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Post a negative start, the index took very good support near 7600 levels. From there it witnessed good momen-
tum. Banking, metals & few other heavyweights supported the market and it ended after adding 17 points. The pre-
mium declined and settled at 5 points. India VIX increased 0.85% and settled at 15.09


FIIs bought 574 crore while DIIs sold 283 crore in the cash segment. FIIs sold 375 crore in index futures and
bought 481 crore in index options. In stock futures, they bought 318 crore


The highest Put base stands at the 7500 strike with over 69 lakh shares. The highest Call base stands at the 8000
strike with over 82 lakh shares. The 7600 and 7700 Call strikes have seen reduction of 2.10 and 1.03 lakh shares,
respectively. On the Put side, 7700, 7600 and 7500 strikes have seen addition of 5.70, 7.33 and 1.43 shares, respec-
tively

NIFTY SNAPSHOT & PIVOT POINTS
SPOT FUTURE
COST OF
CARRY
TOTAL FUT OI PCR OI PCR VOL ATM IV
CURRENT 7664 7669 2 16759500 0.87 1.06 14.15
PREVIOUS 7640 7659 6.24 16492000 0.82 0.88 14.04
CHANGE(%) 0.31% 0.14% - 1.62% - - -
PIVOT LEVELS S3 S2 S1 PIVOT R1 R2 R3
NIFTY FUTURE 7442 7546 7608 7650 7712 7754 7858
F&O HIGHLIGHTS
INDEX OUTLOOK
Nifty Future: The Nifty is likely to open gap up on the back of strong global cues. It is likely to trade in the range
of 7640-7740. The trading strategy would be to create shorts near 7720-7725 for targets of 7690 and 7670. On the
other hand, one can enter longs if the index finds support near 7640

Bank Nifty Future: Any sustainable move above 15500 levels would take the index towards 15700-15800. Sup-
ports can be seen near 15250
After violating the support of its 20-DMA last week, index bounced back and regained control above the same.
However, as seen in the month of June, 7650-7700 appears to be a difficult zone for the index to surpass. So it
will be a big challenge for Nifty to do so this time around also. Fresh upmove is likely once Nifty breaks past
7700 and sustains above the same. Till then, expect index to go through painful consolidation between 7450-
7700.
Nifty staged a smart pull back in initial part of the week. This was partly on account of short covering and heavy
cash side buying. In OI side we didn't see much of addition during the week. Suggesting that the recent up move
could be restricted. PUT OI has been on surge during the week taking the PCR OI ratio back to higher seventy
MARKET ROUNDUP


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INTRADAY STRATEGY
i) AXIS BANK LTD(AXIS BANK)
ii) HINDUSTAN PETROLEUM CORPORATION LTD
(HINDPETRO)
Buy AXIS BANK July fut in range of 2020-2025 Sell HINDPETRO july fut in the range of 393-392
View : Bullish View :Bearish
Strategy : Buy Future Strategy : Sell Future
Target 2035: Target 2 : 2045 Target 1 : 389.50 Target 2 : 387
Stop loss : 2010 Stop loss : 395.50
Market Lot : 250 CMP : 2005.10 Market Lot : 1000 CMP : 396.35
STOCK ANALYSIS
OPEN INTEREST ACTIVITY
LONG BUILD UP SHORT BUILD UP
SYMBOL OI (LOTS)
%
CHNG
PRICE %CHNG SYMBOL
OI
(LOTS)
%CHNG PRICE %CHNG
TCS 3065250 3.5 2407.05 0.9 REC LTD 5563000 14.4 314.85 3.6
ICICI BANK 10584750 3.1 1480.10 2.0 BHEL 33528000 5.6 238.00 2.2
WIPRO 6290000 2.7 544.10 1.8 ARVIND 6554000 2.4 228.95 0.3
IDFC 83510000 2.4 164.75 3.0 SBI 4311500 0.4 2570.50 1.3
ADANI ENT 9185000 1.3 454.90 0.7 HINDPETRO 6200000 0.3 396.35 3.2
OI addition : We saw long build-up in Asian paint,Petronet, Exid ind,Ktkbank and Axisbank
while short build up was seen in Rec ltd,Bhel, Dabur, Arvind, Hdil and Gail

OI Shedding : We saw short covering in Nmdc,Dish tv,Adani port,Yesbank and Lt while long
closure was seen in Bata india, Tatamotors, Maruti, Relcapital and Canara bank



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F&O TURNOVER
INSTRUMENT NO. OF CONTRACTS TURNOVER(CR) PERCENTAGE CHANGE
INDEX FUTURES 431877 16539.52 -
STOCK FUTURES 765500 30413.85 -
INDEX OPTIONS 3846697 147033.84 1.05
STOCK OPTIONS 374472 14650.85 0.50
F&O TOTAL 5418551 208638.49 0.99
NIFTY OPTION OI DISTRIBUTION
0
1000000
2000000
3000000
4000000
5000000
6000000
7000000
8000000
7900 7800 7700 7600 7500 7400 7300 7200 7100 7000 6900
O
p
e
n

I
n
t
e
r
e
s
t
Strike Price
OI Concentration Chart
Call OI (APR) Put OI (APR)


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Instrument
Type
Symbol Expiry
Date
Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Traded
Value
(Lakhs)
OPTSTK
TCS
31JUL2014 CE 2,500 16.20 9,869 31,118.68
OPTSTK
SBIN
31JUL2014 CE 2,600 39.00 9,286 30,684.31
OPTSTK
SBIN
31JUL2014 CE 2,700 18.00 4,694 15,938.30
OPTSTK
IDFC
31JUL2014 CE 160 7.70 4,296 14,273.89
OPTSTK RELIANCE 31JUL2014 CE 1,000 12.00 4,023 10,187.34
MOST ACTIVE CALLS
MOST ACTIVE PUTS
Instrument
Type
Symbol Expiry
Date
Option
Type
Strike
Price
LTP Traded
Volume
(Contracts)
Traded
Value
(Lakhs)
OPTSTK

TCS
31JUL2014 PE 2,400 40.10 6,545 19,925.19
OPTSTK

SBIN
31JUL2014 PE 2,500 27.50 4,336 13,699.86
OPTSTK

IDFC
31JUL2014 PE 150 1.10 2,267 6,867.20
OPTSTK

TCS
31JUL2014 PE 2,250 6.60 2,247 6,336.12
OPTSTK TATASTEEL 31JUL2014 PE 550 7.70 1,826 10,209.90

DERIVATIVE
PRODUCT
BUY SELL OPEN INTEREST AT THE
END OF THE DATE
NO.OF
CONTRACTS
AMOUNT
IN CRORES
NO.OF
COTRACTS
AMOUNT
IN CRORES
NO. OF
CONTRACTS
AMOUNT
IN CRORES
INDEX FUTURE
61531 2350.2 47895 1830.2 344074 13170
INDEX OPTION
272731 10404.28 255713 9772.48 1726567 6595
STOCK FUTURE
105162 3877.61 103857 3762.58 1546356 56469
STOCK OPTION
71109 2716.33 69561 2652.12 119270 4449


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