Derivative Report
Mar 24, 2015
Nifty Vs OI
Comments
The Nifty futures open interest has decreased by 0.86%
BankNifty futures open interest has increased by 4.17%
as market closed at 8550.90 levels.
The Nifty March future closed at premium of
14.10
points against a premium of 31.15 points. The April
series closed at a premium of 87.25 points.
The Implied Volatility of at the money options has
decreased from 14.77% to 14.66%.
Nifty PCR-OI has decreased from 0.87 to 0.85 levels.
The total OI of the market is Rs. 2,51,150/- cr. and the
stock futures OI is Rs. 73,575/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPPOWER, UNITECH, MCLEODRUSS,
HDFCBANK and TATAPOWER.
View
OI Gainers
FIIs continue to buy in cash market segment of worth
OI
PRICE
SCRIP
OI
CHANGE
PRICE
CHANGE
Rs. 417 crores. In Index Futures they were net sellers
(%)
(%)
of Rs. 427 crores with fall in open interest suggesting
long unwinding took place in last trading session.
UBL
1075500
23.55
966.90
-1.91
In Index Options they sold of worth Rs. 258 crores
CENTURYTEX
7815500
12.92
565.90
2.75
with marginal change in open interest indicating
ALBK
9960000
9.96
99.65
-3.67
again mix of long unwinding and short formation. In
call options
8600 &
8650 strikes added huge
ZEEL
10886000
9.29
351.90
-0.82
buildup, followed by unwinding in 8800-9000 call
UNITECH
196353000
9.18
17.45
-2.79
options indicating these call buyers have left hopes of
market to breach these levels. On the other hand in
put options 8450 strike added good amount buildup
OI Losers
while some unwinding was visible in 8600 and 8700
OI
PRICE
put options. Maximum buildup in current series is
SCRIP
OI
CHANGE
PRICE
CHANGE
seen in 9000 call & 8500 put option.
(%)
(%)
TITAN
8452000
-6.73
391.10
-0.61
Seeing continuous long unwinding in Index Futures
and also in higher call options we believe one should
BHARATFORG
3329000
-6.22
1298.65
0.82
avoid forming long at current levels. 8500-8550 of
MARUTI
3154125
-5.92
3601.10
-0.80
Nifty and 18400-18500 of Banknifty are the major
support.
HCLTECH
13281500
-5.89
971.95
-1.24
CESC
1945500
-5.51
601.40
1.29
Put-Call Ratio
Historical Volatility
SCRIP
PCR-OI
PCR-VOL
SCRIP
HV
NIFTY
0.85
0.77
AMTEKAUTO
56.71
BANKNIFTY
0.60
0.65
HAVELLS
40.60
RELIANCE
0.46
0.62
GLENMARK
41.95
SBIN
0.30
0.40
MRF
38.84
ITC
0.31
0.33
TECHM
33.86
1
Derivative Report
Mar 24, 2015
Strategy Date
Symbol
Strategy
Status
02-03-2015
NIFTY
Long Put
Profit booked on 10-03-15
09-03-2015
HEROMOTOCO
Long Call Ladder
Open
16-03-2015
NIFTY
Long Call
Open
23-03-2015
LT
Long Call
Open
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 Pvt. 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 Pvt. 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 Pvt. 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 Pvt. Limited endeavours 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 Pvt. 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 Pvt. 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 Pvt. 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
