Money Derilook
21 October 2014
Nifty Synopsis
Particulars
Spot
Future
Prem. / Disc.
Futures OI
PCR OI
PCR VOL
VIX (%)
Current
7880.00
7895.00
15.00
18060150
0.85
0.94
18.96
Previous
7780.00
7815.00
35.00
17158850
0.84
0.83
18.96
1.29
1.02
5.25
–
–
0.00
Change (%)
Source: NSE
Outlook

NIFTY PCR_OI rebounds marginally at 0.85 (below 1,
Nifty open interest vs Nifty Futures
developed stiff resistance zone 16.4-16.8, if continues to
OI
20/Oct
17/Oct
16/Oct
14/Oct
INDIA VIX closes at 14.19 (closing below 10 DMA i.e. 14.5)
13/Oct

9/Oct
7900.
10/Oct
shares); clearly implying support levels for NIFTY 7850-
8/Oct
12.27 lakh shares (with total OI 47.74 lakh
7/Oct
addition of
18.5
18
17.5
17
16.5
16
15.5
15
14.5
Millions
shares), PCR_OI 0.23; On the other hand, 7900 PE saw
8000
7950
7900
7850
7800
7750
7700
7650
7600
30/Sep
unwinding of 3.89 lakh shares (with total OI 64.44 lakh
1/Oct
6mth low at 0.65, 6mth high 1.36 in OCT.); 8000 CE saw
Nift y F ut ur es
move south and close below 13.5 which will imply bias of
VIX turning negative (can lead to some more pull back
Source: NSE
on Index as uncertainty will decrease), that would clearly
signal NIFTY may test resistance 7600-7650 levels.

Nifty Spot vs PCR
FIIs volume picked up in Cash market, on Cash Front on
Thursday they continue to be sellers to the tune of 1128
1.20
8000
7950
7900
7850
7800
7750
7700
7650
7600
Cr.; DIIs continue to be buyers 664 Cr.; On F & O Front,
FIIs continue to be sellers in index Fut. to the tune of 725
0.80
Cr.; Index options continue to be buyers to the tune of 729
0.00
find
resistance at 8000-8030 levels.

P CR – OI
Over all PE writers add aggressive positions; Index will
find support at 7850-7900 levels.
PCR – Vol
20/Oct
will
17/Oct
NIFTY
16/Oct
implying
14/Oct
continue,
13/Oct
Options
10/Oct
Index
9/Oct
(quantum still high), with sellers in Index Fut., with buying in
0.40
8/Oct
Cr., Stock Future buyers 363 Cr.; FIIs sellers on cash front
Nifty S pot
Source: NSE
‘~~
Nifty Options OI built up (Current expiry)
7
6
5
Millions
4
3
2
1
Put OI
8400
8300
8200
8100
8000
7900
7800
7700
7600
7500
7400
0
Ca ll OI
Source: NSE
Aditya Birla Money Limited
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Page No: 1
Money Derilook
21 October 2014
INDEX FUTURES
3341.55
1886.54
1455.01
11,866
1879.55
INDEX OPTIONS
16162.76 16354.92
-192.17
70,081
359.47
STOCK FUTURES 3231.93
2604.22
627.72
43,391
737.56
STOCK OPTIONS
2881.39
2926.23
-44.84
2,864
136.33
Total
25617.63 23771.91
128,202
3112.91
1845.72
2500
2000
1500
1000
500
0
(500)
(1000)
(1500)
(2000)
8000
7950
7900
7850
7800
7750
7700
7650
7600
FI I B/S
OI Ch ng
20/Oct
OI Change
17/Oct
OI
16/Oct
Net
14/Oct
Sell
13/Oct
Buy
10/Oct
Product
FII vs Nifty Spot
9/Oct
FII Derivatives Statistics (` in Cr.)
Nifty Spot
Source: NSE
Source: NSE,
In Index Futures FIIs were Net Buyers to the tune of 1455 Cr with an Open Interest increase of around 1880 Crs: Indicating Long
Build Up in INDEX FUTURES by FIIs.
% C hange Pri ce
Others
Real Estate
Infra
Chemicals & Fertilizers
Finance
Power
Pharma
Capital Goods
Telecom
IT
Textiles
Metals
Oil & Gas
FMCG
Cement
Auto
5
4
3
2
1
0
-1
-2
-3
-4
-5
Banking
Sectoral Movement
% C hange OI
Source: NSE



Long Build Up was witnessed in: BANKING, AUTO.
Short Build Up was witnessed in: FMCG, IT.
Short Covering was witnessed in: CEMENT, OIL & GAS, METALS, TELECOM, CAPITAL GOODS, PHARMA, REAL ESTATE.
Aditya Birla Money Limited
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Page No: 2
Money Derilook
21 October 2014
Stock Futures Activity

TVSMOTOR: Mid Cap AUTO Sector stock witnessed Long Built up in the form of OI 7% (2.9 lakh shares);with Cash Vol. surge 78.22
Lakh Shares, 354 percent higher form yesterday, has given a closing above 240-241 making new 52 week high, till stays above 231235, expect to retest higher levels 260-265.

PNB: Large Cap PSU Bank stock witnessed Long Built up in the form of OI 8% (3.34 lakh shares); Del. Vol. 4.7 Lakh Shares Vs.
2.99 Lakh Shares, Stock yet again breaks below 200 DMA 452, closed well above 938-940 i.e. 50 DMA, if breaks above 938-940,
expect to test 1000-1005.

EXIDE: Mid Cap Auto Sector Stock witnessed shorts in the form of OI 16% (14.2 lakh shares); Cash Vol. at 54.8 Lakh up by 147%
from yesterday; has given away crucial support 160-162, sell on rise till does not cross 164 expect to move below level of 150-145.

AXISBANK: Large Cap PVT. Bank Stock witnessed Long Built up to the tune of 15% (31.2 lakh shares); Del. VOl. picking up 27.4
Lakh Shares Vs. 14.41 Lakh Shares, stock crossed Ascending Triangle by closing above 411-412, till stays above 405 expect to
retest higher level of 422-436.

HEROHONDA: Large CAP AUTO Stock witnessed aggressive Long to the tune of 5.5% (1.3 lakh shares add); has closed above
resistance 2920-2925, till holds above 2885, expect to retest higher levels 3027-3030s level.
Stock Options Activity

JSPL: CE writers accumulate at 140 levels with total OI of 9.17 lakh shares (addition of 9.02 lakh shares on Monday);
expect resistance level at 140-144 levels.

AXISBANK: PE writers accumulate at 400 levels with total OI 7.83 lakh shares (addition of 3.87 lakh shares on Monday);
implying stock will find support in zone of 398-406 levels.

ONGC: on options front CE writers saw accumulation at 430 and 440 levels, with total OI 4.5 and 7.4 lakh shares (addition of
2.3 and 2.7 lakh shares on Monday); implying Stock will find resistance at 434-438 level, in current series. 
HDFCBANK: on options front CE writers saw accumulation at 900 levels, with total OI 8.81 lakh shares (addition of 2.06 lakh
shares on Monday); implying Stock will find resistance at 906-914 level, in current series. 
RELIANCE: on options front CE writers saw accumulation at 940 levels, with total OI 11.4 lakh shares (addition of 3.02 lakh
shares on Monday); implying Stock will find resistance at 954-966 level, in current series. Aditya Birla Money Limited
Cello Triumph, Unit No. 502-503 & 505 | I. B. Patel Road | of f W.E. Highway | Goregaon (East) | Mumbai - 400063 | Tel: +91 22 61802800
Page No: 3
Money Derilook
21 October 2014
Open Interest Gainers
Long Buildup
Scrip
Price
Price change
% Price Change
% OI Change
% Delivery
AXISBANK
419.5
16.5
4.1
14.1
36.6
ANDHRABANK
75.5
3.5
4.9
7.6
24.0
PNB
955.0
37.2
4.1
6.2
35.2
ZEEL
329.9
7.8
2.4
5.9
69.8
PETRONET
194.0
6.8
3.6
5.3
57.1
Source: NSE
Short Buildup
Scrip
Price
Price change
% Price Change
% OI Change
% Delivery
CESC
659.3
-15.7
-2.3
10.0
58.3
EXIDEIND
158.9
-6.0
-3.6
9.0
30.2
WIPRO
558.4
-9.3
-1.6
5.6
62.9
CROMPGREAV
189.6
-2.2
-1.1
2.6
29.6
JINDALSTEL
136.0
-12.6
-8.4
2.5
16.5
Source: NSE
Open Interest Losers
Short Covering
Scrip
Price
Price change
% Price Change
% OI Change
% Delivery
ONGC
419.0
19.6
4.9
-10.9
64.7
VOLTAS
233.2
2.8
1.2
-10.4
36.3
HINDALCO
146.8
6.5
4.6
-9.1
46.8
SIEMENS
827.5
30.8
3.9
-9.0
35.2
BHARATFORG
767.7
11.4
1.5
-7.7
34.2
Source: NSE
Long Unwinding
Scrip
Price
Price change
% Price Change
% OI Change
% Delivery
IBREALEST
64.8
-3.3
-4.8
-1.4
42.3
Source: NSE
Aditya Birla Money Limited
Cello Triumph, Unit No. 502-503 & 505 | I. B. Patel Road | of f W.E. Highway | Goregaon (East) | Mumbai - 400063 | Tel: +91 22 61802800
Page No: 4
Money Derilook
21 October 2014
Research Team
Vivek Mahajan
Hemant Thukral
Head of Research
Head – Derivatives Desk
022-61802820
022-61802870
[email protected]
[email protected]
Fundamental Team
Sunny Agrawal
FMCG/Cement/Mid Caps
022-61802831
[email protected]
Shreyans Mehta
Construction/Real Estate
022-61802829
[email protected]
Pradeep Parkar
Database Analyst
022-61802839
[email protected]
Sudeep Shah
Sr. Technical Analyst
022-61802837
[email protected]
Rahil Vora
Technical Analyst
022-61802834
[email protected]
Soni Patnaik
Derivative Analyst
022-61802832
[email protected]
Suresh Gardas
Advisory Desk
022-61802835
[email protected]
Mohan Jaiswal
Executive – Research Support
022-61802838
[email protected]
Quantitative Team
Advisory Support
ABML research is also accessible in Bloomberg at ABMR
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Money Derilook
21 October 2014
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