The derivative report provides a summary of developments in the Indian derivatives market on May 20, 2010. It notes that open interest in Nifty futures increased by 6.31% while open interest in Minifutures increased by 40.12%. Put-call ratios decreased for most stocks while implied volatility increased. FIIs were net sellers in the cash market. The report also provides analysis of specific options strategies and their status.
The document provides a summary of derivative market activity in India for July 27, 2010. Key points include:
- Open interest for Nifty and Mini Nifty futures decreased by 4.23% and 4.53% respectively as the market closed at 5418.60.
- Nifty July futures closed at a premium while August futures closed at a higher premium.
- Total open interest in the market was Rs. 1,70,070cr with stock futures open interest at Rs. 44,921cr.
- Notable gainers in open interest included Maruti, Indian Bank, and CESC while losers included Lupin, Allahabad Bank, and APL Apollo Tubes.
The document provides a summary of derivative market activity in India for July 02, 2010. Open interest in Nifty futures increased slightly while decreasing for Mini Nifty futures. The Nifty July future traded at a premium. Put-call ratios were stable and implied volatility increased. Several individual stocks saw increases or decreases in open interest.
The derivative report provides an analysis of the movement in Nifty futures, open interest levels, and key option statistics from August 6, 2010. Open interest in Nifty futures increased by 1.45% while premium levels changed. The put-call ratio rose and implied volatility remained the same. Certain stocks saw large increases or decreases in open interest. Analysis is also provided on index levels and bullish/bearish option strategies.
The document provides a summary of derivative market activity in India for October 20, 2010. It notes that open interest for Nifty futures decreased while open interest for Minifity futures increased. The Nifty October future closed at a premium while the November future also closed at a premium. Implied volatility of at-the-money options increased. Several stocks saw increases and decreases in open interest. The document also provides analysis of bullish and bearish option strategies and reviews open derivative positions.
The document provides a summary of derivative market activity in India for June 10, 2010. It notes that open interest for Nifty futures decreased slightly while open interest for Minifty futures decreased more sharply. Some individual stocks saw increases in open interest like Hindalco and declines like GMDCLTD. Implied volatility for at-the-money options decreased. FII activity showed net buying in index futures and stock futures.
The document provides a summary of derivative market activity in India on May 10, 2010. It notes that Nifty futures open interest increased by 1.61% while Minifutures increased by 3.70%. Key support and resistance levels are identified. Several stocks that saw increases or decreases in open interest are listed. Analysis of put-call ratios and historical volatility for various stocks is also provided. Bullish and bearish option strategies for Nifty are outlined. Finally, ongoing equity strategies are mentioned.
The derivative report summarizes developments in the Indian derivatives market on May 05, 2010. Open interest in Nifty futures increased by 6% while open interest in Mini Nifty futures rose by 36.12%. The PCR for Nifty decreased from 1.16 to 1.12. Some stocks saw significant increases in open interest like Jindal Steel and Ultracemco, while others like Religare and Divis Labs saw decreases. The report also covers put-call ratios, open positions of FIIs, and provides analysis of option strategies like bull call spreads and bear put spreads.
The document provides a summary of derivative market activity in India as of September 13, 2010. Key points include:
- Open interest in Nifty and Mini Nifty futures increased between 3-5% as the markets closed at 5640.05.
- Nifty September futures closed at a discount of 8.20 points while October futures closed at a discount of 3.15 points.
- Total open interest in the market was Rs. 1,90,183 crore with stock futures open interest at Rs. 50,452 crore.
- Voltas, Ashok Leyland, and BankIndia saw open interest increases over 15% while Opto Circuits, Ultratech C
The document provides a summary of derivative market activity in India for July 27, 2010. Key points include:
- Open interest for Nifty and Mini Nifty futures decreased by 4.23% and 4.53% respectively as the market closed at 5418.60.
- Nifty July futures closed at a premium while August futures closed at a higher premium.
- Total open interest in the market was Rs. 1,70,070cr with stock futures open interest at Rs. 44,921cr.
- Notable gainers in open interest included Maruti, Indian Bank, and CESC while losers included Lupin, Allahabad Bank, and APL Apollo Tubes.
The document provides a summary of derivative market activity in India for July 02, 2010. Open interest in Nifty futures increased slightly while decreasing for Mini Nifty futures. The Nifty July future traded at a premium. Put-call ratios were stable and implied volatility increased. Several individual stocks saw increases or decreases in open interest.
The derivative report provides an analysis of the movement in Nifty futures, open interest levels, and key option statistics from August 6, 2010. Open interest in Nifty futures increased by 1.45% while premium levels changed. The put-call ratio rose and implied volatility remained the same. Certain stocks saw large increases or decreases in open interest. Analysis is also provided on index levels and bullish/bearish option strategies.
The document provides a summary of derivative market activity in India for October 20, 2010. It notes that open interest for Nifty futures decreased while open interest for Minifity futures increased. The Nifty October future closed at a premium while the November future also closed at a premium. Implied volatility of at-the-money options increased. Several stocks saw increases and decreases in open interest. The document also provides analysis of bullish and bearish option strategies and reviews open derivative positions.
The document provides a summary of derivative market activity in India for June 10, 2010. It notes that open interest for Nifty futures decreased slightly while open interest for Minifty futures decreased more sharply. Some individual stocks saw increases in open interest like Hindalco and declines like GMDCLTD. Implied volatility for at-the-money options decreased. FII activity showed net buying in index futures and stock futures.
The document provides a summary of derivative market activity in India on May 10, 2010. It notes that Nifty futures open interest increased by 1.61% while Minifutures increased by 3.70%. Key support and resistance levels are identified. Several stocks that saw increases or decreases in open interest are listed. Analysis of put-call ratios and historical volatility for various stocks is also provided. Bullish and bearish option strategies for Nifty are outlined. Finally, ongoing equity strategies are mentioned.
The derivative report summarizes developments in the Indian derivatives market on May 05, 2010. Open interest in Nifty futures increased by 6% while open interest in Mini Nifty futures rose by 36.12%. The PCR for Nifty decreased from 1.16 to 1.12. Some stocks saw significant increases in open interest like Jindal Steel and Ultracemco, while others like Religare and Divis Labs saw decreases. The report also covers put-call ratios, open positions of FIIs, and provides analysis of option strategies like bull call spreads and bear put spreads.
The document provides a summary of derivative market activity in India as of September 13, 2010. Key points include:
- Open interest in Nifty and Mini Nifty futures increased between 3-5% as the markets closed at 5640.05.
- Nifty September futures closed at a discount of 8.20 points while October futures closed at a discount of 3.15 points.
- Total open interest in the market was Rs. 1,90,183 crore with stock futures open interest at Rs. 50,452 crore.
- Voltas, Ashok Leyland, and BankIndia saw open interest increases over 15% while Opto Circuits, Ultratech C
The document provides a summary of derivative market activity in India for August 04, 2010. Key points include:
- Open interest for Nifty futures increased 4.71% while Minifity futures increased 3.05% as the market closed at 5439.55.
- Nifty August futures closed at a discount of 2.10 points while September futures closed at a premium of 3.80 points.
- Put-call ratio for Nifty increased to 1.28 from 1.25. Implied volatility for at-the-money options decreased.
- Total open interest in the market was Rs. 1,35,687 crore with stock futures open interest at Rs. 41
The document provides a summary of derivative market activity in India for September 3, 2010. Key points include:
- Open interest for Nifty futures increased 3.32% while for Minifity futures it rose 6.72% as the market closed at 5486.15.
- Nifty September futures closed at a premium of 3.70 points. October futures closed at a premium of 8.15 points.
- Put-call ratio decreased to 1.39 from 1.41. Implied volatility of at-the-money options also decreased.
- Total open interest in the market was Rs. 1,64,075cr with stock futures open interest at Rs. 46,089cr.
The document provides a summary of derivative market activity in India for July 21, 2010. Key points include:
- Nifty futures open interest increased 1.38% while Mini Nifty futures open interest decreased 6.86% as the market closed at 5368 levels.
- Implied volatility of at-the-money options has increased from 17% to 17.5%.
- Total open interest in the market is Rs. 1,60,7470cr with stock futures open interest at Rs. 42,929cr.
- FII activity in the F&O segment was not very significant, with net buying of Rs. 297cr in the cash market. U.S.
The Nifty futures open interest increased slightly while the Minifutures open interest decreased sharply. The Nifty June future was trading at a discount while implied volatility decreased. Rollover levels for Nifty futures were below previous months. Some stocks saw increased open interest like COLPAL, FEDERALBNK, and ADANIENT while others like GMRINFRA, ABB, and UNITECH saw decreased open interest. The document provides analysis of index and stock derivatives markets along with option strategies and previous calls.
The document provides a summary of derivative market activity in India on May 24, 2010. It notes that open interest in Nifty futures increased 6.97% while open interest in Mini Nifty futures increased 0.56%. Put-call ratios and implied volatility are provided for various indexes and stocks. Specific trading strategies involving bull call spreads and bear put spreads are described. Recent derivative trading positions and their status are also summarized.
The derivative report summarizes developments in the derivatives market in India on April 21, 2010. Open interest in Nifty futures increased by 4.12% while open interest in mini Nifty futures rose by a smaller 0.95%. Several stocks saw significant changes in open interest levels over the past few trading sessions including increases in Glaxo, Canbk, and TCS and decreases in GSPL, Adanient, and Infosystch. The report also provides analysis of specific trades and strategies as well as notes on historical volatility and FII activity in the market.
The document provides a summary of derivative market activity in India for June 25, 2010. Key points include:
1) Nifty futures open interest increased 3.42% while Minifity futures decreased 1.62% as the market closed at 5320.60.
2) Several stocks saw significant changes in open interest, both increases like HCLTECH (112%) and decreases like TATAPOWER (-11.23%).
3) The put-call ratio for Nifty futures increased to 1.87 from 1.84. Historical volatility decreased for some stocks.
4) FIIs were net buyers of stocks and index futures but net sellers of index options and stock futures. Total
The derivative report summarizes developments in the Indian derivatives market on August 25, 2010. Open interest in Nifty futures increased by 1.64% while open interest in Minifity futures decreased by 8.09%. The Nifty August future closed at a premium while the September future closed at a higher premium. Key put-call ratios and historical volatilities are also mentioned. Some stocks that saw significant changes in open interest are highlighted.
The document provides a summary of derivative market activity in India for July 12, 2010. Open interest in Nifty futures increased by 2.92% while Minifty futures increased by 19.72%. The Nifty July future closed at a premium of 1.60 points. Put-call ratio for Nifty increased to 1.31. Some stocks like DCHL and HEXAWARE saw significant increases in open interest, while stocks like PETRONET and PTC saw decreases. FIIs were net buyers in the cash market.
The document provides a summary of derivative market activity in India on August 13, 2010. Key points include:
- Nifty futures open interest increased slightly while Mini Nifty interest decreased.
- Several stock options saw increases or decreases in open interest.
- Total market open interest was Rs. 1,66,413 crore with stock futures at Rs. 47,218 crore.
- Analysis is provided on specific stocks and strategies around calls, puts, and spreads.
The document provides a derivative report for India from August 10, 2010. It summarizes key data points around Nifty futures, open interest, implied volatility, and top gainers and losers by open interest. It also provides analysis on specific stocks and strategies, and discloses Angel Broking's positions in various calls and put spreads.
The document provides a summary of derivative market activity in India for May 12, 2010. Open interest for Nifty futures decreased slightly while open interest for Minifutures also saw a small decrease. The Nifty June futures contract closed at a discount. Total open interest in the market was over Rs. 1,27,087 crore with stock futures open interest being Rs. 35,310 crore. Some stocks with positive cost of carry included NEYVELILIG, KSOILS, STERLINBIO, BRFL and ISPATIND. The document also lists put-call ratios, open interest gainers and losers, and provides analysis on specific options strategies.
The document provides a summary of derivative market activity in India for October 5, 2010. It notes that open interest in Nifty futures increased by 1.71% while open interest in Minifity futures decreased by 8.05%. Implied volatility of at-the-money options increased from 20% to 21% despite rising market levels. Specific stocks like NMDC, BHUSANSTL, and UCOBANK saw large increases in open interest, while stocks like ORCHIDCHEM, ZEEL, and SAIL saw decreases. The put-call ratio for various indexes and stocks is also provided.
The derivative report summarizes developments in the Indian derivatives market for August 30, 2010. Open interest for Nifty futures decreased by 21.86% while open interest for Minifity futures decreased by 27.20% as the market closed at 5408.70 levels. Implied volatility of at-the-money options increased from 15% to 17.5%. Some liquid stocks with positive cost of carry included ABIRLANUVO, WELCORP, GMRINFRA, GTLINFRA and PATELENG. The total open interest in the market was Rs. 1,42,825 crore with stock futures open interest at Rs. 42,437 crore.
The document provides a summary of derivative market activity in India for May 27, 2010. It notes that open interest for Nifty futures decreased by 8.26% while Minifity futures decreased by 16.72%. The Nifty May future closed at a discount while the June future closed at a discount of 13.25 points. Some stocks like Hindzinc, Indhotel, and Canbk saw increases in open interest while stocks like Grasim, HotelEela, and Minifty saw decreases in open interest.
The summary provides an overview of key information from the derivative report on the Indian market from March 26, 2010:
- Nifty futures open interest increased 4.24% while Minifty futures open interest rose 5.90% as the market closed at 5260.40.
- The PCR-OI for Nifty increased from 1.67 to 1.80. Implied volatility of at-the-money options rose from 15% to 16.50%.
- Significant short positions exist in stocks like HINDPETRO and most short positions have been rolled over. Support at Rs295-300 may lead to a bounce back.
- FII were net buyers of Rs.653cr in
The document provides a summary of derivative market activity in India for July 29, 2010. Key points include:
- Open interest for Nifty futures decreased slightly while Minifity futures open interest decreased more sharply. Nifty July futures closed at a discount.
- Implied volatility increased and total open interest in the market was over Rs. 1.72 trillion with stock futures open interest at Rs. 44,894 crore.
- Rollover percentages for various contracts like Nifty, Banknifty were over 60%.
- Some stocks like Reliance, Aban saw increases in open interest while others like Samrudhhi, EKC saw decreases.
The document summarizes the derivatives market activity in India for July 08, 2011. It notes that open interest for Nifty futures increased by 5.21% while open interest for Mini Nifty futures rose by 22.09%. Put-call ratio for Nifty increased to 1.34 from 1.25. Total open interest in the market was Rs. 117,227 crore with stock futures open interest at Rs. 33,629 crore. It provides commentary on specific stocks like Godrej Industries, Aurobindo Pharma, and Canara Bank.
The document provides a summary of derivative market activity in India for June 03, 2010. It notes that open interest in Nifty futures increased slightly while Minifutures open interest decreased. It also discusses changes in implied volatility, various option strategies, and highlights some individual stocks experiencing increases or decreases in open interest.
The document provides a summary of derivative market activity in India for July 16, 2010. Open interest for Nifty futures increased slightly while open interest for Mini Nifty futures rose by over 1%. The put-call ratio for Nifty increased from 1.38 to 1.41. FIIs were net sellers of index futures but net buyers of index options and stock futures. Specific stocks like Jindal Steel, Dabur, and Axis Bank saw increases in open interest, while stocks like Polaris, Rolta, and Asian Paint saw decreases.
The document provides a market summary for March 5, 2010 including:
- The Nifty and Sensex indices opened higher but closed slightly up.
- The top gainers were BPCL, Hero Honda, and Tata Motors, while the top losers were Ambuja Cements, Wipro, and Tata Steel.
- Most sectors closed positively with realty and auto performing best while metal declined.
- The report provides support and resistance levels for various stocks and recommends trading with a positive bias in select mid-cap stocks.
The technical report provides a daily market summary for September 17, 2010. It summarizes that indices closed in red after a seven-day rally, possibly indicating a consolidation or correction. The Sensex closed at 19,417 points, down 0.43% while the Nifty closed at 5,829 points, down 0.55%. Top gainers were Suzlon, DLF, and Maruti while top losers were Infosys Technologies, Sterlite Industries, and Reliance Communications. Sectoral performances were mixed with realty and banking showing gains while IT and technology saw losses. Charts show the formation of a "shooting star" candlestick pattern, suggesting resistance at 19,636/5,902 points and
The document provides a summary of derivative market activity in India for August 04, 2010. Key points include:
- Open interest for Nifty futures increased 4.71% while Minifity futures increased 3.05% as the market closed at 5439.55.
- Nifty August futures closed at a discount of 2.10 points while September futures closed at a premium of 3.80 points.
- Put-call ratio for Nifty increased to 1.28 from 1.25. Implied volatility for at-the-money options decreased.
- Total open interest in the market was Rs. 1,35,687 crore with stock futures open interest at Rs. 41
The document provides a summary of derivative market activity in India for September 3, 2010. Key points include:
- Open interest for Nifty futures increased 3.32% while for Minifity futures it rose 6.72% as the market closed at 5486.15.
- Nifty September futures closed at a premium of 3.70 points. October futures closed at a premium of 8.15 points.
- Put-call ratio decreased to 1.39 from 1.41. Implied volatility of at-the-money options also decreased.
- Total open interest in the market was Rs. 1,64,075cr with stock futures open interest at Rs. 46,089cr.
The document provides a summary of derivative market activity in India for July 21, 2010. Key points include:
- Nifty futures open interest increased 1.38% while Mini Nifty futures open interest decreased 6.86% as the market closed at 5368 levels.
- Implied volatility of at-the-money options has increased from 17% to 17.5%.
- Total open interest in the market is Rs. 1,60,7470cr with stock futures open interest at Rs. 42,929cr.
- FII activity in the F&O segment was not very significant, with net buying of Rs. 297cr in the cash market. U.S.
The Nifty futures open interest increased slightly while the Minifutures open interest decreased sharply. The Nifty June future was trading at a discount while implied volatility decreased. Rollover levels for Nifty futures were below previous months. Some stocks saw increased open interest like COLPAL, FEDERALBNK, and ADANIENT while others like GMRINFRA, ABB, and UNITECH saw decreased open interest. The document provides analysis of index and stock derivatives markets along with option strategies and previous calls.
The document provides a summary of derivative market activity in India on May 24, 2010. It notes that open interest in Nifty futures increased 6.97% while open interest in Mini Nifty futures increased 0.56%. Put-call ratios and implied volatility are provided for various indexes and stocks. Specific trading strategies involving bull call spreads and bear put spreads are described. Recent derivative trading positions and their status are also summarized.
The derivative report summarizes developments in the derivatives market in India on April 21, 2010. Open interest in Nifty futures increased by 4.12% while open interest in mini Nifty futures rose by a smaller 0.95%. Several stocks saw significant changes in open interest levels over the past few trading sessions including increases in Glaxo, Canbk, and TCS and decreases in GSPL, Adanient, and Infosystch. The report also provides analysis of specific trades and strategies as well as notes on historical volatility and FII activity in the market.
The document provides a summary of derivative market activity in India for June 25, 2010. Key points include:
1) Nifty futures open interest increased 3.42% while Minifity futures decreased 1.62% as the market closed at 5320.60.
2) Several stocks saw significant changes in open interest, both increases like HCLTECH (112%) and decreases like TATAPOWER (-11.23%).
3) The put-call ratio for Nifty futures increased to 1.87 from 1.84. Historical volatility decreased for some stocks.
4) FIIs were net buyers of stocks and index futures but net sellers of index options and stock futures. Total
The derivative report summarizes developments in the Indian derivatives market on August 25, 2010. Open interest in Nifty futures increased by 1.64% while open interest in Minifity futures decreased by 8.09%. The Nifty August future closed at a premium while the September future closed at a higher premium. Key put-call ratios and historical volatilities are also mentioned. Some stocks that saw significant changes in open interest are highlighted.
The document provides a summary of derivative market activity in India for July 12, 2010. Open interest in Nifty futures increased by 2.92% while Minifty futures increased by 19.72%. The Nifty July future closed at a premium of 1.60 points. Put-call ratio for Nifty increased to 1.31. Some stocks like DCHL and HEXAWARE saw significant increases in open interest, while stocks like PETRONET and PTC saw decreases. FIIs were net buyers in the cash market.
The document provides a summary of derivative market activity in India on August 13, 2010. Key points include:
- Nifty futures open interest increased slightly while Mini Nifty interest decreased.
- Several stock options saw increases or decreases in open interest.
- Total market open interest was Rs. 1,66,413 crore with stock futures at Rs. 47,218 crore.
- Analysis is provided on specific stocks and strategies around calls, puts, and spreads.
The document provides a derivative report for India from August 10, 2010. It summarizes key data points around Nifty futures, open interest, implied volatility, and top gainers and losers by open interest. It also provides analysis on specific stocks and strategies, and discloses Angel Broking's positions in various calls and put spreads.
The document provides a summary of derivative market activity in India for May 12, 2010. Open interest for Nifty futures decreased slightly while open interest for Minifutures also saw a small decrease. The Nifty June futures contract closed at a discount. Total open interest in the market was over Rs. 1,27,087 crore with stock futures open interest being Rs. 35,310 crore. Some stocks with positive cost of carry included NEYVELILIG, KSOILS, STERLINBIO, BRFL and ISPATIND. The document also lists put-call ratios, open interest gainers and losers, and provides analysis on specific options strategies.
The document provides a summary of derivative market activity in India for October 5, 2010. It notes that open interest in Nifty futures increased by 1.71% while open interest in Minifity futures decreased by 8.05%. Implied volatility of at-the-money options increased from 20% to 21% despite rising market levels. Specific stocks like NMDC, BHUSANSTL, and UCOBANK saw large increases in open interest, while stocks like ORCHIDCHEM, ZEEL, and SAIL saw decreases. The put-call ratio for various indexes and stocks is also provided.
The derivative report summarizes developments in the Indian derivatives market for August 30, 2010. Open interest for Nifty futures decreased by 21.86% while open interest for Minifity futures decreased by 27.20% as the market closed at 5408.70 levels. Implied volatility of at-the-money options increased from 15% to 17.5%. Some liquid stocks with positive cost of carry included ABIRLANUVO, WELCORP, GMRINFRA, GTLINFRA and PATELENG. The total open interest in the market was Rs. 1,42,825 crore with stock futures open interest at Rs. 42,437 crore.
The document provides a summary of derivative market activity in India for May 27, 2010. It notes that open interest for Nifty futures decreased by 8.26% while Minifity futures decreased by 16.72%. The Nifty May future closed at a discount while the June future closed at a discount of 13.25 points. Some stocks like Hindzinc, Indhotel, and Canbk saw increases in open interest while stocks like Grasim, HotelEela, and Minifty saw decreases in open interest.
The summary provides an overview of key information from the derivative report on the Indian market from March 26, 2010:
- Nifty futures open interest increased 4.24% while Minifty futures open interest rose 5.90% as the market closed at 5260.40.
- The PCR-OI for Nifty increased from 1.67 to 1.80. Implied volatility of at-the-money options rose from 15% to 16.50%.
- Significant short positions exist in stocks like HINDPETRO and most short positions have been rolled over. Support at Rs295-300 may lead to a bounce back.
- FII were net buyers of Rs.653cr in
The document provides a summary of derivative market activity in India for July 29, 2010. Key points include:
- Open interest for Nifty futures decreased slightly while Minifity futures open interest decreased more sharply. Nifty July futures closed at a discount.
- Implied volatility increased and total open interest in the market was over Rs. 1.72 trillion with stock futures open interest at Rs. 44,894 crore.
- Rollover percentages for various contracts like Nifty, Banknifty were over 60%.
- Some stocks like Reliance, Aban saw increases in open interest while others like Samrudhhi, EKC saw decreases.
The document summarizes the derivatives market activity in India for July 08, 2011. It notes that open interest for Nifty futures increased by 5.21% while open interest for Mini Nifty futures rose by 22.09%. Put-call ratio for Nifty increased to 1.34 from 1.25. Total open interest in the market was Rs. 117,227 crore with stock futures open interest at Rs. 33,629 crore. It provides commentary on specific stocks like Godrej Industries, Aurobindo Pharma, and Canara Bank.
The document provides a summary of derivative market activity in India for June 03, 2010. It notes that open interest in Nifty futures increased slightly while Minifutures open interest decreased. It also discusses changes in implied volatility, various option strategies, and highlights some individual stocks experiencing increases or decreases in open interest.
The document provides a summary of derivative market activity in India for July 16, 2010. Open interest for Nifty futures increased slightly while open interest for Mini Nifty futures rose by over 1%. The put-call ratio for Nifty increased from 1.38 to 1.41. FIIs were net sellers of index futures but net buyers of index options and stock futures. Specific stocks like Jindal Steel, Dabur, and Axis Bank saw increases in open interest, while stocks like Polaris, Rolta, and Asian Paint saw decreases.
The document provides a market summary for March 5, 2010 including:
- The Nifty and Sensex indices opened higher but closed slightly up.
- The top gainers were BPCL, Hero Honda, and Tata Motors, while the top losers were Ambuja Cements, Wipro, and Tata Steel.
- Most sectors closed positively with realty and auto performing best while metal declined.
- The report provides support and resistance levels for various stocks and recommends trading with a positive bias in select mid-cap stocks.
The technical report provides a daily market summary for September 17, 2010. It summarizes that indices closed in red after a seven-day rally, possibly indicating a consolidation or correction. The Sensex closed at 19,417 points, down 0.43% while the Nifty closed at 5,829 points, down 0.55%. Top gainers were Suzlon, DLF, and Maruti while top losers were Infosys Technologies, Sterlite Industries, and Reliance Communications. Sectoral performances were mixed with realty and banking showing gains while IT and technology saw losses. Charts show the formation of a "shooting star" candlestick pattern, suggesting resistance at 19,636/5,902 points and
The document provides an analysis of the Indian stock market on May 21, 2010. It summarizes that the benchmark indices rebounded after two days of losses but came off highs, and closed up 0.7% and 0.6% respectively. Mid and small cap indices closed down. Oil and gas stocks rose after a gas price increase while telecom stocks were mixed following a 3G spectrum auction. Global indices also declined on the day with Dow Jones down 3.6%. The document then provides commentary on factors that could influence if the market rises or falls that day and lists the top gainers and losers. It also initiates coverage on Elecon Engineering and recommends it as a buy.
The document provides a derivative report for India from July 22, 2010. Key points include:
1) Nifty futures open interest increased 1.03% while Minifity increased 10.56% as the market closed at 5399.35.
2) Several stock options saw changes in open interest levels both increasing and decreasing.
3) Put-call ratios and implied volatility decreased slightly.
4) Analysis of bullish and bearish option strategies on Nifty are presented.
The summary is:
1) The derivative report analyzes the performance of the Nifty futures, options, and key stocks from the previous trading session on July 18, 2011.
2) It provides details on changes in open interest, premium levels, volatility, and turnover for various derivatives contracts.
3) Trading strategies and technical analysis is also given for some stocks along with risk-reward profiles of sample spreads trades for the Nifty.
The market summary provides an overview of the day's trading activity in the Indian stock market. Key indices like Nifty and Sensex opened flat but declined through the day, closing down 0.69% and 0.71% respectively. Top gainers were led by BPCL at 4.73% gain, while top losers were led by HCLTECH at 2.72% loss. Metals and IT sectors underperformed, falling 1.9% and 1.24% respectively. The report analyzes technical indicators and suggests the market may see further consolidation or minor correction if key support levels are broken.
This document summarizes a derivative report from India Research dated July 13, 2011. Some key points:
- The Nifty futures open interest increased 0.51% while Minifty futures open interest rose 8.2% as the market closed at 5526.15.
- Implied volatility of at-the-money options increased from 18% to 19.75%. PCR-OI decreased from 1.20 to 1.15.
- Total open interest of the market is Rs. 125,816 crore and stock futures open interest is Rs. 33,500 crore.
- FII were net sellers of Rs. 969 crore in the cash market segment. Put-call
- The open interest in Nifty futures increased by 6.94% while Minifty futures open interest decreased by 9.56% as the market closed at 5987.70 levels. Nifty November futures closed at a premium of 76.25 points.
- FIIs were net sellers in the index futures, stock futures, and cash market segments totaling Rs 950 crore. Put-call ratios for Nifty and other stocks decreased.
- Technical recommendations were given to trade HDFCBANK with a target price of Rs 2350 and JINDALSAW with a target price of Rs 228 based on chart analysis.
HUL reported a 10.7% rise in revenue to Rs. 4,681 crore for the quarter, driven by a 14% increase in volume growth. However, operating profit declined 7.8% to Rs. 563.1 crore due to a 242 basis point drop in operating margin to 12%. Recurring profit fell 6.7% to Rs. 525.7 crore despite an 82% jump in other income, on account of margin contraction and a 790 basis point rise in taxes. Volume growth was strong across categories like soaps, detergents and personal care, though profitability was impacted by higher overheads and competitive intensity in detergents.
The key Indian indices gained around 1.8-1.9% boosted by positive global cues and sustained buying by foreign institutional investors. Auto and capital goods stocks witnessed strong buying, while mid and small cap indices also rose about 1.1% each. The market closed at one-week highs led by gains in Bharti Airtel, Hindalco, ITC and L&T.
The indices opened flat but traded choppily throughout the day. Metal, auto and realty stocks declined while IT stocks gained. The indices are currently trading in a range between 18,326-18,810/5496-5653 on the downside and 19,132-19,094/5740-5700 on the upside. A break above these resistance levels could lead to further gains while a break below support could result in losses extending to 17,805-17,950/5350-5400. Pivot levels for 50 Nifty stocks are provided.
Godrej Consumer Products reported results for the first quarter of fiscal year 2011. While revenue grew strongly by 47% due to recent acquisitions, recurring earnings grew only 9% due to margin contraction, higher interest costs, and increased taxes. Domestic revenue excluding recent acquisitions declined 7% as sales of soaps fell 9% due to high bases and inventory destocking, while hair color sales grew only 4%. The company upgraded its outlook for the stock to "Buy" based on strong future earnings growth prospects.
The key Indian stock market indices fell on weak global economic data and concerns over European sovereign debt. The Sensex and Nifty closed down 0.7% and 0.8% respectively. Metals and banking stocks witnessed heavy losses, while oil and gas stocks gained slightly. Looking ahead, the market may see further declines if the indices remain below their intraday low levels in early trade, but could rally if those levels are surpassed.
BHEL reported strong results for 4QFY2010 and FY2010, with revenues growing 28.6% and profits growing 41.7% for the quarter. Operating margins expanded due to lower raw material costs, though this was partially offset by higher other expenses. Order inflows grew 45.1% for the quarter. For FY2010-2012, revenues are expected to grow at a CAGR of 19.7% and profits at 21.5%. However, the analyst maintains a Neutral rating due to structural concerns in the industry.
- Greenply Industries reported a 54.6% year-over-year increase in standalone quarterly revenue to Rs259 crore, exceeding estimates, driven by higher capacity utilization and realizations in plywood and laminates.
- Net profit increased 54.7% to Rs13.3 crore, also ahead of estimates, due to lower interest and depreciation expenses.
- The report maintains a buy recommendation, as the company is well-positioned to benefit from capacity expansions in laminates and a new MDF plant, while its stock trades at a discount to earnings estimates.
For the fourth quarter of fiscal year 2010, Hero Honda reported a 20% year-over-year growth in net sales and a 49% surge in net profit, exceeding expectations. Top-line growth was driven by an 18.9% rise in volumes while bottom-line growth benefited from lower raw material costs and improved operating leverage. Going forward, the company expects to maintain its market share through new motorcycle launches but notes its domestic market share has declined in fiscal year 2010.
Educomp reported strong quarterly performance in 4QFY2010, with 47.1% revenue growth and 9.1% profit growth. However, excluding one-time items, revenue fell 3% while profit rose 90%. The company expects 25-30% revenue growth and profit between Rs330-350cr for FY2011. Educomp's school learning solutions drove growth but newer initiatives face investment periods. While margins expanded on cost reductions, profit growth was restricted by higher costs and taxes. The company maintains aggressive expansion plans in K-12, online, and supplementary education segments.
The derivative report provides an analysis of the derivatives market activity and key trends on August 19, 2010. Open interest in Nifty futures increased 2.14% while Minifity futures increased 26.29%. The report also covers put-call ratios, open interest gainers and losers, volatility analysis and recommended trading strategies.
Corporation Bank reported a 19.9% rise in net profit to Rs312cr for 4QFY2010, ahead of expectations. Advances grew strongly by 30.3% to Rs63,203cr due to robust deposit growth in 3QFY2010. Asset quality improved with the gross NPA ratio declining to 1% and the provision coverage ratio rising to 70%. While core fee income growth was robust, overall non-interest income declined due to lower treasury gains. Going forward, maintaining the growth rate will be challenging in a rising interest rate environment given the bank's regional operations.
The Indian stock market gained over the week, with the BSE Sensex and NSE Nifty indices ending higher by 2.5% and 2.7% respectively. Most sectoral indices also closed in green, with the BSE Realty index gaining the most at 4.1%. Markets gained in the latter half of the week as world stocks rose on signals of support for the euro zone from China. Mutual funds saw a net purchase of equity worth Rs. 400 crore for the week. Piramal Healthcare sold its domestic formulations business for US$ 3.72 billion, a significant deal in the Indian pharmaceutical industry. The report also provides analysis and recommendations on Bhushan Steel and Jagran P
- The open interest for Nifty futures increased by 1.21% while the open interest for Mini Nifty futures increased by 1.12% as the market closed at 5386.45 levels.
- The Nifty July future closed at a discount of 1.65 points against a premium of 4.35 points in the previous session, while the August future closed at a premium of 3.90 points.
- The total open interest of the market is Rs. 1,57,850 crore and the stock futures open interest is Rs. 42,604 crore.
- The open interest for Nifty futures decreased by 1.45% while Minifty futures decreased by 10.73% as the market closed at 6101.50 levels.
- Nifty October future closed at a premium of 33.65 points, while November future closed at a premium of 57.45 points. The PCR-OI increased from 1.18 to 1.27.
- Implied volatility of at-the-money options decreased from 19.50% to 18%. Total open interest of the market is Rs. 1,88,691cr and stock futures open interest is Rs. 53,447cr.
Derivatives Report - September 27, 2010Angel Broking
- The open interest for Nifty futures decreased by 5.32% while for Minifty futures it decreased by 3.02% as the market closed at 6035.65 levels.
- Nifty September futures closed at a premium of 18.15 points compared to 16.25 points in the previous session, while October futures closed at a premium of 34.95 points.
- The put-call ratio increased slightly to 1.94 from 1.93. Implied volatility increased for both September and October series options.
The document provides a summary of derivative market activity in India for June 24, 2010. It notes that open interest for Nifty futures increased by 9.31% while the implied volatility of at-the-money options rose. Specific stocks that saw increases or decreases in open interest are also mentioned. The put-call ratio for various stocks is provided. Finally, the status of previous derivative strategies is reviewed.
- The open interest for Nifty futures decreased by 6.04% while the open interest for Minifity futures decreased by 1.88% as the market closed at 5296.85 levels.
- The July Nifty future closed at a premium of 12.60 points and the August future closed at a premium of 16.20 points. The PCR-OI remained at the same level of 1.29 points.
- The implied volatility of at-the-money options decreased from 19.55% to 18%.
The document provides a derivative report for India from July 22, 2010. Key points include:
1) Nifty futures open interest increased 1.03% while Mini Nifty increased 10.56% as the market closed at 5399.35.
2) Nifty July future closed at a premium of 4.45 points.
3) Put-call ratio decreased from 1.41 to 1.33. Implied volatility of at-the-money options decreased from 17.50% to 17%.
4) Total open interest of the market is Rs. 1,66,308cr and stock futures open interest is Rs. 44,335cr.
The document provides a summary of derivative market activity in India as of June 30, 2010. Key points include:
- Nifty futures open interest increased 1.72% while Mini Nifty interest decreased 16.07% as the market closed at 5256.15.
- The Nifty July future closed at a premium of 10.30 points and the August future at a premium of 10.75 points.
- Implied volatility of at-the-money options increased from 18% to 19%.
- Total open interest in the market was Rs. 1,14,659 crore with stock futures open interest at Rs. 33,488 crore.
- Some stocks with positive cost of carry included
The Nifty futures open interest decreased by 7.66% while the Minifity futures open interest decreased by 14.62% as the market closed at 5193.60 levels. Some short covering was observed in large caps while long formations increased in mid-caps. The put-call ratio for Nifty increased to 1.16 from 1.11. Market sentiment is positive on the back of global cues with the SGX Nifty suggesting an opening above 5200.
Derivatives Report - September 22, 2010Angel Broking
The document provides a summary of derivative market activity in India for September 22, 2010. It notes that open interest for Nifty futures decreased by 2.74% while Minifity futures decreased by 5.82% as the market closed at 6009.05. Implied volatility of at-the-money options increased from 16% to 18%. Few stocks where cost-of-carry is positive are listed. Significant short positions exist in PATNI and it is advisable to trade SAIL with a negative bias.
The derivative report summarizes developments in the Indian derivatives market on August 18, 2010. Open interest in Nifty futures increased by 1.16% while open interest in Mini Nifty futures rose by 1.68%. The report also notes increases in open interest for certain stocks and decreases for others. Implied volatility decreased and put-call ratios changed for some indexes and stocks. The report provides commentary on FII positions and analysis of option strategies for Nifty.
Derivatives Report - September 23, 2010Angel Broking
The document provides a derivative report on the Indian market from September 23, 2010. It summarizes that the Nifty and Mini Nifty futures open interest decreased while the Nifty September future closed at a premium. The total open interest of the market is Rs. 2,12,777 crore with stock futures open interest at Rs. 51,736 crore. FIIs were net buyers of Rs. 915 crore in the cash segment and unwound positions in index options.
The document provides a summary of derivative market activity in India for August 20, 2010. Key points include:
- Open interest for Nifty futures increased 3.31% while Mini Nifty futures increased 18.91% as the market closed at 5540.20.
- Nifty August futures closed at a discount of 12.50 points.
- Implied volatility of at-the-money options decreased from 13% to 12%.
- Total open interest in the market was Rs. 1,88,226cr with stock futures open interest at Rs.51,756cr.
The Nifty futures open interest increased 4.42% while Minifity futures open interest rose 16.21% as the market closed at 5431.65. The Nifty August future closed at a premium of 2.70 points. Implied volatility of at-the-money options decreased from 17.0% to 16.3%. Total open interest of the market is Rs. 1,28,977cr with stock futures open interest at Rs. 40,732cr. FIIs were net buyers of Rs. 728cr in the cash market and formed long positions in index and stock futures.
The summary is:
1) The Nifty futures open interest increased slightly while the Minifity futures open interest decreased slightly as the market closed.
2) The Nifty October future closed at a premium while the November future also closed at a premium.
3) The PCR-OI ratio increased slightly.
4) Implied volatility of at-the-money options decreased.
The key points from the document are:
1) Open interest in Nifty futures increased by 2.74% while Minifity futures open interest decreased by 1.58% as the market closed at 5156.65 levels.
2) Some stocks saw significant increases in open interest such as Ashok Leyland (20.63%), Recltd (15.93%), and Union Bank (12.96%) while others saw decreases such as Bajaj-Auto (-15.41%), Indhotel (-10.89%), and Glaxo (-9.70%).
3) The put-call ratio for Nifty increased to 1.19 from 1.13 previously, while implied volatility for
The Nifty futures open interest decreased by 28.45% while the Minifity futures open interest decreased by 13.34% as the market closed at 6143.40. The Nifty October future closed at a premium of 32.90 points against a premium of 10.85 points in the previous session, while the November future closed at a premium of 44.20 points. The PCR-OI decreased from 2.00 to 1.36. FIIs were net buyers of Rs. 1,825 crores in the cash market segment and significant build up was seen in the 6200 and 6300 call option series.
The derivative report provides an analysis of the derivatives market in India on April 09, 2010. It summarizes that open interest in Nifty futures decreased by 1.05% while open interest in Minifutures decreased by 16.99%. The report also lists top gainers and losers in terms of changes in open interest, provides analysis of various spreads trades, and recaps open derivative strategies and their current status.
The Nifty futures open interest decreased slightly while the Minifuties open interest decreased more sharply as the market closed at 5304.10. The implied volatility of at-the-money options has decreased. Some stocks with positive cost of carry include KFA, JPPOWER, HOTELEELA, FSL and IOC. FIIs were net buyers of stocks and continued to form long positions in stock futures.
The summary discusses the Indian derivatives market activity for July 14, 2010. Open interest for Nifty futures increased by 2.49% while Minifity futures increased by 9.12%. Nifty July futures closed at a premium while August futures closed at a higher premium. Put-call ratios increased slightly. Implied volatility decreased. Several stocks saw significant changes in their open interest such as increases for PFC, JINDALSWHL, and decreases for CROMPGREAV. The document provides analysis of spreads, historical volatility, and previous trading strategies.
The derivative report provides an analysis of the derivatives market in India. It notes that open interest for Nifty futures decreased by 3.21% while the underlying index closed at 6,186 points. The report also mentions that implied volatility decreased and select fertilizer stocks saw increased trading activity and open interest. Finally, it recommends long positions in specific stocks like UNIPHOS based on the technical factors analyzed in the report.
The Indian markets are expected to open higher, tracking gains in most Asian markets. Spain has asked for a bailout of up to €100 billion for its banking system. Chinese exports grew more than expected in May. In India, shares extended gains for a fifth session despite weak global cues as major central banks held off on additional stimulus. The key support and resistance levels for the Nifty are 5,023 and 5,114 respectively. L&T has bagged orders worth Rs. 483 crore to build commercial vessels in Qatar. Vedanta Resources has acquired a 24.5% stake in Raykal Aluminium for Rs. 201 crore.
Axis Bank reported a 27.0% year-over-year increase in net profit to Rs. 942 crore for the first quarter of fiscal year 2012, in line with analyst estimates. Business growth momentum slowed as advances declined 7.4% quarter-over-quarter and deposits fell 3.0% quarter-over-quarter, moderating the bank's cash-deposit ratio to 40.5% from 41.1% last quarter. However, asset quality remained healthy with slippage ratio declining to 0.8% and gross and net NPA ratios stable.
1) For 1QFY2012, Electrosteel Castings reported 16.4% sales growth but margins declined due to higher raw material costs. EBITDA fell 18.2% and net profit declined 7.2%.
2) While sales volumes grew, costs increased more due to a rise in raw material costs as a percentage of sales.
3) The company maintains a buy recommendation due to initiatives in steelmaking and backward integration that should lower costs starting in FY2013 and valuation remains attractive.
1) For 1QFY2012, Persistent Systems reported revenues of ₹224 crore, up 5.2% over the previous quarter and 23.6% over the same period last year.
2) EBITDA was ₹40 crore, up 5.3% over the previous quarter but margins declined.
3) PAT was ₹28 crore, down 16.8% over the previous quarter due to higher taxes.
4) Management maintained revenue guidance of 29% growth for FY2012 and expects PAT to remain flat despite higher tax rates.
HT Media reported a 22.7% year-over-year increase in revenue to ₹494 crore for the first quarter of FY2012. Revenue was also up 5.8% quarter-over-quarter. Advertising revenue grew 17% year-over-year, with 18% growth in English and 15% growth in Hindi. Operating profit rose 11.8% year-over-year to ₹87.8 crore due to higher other income and lower tax rates, although operating margins contracted by 174 basis points. The company maintained its Accumulate rating based on expectations of continued revenue growth and margin expansion.
The market ended lower, with the Sensex and Nifty closing down 0.3%. Mid- and small-cap indices closed higher. Select heavyweights like Hindalco Industries and BHEL gained 1-3%, while TCS and Tata Motors lost 1-2%. In corporate news, Motherson Sumi Systems agreed to acquire an 80% stake in Peguform for €141.5 million. HDFC Bank, Cadila Healthcare, Crompton Greaves, and Ashok Leyland are scheduled to announce their quarterly results. The trend for the day will be decided by whether Nifty trades above or below the levels of 18,533/5,572 in early trade.
- GSM subscriber additions in India continued their declining trend in June 2011, with net additions of 9.6 million, down 10% from the previous month.
- All major operators except BSNL reported a drop in subscriber additions. Bharti and Vodafone each added 2.1 million subscribers.
- The total GSM subscriber base reached 598.8 million in June 2011, with Bharti, Vodafone, Idea and BSNL maintaining their major market shares.
The document provides a technical analysis of the Indian stock market indices Sensex and Nifty for the week of July 16, 2011. It summarizes that the indices declined over 1.5% for the week and are currently trading in a range between 18,326/5496 on the downside and 19,132/5740 on the upside. It notes that a break above or below this range would dictate the direction of the upcoming trend. The analysis also lists pivot levels for 50 Nifty stocks to watch in the coming week.
The document provides a summary of derivative market activity in India for July 18, 2011. Key points include:
- Nifty futures open interest increased 0.67% while Mini Nifty increased 3.48% as the market closed at 5581.10
- Nifty July futures closed at a premium of 5.85 points and August futures at a premium of 22.60 points
- Implied volatility of at-the-money options decreased from 18% to 17.3%
- Total open interest in the market was Rs. 135,158 crore with stock futures open interest at Rs. 34,675 crore.
- The key Indian stock indices declined slightly, with the Sensex and Nifty closing down 0.3%.
- GSM subscriber additions in India continued their declining trend in June across most major operators such as Idea, Bharti Airtel, and Vodafone. Total GSM subscriber addition was 9.6 million, down 10% from the previous month.
- Tata Motors reported flat annual global sales growth in June 2011 compared to the previous year.
- South Indian Bank reported a 41.2% year-over-year increase in net profit to Rs. 82 crores for the first quarter of fiscal year 2012, slightly below analyst estimates.
- Business growth remained strong, with advances growth of 31.2% and deposits growth of 35.5% year-over-year. However, net interest margins compressed by 29 basis points sequentially to 2.8% due to a sharp rise in the bank's cost of deposits.
- Non-interest income was boosted by treasury gains, but fee income growth was modest. Asset quality was stable with gross and net NPAs rising marginally, and provision coverage at a comfortable 73.1%.
Bajaj Auto reported marginally lower-than-expected results for the first quarter of fiscal year 2012, with net sales growth of 22.8% year-over-year driven by a 17.7% increase in volumes. However, operating margins contracted by 145 basis points quarter-over-quarter to 19.1% due to a 150 basis point increase in raw material costs. As a result, net profit grew by 20.5% year-over-year to ₹711 crore, which was slightly below analyst estimates. Going forward, the analyst expects further margin pressure and has revised downward its earnings estimates for fiscal years 2012 and 2013 to factor in higher raw material costs and changes to export incentives.
1) Tata Consultancy Services (TCS) reported strong results for the first quarter of fiscal year 2012, outperforming expectations with revenue growth of 6.3% over the previous quarter and 31.4% over the same quarter of the previous fiscal year.
2) A key highlight was 7.4% quarter-over-quarter growth in business volumes. While profit margins declined due to wage hikes, net profit remained flat due to foreign exchange gains.
3) Management maintained a positive outlook, highlighting strong demand environment and deal pipeline, and expects pricing increases later in the fiscal year.
The document summarizes the Indian stock market outlook and performance on July 15, 2011. It reports that domestic indices closed with modest gains of 0.1-0.4%, while global indices declined. Wholesale price inflation in India rose to 9.44% in June 2011, above estimates and persisting above 9% for seven months, driven by increases in primary articles and fuel costs. Key benchmark levels are identified for determining if the market may continue rallying or correct in the near term.
The summary is:
1) The derivative report analyzes the movement in Nifty futures, options, and individual stocks between July 14-15, 2011.
2) Nifty futures open interest decreased while mini Nifty open interest increased as the market closed at 5599.80.
3) Implied volatility of at-the-money options increased from 17.6% to 18%.
The Sensex and Nifty indices opened lower and traded with volatility, closing marginally lower. On the sectoral front, Realty, Banks and Healthcare gained while IT and FMCG fell. The advance-decline ratio favored advancing stocks. On the daily chart, prices tested but did not close above the downward gap area of 18,679-18,589/5,601-5,580 levels. Immediate resistance is seen at 18,735/5,633, while 18,449/5,541 is crucial support.
1) Infosys reported modest revenue growth of 3.2% qoq for 1QFY2012. EBITDA and margins declined due to wage hikes.
2) Guidance for 2QFY2012 revenue growth was lower than expected at 3.5-5% qoq. Annual revenue growth guidance was unchanged.
3) The analyst revised EPS estimates down and cut the target price to INR 3,200 due to macro concerns and muted guidance.
The daily technical report provides the following information:
1) The Sensex and Nifty indexes opened with a downside gap and remained negative throughout the day, with the realty, IT, and auto sectors among the major losers.
2) On the daily chart, the indexes tested the 20-day simple moving average for support and closed above it, while the RSI and ADX indicators show a negative crossover.
3) The report recommends selling REL. INFRA. futures with a stop loss of Rs. 579.05 and target of Rs. 552.00.
The key points from the document are:
1) Domestic indices tumbled over 1% as global stocks fell on concerns over the spreading eurozone debt crisis.
2) High intraday volatility was seen in the market as it reacted to disappointing industrial production growth data and reports of a cabinet reshuffle.
3) Infosys reported a 4.3% rise in quarterly revenue but margins declined due to wage hikes, while its full-year revenue guidance remained unchanged.
1) Infosys reported modest revenue growth of 3.2% qoq for 1QFY2012. EBITDA and margins declined due to wage hikes.
2) Guidance for 2QFY2012 revenue growth was lower than expected at 3.5-5.0% qoq. Annual revenue growth guidance remained unchanged.
3) The brokerage firm revised down its target price for Infosys to INR 3,200 per share and recommended accumulating the stock.
1. Derivative Report
India Research
May 20, 2010
Comments
Nifty Vs OI
The Nifty futures’ open interest increased by 6.31%,
while, Minifty futures open interest increased by
40.12%, as market closed at 4919.65 levels.
The Nifty May future closed at a premium of 3.25
points, as against a discount of 2.80 points in the last
trading session, while the June future closed at a
discount of 0.95 points.
The PCR-OI decreased from 1.08 to 1.03 points.
The Implied volatility of At-the-money options
increased from 22.00% to 28.50%.
The total open interest of the market is Rs1,44,408cr
of which Stock futures’ open interest is Rs36,115cr.
Some liquid counters were cost of carry is positive are
IVRCLINFRA, STERLINBIO, KSOILS, ONGC and
PRAJIND.
OI Gainers
OI PRICE
View
SCRIP OI CHANGE PRICE CHANGE
(%) (%) FIIs have formed short positions in the Index futures.
UNITECH 61822500 22.35 71.35 -6.43
They were net sellers of Rs.1384cr in the cash
market segment. The US markets closed down
GESHIP 966000 21.23 280.6 -6.48 around 0.50% but most of the Asian markets are in
ICICIBANK 12935350 14.97 824.45 -7.28 green. We may see a flattish opening.
FSL 34608500 13.88 27.05 -5.09 Yesterday, huge build-up was observed in most of
the Call options and unwinding in many Put
INFOSYSTCH 3061400 13.33 2602.85 -1.00 options, which were mainly in in-the-money puts.
OI Losers Aggressive selling at current level is not advisable.
As lot of short positions is standing in the market.
OI PRICE
Therefore, it is advisable to be cautious while
SCRIP OI CHANGE PRICE CHANGE
(%) (%)
trading with negative bias.
CUMMINSIND 291900 -17.24 569.00 -1.74 Capital goods major BHEL was showing some
strength yesterday, and option data is suggesting
BOSCHLTD 5200 -16.13 5078.30 -0.61 support around current level. Therefore, positional
CHENNPETRO 752400 -15.21 254.65 0.45 traders can form long positions in it.
AUROPHARMA 1626150 -14.60 875.80 -3.12
FEDERALBNK 1126724 -14.25 312.70 1.69
Put-Call Ratio Historical Volatility
SCRIP PCR-OI PCR-VOL SCRIP HV
NIFTY 1.03 0.93 GTLINFRA 45.25
RELIANCE 0.21 0.31 ORCHIDCHEM 54.75
RNRL 0.32 0.24 MTNL 47.15
ICICIBANK 0.88 0.51 BEML 41.54
TATASTEEL 0.24 0.39 ICICIBANK 50.79
Sebi Registration No: INB 010996539 For Private Circulation Only 1
2. Derivative Report | India Research
FII Statistics for 19-May-2010 Turnover on 19-May-2010
Open Interest
No. of Turnover Change
Detail Buy Sell Net Instrument
Contracts (Rs. in cr.) (%)
Contracts Value Change
(Rs. in cr.) (%)
INDEX Index Futures 1106995 25723.45 51.08
3674.13 5229.28 (1,555.15) 572432 14052.28 2.94
FUTURES
INDEX Stock Futures 699898 21875.56 28.52
9474.98 6806.50 2,668.49 1944497 47801.33 0.32
OPTIONS
STOCK Index Options 3332606 84515.47 48.38
3131.42 3108.92 22.50 1051930 29286.42 1.34
FUTURES
STOCK Stock Options 129060 4460.61 24.95
342.93 356.39 (13.46) 46794 1378.91 2.98
OPTIONS
TOTAL 16623.47 15501.10 1,122.37 3615653 92518.93 1.06 Total 5268559 136575.09 44.41
Nifty Spot = 4919.65 Lot Size = 50
Bull-Call Spreads Bear-Put Spreads
Action Strike Price Risk Reward BEP Action Strike Price Risk Reward BEP
Buy 5000 46.70 Buy 4900 76.10
27.55 72.45 5027.55 33.85 66.15 4866.15
Sell 5100 19.15 Sell 4800 42.25
Buy 5000 46.70 Buy 4900 76.10
39.85 160.15 5039.85 53.75 146.25 4846.25
Sell 5200 6.85 Sell 4700 22.35
Buy 5100 19.15 Buy 4800 42.25
12.30 87.70 5112.30 19.90 80.10 4780.10
Sell 5200 6.85 Sell 4700 22.35
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation
Nifty Put-Call Analysis
For Private Circulation Only Sebi Registration No: INB 010996539 2
3. Derivative Report | India Research
Strategy Date Scrip Strategy Status
30-04-2010 RELCAPITAL Long Call Ladder Continue
30-04-2010 NAGARFERT Long Call Continue
08-05-2010 HINDUNILVR Short Strangle Continue
17-May-2010 CAIRN Long Put Continue
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specific transaction to the companies referred to in this report, as on the date of this report or in the past.
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Derivative Research Team derivatives.desk@angeltrade.com
For Private Circulation Only Sebi Registration No: INB 010996539 3