Technical & Derivatives Report
Nifty Vs OI
11100
11200
11300
11400
11500
11600
11700
,0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
8/20 8/21 8/24 8/25 8/26 8/27 8/28 8/31 9/1 9/2 9/3 9/4 9/7
(`000)
Openinterest Nifty
We began the week on a positive note but as the day
progressed index wipe-off all the early morning gains
to correct towards 11250 mark. However, some buying
interest from the lower level led recovery of more than
100 points to conclude the session tad above 11350
mark.
FIIs activity in cash market segment remained muted. In
index futures, they bought worth Rs. 653 crores with rise
in open interest which clearly suggests formation of
long positions.
On Monday, the overall open interest activity in Nifty
futures remained insignificant; however, the banking
index added good amount of positions. In options front,
build-up was scattered between 11300-11700 call and
10800-11300 put options. Stronger hands added
decent longs in index futures and considering BankNifty
open interest addition, it seems they forming bullish
bets on the banking space. At present, 11250-11300 is
an important support zone for the benchmark index;
whereas, strong resistance is placed around 11500-
11600 zone. Considering the above data points, trader’s
are advised to wait for fresh build-up in Nifty before
initating any directional trades and instead prefer
trading in individual counters where opportunities
could be there on both the sides.
The Nifty futures open interest has decreased by 0.07%
Bank Nifty futures open interest has increased by 5.17%
as market closed at 11355.05 levels.
The Nifty September future closed with a premium of
10.85 point against a premium of 17.90 point in last
trading session. The October series closed at a premium
of 25.95 point.
The INDIA VIX has decreased from 22.15 to 22.01.
At the same time, the PCR-OI of Nifty decreased from
1.22 to 1.21.
Few of the liquid counters where we have seen high cost
of carry are PNB, RELIANCE, GODREJCP, NTPC and
NMDC.
OI Gainers
SCRIP OI
OI
PRICE
PRICE
IDEA 429380000 17.74 12.30 1.66
INFRATEL 15646400 10.50 231.00 5.74
TORNTPHARM 1211500 10.34 2782.55 0.48
ACC 2468000 7.07 1339.90 2.32
INDIGO 2581500 6.08 1229.35 -1.81
BAJAJFINSV 767875 4.74 6263.65 -0.40
TORNTPOWER 2349000 4.54 331.70 -0.54
PETRONET 11205000 4.39 236.90 0.55
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
RAMCOCEM 1175550 -10.83 721.35 0.93
BALKRISIND 1675200 -9.90 1266.00 -1.87
GODREJCP 4498000 -8.48 651.70 -0.42
NTPC 44066700 -7.48 92.40 -2.36
MUTHOOTFIN 3373500 -7.01 1094.65 -2.58
SHREECEM 161750 -5.35 19783.30 -1.23
CONCOR 5195412 -4.70 385.65 -1.75
ESCORTS 2701600 -2.19 1145.95 -3.24
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.22 0.83
BANKNIFTY 0.76 0.89
RELIANCE 0.54 0.46
ICICIBANK 0.47 0.52
INFY 0.48 0.37
Historical Volatility
SCRIP HV
INFRATEL 74.36
M&M 51.80
DRREDDY 36.93
NTPC 40.17
MANAPPURAM 75.06