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Keynote derivatives daily report for 180512Document Transcript
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
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