FUTURES & OPTIONS

Derivative segment witnessed brisk stock specific trading action during the week ended.

Sentiment indicators like put/call ratio, implied volatility, VIX and open interest suggest further gains in near term. Highest Open interest build up in Nifty call options observed at 9200 strike price with open interest of 33.58 lakhs and put side it is observed at 9000 strike price with open interest of 37.08 lakhs. Nifty futures may trade widely in the range of 9250-9325 on the upside and 90009025 on the down side in coming week.

Sector wise open interest increased in energy, capital goods, cement and IT Sector wise OI decreased in Index, oil & gas, telecom, FMCG, metals and financials.

Renewed buying was seen in capital goods stocks. Buy on declines BEML, Voltas and BEL.

Concrete buying was seen in cement counters. Stay invested in ACC, Ambuja Ultratech and Birla Corp for further gains.

PSU oil marketing companies are expected to undertake fuel price revision including aviation fuel prices. Expect two way movements in oil and airline stocks. Aviation turbine fuel constitutes nearly 50% of operating cost for airliners.

Monthly sales numbers may trigger stock specific movement in automobile counters.

Stocks looking good are ACC, Amara Raja, Ambuja Cement, BEML, CESC, Equitas, Godrej Inds, IDFC Bank, Indian Bank, Indiabull Hsg Finance, NIIT Tech, NTPC, Reliance Industries Limited, Voltas and Mahindra & Mahindra.