DAILY DERIVATIVES REPORT 171h JULY 2014
NIFTY SNAPSHOT & PIVOT POINTS SPOT
FUTURE
COST OF CARRY
TOTAL FUT OI
PCR OI
PCR VOL
ATM IV
CURRENT
7624
7643
5.95
16154100
0.78
0.96
14.21
PREVIOUS
7527
7539
3.62
15720900
0.68
0.75
14.1
CHANGE(%)
1.30%
1.39%
-
2.76%
-
-
-
PIVOT LEVELS
S3
S2
S1
PIVOT
R1
R2
R3
NIFTY FUTURE
7539
7486
7565
7613
7692
7740
7867
MARKET ROUNDUP
The Indian equity market ended at a day’s high extending the rally for second consecutive trading session after the Reserve Bank of India relaxed financing norms for infrastructure development and affordable housing. The rally was so intense that not a single sectoral index on the BSE ended in the red. The Realty index led from the front, up 4.2% followed by BSE Banking and the Metals index up 2.5%.
IDFC, DLF, ICICI Bank, Hindalco, Axis Bank, SBI, NMDC, Tata Steel, Maruti, M&M, Reliance, Jindal Steel, BPCL, BHEL and Kotak Bank were among gainers in Nifty.
GAIL, Asian Paints, Bajaj Auto, Coal India, HDFC, Wipro, Bharti Airtel , Ambuja Cement PNB, Cipla , TCS, and
F&O HIGHLIGHTS
Post a positive start, the follow up momentum continued on Wednesday as well where apart from IT all major indices witnessed buying. After the sharp spike in the last hour of the trade, the index finally ended adding another 100 points. The premium increased and settled at 19 points. India VIX fell 0.25% and settled at 14.73
FIIs bought 622 crore while DIIs sold 48 crore in the cash segment. FIIs sold 25 crore in index futures and bought 1238 crore in index options. In stock futures, they bought 741 crore
The highest Put base stands at the 7500 strike with over 61 lakh shares. The highest Call base stands at the 8000 strike with over 89 lakh shares. The 7600 and 7700 Call strikes have seen reduction of 4.52 and 2.71 lakh shares, respectively. On the Put side, 7500 and 7600 strikes have seen addition of 12.10 and 8.75 shares, respectively
INDEX OUTLOOK
Nifty Future: The Nifty is likely to open flat to positive on the back of strong global cues. It is likely to trade in the range of 7580-7700. The trading strategy would be to create longs near7608-7613 for targets of 7645 and 7665. On the other hand, one can enter shorts if the index finds resistance near 7700
Bank Nifty Future: The outperformance is likely to continue up to 15500. On the lower side, supports are pegged at 15100 levels YOUR MINTVISORY
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