DAILY DERIVATIVES

NIFTY DAILY VIEW : NIFTY FUTURES : 5174 (1%) PREMIUM / DISCOUNT : 9 Vs 2

BULLISH - Clear uptrend seen,

22 June 2012
NIFTY PCR OI : 1.45 Vs 1.41; PCR Vol : 1.19 Vs 1.26 NIFTY IV : 19.21 Vs 20.58; NIFTY HV :22.46 Vs 22.66 NIFTY VIX : 19.94 Vs 21.03
BEARISH -Clear Downtrend seen, MODERATELY BEARISH -Some Weakness seen.

NSE Derivatives Market Turnover Rs: 140575 Crs Up by 18.56 % FII Market Wide Open Interest Rs: 87238 Crs Up by 3.18 % FII Net Position in Derivatives Rs: -265 Crs Vs 625 Crs
NEUTRAL -No Clear trend Seen,

MODERATELY BULLISH -Some Strength seen,

NSE NIFTY FUTURES DAILY CHART

NIFTY FUTURES HIGHLIGHTS: Markets staged a strong comeback for the first time in seven weeks on falling crude prices and investment bank JP Morgan upgrading the Indian market. The markets ignored the depreciating rupee, which hit an all-time low, as well as global markets, which were down on profit-booking post the US Federal Reserve meet. Nifty futures closed with 9 points premium as compared to 2 points premium in previous trading session. Nifty Futures closed at 5174 gaining 1% with 8.4% increase in open interest along with 39% increase in volumes. FII's were buyers in Index Futures to the tune of 123 crores and were sellers in index options to the tune of 209 crores, Stock Futures were sold to the tune of 96 crores. FII's were net sellers in derivatives segment to the tune of 265 crores compared to buying of 625 crores in previous trading session. Derivative segment saw 18.6% increase in turnover as compared to previous trading session. NIFTY OUTLOOK: Nifty futures witnessed increase in price with increase in open interest and volumes indicating builtup of long positions. Markets are expected to trade rangebound with stock specific movements. Nifty may face resistance around 5220 levels while 5120 may act as good support level.

SECURITIES IN BAN PERIOD

ABAN, ABGShip, Orchidchem, Coreedutec and Suzlon

Market Indsite:

SECTORIAL OPEN INTEREST

SECTOR HIGH LIGHTS: Infrastructure, Oil Gas, Realty, Cement and FMCG sectors saw builtup of long positions while Media sectors saw covering of short positions None of the sectors were in negative territory

SECTOR OUTLOOK: Infrastructure, Oil Gas, Realty, Cement and FMCG rget sectors may continue to show strength. However stockspecific movements may be observed.

Source: NSE,SeeDiff,AXISDIRECT Research

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Market & ANALYSIS STOCK FUTURES OPEN INTEREST MONITOR Indsite:

BULLISH
LONG BUILD UP
Symbol
GMRINFRA ADANIPORTS HINDOILEXP HDIL IGL

SHORT COVERING
Volume % Chg % Delv
6,915 4,821 2,985 22,160 5,558 576.6 556.8 78.0 154.5 237.9 66.3 -9.1 346.4 299.2 147.3

Fut Price
22.90 117.95 132.20 79.65 247.40

% Chg
1.10 0.55 6.87 8.44 2.29

Open Inst
5,83,84,000 1,04,02,000 34,56,000 3,22,22,000 25,66,500

% Chg
28.5 28.1 22.1 20.8 16.5

Symbol
PETRONET SUNTV SRTRANSFIN HINDPETRO PIRHEALTH

Fut Price % Chg

136.35 278.85 516.1 335.5 524.75 6.65 0.09 3.06 3.89 1.32

Open Inst
4048000 712000 350000 4457000 903500

% Chg
-19.6 -5.8 -4.8 -4.7 -3.9

Volume
1,959 581 170 6,523 564

% Chg % Delv
193.7 -32.7 77.1 169.8 -24.8 163.2 109.1 25.1 118.9 -7.2

BEARISH
LONG LIQUIDATION
Symbol
ACC ZEEL BHARATFORG ABAN HAVELLS

SHORT BUILD UP
Volume % Chg % Delv
5,717 360 441 820 477 -53.5 291.3 -66.7 19.2 -29.4 -71.8 443.7 -67.4 -11.4 -28.0

Fut Price
1,253.70 134.95 303.55 322.85 547.75

% Chg
-0.04 -0.26 -0.28 -0.03 -0.09

Open Inst
18,11,750 22,06,000 24,98,000 35,65,000 7,24,000

% Chg
-5.6 -4.9 -3.3 -2.1 -1.6

Symbol
CUMMINSIND RELIANCE COLPAL HINDALCO JSWENERGY

Fut Price % Chg

423.6 721.35 1112.75 121.9 49.45 -0.14 -2.32 -0.56 -0.81 -1.00

Open Inst
247500 10371750 163000 21638000 25048000

% Chg
28.6 22.5 18.3 10.4 7.1

Volume
314 26,810 229 5,413 3,904

% Chg % Delv
41.4 141.7 80.3 -3.0 275.0 -12.7 134.7 -14.4 34.6 -27.3

STOCK FUTURE ANALYSIS: GMRINFRA, ADANIPORTS, HINDOILEXP, HDIL and IGL saw built up of Long positions while PETRONET, SUNTV, SRTRANSFIN, HINDPETRO and PIRHEALTH Market Indsite: saw covering of Short positions. ACC, ZEEL, BHARATFORG, ABAN and HAVELLS saw liquidation of Long positions while CUMMINSIND, RELIANCE, COLPAL, HINDALCO and JSWENERGY saw built up of Short positions. STOCKS OUTLOOK: GMRINFRA, ADANIPORTS, HINDOILEXP, HDIL and IGL may show good strength while CUMMINSIND, RELIANCE, COLPAL, HINDALCO and JSWENERGY may show weakness in todays trading session

NIFTY OPTION OI DISTRIBUTION & ANALYSIS

SMART MONEY RATIO

Highest addition of open interest was observed in 5100, 5200 put options Smart Money Ratio closed at 11.72 as against 12.96 in previous trading and liquidation seen in 5100 call options. Option open interest distribution session. indicates Nifty to trade in a narrow range of 5000 - 5300 for near term

Source: NSE,SeeDiff,AXISDIRECT Research

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NSE DERIVATIVES TURNOVER

Market Indsite:

FII DERIVATIVES ACTIVITY

DERIVATIVE STRATEGY

Source: NSE,SeeDiff,AXISDIRECT Research

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CALL TRACKER (DAILY REPORT) :

Reco Date 11-Jun-12 12-Jun-12 12-Jun-12 12-Jun-12 12-Jun-12 13-Jun-12 13-Jun-12 14-Jun-12 14-Jun-12 15-Jun-12 15-Jun-12 15-Jun-12 Recom Long Long Long Long Long Long Long Long Short Long Long Long Stock Future Dabur (Future) LICHSGFIN (Future) Kotak Bk (Future) IFCI (Future) JSW Steel (Future) India Info (Future) INFY BGR Energy (Future) Orchid (Future) Godrej (Future) Cipla (Future) Ranbaxy (Future)

Market Indsite:
Recom Price 105.5 248 581 37.55 643 61 2478 290 117 232 307 482 Stop Loss 103.5 244 570 36.5 630 59.75 2450 286.5 119.5 228 301 476 Target 109.5 256 603 39.5 669 63.5 2530 297 112 240 319 494 CMP / Closing Price 109.0 256.0 570.0 38.5 632.0 59.8 2530.0 297.0 119.5 233.0 308.4 478.1 Diff 3.32 3.23 (1.89) 2.53 (1.71) (2.05) 2.10 2.41 (2.14) 0.43 0.46 (0.82) Status Closed Closed Closed Closed Closed Closed Closed Closed Closed Closed Open Open Remarks Booked Profits Booked Profits Booked Losses Booked Profits Booked Losses Booked Losses Booked Profits Booked Profits Booked Losses Booked Profits Booked Part Profits

Time Frame Positional Intraday Positional Positional Positional Intraday Positional Intraday Intraday Intraday Positional Positional

DERIVATIVE STRATEGY

Source: NSE,SeeDiff,AXISDIRECT Research

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Ms. Monali Jobanputra Mr. Suresh Babu Pyarla

Analyst - Derivatives & Quant

monali.jobanputra@axissales.in suresh.pyarla@axissales.in

022-2425 3471 022-2425 3470

RETAIL RESEARCHDerivatives & Quant Analyst - TEAM

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