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
No comments:
Post a Comment