MF GLOBAL INDIA :- MANDATE 22 JUNE 2011
Shah, Vikas (IND Int)
Institution Derivatives | INDIA |
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22//06/2011 MANDATEPressure Remains Below 5320/80 Zone...The Nifty opened on a positive note and traded in the range of 65 points (between 5322 and 5257) and finally ended @5275 up by 0.3%. Selling pressure is likely to remain below 5320 levels. The Nifty futures were at a premium of 2 points toward the close. Major contributors to the gains within the index were RELIANCE, TCS, HDFC, HDFCBANK, INFOSYSTCH while LT, SBIN, ITC, JPASSOCIAT, TATASTEEL contributed negatively. Among the sectoral indices major gainers were (Chg %) CNXIT ( 1.2) ;OIL&GAS ( 0.9) ;HC ( 0.4) and major losers were:REALTY ( -1.8) ;CG ( -0.7) ;FMCG ( -0.6). Average volumes of Rs 1151bn were observed in the derivatives segment. The market-wide open interest is flat at Rs 1381bn up by 3% and Futures Open Interest at Rs 500bn down by 0.8%.NIFTY Option’s Open Interest Distribution: MAY-2011: Substantially high Call option open interest buildup is at 5600-5500 strike with 171k+ & 168k+ contracts respectively. Maximum Put option open interest buildup is at 5200-5100-5000 strikes with 163k+ 143k+ & 143k+ contracts respectively. Fresh Call options added position by 12k at 5300 strikes. Fresh Put options added position by 18k at 5200 strikes. Put options reduced position by 9k+ at 5400 strikes.
Technically, resistance is seen around 5320-5380 levels and support around 5180. Note: Adjustment F&O contracts TITAN StockSplitRatio: 10:1 Bonus Ratio: 1:1 Ex-date 23rd June 2011
Quick Links: F Today Board Meetings, Securities in Ban Period, NEW LISTING.
#ax Futures Open Interest Increase :- SKUMARSYNF,CESC,KOTAKBANK,STER,UNIONBANK,RUCHISOYA,DCHL,BHEL,DLF,AUROPHARMA
# Top Non-Nifty OI (Px% OI%):- OPTOCIRCUI : -5,14 UNIONBANK : -3,10 CESC : -3,10 SKUMARSYNF : -12,10 RUCHISOYA : 0,9
Max Delivery Increase :- TRIVENI,DABUR,SBIN,ONMOBILE,MUNDRAPORT,SRTRANSFIN,MPHASIS,ONGC,NCC,KTKBANK
# Top Non-Nifty Del(px% Del%) :- VIDEOIND : 1,1021 BHARATFORG : -1,713 SKUMARSYNF : -12,373 BEML : -2,370 ADANIENT : 0,287
MANDATE Member-Report Web Links : (If clicking on these links does not open the reports, then copy and paste this link in you web browser)
www.mfglobal.in/research/mode.pdf
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