Derivatives Daily Date: June 19 2012

An Up Day: June 19, 2012

Nifty June Futures closed higher by 51.80 points at 5110.60. Bank Nifty too closed higher though marginally up by 72.05 points at 9779.55. Open Interest in Nifty across all the series for both Index & Stock Options was up by 6.20 lakh shares at 2.05 Cr shares. Turnover was lower at Rs 1.52 trillion. Put Call Ratio has remained almost unchanged at 1.09 though for current series for Nifty alone was 1.68 up from 1.63 levels. Volatility as measured by India VIX was lower by 5 % at 21.43. Dollar Rupee duo was trading at 56.04 with slight upward bias. In all it was a up day with Bulls adding positions in the market.

Nifty is broadly trading in a range with one day up and other day down. In my opinion as long as we are not able to comfortably trade above 5228, every rise is an opportunity to sell for positional traders. For short term traders who want to punt on Bull side can buy with stop loss at 5070 which coincides with both 50 DMA as well as 200 DMA. As and when we fall below 5070 and close below that we might se lower levels.

Top five individual stocks which gained today were HINDPETRO 6%, GVKPIL 5%, FINANTECH 5%, JSWISPAT 4% and NCC 4%.

Top five individual stocks which lost ground were ONMOBILE -6%, GODREJIND -3%, TATACOMM -3%, APOLLOTYRE -3% and SESAGOA -3%.

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

Top five individual options which attracted higher activity today were SBIN 2100CE, SBIN 2100PE, SBIN 2050PE, SBIN 2200CE and SBIN 2000PE

Nifty option series where POSITIVE change in open interest was seen were 5100CE (5.57 LK) 5200CE (3.87 LK) 5300CE (6.75 LK) 4800PE (2 LK) 4900PE (4.19 LK) 5000PE (3.96 LK) 5100PE (9.56 LK) 5200PE (1.58 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5000CE (-5.41 LK) 4500PE (-1.61 LK) 4600PE (2.39 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.19 Cr shares and that of Put Options stood at 5.73 Cr shares. Outstanding open interest in In the Money Call Options stood at 1.47 Cr shares and that of Put Options stood at 42 LK shares. Put Call Ratio of current series alone stands at 1.68

Happy Trading

Atul Doshi