epic research's daily derivative market report 31st may 2016

DAILY DERIVATIVE REPORT

31 MAY 2016

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The Indian equity market closed in the green extending its winning streak to fifth consecutive trading session.

After opening with a positive bias, indices were stuck in a narrow trading range. Finally, the BSE Sensex ended with a gain of 72 points at 26,726. The BSE Sensex opened at 26,695 touched an

intra-day high of 26,795 and low of 26,623. The NSE Nifty closed with a gain of 22 points at 8,179. The NSE Nifty opened at 8,166 hitting a high of 8,200 and low of 8,151.

The Nifty opened at an eight month high. However, the index faced difficulty near the highest Call base of 8200 and finally ended only 22 points higher. Nifty futures premium settled at 16 points. India VIX rose 4.7% to 15.95

FIIs bought | 356 crore while DIIs sold | 211 crore in the cash segment. FIIs bought | 556 crore in index futures

and | 1242 crore in index options. In stock futures, they sold | 378 crore The highest Put base is at the 8000 strike with 53 lakh shares while the highest Call base is at 8400 Call strike

with 36 lakh shares. The 8400 and 8500 Call strikes saw additions of 5.6 lakh and 3.0 lakh shares, respectively. The 8000 and 8100 Put strikes saw additions of 14.9 lakh and 6.7 lakh shares, respectively

Nifty Future: The Nifty is likely to open flat to positive on the back of mixed global cues. It is likely to trade in

the range of 8140-8250. Buy Nifty in the range of 8165-8175 for targets of 8205-8225, stop loss: 8150 Bank Nifty Future: The index ended almost at par near the sizeable Call base of 17500 on the back of short cov-

ering. We feel the short covering is likely to continue above 17500, which will further take the index higher. Buy Bank Nifty in the range of 17380-17420, targets: 17550-17650, stop loss: 17310

NIFTY SNAPSHOT & PIVOT POINTS

SPOT FUTURE COST OF

CARRY TOTAL FUT OI PCR OI PCR VOL ATM IV

CURRENT 819 8194 2.27 22881150 1.03 0.98 15.44

PREVIOUS 8157 8172 2.08 22016175 0.99 0.87 14.68

CHANGE(%) 0.27% 0.27% 3.93% - - -

PIVOT LEVELS S3 S2 S1 PIVOT R1 R2 R3

NIFTY FUTURE 8094 8145 8170 8196 8221 8247 8298

F&O HIGHLIGHTS

INDEX OUTLOOK

MARKET ROUND UP

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31 MAY 2016


INTRADAY STRATEGY

i) SBIN FUTURE ii HIND PETRO FUTURE

Buy future around 192-194

Buy future around 920-935

View : Bullish View : Bullish

Strategy : Future Strategy : Future

Target1: 198 Target 2 : 202 Target1: 950 Target 2 : 980

Stop loss : 188 Stop loss : 895

Market Lot : 2000 ,CMP : 194.50

Market Lot : 600 ,CMP : 935.35

STOCK ANALYSIS

OPEN INTEREST ACTIVITY

LONG BUILD UP SHORT BUILD UP

SYMBOL OI (LOTS) %

CHNG PRICE %CHNG SYMBOL OI (LOTS)

%

CHNG PRICE %CHNG

BPCL 8896.00 24.9 1000.00 7.10 FEDERALBNK 89.38 441.7 52.95 [1.2]

IOC 6035.00 23.7 410.10 1.10 TVSMOTOR 10.00 233.3 290.00 [2.5]

BIOCON 2682.00 22.1 706.70 6.80 GAIL 16.07 150 383.10 [0.4]

IBREALEST 2764.00 10.6 104.00 3.90 BHARAT-

FORG 128.40 148.8 744.90 [0.0]

PIDILITIND 847.00 9 699.00 1.80 MCDOWELL-

N 9.00 125 2509.85 [1.3]

OI addition : We saw long built up in bpcl, ioc, biocon, ibreal estate, pidilite ind while short built up was

seen in federal bank, tvs motor, gail, bharat forge, mcdowell.

OI Shedding : We saw short covering was seen in suntv, rpower, ibulhsgfin, arvind, sunpharma and long unwind-

ing was seen in jet airways, jubilant food.



31 MAY 2016


Instrument

Type

Symbol Expiry

Date

Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Traded

Value

(Lakhs)

OPTSTK SBIN 30JUN2016 CE 200 9.60 18,574 76,450.58





MOST ACTIVE CALLS

MOST ACTIVE PUTS

Instrument

Type

Symbol Expiry

Date

Option

Type

Strike

Price

LTP Traded

Volume

(Contracts)

Traded

Value

(Lakhs)

OPTSTK SBIN 30JUN2016 PE 180 3.55 12,692 47,529.00





FII ACTIVITY (IN RS. CRORE)

BUY SELL OPEN INTEREST AT THE

END OF THE DATE

DERIVATIVE

PRODUCT

NO.OF

CON-

TRACTS

AMOUNT

IN CRORES

NO.OF

COTRACTS

AMOUNT

IN CRORES

NO. OF

CONTRACTS

AMOUNT

IN CRORES

INDEX FUTURES 81911 4854.25 45704 2691.77 281850 16906.85

INDEX OPTIONS 561600 33648.50 530694 31739.14 783886 47644.47

STOCK FUTURES 126995 6365.50 106672 5351.40 981776 48310.54

STOCK OPTIONS 90119 4063.97 87671 3947.81 35754 1746.60



31 MAY 2016


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PRICE VOLUME OI MARKET

RISING UP UP STRONG

RISING DOWN DOWN WEAK

DECLINING UP UP WEAK

DECLINING DOWN DOWN STRONG

GENERAL RULES FOR OPEN INTEREST & VOLUME


epic research's daily derivative market report 31st may 2016

Economy & Finance