DERIVATIVE HIGHLIGHTS FOR 28-02-2019
·
The market-wide position in the derivative segment at the beginning of
the March series vis-à-vis February series stands at:
|
Particulars
|
March
Series
|
February
Series
|
%
Change
|
|
OVERALL
OI IN NO. OF SHARES (Cr.)
|
465.59
|
502.39
|
-7.32%
|
|
NIFTY
FUT OI IN NO. OF SHARES (Cr.)
|
1.49
|
1.87
|
-20.32%
|
|
STOCK
FUT OI IN NO. OF SHARES (Cr.)
|
401.79
|
440.23
|
-8.73%
|
|
BANK
NIFTY FUT OI (No. in Mn)
|
1.19
|
1.44
|
-17.36%
|
|
CALL
OPTION OI IN NO. OF SHARES (Cr.)
|
2.79
|
2.84
|
-1.76%
|
|
PUT
OPTION OI IN NO. OF SHARES (Cr.)
|
4.78
|
4.70
|
1.70%
|
|
OI
(Rs. in crores)
|
231958.00
|
242855.00
|
-4.49%
|
|
NIFTY
CLOSING
|
10792.50
|
10830.95
|
-0.36%
|
·
The overall rollover for the March Series stands at 85% vs. 88% in the
last series and also lowers than the 3M Average of 87%. Nifty rollover is also
on the lower side at 60% vs. 62% in the last series and also lowers than the 3M
Average of 69%. Bank Nifty rollover for the new series is at 76% vs. 77% in the
last series and higher than the 3M Average of 73%.
·
Nifty OI PCR Ratio stands at 1.71.
·
Option statistics: Nifty highest Call option OI for March 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 March 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 face resistance around the
level of 10940. On the downside, Nifty immediate support stands around the
10700 level.
DERIVATIVE HIGHLIGHTS FOR 26-02-2019
·
Nifty futures seen unwinding of 9 lacs in OI and Bank Nifty futures seen
unwinding of 1.1 lacs in OI.
·
Nifty OI PCR ratio decreased from 1.46 to 1.40.
·
Nifty OI Stocks seen long build-up includes Godrejind, Relinfra, Tata
Mtrdvr, ACC, TV18, Balkrishna, BOSCH and ZEEL. Stocks seen short build-up
includes Godfrey, Kotakbank, VEDL, Repcohome, Hindpetro, TVSMotor, Adaniport
and Castrol.
·
Option statistics: Nifty highest Call option OI for February series
stands at 11000 strike price. In today’s trading session, Nifty 10900 call
options seen addition in OI with IV increasing indicates buying of option.
Nifty highest Put Option OI for the February series stand at 10400 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.
·
In today’s trading session, FII were net sellers to the tune of Rs. 698
crores in Index Futures; FIIs unwounded 3086 longs and added 5634 shorts in
Index futures. FII net long exposure in Index futures stands at 47.7% vs. 40.9%
at the beginning of the February series. In Index options, FII were net sellers
to the tune of Rs. 572 crores; FIIs unwounded 3389 in Index call long,
unwounded 1679 in Index put long, unwounded 728 in Index call shorts and added
5261 in Index put shorts.
·
Looking into the option data, Nifty likely to face resistance around the
level of 10900. On the downside, Nifty immediate support stands around the
10700 level.
DERIVATIVE HIGHLIGHTS FOR 25-02-2019
·
Nifty futures seen addition of 3 lacs in OI and Bank Nifty futures seen
unwinding of 1 lakh in OI.
·
Nifty OI PCR ratio increased from 1.25 to 1.46.
·
Nifty OI Stocks seen long build-up includes DCBBank, CGPower, MGL, IDFC,
Motherson, PNB, Tata Chem, Tata Comm, Torntpharma, Apollo Hospital, NTPC and
Mindtree. Stocks seen short build-up includes Adaniport, Ujjivan, SAIL, ACC,
Relinfra, Jublfood, Auropharma, KSCL and OIL.
·
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 unwinding in OI with IV increasing indicates
covering by writers of option. Nifty highest Put Option OI for the February
series stand at 10700 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 buyers to the tune of Rs. 297
crores in Index Futures; FIIs added 2218 longs and added 230 shorts in Index
futures. FII net long exposure in Index futures stands at 48.8% vs. 40.9% at
the beginning of the February series. In Index options, FII were net sellers to
the tune of Rs. 205 crores; FIIs added 12587 in Index call long, unwounded
14764 in Index put long, unwounded 6026 in Index call shorts and added 3700 in
Index put shorts.
·
Looking into the option data, Nifty likely to move towards the level of
10920. On the downside, Nifty immediate support stands around the 10750 level
and below that 10600 level.
DERIVATIVE HIGHLIGHTS FOR 22-02-2019
·
Nifty futures seen unwinding of 4 lacs in OI
and Bank Nifty futures seen addition of 1 lakh in OI.
·
Nifty OI PCR ratio decreased from 1.40 to
1.25.
·
Nifty OI Stocks seen long build-up
includes Dishtv, BEML, Southbank, VGuard, PEL, IndiaCement Tata Mtrdvr,
Drreddy, REC and Hindalco. Stocks seen short build-up includes Kotakbank,
Arvind, MRPL, ACC, Ajanta Pharma and TV18.
·
Option statistics: Nifty highest Call
option OI for February series stands at 11000 strike price. In today’s trading
session, Nifty 10700 and 10800 call options seen addition in OI with IV decreasing
indicates writing of option. Nifty highest Put Option OI for the February
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.
·
In today’s trading session, FII were net buyers to the tune of Rs. 76
crores in Index Futures; FIIs unwounded 553 longs and unwounded 1424 shorts in
Index futures. FII net long exposure in Index futures stands at 48.5% vs. 40.9%
at the beginning of the February series. In Index options, FII were net buyers
to the tune of Rs. 6 crores; FIIs unwounded 3551 in Index call long, added 2474
in Index put long, added 4134 in Index call shorts and unwounded 9230 in Index
put shorts.
·
Looking into the option data, Nifty likely to face resistance around the
10860 level and above that 10920 level. On the downside, Nifty immediate support
stands around the 10700 level and below that 10600 level.
DERIVATIVE HIGHLIGHTS FOR 21-02-2019
·
Nifty futures seen unwinding of 3 lacs in OI and Bank Nifty futures seen
unwinding of 1 lakh in OI.
·
Nifty OI PCR ratio increased from 1.30 to 1.38.
·
Nifty OI Stocks seen long build-up includes Ramco Cement, Just Dial,
Apollo hospital, ALbk, Canfinhomes, JPAssociate, Manapputam, Bank India,
Muthootfinance, Suzlon and Marico. Stocks seen short build-up includes
Torntpower, Cholafinance, GodrejCP, Divislab, Godrejind and TVSMotor.
·
Option statistics: Nifty highest Call option OI for February 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 February series stand at
10700 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.
·
In today’s trading session, FII were net sellers to the tune of Rs. 472
crores in Index Futures; FIIs unwounded 8074 longs and unwounded 2074 shorts in
Index futures. FII net long exposure in Index futures stands at 48.4% vs. 40.9%
at the beginning of the February series. In Index options, FII were net buyers
to the tune of Rs. 1563 crores; FIIs unwounded 11623 in Index call long,
unwounded 29057 in Index put long, unwounded 9213 in Index call shorts and
unwounded 13685 in Index put shorts.
·
As mentioned, Nifty does move towards the level of 10790, vindicating
our view. Looking into the option data, Nifty likely to move towards the
resistance level of 10850. On the downside, Nifty immediate support stands
around the 10690 level.
DERIVATIVE HIGHLIGHTS FOR 20-02-2019
·
Nifty futures seen unwinding of 1 lakh in OI and Bank Nifty futures seen
unwinding of 1.2 lacs in OI.
·
Nifty OI PCR ratio increased from 1.12 to 1.30.
·
Nifty OI Stocks seen long build-up includes Exideind, Jindal Steel,
KPIT, BPCL, Torntpower, Indigo, ALBK, Justdial, Apollo Tyre and OIL. Stocks
seen short build-up includes Jublfood, TVSmotor, Petronet, DCBbank, Heromotor,
Marico, Nationalum, RelCapital and Bajaj Auto.
·
Option statistics: Nifty highest Call option OI for February 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 February series stand at
10400 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.
·
In today’s trading session, FII were net buyers to the tune of Rs. 746
crores in Index Futures; FIIs added 6100 longs and unwounded 2698 shorts in
Index futures. FII net long exposure in Index futures stands at 49.2% vs. 40.9%
at the beginning of the February series. In Index options, FII were net buyers
to the tune of Rs. 2206 crores; FIIs added 22288 in Index call long, added 7391
in Index put long, unwounded 2652 in Index call shorts and added 640 in Index
put shorts.
·
Looking into the option data, Nifty immediate support stands around the
10600 level. On the upside, Nifty does cross the immediate resistance of 10722
and the next resistance level to watch out will be 10790-10850 level.
DERIVATIVE HIGHLIGHTS FOR 19-02-2019
·
Nifty futures seen addition of 1 lakh in OI and Bank Nifty futures seen
unwinding of 0.6 lacs in OI.
·
Nifty OI PCR ratio decreased from 1.14 to 1.12.
·
Nifty OI Stocks seen long build-up includes Engineers India, IRB, PFC,
BPCL, Mindtree, Cholafinance, Divislab, Infratel and RECLtd. Stocks seen short
build-up includes KSCL, NTPC, TCS, Equitas, Indigo, KPIT, MRPL, BEML,
Ajantapharma and Infy.
·
Option statistics: Nifty highest Call option OI for February series
stands at 11000 strike price. In today’s trading session, Nifty 10600 and 10700
call options seen addition in OI with IV decreasing indicates writing of option.
Nifty highest Put Option OI for the February series stand at 10400 strike
price. In today’s trading session, Nifty 10700 and 10800 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. 774
crores in Index Futures; FIIs added 5051 longs and unwounded 6737 shorts in
Index futures. FII net long exposure in Index futures stands at 48.1% vs. 40.9%
at the beginning of the February series. In Index options, FII were net sellers
to the tune of Rs. 156 crores; FIIs unwounded 999 in Index call long, unwounded
6203 in Index put long, added 961 in Index call shorts and unwounded 4412 in
Index put shorts.
·
Looking into the option data, Nifty immediate support stands around the
10600 level and a sustain trade below 10600 level will open the downside level
of 10530-10400. On the upside, Nifty immediate resistance stands around the
10722 level.
DERIVATIVE HIGHLIGHTS FOR 18-02-2019
·
Nifty futures seen addition of 9 lacs in OI and Bank Nifty futures seen
addition of 0.4 lacs in OI.
·
Nifty OI PCR ratio decreased from 1.30 to 1.14.
·
Nifty OI Stocks seen long build-up includes IGL, Relinfra, Nationalum,
Bata India, Dishtv, RelCapital and ZEEL. Stocks seen short build-up includes
Ambuja Cement, KPIT, IDBI, IRB, Kajaria, Ajantapharma, Engineersindia, ITC,
Torntpower, NHPC, ALBK and Mindtree.
·
Option statistics: Nifty highest Call option OI for February 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 February series stand at 10400
strike price. In today’s trading session, Nifty 10600, 10700 and 10800 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. 434
crores in Index Futures; FIIs unwounded 39 longs and added 6168 shorts in Index
futures. FII net long exposure in Index futures stands at 46.6% vs. 40.9% at
the beginning of the February series. In Index options, FII were net sellers to
the tune of Rs. 488 crores; FIIs unwounded 430 in Index call long, added 7507
in Index put long, added 6938 in Index call shorts and added 5401 in Index put
shorts.
·
Looking into the option data, Nifty immediate support stands around the
10600 level and a sustain trade below 10600 level will open the downside level
of 10500. On the upside, Nifty immediate resistance stands around the 10800
level and above that 10860 level will be the crucial resistance to watch out.
DERIVATIVE HIGHLIGHTS FOR 15-02-2019
·
Nifty futures seen addition of 2 lacs in OI and Bank Nifty futures seen
addition of 1.4 lacs in OI.
·
Nifty OI PCR ratio increased from 1.11 to 1.30.
·
Nifty OI Stocks seen long build-up includes Infibeam, IGL, Ramcoem,
Amaraja, Nationalum, Tata Power and Ambuja Cement. Stocks seen short build-up
includes Pageind, TVSMotor, IndianB, Chennai Petro, DCBBank, Glenmark, Drreddy,
CONCOR, Engineersind, Ajanta Pharma and Biocon.
·
Option statistics: Nifty highest Call option OI for February series
stands at 11000 strike price. In today’s trading session, Nifty 10700 and 10800
call options seen addition in OI with IV decreasing indicates writing of
option. Nifty highest Put Option OI for the February series stand at 10700
strike price. In today’s trading session, Nifty 10800 and 10900 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. 1055
crores in Index Futures; FIIs added 649 longs and added 13865 shorts in Index
futures. FII net long exposure in Index futures stands at 47.4% vs. 40.9% at
the beginning of the February series. In Index options, FII were net sellers to
the tune of Rs. 618 crores; FIIs unwounded 3754 in Index call long, added 14634
in Index put long, added 7393 in Index call shorts and added 10082 in Index put
shorts.
·
As mentioned, Nifty does achieved the target of 10675, vindicating our
view. Looking into the option data, Nifty immediate support stands around the
10600 level. On the upside, Nifty immediate resistance stands around the 10800
level and above that 10860 level will be the crucial support to watch out.
DERIVATIVE HIGHLIGHTS FOR 14-02-2019
·
Nifty futures seen unwinding of 9 lacs in OI and Bank Nifty futures seen
unwinding of 1.8 lacs in OI.
·
Nifty OI PCR ratio decreased from 1.18 to 1.11.
·
Nifty OI Stocks seen long build-up includes LT, IGL, NTPC, DCBbank,
CONCOR, PcJeweller, RECLTD, Engineersindia and UBL. Stocks seen short build-up
includes Nationalum, Powergrid, KSCL, GAIL, ONGC, Coal India, Repcohome, BPCL,
Torntpower, IOC and NHPC.
·
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 increasing indicates buying
of option. Nifty highest Put Option OI for the February series stand at 10700
strike price. In today’s trading session, Nifty 10700 and 10800 put options
seen addtion in OI with IV decreasing indicates writing of option.
·
Looking into the option data, Nifty does break the support level and is
likely to move towards the level of 10700-10675. On the upside, Nifty immediate
resistance stands around the 10860 level.
DERIVATIVE HIGHLIGHTS FOR 13-02-2019
·
Nifty futures seen addition of 5 lacs in OI and Bank Nifty futures OI
remains flat at 1.70 mn.
·
Nifty OI PCR ratio decreased from 1.35 to 1.18.
·
Nifty OI Stocks seen long build-up includes Bata India, NHPC, UBL,
Infibeam and ALBK. Stocks seen short build-up includes NTPC, Voltas, BPCL,
COLPAL, Ajanta Pharma, VGuard, PcJeweller, Nationalum, ONGC, JISLJAL, Engineersindia,
CGPower and Power Grid.
·
Option statistics: Nifty highest Call option OI for February 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 February series stand at 10400 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 buyers to the tune of Rs. 397
crores in Index Futures; FIIs added 10442 longs and added 4193 shorts in Index
futures. FII net long exposure in Index futures stands at 54.9% vs. 40.9% at
the beginning of the February series. In Index options, FII were net sellers to
the tune of Rs. 415 crores; FIIs unwounded 2611 in Index call long, added 2016
in Index put long, added 3236 in Index call shorts and added 4534 in Index put
shorts.
·
Looking into the option data, Nifty does break the support level and is
likely to move towards the level of 10700-10675. On the upside, Nifty immediate
resistance stands around the 10930 level.
DERIVATIVE HIGHLIGHTS FOR 12-02-2019
·
Nifty futures OI remains flat at 2.36 crores and Bank Nifty seen
unwinding of 0.1 lacs in OI.
·
Nifty OI PCR ratio remains flat at 1.35.
·
Nifty OI Stocks seen long build-up includes Bata India, NTPC,
Muthootfinance, RamcCement, Sunpharma and Canfinhomes. Stocks seen short
build-up includes Relinfra, MGL, Escorts, Nationalum, KSCL, ALBK, ONGC, Tata
Chemical, Canbank and Axis Bank.
·
Option statistics: Nifty highest Call option OI for February 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 February series stand at 10400 strike
price. In today’s trading session, Nifty 10800 and 11000 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. 402
crores in Index Futures; FIIs added 6485 longs and unwounded 637 shorts in
Index futures. FII net long exposure in Index futures stands at 54.3% vs. 40.9%
at the beginning of the February series. In Index options, FII were net buyers
to the tune of Rs. 607 crores; FIIs added 2076 in Index call long, added 19988
in Index put long, added 10662 in Index call shorts and added 1814 in Index put
shorts.
·
Looking into the option data, Nifty immediate support hold in the
vicinity of 10800-10840 and a sustain trade below 10800 likely to take Nifty
towards the level of 10675. On the upside, Nifty immediate resistance stands
around the 11000 level.
DERIVATIVE HIGHLIGHTS FOR 11-02-2019
·
Nifty futures seen addition of 8 lacs in OI and Bank Nifty seen
unwinding of 0.5 lacs in OI.
·
Nifty OI PCR ratio decreased from 1.59 to 1.35.
·
Nifty OI Stocks seen long build-up includes Powergrid, Suntv, Idea,
BEML, NMDC and Cipla. Stocks seen short build-up includes Apollo Hospital,
Nationalum, Kajaria, IGL, LT, BPCL, NTPC, Ujjivan, Torntpower and Bergerpaint.
·
Option statistics: Nifty highest Call option OI for February 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 February series stand at 10400 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.
·
Looking into the option data, Nifty immediate support hold in the
vicinity of 10800-10840 and a sustain trade below 10800 likely to take Nifty
towards the level of 10675. On the upside, Nifty immediate resistance stands
around the 11000 level.
DERIVATIVE HIGHLIGHTS FOR 06-02-2019
·
Nifty futures seen addition of 25 lacs in OI and Bank Nifty seen
addition of 1.6 lacs in OI.
·
Nifty OI PCR ratio increased from 1.68 to 1.82.
·
Nifty OI Stocks seen long build-up includes Cipla, CESC, TechM, SRF,
Dishtv, Godfreyphilip, Bata India, Havells and Rpower. Stocks seen short
build-up includes Muthootfinance, RelInfra, Exideind, Voltas, UBL, CONCOR,
Indusinbank and STAR.
·
Option statistics: Nifty highest Call option OI for February series
stands at 11000 strike price. In today’s trading session, Nifty 10900 and 11100
call options seen unwinding in OI with IV increasing indicates covering by
writers of option. Nifty highest Put Option OI for the February series stand at
10700 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. 2818
crores in Index Futures; FIIs added 34055 longs and added 1105 shorts in Index
futures. FII net long exposure in Index futures stands at 51.6% vs. 40.9% at
the beginning of the February series. In Index options, FII were net buyers to
the tune of Rs. 263 crores; FIIs added 7621 in Index call long, added 7826 in
Index put long, unwounded 188 in Index call shorts and added 9306 in Index put
shorts.
·
As mentioned, Nifty does cross the resistance of 10985 and is likely to
move towards the level of 11100. On the downside, immediate support stands
around the 10890 level and below that 10800 level.
DERIVATIVE HIGHLIGHTS FOR 05-02-2019
·
Nifty futures seen addition of 5 lacs in OI and Bank Nifty seen addition
of 1.1 lacs in OI.
·
Nifty OI PCR ratio increased from 1.67 to 1.68.
·
Nifty OI Stocks seen long build-up includes IGL, Power Grid, SRF, PNB,
Drreddy and Indusindbank. Stocks seen short build-up includes Rpower,
PcJeweller, Jet Airways, ACC, Justdial, Tata Global, Marico, L&TFH, NHPC,
Bata India, BEML and Ajanta Pharma.
·
Option statistics: Nifty highest Call option OI for February 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 profit
booking of option. Nifty highest Put Option OI for the February series stand at
10700 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. 795
crores in Index Futures; FIIs added 10831 longs and added 2494 shorts in Index
futures. FII net long exposure in Index futures stands at 46.4% vs. 40.9% at
the beginning of the February series. In Index options, FII were net buyers to
the tune of Rs. 174 crores; FIIs added 6509 in Index call long, added 150 in
Index put long, added 1151 in Index call shorts and added 5283 in Index put
shorts.
·
Looking into the option data, immediate resistance stands at 10985
levels and a sustain trade above 10985 level will open the upside of 11100
level. On the downside, immediate support stands around the 10810 level and
below that 10700 level.
DERIVATIVE HIGHLIGHTS FOR 04-02-2019
·
Nifty futures seen addition of 4 lacs in OI and Bank Nifty seen addition
of 2 lacs in OI.
·
Nifty OI PCR ratio increased from 1.63 to 1.67.
·
Nifty OI Stocks seen long build-up includes DHFL, Bata India, Amaraja,
ONGC, Muthootfinance and Divislab. Stocks seen short build-up includes CONCOR,
VGuard, RPower, Marico, Apollo Tyre, Ajanta Pharma, RelCapital, Exideind, Petronet
and IBullhsgfin.
·
Option statistics: Nifty highest Call option OI for February 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 February 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.
·
In today’s trading session, FII were net sellers to the tune of Rs. 185
crores in Index Futures; FIIs added 1808 longs and added 4526 shorts in Index
futures. FII net long exposure in Index futures stands at 44.8% vs. 40.9% at
the beginning of the February series. In Index options, FII were net buyers to
the tune of Rs. 1187 crores; FIIs added 16819 in Index call long, added 10742
in Index put long, added 13482 in Index call shorts and added 11077 in Index
put shorts.
·
Looking into the option data, immediate resistance stands at 10985
levels and a sustain trade above 10985 level will open the upside of 11100
level. On the downside, immediate support stands around the 10700 level and
below that 10580 level.
DERIVATIVE HIGHLIGHTS FOR 01-02-2019
·
Nifty futures seen addition of 8 lacs in OI and Bank Nifty seen addition
of 1 lakh in OI.
·
Stocks seen long build-up includes Heromotor, Jet Airways, Equitas,
Escorts, Ashok Leyland, CeatLtd, Pidilite, Syndicate bank and Powergrid. Stocks
seen short build-up includes VEDL, SBIN, Hind Zinc, DHFL, Torntpharma, IDBI,
Canbank and Ajanta Pharma.
·
Option statistics: Nifty highest Call option OI for February 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 February series stand at 10700
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 buyers to the tune of Rs. 1711
crores in Index Futures; FIIs added 20534 longs and unwounded 393 shorts in
Index futures. FII net long exposure in Index futures at the beginning of the
February series stands at 40.9% vs. 50.5% at the beginning of the January
series. In Index options, FII were net buyers to the tune of Rs. 80 crores;
FIIs added 16819 in Index call long, added 10742 in Index put long, added 13482
in Index call shorts and added 11077 in Index put shorts.
·
As mentioned, Nifty does move towards the level of 10985, making a high
of 10983, vindicating our view. Looking into the option data, immediate
resistance stands at 10985 levels and a sustain trade above 10985 level will
open the upside of 11100 level. On the downside, immediate support stands
around the 10700 level and below that 10580 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.
