Hospital, TCS, Cummins, Titan and BEL.

·        Option statistics: Nifty highest Call option OI for July 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 July series stand at 10600 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.

·        Looking into the option data, Nifty likely to move towards the level of 10893-10930. On the downside. Immediate support stands around the 10770 and below that 10700 level.

·        Stocks in ban for trade on 10-July-2018: IDBI.

DERIVATIVE HIGHLIGHTS FOR 06-07-2018

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

·        Nifty OI PCR ratio remains flat at 1.51.

·        Stocks seen long build-up includes IDBI, Balkrishna, Bergerpaint, BPCL, Tata Mtrdvr, M&M and Canbk. Stocks seen short build-up includes Godrejind, OFSS, NIITTech, NBCC, M&MFin, TechM, Federalbank and Jublfood.

·        Option statistics: Nifty highest Call option OI for July series stands at 10800 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 10700 and 10800 put options seen addition in OI with IV decreasing indicates writing of option.

·        Looking into the option data, Nifty likely to face stiff resistance around the 10850 level and a sustain trade above 10850 will open the upside level of 10930. On the downside, immediate support stands around the 10700 level and below that 10550 level.

·        Stocks in ban for trade on 9-July-2018: IDBI.

DERIVATIVE HIGHLIGHTS FOR 05-07-2018

·        Nifty future seen addition of 2 lacs in OI and Bank Nifty future seen unwinding of 0.8 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.53 to 1.51.

·        Stocks seen long build-up includes ALBK, Asian Paint, CGPower, Coal India, Yesbank, HDFCBank and HCLTech. Stocks seen short build-up includes UBL, OFSS, Nationalum, McDowell, MRPL, HindZinc, Dabur, RBLBank and Suntv.

·        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 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 10700 and 10800 put options seen addition in OI with IV decreasing indicates writing of option.

·        As mentioned in the yesterday report, Nifty does move towards the level of 10790, making a high of 10786, vindicating our view. Looking into the option data, a move above 10790 will open the upside target of 10850 level. On the downside, immediate support stands around the 10690 level and below that 10550 level. 

DERIVATIVE HIGHLIGHTS FOR 04-07-2018

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

·        Nifty OI PCR ratio increased from 1.50 to 1.53.

·        Stocks seen long build-up includes RBLBank, Apollo Hospital, Repco Home, Granules, Heromotor, Infratel, Bajaj Auto and Castrol Ind. Stocks seen short build-up includes Srtransfinance, NBCC, Godrejind, Manappuram, Ujjivan, KPIT, OFSS and Pageind.

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

·        As mentioned in the yesterday report, Nifty does cross the immediate resistance of 10740 and is likely to move towards the level of 10790-10830. On the downside, immediate support holds around the 10670 level and below that 10550 level.

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

DERIVATIVE HIGHLIGHTS FOR 03-07-2018

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

·        Nifty OI PCR ratio increased from 1.45 to 1.50.

·        Stocks seen long build-up includes JustDial, Tata Elxsi, KPIT, Exideind, Cipla, Ajanta Pharma, ACC, Amaraja, Hexaware, RBLBank and Divislab. Stocks seen short build-up includes VEDL, OFSS, Bata India, Torntpower, NBCC and IndianBank.

·        Option statistics: Nifty highest Call option OI for July 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 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.

·        Looking into the option data, immediate support hold around the 10630 level and below that 10550 level. On the upside a sustain trade above 10740, likely to take Nifty towards the level of 10790-10830.

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

DERIVATIVE HIGHLIGHTS FOR 02-07-2018

·           Nifty future OI remains flat at 2.03 crores and Bank Nifty future seen addition of 0.9 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.48 to 1.45.

·        Stocks seen long build-up includes ICICIbank, Bergerpaint, Apollo hospital, CGPower, Hindzinc, Torntpharma and Mindtree. Stocks seen short build-up includes Adanient, Chennai Petro, Jindal Steel, Heromotor, Infratel, Indian Bank, Torntpower and Dabur.

·        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 put options seen addition in OI with IV decreasing indicates writing of option.

·        Looking into the option data, immediate support hold around the 10550 level and on the upside above 10740,  Nifty likely to move towards the level of 10830.

·         Stocks in ban for trade on 3-July-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.