Nifty Vs OI
The Nifty futures open interest has decreased by 0.98%
BankNifty futures open interest has increased by 3.71%
as market closed at 8521.55 levels.
The Nifty July future closed at a premium of 12.80 points
against premium of 13.90 points. The August series
closed at a premium of 54.95 points.
The Implied Volatility of at the money options has
decreased from 13.17% to 12.05%.
Nifty PCR-OI has decreased from 1.15 to 1.06 levels.
The total OI of the market is Rs. 2,59,358/- cr. and the
stock futures OI is Rs. 69,345/- cr.
Few of the liquid counters where we have seen high cost
of carry are GMRINFRA, IFCI, POWERGRID, BIOCON and
On Friday, FIIs activity in cash market was
subdued. Whereas, they sold Index Futures
marginally with fall in open interest, suggesting
combination of both short covering and long
In Index options front, FIIs were net sellers of Rs.
782 crores with some rise in open interest. We saw
significant amount of buildup in the range of
8500-8700 call options which may be short
positions as IV’s plunged more than 100 bps.
Whereas, in put options, we hardly saw any strike
adding any fresh open interest, we witnessed huge
unwinding in 8400-8600 put options. Maximum
buildup in current series is seen in 8700 call and
8500 put options.
We have witness good amount of buying in Index
Futures by FIIs from start of July series and we
believe these positions are still intact. We would
avoid going short at current levels till we see any
change in data. Rollover in Nifty and BankNifty is
14.90% & 16.61% respectively.
FII Statistics for 24-July 2015
Turnover on 24-July 2015
Nifty Spot = 8521.55
Lot Size = 25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
June 29, 2015
Ratio Bear Put Spread
July 06, 2015
Ratio Bull Call Spread
July 13, 2015
Long Put Ladder
July 20, 2015
Ratio Bull Call 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 Broking Private Limited is a registered entity with SEBI for Research
Analyst in terms of SEBI (Research Analyst) Regulations, 2014 vide registration number INH000000164. 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 company's fundamentals.
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.
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