June 29, 2012
The Nifty futures open interest increased by 0.30% whileBankNifty futures open interest is decreased by 1.10% asmarket closed at 5141.90 levels.
The Nifty July future closed at premium of 2.25 pointagainst premium of 6.60 points. The July series closed ata premium of 27.40 points.
The Implied Volatility of at the money options isdecreased from 19.70% to 19.13%.
The PCR-OI is at 1.18 level.
The total OI of the market is
85,056/-cr. and the stockfutures OI are
Rollover in NIFTY futures is at 68.34% and that ofBANKNIFTY futures is at 74.56%.
Few of the liquid counters where we have seen highCost-of-Carry are MTNL, ALOKTEXT, LITL, TTML andGVKPIL.
Nifty Vs OIOI Gainers
SCRIPSCRIPSCRIPSCRIP OIOIOIOIOIOIOIOICHANGECHANGECHANGECHANGE(%)(%)(%)(%)PRICEPRICEPRICEPRICEPRICEPRICEPRICEPRICECHA CHA CHA CHANGENGENGENGE(%)(%)(%)(%)ONMOBILEONMOBILEONMOBILEONMOBILE 4460000 18.62 33.15 -17.13TATAMTRDVR TATAMTRDVR TATAMTRDVR TATAMTRDVR 9636000 10.45 130.60 -1.92MAX MAX MAX MAX 536000 2.29 189.40 -1.89SUZLONSUZLONSUZLONSUZLON 134248000 2.22 17.95 -0.83ROLTA ROLTA ROLTA ROLTA 2288000 0.70 79.15 4.63
SCRIPSCRIPSCRIPSCRIP PCR PCR PCR PCR----OIOIOIOI PCR PCR PCR PCR----VOL VOL VOL VOLNIFTY 1.18 1.21BANKNIFTY 0.76 0.75SBIN 0.51 0.48RELIANCE 0.74 0.79 AXISBANK 0.85 0.62
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FII’s were net sellers in cash market segment; they were net sellers worth of
1112/- cr. On derivativesfront they were net buyers in both index futures &index options worth of
31/- cr &
1163/- cr. withsignificant unwinding of positions, the unwinding ofposition is normal phenomena due to expiry of Junecontracts.
On options front 5200-5500 call option have seensignificant amount of buildup, while in put option4600-5100 has also seen good amount of buildup.The highest build up is observed in 5300 call options& 5000 put options in July series.
We have seen decent amount of short covering in AUROPHARMA since last few trading sessions.
105-106 is acting as a good support for this counter andwe expect some long build up around this level.Hence we recommend to go long with the targetprice of
118 and stop loss at
SCRIPSCRIPSCRIPSCRIP HV HV HV HV ONMOBILE 115.71 ABAN 76.04RUCHISOYA 28.63JPPOWER 41.29ULTRACEMCO 31.47
DENABANK DENABANK DENABANK DENABANK 3880000 -51.35 96.40 0.16COLPALCOLPALCOLPALCOLPAL 54500 -49.42 1174.10 1.67FEDERALBNK FEDERALBNK FEDERALBNK FEDERALBNK 144000 -47.35 445.30 0.07SOBHA SOBHA SOBHA SOBHA 176000 -46.50 335.10 -4.73OILOILOILOIL 113000 -45.57 498.85 0.23