dss 04-11

Document Sample
dss 04-11 Powered By Docstoc
					                                                           Equity Derivatives - Research
                                                                                                         Daily Stock Strategy
               India                                       Daily Stock Strategy                                  November 04, 2011


               Sector Open Interest                                                       Sectors Snapshot
                                     OI           OI
 Sector
                                 shares      Chg.(%)              The overall market added 1.30% in open interest with increase in
                                                                  average cost of carry from 8.18% to 9.24.
 Automobiles                  121416000           0.35%
 BFSI                         287318625           1.46%
                                                                  Sugar and Telecom sectors witnessed the highest addition in open
                                                                  interest at 6.77% and 2.84% while the Cement and Realty space
 Capital Good                 151429075           1.14%           saw a shed in OI of -0.69% and -0.66% respectively.
 Cement                        20715000           0.32%           In the Sugar space, BAJAJHIND saw the highest addition in open
 Cons. Durables               133842625           1.71%           interest at 17.43% on back of short accumulation. TRIVENI saw
                                                                  shedding in open interest.
 Energy                        74995000           0.30%
                                                                  In the Telecom space, IDEA saw the highest addition in open
 Fertilizers                     9298000          2.63%           interest at 23.35% on back of long accumulation while
 FMCG                         123212500           1.96%           BHARTIARTL shed -1.78% in open interest on back of profit
                                                                  booking.
 Infrastructure               190814000           0.47%
                                                                  In the Cement sector, ACC and India Cements saw fresh addition
 Metals & Mining              172252500           2.51%
                                                                  of open interest of 2.00% and 1.77% on back of long accumulation
 Pharmaceuticals               31043750           -0.69%          while marginal shed in open interest was seen in Ambuja, Century
                                                                  textile and Grasim.
 Realty                       106619000           -0.66%
 Software                      79826000           0.28%           COAL INDIA November series OTM strikes 340 CE and 360 CE
                                                                  options saw additions in open interest with fall in IV indicating
 Sugar                         56289264           6.77%           writing at higher strike. It could suggest stock could trade with
 Telecom                      101659000           2.84%
                                                                  negative bias.

 Utilities             198638500                  1.35%                           Positional Recommendations
 (Source: Karvy F&O Research)


    We Recommend                                               VIPIND: VIP Industry witnessed fresh addition of short positions in the last
                                                               session. The stock added 2.72% in open interest with an increase in cost
                  Futures (Intra-day)                          of carry from -2.48% to 9.59%. Short positions can be assumed in the
                                                               stock around 164-165 for targets of 157 and 154 levels with a stop loss
 Symbol             Action           Entry    SL       Tgt
                                                               placed at 170.
 BPCL               S              633-635    640      625     RECLTD: REC Limited witnessed fresh addition of long positions in the
 TCS                S            Below1100   1110     1085     last session. The stock added 11.78% in open interest with a increase in
                                                               cost of carry from 2.23% to 12.09%. Long positions can be assumed in the
 KOTAKBANK          L              504-506    499      515
                                                               stock at above 195 for targets of 200 and 205 levels with a stop loss
 RELIANCE           L            Above 890    882      905     placed at 190.
 BHARTIARTL         L              392-394    389      400     IDEA: Idea witnessed fresh addition of long positions in the last session.
                                                               The stock added 23.35% in open interest with an increase in cost of carry
                  Options (Intra-day)                          from 2.65% to 10.77%. Long positions can be assumed in the stock above
Symbol                  Action      Entry    SL       Tgt      97 for targets of 103 and 105 levels with a stop loss placed at 94.
SBIN 1950 C               L        70-75     60       100      ASHOKLEY 27.50 CE: ASHOKLEY 27.50 - strike November Call option
IDEA 100 C                L         2-2.5     1            4   saw addition of long positions in the last trading session. It added
                                                               14,64,000 shares in open interest with an increase in IV by 1.38
                                                               percentage points. Long positions can be assumed in the option at Rs
                                            J.K. Jain          0.75-1.0 with a stop loss at 0.25 for targets of 2-2.5.
                                    jambu@karvy.com
                                        09618087899            SAIL 110 CE: SAIL 110-strike November Call option saw addition of short
                                                               position in the last trading session. It added 1060000 shares in open
                                         Karan Bhalla          interest with decrease in IV by -2.12 percentage points. Short positions
                              karan.bhalla@karvy.com           can be assumed in the option at Rs 4-4.5 with a stop loss at 6 for targets
                                         09885178779           of 0.5-1.0.


 Karvy F&O Research is also available on Bloomberg, Reuters and Thomson First Call
CsjoinNifty
       Daily Stock Strategy

                                                             Most Active Stock Futures
Symbol                                 Expiry Date            Contract Traded                 Contract Value                         LTP             OI Shares
SBIN                                     24-Nov-11                       37,505                     90,485.50                   1,950.15             65,93,750
ICICIBANK                                24-Nov-11                       20,060                     44,359.18                      886.2            1,41,29,750
TATAMOTORS                               24-Nov-11                       18,994                     45,013.41                      190.5            4,84,55,000
RELIANCE                                 24-Nov-11                       18,826                     41,447.79                     892.65            1,52,17,250
TATASTEEL                                24-Nov-11                       14,322                     32,714.31                      460.5            2,16,84,000
INFY                                     24-Nov-11                       14,085                     49,540.64                   2,837.00             35,22,750
DLF                                      24-Nov-11                       12,595                     30,102.05                         246           2,27,75,000
JSWSTEEL                                 24-Nov-11                       11,965                     19,659.69                      681.2             83,19,250
LT                                       24-Nov-11                       11,509                     39,693.97                   1,393.00             64,95,500
RCOM                                     24-Nov-11                       11,163                     18,680.16                           84          2,67,98,000
(Source: NSE India)
                         Most Active Calls                                                                    Most Active Puts
       Symbol                   Strike Price         Contract Traded                        Symbol                      Strike Price         Contract Traded
SBIN                                     2,000                      3,721            SBIN                                      1,900                     1,963
SBIN                                     1,950                      2,652            INFY                                      2,800                     1,387
RELIANCE                                   900                      2,522            SBIN                                      1,800                     1,159
UNITECH                                     30                      2,370            RELIANCE                                     860                    1,054
UNITECH                                     32                      1,867            HINDUNILVR                                   360                      937
RELIANCE                                   880                      1,731            TATASTEEL                                    440                      800
RCOM                                        85                      1,640            HINDUNILVR                                   380                      762
LT                                       1,400                      1,628            RELIANCE                                     880                      745
ICICIBANK                                  900                      1,627            LT                                        1,350                       716
SBIN                                     1,900                      1,595            TATAMOTORS                                   190                      692
 (Source: NSE India)                                                                 (Source: NSE India)

                          Top-5 OI Gainers                                                                    Top-5 OI Losers
                                         OI        COC                                                                          OI           COC
Symbol                  CMP                                   OI Chg.(%)               Symbol                   CMP                                  OI Chg.(%)
                                     shares         (%)                                                                     shares            (%)

JUBLFOOD               814.05        994250       -10.14              41.08            ORIENTBANK             297.35         643000          4.09           -12.40
IDEA                    96.80     12212000         10.77              23.35            TVSMOTOR                 66.45      5508000           5.23           -10.87
BAJAJHIND               35.15     21371264         14.83              17.43            ONMOBILE                 65.05      2264000           6.68            -9.08
BANKBARODA             821.95       2888250        14.27              15.35            EXIDEIND               124.15       2314000           9.80            -7.51
WELCORP           104.65     6768000               13.29              13.56            BHEL               329.20    11457875                 5.28            -7.40
(Source: Karvy F&O Research)                                                           (Source: Karvy F&O Research)




                                                   KARVY EQUITY DERIVATIVES DESK
Shomesh Kumar                             Head-Equity Derivatives                                 shomeshk@karvy.com                          9849809008
                                                                      Disclaimer
The information and views presented in this report are prepared by Karvy Stock Broking Limited. The information contained herein is based on our analysis
and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal
information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for
all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such
independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither
Karvy nor Karvy Stock Broking nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this
information and views mentioned in this document.
The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time.
Every employee of Karvy and its associate companies are required to disclose their individual stock holdings and details of trades, if any, that they
undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a
time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only
     8
through Karvy Stock Broking Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information
nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other
derivatives related to such securities.

Karvy F&O Research is also available on Bloomberg, Reuters and Thomson First Call                                                                           2

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:3
posted:7/29/2012
language:Latin
pages:2