Derivatives Daily Update: April 30 2012

Resilient Day: April 30, 2012

Nifty May Futures closed up by 35.65 points at 5267.85. Bank Nifty too closed higher by 62.55 points at 10269.70 points. Turnover was lower at Rs662 bn. Open Interest in Nifty across all the series show an up tick by 5.55 lk shares at 1.98 Cr shares. Put Call Ratio was slightly subdued at 0.95. Volatility as measured by India VIX was up by 1% at 17.82 and Dollar Rupee duo was trading higher at 53.05. All in all it was a low activity day with upward bias.

In my opinion, as long as we are remaining above 5150 (cash basis) upward bias continues with price objective of 5550-5600. We are trading in a range from very long time and there is high probability of breaking this range. Volatility at abysmally low level can not continue for long and it will start moving towards its mean. Once market gathers momentum, volatility too will increase which in turn has capability of breaking the range on either side. Let us see what May has to deliver in coming days.

Top five individual stocks which gained today were PANTALOON 8%, INDIANB 7%, RPOWER 7%, JISLJAL 7% and TVSMOTOR 6%.

Top five individual stocks which lost ground were ORIENTBANK -4%, IDEA -3%, GMRINFRA -3%, CENTURYTEX -3% and CHAMBALFERT -3%.

Top five individual stocks which attracted higher volumes were SBIN, ICICIBANK, PANTALOON, AXISBANK and TATAMOTORS.

Top five individual options which attracted higher activity today were SBIN 2200 CE, ICICIBANK 900 CE, SBIN 2300 CE, INFY 2500 CE and SBIN 2150 CE.

Nifty option series where POSITIVE change in open interest was seen were 5300 CE (1.61 LK) 5400 CE (4.82 LK) 5500 CE (3.56 LK) 4800 PE (3.62 LK) 5100 PE (2.89 LK) 5200 PE (5.99 LK) 5300 PE (2.87 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5200 CE (1.44 LK)

Outstanding open interest in Out of the Money Call Options stood at 1.87 Cr shares and that of Put Options stood at 2.36 Cr shares. Outstanding open interest in In the Money Call Options stood at 53.96 LK shares and that of Put Options stood at 54.98 LK shares. Put Call Ratio of current series alone stands at 1.21.

Happy Trading

Atul Doshi

Derivatives Daily Update: April 27 2012

Steady Opening May Series: April 27, 2012

Nifty May Futures closed marginally lower than yesterday at 5210.80 and Bank Nifty closed at 10143.90. Turnover is obviously not comparable to yesterday as today is first day of May series which any way stood at Rs 852 bn. Open Interest in Nifty across all series stood at 1.92 Cr shares. Put Call Ratio in Option market was just below 1 at 0.98. Volatility as measured by India VIX was lower by 5% at 17.89. Dollar Rupee duo was trading bit higher at 52.86. In nutshell, it was a steady day with lower activity and lower volatility.

My opinion is still bullish as long as we don’t break 5150 (cash levels) on closing basis. Every dip in the market can be used to accumulate with price target of 5550 5600 and with strict stop below 5150.

Top five individual stocks which gained today were ESSAROIL 6%, BIOCON 5%, GMRINFRA 4%, PRAJIND 4% and RUCHISOYA 4%.

Top five individual stocks which lost ground were HCC -6%, STRTECH -6%, LITL -5% NAGAROIL -5% and PATELENG -5%.

Top five individual stocks which attracted higher volumes were ICICIBANK, SBIN, AXISBANK, DLF and TATAMOTORS.

Top five individual options which attracted higher activity today were ICICIBANK 900 CE, ICICIBANK 860 CE, ICICIBANK 880 CE, ICICIBANK 840 PE and AXISBANK 1100 CE.

Nifty option series where POSITIVE change in open interest was seen were 5200 CE (3.51 LK) 5300 CE (5.30 LK) 5400 CE (5.95 LK) 5600 CE (5.22 LK) 4500 PE (1.75 LK) 4600 PE (1.27 LK) 4700 PE (20.35 LK) 4800 PE (2.34 LK) 4900 PE (7.25 LK) 5000 PE (6.57 LK) 5100 PE (4.83 LK) 5300 PE (1.70 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5500 CE (1.26 LK) 5600 PE (1.25 LK)

Outstanding open interest in Out of the Money Call Options stood at 1.76 Cr shares and that of Put Options stood at 2.22 Cr shares. Outstanding open interest in In the Money Call Options stood at 54.58 LK shares and that of Put Options stood at 52.41 LK shares. Put Call Ratio of current series alone stands at 1.19.

Happy Trading

Atul Doshi

Derivatives Daily Update: April 26 2012

Boring Expiry: April 26, 2012

Nifty April Futures closed lower by 11.95 points at 5186.65. Bank Nifty also lost ground and closed at 10120.90 down by 46.35 points. Turnover was slightly lower than yesterday at Rs 1.90 trillion. Open Interest in Nifty across all series increased by 3.67 lakh shares and May series saw an increase by 32 lakh shares at 1.83 Cr shares which if compared with opening of April series was lower by 21 lakh shares. Put Call Ratio came down to 0.88 from yesterday’s level of 1.01. Volatility as measured by India VIX was lower by 1% at 18.74. Dollar Rupee pair was subdued at 52.56. In nutshell, it was a boring expiry as traders seems to be reluctant to trade in new series.

In my opinion, technically we are still holding 5150 (cash levels) which is good sign for Bull traders. As long as we don’t fall below 5150, hope of moving ahead is still alive. Let us see how first couple of days in May series behave. As result season is unfolding we will see activity in individual stocks. Looking to the lowest VIX it seems that activity might be restricted to stocks and major gyrations might be seen in Nifty once we cross 22 in VIX.

Top five individual stocks which gained today were NAGAROIL 9%, RUCHISOYA 8%, ALSTOMT&D 7%, SKUMARSYNF 6% and PUNJLLOYD 6%. 

Top five individual stocks which lost ground were GMRINFRA -7^, UNIPHOS -5%, ALBK -5%, ONMOBILE -5% and INDIAINFO -5%.

Top five individual stocks which attracted higher volumes were SBIN, RELIANCE, INFY, ICICIBANK and MCDOWELL.

Top five individual options which attracted higher activity today were SBIN 2200 CE, SBIN 2150 PE, SBIN 2150 CE, INFY 2400 CE and RELIANCE 740 CE.

Nifty option series where POSITIVE change in open interest was seen were 5200 CE (46.63 LK) 5300 CE (20.93 LK) 5100 PE (43.26 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5000 CE (1.27 LK) 5100 CE (6.12 LK) 5400 CE (3.28 LK) 5500 CE (1.46 LK) 4900 PE (1.28 LK) 5000 PE (1.28 LK) 5200 PE (19.72 LK) 5300 PE (10.48 LK) 5400 PE (5.42 LK) 5500 PE (1.13 LK) 5600 PE (1.40 LK) 5700 PE (1.74 LK) 5800 PE (1.26 LK) 6000 PE (1.78 LK)

Outstanding open interest in Out of the Money Call Options stood at 3.81 Cr shares and that of Put Options stood at 2.95 Cr shares. Outstanding open interest in In the Money Call Options stood at 5.05 LK shares and that of Put Options stood at 55.12 LK shares. Put Call Ratio of current series alone stands at 0.77.

Happy Trading

Atul Doshi

Derivatives Daily Update: April 25 2012

Listless Day: April 25, 2012

Nifty April Futures closed lower at 5198.60 down by 25.75 points. Bank Nifty too closed lower by 60.85 points at 10167.25. Turnover was higher at Rs 1.99 trillion obviously due to roll over activity. Open Interest in Nifty across all series shot up nearly 24 lakh shares at 2.66 Cr shares. Put Call Ratio was fairly stable at 1.01. Volatility as measured by India VIX was down by 2% at 18.94 probably lowest of recent past and definitely lower of this series. Dollar Rupee duo was trading slightly subdued at 52.61. All in all it was listless day with larger activity seen in shifting of positions from current series to new series.

My view in Nifty is still bullish. As said in several earlier posts as long as Nifty survives 5150 every dip in the market needs to be bought. In my opinion potential target is still 5550-5600. Tomorrow is expiry day let us see how Nifty manages to close.

Top five individual stocks which gained today were BFUTILITIE 10%, MCDOWELL 9%, IVRCLINFRA 5%, BALRAMCHIN 4% and APIL 3%.

Top five individual stocks which lost ground were WIPRO -7%, IRB -5%, INDIAINFO -5%, PETRONET -5% and INDIACEM -5%.

Top five individual stocks which attracted higher volumes were SBIN, AXISBANK, ICICIBANK, RELIANCE and TATASTEEL.

Top five individual options which attracted higher activity today were TCS 1150 CE, INFY 2300 CE, TCS 1100 PE, TCS 1200 CE and INFY 2200 PE.

Nifty option series where POSITIVE change in open interest was seen were 5100 CE (3.93 LK) 5200 CE (1.93 LK) 5300 CE (6.18 LK) 5100 PE (9.23 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5400 CE (2.71 LK) 5500 CE (2.40 LK) 4900 PE (1.69 LK) 5200 PE (6.49 LK) 5300 PE (3.59 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.85 Cr shares and that of Put Options stood at 3.22 Cr shares. Outstanding open interest in In the Money Call Options stood at 59.99 LK shares and that of Put Options stood at 50.96 LK shares. Put Call Ratio of current series alone stands at 1.10.

Happy Trading

Atul Doshi

Derivatives Daily Update: April 24 2012

Resilient Day: April 24, 2012

Nifty April Futures closed up y 25.75 points at 5224.35. Bank Nifty closed marginally down by 9.60 points at 10228.10 points. Turnover was slightly lower at Rs 1.50 trillion. Open Interest in Nifty across all the series was smartly up 7 lac shares and stood at 2.42 Cr shares. Put Call Ratio was just under 1 at 0.99. Volatility as measured by India VIX was down by 11% at 19.25. Dollar Rupee duo was trading higher at 52.78. All in all it was a day of mixed bag where some indicators were good while some others were not good.

I remain committed to my Bullish stance as long as Nifty remains above 5150. It is advisable to buy in every dips with stop below 5150. We are almost nearing the expiry and in this expiry we have pretty much traded in a very narrow range of 200 points. Let us see what this couple of days till expiry has in offing for us.

Top five individual stocks which gained today were TCS 13%, NATIONALUM 7%, PANTALOON 5%, HEXAWARE 5% and WIPRO 4%.

Top five individual stocks which lost ground were POLARIS -7%, UNIPHOS -6%, AMBUJACEM -5%, IDEA -5% and ULTRACEMCO -4%.

Top five individual stocks which attracted higher volumes were TCS, INFY, SBIN, AXISBANK and ICICIBANK.

Top five individual options which attracted higher activity today were TCS 1200 CE, INFY 2300 CE, INFY 2400 CE, TCS 1150 PE and INFY 2200 PE.

Nifty option series where POSITIVE change in open interest was seen were 5200 CE 1.10 LK) 5300 CE (1.69 LK) 5000 PE (4.09 LK) 5200 PE (1.82 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5400 CE (7.71 LK) 5500 CE (3.94 LK) 4800 PE (1.48 LK) 4900 PE (2.38 LK) 5100 PE (3.37 LK) 5300 PE (3.11 LK) 5400 PE (1.11 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.85 Cr shares and that of Put Options stood at 3.21 Cr shares. Outstanding open interest in In the Money Call Options stood at 56.92 LK shares and that of Put Options stood at 57.94 LK shares. Put Call Ratio of current series alone stands at 1.10.

Happy Trading

Atul Doshi

Derivatives Daily Update: April 23 2012

Sell Off Day: April 23, 2012

Nifty April Futures sold off today as it closed 103.40 points lower at 5198.60. Bank Nifty also followed the streak and closed lower by 228.75 points at 10237.70 points. Turnover was much higher in comparison to yesterday partly due to adverse markets and partly due to roll over activity and it stood at Rs 1.63 trillion. Open Interest in Nifty across all the series shot up by nearly 4.29 shares at 2.34 Cr shares indicating fresh shorts created in the market. Put Call Ratio across all the series in Options market stood at 1.08 marginally up from yesterday’s level but if we look at the data of current series it was drastically down to 0.79 from 1.35 levels which indicates traders are not bullish in the market and have written Calls against Puts as they see markets not going up till expiry. Volatility as measured by India VIX was substantially up by 7% at 21.57 and Dollar Rupee duo was trading higher at 52.60 again indicating choppiness in the market.

In my opinion, level of 5150 is still holding. In coming days till expiry if we don’t fall below this level on closing basis hope of Bull trend has still not vitiated. In this expiry several times Nifty has attempted to break this level but has not succeeded in breaking the same. Let us see what couple of days till expiry has in offing for us.

Top five individual stocks which gained today were ASIANPAINT 4%, TTKPRESTIG 2%, MAX 2%, ACC 2% and SUNPHARMA 2%.

Top five individual stocks which lost ground were MCDOWELL -9%, LITL -9%, ESCORTS -7%, GVKPIL -7% and STRTECH -7%.

Top five individual stocks which attracted higher volumes were SBIN, RELIANCE, ICICIBANK, INFY and TATASTEEL.

Top five individual options which attracted higher activity today were SBIN 2300 CE, RELIANCE 740 CE, INFY 2400 CE, RELIANCE 740 PE and SBIN 2200 PE.

Nifty option series where POSITIVE change in open interest was seen were 5100 CE (2.80 LK) 5200 CE (16.73 LK) 5300 CE (17.62 LK) 5400 CE (12,20 LK) 4900PE (2.66 LK) 5000 PE (6.93 LK) 5100 PE (9.78 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5500 CE (-6.27 LK) 5600 CE (-1.94 LK) 5700 CE (-2.77 LK) 5200 PE (1 LK) 5300 PE (8.01 LK0 5400 PE (9.85 LK)

Outstanding open interest in Out of the Money Call Options stood at 3.39 Cr shares and that of Put Options stood at 2.67 Cr shares. Outstanding open interest in In the Money Call Options stood at 20.02 LK shares and that of Put Options stood at 1.37 Cr shares. Put Call Ratio of current series alone stands at 0.79.

Happy Trading

Atul Doshi

Derivatives Daily Update: April 20 2012

Weak Day: April 20, 2012

Nifty April Futures closed lower by 54.20 points at 5302. Bank Nifty too closed lower by 145.80 points at 10466.45. Turnover was higher at Rs 1.45 trillion. Open Interest in Nifty across all series came down by 3.24 lakh shares at 2.30 Cr shares. Put Call Ratio was up at 1.06. Volatility as measured by India VIX was up by 45 at 20.09 and Dollar Rupee duo was trading higher at 52.18. All in all it was weak consolidating day with large swing in market.

In my opinion, as long as Nifty holds 5150 upward target of 5550-5600 still holds. It is advisable to buy in all dips till it breaks this level.

Top five individual stocks which gained today were M&M 3%, ONMOBILE 2%, UNIONBANK 2%, ABIRLANUVO 2% and ASHOKLEY 2%.

Top five individual stocks which lost ground were DHANBANK -6%, MERCATOR -6%, MRPL -5%, CENTURYTEX -5% and NATIONALUM -5%.

Top five individual stocks which attracted higher volumes were SBIN, ICICIBANK, RELIANCE, INFY and AXISBANK.

Top five individual options which attracted higher activity today were SBIN 2300 CE, RELIANCE 720 PE, RELIANCE 740 PE, SBIN 2400 CE and RELIANCE 740 CE.

Nifty option series where POSITIVE change in open interest was seen were 5400 CE (2.67 LK) 5100 PE (7.11 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5500 CE (2.56 LK) 5600 CE (2.55 LK) 4500 PE (2.33 LK) 5000 PE (1.95 LK) 5200 PE (4.77 LK) 5300 PE (10.84 LK) 5400 PE (6.06 LK) 5500 PE (1.30 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.49 Cr shares and that of Put Options stood at 3.69 Cr shares. Outstanding open interest in In the Money Call Options stood at 89.20 LK shares and that of Put Options stood at 45.84 LK shares. Put Call Ratio of current series alone stands at 1.35.

Happy Trading

Atul Doshi

Derivatives Daily Update: April 19 2012

Resilient Day: April 19, 2012

Nifty April Futures closed at 5356.20 up by 33.50 points. Bank Nifty closed at 10612.25 up by 66 points. Volumes were slightly better than yesterday and turnover stood at Rs 1.05 trillion. Open Interest in Nifty across all the series saw an upsurge and stood at 2.33 Cr up by 11.63 lakh shares. Put Call Ratio was fairly stable at 1 and Volatility as measured by India VIX was down by 3% at 19.35 perhaps low of recent six months. Dollar Rupee Duo was trading higher at 52.06. All in all it was a better day on all fronts with exception of weak rupee.

Statistics of today vindicates my bullish stance. There is a long built up in the market since couple of days with reduced volatility, improved Put Call Ratio and fairly stable volumes. As long as Nifty remains above 5150, it is advisable to buy in all dips with price objective of 5550-5600 with stop loss below 5150.

Top five individual stocks which gained today were GESHIP 7%, BFUTILITIE 7%, ESCORTS 6%, TATAMTRDVR 6% and APIL 4%.

Top five individual stocks which lost ground were IVRCLINFRA -6%, ONMOBILE 4%, BHEL -4%, ACC -4% and BALRAMCHIN -4%.

Top five individual stocks which attracted higher volumes were SBIN, TATAMOTORS, ICICIBANK, INFY and IGL.

Top five individual options which attracted higher activity today were SBIN 2300 CE, INFY 2400 CE, INFY 2500 CE, SBIN 2400 CE and SBIN 2200 PE.

Nifty option series where POSITIVE change in open interest was seen were 5500 CE (3.56 LK) 5100 PE (2.62 LK) 5200 PE (2.67 LK) 5300 PE (7.88 LK) 5400 PE (3.23 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5400 CE (3.18 LK) 5600 CE (1.07 LK)  

Outstanding open interest in Out of the Money Call Options stood at 2.57 Cr shares and that of Put Options stood at 3.89 Cr shares. Outstanding open interest in In the Money Call Options stood at 92.60 LK shares and that of Put Options stood at 54.59 LK shares. Put Call Ratio of current series alone stands at 1.37.

Happy Trading

Atul Doshi

Derivatives Daily Update: April 18 2012

Day of Consolidation: April 18, 2012

Nifty April Futures closed flat at 5322.70 mildly up by 3.1 points. Bank Nifty closed at 10546.25 down by 27.1 points. Volumes were lower than yesterday at Rs 1.04 trillion. Open interest across all the series in Nifty was up by 8.78 lakh shares at 2.22 Cr shares. Put Call Ratio was up at 1.01. Volatility as measured by India VIX was down to 20.03 and Dollar Rupee Duo was up at 51.79. All in all it was a day of consolidation and Nifty traded in a very narrow band of 50 points.

In my opinion, I still hold my Bullish stance as soon as Nifty remains above 5150 level. Buy in every dip till we breach 5150. Add more to your long positions once it closes above 5338(cash Nifty) with price target of 5550 to 5600.

Top five individual stocks which gained today were BHUSANSTL 8%, GVKPIL 8%, SUNTV 7%, NCC 6% and IGL 5%.

Top five individual stocks which lost ground were IVRCLINFRA -7%, EXIDEIND -5$, NAGAROIL -4%, IDEA -4% and ALSTOMT&D -3%.

Top five individual stocks which attracted higher volumes were SBIN, TATAMOTORS, ICICIBANK, RELIANCE and TATASTEEL.

Top five individual options which attracted higher activity today were INFY 2500 CE, INFY 2400 CE, SBIN 2400 CE, SBIN 2300 CE and SBIN 2350 CE.

Nifty option series where POSITIVE change in open interest was seen were 5400 CE (5.57 LK) 5500 CE (2.61 LK) 5600 CE (3.93 LK) 4800 PE (2.90 LK) 5000 PE (3.57 LK) 5200 PE (6.89 LK) 5300 PE (6.55 LK) 5400 PE (6.79 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5100 CE (1.26 LK) 5200 CE (2.51 LK) 5300 CE (1.16 LK) 5800 CE (1.21 LK) 4900 PE (10 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.63 Cr shares and that of Put Options stood at 3.80 Cr shares. Outstanding open interest in In the Money Call Options stood at 99.89 LK shares and that of Put Options stood at 53.30 LK shares. Put Call Ratio of current series alone stands at 1.32.

Happy Trading

Atul Doshi

Derivatives Daily Update: April 17 2012

Positive Day: April 17, 2012

Nifty April Futures closed on positive note at 5319.60 up by 71.15 points. Bank Nifty closed at 10573.35 up by 85.75 points. Volumes were smartly up and stood at Rs 1.67 trillion almost little less than double from yesterday’s level. Open Interest in Nifty across all the series too shot up smartly by 11 lakh shares at 2.13 Cr shares. Put Call Ratio too showed an improvement and was at 0.99 levels. Volatility as measured by India VIX was drastically down by 9% at 20.31 and Dollar Rupee duo was also trading slightly lower at 51.63. All in all statistics of today reflect perfect case of bullish sentiment.

In my Opinion, worries expressed in my yesterday’s post almost got answered today. In yesterday’s post I expressed:  In extremely short run, two factors worry me. One Put Call Ratio below 1 does not augur well for the market and two volumes are low on rising days and high on down days. Participation as reflected by Open Interest too is very low in the market which too is not good for the Bulls. Today all this worries got answered as you can see from the data above that Volumes were higher, Put Call Ratio was better and Open Interest too increased. I continue with my stance that as long as we remain above 5150, chances of kissing 5550-5600 are very much on the card. My advice is to buy in every dip with potential target of 5550-5600 and stop below 5150.

Top five individual stocks which gained today were HINDOILEXP 8%, PANTALOON 7%, RELINFRA 6%, CENTURYTEX 6% and RELCAPITAL 6%.

Top five individual stocks which lost ground were ALBK -2%, LUPIN -2%, CAIRN -2%, IDEA -1% and BEML -1%.

Top five individual stocks which attracted higher volumes were SBIN, ICICIBANK, AXISBANK, INFY and HDIL.

Top five individual options which attracted higher activity today were SBIN 2300 CE, SBIN 2400 CE, SBIN 2200 PE, SBIN 2350 CE and SBIN 2100 PE.

Nifty option series where POSITIVE change in open interest was seen were 5400 CE (3.43 LK) 5500 CE (2.76 LK) 5000 PE (1.69 LK) 5100 PE (9.44 LK) 5200 PE (10.04 LK) 5300 PE (9.93 LK) 5400 PE (3.92 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5100 CE (1.47 LK) 5800 CE (1.25 LK) 4600 PE (1.40 LK) 4900 PE (5.16 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.59 Cr shares and that of Put Options stood at 3.84 Cr shares. Outstanding open interest in In the Money Call Options stood at 1.09 Cr shares and that of Put Options stood at 47.47 LK shares. Put Call Ratio of current series alone stands at 1.33.

Happy Trading

Atul Doshi

Derivatives Daily Update: April 16 2012

Better Day: April 16, 2012

Nifty April Futures closed mildly up by 27.35 points at 5248.45. Bank Nifty closed up by 159.70 points at 10487.60 points. Volumes were lower than previous day at Rs 916 bn. Open Interest across all the series in Nifty was almost flat at 2.02 Cr shares. Put Call Ratio came down to 0.89 from 1.03. Volatility as measured by India VIX was down by 2% at 22.23 and Dollar Rupee duo was trading at 51.78 in futures market. All in all it was a better day with resilience but lower activity. Market is eagerly waiting for Monetary Policy to be announced by RBI tomorrow.

As long as Nifty remains above 5150 level, in my opinion long term trend of Nifty has not vitiated. It is advisable to Buy with Stop loss below 5150 levels and price target of 5550-5600. In extremely short run, two factors worry me. One Put Call Ratio below 1 does not augur well for the market and two volumes are low on rising days and high on down days. Participation as reflected by Open Interest too is very low in the market which too is not good for the Bulls.

Top five individual stocks which gained today were AUROPHARMA 9%, TTKPRESTIG 6%, HEXAWARE 6%, DENABANK 6% and SREINFRA 5%. 

Top five individual stocks which lost ground were IVRCLINFRA -4%, GSPL -3%, ULTRACEMCO -3%, AMBUJACEM -2% and IDEA -2%.

Top five individual stocks which attracted higher volumes were INFY, SBIN, ICICIBANK, TATAMOTORS and RELIANCE.

Top five individual options which attracted higher activity today were INFY 2500 CE, SBIN 2300 CE, INFY 2400 CE, INFY 2600 CE and INFY 2300 PE.

Nifty option series where POSITIVE change in open interest was seen were 5200 CE (2.60 LK) 5300 CE (4.96 LK) 5400 CE (7.72 LK) 4600 PE (1.60 LK) 5300 PE (1.10 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5100 CE (2.50 LK) 4300 PE (1.01 LK) 5400 PE (1.19 LK)

Outstanding open interest in Out of the Money Call Options stood at 3.06 Cr shares and that of Put Options stood at 3.29 Cr shares. Outstanding open interest in In the Money Call Options stood at 63.18 LK shares and that of Put Options stood at 79.20 LK shares. Put Call Ratio of current series alone stands at 1.06

Happy Trading

Atul Doshi

Derivatives Daily Update: April 13 2012

Weak Day: April 13, 2012

Nifty April Future closed at 5221.10 down by 69.55 points. Bank Nifty closed at 10327.90 down by 97.75 points. Volumes were much higher than yesterday and stood at Rs 1.37 trillion. Open Interest saw an increase by 4.34 lakh shares at 2.02 Cr shares. Put Call Ratio saw an increase and it stood at 1.03. Volatility as measured by India VIX stood at 22.75 up by 4%. Dollar Rupee pair was trading mildly higher at 51.66. All in all it was weak day as we saw pressure in price behavior letting Nifty to drag lower by 1.5%.

Today’s price behavior and volumes were remarkable and might help us in deciding trend of the market in couple of days. Volumes were higher on a down day and Open Interest has also increased which indicates fresh shorts were created in the market. Though in my view, as long as Nifty holds 5150 medium term trend is not vitiated. Let us see how Nifty performs in coming weeks till expiry.

Top five individual stocks which gained today were JSWSTEEL 5%, FORTIS 3%, DRREDDY 2%, LUPIN 2% and SUNPHARMA 2%.

Top five individual stocks which lost ground were INFY -13%, TCS -6%, INDIAINFO -5%, MAX -5% and DCB 5%

Top five individual stocks which attracted higher volumes were INFY, SBIN, ICICIBANK, JSWSTEEL and RELIANCE.

Top five individual options which attracted higher activity today were INFY 2600 CE, INFY 2500 CE, INFY 2500 PE, INFY 2700 CE and INFY 2400 PE.

Nifty option series where POSITIVE change in open interest was seen were 5100 CE (1.94 LK) 5200 CE (4.13 LK) 5300 CE (9.94 LK) 5400 CE (16.28 LK) 5600 CE (6.85 LK) 4900 PE (13.02 LK) 5000 PE (4.18 LK) 5100 PE (4.05 LK) 5400 PE (1.79 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5300 PE (3.65 LK)

Outstanding open interest in Out of the Money Call Options stood at 3.05 Cr shares and that of Put Options stood at 3.37 Cr shares. Outstanding open interest in In the Money Call Options stood at 64.28 LK shares and that of Put Options stood at 81.34 LK shares. Put Call Ratio of current series alone stands at 1.09

Happy Trading

Atul Doshi

Derivatives Daily Update: April 12 2012

Resilient Day: April 12, 2012

Nifty April Future closed at 5290.65 up by 39.30 points. Bank Nifty closed at 10425.65 up by 159.20 points. Volumes were lower than yesterday and stood at Rs 939 bn. Open Interest in Nifty across all the series surged up by 3.10 lakh shares and stood at 1.98 Cr shares. Put Call Ratio was almost flat at 0.98. Volatility as measured by India VIX came down by 2% at 21.78. Dollar Rupee duo was trading slightly lower at 51.57. All in all it was a day of consolidation and some kind of resilience was seen in the market.

My prognosis of the market and statistical data indicates that we are heading higher and failure to breach below 5150 will take us to 5550-5600 levels. It is advisable to remain bullish in the market till any further downward pressure is seen, instead wait for some positive trigger like improvement in Open Interest coupled with rise in price and Put Call Ratio.

Top five individual stocks which gained today were NAGAROIL 8%, MAX 7%, PATELENG 7%, NCC 7% and RENUKA 6%.

Top five individual stocks which lost ground were HDIL -5%, IGL -4%, JETAIRWAYS -3%, POLARIS -3% and CAIRN -2%.

Top five individual stocks which attracted higher volumes were SBIN, ICICIBANK, INFY, AXISBANK and HDIL.

Top five individual options which attracted higher activity today were INFY 2700 PE, INFY 2900 CE, SBIN 2300 CE, SBIN 2200 CE and INFY 3000 CE.

Nifty option series where POSITIVE change in open interest was seen were 5400 CE (2.16 LK) 5500 CE (3.67 LK) 5600 CE (3.82 LK) 5900 CE (1.10 LK) 4300 PE (1.32 LK) 4600 PE (1.76 LK) 4900 PE (4.22 LK) 5100 PE (2.62 LK) 5200 PE (10.52 LK) 5300 PE (4.78 LK) 5400 PE (1.09 LK)

Nifty option series where NEGATIVE change in open interest was seen were 4800 PE (2.60 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.72 Cr shares and that of Put Options stood at 3.26 Cr shares. Outstanding open interest in In the Money Call Options stood at 59.21 LK shares and that of Put Options stood at 85.99 LK shares. Put Call Ratio of current series alone stands at 1.16.

Happy Trading

Atul Doshi

Derivatives Daily Update: April 11 2012

Choppy Day: April 11, 2012

Amidst choppiness in the market Nifty April Futures closed at 5251.35 down by 14.80 points. Bank Nifty closed at 10266.45 up by 31 points. Volumes were higher than yesterday and stood at Rs1.15 trillion. Open Interest saw a marginal improvement of 1.70 lakh shares at 1.94 Cr shares. Put Call Ratio improved to 0.98 from 0.92 levels. Dollar Rupee duo was trading at 51.65 and Volatility as measured by India VIX was trading at 22.29 up by 2%.

In my analysis, it seems that we will be breaking this range bound movements in coming days and that too probably on higher side. I base my assumptions on 2 factors, one that volatility is at the lower end of the range and will move towards its mean and second Put Call Ratio is steadily rising and once it shot up above 1, momentum will gather, But still this are early days and we need to watch the behavior of price for couple of days. Till that time it is advisable to Buy in dips until it breaks 5150 for the probable target of resistance zone which is placed around 5550-5600 levels.

Top five individual stocks which gained today were FINANTECH 6%, JETAIRWAYS 5%, HINDOILEXP 4%, MAX 3% and HEXAWARE 3%.

Top five individual stocks which lost ground were INDIACEM -8%, NAGAROIL -7%, CENTURYTEX -6%, RELCAPITAL -5% and ACC -5%.

Top five individual stocks which attracted higher volumes were SBIN, ICICIBANK, TATASTEEL, RELIANCE and AXISBANK.

Top five individual options which attracted higher activity today were SBIN 2200 CE, SBIN 2300 CE, SBIN 2150 CE, SUZLON 25 CE and RELIANCE 740 CE.

Nifty option series where POSITIVE change in open interest was seen were 5200 CE (5.89 LK) 5300 CE (9.09 LK) 5400 CE (6.84 LK) 5500 CE (3.96 LK) 4700 PE (1.16 LK) 4900 PE (2.35 LK) 5000 PE (2.35 LK) 5000 PE (7.77 LK) 5100 PE (6.58 LK) 5200 PE (5.63 LK)

Nifty option series where NEGATIVE change in open interest was seen were 6000 CE (2.42 LK) 4500 PE (1.11 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.67 Cr shares and that of Put Options stood at 3.18 Cr shares. Outstanding open interest in In the Money Call Options stood at 61.07 LK shares and that of Put Options stood at 81.82 LK shares. Put Call Ratio of current series alone stands at 1.15.

Happy Trading

Atul Doshi

Derivatives Daily Update: April 10 2012

Day of Consolidation: April 10, 2012

Nifty April Futures almost remained in a range and closed slightly better at 5266.15 up by 13.15 points. Bank Nifty too followed the trend and closed at 10235.45 up by 77.20 points. Volumes were better than yesterday and stood at Rs 825 bn. Open Interest in Nifty across all series was down by 2.58 lakh shares and stood at 1.93 Cr shares probably lowest of last six months. Put Call Ratio in Options market saw some improvement and was at 0.92 slightly up from previous level. Volatility as measured by India VIX came down by 2% and stood at 21.93. Dollar Rupee duo was trading at 51.57 up from yesterday’s level. All in all it seemed to be the day of consolidation.

In my opinion on extremely short term basis may be for a day or two we might drift lower and try and test 5150 levels. For medium to long term traders this is an opportunity to buy as still overall structure of Nifty has not vitiated. This fall is correcting the upward trend which started from 4537 level.

Top five individual stocks which gained today were GODREJIND 6%, DENABANK 5%, JETAIRWAYS 5%, UCOBANK 5% and TATAPOWER 4%.

Top five individual stocks which lost ground were IGL -33%, GSPL -7%, PRAJIND -6%, BEML -5% and IVRCLINFRA -5%.

Top five individual stocks which attracted higher volumes were IGL, SBIN, ICICIBANK, TATASTEEL and TATAMOTORS.

Top five individual options which attracted higher activity today were SBIN 2200 CE, SBIN 2150 CE, SBIN 2100 PE, SBIN 2300 CE and SBIN 2000 PE.

Nifty option series where POSITIVE change in open interest was seen were 5200 CE (2.73 LK) 5300 CE (3.50 LK) 5400 CE (1.73 LK) 5500 CE (3.72 LK) 5600 CE (1.02 LK) 5800 CE (1.15 LK) 4500 PE (1.27 LK) 4600 PE (4.08 LK) 4700 PE (3.96 LK) 4900 PE (1.49 LK) 5000 PE (3.98 LK) 5100 PE (2.52 LK) 5200 PE (4.44 LK)

Nifty option series where NEGATIVE change in open interest was seen were 4800 PE (2.50 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.54 Cr shares and that of Put Options stood at 3.01 Cr shares. Outstanding open interest in In the Money Call Options stood at 56.10 LK shares and that of Put Options stood at 82.85 LK shares. Put Call Ratio of current series alone stands at 1.15.

Happy Trading

Atul Doshi

Derivatives Daily Update: April 9 2012

Weakness Persists: April 9, 2012

Nifty April Futures opened weaker and closed further lower at 5253 down by 91.55 points. Bank Nifty too closed lower at 10158.25 down by 206 points. Volumes were higher than previous session at Rs 782 bn. Open Interest in Nifty across all the series came down by 3.09 lakh shares and stood at 1.95 Cr shares indicating some Bull unwinding happening in the market. Put Call Ratio drastically came down to 0.88 from 1.13 levels indicating weakness to persist as traders are comfortable writing calls against puts as they don’t expect Nifty to rise any time soon. Volatility as measured by India VIX also shot up to 22.33 up by 8% which indicates some choppiness prevalent in the market place. Dollar Rupee duo too was trading higher at 51.53 which again indicates some pressure on equity which is not a good sign for the market. All in all it was a weak day.

In my opinion all the statistics are not in favor of Bull trader at least in short term. Nifty has broken some short term averages and has closed below that. Its long term average is 5150. In my opinion it should hold that though today’s data and price movement suggest we might visit the same level in couple of days.  My advice for medium to long term traders is to consider this as an opportunity to buy with strict stop below 5150 on closing basis. For extremely short term traders they can ride on their short position with price objective of 5150 and stop above 5300.

Top five individual stocks which gained today were MCDOWELL 7%, RANBAXY 4%, MAX 4%, MRF 3% and DRREDDY 2%.

Top five individual stocks which lost ground were IGL -7%, GUJFLUORO -7%, DISHTV -6%, JSWENERGY -6% and HINDALCO -5%.

Top five individual stocks which attracted higher volumes were SBIN, RELIANCE, TATASTEEL, ICICIBANK and MCDOWELL.

Top five individual options which attracted higher activity today were SBIN 2200 CE, SBIN 2300 CE, RELIANCE 760 CE, RELIANCE 740 CE and SBIN 2100 PE.

Nifty option series where POSITIVE change in open interest was seen were 5200 CE (4. 27 LK) 5300 CE (7.10 LK) 5400 CE (8.65 LK) 5500 CE (5.53 LK) 5600 CE (2.90 LK) 4600 PE (2.25 LK) 4700 PE (1.68 LK) 4800 PE (3.53 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5700 CE (5.81 LK) 5900 CE (1.49 LK) 4900 PE (2.20 LK) 5200 PE (4.33 LK) 5300 PE (3.21 LK0 5400 PE (1.75 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.46 Cr shares and that of Put Options stood at 2.83 Cr shares. Outstanding open interest in In the Money Call Options stood at 53.63 LK shares and that of Put Options stood at 83.47 Cr shares. Put Call Ratio of current series alone stands at 1.12.

Happy Trading

Atul Doshi

Derivatives Daily Update: April 4 2012

Weak Day: April 4, 2012

Nifty April Futures closed at 5344.55 down by 38.70 points. Bank Nifty closed at 10364.25 down by 80.05 points. Volumes were again lower than previous day and stood at Rs 698 bn. Open Interest in Nifty across all series came down by 8.30 lakh shares at 1.98 Cr shares indicating some bull unwinding ahead of long week end holidays. Put Call Ratio too was almost flat at 1.13. Volatility as measured by India VIX shot up by 3% at 20.63 though trading at lower end of the range. Dollar Rupee duo was trading higher at 51.37 from 51.01 of previous day. All in all it was a listless day with some pressure from Bull unwinding.

My prognosis still remains bullish. As long as we are trading above 5150 levels, it is advisable to buy in every dip with price objective of 5550-5600. Worrying factor though is lack of volume along with lower built up in Open Interest.

 Top five individual stocks which gained today were NAGAROIL 20%, DHANBANK 6%, INDIACEM 5%, PANTALOON 4% and MAX 4%.

Top five individual stocks which lost ground were ESSAROIL -5%, SOBHA -5%, JINDALSTEL -3%, GAIL -3% and GMRINFRA -3%.

Top five individual stocks which attracted higher volumes were SBIN, ICICIBANK, BHEL, RELIANCE and HDIL.

Top five individual options which attracted higher activity today were RELIANCE 760 CE, SBIN 2200 CE, RELIANCE 800 CE, SBIN 2300 CE and RELIANCE 740 PE.

Nifty option series where POSITIVE change in open interest was seen were 5300 CE (1.21 LK) 5500 CE (1.73 LK) 5600 CE (3.20 LK) 4800 PE (10.18 LK) 4900 PE (3.36 LK) 5100 PE (3.61 LK) 5200 PE (7.50 LK)

Nifty option series where NEGATIVE change in open interest was seen were 6000 CE (-1.39 LK) 4700 PE (-5.83 LK) 5000 PE (1.09 LK) 5400 PE (-1.26 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.06 Cr shares and that of Put Options stood at 3.18 Cr shares. Outstanding open interest in In the Money Call Options stood at 74.28 LK shares and that of Put Options stood at 51.13 Cr shares. Put Call Ratio of current series alone stands at 1.40.

Happy Trading

Atul Doshi

Derivatives Daily Update: April 03 2012

Resilient Day: April 3, 2012

Nifty April Futures closed at 5383.25 up by 32.60 points. Bank Nifty closed at 10444.30 up by 90.50 points. Volumes were lower than yesterday at Rs 727 bn. Open Interest in Nifty across all series came down by 4.58 lakh shares and stood at 2.07 Cr shares indicating some short covering happening in the market. Put Call Ratio in Options market improved to 1.14 indicating comfort for traders as they were busy writing puts against calls. Volatility was at its extreme low point and stood at 20.01 down by 4%. Dollar Rupee duo was trading at 51.01 down from 51.23 levels indicating strength in Rupee. All in all it was a resilient day with less choppiness and increased confidence.

In my opinion as long as we remain above 5150 levels there is a brighter chance that we will touch resistance zone of 5550-5600 in coming days. Buy in to every dips with stop loss below 5150 and target of 5550.

Top five individual stocks which gained today were NAGAROIL 36%, PANTALOON 10%, NATIONALUM 10%, ESSAROIL 9% and ZEEL 6%.

Top five individual stocks which lost ground were OPTOCIRCUI -3%, DRREDDY -3%, HEROMOTORCO -2%, BAJAJHLDG -2% and MARUTI -2%.

Top five individual stocks which attracted higher volumes were SBIN, BHEL, PANTALLON, TATASTEEL and RELIANCE.

Top five individual options which attracted higher activity today were SBIN 2200 CE, RELIANCE 760 CE, SBIN 2300 CE, TATASTEEL 480 CE and RELIANCE 780 CE.

Nifty option series where POSITIVE change in open interest was seen were 5300 CE (1.39 LK) 5500 CE (4.75 LK) 5600 CE (4.88 LK) 6000 CE (1.10 LK) 4800 PE (1.02 LK) 5000 PE (1.62 LK) 5100 PE (4.57 LK) 5200 PE (3.30 LK) 5300 PE ( 6.46 LK) 5400 PE ( 5.85 LK) 5500 CE (1.52 LK) 5600 PE ( 1.16 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5200 CE (1.83 LK) 4500 PE 91.47 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.02 Cr shares and that of Put Options stood at 3.09 Cr shares. Outstanding open interest in In the Money Call Options stood at 75.69 LK shares and that of Put Options stood at 54.49 LK shares. Put Call Ratio of current series alone stands at 1.38.

Happy Trading

Atul Doshi

Derivatives Daily Update: April 2 2012

Short Covering Day: April 2, 2012

Nifty April Futures closed at 5350.65 up by 17.40 points. Bank Nifty closed at 10358.80 up by 82.95 points. Volumes were lower than yesterday and stood at Rs 790 bn.  Open Interest saw a reduction by nearly 18.85 lakh shares and stood at 2.11 Cr shares across all pending series which indicates short covering in the market. Put Call Ratio in Options Segment was almost flat at 1.06. Volatility as measured by India VIX was down by 7% at 20.88. Dollar Rupee duo was closed for trading today. All in all price wise there was improvement in market and some shorts that were carried forward got covered up today.

As expressed in earlier posts, my prognosis is that we are in secular Bull market and correction that started from higher level was almost over and we are heading towards 5550 -5600 levels. Once this level is decisively crossed we might approach a new high. My advice is to buy in to all dips till we are trading above long term averages which are placed around 5150 level.

Top five individual stocks which gained today were PTC 10%, HINDOILEXP 7%, BGRENERGY 7%, TITAN 7% and BFUTILITIE 6%.

Top five individual stocks which lost ground were NAGAROIL -13%, BEML -5%, AUROPHARMA -4%, JINDALSAW -3% and OIL -3%.

Top five individual stocks which attracted higher volumes were SBIN, RELIANCE, TATASTEEL, ICICIBANK and HDIL.

Top five individual options which attracted higher activity today were SBIN 2200 CE, RELIANCE 760 CE, SBIN 2300 CE, SBIN 2000 PE and DLF 190 PE.

Nifty option series where POSITIVE change in open interest was seen were 5400 CE (5.93 LK) 5500 CE (1.77 LK) 5600 CE (7.43 LK) 5900 CE (1.66 LK) 4700 PE (15.57 LK) 4800 PE (4.13 LK) 4900 PE (2.32 LK) 5100 PE (2.31 LK) 5200 PE (4.03 LK) 5300 PE (4.88 LK) 5400 PE (3.04 LK)

Nifty option series where NEGATIVE change in open interest was seen were 4800 CE (1.19 LK) 4900 CE (1.49 LK) 5000 CE (1.30 LK) 5100 CE (1.27 LK) 5200 CE (1.99 LK) 4600 PE (12.65 LK) 5000 PE (1.29 LK)

Outstanding open interest in Out of the Money Call Options stood at 1.95 Cr shares and that of Put Options stood at 2.94 Cr shares. Outstanding open interest in In the Money Call Options stood at 79.59 LK shares and that of Put Options stood at 47.09 LK shares. Put Call Ratio of current series alone stands at 1.36.

Happy Trading

Atul Doshi