Jan 07, 2015
Nifty Vs OI
The Nifty futures open interest decreased by 6.86% while
BankNifty futures open interest has increased by 8.55%
as market closed at 8127.35 levels.
The Nifty January future closed at premium of 30.55
points against a premium of 44.45 points. The February
series closed at a premium of 86.80 points.
The Implied Volatility of at the money options has
increased from 12.40% to 16.50%.
Nifty PCR-OI has decreased from 1.08 to 0.95 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 JSWENERGY, JPASSOCIAT, UPL, PFC and
Yesterday Nifty corrected more than 250 points and
FIIs also participated in this fall. They sold
significantly in cash market segment of worth Rs.
1570 crores. In Index Futures again they sold in a big
way of worth Rs. 2817 crores with fall in open interest
indicating unwinding of huge long positions.
In Index Options they were net buyers with significant
rise in open interest suggesting blend of both long
and short positions. PCR-OI decreased mainly due to
open interest addition in call options while implied
volatility jumped more than 400 basis points. We saw
good amount of open interest addition in the range
of 8100-8500 call options and we believe these may
be mix of both long & short positions. On the other
hand in put options huge buildup was seen in 7700
& 7800 strike price in the hopes market continuing to
correct further, some buildup was also seen in 7900
& 8100 put options. Good amount of profit booking
was also visible in 8200-8400 put options. Maximum
buildup in current is seen in 8400 call & 8000 put
We still maintain our negative stance in market. One
should adopt sell on rise strategy and avoid going
long in market.
Jan 07, 2015
FII Statistics for 06-Jan-2015
Turnover on 06- Jan -2015
Nifty Spot =8127.35
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 07, 2015
Loss booked on 02-01-2015.
Ratio Put Spread
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