DAILY DERIVATIVE OVERVIEW

DAILY DERIVATIVE
OVERVIEW
April 24, 2023

Derivative Analyst:
Ajit Nayak
Ajit.Nayak@hdfcsec.com
 DAILY DERIVATIVE OVERVIEW

F&O HIGHLIGHTS

LONG UNWINDING IS SEEN IN THE BANK NIFTY FUTURES

ACCUMULATE LONGS ON DECLINE WITH SL OF 17500 LEVELS.

 Nifty ended exactly flat on April 21 after recovering from morning weakness. At close, Nifty was down 0.40 points at 17624.05..

 Minor short build up is seen in the Nifty Futures where Open Interest rose by 0.47% with Nifty closed marginally lower by 0.40 points on Friday.

 On the other hand, Long unwinding is seen in the Bank Nifty Futures, where Open Interest fell by 0.54% with Bank Nifty falling by 0.36%.

 Nifty Open Interest Put Call ratio fell to 0.93 levels from 1.01 levels. Amongst the Nifty options (27-Apr Expiry), Call writing is seen at 17700-17800 levels,
Indicating Nifty is likely to find strong resistance in the vicinity of 17700 - 17800 levels. On the lower side, an immediate support is seen in the vicinity of
17600-17900 levels where we have seen Put writing .

 Long build up is seen by FIIs’ in the Index Futures segment where they net bought worth Rs 105 Cr with their Open Interest going up by 7573 contracts.

INDEX EXPECTED TREND CMP BUY/SELL STOP LOSS TARGET

NIFTY FUT UP 17657.30 BUY AROUND 17650 17550 17800
BANK NIFTY FUT UP 42145.95 BUY AROUND 42150 41800 42600
 DAILY DERIVATIVE OVERVIEW

F&O SNAPSHOT
21 Apr 23 20 Apr 23 Absolute Change % Change
NIFTY 17624.05 17624.45 -0.40 0.00
NIFTY FUTURE APR 17657.30 17655.80 1.50 0.01
PREMIUM/(DISCOUNT) 33.25 31.35 1.90 N.A.
NIFTY FUT OI (Num. of Shares Cr.) 1.12 1.12 0.01 0.47
NIFTY OI PCR (Overall) 0.93 1.01 -0.08 -7.69
INDIA VIX(%) 11.63 11.94 -0.31 -2.60
BANKNIFTY 42118.00 42269.50 -151.50 -0.36
BANKNIFTY FUTURE APR 42145.95 42276.45 -130.50 -0.31
BANKNIFTY FUT OI (Num. of shares Cr) 0.30 0.30 0.00 -0.54
STOCK FUT OI in Num. of Shares (Cr) 529.05 517.05 12.00 2.32
STOCK FUT OI (Rs Cr) 201709 200074 1635 0.82
 DAILY DERIVATIVE OVERVIEW

NIFTY MONTHLY (27-APR) OPTION OPEN INTEREST DISTRIBUTION

18000 CALL\ PUT

16000
14000
OPEN INTEREST IN'000

12000
10000
8000
6000
4000
2000
0
17100 17200 17300 17400 17500 17600 17700 17800 17900 18000 18100 18200 18300 18400 18500
Strike Price
 DAILY DERIVATIVE OVERVIEW

FII ACTIVITY ON 21 APR 2023

BUY SELL NET OPEN INTEREST
Value Value Value
Contracts Contracts (Rs Cr) Contracts
(Rs Cr) (Rs Cr) (Rs Cr)
Index Futures 34107 3164 32554 3060 105 147455 13853
Nifty Futures 25126 2219 21586 1905 314 99047 8750
Bank nifty Futures 8931 942 10913 1151 -209 48405 5102
Index Options 8839564 859657 8881149 863552 -3896 2969258 271050
Nifty Options 2565651 227239 2537626 224658 2580 2061148 181629
Bank nifty Options 5256884 555897 5312823 561439 -5541 703412 74066
Stock Futures 217113 14360 209252 13892 468 2167504 144294
Stock Options 248385 16354 247306 16306 48 238914 15499

FIIs’ OPEN INTEREST (CONTRACTS)

Date Index Futures Nifty Futures Bank nifty Futures Index Options Nifty Options Banknifty Options Stock Futures Stock Options
21-Apr-23 147455 99047 48405 2969258 2061148 703412 2167504 238914
20-Apr-23 139882 94523 45357 2198546 1611630 409523 2306527 237631
Net (Contracts) 7573 4524 3048 770712 449518 293889 -139023 1283
 DAILY DERIVATIVE OVERVIEW

TOP GAINERS OI WISE TOP LOSERS OI WISE TOP GAINERS PRICE WISE TOP LOSERS PRICE WISE
FUTURE PRICE FUTURE PRICE FUTURE PRICE FUTURE PRICE
COMPANY COMPANY COMPANY COMPANY
OI (%) (%) OI (%) (%) OI (%) (%) OI (%) (%)
LALPATHLAB 22 0 COROMANDEL -8 1 IDEA 11 7 OBEROIRLTY -2 -4
NAVINFLUOR 18 1 HCLTECH -7 1 AARTIIND 0 2 DALBHARAT 1 -3
PVR 12 -1 BATAINDIA -7 2 PAGEIND 1 2 HDFCLIFE 6 -3
PERSISTENT 12 0 TCS -6 2 ITC 7 2 INDIACEM 3 -3
MFSL 12 -3 TATACHEM -5 0 TCS -6 2 TVSMOTOR 4 -3

LONG BUILDUP SHORT BUILDUP LONG UNWINDING SHORT COVERING

FUTURE PRICE FUTURE PRICE FUTURE PRICE FUTURE PRICE
COMPANY COMPANY COMPANY COMPANY
OI (%) (%) OI (%) (%) OI (%) (%) OI (%) (%)
LALPATHLAB 22 0 PVR 12 -1 NMDC -4 -2 COROMANDEL -8 1
NAVINFLUOR 18 1 MFSL 12 -3 HONAUT -3 -1 HCLTECH -7 1
PERSISTENT 12 0 TECHM 11 -2 ACC -3 -1 BATAINDIA -7 2
IDEA 11 7 RBLBANK 9 -1 CONCOR -2 -1 TCS -6 2
GODREJCP 8 1 CUB 9 -2 JINDALSTEL -2 -2 TATACHEM -5 0
 DAILY DERIVATIVE OVERVIEW

MOST ACTIVE INDEX CALL & PUT OPTIONS (27 APR EXPIRY)
INDEX CALL OPTIONS
STRIKE PRICE VALUE (Rs. Cr.) OI OI CHANGE (%)
BANKNIFTY 42300 CE 188 376264 2747175 130
BANKNIFTY 42200 CE 235 366091 2190925 156
BANKNIFTY 42500 CE 113 275863 3389275 136
NIFTY 17600 CE 110 262112 6955500 45
NIFTY 17700 CE 55 259825 16272750 59

INDEX PUT OPTIONS

STRIKE PRICE VALUE (Rs. Cr.) OI OI CHANGE (%)
BANKNIFTY 42000 PE 194 430318 3270125 100
NIFTY 17600 PE 55 388343 8037550 44
BANKNIFTY 42200 PE 279 377504 1133775 31
BANKNIFTY 42300 PE 334 333998 956075 11
BANKNIFTY 42100 PE 234 301583 1075900 82
 DAILY DERIVATIVE OVERVIEW

MOST ACTIVE STOCKS CALL & PUT OPTIONS (27 APR EXPIRY)
STOCK CALL OPTIONS
STRIKE PRICE VALUE (Rs. Cr.) OI OI CHANGE (%)
RELIANCE 2400 CE 14 2073 4904500 19
HCLTECH 1060 CE 8 1794 1808100 31
ICICIBANK 900 CE 9 1525 6104000 44
ITC 410 CE 2 1471 6100800 39
INFY 1240 CE 9 1180 3049600 -9

STOCK PUT OPTIONS

STRIKE PRICE VALUE (Rs. Cr.) OI OI CHANGE (%)
HCLTECH 1040 PE 8 1560 1375500 -21
RELIANCE 2300 PE 14 1070 2112000 39
HDFCBANK 1660 PE 4 936 1037850 12
ITC 400 PE 1 867 6828800 160
ICICIBANK 890 PE 15 641 1245300 24
 DAILY DERIVATIVE OVERVIEW

SECURITIES IN BAN FOR TRADE

NO. DATE COMPANY NAME

1. 24-04-2023 NIL
 DAILY DERIVATIVE OVERVIEW
Disclaimer:

This report has been prepared by HDFC Securities Ltd and is solely for information of the recipient only. The report must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the
particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. Each recipient of this document should make such investigations as they deem
necessary to arrive at an independent evaluation of an investment in securities of the companies referred to in this document (including merits and risks) and should consult their own advisors to determine merits and risks of such investment. The information and
opinions contained herein have been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. Such information has not been independently verified and no guaranty, representation of warranty, express or implied,
is made as to its accuracy, completeness or correctness. All such information and opinions are subject to change without notice. Descriptions of any company or companies or their securities mentioned herein are not intended to be complete. HSL is not obliged to
update this report for such changes. HSL has the right to make changes and modifications at any time.
This report is not directed to, or intended for display, downloading, printing, reproducing or for distribution to or use by, any person or entity who is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution,
publication, reproduction, availability or use would be contrary to law or regulation or what would subject HSL or its affiliates to any registration or licensing requirement within such jurisdiction.
If this report is inadvertently sent or has reached any person in such country, especially, United States of America, the same should be ignored and brought to the attention of the sender. This document may not be reproduced, distributed or published in whole or in
part, directly or indirectly, for any purposes or in any manner.
Foreign currencies denominated securities, wherever mentioned, are subject to exchange rate fluctuations, which could have an adverse effect on their value or price, or the income derived from them. In addition, investors in securities such as ADRs, the values of
which are influenced by foreign currencies effectively assume currency risk. It should not be considered to be taken as an offer to sell or a solicitation to buy any security.
This document is not, and should not, be construed as an offer or solicitation of an offer, to buy or sell any securities or other financial instruments. This report should not be construed as an invitation or solicitation to do business with HSL. HSL may from time to
time solicit from, or perform broking, or other services for, any company mentioned in this mail and/or its attachments.
HSL and its affiliated company(ies), their directors and employees may; (a) from time to time, have a long or short position in, and buy or sell the securities of the 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/borrower to such company(ies) or may have any other potential conflict of interests with respect to any
recommendation and other related information and opinions.
HSL, its directors, analysts or employees do not take any responsibility, financial or otherwise, of the losses or the damages sustained due to the investments made or any action taken on basis of this report, including but not restricted to, fluctuation in the prices of
shares and bonds, changes in the currency rates, diminution in the NAVs, reduction in the dividend or income, etc.
HSL and other group companies, its directors, associates, employees may have various positions in any of the stocks, securities and financial instruments dealt in the report, or may make sell or purchase or other deals in these securities from time to time or may deal
in other securities of the companies / organizations described in this report. As regards the associates of HSL please refer the website.
HSL or its associates might have managed or co-managed public offering of securities for the subject company or might have been mandated by the subject company for any other assignment in the past twelve months.
HSL or its associates might have received any compensation from the companies mentioned in the report during the period preceding twelve months from t date of this report for services in respect of managing or co-managing public offerings, corporate finance,
investment banking or merchant banking, brokerage services or other advisory service in a merger or specific transaction in the normal course of business.
HSL or its analysts did not receive any compensation or other benefits from the companies mentioned in the report or third party in connection with preparation of the research report. Accordingly, neither HSL nor Research Analysts have any material conflict of
interest at the time of publication of this report. Compensation of our Research Analysts is not based on any specific merchant banking, investment banking or brokerage service transactions. HSL may have issued other reports that are inconsistent with and reach
different conclusion from the information presented in this report.
Research entity has not been engaged in market making activity for the subject company. Research analyst has not served as an officer, director or employee of the subject company. We have not received any compensation/benefits from the subject company or
third party in connection with the Research Report.
HDFC securities Limited, I Think Techno Campus, Building - B, "Alpha", Office Floor 8, Near Kanjurmarg Station, Opp. Crompton Greaves, Kanjurmarg (East), Mumbai 400 042 Phone: (022) 3075 3400 Fax: (022) 2496 5066
Compliance Officer: Murli V Karkera Email: complianceofficer@hdfcsec.com Phone: (022) 3045 3600
HDFC Securities Limited, SEBI Reg. No.: NSE, BSE, MSEI, MCX: INZ000186937; AMFI Reg. No. ARN: 13549; PFRDA Reg. No. POP: 11092018; IRDA Corporate Agent License No.: CA0062; SEBI Research Analyst Reg. No.: INH000002475; SEBI Investment Adviser Reg. No.:
INA000011538; CIN - U67120MH2000PLC152193
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Mutual Funds Investments are subject to market risk. Please read the offer and scheme related documents carefully before investing.
Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.