DERIVATIVE DIARY - OCTOBER 2018

DERIVATIVE HIGHLIGHTS FOR 01-11-2018

·        Nifty future OI remains flat at 2.40 crores and Bank Nifty seen unwinding of 1.1 lacs in OI.

·        Nifty OI PCR Ratio decreased from 1.56 to 1.53

·        Stocks seen long build-up includes IGL, Shree Cement, PcJeweller, MGL, DLF, Hindalco, Siemens, Escorts, CAPF, RelCapital and Ajanta Pharma.  Stocks seen short build-up includes CoalIndia, Voltas, Exideind, GodrejCP, Justdial, Kotakbank and Asianpaint.

·        Option statistics: Nifty highest Call option OI for November series stands at 10700 strike price. In today’s trading session, Nifty 10400 call options seen unwinding in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the November series stand at 10000 strike price. In today’s trading session, Nifty 10200, 10300 and 10400 put options seen addition in OI with IV decreasing indicates writing of option.

·        Looking into the option data, a sustain trade above today’s high 10441 level will open the upside of 10550-10700 level. On the downside, immediate support stands around the 10200 level and below that the strong support in the vicinity of 10000-9950 level. 

DERIVATIVE HIGHLIGHTS FOR 31-10-2018

·        Nifty future seen addition of 12 lacs in OI and Bank Nifty seen addition of 0.3 lacs in OI.

·        Nifty OI PCR Ratio increased from 1.49 to 1.56

·        Stocks seen long build-up includes Cummins, ALBK, Ajantapharma, Torntpower, CONCOR, VGuard, OFSS, Bajaj Auto, Bata India, INFY, Shree Cement and Marico. Stocks seen short build-up includes Coalindia, CESC, Syndibank, Justdial, Tata Global, Apollo hospital, Arvind, Kotakbank and Maruti.

·        Option statistics: Nifty highest Call option OI for November series stands at 10700 strike price. In today’s trading session, Nifty 10200, 10300 and 10400 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the November series stand at 10000 strike price. In today’s trading session, Nifty 10200, 10300 and 10400 put options seen addition in OI with IV increasing indicates buying of option.

·        In today’s trading session, FII were net buyers to the tune of Rs. 737 crores in Index Futures; FIIs added 20282 longs and added 13909 shorts in Index futures. FII Index long exposure is at 34.2% vs. 29.2% at the beginning of the November series. In Index options, FII were net sellers to the tune of Rs. 62 crores; FIIs added 20075 in Index call long, added 4107 in Index put long, unwounded 978 in Index call shorts and added 28014 in Index put shorts.

·        Nifty traded with some amid volatility in today’s trading session and as mentioned does move towards the level of 10400 above the 10290 resistance cross over. Looking into the option data, a sustain trade above 10400 level will open the upside of 10550-10700 level. On the downside, immediate support stands around the 10100 level and below that the strong support in the vicinity of 10000-9950 level. 

DERIVATIVE HIGHLIGHTS FOR 30-10-2018

·        Nifty future seen unwinding of 2 lacs in OI and Bank Nifty seen unwinding of 0.9 lacs in OI.

·        Nifty OI PCR Ratio decreased from 1.51 to 1.549

·        Stocks seen long build-up includes Justdial, Dalmiabharat, Unionbank, UBL, Hindzinc, Syndibank, Mindtree, Infibeam, Escorts, IGL and BOSCH. Stocks seen short build-up includes Motherson, Voltas, Cummins, Indusindbank, Eichermotor, NIITTech, LICHSGFIN, DCBbank and Kotabank.

·        Option statistics: Nifty highest Call option OI for November series stands at 11000 strike price. In today’s trading session, Nifty 10300 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the November series stand at 10000 strike price. In today’s trading session, Nifty 10200 and 10300 put options seen addition in OI with IV increasing indicates buying of option.

·        In today’s trading session, FII were net buyers to the tune of Rs. 201 crores in Index Futures; FIIs unwounded 650 longs and unwounded 4000 shorts in Index futures. FII Index long exposure is at 31.6% vs. 29.2% at the beginning of the November series. In Index options, FII were net buyers to the tune of Rs. 504 crores; FIIs added 6879 in Index call long, added 23301 in Index put long, added 12329 in Index call shorts and added 10658 in Index put shorts.

·        Nifty does resisted at the level of 10290, making a high of 10285 and finally close at 10198 level. Looking into the option data, a move above 10290 will open the upside of 10400 levels. On the downside, immediate support stands around the 10150 level and below that the strong support in the vicinity of 10000-9950 level. 

DERIVATIVE HIGHLIGHTS FOR 29-10-2018

·        Nifty future OI remains flat at 2.30 crores and Bank Nifty seen unwinding of 0.9 lacs in OI.

·        Nifty OI PCR Ratio increased from 1.44 to 1.51.

·        Stocks seen long build-up includes Divislab, Voltas, Tata Power, Grasim, Canbk, Torntpower, Torntpharma, LICHsgfin, Repco Home, Tata Global, ALBK, Granules, Muthootfinance, Tata Steel, ICICIBank, Orientbank and UBL. Stocks seen short build-up includes COLPAL, Jetairways, Shree Cement, Infratel and Infibeam.

·        Option statistics: Nifty highest Call option OI for November series stands at 11000 strike price. In today’s trading session, Nifty 10200 and 10300 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the November series stand 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.

·        Nifty does cross the immediate resistance of 10170 and move towards the level of 10290, making a high of 10275, vindicating our view. Looking into the option data, Nifty likely to move towards the level of 10400 above the 10290 level. On the downside, immediate support stands around the 10140 level and below that the strong support in the vicinity of 10000-9950 level. 

DERIVATIVE HIGHLIGHTS FOR 26-10-2018

·        Nifty future seen addition of 10 lacs in OI and Bank Nifty seen addition of 1 lakh in OI.

·        Nifty OI PCR Ratio decreased from 1.49 to 1.44.

·        Stocks seen long build-up includes Arvind, BEL, SRF, Tata Motors, MRF, Marico, Tata Steel and VGuard. Stocks seen short build-up includes Equitas, Grasim, Repco Home, UBL, Hexawre, Voltas, Rel Capital, BHEL, ONGC, Kotakbank, BEML, Yesbank and ZEEL.

·        Option statistics: Nifty highest Call option OI for November series stands at 11000 strike price. In today’s trading session, Nifty 10000, 10100 and 10200 call options seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the November series stand 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.

·        In today’s trading session, FII were net sellers to the tune of Rs. 147 crores in Index Futures; FIIs added 8661 longs and added 10485 shorts in Index futures. FII Index long exposure is at 30.1% vs. 29.2% at the beginning of the November series. In Index options, FII were net buyers to the tune of Rs. 764 crores; FIIs added 7840 in Index call long, added 89415 in Index put long, added 22183 in Index call shorts and added 18530 in Index put shorts.

·        Nifty does break the level of 10100 and the next support level to watch out will be 9950. A sustain trade below 9950; can lead to further correction towards the level of 9850-9700. On the upside, Nifty immediate resistance stands around the 10170 level and above that 10290 level.

DERIVATIVE HIGHLIGHTS FOR 25-10-2018

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

Particulars	November Series	October Series	% Change
OVERALL OI IN NO. OF SHARES (Cr.)	484.58	533.61	-9.19%
NIFTY FUT OI IN NO. OF SHARES (Cr.)	2.20	1.72	27.91%
STOCK FUT OI IN NO. OF SHARES (Cr.)	429.07	466.54	-8.03%
BANK NIFTY FUT OI (No. in Mn)	1.70	1.37	24.09%
CALL OPTION OI IN NO. OF SHARES (Cr.)	3.47	3.64	-4.67%
PUT OPTION OI IN NO. OF SHARES (Cr.)	5.17	4.92	5.08%
OI (Rs. in crores)	241487.00	261658.00	-7.71%
NIFTY CLOSING	10124.90	10977.55	-7.77%

·        The Overall rollover for the new series stands at 85% vs. 87% in the last series and also lowers than the 3M Average of 89%. Nifty rollover is on the higher side at 76% vs. 63% in the last series and also higher than the 3M Average of 68%. Bank Nifty rollover too is on the higher side at 79% vs. 66% in the last series and also higher than the 3M Average of 70%.

·        Option statistics: Nifty highest Call option OI for November series stands at 11000 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 November series stand 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.

·        Looking into the option data, Nifty immediate resistance stands around the 10220 level and a sustain above this level can take Nifty towards the level of 10290-10400. On the downside, immediate support on the closing basis holds in the vicinity of 10100-10120 level and below that 9950 level.  

DERIVATIVE HIGHLIGHTS FOR 24-10-2018

·        Nifty future seen addition of 20 lacs in OI and Bank Nifty future seen addition of 3 lacs in OI.

·        Nifty OI PCR ratio increased from 1.04 to 1.10.

·        Stocks seen long build-up includes Engineersind, Adanipower, GAIL, Exideind, Idea, Indigo, JPAssociate, Eicher Motor, Bajaj Finserv, Hind Petro, Repco Home and MCX. Stocks seen short build-up includes CONCOR, Yesbank, Suzlon, Grasim, Infratel, DHFL, Bajaj Auto, LICHSGFIN, Jindal Steel and Divislab.

·        Option statistics: Nifty highest Call option OI for October series stands at 11000 strike price. In today’s trading session, Nifty 10100 and 10200 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the October series stand at 10000 strike price. In today’s trading session, Nifty 10100 and 10200 put options seen addition in OI with IV decreasing indicates writiing of option.

·        Overall rollover before E-1 day stands at 61% vs. 63% in the last series. Nifty rollover before E-1 day is on the higher side at 65% vs. 43% in the last series.

·        Stocks were the rollover before E-1 day is lower than 50% includes Arvind, Heromotor, PFC, Strtransfin, Colgate, JSWSteel, GAIL, Petronet, Cipla, NTPC, Tata Power and Engineersind.

·        Looking into the option data, Nifty immediate resistance stands around the 10300 level and a sustain above this level can take Nifty towards the level of 10400. On the downside, immediate support holds at the level of 10100-10120 level and below that 10000-9950 level.  

DERIVATIVE HIGHLIGHTS FOR 23-10-2018

·        Nifty future seen addition of 17 lacs in OI and Bank Nifty future seen addition of 1.4 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.10 to 1.04.

·        Stocks seen long build-up includes DalmiaBharat, Bajaj Auto, ICICIPrulife, TVSMotor, IBulhsgfin, DHFL, Tata Chem and Kotakbank. Stocks seen short build-up includes KSCL, Ambujacement, Dishtv, HDFCbank, HCC, RPower, CGPower, BPCL, Hexaware and OIL.

·        Option statistics: Nifty highest Call option OI for October series stands at 11000 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 October series stand at 10000 strike price. In today’s trading session, Nifty 10200 and 10300 put options seen unwinding in OI with IV decreasing indicates profit booking of option.

·        Overall rollover before E-2 days stands at 45% vs. 44% in the last series. Nifty rollover before E-2 days stands at 46% vs. 30% in the last series.

·        In today’s trading session, FII were net sellers to the tune of Rs. 577 crores in Index Futures; FIIs added 18607 longs and added 25337 shorts in Index futures. FII Index long exposure is at 35.1% vs. 48.1% at the beginning of the October series. In Index options, FII were net buyers to the tune of Rs. 542 crores; FIIs unwounded 1350 in Index call long, unwounded 6912 in Index put long, added 5951 in Index call shorts and unwounded 19935 in Index put shorts.

·        Looking into the option data, Nifty does break the support level of 10140 in the intraday and is likely to move towards the level of 10000-9950. On the upside, immediate resistance stands around the 10370 level and above that 10710-10760 level. 

DERIVATIVE HIGHLIGHTS FOR 22-10-2018

·        Nifty future OI remains flat at 2.26 crores and Bank Nifty future seen addition of 2 lacs in OI.

·        Nifty OI PCR ratio increased from 1.07 to 1.10.

·        Stocks seen long build-up includes UBL, Pidilite, NBCC, ICICIBank, Nestle, BHEL, Amaraja and IRB. Stocks seen short build-up includes HindZinc, HCC, CONCOR, Indigo, Canbk, RBLBank, Tata Power, SAIL, Kotakbank, IFCI, Dishtv and ICICIPrulife.

·        Option statistics: Nifty highest Call option OI for October series stands at 11000 strike price. In today’s trading session, Nifty 10200, 10300 and 10400 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the October series stand at 10000 strike price. In today’s trading session, Nifty 10200 and 10300 put options seen addition in OI with IV increasing indicates buying of option.

·        In today’s trading session, FII were net buyers to the tune of Rs. 525 crores in Index Futures; FIIs added 23 longs and unwounded 6563 shorts in Index futures. FII Index long exposure is at 33.9% vs. 48.1% at the beginning of the October series. In Index options, FII were net buyers to the tune of Rs. 942 crores; FIIs added 7112 in Index call long, added 20702 in Index put long, added 2962 in Index call shorts and added 14000 in Index put shorts.

·        Looking into the option data, the crucial support stands around the 10140 level and below that 9950 level. On the upside, immediate resistance stands around the 10450 level and above that 10710-10760 level. 

DERIVATIVE HIGHLIGHTS FOR 19-10-2018

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

·        Nifty OI PCR ratio decreased from 1.11 to 1.07.

·        Stocks seen long build-up includes Hindzinc, Torntpower, Voltas, Chennaipetro, Havells and MRPL. Stocks seen short build-up includes Repcohome, ACC, Mindtree, Orientbank, RBLBank, PEL, NBCC, VGuard, Adanipower, Siemens, HCC and TV18.

·        Option statistics: Nifty highest Call option OI for October series stands at 11000 strike price. In today’s trading session, Nifty 10300, 10400 and 10500 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the October series stand at 10000 strike price. In today’s trading session, Nifty 10300, 10400 and 10500 put options seen unwinding in OI with IV decreasing indicates profit booking of option.

·        In today’s trading session, FII were net sellers to the tune of Rs. 438 crores in Index Futures; FIIs added 2012 longs and added 7316 shorts in Index futures. FII Index long exposure is at 33.1% vs. 48.1% at the beginning of the October series. In Index options, FII were net sellers to the tune of Rs. 2584 crores; FIIs added 4268 in Index call long, unwounded 198 in Index put long, added 24968 in Index call shorts and added 4951 in Index put shorts.

·        On back of weak global cues, Nifty open almost near to the support level of 10290 below the 10400 support level taken out. Looking into the option data, the crucial support stands around the 10140 level and below that 9950 level. On the upside, immediate resistance stands around the 10480 level and above that 10710-10760 level. 

DERIVATIVE HIGHLIGHTS FOR 17-10-2018

·        Nifty future seen unwinding of 1 lakh in OI and Bank Nifty future seen unwinding of 1.5 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.24 to 1.11.

·        Stocks seen long build-up includes NIITTech, Bergerpaint, Infy and McDowell. Stocks seen short build-up includes DHFL, IBULLHSGFIN, Bharatfin, JetAirways, Torntpharma, Unionbank, L&TFH, bajfinance, DLF, DCBBank, Sreinfra, PEL, TVSMotor, GMRInfra and SRF.

·        Option statistics: Nifty highest Call option OI for October series stands at 11000 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 October series stand at 10000 strike price. In today’s trading session, Nifty 10400 and 10500 put options seen unwinding in OI with IV decreasing indicates profit booking of option.

·        In today’s trading session, FII were net buyers to the tune of Rs. 1,077 crores in Index Futures; FIIs added 3678 longs and unwounded 8517 shorts in Index futures. FII Index long exposure is at 33.5% vs. 48.1% at the beginning of the October series. In Index options, FII were net buyers to the tune of Rs. 36 crores; FIIs unwounded 13098 in Index call long, unwounded 7101 in Index put long and unwounded 16340 in Index put shorts.

·        As mentioned, Nifty does move towards the target of 10670, making a high of 10710, vindicating our view. For the day, Nifty retraces all the gain and close the day near to the support of 10400. Looking in to the option data, Nifty immediate support stands around 10400 and below that 10290-10140 level. On the upside, Nifty strong resistance stands in the vicinity of 10710-10760 level 

DERIVATIVE HIGHLIGHTS FOR 16-10-2018

·        Nifty future seen addition of 9 lacs in OI and Bank Nifty future seen unwinding of 0.1 lacs in OI.

·        Nifty OI PCR ratio increased from 1.20 to 1.24.

·        Stocks seen long build-up includes JPAssociate, Bergerpaint, NBCC, Heromotor, Federalbank, MCX, Chennai Petro, ACC, Torntpharma, MRPL, ICICIPrulife, Ambujacement, Southbank and Indigo. Stocks seen short build-up includes Infratel, DHFL, IBullhsgfin, Glenmark, Balkrishna, Infy and Amaraja.

·        Option statistics: Nifty highest Call option OI for October series stands at 11000 strike price. In today’s trading session, Nifty 10400 and 10500 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the October series stand at 10000 strike price. In today’s trading session, Nifty 10400, 10500 and 10600 put options seen addition in OI with IV decreasing indicates writing of option.

·        In today’s trading session, FII were net buyers to the tune of Rs. 186 crores in Index Futures; FIIs added 1439 longs and unwounded 97 shorts in Index futures. FII Index long exposure is at 31.6% vs. 48.1% at the beginning of the October series. In Index options, FII were net buyers to the tune of Rs. 1478 crores; FIIs added 1206 in Index call long, added 15313 in Index put long and added 3390 in Index put shorts.

·        As mentioned in the last report, Nifty does cross the resistance of 10500 and is likely to move towards the level of 10670-10770. On the downside, immediate support stands around the 10410 level and below that 10140 level. 

DERIVATIVE HIGHLIGHTS FOR 12-10-2018

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

·        Nifty OI PCR ratio increased from 1.108 to 1.21.

·        Stocks seen long build-up includes SRF, Coal India, Chennai Petro, Hexaware, Exideind, Grasim, TVSMotor, Yesbank, Bharat Finance, NBCC and RBLBank. Stocks seen short build-up includes NIITTech, KTKBank, TCS, HCLTech, ICICIPrulife and Auro Pharma.

·        Option statistics: Nifty highest Call option OI for October series stands at 11000 strike price. In today’s trading session, Nifty 10300, 10400 and 10500 call options seen addition in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the October series stand at 10000 strike price. In today’s trading session, Nifty 10300, 10400 and 10500 put options seen addition in OI with IV decreasing indicates writing of option.

·        In today’s trading session, FII were net buyers to the tune of Rs. 529 crores in Index Futures; FIIs added 2003 longs and unwounded 5952 shorts in Index futures. FII Index long exposure is at 34.2% vs. 48.1% at the beginning of the October series. In Index options, FII were net buyers to the tune of Rs. 1261 crores; FIIs added 17611 in Index call long, added 4521 in Index put long and added 14360 in Index put shorts.

·        As mentioned in the yesterday report, Nifty does move towards the level of 10500, making a high of 10492 above the immediate resistance of 10350, vindicating our view. Looking into the option data, Nifty immediate resistance stands around the 10500 level and a sustain trade above 10500 will open the upside of 10670-10770 level. On the downside, Nifty strong support stands at the level of 10140 and a sustain trade below 10140 will open the downside level of 10000-9950. 

DERIVATIVE HIGHLIGHTS FOR 11-10-2018

·        Nifty future seen addition of 1 lakh in OI and Bank Nifty future seen unwinding of 3.5 lacs in OI.

·        Nifty OI PCR ratio increased from 1.16 to 1.08.

·        Stocks seen long build-up includes DHFL, ZEEL, MCX, BPCL, VGuard and Yesbank. Stocks seen short build-up includes Voltas, NIITTech, Amaraja, Ramco Cement, LT, HCLtech, Grasim, M&M, TVSMotor, Heromotor and SBIN.

·        Option statistics: Nifty highest Call option OI for October series stands at 11000 strike price. In today’s trading session, Nifty 10200, 10300 and 10400 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the October series stand at 10000 strike price. In today’s trading session, Nifty 10300 and 10400 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 10350 level and above that 10500 level. On the downside, a move below today’s low of 10140 will open the downside level of 10000-9950 level. 

DERIVATIVE HIGHLIGHTS FOR 10-10-2018

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

·        Nifty OI PCR ratio increased from 1.11 to 1.16.

·        Stocks seen long build-up includes KSCL, Justdial, NBCC, NCC, MFSL, OIL, Bank Baroda, PVR, Jublfood, McDowell, Havells and Hexaware. Stocks seen short build-up includes Shree Cement, Infratel, TCS, Southbank, Coal India and INFY.

·        Option statistics: Nifty highest Call option OI for October series stands at 11000 strike price. In today’s trading session, Nifty 10300, 10400 and 10500 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the October series stand at 10000 strike price. In today’s trading session, Nifty 10300 and 10400 put options seen addition in OI with IV decreasing indicates writing of option.

·        In today’s trading session, FII were net sellers to the tune of Rs. 1487 crores in Index Futures; FIIs added 1503 longs and added 18270 shorts in Index futures. FII Index long exposure is at 36.2% vs. 48.1% at the beginning of the October series. In Index options, FII were net buyers to the tune of Rs. 1149 crores; FIIs added 3163 in Index call long, added 3859 in Index put long and added 1054 in Index put shorts.

·        Looking into the option data, Nifty immediate resistance stands around the 10530-10550 level and above that 10770 level. On the downside, a move below 10198 level will open the downside level of 10000-9950 level. 

DERIVATIVE HIGHLIGHTS FOR 09-10-2018

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

·        Nifty OI PCR ratio decreased from 1.12 to 1.11.

·        Stocks seen long build-up includes OIL, Cholafinance, Adaniport, Amaraja, UBL, Canfinhomes and Federalbank Stocks seen short build-up includes Justdial, Bergerpaint, Indigo, Hexaware, Titan, NBCC, Divislab, Jet Airways, Grasim, Dabut and Ramcocement.

·        Option statistics: Nifty highest Call option OI for October series stands at 11000 strike price. In today’s trading session, Nifty 10300, 10400 and 10500 call options seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the October series stand at 10000 strike price. In today’s trading session, Nifty 10300 put options seen addition in OI with IV increasing indicates buying of option.

·        In today’s trading session, FII were net buyers to the tune of Rs. 80 crores in Index Futures; FIIs unwounded 6249 longs and unwounded 7689 shorts in Index futures. FII Index long exposure is at 38.3% vs. 48.1% at the beginning of the October series. In Index options, FII were net sellers to the tune of Rs. 1447 crores; FIIs added 7496 in Index call long, unwounded 8625 in Index put long and added 8961 in Index put shorts.

·        Looking into the option data, Nifty immediate resistance stands around the 10530 level and above that 10770 level. On the downside, a move below 10198 level will open the downside level of 10000-9950 level. 

DERIVATIVE HIGHLIGHTS FOR 08-10-2018

·        Nifty future seen addition of 2 lacs in OI and Bank Nifty future seen unwinding of 0.5 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.21 to 1.07.

·        Stocks seen long build-up includes IOC, Amaraja, Bata India, Yesbank, Adaniport, OIL, IBullhsgfin, IDBI and Cipla. Stocks seen short build-up includes Voltas, Tata Elxsi, Bharatfin, Cholafin, DHFL, ITC, Infibeam, ZEEL and BOSCH.

·        Option statistics: Nifty highest Call option OI for October series stands at 11000 strike price. In today’s trading session, Nifty 10300, 10400 and 10500 call options seen addition in OI with IV decreasing indicates writing of option. Nifty highest Put Option OI for the October series stand at 10000 strike price. In today’s trading session, Nifty 10400 and 10500 put options seen unwinding in OI with IV decreasing indicates profit booking of option.

·        In today’s trading session, FII were net buyers to the tune of Rs. 918 crores in Index Futures; FIIs added 8275 longs and unwounded 2602 shorts in Index futures. FII Index long exposure is at 38.6% vs. 48.1% at the beginning of the October series. In Index options, FII were net sellers to the tune of Rs. 1595 crores; FIIs unwounded 2700 in Index call long, unwounded 741 in Index put long and added 14907 in Index put shorts.

·        Looking into the option data, Nifty immediate resistance stands around the 10620 level and above that 10770 level. On the downside, a move below 10198 level will open the downside level of 10000-9950 level. 

DERIVATIVE HIGHLIGHTS FOR 05-10-2018

·        Nifty future seen addition of 19 lacs in OI and Bank Nifty future seen unwinding of 1.3 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.21 to 1.07.

·        Stocks seen long build-up includes Torntpower, Infy, Titan and Granules. Stocks seen short build-up includes BPCL, HindPetro, GAIL, Adaniport, Balkrishna, Reliance, Bajfinance, IBullhsgfin, Yesbank, Tata Elxsi, Canbk and Ashokleyland.

·        Option statistics: Nifty highest Call option OI for October series stands at 11000 strike price. In today’s trading session, Nifty 10300, 10400 and 10500 call options seen addition in OI with IV decreasing indicates buying of option. Nifty highest Put Option OI for the October series stand at 10500 strike price. In today’s trading session, Nifty 10500 put options seen unwinding in OI with IV decreasing indicates profit booking of option.

·        In today’s trading session, FII were net sellers to the tune of Rs. 1610 crores in Index Futures; FIIs added 712 longs and added 21045 shorts in Index futures. FII Index long exposure is at 36.4% vs. 48.1% at the beginning of the October series. In Index options, FII were net buyers to the tune of Rs. 1443 crores; FIIs added 18571 in Index call long, added 45316 in Index put long and added 15433 in Index put shorts.

·        As mentioned, Nifty does slide towards the level of 10250, making a low of 10263, vindicating our view. Looking into the option data, Nifty crucial support stands around the 10263 and a sustain below this level will open the downside level of 10000-9950 level. On the upside, immediate resistance stands around the 10780 level. 

DERIVATIVE HIGHLIGHTS FOR 04-10-2018

·        Nifty future seen addition of 19 lacs in OI and Bank Nifty future seen unwinding of 2.5 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.36 to 1.21.

·        Stocks seen long build-up includes KSCL, Infratel, DLF, Indigo and JetAirways. Stocks seen short build-up includes BPCL, Infibeam, CONCOR, Marico, EicherMotor, Exideind, MFSL, HindPetro, Heromotor, IOC, Orientbank, CAPF, COLPAL, GodrejCP and Petronet.

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

·        In today’s trading session, FII were net sellers to the tune of Rs. 3157 crores in Index Futures; FIIs unwounded 4612 longs and added 32875 shorts in Index futures. FII Index long exposure is at 39.2%. In Index options, FII were net buyers to the tune of Rs. 8509 crores; FIIs unwounded 15177 in Index call long, added 36512 in Index put long and unwounded 3963 in Index put shorts.

·        Nifty does break the crucial support of 10770 and close well below the 200 DMA level. Looking into the option data, a move below today’s low of 10547 likely to take Nifty towards the level of 10300-10250 level. On the upside, immediate resistance stands around the 10780 level. 

DERIVATIVE HIGHLIGHTS FOR 03-10-2018

·        Nifty future seen addition of 9 lacs in OI and Bank Nifty future seen addition of 4 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.41 to 1.36.

·        Stocks seen long build-up includes Hindalco, VEDL, Bank India, Chennai Petro, Mindtree and PcJeweller. Stocks seen short build-up inclues Bata India, RamcoCement, BajajFinserv, M&M, Eichermotor, MFSL, Infratel, RelCapital, TCS, JustDial, Apollo Tyre, Divislab and VGuard.

·        Option statistics: Nifty highest Call option OI for October series stands at 11500 strike price. In today’s trading session, Nifty 10800, 10900 and 11000 call options seen addition in OI with IV increasing indicates buying of option. Nifty highest Put Option OI for the October series stand at 10500 strike price. In today’s trading session, Nifty 10900 put options seen addition in OI with IV increasing indicates buying of option.

·        In today’s trading session, FII were net sellers to the tune of Rs. 700 crores in Index Futures; FIIs unwounded 770 longs and added 8510 shorts in Index futures. FII Index long exposure is at 46.1%. In Index options, FII were net sellers to the tune of Rs. 1357 crores; FIIs added 8314 in Index call long, added 2406 in Index put long and added 8485 in Index put shorts.

·        Looking into the option data, Nifty immediate resistance stands around the 10970 level and above that 11050 level. On the downside, crucial support holds in the vicinity of 10822-10770 level. 

DERIVATIVE HIGHLIGHTS FOR 01-10-2018

·        Nifty future seen unwinding of 4 lacs in OI and Bank Nifty future seen addition of 2.9 lacs in OI.

·        Nifty OI PCR ratio increased from 1.33 to 1.41.

·        Stocks seen long build-up includes Canfinhomes, Infratel, Mindtree, Divislab, Adaniport, Hexaware, Balkrishna, IBullhsgfin, HDFCBank, Glenmark and DHFL. Stocks seen short build-up inclues Indusindbank, DLF, MRPL, PEL, KSCL, Kotakbank, Ambuja Cement, Bajajfinserv, Godrejind and Jet Airways.

·        Option statistics: Nifty highest Call option OI for October series stands at 11500 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 October 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.

·        In today’s trading session, FII were net buyers to the tune of Rs. 9 crores in Index Futures; FIIs added 1453 longs and added 1476 shorts in Index futures. In Index options, FII were net buyers to the tune of Rs. 1962 crores; FIIs added 26950 in Index call long, added 12807 in Index put long and added 15256 in Index put shorts.

·        Looking into the option data, Nifty immediate resistance stands around the 11065 level and above that 11150 level. On the downside, crucial support holds in the vicinity of 10822-10770 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.