F & O 12-01-2012

8/3/2019 F & O 12-01-2012

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Thursday, January 12, 2012 1

Daily Outlook

Shshank Mehta

Derivatives Strategist

Contact: [email protected]

Hemang Gor

Technical Analyst

Contact: +91-22-28016716

[email protected]

dy/dx

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CONTENTS

Pg No. Particulars

3 Nifty Futures – Derivatives Snap

4 Activity in Nifty Options

5 What do Nifty Technicals suggest

6 Open Interest and Price change in Stock Futures

7 Intra-day Trading Ideas

Team

Disclaimer

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Nifty Futures

Note – Change in OI of Nifty Options refers to change from previous trading day Source-NSE, SIHL Derivatives Research (Institutional Equities)

Nifty January 2012 futures closed at 4,872.35 at a premium of 11.40 points over spot closing of 4,860.95, while Nifty

February 2012 futures were at 4,891.90 at a premium of 30.95 points over spot closing. Nifty January futures saw addition

of 0.01 million (mn) units taking the total outstanding open interest (OI) to 21.40 mn units.

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Nifty Options

Note – Change in OI of Nifty Options refers to change from previous trading day Source-NSE, SIHL Derivatives Research (Institutional Equities)

Among Nifty calls, 4900 SP from the January month expiry was the most active call with an addition of 0.72 million.

Among Nifty puts, 4800 SP from the January month expiry was the most active put with an addition of 0.50 million.

The maximum Call OI outstanding for Calls was at 5000 SP (6.50 mn) and that for 4500 Puts was at (7.20 mn).

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Technical’s suggest, Markets to open flat...Infy to dictate trend for the day…

Source-Bloomberg, SIHL Research (Institutional Equit ies)

Pivot S2 S1 CMP R1 R2

NiftyFutures

4770 4820 4872.35 4905 4945

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Fresh Longs Open Interest Price

Script Prev. OI Cur. OI % Chg. OI LTP Price % Chg

DISHTV 8,332,000 10,796,000 29.57 61.45 5.95

MAX 462,000 571,000 23.59 153.30 0.23

MCDOWELL-N 1,486,250 1,832,000 23.26 543.85 3.30

ONMOBILE 1,428,000 1,632,000 14.29 74.05 0.47

Short-Covering Open Interest Price

Script Prev. OI Cur. OI % Chg. OI LTP Price % ChgHDIL 19476000 17350000 -10.92 70.95 12.53

BPCL 1,197,500 1,066,500 -10.94 508.50 4.66

ORCHIDCHEM 3,600,000 3,144,000 -12.67 150.05 0.17

UNIONBANK 2,007,000 1,707,000 -14.95 186.55 4.07

Fresh Shorts Open Interest Price


TATACHEM 534,000 624,000 16.85 315.45 -2.29

FEDERALBNK 512,000 598,000 16.80 365.50 -2.00

PETRONET 2,012,000 2,346,000 16.60 162.65 -0.73

IOB 944,000 1,074,000 13.77 80.35 -0.19

Long Unwinding Open Interest Price


M&M 3768000 3507500 -6.91 680.60 -1.23

ABAN 2,585,000 2,397,000 -7.27 354.05 -3.11

IRB 2566000 2366000 -7.79 139.55 -1.20

ACC 893,000 815,000 -8.73 1117.30 -0.53

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Intraday Trading Ideas

Script Close S2 S1Reversal

Point*

R1 R2 Recommendation

DLF 190.90 181 186 189 195 200 SELL

INFY 2826.60 2763 2795 2851 2877 2927 BUY

SBIN 1726.95 1678 1702 1715 1743 1758 BUY

ICICIBANK 780.15 764 772 780 789 798 BUY

RELIANCE 748.25 723 736 743 757 766 BUY

TCS 1137.00 1107 1122 1154 1164 1190 BUY

TATAMOTORS 204.90 199 202 205 208 210 SELL

AXISBANK 933.65 870 902 918 956 979 SELL

LT 1147.10 1110 1129 1139 1158 1170 BUY

TATASTEEL 383.00 366 375 378 388 393 BUY

BHARTIARTL 325.65 318 322 328 331 336 SELL

HINDALCO 130.35 122 126 128 133 135 SELL

HDFC 680.95 668 675 684 690 699 BUY

M&M 680.35 657 669 683 692 704 SELL

HEROMOTOCO 1809.30 1757 1783 1799 1832 1854 BUY

JPASSOCIAT 57.00 53 55 56 58 59 SELL

*Reversal Point are significant levels that are use to determine directional movement in the stock for trading.

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TEAM

Name Designation Sector E-mail

Analyst Team (in alphabetical order )

Ameya Hardas Head of Research [email protected]

Bunty Chawla Research Analyst BFSI [email protected]

Harsh Mehta Research Analyst Auto, FMCG [email protected]

Hemang Gor Technical Analyst [email protected]

Shshank Mehta Derivatives Strategist [email protected]

Siddharth Rajpurohit Sr. Research Analyst O&G [email protected]

Tanmay Shah Director

Sales

Vipul Thakkar Manager-Inst. Sales [email protected]

Kavita Jogani Institutional Sales [email protected]

Yogesh Shah Institutional Sales [email protected]

Dealing

Suresh Gaddi Sales Trader [email protected]

Krunal Mody Institutional Dealer [email protected]

Corporate Office:- Institutional Desk:-

SIHL House

Opp. Ambawadi Jain Temple,Nehrunagar Cross Roads,

Ahmedabad - 380015Gujarat, India

Tel. : +91 - 079 - 30025325

Shah Investor’s Home Ltd.

B-105, 1ST Floor Sahyog Towers,Above Central Bank, Opp. Shankar Mandir,

S.V. Road, Kandivali (West),Mumbai - 400 067

Phone: 022-2801-6713 / 15

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F & O 12-01-2012