Derivatives Daily

Thursday, January 18, 2024

Nifty Snapshot Summary

Close Prv Cl. Ab chg % chg
 Indian markets closed on a negative note where selling was mainly seen in Banking,
Spot 21,571.95 22,032.30 -460.35 -2.09 Pharmaceutical and Metal sectors. Nifty Jan Future closed at 21589.55 (down 439.95
Futures 21,589.55 22,029.50 -439.95 -2.00 points) at a premium of 17.60 pts to spot.
OI(ml shr) 13.66 14.58 -0.91 -6.25  FIIs were net sellers in Cash to the tune of 10578.13 Cr and were net sellers in index futures
Vol (lots) 282279 122353 159926 130.71 to the tune of 5048.40 Cr.
COC 17.60 -2.80 20.40 -728.6  India VIX increased by 11.10% to close 15.08 at touching an intraday high of 15.23.
PCR–OI 0.71 1.20 -0.49 -40.7 Open Interest in Nifty Options:

Nifty Futures Price v/s OI Open Interest in Nifty Options (in million units, All Expiries) Call Put
25.00
OI Nifty Futures

20.00 19.18 19.02

22,200 17 17.86
Open interest in millions

22,100
15 15.00 14.03
22,000
11.77
21,900 10.32
13
10.00 7.75 8.76
21,800 7.48
6.27 6.55 6.37 6.32 6.85
21,700 11 5.31
14.58
14.54

5.00 3.93
13.81

13.66

21,600 2.83
13.26
13.20

13.15

13.14
13.08

2.31
12.94
12.91

9 0.53 0.84
21,500 0.26 0.38
0.00
21,400
7 21000.00 21100.00 21200.00 21300.00 21400.00 21500.00 21600.00 21700.00 21800.00 21900.00 22000.00
21,300
21,200 5
20.00
3-Jan

4-Jan

5-Jan

8-Jan

9-Jan

10-Jan

11-Jan

12-Jan

15-Jan

16-Jan

17-Jan

Change in Open Interest in Nifty Options (in million units, All Expiries)
Call Put
15.41
15.00
11.01
10.00 7.36 7.98
7.25
Institutional Activity in previous trading session 5.00 4.09
2.16
(in Rs cr.) Buy Sell Net 1.34
0.39 0.04 0.57 0.21
0.00 1.630.14
Index Futures 6764.85 11813.25 -5048.40 -0.20 -0.10 -0.05 -0.22

Index Options 4291817.21 4348715.28 -56898.07 -5.00 -2.88

-4.19 -5.17
Stock Futures 24233.66 30246.09 -6012.43 -6.71
-10.00
21000.00 21100.00 21200.00 21300.00 21400.00 21500.00 21600.00 21700.00 21800.00 21900.00 22000.00
Stock Options 45643.68 44890.99 752.69
FII Cash 17,317.91 27,896.04 -10,578.1
DII Cash 15,188.62 11,182.18 4,006.44
Net FII Activity (in Rs cr.)  The above second chart shows previous trading day’s change in Nifty options where
Date Idx Fut Stk Fut Idx Opt Cash Liquidation in OI were seen in 21900, 21800, 21700 strike Puts while Addition was seen at
17-Jan -5048.4 -6012.4 -56898.1 -10578 21600, 21700, 21800 strike Calls indicating market is likely to remain negative in the near
16-Jan -134.6 -1166.3 -2461.9 657 term.
15-Jan 1446.3 134.6 -7864.3 1086
 Highest OI build-up is seen at 22000 strike Calls and 21000 strike Puts, to the tune of
12-Jan 63.9 550.8 23579.8 -340
19.02mn and 19.18mn respectively.
11-Jan 74.5 1666.8 -76149.1 -865
10-Jan -640.8 -1099.3 -68356.4 -1721 Outlook on Nifty:

Technical Pivot (Intraday): Index is likely to open on a gap down note today and is likely to remain negative
S2 S1 PIVOT R1 R2 during the day.
NIFTY 21870 21950 22045 22125 22215
BANKNIFTY 47885 48055 48250 48415 48610

(Price is in Rs; OI is in million units; Price chg and OI chg are in percentage) NB RESEARCH
Fresh Longs seen in: Fresh Shorts seen in:
Price Price OI
Scrip Price OI OI Chg Scrip Price OI
chg chg Chg
OFSS 5088.5 3.2 0.9 9.5 HDFCBANK 1541.3 -8.5 143.4 33.8
BHEL 207.8 1.9 95.3 8.7 BANKNIFTY 46159.3 -4.3 3.0 29.0
ICICIGI 1458.7 6.0 4.1 8.6 SAIL 113.2 -5.9 167.5 15.2
Short Covering seen in: Long Unwinding seen in:
Price Price OI
Scrip Price OI OI Chg Scrip Price OI
chg chg Chg
LTTS 5555.6 3.6 0.9 -20.7 CHAMBLFERT 384.6 -0.2 11.6 -9.0
METROPOLIS 1568.7 1.3 1.5 -8.4 ABFRL 223.3 -3.9 36.1 -7.9
POLYCAB 4437.9 2.2 3.4 -7.8 NATIONALUM 133.8 -4.0 94.2 -6.8

NIRAV HARISH CHHEDA AMIT BHUPTANI

AVP - DERIVATIVES AND TECHNICAL RESEARCH SR.DERIVATIVES AND TECHNICAL RESEARCH ANALYST
 Derivatives Daily
Thursday, January 18, 2024

NIFTY50 Options OI (CE OI = Resistance) (PE OI = Support) NIFTY50 Options OI (CE OI = Resistance) ( PE OI = Support)

Highest CE Highest PE Highest CE Highest PE

Symbol CMP Symbol CMP
OI OI OI OI
ADANIPORTS 1200 1200 1171 INFY 1600 1500 1640

ADANIENT 3100 3000 2973 IOC 145 125 144

ASIANPAINT 3300 3200 3247 JSWSTEEL 900 800 814

AXISBANK 1150 1100 1082 KOTAKBANK 2000 1800 1779

BAJAJ-AUTO 7500 6500 7184 LT 3600 3400 3570

BAJAJFINSV 1700 1700 1586 LTIM 7000 6000 6294

BAJFINANCE 8000 7000 7377 M&M 1700 1600 1599

BHARTIARTL 1100 1050 1085 MARUTI 11000 9500 10050

BPCL 460 440 472 NESTLEIND 2700 2750 2550

BRITANNIA 5500 5000 5075 NTPC 330 300 310

CIPLA 1330 1200 1295 ONGC 220 220 233

COALINDIA 400 380 380 POWERGRID 250 240 239

DIVISLAB 4000 3900 3736 RELIANCE 2800 2600 2727

DRREDDY 6000 5700 5656 SBILIFE 1500 1400 1425

EICHERMOT 4000 3700 3753 SBIN 650 600 626

GRASIM 2191.3 1892.5 2068 SUNPHARMA 1300 1300 1301

HCLTECH 1600 1500 1565 TATACONSUM 1200 1000 1141

HDFCBANK 1700 1500 1541 TATAMOTORS 900 800 806

HDFCLIFE 650 600 608 TATASTEEL 140 130 132

HEROMOTOCO 4400 4000 4373 TCS 4000 3700 3864

HINDALCO 600 550 561 TECHM 1400 1200 1330

HINDUNILVR 2700 2500 2562 TITAN 3800 3700 3827

ICICIBANK 1000 1000 981 ULTRACEMCO 10000 9800 9881

ITC 480 470 467 UPL 600 550 551

INDUSINDBK 1700 1600 1645 WIPRO 500 450 483

NIRAV HARISH CHHEDA AMIT BHUPTANI

AVP - DERIVATIVES AND TECHNICAL RESEARCH SR.DERIVATIVES AND TECHNICAL RESEARCH ANALYST
 Derivatives Daily
Thursday, January 18, 2024

OI against MWPL OI against MWPL

Limit for Open Limit for
Symbol MWPL Open Interest % OI Symbol MWPL % OI
next day Interest next day
NATIONALUM 178967755 199575000 Ban 112% MANAPPURAM 109696743 80166000 24045905 73%

IEX 177845485 177270000 Ban 100% CANBK 134484114 97448400 30311508 72%

POLYCAB 10228835 10122600 Ban 99% AUROPHARMA 56444627 39442700 14179695 70%

SAIL 289139949 278768000 Ban 96% WIPRO 281213926 194457000 72696229 69%

ZEEL 184440627 176193000 Ban 96% VEDL 269187421 181916200 73811849 68%

GNFC 18282414 16633500 734793 91% IDFCFIRSTB 881684797 579720000 257880557 66%

ABFRL 83620831 75618400 Ban 90% FEDERALBNK 444533804 285900000 136407113 64%

RBLBANK 120271928 107345000 6913331 89% TATAPOWER 339616396 211642875 110992701 62%

BALRAMCHIN 23040698 20409600 1479063 89% DLF 128335464 79287450 42631240 62%

ASHOKLEY 282359403 245890000 Ban 87% SBICARD 58820069 36068000 19811065 61%

METROPOLIS 5146496 4456800 Ban 87% LICHSGFIN 60244101 36196000 21035895 60%

DELTACORP 35744131 30924000 Ban 87% CANFINHOME 18644752 11141325 6571189 60%

HINDCOPPER 65482129 56079300 Ban 86% JINDALSTEL 76154801 45476250 26870810 60%

IDEA 4832931211 4121120000 470164650 85% M&MFIN 117884976 70120000 41870727 59%

PNB 591377974 503696000 58113075 85% TATACOMM 23447901 13942000 8333505 59%

NMDC 229794455 194274000 24030732 85% GLENMARK 30110093 17787875 10816713 59%

PVRINOX 14160340 11958881 Ban 84% PFC 290447407 162443875 113481161 56%

UPL 101555650 85503600 10974267 84% BANKBARODA 372635498 207961650 146042073 56%

GMRINFRA 494055219 415068750 54283708 84% AMBUJACEM 146089317 79776000 59008851 55%

SUNTV 19704232 16242000 2477020 82% HINDPETRO 127940594 67770000 53773564 53%

GRANULES 28132038 23036000 3689436 82% ADANIENT 62450033 32747100 26580431 52%

BHEL 256482590 209900250 33758210 82% HAL 37934515 19867800 16169989 52%

BANDHANBNK 193356582 158077500 Ban 82% ADANIPORTS 148906032 77651200 63809530 52%

IRCTC 60165566 49076125 8081162 82% JUBLFOOD 76339539 39357500 33165062 52%

CHAMBLFERT 32829989 26643700 Ban 81% MCX 10180563 5172400 4499134 51%

INDUSTOWER 167026256 132671400 26003543 79% LTTS 5544548 2810400 2456920 51%

PEL 23951791 18816000 3938201 79% OFSS 4710327 2374800 2100010 50%

BIOCON 93571885 72412500 16480790 77% L&TFH 168767877 84528128 75801355 50%

INDIACEM 44362911 34182300 7962465 77%

TATACHEM 31601465 24270400 5750991 77%

ABCAPITAL 161153272 122752800 30342808 76%

ESCORTS 6726893 5122425 1268123 76%

AARTIIND 40912236 30355000 8511624 74%

NIRAV HARISH CHHEDA AMIT BHUPTANI

AVP - DERIVATIVES AND TECHNICAL RESEARCH SR.DERIVATIVES AND TECHNICAL RESEARCH ANALYST
 Derivatives Daily
Thursday, January 18, 2024

Derivative Recommendations:
Call
Stock Name Entry price Targets Stop Loss Duration Status
(Buy/Sell)
HINDALCO 590 CE Buy 10.5 20 6 Positional Open

NIRAV HARISH CHHEDA AMIT BHUPTANI

AVP - DERIVATIVES AND TECHNICAL RESEARCH SR.DERIVATIVES AND TECHNICAL RESEARCH ANALYST
 Derivatives Daily
Thursday, January 18, 2024

FROM THE EQUITY DERIVATIVE DESK:

NIRAV HARISH CHHEDA AMIT BHUPTANI
AVP - DERIVATIVES AND TECHNICAL RESEARCH SNR.DERIVATIVES AND TECHNICAL RESEARCH ANALYST
E-Mail: nirav.chheda@nirmalbang.com E-Mail: amit.bhuptani@nirmalbang.com
Tel no: 6273-8199/8000 Tel no: 6273-8242/8000

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NIRAV HARISH CHHEDA AMIT BHUPTANI

AVP - DERIVATIVES AND TECHNICAL RESEARCH SR.DERIVATIVES AND TECHNICAL RESEARCH ANALYST