Weekly Futures Report

Weekly Derivative Futures Roundup for the week ended August 25, 2015

August 25, 2015

Key Actionable (details below):

Bullish View on Amar raja Bat
Bearish View on Srtansport

Nifty futures basis is on the higher side compared to last series as volatility in the market has increased from last 3 sessions. Market
has felled with consecutive gaps, which increased IV compared to last series. In coming session if Nifty sustains above 7700 level then
traders could see positive momentum, which could lead Nifty to 8000 level followed 8050 level. If Nifty trades & sustains below 7800
level then traders could see continuation of negative trend, which could lead Nifty to 7700 followed by 7630 level.
Overall Market review:
For the week ended August 25, 2015, Nifty August Futures closed down by 573 points or 7.25%. Among sectoral indices, Bank Nifty
th
Future was the largest sector loser, which fell by 9.05% followed by CNX IT future, which also fell by 6.79%. The week ended 25
August saw total turnover rose by 60.32. In this Index futures segment saw turnover rose by 66.63% followed by Stock Futures
segment. The total number of contracts traded was also up by 75.16%.

Indices Snapshot
Index

As on 250815

As on 180815

Change (Abs)

% Change

Nifty Futures

7907

8480

-573

-7.25%

Bank Nifty Futures

17249

18810

-1561

-9.05%

CNX IT Futures

11400

12174

-774

-6.79%

Turnover (in ` .
crores)

% Change
W-o-W

% Change in Volumes & Turnover for the week ended 250815

Index

No. of Contracts
(in Lakhs)

Index Futures

60.98

87.23%

147278.8

66.63%

Stock Futures

85.31

67.44%

225864.2

56.46%

Total

146.29

75.16%

373143

60.32%

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% Chang

W-o-W

Weekly Futures Report

Stocks witnessing Accumulation

Company

Stocks witnessing Short covering

OI

Price

Rise in Open Interest and Increase in Price

44.14
10.51
Amar Raja Bat
IDEA
39.78
3.51
GAIL
28.09
3.63
Stocks with a Negative Bias

Company

Company

OI

Price

Fall in Open Interest and Increase in Price

-7.43
0.78
-2.73
6.17
-2.25
1.65

Bank of India
IFCI
ALBK

Stocks witnessing Squaring up of Long Positions

OI

Price

Rise in Open Interest and Decrease in Price

36.15
-0.74
SRTARNS
Divis Lab
32.86
-1.78
27.67
-1.36
HDFC

Company

OI

Price

Fall in Open Interest and Decrease in Price

Rel Cap

-0.17

-0.35

Top Gainers and Losers over the week

Major Gainers

% Price Change

Major Losers

% Price Change

Bank of Baroda

16.23

KSCL

-33.87

Canara Bank

11.22

Amtek Auto

-19.34

Bank India

9.75

VEDL

-17.84

Amara Bat

9.41

Jain Irrigation

-16.03

PNB

8.63

Hindalco

-15.91

Highest Cost of Carry (as on August 25, 2015):

Scrip

Cash Price

Fut Price

Basis

CoC

INDIACEM

70.50

71.00

0.50

129.43

JUSTDIAL

791.60

797.00

5.40

124.49

BHARATFORG

1,163.20

1,170.00

6.80

106.69

OIL

435.10

437.45

2.35

98.57

IDBI

56.10

56.40

0.30

97.59

Scrip

Cash Price

Fut Price

Basis

CoC

IOB

35.80

34.35

-1.45

-739.18

GODREJIND

362.00

349.00

-13.00

-655.39

RELINFRA

311.00

304.20

-6.80

-399.04

M&MFIN

256.80

252.20

-4.60

-326.91

SAIL

51.55

50.65

-0.90

-318.62

Lowest Cost of Carry (as on August 25, 2015):

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Weekly Futures Report

Sectoral Analysis (as on August 24, 2015):

Sector

Price Future

^ Price Future
%

Futures OI

^ Futures OI
% Change

Futures
Volume

^ Futures
Volumes %
Change

Technology

1,412.70

-6.50

48,122,280,906

-1.04

44,347,518,688

110.71

FMCG

811.43

-7.23

35,796,999,325

-3.33

30,539,011,688

110.38

Capital_Goods

700.86

-9.60

25,189,779,375

-3.76

25,494,511,775

76.00

Telecom

228.81

-9.43

16,179,820,650

-4.53

18,353,268,450

138.98

Cement

1,584.17

-7.57

13,560,144,213

-4.73

10,465,356,463

73.50

Banking

262.38

-10.68

135,153,313,225

-8.36

136,186,472,225

58.83

Finance

754.71

-9.70

49,789,986,069

-8.62

38,873,822,644

79.76

Automobile

5,243.61

-9.52

82,301,659,113

-9.78

89,964,346,075

73.65

Oil_Gas

446.36

-8.64

62,124,540,150

-10.05

57,938,674,513

166.52

Metals

195.06

-9.35

34,521,734,800

-10.48

23,909,334,850

73.04

Pharma

1,434.09

-9.85

58,534,614,625

-11.76

61,724,986,663

67.90

Media

251.43

-10.09

8,413,540,000

-12.45

7,536,431,150

39.55

Power

126.16

-11.66

21,053,213,625

-12.65

15,567,228,150

108.72

Infrastructure

133.05

-13.50

4,276,440,100

-14.40

2,940,285,350

60.36

Fertilisers

440.60

-10.43

5,259,913,725

-17.02

4,427,429,150

84.64

Textile

3,398.82

-12.61

8,747,905,869

-19.50

11,243,109,944

31.05

Realty

43.22

-15.88

9,336,182,400

-20.29

10,042,618,600

41.56

^ Number of shares

Technology & FMCG sectors saw buildup of short positions.

Outlook for the next week:

Markets ended in negative for the week. The Nifty OI PCR is currently at 0.80 which is at the oversold territory level which
suggests market may bounce from this level. Currently IV is trading near 36.20. Nifty 7800 August Put (near the strike
price) shows maximum OI outstanding and its OI also continuously increasing suggesting support around this level. Nifty
8000 August Call followed by 8100 August has the maximum buildup of OI, which suggest traders could expect market
range between 7800 to 8100 level. If in coming sessions Nifty trades & sustains above 7800 level then traders could
expect trend reversal in Nifty.

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Technical & Derivative Research Analyst: Siddharth Deshpande (Siddharth.deshpande@hdfcsec.com)

RETAIL RESEARCH Tel: (022) 3075 3400 Fax: (022) 2496 5066 Corporate Office
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Kanjurmarg (East), Mumbai 400 042 Phone: (022) 3075 3400 Fax: (022) 2496 5066 Website: www.hdfcsec.com Email:
hdfcsecretailresearch@hdfcsec.com
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