SBICAP Securities Limited 1

Nifty fut opened on positive note. The market remained ranged bounded with stock specific momentum, but recovered in late afternoon session. Nifty Fut consololidated in nerrow range for major part of the day and surged in last half an hour of trade to close the session at days high, gaining 33 points. Nifty Feb contract premium increased to 18 points to cash. India VIX (volatility index) decreased by 4.98% to 15.83 Banknifty Feb Fut closed at 10342.4, up by 105 points and shed 0.42L

shares in OI shows unwinding of some short positions. Nifty call side shed total 3L in OI, 5800, 5900, 6000 and 6100 strike

shed OI of 18L shows unsinding of some short positions, while 6200, and above strike add OI shows addition of some short positions. Nifty Feb Put side add total 14L in OI, 6200,6100 and 6000 strike add

OI of 13L shares, shows addition of some long positions, while 5900 and 5700 shed OI shows unwinding of short positions. Maximum OI build up in Nifty Feb call observed to 6200 strike and put

side at 6000 strike price followed by 5900 strike price. Stock Futures OI increased by 1.45Cr. Shares, about 1.88% of total OI

with increase in average CoC (cost of Carry) shows addition of some long positions. Among sectoral indices, Power, Finance and Pharma stocks led the

recovery in the market, while Telecom, Realty and Metals stocks closed negative. Major Gainers: TATAPOWER, DRREDDY, ICICIBANK,

HEROMOTOCO, IDFC and LUPIN in frontline. Major Losers: NMDC, COALINDIA, DLF, HINDALCO, RELIANCE,

BHEL, and BANKBARODA in frontline Market Outlook Nifty fut expected to open flat to negative following mixed global market cues. Nifty fut may open around 6090 level as indicated by SGXNifty. Nifty fut may trade widely in the range of 6040 6130 with higher degree of swinging action. Nifty fut Resistance at 6110 6125 and support at 6055-6040. As stated earlier, If Nifty Fut sustained above 6080, possiblity of rally up to 6130 and 6180, on the other side, failing to hold 6040 level, possiblity Nifty fut to drag again up to 5990 and 5965 may not be niglacted..

Nifty Most Active Call

Strike Close No.Of Lots OI OI Chng

6100 50.1 465769 4849950 668006200 15.75 318621 6561100 2337006300 3.55 193293 4875450 -2171506000 114.4 134631 3077100 -2597006400 1.05 70551 2940650 -621006150 29.45 47737 1041150 275250

Nifty Most Active Put Strike Close No.Of Lots OI OI Chng

6000 27.1 411729 10015300 12998006100 61.15 270931 3965500 3835005900 11.05 265133 5780150 -4011505800 4.3 163777 5083300 2653005700 1.95 98066 3584100 -5848505600 1.05 43100 2028200 -78250

Most Active Call ( by no. of contracts)

Symbol StrikePri.Closing

Pri No.of LotsChangein OI

TATAMOTORS 390 6.75 2845 232000RELIANCE 820 8.65 2760 166250TCS 2200 20.9 2683 4500RELIANCE 840 3.15 2662 217000ICICIBANK 1000 26.15 2439 -78250DLF 150 1.45 2104 188000MCDOWELL-N 2400 24.15 2091 11125AXISBANK 1150 11.6 1670 -16000M&M 920 22.3 1593 -22750INFY 3700 23.25 1568 -250

Most Active Put ( by no. of contracts)

Symbol Strike Pri.Closing

Pri No.Of LotsChange in OI

MCDOWELL-N 2300 41.45 2349 11625TATAMOTORS 380 4.55 2324 88000TATASTEEL 370 6.05 1818 170000RELIANCE 800 5.8 1775 15500TCS 2150 23.45 1747 5250ICICIBANK 980 8.95 1545 61000DLF 140 3.15 1522 132000AXISBANK 1100 16.45 1232 -10000INFY 3600 14.6 1128 22125RCOM 120 4.05 980 -234000

Key Parameters Current Previous

Cash Closing 6073.20 6048.35Jan Future Closing 6091.20 6058.00Traded Vol. (Cntrcts) 167030 227135Open Interest ( in Lk.) 162.54 162.05Change in OI (Lk.) 0.49 -4.51CoC % 11.95 4.85Feb Future Closing 6123.85 6091.70Traded Vol. (Cntrcts) 11584 11851Open Interest ( in Lk.) 18.90 17.38Volatility (HV) % 15.71 15.98PCR OI 1.09 1.07PCR Vol 1.05 1.04Call IV (Avg) 14.47 14.71Put IV (Avg) 17.36 17.17

0.01

2.60

0.67

2.34

2.17

0.62

0.87

0.00

0.39

1.09

0.78

4.13

2.65

4.01

13.00

3.84

3.13

0.01

0.16

0.12

10

5

0

5

10

15

5350

5400

5500

5600

5700

5800

5900

6000

6100

6200

6300

6400

6500

OpenInterest

inLk.

NiftyChangeinOptionOpen Interestason170214

Call Put

Feb 18, 2014

SBICAP Securities Limited 2

Positive Trend

ADANIPOWER 34.35 3.93 104000 0.37

M&M 932.1 3.14 141750 7.05

JPPOWER 14.05 2.93 260000 1.00

AUROPHARMA 505.95 2.72 984000 7.55

ADANIPORTS 151.35 2.58 44000 1.06

OI %ChgScrip Price OI Chng

%Chg

Negative Trend

TATACOMM 280.85 -9.55 180000 3.55

CROMPGREAV 118.5 -3.85 880000 10.24

RCOM 118.45 -3.15 2238000 4.98

SAIL 58.35 -1.40 440000 1.66

ASHOKLEY 15.45 -0.30 1530000 3.55

OI %Chg

Scrip Price OI Chng%Chg

0.51

0.36

0.11

0.05

0.19 0.32 0.70

0.72 1.14

1.30

1.30 1.49 1.76 1.95

2.09 2.18

2.30 2

.83

3.95

110112233445

Banking

Infrastructure

FMCG

Oil_Gas

Finance

Power

Metals

Technology

Index

Others

Telecom

Automobile

Realty

Media

Pharma

Fertilisers

Cement

Textile

Capital_Goods

%ch

ngin

OI

SectorwiseChanginOIPositionon170214

Derivative Strategy Rcom Buy 1 lot of 120 Put @ 3.8 - 3.9 Rcom Sell 1 lot of 115 Put @ 1.8 - 1.9 Initial Margin : aprox Rs.37044 Max Profit Rs.6000 Max loss Rs.4000 BEP : 118

Future Calls Buy ZEEL Fut @ 260 SL 257 Trgt 266 Sell CROMPGREAV Fut @ 119 SL 122.5 Trgt 114

Options Calls Buy M&M 920 CE @ 22 SL 20 Trgt 26 Buy ICICIBANK 1000 CE@ 25 SL 22 Trgt 29 Buy TATASTEEL 370 CE @ 10.5 SL 7.9 Trgt 14

Payoff Profile

SBICAP Securities Limited 3

Name Designation

Alpesh Porwal SVP & Head (Retail)

Ashu Bagri Dy. Head - Technical Analyst

Jaldeep Vaishnav Derivatives Analyst

Regd. Office: SBICAP Securities Limited 191, Maker Towers 'F', Cuffe Parade, Mumbai 400 005. I Tel.: 91-22-30273300 (Board) Fax: (022) 30273420

Corporate Office: SBICAP Securities Limited

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