SMC Global Derivative report 24 09-2013


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SMC Global Derivative report 24 09-2013

  1. 1. NIFTY SNAPSHOT CURRENT PREVIOUS Nifty Spot 5889.75 6012.10 Nifty Sep 5914.40 6037.50 Nifty Oct 5961.55 6082.45 Chg. OI (Sep) (%) -1.42 -7.90 Chg. OI (Oct) (%) 29.38 8.54 Implied Volatility (%) 25.59 23.64 Nifty Support 5820 5880 Nifty Resistance 5950 6050 50 Day EMA 5723 5721 100 Day EMA 5820 5821 200 Day EMA 5842 5842 Put-Call Ratio 1.45 1.61 Historical Volatility (%) 36.38 36.18 Volatility Index 27.02 24.73 NIFTY STRATEGY NIFTY-TECHNICAL OUTLOOK Today the markets are likely open on negative note. All emerging markets are trading in red. The coming session is likely to witness a range of 5820 on declines and 5950 on advances. WORLD MARKET COMMENTARY In last session all leading American indices like Dow Jones Industrial Average, NASDAQ index and the S&P 500 (SPX) ended in red. Dow was down by 0.32% and closed at 15401; S&P 500 was shed by 0.47% at 1702. European indices ended in red. FTSE was down by 0.59%, DAX shed by 0.47% & CAC 40 was down by 0.75%. Today major stock markets in Asia are trading in red. Shanghai Composite is down by 1.17% at 2195 and Hang Seng is down by 1.11% at 23112. Japan’s Nikkei is down by 0.70% at 14639 and Singapore’s Straits Times down by 0.09% at 3211. Singapore Nifty future is currently down by 32 point at 5879.50 SECURITY IN BAN PERIOD FINANTECH is in ban period for trade date Sep 24, 2013 F&O segment. 24.09.2013 We recommend the following trading strategy: Buy 1 Lot Sep Month Nifty 5800 PE around 24. Sell 1 Lot Sep Month Nifty 5700 PE around 9. Strategy Stop Loss: 7 (5800 PE - 5700 PE) Lot size: 50 Max Profit: 4250 (85*50) Max Loss: 750 (15*50)
  2. 2. FII’S ACTIVITY IN F&O IN LAST TEN SESSIONS (DERIVATIVE SEGMENT) BASIS GAP IN NIFTY NIFTY CHANGE IN OPEN INTREST FII’S ACTIVITY IN F&O IN LAST SESSION (DERIVATIVE SEGMENT) NIFTY TOTAL OPEN INTEREST 1771.55 -839.70 -1412.34 503.83 -484.21 -255.43 -1619.41 3117.79 1655.27 -748.57 -2000.00 -1000.00 0.00 1000.00 2000.00 3000.00 4000.00 10-Sep 11-Sep 12-Sep 13-Sep 16-Sep 17-Sep 18-Sep 19-Sep 20-Sep 23-Sep 10.4 26.5 9.75 25.3 21.7 30.3 32.0 30.2 25.4 24.65 0 5 10 15 20 25 30 35 10-Sep 11-Sep 12-Sep 13-Sep 16-Sep 17-Sep 18-Sep 19-Sep 20-Sep 23-Sep -1500000 -1000000 -500000 0 500000 1000000 1500000 2000000 5200 5400 5600 5700 5800 5900 6000 6100 6200 6300 Call Put Buy 49.55%Sell 50.45% 0 1000000 2000000 3000000 4000000 5000000 6000000 5200 5300 5400 5500 5600 5700 5800 5900 6000 6100 6200 Call Put  FII’s are net seller in (F&O segment) last session by INR 748.57 crores.  Nifty Sep futures closed at a premium of 24.65 points.  Maximum Call for Sep month stands at the levels of 6000.  Maximum Put for Sep month stands at the levels of 5700.  Nifty is down by 2.04% and open interest shed by 1.42%.
  3. 3. REC0MMENDATIONS: DRREDDY View: Bullish CMP: 2387.80 On the daily chart, stock is trading above 20 days moving average. Momentum oscillators are neutral to positive. We recommend to: Buy Sep 2400 Call Above 35.00 Stop Loss: 25.00 Target: 52.00 Lot size: 125 RPOWER View: Bullish CMP: 72.55 On the daily chart, there is a price rise with increase in volume. Momentum oscillators are neutral to positive We recommend to: Buy Sep 75 Call Above 1.40 Stop Loss: 0.90 Target: 2.20 Lot size: 4000 TATASTEEL View: Bearish CMP: 294.55 On the daily chart, stock is trading around support. Momentum oscillators are neutral to negative. We recommend to: Buy Sep 290 Put Above 4.50 Stop Loss: 3.50 Target: 6.40 Lot size: 1000
  4. 4. For Any Query or Suggestions email at Analyst Dhirender Singh Bisht Boardline : 011-30111000 Extn.649 Disclaimer : This report is for the personal information of the authorized recipient and doesn’t construe to be any investment, legal or taxation advice to you. It is only for private circulation and use .The report is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such. No action is solicited on the basis of the contents of the report. The report should not be reproduced or redistributed to any other person(s)in any form without prior written permission of the SMC. The contents of this material are general and are neither comprehensive nor inclusive. Neither SMC nor any of its affiliates, associates, representatives, directors or employees shall be responsible for any loss or damage that may arise to any person due to any action taken on the basis of this report. It does not constitute personal recommendations or take into account the particular investment objectives, financial situations or needs of an individual client or a corporate/s or any entity/s. All investments involve risk and past performance doesn’t guarantee future results. The value of, and income from investments may vary because of the changes in the macro and micro factors given at a certain period of time. The person should use his/her own judgment while taking investment decisions. Please note that we and our affiliates, officers, directors, and employees, including persons involved in the preparation or issuance if this material;(a) from time to time, may have long or short positions in, and buy or sell the securities thereof, of company (ies) mentioned here in or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed herein or may perform or seek to perform investment banking services for such company(ies) or act as advisor or lender/borrower to such company(ies) or (c) may have any other potential conflict of interest with respect to any recommendation and related information and opinions. All disputes shall be subject to the exclusive jurisdiction of Delhi High court.