Derivative Report
May 31, 2013
Comments
Nifty Vs OI
The Nifty futures open interest decreased by
37.08%
while BankNifty futures open interest is decreased by
28.44% as market closed at 6124.05 levels.
The Nifty Jun future closed at premium of 7.20 point
against a premium of 6.10 points. The July series closed
at a premium of 14.60 points.
The Implied Volatility of at the money options has
decreased from 18.10% to 14.62%.
Nifty PCR-OI has decreased from 1.24 to 1.16 levels.
The total OI of the market is Rs. 1,04,148/- cr. and the
stock futures OI is Rs.28,295/- cr.
Few of the liquid counters where we have seen high cost
of carry are RENUKA, JISLALEQS,
INDHOTEL, NHPC
and CHAMBLEFERT.
View
OI Gainers
FII’s have formed fresh long positions in yesterday’s
OI
PRICE
segment and they continue to buy in cash market
SCRIP
OI
CHANGE
PRICE
CHANGE
segment. Surprisingly we have seen rise in open
(%)
(%)
interest in FII’s data on expiry day which is generally
not the case.
TATAGLOBAL
20892000
0.27
148.00
3.15
Call option activity is increasing in 6300 strike and
-
-
-
-
-
some interest is visible in 6400 too. In put options too
-
-
-
-
-
built-up has been scattered, 6000 strike is emerging
as a strong contender to be viewed as immediate
-
-
-
-
-
support level for the markets.
-
-
-
-
-
NMDC has been correcting from 130 odd levels and
has seen lot of addition of short positions. Stock has
OI Losers
found support around 116 levels and may continue
OI
PRICE
its bounce due to short covering. We suggest going
SCRIP
OI
CHANGE
PRICE
CHANGE
long in counter around 119-120 with stop loss of
(%)
(%)
116 and target of 129.
EXIDEIND
1046000
-46.25
138.35
-0.11
PETRONET
1650000
-45.04
143.05
0.11
ASIANPAINT
236875
-43.25
4913.60
1.92
ONGC
7953000
-43.22
333.90
-0.36
AXISBANK
3709250
-43.11
1432.70
-1.66
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
1.16
1.09
CIPLA
34.61
BANKNIFTY
0.74
0.80
M&M
38.00
SBIN
0.44
0.39
TATAMTRDVR
37.36
HINDUNILVR
0.93
0.59
TATAMOTORS
41.20
INFY
0.52
0.55
TATASTEEL
40.99
1
Derivative Report
May 31, 2013
Strategy Date
Symbol
Strategy
Status
29-Apr-2013
TCS
Bull Call Spread
Profit booked on 02-May-2013
06-May-2013
DLF
Bull Call Spread
Profit booked on 16-May-2013
13-May-2013
RELIANCE
Ratio Put Spread
Position squared off
20-May-2013
NIFTY
Ratio Call Spread
Loss on expiry
27-May-2013
BANKNIFTY
Long Call
Loss on expiry
Research Team Tel: 022 - 39357800
DISCLAIMER
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Angel Broking Limited, its affiliates, directors, its proprietary trading and investment businesses may, from time to time, make
investment decisions that are inconsistent with or contradictory to the recommendations expressed herein. The views contained in
this document are those of the analyst, and the company may or may not subscribe to all the views expressed within.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
fundamentals.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this
report. Angel Broking Limited has not independently verified all the information contained within this document. Accordingly, we
cannot testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this
document. While Angel Broking Limited endeavors to update on a reasonable basis the information discussed in this material, there
may be regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Angel Broking Limited and its affiliates may seek to provide or have engaged in providing corporate finance, investment banking or
other advisory services in a merger or specific transaction to the companies referred to in this report, as on the date of this report or
in the past.
Neither Angel Broking Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or
in connection with the use of this information.
Note: Please refer to the important `Stock Holding Disclosure' report on the Angel website (Research Section). Also, please refer to
the latest update on respective stocks for the disclosure status in respect of those stocks. Angel Broking Limited and its affiliates may
have investment positions in the stocks recommended in this report.
Derivative Research Team
For Private Circulation Only
SEBI Registration No:
INB 010996539
3
