Moving Ahead:
February 17, 2012
Nifty February Futures continued its upward journey and
closed at 5589.60 up by 51.80 points. Bank Nifty too closed at 11122.60 up by
174.50 points. Volumes were higher than yesterday partly due to momentum and partly
due to roll over in to new series. Open Interest in Nifty Futures across all the
series saw an increase of 3.99 lakh shares. February future saw reduction of 17
lakh series and March series saw increase by nearly 20 lakh shares. Put Call
Ratio was bit lower at 1.17. Volatility as measured by India VIX was 24.18 up
by 4%. Dollar Rupee pair was trading flat at 49.37 with fairly no change. All
in all momentum was good in the market and Nifty continued with its upward
surge flawlessly.
I feel we are bang on target and Nifty almost reached its
upward target of 5650 as I am being saying it from several days. It seems that
momentum will continue and once we decisively close above 5650, Nifty may touch
its all time high in near future. But mind you we are at inflection point which
equally has a potential to reject upward momentum and start trading lower. My
advice is to book some profit around this level and ride the bull momentum for
rest of the positions.
Top five individual stocks which gained today were MTNL 18%,
LITL 11%, BGRENERGY 9%, JSWENERGY 9% and TITAN 8%.
Top five individual stocks which lost ground were TULIP -6%,
JETAIRWAYS -5%, GTOFFSHORE -5%, DISHTV -5% and UNIPHOS -4%.
Top five individual stocks which attracted higher volumes
were SBIN, BHEL, RELIANCE, LT and SESAGOA.
Top five individual options which attracted higher activity
today were SBIN 2500 CE, SBIN 2400 CE, RELIANCE 820 CE, SBIN 2450 CE and 2400
PE.
Nifty option series where POSITIVE change in open interest
was seen were 5800 CE (12.05 LK) 5900 CE (10.94 LK) 5500 PE (5.62 LK) 5600 PE
(27.24 LK) 5700 PE (4.06 LK)
Nifty option series where NEGATIVE change in open interest
was seen were 5000 CE (-1.68 LK) 5100 CE (-1.35 LK) 5200 CE (-3.13 LK) 5300 CE
(-3.52 LK) 5400 CE (-8.69 LK) 5500 CE (-6.12 LK) 4800 PE (-1.20 LK) 5000 PE (-1.50
LK) 5100 PE (-2.35 LK) 5300 PE (6.08 LK) 5400 PE (-7.57 LK)
Outstanding open interest in Out of the Money Call Options stood at 1.45 Cr shares and that of
Put Options stood at 5.67 Cr shares. Outstanding open interest in In the Money Call Options stood at 1.38
Cr shares and that of Put Options stood at 59 Lk shares.
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