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Saturday, 4 August 2012

Derivatives Daily Update: August 3 2012


Day of Consolidation: August 3 2012

Nifty August Futures closed at 5241.05 down by just 5.65 points. Bank Nifty closed at 10384.4 down by 44.30 points. Open Interest in Nifty across all the series came down by 1.44 lakh shares at 2.40 Cr shares. Turnover was higher at Rs 1 trillion. Put Call Ratio across all the series for both Index and Stock Options was pegged at 1.04 up from yesterday’s level. PCR for Nifty alone in current series was 1.35. Volatility as measured by India VIX was placed at 16.12 down by 4%. Dollar Rupee pair was trading at 56.10 slightly up from yesterday’s level. In all it was a day of consolidation and extremely range bound trading day.

In my opinion, nothing has changed which will compel me to change my view. In my opinion as far as we are trading above 5100 level on closing basis any intra dip is an opportunity to buy. First price target can be placed at 5350 and there after 5500. Stop loss as suitable to you or ultimate stop below 5100.

Top five individual stocks which gained today were ONMOBILE 10%, OFSS 6%, MRF 6%, BALRAMCHIN 6% and TECHM 6%.

Top five individual stocks which lost ground were RECLTD -4%, SREINFRA -4%, MRPL -3%, GVKPIL -3% and ADANIENT -3%.

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

Top five individual options which attracted higher activity today were SBIN 2000CE, SBIN 2100CE, SBIN 2000PE, SBIN 2050CE and LT 1400CE.
Nifty option series where POSITIVE change in open interest was seen were 5300CE (8.05 LK) 5400CE (1.73 LK) 5500CE (9.83 LK) 5000PE (8.29 LK) 5100PE (3.58 LK) 5300PE (4.01 LK)

Nifty option series where NEGATIVE change in open interest was seen were 4700PE (4.06 LK) 4800PE (5.28 LK)

Outstanding open interest in Out of the Money Call Options stood at 2.40 Cr shares and that of Put Options stood at 4.12 Cr shares. Outstanding open interest in In the Money Call Options stood at 1.08 CR shares and that of Put Options stood at 56.57 LK shares. Put Call Ratio of current series alone stands at 1.35.

Happy Trading

Atul Doshi

1 comment:

  1. Derivative contracts facilitates to trade in future market and hedge against future price risk. Traders can trade in future contracts of stocks and commodities both. Using mcx tips in commodity market helps in earning good returns.

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