Keynote derivatives daily report for 090512


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Keynote derivatives daily report for 090512

  1. 1. Daily DerivativesOutlook 09thMay 2012 Spot Near Premium Nifty The Nifty futures premium to spot decreased slightly to 7Nifty 5000 5007 7 points with a 9% increase in open interestindicating shortBank Nifty 9589 9557 -32 buildup. Writing was seen in the 5000 to 5400 callUSD/INR 52.8550 53.3900 0.54 optionswhile the 4400 to 5000 puts were boughtand short covering/long liquidation happened in the 5100 and 5300 puts. The equilibrium fell to the 5100 strike. Nifty Open Interest Analysis 1 2 3Maximum Bank Nifty 5300 5400 5200Call OI The Bank Nifty May futuressaw a 2% increase inopenMaximum interest with a widening discount as short positions were 5000 4800 4900Put OI built. Writing happened in the 9500 to 10500 callswhileEquilibrium 5100 buying was seen in the 9300 to 9900 puts, with short covering in the 10000 to 10200 puts. The equilibriumfell to the 9600strike. Bank Nifty Open Interest Analysis 1 2 3 USD/INRMaximum 10500 11000 10200 The futures went into a premium of 0.54( wrt RBICall OI reference rate) compared to a discount of 0.17 due toMaximum freshlong buildup. The equilibriummoved down to 9500 10000 9000Put OI between 53 and 53.25 with the highest Call OI at 53 andEquilibrium 9600 the highest Put OI also at 53. STOCK FUTURES USD/INR Open Interest Analysis Long Buildup: CESC, Coal India 1 2 3 Long Reduction/Short Covering: ALBK, AuroPharma,Maximum Apollo, BF Utilties, Divis, IVRCL, Jet, LIC, Petronet, Titan, 53 54 53.5Call OI TTK Prestige, VoltasMaximum 53 52.5 53.5Put OIEquilibrium Between 53 and 53.25 Short Buildup : Axis, HCL Tech, ITC, JP Associate, Kotak, M&M, Sesa, Wipro, Andhra Bank, Chambal, Indian Bank, Balrampur, Central Bank, India Info, RoltaSOURCE – NSE Keynote Capitals Ltd. th The Ruby, 9 Floor, SenapatiBapatMarg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
  2. 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