June 7, 2024

Daily Derivatives Daily Derivatives

(Trade setup
Stock Code Strategy Action Stop Target Risk / Reward

NO CALL

Key Market Indicators Market

Pickcontinues
of The Day to recover as Nifty marches towards 23000 .
Stock Code 05-June 06-June
Strategy % Chg. Action Cmp Stop Target
Nifty (Spot) 22620.35 22821.40 0.89
 Nifty on the weekly expiry traded sideways with a bullish bias as
Bank Nifty
49054.60 49291.90 0.48
it continued the recovery and closed above 22800 levels. Going
(Spot)
Nifty into today, view on the index would be positive, any declines up
22642.90 22899.50 1.13
(Future)
to 22300 can be seen as a buying opportunity while on the higher
Basis 22.55 78.10 -
side, 23000 is expected to act as an immediate hurdle. A break
Nifty OI 14.05 14.67 4.40
Nifty PCR 0.75 0.81
out above the same, should lead to fresh bullish momentum .
B Nifty OI 3.12 2.91 -6.73  Nifty Futures witnessed a long build to the tune of 4.40% with an
Bank PCR 0.82 0.71 increase in OI. PCR surged from 0.75 to 0.81 levels. According to
Nifty Vol 42.32 33.36 -21.18 the options data, the highest OI in terms of call writing can be
India Vix 18.89 16.80 -11.06 seen at the 23000 strikes, indicating resistance, while put writing
NIFTY 50
Ad/Dec
48/2 38/12 - at the 22500 strike makes it support.
F&O 180/2 142/39 -  Bank Nifty traded sideways within a narrow range and closed
around 49300 levels. Going into today, 48000-51000 can be
Market Wide OI (INR In MN)
expected to act as the wider range for the index. Any corrections
05-June 06-June % Chg.
IDX –
up to 48000 can be seen as buying opportunity while a breakout
3,18,417 3,36,203 5.59
Nifty above 50000 shall lead to an intensified buying.
IDX -
Others
1,71,490 1,62,826 -5.05
 Bank Nifty Futures witnessed a short covering to the tune of -
Stock Fut. 35,44,393 36,72,429 3.61 6.73% with a decrease in OI. PCR declined from 0.82 to 0.71
Nifty Opt. 88,95,037 1,17,87,005 32.51
Other –
levels. According to options data, heavy call writing were seen at
81,60,483 38,54,925 -52.76
Opt. 50000 strikes, indicating resistance, while the 49000 strike
Stock
23,62,584 25,53,970 8.10 witnessed the highest OI in terms of put writing, indicating
Opt.
Total 2,34,52,405 2,23,67,358 -4.63 support.
FII as % of Mkt Wide OI (INR. MN)
 Stocks in F&O Ban - ZEEL.
%
Mkt OI FII OI
Chg

Index Fut. 499029 142263 29%

Index Opt. 15641930 1173582 8%
Stock Fut. 3672429 1407276 38% FII Statistics
Stock Opt. 2553970 209871 8%
Total 22367358 2932992 13% 05-June 06-June

(INR Cr.) BUY SELL NET BUY SELL NET

Nifty futures Pivot levels
IDX Future 16607 14096 2510.76 8487 6921 1566.36
Support 22736
IDX Option 4260901 4216920 43981.31 2993246 3001587 -8341.63
Pivot 22855 57201 55310 1890.82 37222 41768 -4545.82
STK Future
Resistance 23018 STK Option 69480 70471 -991.36 63744 63489 254.77
Total 4404189 4356797 47392 3102698 3113764 -11066
Nifty Technical Indicators

10 DEMA 22639
20 DEMA 22589
50 DSMA 22453
200 DSMA 21127

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Daily Derivatives

Options Statistics

Month Maximum Call OI Maximum Put OI Max OI (Call + Put)

May 24000-23000-23500 22000-22800-22500 22800-23000-24000

Total NIFTY Call OI Shares Total NIFTY Put OI Shares

05-June 06-June Diff : 05-June 06-June Diff :

22,25,13,950 28,54,19,900 62905950 16,74,35,850 23,07,50,400 63314550

NIFTY OI STRIKE WISE

Call OI Put OI Total OI
30.00

25.00

20.00

OI 15.00
No of Share
In Mn 10.00

5.00

0.00
21800 22000 22200 22400 22600 22800 23000 23200 23400 23600 23800
Strike Price

NIFTY CHANGE IN OI STRIKE WISE

Call OI Put OI Total OI
25.00

20.00

15.00
OI
No of Share
In Mn 10.00

5.00

0.00
21800 22000 22200 22400 22600 22800 23000 23200 23400 23600 23800
-5.00
Strike Price

3
Daily Derivatives

Open Interest Data

Participant wise Future Index OI Participant wise Future Stock OI

Participant Long Short NOI Change Ratio Participant Long Short NOI Change Ratio

CLIENT 475273 266373 208900 -37867 0.64 CLIENT 2015286 175883 1839403 66547 0.92

DII 110407 102061 8346 -879 0.52 DII 158720 2912585 -2753865 -8071 0.05

FII 75079 362505 -287426 24181 0.17 FII 2164751 1611792 552959 -62914 0.57

PRO 142343 72163 70180 14565 0.66 PRO 559173 197670 361503 4438 0.74

Long Built-Up – June Short-Built-Up – June

Price Price
STOCK PRICE OI (MN) OI (%) STOCK PRICE OI (MN) OI (%)
(%) (%)
POWERGRID 302.05 0.68 73134000 14.27 ASIANPAINT 2884.30 -2.01 12052400 7.28
TITAN 3328.40 0.44 8522675 7.39 CIPLA 1480.65 -1.28 10866050 4.69
TCS 3842.15 2.21 18256700 7 NESTLEIND 2479.10 -1.37 5942400 4.49
RELIANCE 2875.55 1.01 41538000 6.73 M&M 2712.40 -1.26 14781900 4.48
LT 3472.35 2.45 15387750 6.16 SUNPHARMA 1476.55 -0.88 16531200 3.35

Short Covering – June Long Un-winding – June

Price Price
STOCK PRICE OI (MN) OI (%) STOCK PRICE OI (MN) OI (%)
(%) (%)
SBILIFE 1445.85 3.73 9412875 -2.66 HINDALCO 679.95 -2.31 41615000 -0.47
WIPRO 463.20 2.42 55032000 -1.78 AXISBANK 1176.90 -0.77 43787500 -0.32
TATASTEEL 172.75 1.8 199562000 -1.19 HEROMOTOCO 5548.65 -2.16 3698700 -0.29
COALINDIA 474.35 2.8 48591900 -0.95
NTPC 350.95 2.75 97927500 -0.81

4
Daily Derivatives

Head Technical & Derivatives

Brijesh Ail [email protected]

Derivative Analyst
Kshitija Salvi [email protected]
Shantanu Vartak [email protected]

IDBI Capital Markets & Securities Ltd. (A wholly owned subsidiary of IDBI Bank Ltd.)

Retail Research Desk

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