Derivatives/Infokit 211113

[Rajesh Desai]

 

Derivatives Research

[For November 21, 2013]

Sharekhan www.sharekhan.com

Summary of Contents   DARING DERIVATIVES   Derivatives Summary Today Nifty (November) futures' premium has decreased marginally from 27.15 points to 26.15 points. Total open interest in the market was Rs143,131 crore and Rs1,800 crore was reduced in open interest. Nifty call option added 25.58 lakh shares in open interest whereas put option underwent reduction by 27.99 lakh shares in open interest. Market commentary Tracing Singapore Nifty and other global indices, the  Indian market witnessed a gap down opening. After a weak opening, further slide in the southward direction continued due to a set of losses by big names like ICICI Bank, Hindalco Industries, JP Associates, IndusInd Bank and BPCL along with other index components. Daily view Around 6.92 lakh shares were reduced in open interest with a marginal increase in the cost of carry, indicating short positions were squared off by market participants in today's trade. On the options front, implied volatility has shot up significantly by 100-200 basis points indicating that the market may continue to remain volatile and uncertain. Click here to read report: Daring Derivatives   DERIVATIVES INFO KIT   Open interest break-up   BANKNIFTY CNXIT NIFTY STOCK TOTAL Future 2047.43 31.74 13473.78 33536.36 49089.31 Call 2633.02 0.22 40476.01 6814.67 49923.93 Put 1863.54 0.13 38263.69 3990.19 44117.55 Total 6543.99 32.10 92213.48 44341.22 143130.78 Near Month 6037.99 29.02 50961.51 41429.97 98458.49 Far Months 506.00 3.08 41251.97 2911.26 44672.30   Click here to read report: Derivatives Info Kit

Regards, The Sharekhan Research Team

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CA. Rajesh Desai