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Keynote derivatives daily report for 310512


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Keynote derivatives daily report for 310512

  1. 1. Daily DerivativesOutlook 31st May 2012 Nifty Analysis Equity Index and Currency OverviewMax Call OI 5000 5100 5200 Nifty saw short buildup with widening discount as NiftyMax Put OI 4900 4800 5000 rolls reached 44%, with June futures at parity with May. 4900 to 5100 CEWriting 4800 PE Bank Nifty saw short buildup with widening discount andBuying 4900 PE rising open interest. The Bank Nifty rolls were at 58%, 5100 to 5400 CE with June futures at discount compared to May.Unwinding 5000 to 5600 PEEquilibrium 4950(down 50) USD/INR saw long unwinding with open interest falling byFutures 8%.The equilibrium went up sharply to 56.5 with the ATMDiscount Discount 17vs Discount 8 IVs shooting up by 3.5% to 12.75% as directionalFutures OI Up 2%- Short Buildup momentum returned to the currency.India VIX 25.3 up by 5% STOCK FUTURES Bank Nifty Analysis Long Buildup ( Bullish) : ACC, PTC, Skumar, Tech Mahindra, ZeeMaxCall OI 9500 9600 9700Max Put OI 9000 9500 9100 9500 to 9800 CE Long Unwinding (Bearish) :Writing Ambuja Cement, Crompton, Sun Pharma 9100 and 9200 PEBuying 9400 and 9500 PE Short Buildup ( Bearish) : 9000 to 9400 CEUnwinding 9600 to 10000 PE AB Nuvo, Andhra, APIL, Canara Bank, Colgate, DLF, GAIL, ICICI, IVRCL, Mcdowell, PNB, Ruchi, UCO, Union,Equilibrium 9500 (unchanged) VijayaFuturesDiscount Discount 63vs Discount 54 Short Unwinding ( Bullish) :Futures OI Up 7% – Short Buildup Ashok, Auro, Bata, BPCL, Delta, HDIL, IDBI, IFCI, IOC, OBC, Praj, Punj, Rel Capital, Renuka, TVS, Unitech, VIP USD/INR Analysis 56 57 56.5Max Call OI Top Rollover Stocks ( Roll % above 75%):Max Put OI Alok, Bharat Forge, Core, GujFluoro, JSW Energy, 56.5 56 55 Mcleod, Pantaloon, Piramal, Raymond, Ruchi, Sterlite,Equilibrium 56.5 (up by 1.25) Tata Comm, TVS Motor, WelcorpFuturespre Premium 0.52vs Discountmium 0.01 Bottom Rollover Stocks ( Roll % below 30%) : Down by 8%(LongFutures OI unwinding) Asian Paints, Bhusan Steel, Colgate, Federal, GMDC, 12.75 vs 9.29 ( up by SobhaATM IV 3.46) SOURCE – 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