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axisdirect-dd 16-03

VIEWS: 4 PAGES: 5

  • pg 1
									 DAILY DERIVATIVES                                                                                                                                        16 March 2012

 NIFTY DAILY VIEW          :                   NSE Derivatives Market Turnover Rs: 124154 Crs Up by 18.35 %                 NIFTY PCR OI : 1.11 Vs 1.21; PCR Vol : 0.93 Vs 1.14

 NIFTY FUTURES : 5419 (-1.58%)                 FII Market Wide Open Interest Rs: 96703 Crs Up by 0.2 %                      NIFTY IV : 26.81 Vs 26.46; NIFTY HV : 23.19 Vs 22.65

 PREMIUM / DISCOUNT : 39 Vs 42                 FII Net Position in Derivatives Rs: -820 Crs Vs 1106 Crs                     NIFTY VIX : 25.42 Vs 24.72

     BULLISH - Clear uptrend seen,   MODERATELY BULLISH -Some Strength seen,   NEUTRAL -No Clear trend Seen,   BEARISH -Clear Downtrend seen,   MODERATELY BEARISH -Some Weakness seen.

     NSE NIFTY FUTURES DAILY CHART
                                                                                                                        NIFTY FUTURES HIGHLIGHTS:
                                                                                                                        Markets experienced an unfriendly session on the
                                                                                                                        back of weak global cues, disappointing Economic
                                                                                                                        Survey and RBI credit policy meet. The falling rupee
                                                                                                                        was also a matter of concern. Nifty futures closed
                                                                                                                        with 39 points premium as compared to 42 points
                                                                                                                        premium in previous trading session. Nifty Futures
                                                                                                                        closed at 5419 losing 1.58% with 2.5% increase in
                                                                                                                        open interest along with 27.7% increase in volumes.

                                                                                                                        FII's were sellers in Index Futures to the tune of 503
                                                                                                                        crores and were sellers in index options to the tune of
                                                                                                                        61 crores, Stock Futures were sold to the tune of 265
                                                                                                                        crores. FII's were net sellers in derivatives segment to
                                                                                                                        the tune of 820 crores compared to buying of 1106
                                                                                                                        crores in previous trading session. Derivative segment
                                                                                                                        saw 18.35% increase in turnover as compared to
                                                                                                                        previous trading session.

                                                                                                                        NIFTY OUTLOOK:
                                                                                                                        Nifty futures witnessed builtup of short positions with
                                                                                                                        higher volumes indicating nervousness among the
                                                                                                                        market paricpaants. Traders should be highly cautious
                                                                                                                        as markets are expected to be volatile on account of
                                                                                                                        2012-13 Union Budget announcemnet today. Nifty
                                                                                                                        may face resistance around 5440 levels while 5330
                                                                                                                        may act as good support level.

     SECURITIES IN BAN PERIOD                                        Market Indsite:
ABGShip
     SECTORIAL OPEN INTEREST
                                                                                                                        SECTOR HIGH LIGHTS:
                                                                                                                        None of the sectors were in positive territory.

                                                                                                                        Pharma, Power, Fertilizers, Capital goods and FMCG
                                                                                                                        sectors saw builtup of short positions while Cement,
                                                                                                                        Banking, Metals, Realty and Hotels sectors saw
                                                                                                                        liquidation of long positions


                                                                                                                        SECTOR OUTLOOK:
                                                                                                                        Pharma, Power, Fertilizers, Capital goods and FMCG
                                                                                                                                                              rget
                                                                                                                        sectors may show weakness. However stock specific
                                                                                                                        actions may be obseved in broader market




Source: NSE,SeeDiff,AXISDIRECT Research
                                                                                              1
                                    Market & ANALYSIS
       STOCK FUTURES OPEN INTEREST MONITOR Indsite:

                                                                                      BULLISH
                                  LONG BUILD UP                                                                       SHORT COVERING
 Symbol          Fut Price    % Chg       Open Inst       % Chg     Volume % Chg % Delv       Symbol       Fut Price % Chg     Open Inst    % Chg     Volume     % Chg % Delv

 ADANIPOWER           76.40      0.92       1,56,92,000     14.7      2,886   124.4   -82.9   BAJAJHLDNG      811.1    0.14         36000     -14.3        24      71.4    -90.5

 DABUR               104.55      0.38        28,08,000      12.7        524   249.3   -95.9   TATACHEM        362.2    0.30        693000     -12.6       349      -44.2   -75.3

 JSWENERGY            70.30      4.30       1,55,36,000      9.0      2,758   305.0   12.3    BOSCHLTD       7904.8    0.39         24625      -9.6        51      -22.7   -97.7

 DRREDDY           1,696.15      0.10        11,27,250       6.0      1,321     7.5   -89.4   HINDZINC       130.05    0.70       1436000      -8.1       584      -30.7   -94.8

 YESBANK             387.15      4.88        96,76,000       5.4      9,917    -9.5   -94.8   MPHASIS         416.3    0.24        456000      -7.5       371      71.8    -94.5

                                                                                      BEARISH
                               LONG LIQUIDATION                                                                        SHORT BUILD UP
 Symbol          Fut Price    % Chg       Open Inst       % Chg     Volume % Chg % Delv       Symbol       Fut Price % Chg     Open Inst    % Chg     Volume     % Chg % Delv

 IRB                 191.60     -3.13        11,10,000      -13.0       990   -10.7   -90.3   PTC             61.15    -3.78      4152000     21.4        895        2.4   -93.2

 BEML                687.55     -0.54         2,06,000      -12.5       254   -77.5   -95.1   INDIANB        241.15    -2.61       373000     15.5        182      45.6    -98.0

 VIPIND              104.35     -6.41        22,42,500      -12.5     2,194   -19.6   -80.3   WIPRO          426.55    -1.30      4885000     14.4       2,180     -25.0   -95.3

 BOMDYEING           515.75     -1.66         4,86,000      -12.3     3,333   89.6    -74.4   BIOCON          246.9    -1.77      2700000     12.6       1,363     -13.1   -90.4

 BEL               1,635.50     -0.30           74,750      -12.1       179   -49.4   -97.3   BFUTILITIE      421.4    -1.10       555000       9.7       998      42.8    16.0




STOCK FUTURE ANALYSIS:
ADANIPOWER, DABUR, JSWENERGY, DRREDDY and YESBANK saw built up of Long positions while BAJAJHLDNG, TATACHEM, BOSCHLTD, HINDZINC
                                                   Market Indsite:
and MPHASIS saw covering of Short positions.
IRB, BEML, VIPIND, BOMDYEING and BEL saw liquidation of Long positions while PTC, INDIANB, WIPRO, BIOCON and BFUTILITIE saw built up of Short
positions..

STOCKS OUTLOOK:
ADANIPOWER, DABUR, JSWENERGY, DRREDDY and YESBANK may show good strength while PTC, INDIANB, WIPRO, BIOCON and BFUTILITIE may
show weakness in today’s trading session.

       NIFTY OPTION OI DISTRIBUTION & ANALYSIS                                                      SMART MONEY RATIO




Huge addition of open interest was observed in OTM call options. Current Smart Money Ratio closed at 22.04 as against 19.11 in previous trading
Option open interest distribution suggests Nifty to trade in a broad range of session
5200 - 5600




Source: NSE,SeeDiff,AXISDIRECT Research

                                                                                              2
    NSE DERIVATIVES TURNOVER              Market Indsite:




     FII DERIVATIVES ACTIVITY




     DERIVATIVE STRATEGY




Source: NSE,SeeDiff,AXISDIRECT Research
                                                      3
    CALL TRACKER (DAILY REPORT) :                                Market Indsite:
                                                                                               CMP /
  Reco Date     Recom       Stock Future   Time Frame   Recom Price   Stop Loss Target                      Diff     Status   Closing Date       Remarks
                                                                                            Closing Price
 07-Mar-12       Long     LICHSGFIN        1 - 3 Days      239.5        233      251            250.5       4.59     Open      1 - 3 Days    Part Booked @246
 07-Mar-12       Long     DISHTV           1 - 3 Days      53.4         51.8     56.5           54.6        2.25     Open      1 - 3 Days    Part Booked @55
 07-Mar-12       Long     GSPL             1 - 3 Days      76.4         74.4     80.5           79.5        4.06     Open      1 - 3 Days    Part Booked @55
 09-Mar-12       Long     GAIL              Intraday       355          349      367           353.0        (0.56)   Closed    Intraday        Booked Loss
 07-Mar-12       Long     TATASTEEL         Intraday       422          413      445           431.0        2.13     Closed    Intraday       Booked Profits
 07-Mar-12       Long     BGRENERGY         Intraday       323.5        315      340           328.7        1.61     Closed    Intraday       Booked Profits
 07-Mar-12       Long     EDUCOMP           Intraday      196.75        193      205           193.0        (1.91)   Closed    Intraday        Booked Loss
 07-Mar-12       Long     AMBUJACEM         Intraday     160.975       159.2     165           165.0        2.50     Closed    Intraday       Booked Profits
 07-Mar-12       Long     EXIDEIND         1 - 3 Days      138          133      148           139.5        1.09     Closed    1 - 3 Days     Booked Profits
 06-Mar-12       Long     HCLTECH           Intraday       482          470      506           495.8        2.86     Closed    Intraday       Booked Profits
 06-Mar-12       Long     LUPIN             Intraday       501          497      509           509.0        1.60     Closed    Intraday       Booked Profits
 06-Mar-12       Long     M&M               Intraday       688          670      724           672.0        (2.33)   Closed    Intraday        Booked Loss
 06-Mar-12       Long     BGRENERGY         Intraday       353          342      375           347.0        (1.70)   Closed    Intraday        Booked Loss
 06-Mar-12       Long     TECHM             Intraday       615          604      635           626.0        1.79     Closed    Intraday       Booked Profits
 06-Mar-12       Long     ALBK              Intraday       198          194      206           195.2        (1.41)   Closed    Intraday       Booked Profits
 05-Mar-12       Long     TATAMOTORS        Intraday       272.5       267.5    282.5          275.0        0.92     Closed    Intraday       Booked Profits
 05-Mar-12       Long     CAIRN             Intraday       371          364      383           371.8        0.22     Closed    Intraday       Booked Profits
 05-Mar-12       Long     BHARTIARTL        Intraday      355.75        350      367           350.0        (1.62)   Closed    Intraday        Booked Loss




     DERIVATIVE STRATEGY




Source: NSE,SeeDiff,AXISDIRECT Research
                                                                                        4
Ms. Monali Jobanputra             Analyst - Derivatives & Quant               monali.jobanputra@axissales.in              022-2425 3471

               Analyst - TEAM
   RETAIL RESEARCHDerivatives & Quant
Mr. Suresh Babu Pyarla                                                        suresh.pyarla@axissales.in                  022-2425 3470




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