Jan 05, 2015
Nifty Vs OI
The Nifty futures open interest increased by 1.55% while
BankNifty futures open interest has increased by 3.12%
as market closed at 8395.45 levels.
The Nifty January future closed at premium of 62.95
points against a premium of 59.80 points. The February
series closed at a premium of 115.10 points.
The Implied Volatility of at the money options has
decreased from 13.86% to 12.34%.
Nifty PCR-OI has increased from 1.10 to 1.11 levels.
The total OI of the market is Rs. 1,82,488/- cr. and the
stock futures OI is Rs. 61,302/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPPOWER, UNITECH, JISLJALEQS,
HDFCBANK and JSWENERGY.
Friday market surprised us with an upswing of more
100 points after four days range bound
movement. FIIs were net buyers in cash market
segment of worth Rs. 259 crores. In Index Futures
they were net buyers with rise in open interest
indicating formation of some fresh long positions.
In Index Options they were marginal buyers with rise
in open interest suggesting long formation. PCR-OI
increased mainly due to open interest addition in put
options while implied volatility decreased on the
closing basis. We saw good amount of open interest
addition in 8400 put options followed by unwinding
in lower put strikes. We believe seeing Friday’s move
those who had gone long in lower strike prices must
have squared off their positions but at the same time
we saw huge long formation in 8400 strike price
indicating we may see some pressure. On the other
hand in call options some buildup was seen in 8700
& 8800 strike price which may be short positions.
Maximum buildup in current is seen in 8600 call &
800 put options.
We still maintain our negative stance in market. One
should adopt sell on rise strategy and avoid going
long in market.
Jan 05, 2015
FII Statistics for 02-Jan-2015
Turnover on 02- Jan -2015
Nifty Spot =8395.45
Lot Size = 50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Jan Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
Jan 05, 2015
Loss booked on 02-01-2015.
Research Team Tel: 022 - 39357800
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should
make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the
companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine
the merits and risks of such an investment.
Angel Broking Pvt. Limited, its affiliates, directors, its proprietary trading and investment businesses may, from time to time, make
investment decisions that are inconsistent with or contradictory to the recommendations expressed herein. The views contained in
this document are those of the analyst, and the company may or may not subscribe to all the views expressed within.
Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's
The information in this document has been printed on the basis of publicly available information, internal data and other reliable
sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this
document is for general guidance only. Angel Broking Pvt. Limited or any of its affiliates/ group companies shall not be in any way
responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this
Angel Broking Pvt. Limited has not independently verified all the information contained within this document. Accordingly, we
cannot testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this
document. While Angel Broking Pvt. Limited endeavours to update on a reasonable basis the information discussed in this material,
there may be regulatory, compliance, or other reasons that prevent us from doing so.
This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,
redistributed or passed on, directly or indirectly.
Angel Broking Pvt. Limited and its affiliates may seek to provide or have engaged in providing corporate finance, investment
banking or other advisory services in a merger or specific transaction to the companies referred to in this report, as on the date of
this report or in the past.
Neither Angel Broking Pvt. Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise
from or in connection with the use of this information.
Note: Please refer to the important `Stock Holding Disclosure' report on the Angel website (Research Section). Also, please refer to
the latest update on respective stocks for the disclosure status in respect of those stocks. Angel Broking Pvt. Limited and its affiliates
may have investment positions in the stocks recommended in this report.
Derivative Research Team
Email Id : -
For Private Circulation Only
SEBI Registration No: INB 010996539