Technical & Derivatives Report
Nifty Vs OI
12800
13000
13200
13400
13600
13800
14000
14200
14400
,0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
12/15 12/17 12/21 12/24 12/28 12/30 1/1 1/5
(`000)
Openinterest Nifty
We began the session on a positive note almost around
14250 mark; but these gains were short lived as sharp profit
booking at higher levels dragged index below 14050.
Fortunately, once again 14000-14050 acted as a savior for
bulls and smart recovery led closing around 14150.
FIIs were net sellers in the cash segment to the tune of Rs.
484 crore. In index future segment, they sold worth 295
crores with decrease in open interest indicating long
unwinding in yesterday’s session.
In F&O space, we witnessed some unwinding of longs in
Nifty as open interest declined by 5.77 percent, however
longs in Bank Nifty are intact. FII's preferred some profit
booking but the quantum of sell was not high. Yesterday’s
intraday fall certainly created panic kind of situation for put
writers, as we saw decent open interest reduction in 14000-
14100 put strikes. On the other side, good amount of
writing was seen in 14200-14300 call options; which
suggests it won’t be easy for Nifty to surpass this range.
However, the overall F&O data doesn’t hint any sign of
concern yet. Thus, it’s advisable to trade with a positive bias
till the support of 13900-14000 is intact.
The Nifty futures open interest has decreased by 5.77%
Bank Nifty futures open interest has decreased by 3.13%
as market closed at 14146.25 levels.
The Nifty January future closed with a premium of 43.20
point against a premium of 18.45 point in last trading
session. The February series closed at a premium of 77.10
point.
The INDIA VIX increased from 20.46 to 20.99.
At the same time, the PCR-OI of Nifty decreased from
1.62 to 1.25.
Few of the liquid counters where we have seen high cost
of
carry are
ID
EA, P
NB,
BHARTIARTL,
NATIONA
LUM, AND
TATACHEM.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
HDFCAMC 230200 28.75 3099.70 0.20
AARTIIND 317475 22.26 1290.60 -3.58
BATAINDIA 1260050 20.90 1658.35 3.35
POWERGRID 22860000 16.37 196.15 4.45
GODREJPROP 1325350 15.98 1460.60 3.83
NAUKRI 906750 15.88 5259.75 -3.88
TATACHEM 7088000 12.51 491.05 0.99
RAMCOCEM 2136900 11.29 802.45 1.18
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
INDUSTOWER 8957200 -15.46 261.35 1.93
SAIL 101840000 -12.65 76.20 -2.12
APOLLOHOSP 1818000 -11.81 2502.05 -0.66
SIEMENS 809600 -9.53 1618.60 0.06
CANBK 43043400 -7.76 132.10 -2.35
BEL 27588000 -7.73 133.15 1.02
IGL 6909375 -7.65 542.40 4.08
HAVELLS 3076000 -7.04 945.90 1.13
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.25 1.05
BANKNIFTY 1.05 0.95
RELIANCE 0.54 0.50
ICICIBANK 0.67 0.40
INFY 0.55 0.43
Historical Volatility
SCRIP HV
POWERGRID 35.77
VEDL 66.59
SRTRANSFIN 74.19
IGL 45.97
SHREECEM 41.36