Keynote derivatives daily report for 250412


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Keynote derivatives daily report for 250412

  1. 1. Daily DerivativesOutlook 25thApril 2012 Spot Near Premium NiftyNifty 5223 5224 1 The Nifty futures went into a marginal premium as theBank Nifty 10215 10228 13 market did not follow through on the downside due toUSD/INR 52.7910 52.7775 -0.01 rollover activity gathering pace. The Call options at 5200 and 5300 strikes saw fresh short-build-up. Put writingSource – NSE was also seen in 5200 Put as the equilibrium moved lower to around 5200. The highest call open interest is Highest Call Open Interest at 5400 and highest put open interest is at 5200. The 1 2 3 Nifty futures rolled over 43% of the open interest to theNifty 5400 5300 5200 mid- month.Bank Nifty 10500 10700 10600USD/INR 51.5 52 53 Bank NiftySource – NSE The Bank Nifty futures registered a small premium over spot due to short covering. The 10200, 10300 and Highest Put Open Interest 10400 calls added open interest on fresh call writing. 1 2 3 The 10000 to 10500 puts shed open interest due toNifty 5200 5000 5100 unwinding of short positions. The equilibrium in Bank Nifty remains at 10200, with the highest call openBank Nifty 10000 10500 10400 interest at 10500 and highest put open interest atUSD/INR 51.5 53 52 10000. The Bank Nifty futures rolled over 37% of theSource – NSE open interest to the mid-month. Put/Call Ratio Analysis USD/INR Near 1 Near 0.5 Near 1.5 The equilibrium moved up to 53 due to fresh put writingNifty 5200 5300 5200 at 53 put and 52.5 put along with fresh call buying at 53 call. The highest call open interest is at 51.5 and 52,Bank Nifty 10200 10500 10000 withthe highest put open interest at 53 and 51.5. TheUSD/INR 53 52.5 51 USDINR futures rolled over 44% of the open interest toSource – NSE the mid-month. Stock FuturesRollover Analysis (Nifty Rollover=43%) Stocks which rolled over above Nifty (43%) includeGreater than Greater Less than Less than HDFC, Maruti, Axis Bank, Reliance, Sterlite and Tata 43% than 43% 43% 43% Motors. HDFC Reliance Bharti REC The stocks with below average rollovers include Bharti, HCL Maruti Sterlite ACC Tech ACC, Hindalco, REC, HCL Tech and TCS. Tata Axis Hindalco TCS Motors Keynote Capitals Ltd. th The Ruby, 9 Floor, SenapatiBapatMarg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
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