Keynote derivatives daily report for 180512
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Keynote derivatives daily report for 180512 Document Transcript

  • 1. Daily DerivativesOutlook 18thMay 2012 Nifty Analysis Nifty 1 2 3 Call Writing(Bearish): 4800 to 5100Maximum Put Writing (Bullish): 4600 to 4900 5200 5100 5000 Call Buying (Bullish) : -Call OIMaximum 4800 4700 4600 Put Buying (Bearish) : -Put OI Call Unwinding (Profit-taking) : 5200 to 6100Equilibrium 4900 (unchanged) Put Unwinding (Profit-taking) :5000- 5400&4300 - 4500.Futures Discount 18vs Discount 1Discount Bank NiftyFutures OI Up 3%- Short Buildup Call Writing (Bearish): 9700 to 10000 and 9000 to 9200.India VIX 23.59 down by 0.6% Put Writing (Bullish): 8700 Call Buying (Bullish) : - Put Buying (Bearish) : 8900 to 9200 Bank Nifty Analysis Call Unwinding (Profit-taking) : 9300 to 9400 1 2 3 Put Unwinding (Profit-taking) :9400 to 10000.Maximum 9500 9400 9000 USD/INRCall OIMaximum The futures premium went down to 0.22 ( wrt RBI 9000 9500 8500Put OI reference rate)and open interest increased by 0.02% dueEquilibrium 9100vs 9200 (Down 100) to long unwinding. The ATM IVs went up by 1% indicatingFutures volatility ahead.The equilibriumremained at the 54.25 Discount 68vs Discount 56Discount levels.Futures OI Down 1% (Short Covering) STOCK FUTURES USD/INR Analysis Long Buildup: Ambuja Cement, Cairn, CESC, Mcleod 1 2 3Maximum Unwinding: Aban, ABB, Cummins, Delta, Dish TV, 54.5 55 54Call OI Hexaware, Hind Oil, ITC, Jindal Steel, JP Associate,Maximum 54 53 53.5 Jubilant Food, NMDC, Pantaloon, Rolta, SunTV, SuzlonPut OIEquilibrium 54.25 (unchanged) Short Buildup : Arvind, IDBI, LT, MM, Petronet, RelianceFutures Premium 0.22vs Premium Infra, Tata Power, VoltasPremium 0.35 Up by 0.02%(LongFutures OI unwinding) 11.7 vs 12.55 ( down byATM IV 0.85)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