DAILY DERIVATIVES REPORT 181h JULY 2014
NIFTY SNAPSHOT & PIVOT POINTS SPOT
FUTURE
COST OF CARRY
TOTAL FUT OI
PCR OI
PCR VOL
ATM IV
CURRENT
7640
7659
6.24
16492000
0.82
0.88
14.04
PREVIOUS
7624
7643
5.95
16154100
0.78
0.96
14.21
CHANGE(%)
0.21%
0.21%
-
2.09%
-
-
-
PIVOT LEVELS
S3
S2
S1
PIVOT
R1
R2
R3
NIFTY FUTURE
7650
7607
7633
7654
7680
7701
7748
MARKET ROUNDUP The Indian equity market ended with modest gains on Thursday extending its winning streak to third consecutive trading session. Signs of recovery in the macro economic data, positive cues from the international equity markets and some relief from the rain gods have lifted the sentiment on the street. The power stocks were in action after media reports stated that The Delhi Electricity Regulatory Commission approved a tariff hike of 8.32% for the three electricity distribution utilities (discoms), BSES Yamuna, BSES Rajdhani and Tata Power Delhi Distribution Ltd for the fiscal 2014-15 Among the other major gainers were the metals, consumer durables, capital goods and healthcare stocks. Even the
F&O HIGHLIGHTS Post a flat start, the index traded in a tight band amid high volatility in the absence of any major trigger. It finally ended the day after adding only 15 points. The premium remained almost flat and settled at 18 points. India VIX increased 1.25% and settled at 14.96 FIIs bought 1912 crore while DIIs sold 1316 crore in the cash segment. FIIs bought 520 crore in index futures and 632 crore in index options. In stock futures, they bought 115 crore The highest Put base stands at the 7500 strike with over 69 lakh shares. The highest Call base stands at the 8000 strike with over 87 lakh shares. The 7700 and 7800 Call strikes have seen addition of 10.75 and 1.42 lakh shares, respectively.On the Put side, 7700, 7600 and 7500 strikes have seen addition of 2.50, 9.70 and 6.05 shares, respectively
INDEX OUTLOOK Nifty Future: The Nifty is likely to open negative on the back of weak global cues. It is likely to trade in the range of 7580-7700. The trading strategy would be to create shorts near 7675-7680 for targets of 7645 and 7625. On the other hand, one can enter longs if the index finds support near 7580 Bank Nifty Future: The index is likely to find support near 15100 with resistance now pegged at 15500
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