16-Feb-15

Key Parameters Current Previous
Nifty fut opened higher following positive global market cues. The market
continue to trade with positive momentumon and rallied on short covering
Cash Closing 8805.50 8627.40
in frontline pivotals. Nifty fut rallied in the late afternoon session to close
Jan Future Closing 8841.55 8752.20 volatile session near high of the day gaining 89 points or 1.04%
Traded Vol. (Cntrcts) 440336 489248
Nifty Feb contract premium decreased to 36 points to cash.
Open Interest ( in Lk.) 258.06 253.06
India VIX(volatility index) decreased by 0.27% to 20.1
Change in OI (Lk.) 5.00 4.98
Banknifty Fut closed at 19459, up by 227 points and added 0.25L shares
CoC % 11.49 12.27 in OI shows addition of of some long positions.
Feb Future Closing 8897.10 8805.75
Nifty Feb call side shed total 20L in OI. 8800, 8600, 8500, and 8900
strikes shed OI of 17L shows unwinding of some short positions, while
Traded Vol. (Cntrcts) 22849 18006
8700 and 9300 add some OI shows addition of some long positions.
Open Interest ( in Lk.) 11.70 9.89

Nifty Feb Put side add total 31L in OI, 8800, 8700, 8600, 8500, 8400 and
Volatility (HV) % 17.92 17.69 8200 , strike add OI of 27L shows addition of some short positions while
PCR OI 0.98 0.89 8500, and 8300 strike shed some OI shows unwinding of long positions.
PCR Vol 0.97 0.81
Maximum OI buildup in Nifty call observed at 9000 strike and put side
shifted upward at 8600 strike price followed by 8500 strike.
Call IV (Avg) 15.91 16.65

Stock Futures OI increased by 1.86cr. Shares, about 0.68% of total OI
Put IV (Avg) 17.70 18.04 with increase in average CoC (cost of Carry) shows addition of some
long positions.
Nifty Change in Option Open Interest Call Put
On Sectoral front, FMCG, Banking, Pharma and Textile were major
as on 13-02-15 gainer while Realty and Oil gas stocks declined.
15

Major Gainers: M&M, LUPIN, JINDALSTEL, TCS, ULTRACEMCO, BPCL
and COALINDIA in frontline.
13.46

10
Open Interest in Lk.

Major Losers: GAIL, BHEL, DLF, ONGC, HDFCBANK, TECHM and

9.49

5 INFY in frontline
0.90

4.70

0.82

2.47

0.04

0.02
0.12

0.02

0.86
1.01

0 Market Outlook
-0.05

-0.45

-1.90

-1.92

-2.95

-4.04

-0.27

-1.07
-6.89
-0.38

-0.95

-0.13

Nifty fut likely to open on a flat to positive note tracking positive global
-5 market cues. Nifty fut is likely to open around 8850 as suggested by
SGXNIFTY. The market is likely to continue its volatile momrntum. We may
-10 see some swinging action both side in the market today also, If nifty fut
suceed to hold above 8830, we may see some upside up to 8890 , 8920 on
8200

8300

8400

8500

8600

8700

8800

8900

9000

9100

9200

9300

other side if fail to hold said level, we may see some further silid up to
Strike Price 8775- 8760. Immediate Resistance in Nifty fut at 8885- 8890 and support
at 8830 - 8790.
Nifty Most Active Call Nifty Most Active Put
Strike Close No.Of Lots OI OI Chng Strike Close No.Of Lots OI OI Chng

8900 74.65 716135 3515925 -403525 8700 48.85 698050 3171425 949450
9000 42.55 711293 6174050 1850 8600 28.75 554054 4199900 81875
8800 123.4 653282 3077700 -689225 8800 81.25 459954 3066050 1346450
9100 23.55 355730 2779875 -26875 8500 18.3 410623 4132425 -94800
8700 188.8 240383 2527625 12125 8400 11.55 287851 3735250 470350
9200 12.95 208694 3562450 -106925 8300 8.05 233546 2909275 -37875

Most Active Call ( by no. of contracts) Most Active Put ( by no. of contracts)
Strike Closing Change Strike Closing Change
Symbol No.of Lots Symbol No.Of Lots
Pri. Pri in OI Pri. Pri in OI
M&M 1200 29.4 5641 112750 BHEL 250 6.6 2729 131000
CIPLA 700 8.5 3913 337000 RELIANCE 900 8.6 2611 -29500
TCS 2600 25.2 3687 -49125 LT 1600 11.6 2315 -50000
AXISBANK 600 10.25 3210 -98500 BHEL 240 3.55 2308 97000
BHEL 260 7.55 3074 158000 LT 1650 27.25 2023 42250
RELIANCE 920 18.65 3010 29000 RELIANCE 880 4.05 2017 -48000
RELIANCE 940 10.85 2749 -6750 TCS 2500 22.65 1766 51375
CIPLA 680 14.3 2731 165000 CIPLA 660 12.95 1484 88500
M&M 1160 51.25 2647 -19500
AXISBANK 580 15.45 1482 164500
ASHOKLEY 70 1.5 2572 -1624000
RELIANCE 920 16.8 1341 62250

SBICAP Securities Limited 1

 Sectorwise Chang in OI Position on 13-02-15

3.12
4

2.58
1.86
1.77

1.98
3

1.41
1.20
0.83
0.53

0.64
2

0.59
0.57
% chng in OI

0.00
1
0
-3.46

-2.27

-0.17
-1 -0.34

0.03
-1.16

-2
-3
-4

Realty

FMCG
Infrastructure

Index
Cement

Others
Capital_Goods

Telecom
Textile

Finance

Banking
Metals
Fertilisers

Pharma

Oil_Gas
Power

Media

Technology
Automobile

Positive Trend Negative Trend

% % OI %
Scrip Price OI Chng Scrip Price OI Chng
Chg Chg Chg

SBIN 308.9 7.89 8833750 GAIL 405 -16.35 180500 2.75

AMTEKAUTO 167.2 5.66 220000 DLF 155.75 -4.10 1528000 7.92
M&M 1196.2 4.99 479250 UPL 431.9 -11.30 98000 2.35
HINDPETRO 627.95 4.48 122000 PFC 276.1 -7.20 1141000 15.36
SYNDIBANK 118.6 3.99 412000 ONGC 341.4 -7.55 1628000 5.90

Payoff Profile
Derivative Strategy –

TataSteel Buy 1 lot of 370 Call @ 9.2 - 9.3

TataSteel Sell 1 lot of 380 Call @ 5.7 - 5.8

Initial Margin : aprox Rs.22495

Max Profit Rs.3250

Max loss Rs.1750

BEP : 373.5

FII, DII Trading Activity in Cash as on 13-Feb-15

Future Calls BUY AMT in SELL AMT in NET AMT in
Category
Crs Crs Crs

Buy COALINDIA Fut @ 377 SL 374 Trgt 382 FII/FPI 4589.36 4199.1 390.26

Buy PNB Fut @ 168 SL 165 Trgt 173 DII 2454.14 2358.32 95.82

FII DERIVATIVES STATISTICS FOR 13-Feb-2015

Options Calls BUY AMT in SELL AMT in NET AMT in Chng in OI
Crs Crs Crs (Conts)

Buy BHEL 260 CE @ 7.5 SL 6 Trgt 10
Index Futures 2445.74 1308.37 1137.37 21826

Buy RELIANCE 920 CE @ 18.5 SL 15 Trgt 25
Index Options 13545.37 13295.80 249.57 30101

Buy M&M 1160 CE @ 51 SL 45 Trgt 62 Srock Futures 3083.63 3513.85 -430.22 19363
Stock Options 2863.21 2922.65 -59.44 -668

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Ashu Bagri Dy. Head - Technical Analyst
Jaldeep Vaishnav Derivatives Analyst

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