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Keynote derivatives daily report for 150512


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Keynote derivatives daily report for 150512

  1. 1. Daily DerivativesOutlook 15thMay 2012 Futures NiftyPremium Current Previous Change The Nifty futures went into a discount of 15 points(Points) compared to a premium of 2 points along with 3%Nifty -15 2 -17 increase in open interest indicating short buildup. IndiaBank Nifty -32 -19 -13 VIX went up by 3.5% to 23.26due to continued downtrendUSD/INR 0.41 0.16 0.25 in the underlying.Writing was seen in the 4900 to 5200 call optionswhile the 4700 to 4900 puts were boughtand short covering/long liquidation happened in the 4600, Nifty Open Interest Analysis 5000 and 5200 puts. The equilibrium remained atthe 5000 strike. 1 2 3Maximum 5200 5100 5000Call OIMaximum Bank Nifty 4900 4800 5000 The Bank Nifty May futuressaw a widening of discount byPut OIEquilibrium 5000 13 points with increase in open interest by 7% as short positions were built. Writing happened in the 9200 to 10000 callswhile buying was seen in the 8500 to 9400 puts. Short covering/Profit-takinghappened in the 10000 Bank Nifty Open Interest Analysis to 10200 puts. The equilibrium moved down to the 1 2 3 9300strike.Maximum 10000 9500 9800Call OIMaximum USD/INR 9000 9500 10000Put OI The futures premium went up by 0.25 to 0.41( wrt RBIEquilibrium 9300 reference rate) and open interest decreased by 3% due to short covering. The ATM IVs went up by 1% indicating increased volatility ahead.The equilibrium moved up to the 54 levels. USD/INR Open Interest Analysis 1 2 3 STOCK FUTURESMaximum Long Buildup: BPCL, Colgate, Jubilant Food, 54 53 53.5Call OIMaximum Long Reduction/Short Covering: LT, Ranbaxy, Tata 54 53 53.5Put OI Motor DVR, Dabur, Divis, IRB, Lupin,Mcdowell, Mphasis,Equilibrium 54 TTK PrestigeATM IV Call 11.51 Put 12.10 Short Buildup : HCL Tech, IDFC, BGR Energy, Petronet AuroPharma, Bombay Dyeing, Cummins, IB RealSOURCE – 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