Institution Derivatives | INDIA |
| ||
11/04/2011 MANDATEVolatility Remains... The Nifty opened on a positive note soon made a day-high of 5927 thereafter selling pressure set-in in heavy weight stocks which bought the index down to a low of 5822 and finally end the day @ 5842 down by 0.8%. The index traded in a range of 105 points during the day. The Nifty futures were at premium 13 points towards close. Major contributors to the gains within the index were BHARTIARTL, ITC, LT, CAIRN, GRASIM while TATAMOTORS, HINDALCO, SBIN, INFOSYSTCH, ICICIBANK contributed negatively. Among the sectoral indices major losers were (Chg %):REALTY(-2.5);AUTO(-1.9);CD(-1.5);PSU(-1.4);OIL&GAS(-1.3). Below average volumes of Rs 962bn were observed in the derivatives segment. The market-wide open interest is at Rs 1282bn up by 2% and Futures Open Interest at Rs 508bn down by 0.6%. NIFTY Option’s Open Interest Distribution: APR-2011 Substantially high put option open interest buildup is at 5700-5800 strikes with 129k+ & 108k+ contracts each. Maximum call option open interest buildup is at 6000 – 5900 with 145k+ & 128k+ contracts respectively. Fresh Put options added position by 18k+ contracts at the 5700 strikes each. Fresh Call options added position by 15k+ contracts at the 6000 strikes. Put options reduced position by 9k+ contracts at the 5900 strikes. Technically, resistance is seen around 5940-6020 levels and support around 5800-5750. Quick Links: F Today Board Meetings, Securities in Ban Period, NEW LISTING.#Max Futures Open Interest Increase :- BAJAJHLDNG,HINDOILEXP,OIL,ESSAROIL,ONMOBILE,ANDHRABANK,INDIANB,AUROPHARMA,HINDALCO,NTPC # Top Non-Nifty OI (Px% OI%):- BAJAJHLDNG : -5,25 HINDOILEXP : 2,22 OIL : -3,20 ESSAROIL : 5,18 ONMOBILE : -6,16 Max Delivery Increase :- # Top Non-Nifty Del(px% Del%) :- BAJAJHLDNG : -5,1314 ANDHRABANK : -4,832 SKUMARSYNF : 7,785 HINDOILEXP : 2,733 TATACHEM : -1,728 MANDATE Member-Report Web Links : (If clicking on these links does not open the reports, then copy and paste this link in you web browser) http://research.mfglobal.in/MODE.pdf | |||
|
BAJAJHLDNG : -5,1314 ANDHRABANK : -4,832 SKUMARSYNF : 7,785 HINDOILEXP : 2,733 TATACHEM : -1,728
Institution Derivatives Desk
MF Global Sify Securities India Pvt. Ltd.
No.1, 2nd floor, C-Block, modern Center,
Mahalaxmi , Mumbai 400011
Contact No: 6655 1251
MF Global Sify Securities India Pvt. Ltd. has three independent equity research groups: Institutional Equities, Institutional Equities Derivatives and Private Client Group. This report has been prepared by Institutional Equities Derivatives. The views and opinions expressed in this document may or may not match or may be contrary at times with the views, estimates, rating, target price of the other equity research groups of MF Global Sify Securities India Pvt. Ltd.
This report is issued by MF Global Sify Securities India Pvt. Limited regulated by SEBI. MF Global Sify Securities India Pvt. Ltd. is a subsidiary of MF Global Overseas Ltd. References to "MFGSSIPL" or “Firm” in this report shall mean MF Global Sify Securities India Pvt. Limited unless otherwise stated. The report was prepared and distributed by MFGSSIPL for information purposes only. The report should not be construed as solicitation nor as offering advice for the purposes of the purchase or sale of any security, investment or derivative. The information and opinions contained in the Report were considered by MFGSSIPL to be valid when published. The report also contains information provided to MFGSSIPL by third parties. The source of such information will usually be disclosed in the report. Whilst MFGSSIPL has taken all reasonable steps to ensure that this information is correct, MFGSSIPL does not offer any warranty as to the accuracy or completeness of such information. Any person placing reliance on the report to undertake trading does so entirely at his or her own risk and MFGSSIPL does not accept any liability as a result. Securities and Derivatives markets may be subject to rapid and unexpected price movements and past performance is not necessarily a guide to future performance.
This Document is for private circulation and for information purposes only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. In no circumstances it be used or considered as an offer to sell or a solicitation of any offer to buy or sell the Securities mentioned in it. We and our affiliates, officers, directors, and employees world wide, including persons involved in the preparation or issuance of this material may; (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed herein or act as advisor or lender / borrower to such company(ies) or have other potential conflict of interest with respect to any recommendation and related information and opinions. The same persons may have acted upon the information contained here. The information contained in the research reports may have been taken from trade and statistical services and other sources, which we believe are reliable. MF Global Sify Securities India Pvt. Ltd. or any of its group companies do not guarantee that such information is accurate or complete and it should not be relied upon as such. Any opinions expressed reflect judgments at this date and are subject to change without notice
Important. These disclosures and disclaimers must be read in conjunction with the research report of which it forms part. Receipt and use of the research report is subject to all aspects of these disclosures and disclaimers. Additional information about the issuers and securities discussed in this research report is available on request.
Certifications: The research analyst(s) who prepared this research report hereby certifies that the views expressed in this research report accurately reflect the research analyst’s personal views about all of the subject issuers and/or securities, that the analyst have no known conflict of interest and no part of the research analyst’s compensation was, is or will be, directly or indirectly, related to the specific views or recommendations contained in this research report.
Independence: MF Global Sify Securities India P. Ltd. has not had an investment banking relationship with, and has not received any compensation for investment banking services from, the subject issuers in the past twelve (12) months, and the Firm does not anticipate receiving or intend to seek compensation for investment banking services from the subject issuers in the next three (3) months. The Firm is not a market maker in the securities mentioned in this research report, although it or its affiliates may hold either long or short positions in such securities.
Suitability and Risks: This research report is for informational purposes only and is not tailored to the specific investment objectives, financial situation or particular requirements of any individual recipient hereof. Certain securities may give rise to substantial risks and may not be suitable for certain investors. Each investor must make its own determination as to the appropriateness of any securities referred to in this research report based upon the legal, tax and accounting considerations applicable to such investor and its own investment objectives or strategy, its financial situation and its investing experience. The value of any security may be positively or adversely affected by changes in foreign exchange or interest rates, as well as by other financial, economic or political factors. Past performance is not necessarily indicative of future performance or results.
Sources, Completeness and Accuracy: The material herein is based upon information obtained from sources that the Firm and the research analyst believe to be reliable, but neither the Firm nor the research analyst represents or guarantees that the information contained herein is accurate or complete and it should not be relied upon as such. Opinions expressed herein are current opinions as of the date appearing on this material and are subject to change without notice.
Furthermore, the Firm is under no obligation to update or keep the information current.
Copyright: The copyright in this research report belongs exclusively to the Firm. All rights are reserved. Any unauthorized use or disclosure is prohibited. No reprinting or reproduction, in whole or in part, is permitted without the Firm’s prior consent, except that a recipient may reprint it for internal circulation only and only if it is reprinted in its entirety.
Caution: Risk of loss in trading in can be substantial. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances.
MF Global Sify Securities India Pvt. Limited.
2nd Floor, C-Block, Modern Centre, Mahalaxmi, Mumbai-400 011
DISCLAIMER:
Please be advised that effective 1st May 2009 our email ids have changed. Please note the new email ids and update your records accordingly.
*****************************************************************************************************************************************
This email was sent by MF Global Sify Securities India Pvt. Ltd. (MFGSSIPL) / MF Global Capital India Pvt. Ltd. (MFGCapIPL) / MF Global (India) Pvt. Ltd. (MFGIPL) / MF Global Commodities India Pvt. Ltd. (MFGComIPL) / MF Global Centralised Services India Pvt. Ltd. (MFGCSIPL) / MF Global Capital Services India Pvt. Ltd. (MFGCSIPL) / MF Global Middle East DMCC (MFGME) a member of the MF Global (collectively 'MFG'). For more information please visit our website: http://www.mfglobal.in. This message may contain financial product advice. Any such advice does not take into account your particular financial objectives, situation or needs. Opinions, conclusions and other information expressed in this email are not given or endorsed by us unless otherwise indicated.MFG does not warrant the correctness of any information herein or the appropriateness of any transaction. The contents of this electronic communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to sell or a solicitation to buy any futures contract, option, security, commodity, or derivative including foreign exchange. The information is intended solely for the personal and confidential use of the recipient of this electronic communication. If you are not the intended recipient, you are hereby notified that any use, dissemination, distribution or copying of this communication is strictly prohibited and you are requested to return this message to the sender immediately and delete all copies from your system. All electronic communication may be reviewed by authorized personnel and may be provided to regulatory authorities or others with a legal right to access such information. At various times, MFG or its affiliates may have positions in and effect transactions in securities or other financial instruments referred to herein. Opinions expressed herein are statements only of the date indicated and are not given or endorsed by MFG unless otherwise indicated by an authorized representative. Due to the electronic nature of electronic communication, there is a risk that the information contained in this message has been modified. Consequently, MFG cannot guarantee that messages or attachments are virus free, do not contain malicious code or are compatible with your electronic systems and MFG does not accept liability in respect of viruses, malicious code or any related problems that you may experience. Trading in futures, securities, commodities, options or other derivatives, foreign exchange and OTC products entails significant risks, which must be understood prior to trading and may not be appropriate for all investors. Please contact your Relationship Manager for more information on these risks. Past performance of actual trades or strategies cited herein is not necessarily indicative of future performance. Privacy policy available upon request.
GENERAL ADVICE WARNING:
Please note that any advice given by MFG staff is deemed to be GENERAL advice, as the information or advice given does not take into account your particular objectives, financial situation or needs and MFG will not be held responsible for any losses on such advice. Therefore at all times you should consider the appropriateness of the advice before you act further.
No comments:
Post a Comment