; axisdirect-dd 16-03
Learning Center
Plans & pricing Sign in
Sign Out
Your Federal Quarterly Tax Payments are due April 15th Get Help Now >>

axisdirect-dd 16-03


  • 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.

                                                                                                                        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:
                                                                                                                        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
                                                                                                                        sectors may show weakness. However stock specific
                                                                                                                        actions may be obseved in broader market

Source: NSE,SeeDiff,AXISDIRECT Research
                                    Market & ANALYSIS

                                  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

                               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

                                                   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

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

    NSE DERIVATIVES TURNOVER              Market Indsite:



Source: NSE,SeeDiff,AXISDIRECT Research
    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


Source: NSE,SeeDiff,AXISDIRECT Research
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

Disclaimer : The report and information contained herein is of confidential nature and meant only for the selected recipient and should
not be altered in any way, transmitted to, copied or distributed, in any manner and form, to any other person or to the media or
reproduced in any form, without prior written approval of Axis Securities and Sales Limited (hereinafter referred to as 'ASSL'). The
material in this document/report is based on facts, figures and information that are consider true, correct, reliable and accurate but
ASSL does not guarantee or represent (expressly or impliedly) that the same are true, correct, reliable and accurate, not misleading or as
to its genuineness, fitness for the purpose intended and it should not be relied upon as such. The opinion expressed (including
estimates, facts, figures and forecasts) is given as of the date of this document is subject to change without providing any prior notice of
intimation. ASSL shall have the rights to make any kind of changes and alterations to this report/ information as may be required from
time to time. However, ASSL is under no compulsion to maintain or keep the data/information updated. The information appearing
herein is obtained from publicly available media or other sources believed to be reliable, but ASSL does not guarantee that it is complete
or accurate and it should not be relied on as such. This report/document does not mean an offer or solicitation for dealing (purchase or
sale) of any financial instrument or as an official confirmation of any transaction. ASSL or any of its affiliates/ group companies shall not
be answerable or responsible in any way for any kind of loss or damage that may arise to any person due to any kind of error in the
information contained in this document or otherwise. This document is provided for assistance only and should not be construed as the
sole document to be relied upon for taking any kind of investment decision. The recipient is himself/herself fully responsible for the risks
of any use made of this information. Each recipient of this document should make his/her own research, analysis and investigation as
he/she deems fit and reliable to come at an independent evaluation of an investment in the securities of companies mentioned in this
document (including the merits, demerits and risks involved), and should further take opinion of own consultants, advisors to
determine the advantages and risks of such investment. The investment discussed or views expressed herein may not suit the
requirements for all investors. ASSL and its group companies, affiliates, directors, and employees may: (a) from time to time, have long
or short positions in, and deal (buy and/or sell the securities) thereof, of company (ies) mentioned herein or (b) be engaged in any other
transaction involving such securities and earn commission/brokerage or other compensation or act as advisor or lender/borrower to
such company (ies) or have other potential conflict of interest with respect to any recommendation and related information and
opinions. The applicable Statutory Rules and Regulations may not allow the distribution of this document in certain jurisdictions, and
persons who are in possession of this document, should inform themselves about and follow, any such restrictions. This report is not
meant, directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality,
state, country or other jurisdiction, where such distribution, publication, availability or use would not be in conformation to the law,
regulation or which would require ASSL and affiliates/ group companies to obtain any registration or licensing requirements within such
jurisdiction. Neither ASSL nor any of its affiliates, group companies, directors, employees, agents or representatives shall be held
responsible, liable for any kind of consequential damages whether direct, indirect, special or consequential including but not limited to
lost revenue, lost profits, notional losses that may arise from or in connection with the use of the information. Prospective investors and
others are cautioned and should be alert that any forward-looking statements are not predictions and may be subject to change
without providing any notice. Past performance should not be considered as a reference to future performance..The disclosures of
interest statements if any included in this document are provided only to enhance the transparency and should not be construed as
confirmation of the views expressed in the report. The views expressed in this report reflect the personal views of the author of the
report and do not reflect the views of ASSL or any of it's associate and group companies about the subject company or companies and
its or their securities. “Neither Axis Securities & Sales Limited nor the author of this report nor his/her dependent family members have
any interest or long or short position in the securities discussed in this report.”


To top