dy/dx
Thursday, January 12, 2012
Shshank Mehta Derivatives Strategist Contact: +91-22-28016715 shshank.mehta@sihl.in Hemang Gor Technical Analyst Contact: +91-22-28016716 hemang.gor@sihl.in
CONTENTS
Pg No. Particulars 3 4 5 6 7 Nifty Futures Derivatives Snap Activity in Nifty Options What do Nifty Technicals suggest Open Interest and Price change in Stock Futures Intra-day Trading Ideas Team Disclaimer
Nifty Futures
Note Change in OI of Nifty Options refers to change from previous trading day Source-NSE, SIHL Derivatives Research (Institutional Equities)
Nifty January 2012 futures closed at 4,872.35 at a premium of 11.40 points over spot closing of 4,860.95, while Nifty February 2012 futures were at 4,891.90 at a premium of 30.95 points over spot closing. Nifty January futures saw addition of 0.01 million (mn) units taking the total outstanding open interest (OI) to 21.40 mn units.
Nifty Options
Note Change in OI of Nifty Options refers to change from previous trading day Source-NSE, SIHL Derivatives Research (Institutional Equities)
Among Nifty calls, 4900 SP from the January month expiry was the most active call with an addition of 0.72 million. Among Nifty puts, 4800 SP from the January month expiry was the most active put with an addition of 0.50 million. The maximum Call OI outstanding for Calls was at 5000 SP (6.50 mn) and that for 4500 Puts was at (7.20 mn).
Technicals suggest, Markets to open flat...Infy to dictate trend for the day
S2 4770
S1 4820
CMP 4872.35
R1 4905
5
R2 4945
Prev. OI
8,332,000 462,000 1,486,250 1,428,000
Cur. OI
10,796,000 571,000 1,832,000 1,632,000
% Chg. OI
29.57 23.59 23.26 14.29
LTP
61.45 153.30 543.85 74.05
Price % Chg
5.95 0.23 3.30 0.47
Prev. OI
19476000 1,197,500 3,600,000 2,007,000
Cur. OI
17350000 1,066,500 3,144,000 1,707,000
% Chg. OI
-10.92 -10.94 -12.67 -14.95
LTP
70.95 508.50 150.05 186.55
Price % Chg
12.53 4.66 0.17 4.07
Prev. OI
534,000 512,000 2,012,000 944,000
Cur. OI
624,000 598,000 2,346,000 1,074,000
% Chg. OI
16.85 16.80 16.60 13.77
LTP
315.45 365.50 162.65 80.35
Price % Chg
-2.29 -2.00 -0.73 -0.19
Prev. OI
3768000 2,585,000 2566000 893,000
Cur. OI
3507500 2,397,000 2366000 815,000
% Chg. OI
-6.91 -7.27 -7.79 -8.73
LTP
680.60 354.05 139.55 1117.30
Price % Chg
-1.23 -3.11 -1.20 -0.53
6
*Reversal Point are significant levels that are use to determine directional movement in the stock for trading.
TEAM
Name Analyst Team (in alphabetical order) Ameya Hardas Bunty Chawla Harsh Mehta Hemang Gor Shshank Mehta Siddharth Rajpurohit Tanmay Shah Head of Research Research Analyst Research Analyst Technical Analyst Derivatives Strategist Sr. Research Analyst Director O&G BFSI Auto, FMCG ameya.hardas@sihl.in bunty.chawla@sihl.in harsh.mehta@sihl.in hemang.gor@sihl.in shshank.mehta@sihl.in siddharth.rajpurohit@sihl.in Designation Sector E-mail
Sales Vipul Thakkar Kavita Jogani Yogesh Shah Manager-Inst. Sales Institutional Sales Institutional Sales vipul.thakkar@sihl.in kavita.jogani@sihl.in yogesh.shah@sihl.in
Dealing Suresh Gaddi Krunal Mody Sales Trader Institutional Dealer suresh.gaddi@sihl.in krunal.mody@sihl.in
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