Technical & Derivatives Report
Nifty Vs OI
15550
15600
15650
15700
15750
15800
15850
15900
15950
95,000
96,000
97,000
98,000
99,000
100,000
101,000
102,000
103,000
104,000
105,000
6/25 6/29 7/1 7/5 7/7 7/9 7/13
(`000)
Openinterest Nifty
Our markets started the day on a flat note, but the
intraday dip witnessed some buying interest and we saw
a gradual upmove to end the day around 15850.
FIIs were net sellers in the cash segment to the tune of
Rs. 1304 crores. In index futures front, they bought worth
Rs 278 crores with increase in open interest indicating
long formations in yesterday’s session.
Nifty traded with a positive bias as some long formations
were seen in the index. Although FII's were net sellers in
the cash segment, they were buyers in the index futures
segment. During the week, initially call writers were
aggressively forming positions at 15800 strike, but as the
index surpassed that hurdle on Tuesday, they ran to cover
their positions. Now, 15800 put has highest open interest
indicating support level for the expiry day, while
resistances are seen at 15900 followed by 16000. One can
keep a close eye on BANKNIFTY and if the index sustains
above 35810 (spot level) for 5 - 10 mins, one can look to
buy ATM CALL for BANKNIFTY, because this
development will lead to a strong buying in the banking
space.
The Nifty futures open interest has increased by 3.33%.
Bank Nifty futures open interest has decreased by 1.57%
as market closed at 15853.95 levels.
The Nifty July future closed with a premium of 15.1 point
against a premium of 21.45 point in last trading session.
The August series closed at a premium of 48.4 point.
The INDIA VIX decreased from 12.62 to 12.59. At the
same time, the PCR-OI of Nifty increased from 1.10 to
1.23.
Few of the liquid counters where we have seen high cost
of carry are NMDC, IDEA, GRANULES, INDUSTOWER AND
TORNTPHARM.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
MINDTREE 2956800 54.74 2703.05 8.46
IBULHSGFIN 35098200 22.65 270.45 -3.42
COROMANDEL 1008750 8.76 891.15 1.59
LTTS 553400 8.42 2910.95 3.01
ICICIGI 1084600 7.86 1531.65 -0.70
MARUTI 2221800 7.56 7326.80 -1.59
WIPRO 35915200 7.46 561.70 7.14
METROPOLIS 316000 6.54 2811.80 0.00
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
MANAPPURAM 25098000 -7.86 186.05 0.51
GRANULES 14177850 -6.51 372.00 1.15
ASHOKLEY 36040500 -5.39 127.90 0.63
NMDC 83776800 -4.24 172.05 0.00
TRENT 1109975 -4.19 917.95 -0.97
LICHSGFIN 14782000 -4.10 471.55 1.85
SBILIFE 5453250 -3.98 1052.40 0.04
ADANIENT 15494000 -3.95 1402.00 -1.15
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.23 0.94
BANKNIFTY 1.07 0.93
RELIANCE 0.42 0.33
ICICIBANK 0.76 0.59
INFY 0.50 0.38
Historical Volatility
SCRIP HV
MPHASIS 46.29
WIPRO 40.02
MINDTREE 49.09
LTI 45.60
COFORGE 59.83