daily derivative report
DESCRIPTION
A futures contract is an agreement between two parties – a buyer and a seller – wherein the former agrees to purchase from the latter, a fixed number of shares or an index at a specific time in the future for a pre-determined price. These details are agreed upon when the transaction takes place. As futures contracts are standardized in terms of expiry dates and contract sizes, they can be freely traded on exchanges. A buyer may not know the identity of the seller and vice versa. Further, every contract is guaranteed and honored by the stock exchange, or more precisely, the clearing house or the clearing corporation of the stock exchange, which is an agency designated to settle trades of investors on the stock exchanges.Futures contracts are available on different kinds of assets – stocks, indices, commodities, currency pairs and so on.Here we will look at the two most common futures contracts – stock futures and index futures.TRANSCRIPT
29-07-2015 14/08/2015 INDEX OPENHIGH LOW CLOSE NIFTY FUTURE8405844583578404 BANK NIFTY18250 184101813518319 INDEXR2R1PPS1 S2 NIFTY FUTURE849084478402 8359 8314 BANK NIFTY 185631844118288 1816618013 NIFTY VOLUME462054 518433 -10.87% INDEX CURRENT PREVIOUS % CHANGE NIFTY OI16455950 17218500-4.42% BANK NIFTY OI23097252620250 -11.85% BANKNIFTY VOLUME 131552 164512 -20.03% IndianMarketsendednegative(red);afterIndian indices remained heavy volatile movement during the day. The Sensex ended the day at 27549; up 37.27 points. Nifty closed the day at 8355.85; up 6.40 points. Stock Recommendation
******* StockRecommendationfor14/08/2015isWockhardtLimited.Intodaystradingsessionit was up 2.69%. Its long term trend is up. Parabolic SAR & RSI have also buying confirmation. So ourbuyinglevelisabove1675&ourtargetis1700&1725intomorrow.Ourstoplossis 1645; the entire indicator is suggesting that one can go for long position in the stock at above 1675 levels. Our Recommendation on WOCKPHARMA above 1675 for 1st target 1700 and 2nd Target 1725 with stop loss level 1645. SYMBOLCIPLA 729.60 3.10TATASTEEL234.00-6.04 M&M1346.00 3.59VEDL104.45 -8.26SUNPHARMA888.00 2.52 BOSCHLTD24880.00-2.40 TATAPOWER69.40 2.74HINDALCO 91.00-5.11 LUPIN 1765.002.49NMDC97.50-97.50 CLOSE PRICE % CHANGESYMBOL CLOSE PRICE % CHANGE SYMBOL STRIKE RATEOPENHIGHLOWCLOSE RELIANCE CE 9809.0011.155.407.15RELIANCE CE960 15.65 18.609.25 12.00 TATASTEEL CE 250 10.00 10.752.70 3.10 TATASTEEL CE 2605.80 5.951.50 1.60 ASHOKLEY CE902.80 3.451.90 2.40 FII GROSS PURCHASE GROSS SALE NET PURCHASE/SALES DIIGROSS PURCHASE GROSS SALE NET PURCHASE/SALES 12 August 2015 3785.66 5640.68 -1855.02 11 August 2015 3488.91 4225.72 -736.81 10 August 2015 3539.95 3554.38 -14.43 12 August 2015 2660.031436.231223.80 11 August 2015 1510.871380.13 130.74 10 August 2015 1323.231373.28 -50.05 Theinformationcontainedherewasgatheredfromsourcesdeemed reliablehowever;noclaimismadeastoaccuracyorcontent.Thisdoes notcontainspecificrecommendationstobuyorsellatparticularprices or time, nor should any examples presented be deemed as such. There is ariskoflossinequitytradingandyoushouldcarefullyconsideryour financial position before making a trade. This is not, nor is it intended, to be a complete study of chart patterns or technical analysis and should not bedeemedassuch.MoneyClassicInvestmentAdvisorsdoesnot guarantee that such information is accurate or complete and it should not be relied upon as such. Any opinions expressed reflect judgments at this dateandaresubjecttochangewithoutnotice.Foruseatthesole discretionoftheinvestorwithoutanyliabilityonMoneyClassic Investment Advisors. MONEY CLASSIC INVESTMENT ADVISORS WEBSITE- WWW.MONEYCLASSIC RESEARCH.COM EMAIL- [email protected] CONTACT NO. - (M) 9039777700