SMC Banking Derivative Daily offers top 5 banking stocks for the day, sector overview, BankNifty trends and also provides BankNifty sentiment indicator

1. BANKING - DERIVATIVE RESEARCH
# All Down @ All Up
13.14
20.35
6.27
14500 15000 15400 15500 15600 15700 15800 16000 16200 16500 17000
Call Put
5.76
1.43
20.20
3.90
68.99
7.00
16.05
34.07
24.03
28.52
78.95
17.27
34.44
9.19
4.26
15.75
3.14
1.41
0.85
90.00
80.00
70.00
60.00
50.00
40.00
30.00
20.00
10.00
0.00
1.06
0.28
3.59
0.46
1.17
9.87
6.73
1.82
4.35
3.11
Call Put 0.16
-0.17
12.00
10.00
8.00
6.00
4.00
2.00
0.00
-2.00
*For interpretation please refer page 2 #For interpretation please refer page 2
-0.46
0.07
2.28
-0.12
-1.54
0.32
0.85
-0.09
0.04
Banknifty v/s OI
Date Banknifty % Change Open Intrest % Change
30-Sep 15475 -0.4% 1479750 -3.9%
01-Oct 15386 -0.6% 1463875 -1.1%
07-Oct 15260 -0.8% 1549650 5.9%
08-Oct 15451 1.2% 1566650 1.1%
09-Oct 15805 2.3% 1581625 1.0%
10-Oct 15496 -2.0% 1522150 -3.8%
13-Oct 15711 1.4% 1658525 9.0%
1
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October 14, 2014
Banknifty level
BANKNIFTY S1 S2 R1 R2
15711 15550 15300 16000 16250
Trend
Short term Long Term
Down Sideways
Banknifty snapshot
13-Oct 10-Oct
Banknifty Spot 15677.50 15453.80
Banknifty Sep 15711.20 15496.25
Banknifty Oct 15808.00 15598.55
Chg. OI (Sep) (%) 8.96 -3.76
Chg. OI (Oct) (%) -0.49 13.89
50 Day SMA 15613 15606
100 Day SMA 15407 15399
200 Day SMA 13559 13538
Sentiment indicator
13-Oct 10-Oct 9-Oct 8-Oct 7-Oct
Banknifty Discount/Premium 33.70 42.45 63.35 107.20 80.20
COST OF CARRY% 0.75 0.77 0.77 0.74 0.72
PCR(OI) 0.98 0.87 0.99 0.90 0.85
PCR(VOL) 0.79 0.91 0.91 0.91 0.79
A/D RATIO(BANKNIFTY) All Up All Down All Up 5.00 0.00
A/D RATIO * All Up All Down All Up 9.50 0.00
Implied Volatality 18.32 18.36 16.62 17.80 18.67
HISTORY. VOL 27.08 27.13 26.32 24.85 24.92
*All Future Banking Stock
Banknifty option OI concentration
In 10000
Banknifty option OI change
In 10000
Banknifty discount / premium
200.0
150.0
100.0
50.0
0.0
-50.0
-100.0
Trading ideas
Scrip Trade Entry Sl Target Status
Canbk 380 Oct Call Buy 13-14 10 22 Intraday
Orientbank 240 Oct Call Buy 7.5-8.0 3 14 Intraday
-0.20
-4.00
14500 15000 15400 15500 15600 15700 15800 16000 16200 16500 17000
146.2
117.5
68.8
-131.9
69.4
80.2
107.2
63.3
42.5
33.7
-150.0
25-Sep 26-Sep 29-Sep 30-Sep 01-Oct 07-Oct 08-Oct 09-Oct 10-Oct 13-Oct

2. *The highest call open interest acts as resistance and highest put open interest acts as support.
# Price rise with rise in open interest suggests long buildup | Price fall with rise in open interest suggests short buildup
# Price fall with fall in open interest suggests long unwinding | Price rise with fall in open interest suggests short covering
Analyst: Dhirender Singh Bisht Boardline : 011-30111000 Extn.649 dhirenderbisht@smcindiaonline.com
SMC Research also available on Reuters
E-mail: researchfeedback@smcindiaonline.com
2
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Top 5 long build up
LTP % change Open interest % OI chng
FederalBnk 136.5 5.65% 16952000 12.00%
UnionBank 206.3 3.33% 8844000 7.23%
INDUSINDBK 638.9 2.22% 5618500 5.16%
BankBaroda 870.6 0.82% 3385500 3.66%
UCOBANK 80.1 0.88% 23576000 2.22%
Top 5 short build up
LTP % change Open interest % OI chng
Banking stocks overview
Private Banks Close Price Chng % Volume Vol Chng % OI % OI PCR Status
AXISBANK 387.55 2.20 2666892 4.14 22172500 -1.79 0.47 Short Covering
FederalBnk 136.5 5.65 6061946 -16.35 16952000 12.00 0.53 Long Buildup
Kotakbank 1012.5 0.44 782065 3.56 2847500 -5.04 0.86 Short Covering
HDFCBank 880 0.96 1344128 26.00 33144000 -2.80 0.43 Short Covering
ICICIBank 1479.4 1.17 1719908 4.89 8226250 -0.81 0.33 Short Covering
IDBI 61.55 1.07 1604818 -3.07 23708000 0.32 0.36 Long Buildup
INDUSINDBK 638.85 2.22 2955157 328.91 5618500 5.16 0.66 Long Buildup
Yesbank 580.2 2.20 1819407 9.94 7278000 -1.01 0.58 Short Covering
PSU Banks Close Price Chng % Volume Vol Chng % OI % OI PCR Status
ALBK 102.45 2.35 2510499 -40.38 12688000 0.35 0.36 Long Buildup
AndhraBank 68.1 2.56 2339385 -42.91 14304000 -1.00 0.53 Short Covering
BankBaroda 870.6 0.82 1115164 45.80 3385500 3.66 0.47 Long Buildup
BankIndia 248.1 3.63 3456544 -8.30 9127000 1.95 0.37 Long Buildup
CanBk 375.5 2.71 1866060 8.27 7046000 -0.09 0.69 Short Covering
IOB 58.5 1.65 1579653 -42.21 16800000 -1.13 0.54 Short Covering
KTKBANK 113.45 1.52 1717949 52.21 17036000 1.70 0.27 Long Buildup
OrientBank 234.35 4.25 2018576 -5.72 6900000 1.50 0.44 Long Buildup
PNB 920.65 2.30 902885 -14.52 4434500 -0.91 0.81 Short Covering
SBIN 2495.1 1.45 1392664 11.19 4725500 1.76 0.52 Long Buildup
SyndiBank 114.9 1.86 1639216 -24.64 11756000 0.34 0.62 Long Buildup
UCOBANK 80.1 0.88 2324942 -2.77 23576000 2.22 0.39 Long Buildup
UnionBank 206.25 3.33 3195784 -10.91 8844000 7.23 0.37 Long Buildup
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