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    Kunvarji - Derivative Desk Research Report FNL

    Uploaded by

    Ravi Diyora

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Kunvarji - Derivative Desk Research Report FNL

    Uploaded by

    Ravi Diyora
    16 views3 pages

    Original Title

    Kunvarji_Derivative Desk research report fnl (16)

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    16 views3 pages

    Kunvarji - Derivative Desk Research Report FNL

    Uploaded by

    Ravi Diyora

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    Daily Market Coverage

    Derivatives
    June 12, 2024
    NIFTY FUT– 23,310.0| S1 – 23,168.0| S2 – 23,047.0| R1 – 23,452.0| R2 – 23,520.0
    22,229| S2 – 22,175| R1 – 22,465.0| R2 – 22,548.0
    Couple of Doji candles have seen
    post green candles with average
    trading volumes, indicates
    consolidation on daily chart. Nifty
    Future has closed above 7, 14 and
    21 DMA that seen at 23047, 22898
    and 22810 levels. Nifty has
    resistance at 23452 levels while
    support seen at 23168 levels.

    NIFTY BANK FUT–49,769.0| S1 – 49,380| S2 – 49,135| R1 – 50,025| R2 – 50,338

    Couple of Doji candles have seen


    post green candles with average
    trading volumes, indicates
    consolidation on daily chart. Nifty
    Bank future has closed above 7, 14
    and 21 DMA that seen at 48943,
    48728 and 48602 levels. Nifty Bank
    has resistance at 50025 levels
    while support seen at 49380 levels.

    INDEX DERIVATIVE IDEAS

    Entry Target
    Securities Strike Price Buy/Sell Option Type Expiry Stop Loss
    Level Price
    NIFTY 23300.0 BUY CE 13th June 24 68.0 14.0 170.0

    NIFTY BANK 49700.0 BUY CE 19th June 24 360.0 111.0 580.0

    STOCK DERIVATIVE IDEAS

    Entry Target
    Indices Strike Price Buy/Sell Option Type Expiry Stop Loss
    Level Price

    HCLTECH 1440.0 BUY CE June’2024 21.0 8.0 45.0

    ONGC 270.0 BUY CE June’2024 7.0 3.1 16.0


    Daily Market Coverage
    Derivatives

    NIFTY – CHANGE IN OPEN INTEREST SNAPSHOT

     The Put / Call ratio of Nifty has moved higher and reached to 0.89 from 0.82 levels.
     As per data, PUT writing has seen and major open interest has added on 23200 PE option, along
    with that major OI addition seen on 23100 PE option.

    NIFTYBANK – CHANGE IN OPEN INTEREST SNAPSHOT

     The Put / Call ratio of Nifty Bank has moved higher and reached to 0.78 from 0.68 levels.
     As per the data, PUT writing has seen and major open interest has seen added on 49500 PE
    option strike while open interest build up seen in 49000 PE Option.
    Daily Market Coverage
    Derivatives

    STOCK FUTURE – OPEN INTEREST SNAPSHOT


    Long build up
    Script Price (%) Change Total OI Change in OI (%)
    SUNTV 755.7 3.88 4004 25.13
    GMRINFRA 91.2 4.59 22967 16.82

    Short build up
    Script Price (%) Change Total OI Change in OI (%)
    INDIGO 4374.1 -4.32 26405 50.46
    HINDCOPPER 329.3 -2.42 13523 15.73

    Commentary
    Long - Unwinding
    Script Price (%) Change Total OI Change in OI (%)
    INDIACEM 215.9 -1.42 9159 -3.10
    UBL 2145.5 -0.40 4510 -1.83

    Short – Covering
    Script Price (%) Change Total OI Change in OI (%)
    BHEL 297.2 4.12 26259 -3.38
    CUMMINS IND 3583.6 0.91 14389 -2.40

    B-Wing, Siddhivinayak Towers,


    Nr D.A.V School, Next to Kataria House, Off S.G. Highway, Makarba, Ahmedabad – 380051

    DISCLAIMER
    This document is for private circulation and information purposes only and should not be regarded as an investment,
    taxation or legal advice. Investors should seek financial advice regarding the appropriateness of investing in any
    securities or investment strategies discussed or recommended in this publication and should understand that
    statements regarding future prospects may not be realized. In no circumstances it be used or considered as an offer to
    sale or a solicitation of any offer to buy or sell the securities mentioned in it. We and our affiliates, officers, directors and
    employees 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 an advisor or lender or borrower to such
    company or have other potential conflict of interest with respect to any recommendation and related information and
    opinions. The information contained in this publication may have been taken from trade and statistical services and
    other sources, which we believe are reliable. Kunvarji does not guarantee that such information is accurate or complete
    and it should not be relied upon as such. Any opinion expressed reflects judgments at this date and are subject to
    change without notice. 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. For more information on Research, mail us at: research@kunvarji.com

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