Technical & Derivatives Report
Nifty Vs OI
13800
14000
14200
14400
14600
14800
15000
15200
,0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
3/17 3/19 3/23 3/25 3/30 4/1 4/6 4/8 4/13
(`000)
Openinterest Nifty
Post mid-week holiday, we started-off the weekly
expiry day with marginal gains but due to lack of
follow-up buying plunged towatds 14350. However,
all of a sudden we witnessed smart buying interest to
almost reclaim 14600.
FIIs were net buyers in the cash segment to the tune
of Rs. 980 crores. In index futures front, they bought
worth Rs. 1309 crores with rise in open interest
indicating they added fresh longs after quite some
time.
In past couple of day’s, the open interest activity in
Nifty has been quite weird as we did not see any
relevant change despite strong moves in index. In case
of BankNifty, we started the series with huge short
rollovers and also observed shorts attracting in recent
corrections. However, we saw fresh long formation but
good amount of shorts formed earlier are still intact in
the system. In options front, 14700 call and 14500 put
option added fresh postions. Althought, we saw some
buying in banking space and FIIs too turned net
buyers yesterday, the Nifty future premium plunged
which is really not giving comfort to get carried away
in this up-move. At current juncture, 14600-14700
remains strong resistance zone for now and until we
don’t see any strength beyond these levels one should
prefer being light in index and rather opt for stock
centric trades
The Nifty futures open interest has increased by 0.26%.
Bank Nifty futures open interest has increased by 11.77%
as market closed at 14581.45 levels.
The Nifty April future closed with a premium of point
against a premium of 36.35 point in last trading session.
The May series closed at a premium of 62.05 point.
The INDIA VIX increased from 20.46 to 20.89.
At the same time, the PCR-OI of Nifty dcreased from 1.15
to 1.14.
Few of the liquid counters where we have seen high cost
of carry are SAIL, ADANIPORTS, IDEA, AMARAJABAT and
GLENMARK.
OI Gainers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
MINDTREE 2642400 17.63 2065.25 0.66
WIPRO 41740800 17.22 430.70 2.91
SAIL 139479000 16.41 92.80 1.86
LALPATHLAB 483500 10.58 2936.05 -0.38
AUROPHARMA 9803950 10.03 915.25 0.75
SRTRANSFIN 3576000 9.80 1380.65 -0.31
APOLLOTYRE 11785000 9.63 208.40 -2.99
SRF 474000 7.48 5997.80 -0.99
OI Losers
SCRIP OI
OI
CHG. (%)
PRICE
PRICE
CHG. (%)
TCS 7091100 -18.90 3218.95 3.60
COFORGE 589125 -9.40 3045.05 4.93
ONGC 37275700 -6.38 105.10 2.78
PIDILITIND 1871500 -5.22 1823.80 0.99
HDFCBANK 33476300 -4.83 1430.10 2.04
IGL 4819375 -4.70 524.95 0.41
PFC 34168200 -4.31 109.45 -0.23
M&M 8965600 -4.06 805.10 -0.71
Put-Call Ratio
SCRIP PCR-OI PCR-VOL
NIFTY 1.14 0.91
BANKNIFTY 1.08 0.97
RELIANCE 0.51 0.51
ICICIBANK 0.59 0.53
INFY 0.37 0.34
Historical Volatility
SCRIP HV
RAMCOCEM 41.42
TCS 35.93
GLENMARK 54.09
COFORGE 61.30
CIPLA 39.62