Keynote derivatives daily report for 050612

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  • 1. Daily DerivativesOutlook 5th June 2012 Nifty Analysis Equity Index, Sectors and Currency OverviewMax Call OI 5000 5100 5200 Niftyand Bank nifty saw narrowing discount with marginalMax Put OI 4500 4800 4600 increase in open interest indicating short covering. 5100 to 5200 CEWriting 4200 to 4800 PE Select Cement, Oil Marketing and PSU Financials sawBuying 4600 to 5000 CE long buildup. 5300 and 5400 CEUnwinding 4900 and 5100 PE Select stocks from the FMCG, Telcom, Metals, Gas andEquilibrium 4900(unchanged) Power sectors saw short buildup.FuturesDiscount Discount 8vs Discount 17 USD/INR saw long buildup with open interest rising byFutures OI Up 3%- ShortCovering 4%.India VIX 25.6- down 4% STOCK FUTURES Bank Nifty Analysis Long Buildup ( Bullish) : Ambuja Cement, Delta, Dena, HPCL, IDFC, IOB, IOC,MaxCall OI 9300 10000 9500Max Put OI 9000 9500 9300 IRB, SBI, Siemens, Syndicate.Writing 8300 to 9500 PEBuying 9000 to 10000 CE Long Unwinding (Bearish) :Unwinding 9600 CE BOB, IDBI, Jet, OIL, ONGC, Polaris, RoltaEquilibrium 9400 (unchanged)Futures Discount 28vs Discount 55Discount Short Buildup ( Bearish) :Futures OI Up 4% – ShortCovering Aban, Adani Enterprise, Bata, Bharti, Bombay Dyeing, Colgate, GE Shipping, GMDC, Jindal Steel, Jubilant Food, Petronet, Punj Lloyd, Sesa, Sterlite, Suzlon, Tata USD/INR Analysis Power, Titan and Voltas. 56 58 57Max Call OIMax Put OI 56 56.5 55 Short Unwinding ( Bullish) :Equilibrium 56.5 (up by 0.25) GAIL, IGL and Onmobile.Futurespre Premium 0.21vsDiscountmium 0.01Futures OI Up by 4%(Long buildup) 12.7 vs 12.25 ( up byATM IV 0.45)SOURCE – NSE Keynote Capitals Ltd. th The Ruby, 9 Floor, SenapatiBapatMarg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
  • 2. DisclaimerThis document is not for public distribution and has been furnished to you solely for your information and must not be reproduced orredistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions.This material is for the personal information of the authorized recipient, and we are not soliciting any action based upon it. This reportis not to be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer orsolicitation would be illegal. It is for the general information of clients of Keynote Capitals Ltd. It does not constitute a personalrecommendation or take into account the particular investment objectives, financial situations, or needs of individual clients.We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though itsaccuracy or completeness cannot be guaranteed. Neither Keynote Capitals Ltd., nor any person connected with it, accepts any liabilityarising from the use of this document. The recipients of this material should rely on their own investigations and take their ownprofessional advice. Price and value of the investments referred to in this material may go up or down. Past performance is not a guidefor future performance. Certain transactions -including those involving futures, options and other derivatives as well as non-investmentgrade securities - involve substantial risk and are not suitable for all investors. Reports based on technical analysis centers on studyingcharts of a stock’s price movement and trading volume, as opposed to focusing on a company’s fundamentals and as such, may notmatch with a report on a company’s fundamentals.Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on areasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent usfrom doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may besubject to change without notice. Our proprietary trading and investment businesses may make investment decisions that areinconsistent with the recommendations expressed herein.We and our affiliates, officers, directors, and employees world wide may: (a) from time to time, have long or short positions in, and buyor sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other transaction involving such securitiesand earn brokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed hereinor act as advisor or lender / borrower to such company (ies) or have other potential conflict of interest with respect to anyrecommendation and related information and opinions.The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about thesubject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectlyrelated to specific recommendations or views expressed in this report.No part of this material may be duplicated in any form and/or redistributed without Keynote Capitals Ltd’s., prior written consent. Keynote Capitals Ltd. th The Ruby, 9 Floor, SenapatiBapatMarg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322