PRIVATE CLIENT RESEARCH

F&O TRACKER
SEPTEMBER 1, 2015
Sahaj Agrawal
sahaj.agrawal@kotak.com
+91 79 66072231

NIFTY DERIVATIVE

Rahul Sharma
sharma.rahul@kotak.com
+91 22 6621 6198

Malay Gandhi
malay.gandhi@kotak.com
+91 22 66216350

Prashanth Lalu
prashanth.lalu@kotak.com
+91 22 6621 6110

SNAPSHOT
NIFTY
FUTURE

OI
(SHARES)

VOLUME

BASIS

PCR OI

TREND

CURRENT

8,000

22,112,225

26,948,250

29.05

1.15

7984

PREVIOUS

8,023

21,986,375

33,998,550

21.7

1.08

-0.28%

0.57%

-20.74%

% CHANGE

OUTLOOK

NIFTY

OPTIONS

OI

Nifty
Nifty opened positive but failed to maintain its highs and gave up its gains
to close negative.
Nifty lost 30 points to close at 7971.
OI concentration is seen at 8500CE and 8000PE.
Activity witnessed in 8000 strike.
PCR OI stands at 1.15 compared to 1.08 in the previous trading session.
Nifty to trade with a resistance of 8060.
NIFTY LEVELS
7682

7771

7876

7956

8047

NIFTY PCR OI

8155

xxx

Stocks
Infy, ICICIbank and Reliance supported Nifty at higher levels.
From the IT space, HCLTech has been on an uptrend from the past three
trading sessions. The stock had been trading with a resistance of 950. It
has managed to trade above it and closed well above it in the previous
trading session. The stock remains positive with significant space on the
upside. The stock trades with a positive bias in the monthly, weekly and
daily charts. The RSI also supports its uptrend. One can enter the same at
current levels for a near term target of 1030/1050.
Market wide open interest is seen at Rs.193,261Cr.

RECOMMENDATION
STOCK
NIL
xxx

PATRICULAR

RECOM

CMP

TARGET

STOPLOSS

REMARKS

F&O TRACKER

September 1, 2015

FUTURE STATISTICS
OI INCREASE

OI DECREASE

SYMBOL

OI
(%)

OI
(SHARES)

PRICE CHG
(%)

SYMBOL

OI
(%)

OI
(SHARES)

PRICE CHG
(%)

GLENMARK

44.71%

2,611,250

-1.70%

BOSCHLTD

-16.49%

184,250

-1.94%

ADANIPORTS

27.32%

11,408,000

-1.99%

HEXAWARE

-9.32%

5,544,000

3.47%

GODREJIND

17.16%

1,639,000

-0.04%

DHFL

-7.94%

1,779,000

2.88%

DABUR

14.16%

3,040,000

-2.59%

PTC

-6.86%

8,256,000

4.81%

VOLTAS

10.77%

4,424,000

-4.91%

CIPLA

-4.97%

9,212,000

3.38%

CROMPGREAV

8.56%

13,978,000

-3.55%

AMARAJABAT

-4.65%

292,000

-1.38%

UNIONBANK

7.90%

9,156,000

1.40%

IDBI

-4.60%

22,880,000

4.01%

JINDALSTEL

7.84%

41,362,000

-0.07%

LUPIN

-4.35%

3,807,750

4.01%

ORIENTBANK

7.14%

8,389,000

1.99%

GAIL

-4.31%

9,284,000

2.44%

* Expiry peri

CASH

* Expiry peri

STATISTICS

TOP VOLUMES
SYMBOL

TRADED QTY

VALUE

SUNPHARMA

13,512,125

121,618

899

SBIN

21,645,114

53,695

247

TCS

1,846,022

47,369

2,564

HDFC

3,482,922

41,465

1,186

RELIANCE

4,733,716

40,717

856

ICICIBANK

13,709,056

38,436

278

CONCOR

2,547,369

36,438

1,425

LUPIN

1,830,506

35,074

1,936

AXISBANK

6,111,825

31,205

508

Kotak Securities - Private Client Research

CLOSE

For Private Circulation

F&O TRACKER

OPTION

September 1, 2015

STATISTICS
SIGNIFICANT PUT OPEN INTEREST

SIGNIFICANT CALL OPEN INTEREST

SYMBOL

TATAPOWER

STRK
PRICE

OPTION CLOSE
TYPE
(RS)

62

CE

1.50

SYMBOL

STRK
PRICE

OPTION CLOSE
TYPE
(RS)

FUT
CLOSE

OI
(SHARES)

60.95

2,364,000

DLF

100

PE

4.00

FUT
CLOSE

OI
(SHARES)

111

1,250,000

65

CE

1.85

60.10

3,188,000

BPCL

840

PE

18.15

885

114,500

SBIN

280

CE

2.75

248.65

3,652,000

TATASTEEL

200

PE

4.10

225

791,000

DLF

120

CE

4.95

111.30

1,838,000

DLF

110

PE

7.80

111

770,000

CAIRN

140

PE

4.35

149

216,000

RCOM

JPASSOCIAT

12

CE

0.20

9.70

8,248,000

RELINFRA

360

BPCL

880

CE

8.20

327.80

366,500

TATASTEEL

220

PE

9.95

225

735,000

CE

38.60

885.25

240,000

CAIRN

130

PE

2.15

149

DLF

130

215,000

CE

2.50

111.30

1,460,000

RCOM

50

PE

0.90

60

856,000

55

PE

1.80

60

772,000

2,550

PE

59.35

2,579

75,000

HINDALCO

90

CE

1.35

79.55

2,498,000

RCOM

JINDALSTEL

75

CE

2.45

68.10

1,828,000

TCS

vv

SIGNIFICANT OPEN INTEREST ADDITION

SIGNIFICANT PUT OPEN INTEREST ADDITION

SYMBOL

STRK
PRICE

OPTION
TYPE

OPEN
INT

OI CHG
(%)

CLOSE

SYMBOL

STRK
PRICE

OPTION
TYPE

OPEN
INT

OI CHG
(%)

CLOSE

JINDALSTEL

65

CE

128,000

2033%

6.45

JINDALSTEL

50

PE

240,000

400%

0.70

HINDPETRO

820

CE

239,000

244%

35.25

TATAPOWER

62

PE

264,000

288%

3.25

IDFC

137

CE

154,000

235%

2.90

ADANIPOWER

20

PE

320,000

129%

0.60

BPCL

880

CE

240,000

229%

38.60

SAIL

42

PE

260,000

124%

0.65

IOC

410

CE

540,000

218%

17.05

HDIL

BHEL

230

CE

260,000

195%

9.55

NMDC

TATAPOWER

62

CE 2,364,000

188%

1.50

ADANIPOWER

HINDALCO

82

CE

250,000

184%

3.40

AXISBANK
RCOM

HEXAWARE

270

CE

130,000

177%

4.10

IBULHSGFIN

800

CE

246,000

167%

15.60

SBIN

50

PE

520,000

117%

2.25

100

PE

346,000

114%

5.45

17

PE

108,000

108%

0.25

440

PE

126,000

105%

3.60

60

PE

396,000

98%

3.70

225

PE

163,000

94%

3.65

CALL OPTION VOLUMES

PUT OPTION VOLUMES

SYMBOL

STRK
PRICE

OPTION
TYPE

CONTRACTS

CLOSE

SYMBOL

STRK
PRICE

OPTION
TYPE

CONTRACTS

CLOSE

RELIANCE

900

CE

3,211

13.90

RELIANCE

860

PE

2,151

28.20

AXISBANK

500

PE

1,622

16.70

SBIN

240

PE

1,478

7.90

RELIANCE

840

PE

1,451

19.90

1600

PE

1,347

63.90

660

PE

1,320

21.85

SBIN

260

CE

2,679

7.15

SBIN

250

CE

2,332

11.15

75

CE

2,187

2.45

350

CE

2,173

10.90

LT
YESBANK

JINDALSTEL
TATAMOTORS
RELIANCE

880

CE

2,166

20.75

SBIN

270

CE

2,102

4.50

INFY

1060

PE

1,306

23.80

TATAMOTORS

360

CE

2,062

7.60

INFY

1100

PE

1,235

39.05

TATAMOTORS

340

CE

2,055

15.30

TATAMOTORS

330

PE

1,222

11.80

YESBANK

680

PE

1,179

29.15

SBIN

280

CE

2,029

2.75

vv

Kotak Securities - Private Client Research

For Private Circulation

F&O TRACKER

September 1, 2015

Fundamental Research Team

Dipen Shah
IT
dipen.shah@kotak.com
+91 22 6621 6301

Arun Agarwal
Auto & Auto Ancillary
arun.agarwal@kotak.com
+91 22 6621 6143

Amit Agarwal
Logistics, Transportation
agarwal.amit@kotak.com
+91 22 6621 6222

Jayesh Kumar
Economy
kumar.jayesh@kotak.com
+91 22 6652 9172

Sanjeev Zarbade
Capital Goods, Engineering
sanjeev.zarbade@kotak.com
+91 22 6621 6305

Ruchir Khare
Capital Goods, Engineering
ruchir.khare@kotak.com
+91 22 6621 6448

Meeta Shetty, CFA

Pharmaceuticals
meeta.shetty@kotak.com
+91 22 6621 6309

K. Kathirvelu
Production
k.kathirvelu@kotak.com
+91 22 6621 6311

Teena Virmani
Construction, Cement
teena.virmani@kotak.com
+91 22 6621 6302

Ritwik Rai
FMCG, Media
ritwik.rai@kotak.com
+91 22 6621 6310

Jatin Damania
Metals & Mining
jatin.damania@kotak.com
+91 22 6621 6137

Saday Sinha
Banking, NBFC, Economy
saday.sinha@kotak.com
+91 22 6621 6312

Sumit Pokharna
Oil and Gas
sumit.pokharna@kotak.com
+91 22 6621 6313

Pankaj Kumar
Midcap
pankajr.kumar@kotak.com
+91 22 6621 6321

Technical Research Team

Shrikant Chouhan
shrikant.chouhan@kotak.com
+91 22 6621 6360

Amol Athawale
amol.athawale@kotak.com
+91 20 6620 3350

Derivatives Research Team

Sahaj Agrawal
sahaj.agrawal@kotak.com
+91 79 6607 2231

Rahul Sharma
sharma.rahul@kotak.com
+91 22 6621 6198

Kotak Securities - Private Client Research

Malay Gandhi
malay.gandhi@kotak.com
+91 22 6621 6350

For Private Circulation

Prashanth Lalu
prashanth.lalu@kotak.com
+91 22 6621 6110

F&O TRACKER

September 1, 2015

Disclaimer
Kotak Securities Limited established in 1994, is a subsidiary of Kotak Mahindra Bank Limited. Kotak Securities is one of India's largest brokerage and
distribution house.
Kotak Securities Limited is a corporate trading and clearing member of Bombay Stock Exchange Limited (BSE), National Stock Exchange of India Limited (NSE),
Metropolitan Stock Exchange of India Limited (MSEI), United Stock Exchange of India Limited (USEIL). Our businesses include stock broking, services rendered
in connection with distribution of primary market issues and financial products like mutual funds and fixed deposits, depository services and Portfolio
Management.
Kotak Securities Limited is also a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited
(CDSL).Kotak Securities Limited is also registered with Insurance Regulatory and Development Authority as Corporate Agent for Kotak Mahindra Old Mutual
Life Insurance Limited and is also a Mutual Fund Advisor registered with Association of Mutual Funds in India (AMFI). We are registered as a Research Analyst
under SEBI (Research Analyst) Regulations, 2014"
We hereby declare that our activities were neither suspended nor we have defaulted with any stock exchange authority with whom we are registered in last
five years. However SEBI, Exchanges and Depositories have conducted the routine inspection and based on their observations have issued advise letters or
levied minor penalty on KSL for certain operational deviations. We have not been debarred from doing business by any Stock Exchange / SEBI or any other
authorities; nor has our certificate of registration been cancelled by SEBI at any point of time.
We offer our research services to clients as well as our prospects.
This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or redistributed to any other
person. Persons into whose possession this document may come are required to observe these restrictions.
This material is for the personal information of the authorized recipient, and we are not soliciting any action based upon it. This report is not to be construed
as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. It is for the general
information of clients of Kotak Securities Ltd. It does not constitute a personal recommendation or take into account the particular investment objectives,
financial situations, or needs of individual clients.
We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy or completeness
cannot be guaranteed. Neither Kotak Securities Limited, nor any person connected with it, accepts any liability arising from the use of this document. The
recipients of this material should rely on their own investigations and take their own professional advice. Price and value of the investments referred to in this
material may go up or down. Past performance is not a guide for future performance. Certain transactions -including those involving futures, options and
other derivatives as well as non-investment grade securities - involve substantial risk and are not suitable for all investors. Reports based on technical analysis
centers on studying charts of a stock's price movement and trading volume, as opposed to focusing on a company's fundamentals and as such, may not match
with a report on a company's fundamentals.
Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a reasonable basis the
information discussed in this material, there may be regulatory, compliance or other reasons that prevent us from doing so. Prospective investors and others
are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Our proprietary trading and investment
businesses may make investment decisions that are inconsistent with the recommendations expressed herein.
Kotak Securities Limited has two independent equity research groups: Institutional Equities and Private Client Group. This report has been prepared by the
Private Client Group. The views and opinions expressed in this document may or may not match or may be contrary with the views, estimates, rating, target
price of the Institutional Equities Research Group of Kotak Securities Limited.
We and our affiliates/associates, officers, directors, and employees, Research Analyst(including relatives) worldwide 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 subject company/company (ies) discussed herein or
act as advisor or lender / borrower to such company (ies) or have other potential/material conflict of interest with respect to any recommendation and related
information and opinions at the time of publication of Research Report or at the time of public appearance. Kotak Securities Limited (KSL) may have
proprietary long/short position in the above mentioned scrip(s) and therefore should be considered as interested. The views provided herein are general in
nature and does not consider risk appetite or investment objective of particular investor; readers are requested to take independent professional advice
before investing. This should not be construed as invitation or solicitation to do business with KSL. Kotak Securities Limited is also a Portfolio Manager.
Portfolio Management Team (PMS) takes its investment decisions independent of the PCG research and accordingly PMS may have positions contrary to the
PCG research recommendation.
The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or
companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or
views expressed in this report.
No part of this material may be duplicated in any form and/or redistributed without Kotak Securities' prior written consent.
Details of Associates are available on our website ie www.kotak.com
Research Analyst has served as an officer, director or employee of subject company(ies): No
We or our associates may have received compensation from the subject company(ies) in the past 12 months. We or our associates may have managed or comanaged public offering of securities for the subject company(ies) in the past 12 months. We or our associates may have received compensation for
investment banking or merchant banking or brokerage services from the subject company(ies) in the past 12 months. We or our associates may have received
any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company(ies) in the
past 12 months. We or our associates have not received any compensation or other benefits from the subject company(ies) or third party in connection with
the research report. Our associates may have financial interest in the subject company(ies).
Research Analyst or his/her relative's financial interest in the subject company(ies): No
Kotak Securities Limited has financial interest in the subject company(ies): No
Our associates may have actual/beneficial ownership of 1% or more securities of the subject company(ies) at the end of the month immediately preceding
the date of publication of Research Report.
Research Analyst or his/her relatives has actual/beneficial ownership of 1% or more securities of the subject company(ies) at the end of the month
immediately preceding the date of publication of Research Report: No
Kotak Securities Limited has actual/beneficial ownership of 1% or more securities of the subject company(ies) at the end of the month immediately preceding
the date of publication of Research Report: No
Subject company(ies) may have been client during twelve months preceding the date of distribution of the research report.
"A graph of daily closing prices of securities is available at www.nseindia.com and http://economictimes.indiatimes.com/markets/stocks/stock-quotes. (Choose
a company from the list on the browser and select the "three years" icon in the price chart)."
Kotak Securities Limited. Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051. CIN: U99999MH1994PLC134051,
Telephone No.: +22 43360000, Fax No.: +22 67132430. Website: www.kotak.com. Correspondence Address: Infinity IT Park, Bldg. No 21, Opp. Film City Road,
A K Vaidya Marg, Malad (East), Mumbai 400097. Telephone No: 42856825. SEBI Registration No: NSE INB/INF/INE 230808130, BSE INB 010808153/INF
011133230, MSEI INE 260808130/INB 260808135/INF 260808135, AMFI ARN 0164 and PMS INP000000258. NSDL: IN-DP-NSDL-23-97. CDSL: IN-DP-CDSL-1582001, Research Analyst INH000000586. Our research should not be considered as an advertisement or advice, professional or otherwise. The investor is
requested to take into consideration all the risk factors including their financial condition, suitability to risk return profile and the like and take professional
advice before investing. Investments in securities are subject to market risk; please read the SEBI prescribed Combined Risk Disclosure Document prior to
investing. Derivatives are a sophisticated investment device. The investor is requested to take into consideration all the risk factors before actually trading
in derivative contracts .Compliance Officer Details: Mr. Manoj Agarwal . Call: 022 - 4285 6825, or Email: ks.compliance@kotak.com.
In case you require any clarification or have any concern, kindly write to us at below email ids:
Level 1: For Trading related queries, contact our customer service at 'service.securities@kotak.com' and for demat account related queries contact us at
ks.demat@kotak.com or call us on:
Online Customers - 30305757 (by using your city STD code as a prefix) or Toll free numbers
18002099191 / 1800222299, Offline Customers - 18002099292
Level 2: If you do not receive a satisfactory response at Level 1 within 3 working days, you may write to us at ks.escalation@kotak.com or call us on 02242858445 and if you feel you are still unheard, write to our customer service HOD at ks.servicehead@kotak.com or call us on 022-42858208.
Level 3: If you still have not received a satisfactory response at Level 2 within 3 working days, you may contact our Compliance Officer (Name: Manoj
Agarwal ) at ks.compliance@kotak.com or call on 91- (022) 4285 6825.
Level 4: If you have not received a satisfactory response at Level 3 within 7 working days, you may also approach CEO (Mr. Kamlesh Rao) at
ceo.ks@kotak.com
call on 91(022)Research
6652 9160.
Kotak Securities or
- Private
Client
For Private Circulation
5