Derivatives Update – 11th September 2024

Daily Derivatives Update – 11th September 2024

The Latest Derivatives Report a Snapshot of Market Trends for NIFTY and BANKNIFTY.

Derivatives Snapshots

• NIFTY:
  • High OI Placement (Weekly): CE at 26,000 and PE at 24,600.
  • Monthly: CE and PE both at 25,000.
  • OI Change (%) in Futures: -3.1%
  • PCR Ratio: 1.07
  • India VIX: 13.36
• BANKNIFTY:
  • High OI Placement (Weekly): CE at 51,500 and PE at 51,000.
  • Monthly: CE and PE both at 52,000.
  • OI Change (%) in Futures: -0.7%
  • PCR Ratio: 0.90

Monthly Series Trading Range

• NIFTY: 24,900 – 25,250
• BANKNIFTY: 50,800 – 50,700

FII Data Highlights

• Future Index: BUY
• Option Index: SELL
• Future Stocks: SELL

Market Trends

• Long Buildup: Divis Lab, Atul, Syngene, Indiamart
• Short Buildup: PFC, RECL Ltd, Shree Cement
• Short Covering: Granules, Tata Power, Dabur, LTTS
• Long Unwinding: Pidilite Ind, ICICI Pru, Hind Unilever, Torrent Pharma

Stocks Under F&O Ban

1. ABFRL
2. Balrampur Chini
3. Bandhan Bank
4. Biocon
5. Chambal Fert
6. Hind Copper
7. RBL Bank

Conclusion: The current market environment shows a mix of long buildup in key pharmaceutical and IT sectors, while short buildups are noted in power and financial services. Traders should watch out for high open interest in both NIFTY and BANKNIFTY along with key stocks under the F&O ban, which could influence market movement.

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