DERIVATIVE DIARY - JANUARY 2019

DERIVATIVE HIGHLIGHTS FOR 31-01-2019

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

Particulars	February Series	January Series	% Change
OVERALL OI IN NO. OF SHARES (Cr.)	502.39	499.79	0.52%
NIFTY FUT OI IN NO. OF SHARES (Cr.)	1.87	2.23	-16.14%
STOCK FUT OI IN NO. OF SHARES (Cr.)	440.23	439.14	0.25%
BANK NIFTY FUT OI (No. in Mn)	1.44	1.15	25.22%
CALL OPTION OI IN NO. OF SHARES (Cr.)	2.84	2.89	-1.73%
PUT OPTION OI IN NO. OF SHARES (Cr.)	4.70	4.44	5.86%
OI (Rs. in crores)	242855.00	243712.00	-0.35%
NIFTY CLOSING	10830.95	10779.80	0.47%

·        Overall rollover for the new series stands at 88% vs. 86% in the last series and is also higher than the 3M Average of 86%. Nifty rollover is on the lower side at 62% vs. 74% in the last series and is also lowers than the 3M Average of 74%. Bank Nifty rollover is on the higher side at 77% vs. 64% in the last series and also lowers than the 3M Average of 74%.

·        Option statistics: Nifty highest Call option OI for February 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 February series stand at 10500 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 move towards the level of 10840, once the immediate resistance of 10740 was taken out. Looking into the option data, immediate resistance stands at 10840 levels and above that 10920-10985 level. On the upside, immediate support stands around the 10690 level and below that 10580 level. 

DERIVATIVE HIGHLIGHTS FOR 30-01-2019

·        Nifty futures seen addition of 6 lacs in OI and Bank Nifty futures seen unwinding of 0.6 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.22 to 1.21.

·        Stocks seen long build-up includes NMDC, Castrol, BEL, Suzlon, Jublfood, HCLTech, Ujjivan, Bergerpaint and Ramco Cement. Stocks seen short build-up includes Tata Comm, Ceat, IFCI, GodrejCP, BajajAuto, BHEL, TVSMotor and JPAssociate.

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

·        In today’s trading session, FII were net sellers to the tune of Rs. 1667 crores in Index Futures; FIIs unwounded 1389 longs and added 21972 shorts in Index futures. FII net long exposure in Index futures is at 46% vs. 50.5% at the beginning of the January series. In Index options, FII were net buyers to the tune of Rs. 274 crores; FIIs added 6650 in Index call long, unwounded 1373 in Index put long, added 10882 in Index call shorts and unwounded 8462 in Index put shorts.

·        Looking into the option data and FII statistics, Nifty immediate support stands around the 10585 level and below that 10500 level. On the upside, immediate resistance stands around the 10740 level and above that 10840 level. 

DERIVATIVE HIGHLIGHTS FOR 25-01-2019

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

·        Nifty OI PCR ratio decreased from 1.44 to 1.37.

·        Stocks seen long build-up includes Castrol, KSCL, DHFL and Repcohome. Stocks seen short build-up includes ZEEL, KPIT, Dishtv, Torntpower, Chennai Petro, Apollo Tyre, Infibeam, Maruti, India Cement, Engineers India, TVSMotor, Ajanta Pharma, HindZinc, IndiaB and Heromotor.

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

·        In today’s trading session, FII were net buyers to the tune of Rs. 1208 crores in Index Futures; FIIs added 8616 longs and unwounded 3284 shorts in Index futures. FII net long exposure in Index futures is at 47.1% vs. 50.5% at the beginning of the January series. In Index options, FII were net buyers to the tune of Rs. 435 crores; FIIs unwounded 3602 in Index call long, unwounded 5649 in Index put long, added 4228 in Index call shorts and added 725 in Index put shorts.

·        As mentioned is the last report, Nifty does break the support of 10800 and is likely to move towards the level of 10700-10670. On the upside, Nifty immediate resistance stands around the 10890 level and above that 10985 level. 

DERIVATIVE HIGHLIGHTS FOR 24-01-2019

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

·        Nifty OI PCR ratio increased from 1.43 to 1.44.

·        Stocks seen long build-up includes Adanipower, Ujjivan, Equitas, Apollo Hospital, COLPAL, Jublfood, Yesbank and Infibeam. Stocks seen short build-up includes Exideind, Tata Elxsi, TVSMotor, M&MFinance, IDBI, Infratel, Amaraja, CGPower, MRF, Bharat Forge and Ashok Leyland.

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

·        Looking into the option data, a sustain trade above 10985 will the open the upside of 11100. On the downside, immediate support stands around the level of 10800 and a sustain trade below 10800 will open the downside level of 10700-10670.

DERIVATIVE HIGHLIGHTS FOR 23-01-2019

·        Nifty futures OI remains flat at 2.80 crores and Bank Nifty futures seen addition of 0.2 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.53 to 1.43.

·        Stocks seen long build-up includes OFSS, Amaraja, PVR, Jublfood, Biocon and Petronet. Stocks seen short build-up includes ICICIPrulife, ITC, TVSMotor, Syndibank, RCom, Unonbank, CONCOR, Orientbank, Exideind and Indigo.

·        Option statistics: Nifty highest Call option OI for January series stands at 11000 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 January series stand at 10800 strike price. In today’s trading session, Nifty 10900 and 11000 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. 315 crores in Index Futures; FIIs unwounded 5270 longs and unwounded 2594 shorts in Index futures. FII net long exposure in Index futures is at 45.8% vs. 50.5% at the beginning of the January series. In Index options, FII were net sellers to the tune of Rs. 796 crores; FIIs unwounded 2494 in Index call long, added 26477 in Index put long, added 9341 in Index call shorts and added 25960 in Index put shorts.

·        Looking into the option data, a sustain trade above 10985 will the open the upside of 11100. On the downside, immediate support stands around the level of 10800 and a sustain trade below 10800 will open the downside level of 10700-10670.

DERIVATIVE HIGHLIGHTS FOR 22-01-2019

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

·        Nifty OI PCR ratio decreased from 1.59 to 1.53.

·        Stocks seen long build-up includes Havells, Shree Cement, Amaraja, CONCOR, Mcdowell and Tata Comm. Stocks seen short build-up includes Pageind, Jublfood, Hidzinc, Adaniports, Cholafinance, Relinfra, M&M, ICICIPrulife, HCLTech and Ramcocem.

·        Option statistics: Nifty highest Call option OI for January 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 January series stand at 10500 strike price. In today’s trading session, Nifty 10800, 10900 and 11000 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. 460 crores in Index Futures; FIIs unwounded 5349 longs and added 313 shorts in Index futures. FII net long exposure in Index futures is at 46.2% vs. 50.5% at the beginning of the January series. In Index options, FII were net buyers to the tune of Rs. 1853 crores; FIIs added 4912 in Index call long, added 36321 in Index put long, added 4548 in Index call shorts and added 4325 in Index put shorts.

·        Looking into the option data, a sustain trade above 10985 will the open the upside of 11100. On the downside, immediate support stands in the vicinity of 10850-10800 level. 

DERIVATIVE HIGHLIGHTS FOR 21-01-2019

·        Nifty futures seen addition of 2 lacs in OI and Bank Nifty futures seen addition of 0.3 lacs in OI.

·        Nifty OI PCR ratio increased from 1.56 to 1.59.

·        Stocks seen long build-up includes Sreinfra, Asianpaint, Sunpharma, Justdial, Biocon, NIITTech, RBLBank, Lupin and HDFCBank. Stocks seen short build-up includes Bergerpaint, Amaraja, JISLJAL, Unionbank, Idea, RCom, Infibeam, Jublfood, Hindzinc and CONCOR.

·        Option statistics: Nifty highest Call option OI for January series stands at 11000 strike price. In today’s trading session, Nifty 10800, 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 January series stand at 10500 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.

·        In today’s trading session, FII were net buyers to the tune of Rs. 485 crores in Index Futures; FIIs added 3985 longs and unwounded 1646 shorts in Index futures. FII net long exposure in Index futures is at 46.8% vs. 50.5% at the beginning of the January series. In Index options, FII were net buyers to the tune of Rs. 645 crores; FIIs added 12903 in Index call long, unwounded 1534 in Index put long, unwounded 676 in Index call shorts and added 5065 in Index put shorts.

·        As mentioned, Nifty does move towards the level of 10985, vindicating our view. Looking into the option data, a sustain trade above 10985 will the open the upside of 11100. On the downside, immediate support stands around the 10900 level abd below that 10800 level.  

DERIVATIVE HIGHLIGHTS FOR 18-01-2019

·        Nifty futures seen addition of 2 lacs in OI and Bank Nifty futures seen unwinding of 1 lakh in OI.

·        Nifty OI PCR ratio increased from 1.52 to 1.56.

·        Stocks seen long build-up includes Apollo Hospital, Asianpaint, Sreinfra, Wipro and Cummins. Stocks seen short build-up includes Sunpharma, Suntv, IndianB, GAIL, Syndibank, Ultracement, RelCapital, TV18BRDCST, ALBK, Exideind and OFSS.

·        Option statistics: Nifty highest Call option OI for January series stands at 11000 strike price. In today’s trading session, Nifty 10800 and 10900 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the January series stand at 10500 strike price. In today’s trading session, Nifty 10700 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. 398 crores in Index Futures; FIIs unwounded 959 longs and added 3028 shorts in Index futures. FII net long exposure in Index futures is at 46.2% vs. 50.5% at the beginning of the January series. In Index options, FII were net sellers to the tune of Rs. 1055 crores; FIIs added 3118 in Index call long, unwounded 1539 in Index put long, added 3053 in Index call shorts and added 10601 in Index put shorts.

·        Looking into the option data and FII statistics, Nifty is trading in the range of 10930-10850 level and a break of this range on either side will give direction to the market. On the upside, a sustain trade above 10930 likely to take Nifty towards the level of 10985-11100 level. On the downside, Nifty has support in the vicinity of 10800-10850 level. 

DERIVATIVE HIGHLIGHTS FOR 17-01-2019

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

·        Nifty OI PCR ratio increased from 1.54 to 1.52.

·        Stocks seen long build-up includes Amaraja, Nestle, Hexaware, Chennai Petro, LICHSGFIN, Axisbank and MGL. Stocks seen short build-up includes Federalbank, L&TFH, TV18BRDCST, Relinfra, Exideind, ACC, Pageind, Escort, Raymond, Torntpower and Enginerind.

·        Option statistics: Nifty highest Call option OI for January series stands at 11000 strike price. In today’s trading session, Nifty 10700 and 10800 call options seen unwinding in OI with IV decreasing indicates profit booking of option. Nifty highest Put Option OI for the January series stand at 10500 strike price. In today’s trading session, Nifty 10700 and 10900 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. 599 crores in Index Futures; FIIs unwounded 787 longs and added 7147 shorts in Index futures. FII net long exposure in Index futures is at 46.6% vs. 50.5% at the beginning of the January series. In Index options, FII were net buyers to the tune of Rs. 620 crores; FIIs unwounded 2788 in Index call long, unwounded 10095 in Index put long, added 1619 in Index call shorts and added 6417 in Index put shorts.

·        Looking into the option data, Nifty does cross the immediate resistance and is likely to move towards the level of 10950-10985. On the downside, immediate support stands around the 10800 level and below that 10675 level. 

DERIVATIVE HIGHLIGHTS FOR 16-01-2019

·        Nifty futures seen addition of 5 lacs in OI and Bank Nifty futures seen addition of 0.8 lacs in OI.

·        Nifty OI PCR ratio increased from 1.51 to 1.54.

·        Stocks seen long build-up includes Torntpharma, Justdial, Ramcocem, Tata Comm, Indigo, L&TFH, Apollo Hospital, KPIT and Relinfra. Stocks seen short build-up includes DCBBank, Mindtree, Ajantpharma, Paageind, Cummins, Torntpower and Nestleind.

·        Option statistics: Nifty highest Call option OI for January 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 January series stand at 10500 strike price. In today’s trading session, Nifty 10800 and 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. 818 crores in Index Futures; FIIs added 8542 longs and added 20648 shorts in Index futures. FII net long exposure in Index futures is at 47.4% vs. 50.5% at the beginning of the January series. In Index options, FII were net buyers to the tune of Rs. 366 crores; FIIs added 3734 in Index call long, added 10740 in Index put long, unwounded 547 in Index call shorts and added 9973 in Index put shorts.

·        Looking into the option data, Nifty does cross the immediate resistance and is likely to move towards the level of 10950-10985. On the downside, immediate support stands around the 10800 level and below that 10675 level. 

DERIVATIVE HIGHLIGHTS FOR 11-01-2019

·        Nifty futures seen unwinding of 3 lacs in OI and Bank Nifty futures seen unwinding of 0.7 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.46 to 1.39.

·        Stocks seen long build-up includes ICICIPrulife, Torntpharma, Mindtree, Muthootfinance, Godfreyphil and KPIT. Stocks seen short build-up includes Arvind, Justdial, ALBK, Jindalsteel, PcJeweller, Indusindbank, Shreecement, Bank India, Cummins and Auropharma.

·        Option statistics: Nifty highest Call option OI for January 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 January series stand at 10500 strike price. In today’s trading session, Nifty 10700 and 10900 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. 540 crores in Index Futures; FIIs unwounded 2238 longs and added 6188 shorts in Index futures. FII net long exposure in Index futures is at 48.2% vs. 50.5% at the beginning of the January series. In Index options, FII were net buyers to the tune of Rs. 218 crores; FIIs added 7619 in Index call long, added 12574 in Index put long, added 6029 in Index call shorts and added 7547 in Index put shorts.

·        Looking into the option data, Nifty immediate resistance stands around 10890. On the downside, immediate support stands around the 10734 level and below that 10630 level. 

DERIVATIVE HIGHLIGHTS FOR 08-01-2019

·        Nifty futures seen addition of 5 lacs in OI and Bank Nifty futures seen addition of 5.5 lacs in OI.

·        Nifty OI PCR ratio increased from 1.36 to 1.41.

·        Stocks seen long build-up includes ICICIBank, Orientbank UBL, Muthootfinance, MCX, Bank India and Justdial. Stocks seen short build-up includes Ceatltd, KSCL, Dishtv, India Cement, Havells, Apollo Tyre and Hindalco.

·        Option statistics: Nifty highest Call option OI for January 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 January series stand 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.

·        In today’s trading session, FII were net sellers to the tune of Rs. 418 crores in Index Futures; FIIs added 2857 longs and added 9686 shorts in Index futures. FII net long exposure in Index futures is at 48.1% vs. 50.5% at the beginning of the January series. In Index options, FII were net sellers to the tune of Rs. 488 crores; FIIs added 4935 in Index call long, added 3777 in Index put long, added 2311 in Index call shorts and added 10637 in Index put shorts.

·        Looking into the option data, Nifty immediate resistance stands in the vicinity of 10890-10924 level. On the downside, immediate support stands around the 10734 level and below that 10630 level. 

DERIVATIVE HIGHLIGHTS FOR 07-01-2019

·        Nifty futures seen unwinding of 1 lakh in OI and Bank Nifty futures seen unwinding of 0.1 lacs in OI.

·        Nifty OI PCR ratio increased from 1.34 to 1.36.

·        Stocks seen long build-up includes DCBBank, Indusindbank, Torntpharma, BEML, Torntpower, Dishtv, Repcohome and Bata India. Stocks seen short build-up includes Bergerpaint, Tata Elxsi, Indiacem, VGuard, Ceat, Eichermotor and Petronet.

·        Option statistics: Nifty highest Call option OI for January 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 January series stand 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.

·        In today’s trading session, FII were net buyers to the tune of Rs. 408 crores in Index Futures; FIIs added 6400 longs and added 1877 shorts in Index futures. FII net long exposure in Index futures is at 48.9% vs. 50.5% at the beginning of the January series. In Index options, FII were net buyers to the tune of Rs. 510 crores; FIIs added 7438 in Index call long, added 7817 in Index put long, added 2891 in Index call shorts and added 4039 in Index put shorts.

·        Looking into the option data, Nifty immediate resistance stands in the vicinity of 10890-10924 level. On the downside, immediate support stands around the 10630 level and below that 10535 level. 

DERIVATIVE HIGHLIGHTS FOR 04-01-2019

·        Nifty futures seen addition of 2 lacs in OI and Bank Nifty futures seen addition of 1.9 lacs in OI.

·        Nifty OI PCR ratio stands at 1.34.

·        Stocks seen long build-up includes Canbk, Tata Chem, IDBI, Syndibank, Muthootfinance, VEDL, Hindalco and Bank India. Stocks seen short build-up includes Mindtree, Petronet, Indusindbank, Shree Cement, Jublfood, L&TFH, Heromotor, Motherson, LT and Equitas.

·        Option statistics: Nifty highest Call option OI for January 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 January series stand at 10500 strike price. In today’s trading session, Nifty 10800 and 10900 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. 351 crores in Index Futures; FIIs added 3015 longs and added 8268 shorts in Index futures. FII net long exposure in Index futures is at 48.3% vs. 50.5% at the beginning of the January series. In Index options, FII were net sellers to the tune of Rs. 662 crores; FIIs added 6009 in Index call long, added 8201 in Index put long, added 10243 in Index call shorts and added 11652 in Index put shorts.

·        Looking into the option data, Nifty immediate resistance stands around the 10800 level and above that the resistance in the vicinity of 10890-10924 level. On the downside, immediate support around the 10630 level and below that 10535 level. 

DERIVATIVE HIGHLIGHTS FOR 03-01-2019

·        Nifty futures seen addition of 13 lacs in OI and Bank Nifty futures seen unwinding of 1.3 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.47 to 1.34.

·        Stocks seen long build-up includes Torntpharma, Bank India, Infratel, REC and Godfreyphil. Stocks seen short build-up includes JetAirways, M&M, Eichermotor, Berger, Jindal Steel, India Cem, JISLJAL, Hindalco, Tata Steel, NMDC, Ambuja Cement and Drreddy.

·        Option statistics: Nifty highest Call option OI for January 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 January series stand at 10500 strike price. In today’s trading session, Nifty 10800 and 10900 put options seen unwinding in OI with IV decreasing indicates profit booking of option.

·        As mentioned in the yesterday report, Nifty does slide towards the level of 10650, making a low of 10662, vindicating our view. Looking into the option data, Nifty immediate support stands around the 10660 and a sustain trade below this level can take Nifty towards the level of 10535. On the upside, immediate hurdle stands around the 10750 level and above that 10830 level. 

DERIVATIVE HIGHLIGHTS FOR 02-01-2019

·        Nifty futures seen addition of 9 lacs in OI and Bank Nifty futures seen unwinding of 0.9 lacs in OI.

·        Nifty OI PCR ratio decreased from 1.57 to 1.47.

·        Stocks seen long build-up includes Federal Bank, BEML, Asianpaint and NIITech. Stocks seen short build-up includes EicherMotor, Hindalco, Jublfood, Jet Airways, Voltas, COLPAL, Bergerpaint, Tata Steel, M&M, Bharat Forge, Ashok Leyland, VEDL and Dabur.

·        Option statistics: Nifty highest Call option OI for January series stands at 11200 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 January series stand at 10500 strike price. In today’s trading session, Nifty 10800, 10900 and 11000 put options seen unwinding in OI with IV increasing indicates covering by writers of option.

·        In today’s trading session, FII were net sellers to the tune of Rs. 817 crores in Index Futures; FIIs added 8821 longs and added 19521 shorts in Index futures. FII net long exposure in Index futures is at 49.9% vs. 50.5% at the beginning of the January series. In Index options, FII were net buyers to the tune of Rs. 81 crores; FIIs added 6345 in Index call long, added 16623 in Index put long, added 5671 in Index call shorts and added 15577 in Index put shorts.

·        Looking into the option data, Nifty immediate support stands around the 10730 level and below that 10650 level will the crucial support level to watch out. On the upside, immediate resistance stands around the 10850 level and above that 10925-10980 level. 

DERIVATIVE HIGHLIGHTS FOR 01-01-2019

·        Nifty futures seen unwinding of 1lacs in OI and Bank Nifty futures seen addition of 1.9 lacs in OI.

·        Nifty OI PCR ratio increased from 1.53 to 1.57.

·        Stocks seen long build-up includes Escorts, IndianB, Canbk, Unionbank, KSCL, Orientbank, IFCI and Bank Baroda. Stocks seen short build-up includes ACC, M&M, Dabur, Torntpower, Shree Cement, Indusindbank and MRF.

·        Option statistics: Nifty highest Call option OI for January series stands at 11200 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 January 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.

·        In today’s trading session, FII were net sellers to the tune of Rs. 476 crores in Index Futures; FIIs unwounded 4568 longs and added 2553 shorts in Index futures. FII net long exposure in Index futures is at 51.6% vs. 50.5% at the beginning of the January series. In Index options, FII were net buyers to the tune of Rs. 403 crores; FIIs added 2005 in Index call long, added 2303 in Index put long, unwounded 1725 in Index call shorts and unwounded 847 in Index put shorts.

·        Looking into the option data, Nifty likely to move towards the level of 10980. On the downside, immediate support stands around the 10800 level and below that 10730 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.