The Alternative Research
AILY
ERIVATIVES
10 Sep 2013
Snapshot
10/Sep
Spot Price
NM Fut Prem/Dis
MM Fut Prem/Dis
5,897
10
40
6/Sep
5,680
17
44
Chg
216
-7
-4
Technical outlook
Nifty opened with a gap-up and has given a positive crossover
of its 200D-SMA forming a long Bullish candle to end its session
marginally below 5900 levels. The daily RSI trades above its
trigger line and mean level of 50. Continued with its positive
momentum will see Nifty aim towards 5970 levels (resistance
trendline connecting from highs of May’13 and Jul’13).
PUT CALL RATIO
Total Vol PCR
Total O I PCR
Nifty Vol PCR
Nifty OI PCR
10/Sep
0.66
0.84
1.08
1.61
6/Sep
0.60
0.78
1.09
1.51
Chg
0.06
0.06
-0.01
0.10
Key highlights
•
Nifty Futures OI increased by 2.8m shs to 23.1m shs. Nifty
Sep futures settled at a premium of 10 as against premium
of 17 in the previous session.
FII (Prov. Cash): Net Buy Rs.25.6b.
DII (Prov. Cash): Net Sell Rs.14.0b.
FII (Prov. Index Fut): Net Buy Rs.29.6b with OI increasing
by INR 10.7b.
FII (Prov. Stock Fut): Net Sell Rs.0.7b.
Kotakbank
(CMP 708, up 5%) has given a positive
crossover of its 200D-SMA. The daily RSI trades above its
trigger line and mean level of 50 indicating strength.
Hdfc
(CMP 809, up 6%) has settled marginally below its
200D-SMA. The daily RSI trades above its trigger line and
mean level of 50 indicating strength.
Banking Stocks: Axisbank
(998, up 5%) saw Fut OI drop
by 14% to 7.2m shs and
Yesbank
(307, up 5%) saw Fut OI
drop by 8% to 13.1m shs indicating continued short
covering.
IT Stocks: Infy
(3159, up 4%) saw delivery of 2.3m shs
(10d-avg 0.9m shs) and
Hcltech
(1063, up 4%) saw
delivery of 1.4m shs (10d-avg 0.8m shs) indicating positive
biasness.
Tatamotors
(350, up 10%) saw delivery of 9.3m shs (10d-
avg 3.3m shs) along with Fut OI rise by 10% to 23.1m shs
indicating built up of long positions.
In Sep series for Nifty, Highest Call OI is at 6000 strike with
4m shs up 0.8m shs which has changed from 5700 (OI at
3.4m shs down 0.9m shs) and highest Put OI is at 5300
strike with 6.4m shs down 0.4m shs.
Nifty 5800 Sep PE OI increased by 2.2m shs to 2.8m shs
and 6100 Sep CE OI increased by 1.7m shs to 3m shs.
ATM IV for Nifty increased to 28.1% as against 26.1% in
the previous session while India VIX increased to 29.44 as
against 28.65.
F&O VOLUME (INR B)
Index F utures
Stock Futures
Index O ptions
Stocks Options
Long Term Options
Total
10/Sep
202
168
1,389
76
9
1,844
6/Sep
145
172
962
74
6
1,359
Chg (%)
40
-2
44
2
59
36
•
•
•
•
•
•
F&O OPEN INT (INR B)
Index F utures
Stock Futures
Index O ptions
Stocks Options
Long Term Options
Total
10/Sep
160
301
677
79
239
1,455
6/Sep
139
293
601
71
230
1,333
Chg (%)
15
3
13
11
4
9
•
•
KEY F IGURES (INR B)
FII Cash
Domestic Inst. Cash
FII Index F utures
FII Stock Futures
FII Index O ptions
FII Stock Options
BUY
59.9
9.5
74.6
24.5
235.5
8.9
SELL
34.2
23.5
45.0
25.2
246.6
9.0
NET
25.6
-14.0
29.6
-0.7
-11.0
-0.1
•
•
•
•
NIFTY PIVOT POINTS
CLOSE
5,897
SUPPORT 2
5,680
SUPPORT 1
5,788
PIVOT POINT
5,847
RESISTANCE 1
5,955
RESISTANCE 2
6,013
10 Sep 2013
 Motilal Oswal Financial Services
D
AILY
D
ERIVATIVES
For more copies or other information, contact
Institutional:
Rajesh Dharamshi Phone: +91 22 3982 5456; Bhavin Gandhi Phone +91 22 3982 5466
E-mail: mostderivatives@motilaloswal.com
Motilal Oswal Securities Ltd, Hoechst House, Nariman Point, Mumbai 400 021
This report is for the personal information of the authorized recipient and does not construe to be any investment, legal or taxation advice to you. Motilal Oswal
Securities Limited
(hereinafter
referred as MOSt)
is not soliciting any action based upon it. This report is not for public distribution and has been furnished to you
solely for your information and should not be reproduced or redistributed to any other person in any form.
The report is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon such. MOSt
or any of its affiliates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the
information contained in this report. MOSt or any of its affiliates or employees do not provide, at any time, any express or implied warranty of any kind, regarding any
matter pertaining to this report, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-infringement. The
recipients of this report should rely on their own investigations.
MOSt and/or its affiliates and/or employees may have interests/ positions, financial or otherwise in the securities mentioned in this report. To enhance transparency,
MOSt has incorporated a Disclosure of Interest Statement in this document. This should, however, not be treated as endorsement of the views expressed in the
report.
This information is subject to change without any prior notice. MOSt reserves the right to make modifications and alternations to this statement as may be required
from time to time. Nevertheless, MOSt is committed to providing independent and transparent recommendations to its clients, and would be happy to provide
information in response to specific client queries.
10 Sep 2013
2