Axis Direct presents daily derivatives report presenting recommendations based on technical analysis. For trading in derivatives visit https://simplehai.axisdirect.in/offerings/products/derivatives

1. 13 August 2019 For private circulation only
WEEKLY DERIVATIVE REPORT
13 August 2019
Nifty Futures View Volatility FII Activity
Nifty Active Futures 11122.95 India VIX Index 15.84 INDEX FUTURES -271
Nifty Active Futures OI 17846175 Nifty ATM Call IV 11.47 INDEX OPTIONS 1197
Change in OI -570075 Nifty ATM Put IV 16.52 STOCK FUTURES 47
Premium / Discount 13.30 PCR Index Options 1.24 STOCK OPTIONS 42
Inference Short Covering PCR F&O Total 0.86 FII Net Activity 1015
NNiiffttyy OOppttiioonnss OOII DDiissttrriibbuuttiioonn HIGHLIGHTS: Nifty futures closed at 11122.95 on a positive
note with 3.10% decrease in open interest indicating Short
Covering. Futures closed at a premium of 13 points compared
to previous day premium of 32 points.
FII's were Sellers in Index Futures to the tune of 271 crores
and were Buyers in Index Options to the tune of 1197 crores,
Stock Futures were Buyers to the tune of 42 crores. FII's were
Net Buyers in derivative segment to the tune of 1015 crores.
India VIX index is at 15.84. Nifty ATM call option IV is currently
at 11.47 whereas Nifty ATM put option IV is quoting at 16.53.
Index options PCR is at 1.24 and F&O Total PCR is at 0.86.
NNiiffttyy OOppttiioonnss --CChhaannggee iinn OOII
Among stock futures DHFL, MCX, TATACHEM & CHOLAFIN
have witnessed long build up and may show strength in
coming session.
Stock which witnessed short build up are MGL, YESBANK,
NBCC & BSOFT and may remain weak in coming session.
Nifty Put options OI distribution shows that 11000 has highest
OI concentration followed by 10800 & 10700 which may act as
support for current expiry.
Nifty Call strike 11500 followed by 11000 witnessed significant
OI concentration and may act as resistance for current expiry.
SSEECCUURRIITTIIEESS IINN BBAANN PPEERRIIOODD::
NNIILL
__________________________________________________________________________________________________________________
SSttoocckk FFuuttuurreess -- LLoonngg BBuuiilldd
______________________________________________________________________________________________________________
SSttoocckk FFuuttuurreess -- SShhoorrtt BBuuiilldd UUpp
Symbol
Fut
Price
% Chg Open Interest % Chg
DHFL 43.95 1.27% 20716000.00 9.49%
MCX 847.40 3.28% 1506400.00 9.29%
TATACHEM 569.60 1.07% 2492100.00 7.70%
CHOLAFIN 273.55 0.79% 4145000.00 7.45%
Symbol
Fut
Price
% Chg
Open
Interest
% Chg
MGL 776.70 -4.78% 1456800.00 17.35%
YESBANK 81.95 -8.69% 163200400.00 16.87%
BSOFT 63.05 -3.00% 3493500.00 8.56%
NBCC 34.70 -12.92% 47906000.00 7.99%
0
50
100
150
200
250
300
350
10700
10800
10900
11000
11100
11200
11300
11400
11500
11600
x10000
Call_oi Put_oi
-40
-30
-20
-10
0
10
20
30
10700
10800
10900
11000
11100
11200
11300
11400
11500
11600
x10000
Call_chg Put_chg

2. 13 August 2019 For private circulation only
WEEKLY DERIVATIVE REPORT
Week ended 10 August 2019
NNIIFFTTYY HHIIGGHHLLIIGGHHTTSS::
 Nifty Futures has increased by 0.90% to close at 11,122 from previous week close of 11,024.
 Nifty annualized volatility index India Vix has increased to 15.85% from 15.19% up by 4.33%.
 The total open interest (OI) in the Nifty stood at Rs 14,068cr.Where as stock futures OI is at 52,390cr.
 The open interest position of FII in Index Futures is at Rs 21,550Cr and in Stock futures is at Rs 91,615Cr.
Nifty PCR OI  PCR OI has come up from low of 0.98
to making high of 1.24 and closed at
high on weekly basis at 1.24 levels.
 PCR OI currently is at 1.24 levels which is
above the median line indicating that we
will see Nifty continue its ongoing
momentum from current levels with a
cautious bias.
OOppeenn IInntteerreesstt AAnnaallyyssiiss
 Options Built up Shows that for now
nifty has strong support at 11,000
followed by 10,800 and resistance at
11,300 levels followed by 11,500.
 11,000 & 11,500 strike call and 11,000
put followed by 10,800 put has highest
open interest concentration which
suggests that Nifty is likely to remain
&trade between this levels.
CChhaannggee iinn OOppeenn IInntteerreesstt
 This week major addition was seen on the
Put front with 10,700 and 10,800 strikes
adding 8.87 and 7.71 lakh in OI
respectively.
 On the Call front we have seen addition at
10,900 strike with increase in OI of 6.99
lakh shares, while addition of 4.41 lakh
shares was witnessed in 11,000 strike.
0.80
1.00
1.20
1.40
1.60
1.80
3.00
3.50
4.00
4.50
5.00
5.50
6.00
29-Jul
30-Jul
31-Jul
1-Aug
2-Aug
5-Aug
6-Aug
7-Aug
8-Aug
9-Aug
PUTCALLRATIO
OIincr.
Call OI Put OI
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
10500
10600
10700
10800
10900
11000
11100
11200
11300
11400
11500
11600
11700
OpenInterest
Open Interest Put OI Call OI
-1,000,000
-500,000
0
500,000
1,000,000
10500
10600
10700
10800
10900
11000
11100
11200
11300
11400
11500
11600
11700
OpenInterest
Change in Open Interest Call OI Put OI

3. 13 August 2019 For private circulation only
WEEKLY DERIVATIVE REPORT
VVoollaattiilliittyy AAnnaallyyssiiss
 IV differential between call and put has
significantly increased from last week level,
which implies that nifty, will be cautious at
higher levels & might trade with negative
bias.
 Call IV’s currently at 14.05%, while Put IV’s are
at 16.29%.
 Implied Volatility of option for the current series is
at 15.16% and has seen an increase from lower
level in this week.
WWeeeekkllyy PPaarrttiicciippaanntt WWiissee OOppeenn IInntteerreesstt
Participant
FUT IDX
Long
(contracts)
Net Chg
FUT IDX
Short
(contracts)
Net Chg
Client 179,029 -4,371 123,372 -43,518
DII 65,646 -2,563 6,628 -1,382
FII 68,728 8,984 204,173 42,395
Pro 38,218 -10,702 17,448 -6,147
Participant
FUT STK
Long
(contracts)
Net Chg
FUT STK
Short
(contracts)
Net
Chg
Client 760,552 -53,408 203,400 2,915
DII 23,623 4,469 1,003,512 -19,397
FII 951,152 47,011 601,687 21,556
Pro 159,874 9,797 86,602 2,795
FFIIII IInnddeexx FFuuttuurreess
 FII activity in the index futures had been sellers
during this week.
 FII have been net sellers in Index future to the
tune of 2679 crore during this week.
FFIIII SSttoocckk FFuuttuurreess
 FII activity in Stock futures had been mostly on
the Buy side during the last week.
 This week FII have been net buyers in stock future
segment to the tune 2930 crore.
9.00
10.00
11.00
12.00
13.00
14.00
15.00
16.00
17.00
18.00
19.00
29-Jul-
19
30-Jul-
19
31-Jul-
19
1-Aug-
19
2-Aug-
19
5-Aug-
19
6-Aug-
19
7-Aug-
19
8-Aug-
19
9-Aug-
19
Implied volatility(IV) IV Call Iv Put Historic volatility
225,000
250,000
275,000
05-Aug 06-Aug 07-Aug 08-Aug 09-Aug
-1,500
-1,000
-500
0
500
InCrores
NET AMT OI IN CONTRACT
1,500,000
1,515,000
1,530,000
1,545,000
1,560,000
05-Aug 06-Aug 07-Aug 08-Aug 09-Aug
0
200
400
600
800
1,000
1,200
1,400
InCrores
NETAMT OI IN CONTRACT

4. 13 August 2019 For private circulation only
WEEKLY DERIVATIVE REPORT
SSeeccttoorr WWiissee OOppeenn IInntteerreesstt AAnndd PPrriiccee DDaattaa
WWeeeekkllyy PPrriiccee CChhaannggee WWeeeekkllyy OOII CChhaannggee WWeeeekkllyy PPCCRR CChhaannggee
WWeeeekkllyy OOppeenn IInntteerreesstt GGaaiinneerr WWeeeekkllyy OOppeenn IInntteerreesstt LLoosseerr
Script ID Price % Chg OI Futures % Chg
BERGEPAINT 360.6 7.59% 2948000 48.72%
TORNTPOWER 289.9 -3.75% 4731000 33.08%
BALKRISIND 772.95 8.81% 2486400 32.09%
CONCOR 477.75 -3.65% 2621151 31.74%
NBCC 34.7 -19.40% 47906000 29.77%
Script ID Price % Chg OI Futures % Chg
MANAPPURAM 123.25 8.83% 11652000 -22.38%
APOLLOTYRE 161.9 7.50% 7380000 -18.89%
TORNTPHARM 1679.6 0.27% 562500 -16.97%
AMARAJABAT 630.2 -4.08% 1474200 -16.69%
NIFTYIT 15857 2.15% 11700 -15.22%
WWeeeekkllyy PPrriiccee GGaaiinneerr WWeeeekkllyy PPrriiccee LLoosseerr
Script ID Price % Chg OI Futures % Chg
SRF 2903.4 10.18% 1065750 15.00%
BATAINDIA 1431.3 9.25% 2759350 9.54%
HEROMOTOCO 2632.6 9.07% 2440400 -2.92%
L&TFH 104.3 8.93% 31783500 0.37%
MANAPPURAM 123.25 8.83% 11652000 -22.38%
Script ID Price % Chg OI Futures % Chg
NBCC 34.7 -19.40% 47906000 29.77%
JINDALSTEL 99.8 -16.97% 35763200 -0.50%
IDEA 5.4 -14.96% 466284000 9.16%
BSOFT 63.05 -13.21% 3493500 26.62%
TATASTEEL 363.6 -11.55% 33757837 7.14%
1.05%
3.48%
0.62%
2.33%
0.98%
-6.06%
-0.47%
1.83%
4.91%
-1.79%
3.74%
1.52%
3.81%
-1.05%
-0.61%
0.87%
-0.88%
-3.33%
-1.67%
Wkly Price change
Textile
Fertilisers
Oil_Gas
Cement
Capital_Good
s
Media
FMCG
Pharma
Automobile
Infrastructure
Finance
Others
Power
Metals
Technology
Realty
Banking
Telecom
Index -1.08%
-0.01%
0.57%
6.03%
-0.02%
-6.37%
-4.07%
-1.78%
6.50%
-0.64%
-0.75%
-0.20%
3.83%
-5.71%
-2.43%
3.45%
-1.48%
4.60%
7.46%
Wkly OI change
Textile
Fertilisers
Oil_Gas
Cement
Capital_Good
s
Media
FMCG
Pharma
Automobile
Infrastructure
Finance
Others
Power
Metals
Technology
Realty
Banking
Telecom
Index
1.90%
2.35%
1.06%
0.52%
1.19%
1.06%
0.57%
0.37%
1.24%
1.81%
1.08%
0.85%
0.87%
0.46%
1.09%
0.58%
0.79%
0.82%
0.57%
Wkly Roll Over change
Textile
Fertilisers
Oil_Gas
Cement
Capital_Good
s
Media
FMCG
Pharma
Automobile
Infrastructure
Finance
Others
Power
Metals
Technology
Realty
Banking
Telecom
Index

5. 13 August 2019 For private circulation only
WEEKLY DERIVATIVE REPORT
SSttoocckk wwiissee OOppeenn IInntteerreesstt DDiissttrriibbuuttiioonn iinn BBaannkkiinngg SSeeccttoorr
BBaannkk NNiiffttyy OOppeenn IInntteerreesstt ffoorr PPSSUU BBaannkkss VV//ss PPrriivvaattee BBaannkkss
BBaannkk NNiiffttyy SSttrriikkee wwiissee ooppeenn iinntteerreesstt ddiissttrriibbuuttiioonn
ICICIBANK, KOTAKBANK and HDFCBANK can see some POSITIVE move in this week.
Bank Nifty has a very strong support at 28,000 with 28,000 PE strike having highest OI concentration
followed by 27,500 and on the call front 29,000 CE strike has highest OI concentration indicating strong
resistance level followed by 29,500.
AXISBANK
BANKBARODA
BANKINDIA
CANBK
FEDERALBNK
HDFCBANK
ICICIBANK
IDBI
IDFCFIRSTB
INDUSINDBK,
1%
KOTAKBANK
PNB, 11%
RBLBANK
SBIN
UNIONBANK
YESBANK
45%
55%
Open Interest
Psu Bank Private Bank
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
27500
27600
27700
27800
27900
28000
28100
28200
28300
28400
28500
28600
28700
28800
28900
29000
29100
29200
29300
29400
29500
OpenInterest
Open Interest
Call OI Put OI

6. 13 August 2019 For private circulation only
WEEKLY DERIVATIVE REPORT
Disclaimer:
Nothing in this report constitutes investment, legal, accounting and tax advice or a representation that any investment or strategy is suitable
or appropriate to the recipient’s specific circumstances. The securities and strategies discussed and opinions expressed, if any, in this report
may not be suitable for all investors, who must make their own investment decisions, based on their own investment objectives, financial
positions and needs of specific recipient.
This report may not be taken in substitution for the exercise of independent judgment by any recipient. Each recipient of this report should
make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies
referred to in this report (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of
such an investment. Certain transactions, including those involving futures, options and other derivatives as well as non-investment grade
securities involve substantial risk and are not suitable for all investors. ASL, its directors, analysts or employees do not take any
responsibility, financial or otherwise, of the losses or the damages sustained due to the investments made or any action taken on basis of this
report, including but not restricted to, fluctuation in the prices of shares and bonds, changes in the currency rates, diminution in the NAVs,
reduction in the dividend or income, etc. Past performance is not necessarily a guide to future performance. Investors are advise necessarily
a guide to future performance. Investors are advised to see Risk Disclosure Document to understand the risks associated before investing in
the securities markets. Actual results may differ materially from those set forth in projections. Forward-looking statements are not
predictions and may be subject to change without notice.
ASL and its affiliated companies, their directors and employees may; (a) from time to time, have long or short position(s) in, and buy or sell
the securities of the company(ies) mentioned herein or (b) be engaged in any other transaction involving such securities or earn brokerage or
other compensation or act as a market maker in the financial instruments of the company(ies) discussed herein or act as an advisor or
investment banker, lender/borrower to such company(ies) or may have any other potential conflict of interests with respect to any
recommendation and other related information and opinions. Each of these entities functions as a separate, distinct and independent of each
other. The recipient should take this into account before interpreting this document.
ASL and / or its affiliates do and seek to do business including investment banking with companies covered in its research reports. As a
result, the recipients of this report should be aware that ASL may have a potential conflict of interest that may affect the objectivity of this
report. Compensation of Research Analysts is not based on any specific merchant banking, investment banking or brokerage service
transactions. ASL may have issued other reports that are inconsistent with and reach different conclusion from the information presented in
this report.
Neither this report nor any copy of it may be taken or transmitted into the United State (to U.S. Persons), Canada, or Japan or distributed,
directly or indirectly, in the United States or Canada or distributed or redistributed in Japan or to any resident thereof. If this report is
inadvertently sent or has reached any individual in such country, especially, USA, the same may be ignored and brought to the attention of
the sender. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located
in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law,
regulation or which would subject ASL to any registration or licensing requirement within such jurisdiction. The securities described herein
may or may not be eligible for sale in all jurisdictions or to certain category of investors.
The Disclosures of Interest Statement incorporated in this document is provided solely to enhance the transparency and should not be
treated as endorsement of the views expressed in the report. The Company reserves the right to make modifications and alternations to this
document as may be required from time to time without any prior notice. The views expressed are those of the analyst(s) and the Company
may or may not subscribe to all the views expressed therein.
Copyright in this document vests with Axis Securities Limited.
Axis Securities Limited, SEBI Single Reg. No.- NSE, BSE & MSEI – INZ000161633, ARN No. 64610, CDSL-IN-DP-CDSL-693-2013, SEBI-
Research Analyst Reg. No. INH 000000297, SEBI Portfolio Manager Reg. No.- INP000000654, Main/Dealing off.- Unit No. 2, Phoenix Market
City, 15, LBS Road, Near Kamani Junction, Kurla (west), Mumbai-400070, Tel No. – 18002100808, Reg. off.- Axis House, 8th Floor, Wadia
International Centre, Pandurang Budhkar Marg, Worli, Mumbai – 400 025.Compliance Officer: Anand Shaha, E-Mail ID:
compliance.officer@axisdirect.in,Tel No: 022-42671582.