Apr 23, 2015
Nifty Vs OI
The Nifty futures open interest has increased by 0.66%
BankNifty futures open interest has decreased by 0.38%
as market closed at 8429.70 levels.
The Nifty April future closed at premium of 31.50 points
against a premium of 22.70 points. The May series
closed at a premium of 82.00 points.
The Implied Volatility of at the money options has
increased from 17.16% to 17.50%.
Nifty PCR-OI has decreased from 0.86 to 0.85 levels.
The total OI of the market is Rs. 2,44,518/- cr. and the
stock futures OI is Rs. 70,253/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, NHPC, ADANIPOWER, DLF and
FII's continued to sell in cash market, yesterday
they sold Rs. 910 crores of equity. However in last
two trading sessions their selling in index futures
have paused as of now.
PCR-OI has gone down to 0.85 levels as unwinding
of in-the-money puts continued while call built-up
was prominent yesterday in strikes of 8300 and
8400. Interestingly strong built-up was visible in
8000 put as well. Implied volatility has further
increased despite market closing positive.
We believe market fall has been arrested as of
now but built-up in 8500-8600 calls suggest that it
won’t be easy for market to move above this zone.
Short strangle strategy would start generating
decent returns as we now expect fall in IVs.
Apr 23, 2015
FII Statistics for 22-Apr-2015
Turnover on 22-Apr-2015
Nifty Spot = 8429.70
Lot Size = 25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Apr Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
Apr 23, 2015
Long Call Ladder
Ratio Bear Put Spread
Ratio Bear Put Spread
Research Team Tel: 022 - 39357800
Angel Broking Private Limited (hereinafter referred to as “Angel”) is a registered Member of National Stock Exchange of India
Limited, Bombay Stock Exchange Limited and MCX Stock Exchange Limited. It is also registered as a Depository Participant with
CDSL and Portfolio Manager with SEBI. It also has registration with AMFI as a Mutual Fund Distributor. Angel has received in-
principal approval from SEBI for registering as a Research Entity in terms of SEBI (Research Analyst) Regulations, 2014. Angel or its
associates has not been debarred/ suspended by SEBI or any other regulatory authority for accessing /dealing in securities Market.
Angel or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the
company covered by Analyst. Angel or its associates/analyst has not received any compensation / managed or co-managed public
offering of securities of the company covered by Analyst during the past twelve months. Angel/analyst has not served as an officer,
director or employee of company covered by Analyst and has not been engaged in market making activity of the company
covered by Analyst.
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.
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
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
report. 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 endeavors 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.
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.
Derivative Research Team
Email Id : -
For Private Circulation Only
SEBI Registration No: INB 010996539