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
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