Derivatives Daily Update: July 31 2012

Better Day: July 31, 2012

Nifty Futures closed higher by 23.85 points at 5240.55. Bank Nifty closed lower by 36.95 points at 10435.30. Open Interest in Nifty across all the series was up by 1.80 Lakh shares at 2.37 Cr shares. Turnover was up at Rs 1.13 trillion. Put Call Ratio was slightly lower at 1.03 for Index & Stock Options across all the series and was at 1.36 for Nifty alone in current series. Volatility as measured by India VIX was down by 4% at 16.01 and Dollar Rupee pair was trading at 55.72. In all it was a better day for Bulls.

Today too we have closed higher which indicates we are heading for higher levels. As of now 5100 should be considered as important support for Bulls and one can buy with stop loss of 5100 with potential target of 5350.

Top five individual stocks which gained today were ESSAROIL 10%, MCDOWEELL 5%, CESC 5%, BAJAJHLDG 5% & ZEEL 4%.

Top five individual stocks which lost ground were SKUMARSYNF -6%, TITAN -5%, BALRAMCHIN -4%, JINDALSAW -4% & SUZLON -4%.

Top five individual stocks which attracted higher volumes were SBIN, ICICIBANK, AXISBANK, TATAMOTORS & TITAN.

Top five individual options which attracted higher activity today were SBIN 2100CE, SBIN 2000PE, SBIN 2000CE, SBIN 2050CE & SBIN 1900PE.

Nifty option series where POSITIVE change in open interest was seen were 5200CE (2.49 LK) 5300CE (4.97 LK) 5400CE (2.80 LK) 5500CE (2.81 LK) 5600CE (4.32 LK) 4700PE (4.90 LK) 4800PE (11.72 LK)0 4900PE (4.40 LK) 5100PE (5.31 LK) 5200PE (8.07 LK) 5300PE (2.36 LK)

Nifty option series where NEGATIVE change in open interest was seen were 4600PE (5.98 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.02 Cr shares and that of Put Options stood at 3.79 Cr shares. Outstanding open interest in In the Money Call Options stood at 1.15 Cr shares and that of Put Options stood at 50.40 LK shares. Put Call Ratio of current series alone stands at 1.36.

Happy Trading

Atul Doshi

Derivatives Daily Update: July 30 2012

Day of Bulls: July 30, 2012

Nifty August Futures closed up by 93.15 points at 5216.70. Bank Nifty closed up by 265.75 points at 10472.25. Open Interest in Nifty across all the series saw an increase by 11 lakh shares at 2.35 Cr shares. Turnover was low at Rs 810 bn. Put Call Ratio saw an upward revision at 1.06 indicating more writing of puts than calls which again indicates steadiness & confidence amongst the traders. Volatility as measured by India VIX was 16.60 fairly steady. Dollar Rupee pair was trading at 55.66. In all it was a day of Bulls as they mopped up the positions during the day.

Price behavior indicates we are consolidating at medium to long term averages which are placed around 5100. Today we have comfortably closed above this level which is a good sign for Bulls. If we close higher tomorrow chances are there that we have formed some intermediate bottom around 5100 level and unless we break the recent low of 5032(cash levels) it is advisable to buy with adequate stop loss. Let us see what coming days has in offing for us.

Top five individual stocks which gained today were NAGAROIL 16%, SUZLON 12%, IRB 11%, ORIENTBANK 10% and SREINFRA 10%.

Top five individual stocks which lost ground were BEL -7%, GESHIP -4%, OPTOCIRCUIT -2%, SUNTV -2% and AMBUJACEM -2%.

Top five individual stocks which attracted higher volumes were SBIN, ICICIBANK, MCDOWELL, BANKBARODA and AXISBANK.

Top five individual options which attracted higher activity today were SBIN 2000CE, SBIN 2100CE, SBIN 2050PE, SBIN 1900PE and SBIIN 1950PE.

Nifty option series where POSITIVE change in open interest was seen were 54400CE (10.12 LK) 5500CE (4.31 LK) 56000CE (1.18 LK) 4700PE (10.67 LK) 4800PE (4.61 LK) 4900PE (2.53 LK) 5000PE (6.73 LK0 5100PE (7.16 LK) 5200PE (10.89 LK) 5300PE (2.24 LK) 5400PE (3.50 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5100PE (2.29 LK) 4600PE (4.79 LK)

Outstanding open interest in Out of the Money Call Options stood at 1.86 Cr shares and that of Put Options stood at 3.55 Cr shares. Outstanding open interest in In the Money Call Options stood at 1.15 Cr shares and that of Put Options stood at 48.95 LK shares. Put Call Ratio of current series alone stands at 1.34.

Happy Trading

Atul Doshi

Derivatives Daily Update: July 27 2012

Better August Opening: July 27, 2012

Nifty August Futures closed higher by 80.30 points at 5123.55 on first day of series. Bank Nifty closed higher by 126.10 points at 10206.50 points. Open Interest in Nifty across all the series was 2.24 Cr shares. Turnover was at Rs 1.06 trillion. Put Call Ratio across all the series for both Index & Stock Options was 0.90. Volatility as measured by India VIX was marginally up at 16.44 and Dollar Rupee pair was trading lower at 55.38. In all it was a better opening of new series though it gave away some gain after opening higher than yesterday.

We are trading at crucial juncture as we are trading almost at the medium to long term averages which are placed around 5100 level. For markets to go up it is required that we close comfortably above this level. In the last series we traded above this level for better part of the series but in last couple of days we broke below this level which does not augur well for the market. Since we broke this level and are still trading in vicinity of this area chances are there that we will drift further lower. Caution is advised to trader. It is better to trade in options market till a clear trend is established.

Top five individual stocks which gained today were GMDC 5%, COREEDUTEC 5%, STER 5%, TATASTEEL 4% and TATAMTRDVR 4%.

Top five individual stocks which lost ground were SUNTV 11%, UNIONBANK -8%, ORIENTBANK -6%, CENTRALBK -6% and BANKINDIA -6%.

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

Top five individual options which attracted higher activity today were SBIN 2100CE, ICICIBANK 940CE, SBIN 1900PE, SBIN 2000PE and SBIN 2050CE.

Nifty option series where POSITIVE change in open interest was seen were 5000CE (3.19 LK) 5100CE (1.84 LK) 5200CE (2.81 LK) 5300CE (4.64 LK) 5400CE (10.67 LK) 5500CE (12.42 LK) 5600CE (3.21 LK) 4600PE (5.40 LK) 4700PE (6.94 LK) 4800PE (4.82 LK) 4900PE (3.95 LK) 5100PE (8.24 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5400PE (1 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.12 Cr shares and that of Put Options stood at 2.97 Cr shares. Outstanding open interest in In the Money Call Options stood at 77.31 LK shares and that of Put Options stood at 63.74 LK shares. Put Call Ratio of current series alone stands at 1.25.

Happy Trading

Atul Doshi

Derivatives Daily Update: July 26 2012

Downward Breakout Day: July 26, 2012

Nifty July Futures closed at 5043.25 down by 69.30 points. Bank Nifty closed at 10080.40 down by 208.75 points. Open Interest across all the series was up by 23 lakh shares at 3.11 Cr shares. For August series it was up by 52 lakh shares at 2.05 Cr shares. Turnover was up at Rs 2.08 trillion partly due to rollover activity. Put Call Ratio across all the series was 1.02 and for current series in Nifty it was down to 0.81. Volatility as measured by India VIX was down to 16.37 by 2% and Dollar Rupee pair was trading at 55.88. In all it was a weak expiry.

As anticipated in yesterday’s post, Nifty finally broke 5090 and closed lower at 5043. It has given a downward breakout which now warrants a sell in the market. One should wait for confirmation of trend for tomorrow and act accordingly. As of now it is advisable to go short with stop loss place above 5120 level.

Top five individual stocks which gained today were MTNL 7%, STRTECH 4%, SUNTV 4%, IVRCLINFRA 4% and AMBUJACEM 3%.

Top five individual stocks which lost ground were IOB -10%, SKUMARSYNF -9%, KTKBANK -8%, BAJAJHIND -7% & ORCHIDCHEM -7%.

Top five individual stocks which attracted higher volumes were SBIN, ICICIBANK, TATAMOTORS, TATASTEEL & INFY.

Top five individual options which attracted higher activity today were SBIN 2050PE, SBIN 2050CE, SBIN 2100CE, INFY 2150CE & INFY 2150PE.

Nifty option series where POSITIVE change in open interest was seen were 5100CE (64.65 LK) 5200CE (3.55 LK) 5000PE (24.38 LK)

Nifty option series where NEGATIVE change in open interest was seen were 4000CE (1.29 LK) 4900CE (1.20 LK) 5000CE (2.97 LK) 5300CE (3.14 LK0 5400CE (1.32 LK) 4900PE (1.93 LK) 5100PE (27.07 LK) 5200PE (11.10 LK) 5300PE (3.81 LK) 5400PE (1.90 LK) 5500PE (1.41 LK) 6000PE (2.07 LK) 6400PE (1.04 LK)

Outstanding open interest in Out of the Money Call Options stood at 4.29 Cr shares and that of Put Options stood at 3.02 Cr shares. Outstanding open interest in In the Money Call Options stood at 9.04 LK shares and that of Put Options stood at 53.45 LK shares. Put Call Ratio of current series alone stands at 0.81

Happy Trading

Atul Doshi       

Derivatives Daily Update: July 25 2012

Lackluster Day: July 25, 2012

Nifty July Futures closed at 5112.55 down by 22.80 points. Bank Nifty closed at 10289.15 down by 38.90 points. Open Interest in Nifty came down by 1 lakh shares at 2.87 Cr shares. Turnover was up at Rs 1.82 trillion due to rollover activity. Put Call Ratio across all the series for both Index & Stock Options on consolidated basis was almost unchanged at 0.89 though for Nifty alone in current series it came down to 1.02. Volatility as measured by India VIX was down by 1% at 16.75 and Dollar Rupee pair was trading at 56.24. In all it was a lackluster day.

Nifty is trying to break lower support level which is placed at 5090-5100 level. During the day it broke this level but managed to close above 5100. In my opinion if we close below this level for couple of days than momentum that we saw in this month will be vitiated and we might drift further. Tomorrow is expiry so let us see what market has in offing for us in coming days.

Top five individual stocks which gained today were HCLTECH 7%, ZEEL 5%, MTNL 4%, HEXAWARE 4% and AMBUJACEM 4%.

Top five individual stocks which lost ground were EDUCOMP -10%, LITL -9%, JSWISPAT -7%, STRTECH -7% and PRAJIND -5%.

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

Top five individual options which attracted higher activity today were SBIN 2100CE, SBIN 2100PE, SBIN 2050PE, SBIN 2150CE and LT 1350CE.

Nifty option series where POSITIVE change in open interest was seen were 5100CE (3.12 LK) 5200CE (11.66 LK) 5000PE (5.26 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5300CE (7.30 LK) 5400CE (2.87 LK) 5500CE (1.36 LK) 5100PE (4.21 LK) 5200PE (11.11 LK) 5300PE (2.40 LK) 5400PE (1.15 LK) 5500PE (1.45 LK)

Outstanding open interest in Out of the Money Call Options stood at 3.36 Cr shares and that of Put Options stood at 3.47 Cr shares. Outstanding open interest in In the Money Call Options stood at 55.28 LK shares and that of Put Options stood at 51.44 LK shares. Put Call Ratio of current series alone stands at 1.02.

Happy Trading

Atul Doshi       

Derivatives Daily Update: July 24 2012

Day of Consolidation: July 24, 2012

Nifty July Futures closed at 5135.35 up by 14.95 points. Bank Nifty closed at 10328.05 up by 21.40 points. Open Interest in Nifty across all the series was up by 1.37 lakh shares at 2.88 Cr shares. Turnover was more or less same at Rs 1.51 trillion. Put Call Ratio across all the series for both Index & Stock Options was pegged at 0.88 slightly up from yesterday’s level. Volatility as measured by India VIX was down 9% at 16.97 and Dollar Rupee pair was trading at 56.19. In all it was a day of consolidation.

In my Opinion, for extremely short term traders Nifty is trading in a broad range and are advised to buy around 5100 level with stop below 5050 and sell around 5200 with stop loss above 5250. Long term traders can continue to hold their longs until 5075 is broken on lower side on closing basis.

Top five individual stocks which gained today were HINDUNILVR 8%, ONMOBILE 7%, TATAGLOBAL 6%, BAJAJHIND 5% and ADANIPORTS 5%.

Top five individual stocks which lost ground were HDIL -5%, PATELENG -3%, IRB -3%, RCOM -3% and WIPRO -3%.

Top five individual stocks which attracted higher volumes were SBIN, ICICIBANK, INFY, HINDUNILVR and LT.

Top five individual options which attracted higher activity today were SBIN 2100PE, SBIN 2100CE, LT 1400CE, SBIN 2150CE and HINDUNILVR 480CE.

Nifty option series where POSITIVE change in open interest was seen were 5200CE (1.25 LK) 5100PE (8.97 LK) 5200PE (1.81 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5300CE (11.70 LK) 5400CE (2.51 LK) 5500CE (1.29 LK) 4900PE (1.95 LK) 5000PE (2.09 LK) 5300PE (2.59 LK)

Outstanding open interest in Out of the Money Call Options stood at 3.39 Cr shares and that of Put Options stood at 3.51 Cr shares. Outstanding open interest in In the Money Call Options stood at 54.36 LK shares and that of Put Options stood at 71.75 LK shares. Put Call Ratio of current series alone stands at 1.07.

Happy Trading

Atul Doshi       

Derivatives Daily Update: July 20 2013

Sorry Friends. I was not able to write Blog on this day due to some social commitments.

Derivatives Daily Update: July 23 2012.

Weak Day: July 23, 2012

Nifty July Futures closed at 5120.4 down by 96.20 points. Bank Nifty closed at 10306.65 down by 203.20 points. Open Interest across all the series was up by 5.37 lakh shares at 2.87 Cr shares indicating fresh shorts being created in the market. Turnover was up at Rs 1.53 trillion partly due to carry over activity as we are nearing expiry. Put Call Ratio drastically came down to 0.84 as traders were weary about the market and they wrote call options and squared off their short positions in Put options. Volatility as measured by India VIX shot up by 11% at 18.66 helping markets to fall further. Dollar Rupee pair too played a spoil sport by closing higher at 55.98. In all it was a weak day.

We are fast approaching medium term to long term averages which are placed at 5087 and 5099. If we succeed in holding this level and does not close below this level structure of Nifty is yet not vitiated. If fall below this level and close below it for couple of days than we might see lower levels. We are at crucial juncture hence it is advisable to play very carefully.

Top five individual stocks which gained today were SRTRANSFIN 4%, MTNL 3%, BAJAJHIND 2%, BALRAMCHIN 2% and ULTRACEMCO 2%.

Top five individual stocks which lost ground were CROMGREAV -10%, PANTALOON -8%, HDIL -7%, IVRCLINFRA -6% and GODREJIND -6%.

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

Top five individual options which attracted higher activity today were LT 1400CE, LT 1350PE, SBIN 2100PE, SBIN 2150CE, LT 1450CE.

Nifty option series where POSITIVE change in open interest was seen were 5100CE (21.25 LK) 5200CE (24.06 LK) 4800PE (3.23 LK) 4900PE (2.24 LK) 5000PE (5.78 LK) 5100PE (2.04 LK)

Nifty option series where NEGATIVE change in open interest was seen were 4800CE (1.41 LK) 5400CE (11.56 LK) 5500CE (3.77 LK) 5200PE (22.28 LK) 5300PE (8.33 LK) 5400PE (1.83 LK)

Outstanding open interest in Out of the Money Call Options stood at 3.54 Cr shares and that of Put Options stood at 3.46 Cr shares. Outstanding open interest in In the Money Call Options stood at 56.16 LK shares and that of Put Options stood at 75.65 LK shares. Put Call Ratio of current series alone stands at 1.02

.

Happy Trading

Atul Doshi       

Derivatives Daily Update: July 19 2012

Better Day: July 19, 2012

Nifty July Futures closed at 5257 up by 33.45 points. Bank Nifty closed at 10640 up by 11.90 points. Open Interest across all the series was up by 6.39 lakh shares indicating mop up by Bulls. Turnover was slightly lower at Rs 1.12 trillion. Put Call Ratio across all the series and for both Index & Stock Options was trading much better at 1.09 indicating confidence returning back. Volatility too was down by 6% at 16.38 again adding confidence to market. Dollar Rupee pair was trading slightly lower at 55.19 helping to better sentiment. In all it was a better day with returning of some confidence back.

In my opinion, for extremely short term traders Nifty is till trading in a range of 5200-5300 so they can play this range with upward bias. For long term traders it is advisable to hold long till 5070 is breached on lower side with price target of 5500.

Top five individual stocks which gained today were DISHTV 5%, GMRINFRA 4%, TTKPRESTIG 4%, MCDOWELL 4% and MRPL 4%.

Top five individual stocks which lost ground were MARUTI -9%, IDEA -4%, GODREJIND -4%, BANKBARODA -3% and KOTAKBANK -3%.

Top five individual stocks which attracted higher volumes were MARUTI, SBIN, ICICIBANK, INFY and HEROMOTOCO.

Top five individual options which attracted higher activity today were INFY 2200CE, SBIN 2200CE, INFY 2250CE, INFY 2200PE and INFY 2300CE.

Nifty option series where POSITIVE change in open interest was seen were 5400CE (1.05 LK) 5200PE (10.87 LK) 5300PE (4.26 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5000CE (1.29 LK) 5200CE (3.41 LK) 5600CE (1.43 LK) 4900PE (2.88 LK) 5000PE (5.09 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.92 Cr shares and that of Put Options stood at 4.11 Cr shares. Outstanding open interest in In the Money Call Options stood at 80.22 LK shares and that of Put Options stood at 58.97 LK shares. Put Call Ratio of current series alone stands at 1.26.

Happy Trading

Atul Doshi       

Derivatives Daily Update: July 18 2012

Day of Consolidation: July 18, 2012

Nifty July Futures closed at 5233.55 up by 24.90 points. Bank Nifty closed at 10628.10 up by 67.65 points. Open Interest in Nifty across all the series was down by 1.50 lakh shares at 2.74 Cr shares. Turnover was up at Rs 1.14 trillion. Put Call Ratio was higher at 0.91. Volatility as measured by India VIX was down by 2% at 17.44. Dollar Rupee pair was trading at 55.47 slightly higher. In all it was a day of consolidation.

In my opinion in short term markets have become extremely range bound and short term traders are advised to trade a range. In medium to long term Nifty is still holding make or break point of 5070. As long as this level is survived every dip in price is opportunity to buy.

Top five individual stocks which gained today were PANTALOON 7%, TATACOMM 6%, FINANTECH 6%, CENTURYTEX 6% and BAJAJAUTO 5%.

Top five individual stocks which lost ground were PNB -3%, UNIONBANK -3%, JINDALSAW -3%, TATATMTRDVR -3% and ORIENTBANK -2%.

Top five individual stocks which attracted higher volumes were SBIN, BAJAJAUTO, ICICIBANK, ADANIENT and TATAMOTORS.

Top five individual options which attracted higher activity today were SBIN 2200CE, BAJAJAUTO 1500CE, INFY 2200CE, BAJAJAUTO 1400PE and BAJAJAUTO 1450CE.

Nifty option series where POSITIVE change in open interest was seen were 5400CE (1.08 LK) 5100PE (2.78 LK) 5200PE (1.10 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5100CE (-1.37 LK) 5200CE (5.38 LK) 5300CE (1 LK) 5500CE (2.30 LK) 5000PE (2.13 LK) 5400PE (1.50 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.93 Cr shares and that of Put Options stood at 4.95 Cr shares. Outstanding open interest in In the Money Call Options stood at 86.85 LK shares and that of Put Options stood at 55.97LK shares. Put Call Ratio of current series alone stands at 1.22.

Happy Trading

Atul Doshi

Derivatives Daily Update: July 17 2012

Lackluster Day: July 17, 2012

Nifty July Futures closed at 5198.65 down by 8 points. Bank Nifty closed at 10560.45 down by 17.95 points. Open Interest in Nifty across all the series increased by 7.45 lakh shares at 2.76 Cr shares. Turnover was higher at Rs 1.08 trillion. Put Call Ratio drastically came down to 0.79 across all the series for both Index & Stock Options. It came down to 1.25 for Nifty alone in current series. Volatility as measured by India VIX was down by 5% at 17.78. Dollar Rupee pair was trading at 55.17 slightly down from yesterday’s level. In all markets were trading listless with downward bias.

In my opinion Nifty has broken short term trading range of 5200-5325 on down side. It does not augur well as it has opened the probability of market touching 5070. Trading statistics shows mix trend. While VIX and Dollar Rupee movement was favorable for Bulls, increase in Open Interest on a down day as well as poor PCR does not augur well for Bulls. For short term traders new range is 5100-5225. Long term positional traders can continue to hold their long till 5070 is breached.

Top five individual stocks which gained today were MCLEODRUSS 3%, TATAGLOBAL 2%, WIPRO 2%, DABUR 2% and DRREDDY 2%.

Top five individual stocks which lost ground were ADANIENT -9%, AIL -6%, ADANIPOWER -6%, BAJAJHIND -6% and RENUKA -5%.

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

Top five individual options which attracted higher activity today were INFY 2200CE, AXISBANK 1050CE, AXISBANK 1000PE, INFY 2250CE and AXISBANK 1100CE.

Nifty option series where POSITIVE change in open interest was seen were 5200CE (3.68 LK) 5300CE (9.35 LK) 5000PE (1.28 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5400CE (1.32 LK) 5500CE (4.52 LK) 4700PE (1.08 LK) 5100PE (2.32 LK0 5300PE (7.03 LK0 5400PE (3.16 LK)

Outstanding open interest in Out of the Money Call Options stood at 3.46 Cr shares and that of Put Options stood at 3.55 Cr shares. Outstanding open interest in In the Money Call Options stood at 45.48 LK shares and that of Put Options stood at 1.13 CR shares. Put Call Ratio of current series alone stands at 1.25.

Happy Trading

Atul Doshi       

Derivatives Daily Update: July 16 2012

Weak Day: July 16, 2012

Nifty July Futures closed at 5206.85 down by 33.60 points. Bank Nifty too closed lower at 10578.40 down by 38.75 points. Open Interest in Nifty across all the series was up by 4.72 lakh shares at 2.68 Cr shares. Turnover was up at Rs 1.07 trillion. Put Call Ratio across all the series for both Index & Stock Options was notch down at 0.92 and for Nifty alone in current series was down by 5 notches at 1.25. Volatility as measured by India VIX was up by 3% at 18.77 and Dollar Rupee pair was trading at 55.35. In all it was a weak day and market was showing some weariness amongst the traders.

As said earlier we are trading in extreme range of 5200-5325. In short term, traders are advised to trade this range. Short term traders should buy in fall with stop loss below 5200 and sell around higher end of the band with stop loss above 5350. Long term and positional traders should hold their long till 5070 is breached on closing basis. Add to your longs only when it closes above 5340.

Top five individual stocks which gained today were BHARTIARTL 4%, GODREJIND 3%, LUPIN 3%, CROMPGREAVE 2% and CUMMINSIND 2%.

Top five individual stocks which lost ground were ONMOBILE -6%, ADANIENT -5%, NCC -4%, JSWISPAT -4% and TATASTEEL -4%.

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

Top five individual options which attracted higher activity today were INFY 2200CE, IBFY 2200PE, INFY 2300CE, SBIN 2200CE and INFY 2250CE.

Nifty option series where POSITIVE change in open interest was seen were 5200CE (8 LK) 5300CE (10.60 LK) 5400CE (1.95 LK) 4800PE (1.55 LK) 4900PE (1.98 LK) 5000PE (5.01 LK) 5100PE (2.48 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5600CE (1.40 LK) 5200PE (3.24 LK) 5300PE (5.25 LK) 5400PE (3.67 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.98 Cr shares and that of Put Options stood at 4.19 Cr shares. Outstanding open interest in In the Money Call Options stood at 93.66 LK shares and that of Put Options stood at 70.71 LK shares. Put Call Ratio of current series alone stands at 1.25.

Happy Trading

Atul Doshi

Derivatives Daily Update: July 13 202

Lackluster Week End: July 13, 2012

Nifty July Futures closed lower by 10.95 points at 5240.45. Bank Nifty closed lower by 15.55 points at 10617.15. Open Interest in Nifty across all the series increased by 8 lakh shares at 2.64 Cr shares indicating fresh shorts being created in the market. Turnover was lower at Rs 989 bn largely due to range bound movement. Put Call Ratio was almost unchanged at 0.93 and for Nifty alone in current series it further came down to 1.30 indicating hesitant mood on the part of participants as they were writing more Calls against Puts as well as unwinding Put Options. Volatility as measured by India VIX was down 2% at 18.26. Dollar Rupee duo was also trading bit lower at 55.27. In all it was a week day with lackluster activity probably due to week end.

In extremely short run markets have again become range bound and traders are advised to play the broad range of 5200-5325. In medium to long term as long as we remain above 5050 target of 5500 is still achievable. Let us see what new week has in offing for us.

Top five individual stocks which gained today were MTNL 4%, DCB 4%, SINTEX 3%, SRTRANSFIN 3% and BFUTILITIE 3%.

Top five individual stocks which lost ground were FINANTECH -4%, HDIL -4%, JINDALSTEL -4%, GMRINFRA -4% and UNITECH -3%.

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

Top five individual options which attracted higher activity today were TCS 1300CE, TCS 1250CE, TCS 1250PE, INFY 2300CE and TCS 1200PE.

Nifty option series where POSITIVE change in open interest was seen were 5300CE (8.38 LK) 5400CE (9.80 LK) 4900PE (4.02 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5100CE (1.60 LK) 5500CE (3.93 LK0 5600CE (2.04 LK) 4700PE (1.55 LK) 4800PE (4.21 LK) 5000PE (1.86 LK) 5200PE (3.48 LK) 5300PE (3.76 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.93 Cr shares and that of Put Options stood at 4.17 Cr shares. Outstanding open interest in In the Money Call Options stood at 88.82 LK shares and that of Put Options stood at 80.94LK shares. Put Call Ratio of current series alone stands at 1.30.

Happy Trading

Atul Doshi       

Derivatives Daily Update: July 12 2012

Weak Day: July 12, 2012

Nifty July Futures closed lower at 5251.40 down by 71.5 points. Bank Nifty too closed lower at 10632.7 down by 101.20 points. Open Interest in Nifty across all the series was up by 1 lakh shares at 2.55 Cr shares. Turnover was handsomely up at Rs 1.33 trillion which does not augur well particularly in falling market. Put Call Ratio across all the series for both Index and Stock Options came down to 0.93 from 1.10 levels and that for Nifty alone in current series came down to 1.37 which too indicates shaken sentiment amongst the traders as they were writing more Calls against Puts and unwinding more Puts against Calls. Volatility as measured by India VIX was marginally up by 2% at 18.71 and Dollar Rupee pair was also trading bit higher at 55.98. Results season has creped in and first major result of Infosys was not good. In all it was a weak day though Open Interest has not seen major change.

In my opinion, we have witnessed first meaningful correction of intermediate uptrend. It can extend up to 5200. For short term and Intra day traders 5200 should be considered as support and 5340 as resistance. For medium to long term traders as long as we are above 5050 any such correction is good time to shop.

Top five individual stocks which gained today were MCDOWELL 6%, IBREALEST 4%, ONMOBILE 4%, GODREHIND 4% and HINDPETRO 3%.

Top five individual stocks which lost ground were INFY -9%, INDIAINFO -5%, HEXAWARE -5%, ASHOKLEY -4% and IVRCLINFRA -4%.

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

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

Nifty option series where POSITIVE change in open interest was seen were 5100CE 3.37 LK) 5200CE (8.66 LK) 5300CE (10.42 LK) 5400CE (4.33 LK) 5500CE (1.15 LK) 4900PE (6.68 LK) 5000PE (4.29 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5000CE (1.43 LK) 5600CE (10.76 LK) 5700CE (2.63 LK) 4700PE (1.86 LK) 4800PE (2.61 LK) 5100PE (1.61 LK) 5200PE (5.46 LK) 5300PE (4.26 LK) 5400PE (7.78 LK) 5500PE (1.53 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.81 Cr shares and that of Put Options stood at 4.26 Cr shares. Outstanding open interest in In the Money Call Options stood at 91.07 LK shares and that of Put Options stood at 85.65 LK shares. Put Call Ratio of current series alone stands at 1.37

Happy Trading

Atul Doshi       

Derivatives Daily Update: July 11 2012

Lackluster Day: July 11, 2012

Nifty July Futures closed at 5322.90 down by 35.25 points. Bank Nifty closed at 10733.90 down by 25.60 points. Open Interest across all the series was down by 1 lakh shares at 2.54 Cr shares. Turnover was lower than yesterday at Rs 876 bn. Put Call Ratio was unchanged at 1.10. Volatility as measured by India VIX was up by 3% at 18.39 and Dollar Rupee pair was trading slightly up at 55.66. In all it was a lackluster day without much of fanfare.

In my opinion we are into intermediate uptrend as long as it remains above 5050. Every dip in the market is an opportunity to buy with adequate stop loss.

Top five individual stocks which gained today were NAGAROIL 4%, TVSMOTOR 3%, FINANTECH 3%, GESHIP 3% and CHAMBLFERT 3%.

Top five individual stocks which lost ground were SYNDIBANK -4%, NMDC -4%, HINDALCO -3%, CUMMINSIND -3% and IBREALEST -3%.

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

Top five individual options which attracted higher activity today were INFY 2600CE, INFY 2500CE, INFY 2700CE, INFY 2300PE and INFY 2400PE.

Nifty option series where POSITIVE change in open interest was seen were 5300CE (1.75 LK) 5400CE (2.74 LK) 5000PE (1.62 LK) 5100PE (4.63 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5200CE (-1.16 LK) 5500CE (1.44 LK) 5600 CE (1.39 LK) 4700PE (1.06 LK) 4900PE (5.56 LK) 5200PE (1.57 LK) 5300PE (4.49 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.20 Cr shares and that of Put Options stood at 4.77 Cr shares. Outstanding open interest in In the Money Call Options stood at 1.40 CR shares and that of Put Options stood at 48.84 LK shares. Put Call Ratio of current series alone stands at 1.46

Happy Trading

Atul Doshi       

Derivatives Daily Update: July 10 2012

Resilient Day: July 10, 2012

Nifty July Futures closed at 5358.15 up by 78.75 points. Bank Nifty closed at 10759.50 up by 190.35 points. Open Interest in Nifty across all the series was up by 10 lakh shares at 2.55 Cr shares. Turnover too was higher than yesterday at Rs 1 trillion. Put Call Ratio for both Index & Stock Options across all the series shot up to 1.10 and that for Nifty alone in current series was pegged at 1.47 up from yesterday’s level indicating lot of Put writing coupled with Call unwinding happening in the market which in turn indicates confidence amongst the traders that markets are poised for upward movement. Volatility as measured by India VIX was down by 5% at 17.83 which helped markets to remain buoyant. Dollar Rupee pair also helped in enhancing confidence by falling 50 basis points at 55.53. In all it was a resilient day with lot of confidence and upward bias.

As said in earlier posts, we are in intermediate uptrend as long as we remain above 5050 and potential target is 5500. It is advisable to go long in every dip albeit with suitable stop loss.

Top five individual stocks which gained today were ONMOBILE 10%, PUNJLLOYD 8%, RCOM 6%, KTKBANK 6% and STRTECH 6%.

Top five individual stocks which lost ground were ZEEL -1%, MCDOWELL -1%, HINDPETRO -1%, SUNTV -1% and ACC -1%.

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

Top five individual options which attracted higher activity today were SBIN 2250CE, INFY 2500CE, SBIN 2200CE, SBIN 2300CE and ICICIBANK 940CE.

Nifty option series where POSITIVE change in open interest was seen were 5400CE (2.53 LK) 5500CE (5.48 LK) 5600CE (5.41 LK0 5700CE (2.93 LK) 5000PE (5.32 LK) 5100PE (5.85 LK) 5200PE (8.84 LK) 5300PE (14.03 LK) 5400PE (11.67 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5200CE (2.47 LK) 5300CE (7.50 LK) 4700PE (3.67 LK) 4800PE (2.24 LK0 4900PE (9.03 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.23 Cr shares and that of Put Options stood at 4.88 Cr shares. Outstanding open interest in In the Money Call Options stood at 1.41 CR shares and that of Put Options stood at 50.32 LK shares. Put Call Ratio of current series alone stands at 1.48

Happy Trading

Atul Doshi       

Derivatives Daily Update: July 9 2012

Down Day: July 9, 2012

Nifty July Futures closed at 5279.40 down by 47.80 points. Bank Nifty closed at 10569.15 down by 74.40 points. Open Interest in Nifty across all the series came down by 5.39 cr shares at 2.46 cr shares as Bulls unwounded their positions. Turnover was higher at Rs 868 bn. Put Call Ratio across all the series and for both Index & Stock Options came down to 0.94 indicating participants are bit weary about the market, though PCR for Nifty alone in current series was marginally down at 1.49. Volatility as measured by India VIX was up by 4% at 18.72 and Dollar Rupee pair was also trading higher at 56.05 making Rupee more vulnerable. In all it was a down day with bout of profit booking being witnessed in the market.

My prognosis about the market is still bullish. We are into intermediate uptrend till we remain above 5050. Every dip in the market till the said level is an opportunity to buy albeit with suitable stop loss.

Top five individual stocks which gained today were TVSMOTORS 8%, BFUTILITIE 2%, IGL 2%, EXIDE 1% and DLF 1%.

Top five individual stocks which lost ground were IVRCLINFRA -8%, ORCHIDCHEM -6%, GMRINFRA -6%, JSWENERGY -5% and CHAMBLFERT -5%.

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

Top five individual options which attracted higher activity today were SBIN 2200CE, SBIN 2250CE, ICICIBANK 940CE, SBIN 2300CE and IFCI 45CE

Nifty option series where POSITIVE change in open interest was seen were 5200CE (2.07 LK) 5300CE (12.89 LK) 5400CE (7.37 LK) 5500CE (1.41 LK) 5200PE (1.65 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5100CE (-1.49 LK) 5600CE (-4.97 LK) 5700CE (-2.55 LK) 5800CE (-1.28 LK) 4700PE (-1.82 LK) 4800PE (-1.62 LK) 4900PE (-3.64 LK) 5400PE (1.09 LK) 5500PE (-1.37 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.71 Cr shares and that of Put Options stood at 4.26 Cr shares. Outstanding open interest in In the Money Call Options stood at 86.38 LK shares and that of Put Options stood at 80.54 LK shares. Put Call Ratio of current series alone stands at 1.49

Happy Trading

Atul Doshi       

Derivatives Daily Update: July 6 2012

Dull Day: July 6, 2012

Nifty July Futures closed at 5327 down by 17 points. Bank Nifty closed at 10643.55 down by 5 points. Open Interest in Nifty across all the series was down by 3 lakh shares at 2.51 Cr shares. Turnover was higher at Rs 825 bn. Put Call Ratio came down to 0.96 and Volatility as measured by India VIX was down at 18.04. Dollar Rupee was trading higher at 55.69. In all it was a dull day.

As it was a listless day without much of a change from yesterday’s level, my prognosis remains the same. We are heading for 5500 and it is advisable to remain bullish in the market.

Happy Trading

Atul Doshi       

Derivatives Daily Update: July 5 2012

Better Day: July 5, 2012

Nifty July Futures closed higher by 21.85 points at 5344.50. Bank Nifty closed higher by 102 points at 10638.25. Open Interest in Nifty across all series was up by 6 lakh shares at 2.54 Cr shares. Turnover was Rs 730 bn, more or less at same level. Put Call Ratio was marginally up at 1.05. Volatility as measured by India VIX was slightly up at 18.35 and Dollar Rupee pair was trading at 55.21. In all it was a stable day with upward bias.

My stance on market remains bullish. We are headed for 5500. Buying opportunity emerges at every dip till we break 5270. Buy in every dip with potential target of 5500.

Top five individual stocks which gained today were NAGAROIL 11%, APIL 6%, SOUTHBANK 5%, RENUKA 5% and TVSMOTORS 5%.

Top five individual stocks which lost ground were BAJAJHLDG -4%, SOBHA -3%, ASIANPAINT -2%, IFCI -2% and ONGC -2%.

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

Top five individual options which attracted higher activity today were SBIN 2250CE, SBIN 2200CE, SBIN 2200PE, SBIN 2300CE and TATAMOTORS 240CE.

Nifty option series where POSITIVE change in open interest was seen were 5400CE (3.72 LK) 5500CE (5.84 LK) 5600CE (4.80 LK) 4900PE (3.75 LK) 5000PE (3.85 LK) 5100PE (3.12 LK) 5200PE (5.60 LK) 5300PE (9.52 LK) 5400PE (2.33 LK)

Nifty option series where NEGATIVE change in open interest was seen were 4700CE (1.12 LK) 4700PE (1.04 LK) 4800PE (4.41 LK)

Outstanding open interest in Out of the Money Call Options stood at 1.93 Cr shares and that of Put Options stood at 4.62 Cr shares. Outstanding open interest in In the Money Call Options stood at 1.42 CR shares and that of Put Options stood at 40.48 LK shares. Put Call Ratio of current series alone stands at 1.50

Happy Trading

Atul Doshi       

Derivaitves Daily Update: July 4 2012

Resilient Day: July 4, 2012

Nifty July Futures closed at 5322.65 up by 16.90 points. Bank Nifty closed at 10536.25 up by 48.50 points. Open Interest in Nifty across all the series increased by 8 lakh shares at 2.48 Cr shares. Turnover was slightly lower than yesterday at Rs 716 bn.  Put Call Ratio was marginally up at 1.01 for both Index & Stock Options on consolidated basis and for Nifty alone in current series it was up at 1.49. Volatility as measured by India VIX was down by 2% at 18.27. Dollar Rupee pair was also trading lower at 54.74 helping Rupee to gain. In all it was a resilient day with upward bias as can be seen from bullish built up in Open Interest as well as improvement in price of Nifty from yesterday’s level.

As said earlier we are heading for 5500. All the lead indicators like Open Interest, Price behavior, Dollar Rupee, Volatility and technical charts suggests confidence is returning and traders are comfortable in bullish build up. Even FII’s are supporting by buying in the market. Mind you one has to remain cautious and enter the trade with definite stop in mind as VIX is trading at its trough level and any sharp reversal from this level to mean, will lead market to become jittery as generally VIX is inversely correlated to price behavior.

Top five individual stocks which gained today were STRTECH 10%, ONMOBILE 10%, JSWISPAT 8%, VOLTAS 7% and IDEA 6%.

Top five individual stocks which lost ground were SUNTV -3%, INDIACEM -3%, ESSAROIL -2% MRPL -2% and ONGC -2%.

Top five individual stocks which attracted higher volumes were SBIN, ICICIBANK, SESAGOA, JSWSTEEL and TATAMOTORS.

Top five individual options which attracted higher activity today were SBIN 2000CE, SBIN 2250CE, SBIN 2200PE, SBIN 2100PE and SBIN 2300CE.

Nifty option series where POSITIVE change in open interest was seen were 5300CE (1.43 LK) 5400CE (7.02 LK) 5500CE (3.43 LK) 5600CE (3.48 LK) 4700PE (1.03 LK) 4800PE (1.12 LK) 4900PE (2.89 LK) 5000PE (3.22 LK) 5100PE (1.61 LK) 5200PE (5.77 LK) 5300PE (6.05 LK) 5400PE (1.78 LK)

Nifty option series where NEGATIVE change in open interest was seen were 6000CE (0.85 LK)

Outstanding open interest in Out of the Money Call Options stood at 1.80 Cr shares and that of Put Options stood at 4.47 Cr shares. Outstanding open interest in In the Money Call Options stood at 1.46 CR shares and that of Put Options stood at 39 LK shares. Put Call Ratio of current series alone stands at 1.49

Happy Trading

Atul Doshi       

Derivatives Daily Update: July 3 2012

Resilient Day: July 3, 2012

Nifty July Futures closed higher by 10.15 points at 5305.75. Bank Nifty too closed higher by 76 points at 10487.75. Open Interest across all the series was up by 7 lakh shares at 2.41 Cr shares. Turnover was up from yesterday’s level at Rs 846 bn. Put Call Ratio for both Index Options and Stock Options was almost unchanged at 0.99. Volatility as measured by India VIX was 18.56 down by 2% from yesterday’s level. Dollar Rupee too was under pressure at 54.99. In all it was a resilient day with not much of fanfare and volatility.

We are heading for 5500 as we are trading comfortably around 5300 level for couple of days with out giving away gains. Buy in every dip with potential target of 5500 and with adequate stop loss.

Top five individual stocks which gained today were MRPL 7%, SUNTV 7%, NBAJAJHIND 6%, BALRAMCHIN 6% and ESSAROIL 6%.

Top five individual stocks which lost ground were NCC -3%, PTC -2%, APOLLOTYRE -2%, SREINFRA -2% and GMRINFRA -2%.

Top five individual stocks which attracted higher volumes were SBIN, ICICIBANK, RELCAPITAL, AXISBANK and JSWSTEEL.

Top five individual options which attracted higher activity today were SBIN 2200CE, SBIN 2250CE, SBIN 2100PE, ICICIBANK 900CE and IFCI 45CE.

Nifty option series where POSITIVE change in open interest was seen were 5300CE (5.58 LK) 5400CE (6.02 LK0 5500CE (2.46 LK) 5600CE (5.02 LK0 4900PE (5.84 LK) 5000PE (2.17 LK) 5200PE (3.52 LK) 5300PE (5.31 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5200CE (-0.76 LK)

Outstanding open interest in Out of the Money Call Options stood at 1.69 Cr shares and that of Put Options stood at 4.29 Cr shares. Outstanding open interest in In the Money Call Options stood at 1.48 CR shares and that of Put Options stood at 37 LK shares. Put Call Ratio of current series alone stands at 1.47

Happy Trading

Atul Doshi       

Derivatives Daily Update: July 2 2012

Low Volume Day: July 2, 2012

Nifty July Futures closed at 5295.60 marginally down by 1.75 points. Bank Nifty closed at 10411.75 up by 65.20 points. Open Interest in Nifty across all the series was up by 4.61 lakh shares at 2.34 Cr shares. Turnover was lower than yesterday at Rs 781 bn. Put Call Ratio across all the series for both Index & Stock Options on consolidated basis came down to 1 and of Nifty alone for current series was at 1.50 down from yesterday’s level. Volatility as measured by India VIX was almost unchanged at 19.01. Dollar Rupee pair was also trading lower than yesterday at 55.78. In all it was a low activity day with bias on Bull side.

We broke the trading range on previous day and today for better part of the day we were trading above 5300 level. In my opinion we are heading for 5500 level. Every dip is an opportunity to buy with a caveat that VIX should not shoot up drastically. VIX is trading at its trough level and any serious reversal will play a spoil sport as VIX is in general inversely correlated to price movement. Another spanner in the wheel is PCR. If PCR, falls below 1 than it is not conducive for bullish market. Any way as of know as long as Nifty remains stable for couple of days, said target is achievable.

Top five individual stocks which gained today were PANTALOONR 6%, UNITECH 6%, ADANIENT 5%, SKUMARSYNF 5% and NMDC 5%.

Top five individual stocks which lost ground were ITC -4%, JINDALSTEL -3%, TVSMOTORS -2%, TATAMTRDVR -2% and MAX -2%.

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

Top five individual options which attracted higher activity today were SBIN 2200CE, SBIN 2100PE, ICICIBANK 900CE, SBIN 2200PE and SBIN 2250CE.

Nifty option series where POSITIVE change in open interest was seen were 5300CE (7.58 LK) 5400CE (7.05 LK) 5500CE (8.02 LK) 5600CE (4.14 LK) 6000CE (1.11 LK) 4800PE (5.52 LK0 4900PE (3.65 LK) 5100PE (8.38 LK0 5200PE (9.44 LK) 5300PE (3.62 LK)

Nifty option series where NEGATIVE change in open interest was seen were 5700CE (6.15 LK) 4600PE (1.19 LK) 4700PE (5.91 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.09 Cr shares and that of Put Options stood at 3.91 Cr shares. Outstanding open interest in In the Money Call Options stood at 93 LK shares and that of Put Options stood at 61 LK shares. Put Call Ratio of current series alone stands at 1.50.

Happy Trading

Atul Doshi