Technical & Derivatives Report
Nifty Vs OI
13800
14000
14200
14400
14600
14800
15000
15200
15400
,0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
3/10 3/16 3/18 3/22 3/24 3/26
(`000)
Openinterest Nifty
The benchmark index begun the session with some
nervousness and then we witnessed some follow-up
selling in the early moring trade. As the day progressed,
we saw some consolidation to conclude the session with
a cut over a percent.
FIIs were net sellers in the cash segment to the tune
of Rs. 1686 crores. In index futures front, they were
net sellers worth Rs. 2448 crores with good amount
of rise in open interest; suggesting short formation in
last two trading sessions.
The open interest activity in Nifty has been
inconsistent
these days. Last Friday, we saw decent longs and then in
Tuesday’s rally hardly any OI addition was visible.
Yesterday, we saw huge unwinding as outstanding
contracts plunged by 17%. Hence, the above build-up
doesn’t give any clear indication. Unlike Nifty, the
banking index has majority of shorts in system and any
correction in last three days has also attracted decent
shorts. In options front, 14800 and 15000 calls added
decent shorts; whereas, decent unwinding was
witnessed in 14500-14700 put strikes. Considering the
above data points, we maintain our cautious stance on
market and hence, would advise avoiding any
aggressive bets.
The Nifty futures open interest has decreased by 17.54.
Bank Nifty futures open interest has increased by 5.95%
as market closed at 14690.70 levels.
The Nifty April future closed with a premium of point
61.60 against a premium of 64.45 point in last trading
session. The May series closed at a premium of 111.75
point.
The INDIA VIX decreased slightly from 20.65 to 20.64.
At the same time, the PCR-OI of Nifty decreased from
1.31 to 1.10.
Few of the liquid counters where we have seen high cost
of carry are IDEA, SAIL, ONGC, NMDC and EXIDEIND.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
IDFCFIRSTB 197448000 22.89 55.70 -6.07
PEL 3684450 19.01 1753.15 -0.71
LALPATHLAB 195250 17.98 2707.05 3.24
IDEA 592340000 17.28 9.25 1.08
HDFCBANK 29211600 13.60 1493.65 -3.42
HEROMOTOCO 4447500 12.40 2913.60 -0.85
CUMMINSIND 1945200 11.26 919.65 2.12
AARTIIND 459850 10.63 1317.40 -1.69
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
MINDTREE 1760000 -10.17 2083.90 -1.89
HINDPETRO 25795800 -5.99 234.50 1.49
GODREJPROP 1718600 -4.93 1406.80 4.44
CIPLA 10999300 -4.34 815.10 0.28
SAIL 154052000 -3.93 78.80 0.06
CADILAHC 10150800 -3.92 440.90 1.43
HDFCLIFE 8317100 -3.80 696.20 1.21
INDIGO 3522000 -3.72 1632.00 2.59
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.10 0.98
BANKNIFTY 0.79 0.96
RELIANCE 0.59 0.51
ICICIBANK 0.66 0.47
INFY 0.59 0.44
Historical Volatility
SCRIP HV
IDFCFIRSTB 60.22
HDFCBANK 39.24
HDFC 46.65
AMBUJACEM 43.36
GODREJPROP 58.68