May 15, 2012
The Nifty futures open interest increased by 2.90% whileMinifty futures open interest is increased by 4.32% asmarket closed at 4907.80 levels.
The Nifty May future closed at a discount of 19.55 pointagainst a premium of 2.45 points. The June series closedat a discount of 3.65 points.
The Implied Volatility of at the money options isincreased from 21.05% to 22.03%.
The PCR-OI has being decreased from 0.95 to 0.93points.
The total OI of the market is
. and thestock futures OI are
Few of the liquid counters where we have seen high cost-of-carry are ABGSHIP, TTML, GMRINFRA, LITL and HCC.
Nifty Vs OIOI Gainers
109750 28.36 1215.80 2.94
3430000 13.92 155.50 -7.27
1113000 13.22 713.85 1.93
5532000 12.62 34.00 -4.90
851250 12.15 1148.30 1.52
SCRIP PCR-OI PCR-VOL
NIFTY 0.93 0.89BANKNIFTY 0.60 0.75SBIN 0.42 0.39RELIANCE 0.43 0.43INFY 0.40 0.53
FII’s were net buyers in cash market segment; theywere net buyer’s worth of
355/- cr. On derivativesfront they were net sellers in index futures with decentbuildup in open interest indicating some shortsbuildup by them, while in index options there wasmuted performance by them.
On options front buildup in call option was quitescattered; there was some buildup seen in 4900,5000 and 5200 call option however 5700 call optionhave seen some unwinding. While in put option 5000strike price have seen decent unwinding in openinterest in yesterday’s trading session.
The recent fall in the counter of MARUTI was due tolong unwinding followed by some fresh shorts seen inthe stock in last few trading sessions. We feel thedownward trend could continue in this counter as ithas breached its crucial support of
1260-1265 andthe cost-of-carry is also negative. Hence werecommend to go short with the target price of
1175 and stop loss at
ORCHIDCHEM 84.31DIVISLAB 41.74PRAJIND 66.32BOMDYEING 72.51IVRCLINFRA 87.78
62875 -16.17 3026.25 4.57
2476000 -11.48 320.40 0.47
7000 -9.68 9004.30 0.05
837500 -9.21 881.85 7.29
21372000 -8.76 45.20 -11.63