**

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*Emkay Alternate Intelligence*

*Upward shift in Nifty options accumulation pattern*

* *

The Nifty declined over 1% yesterday largely on account of weak global cues.
The selling was on back of decreased volumes. Cash volumes declined to Rs103
billion as against Rs170 billion in the penultimate session. F&O volumes was
down close to 33% at Rs1013 billion as against Rs1502 billion. Lower volumes
suggest limited downsides from current levels.****

No significant change in open interest was observed yesterday. Open interest
in Nifty September futures declined to 23.78 million shares from 23.96
million shares. Maximum accumulation among Nifty September put options
remained concentrated at 4700 strike with an open interest of 8.68 million
shares (Rs40.93 billion). Interestingly, open interest in strikes such as
4800 (8.43 million shares) and 5000 (8.01 million shares) is tad below the
open interest in 4700 strike, suggesting higher probability of an upward
shift in the accumulation pattern. ****

Among Nifty September call options, maximum concentration witnessed an
upward shift from 5200 strike to 5300 strike. Open interest increased by
0.57 million shares to 6.67 million shares (Rs35.41 billion). With positive
shift continued to be observed among Nifty options, we believe the downsides
from the current levels are limited. ****

** **

Click here to read report: *Emkay Alternate
Intelligence<http://emkayglobal.com/downloads/researchreports/Master_daily_200911.xls>
***

*Content: *

Nifty Futures Open Interest Change****

Top 10 Long Dated Options by Volumes****

Ratio – Stock Volatility Vs Nifty Volatility****

Sectoral Futures Open Interest Change****

Select Global Volatility****

Shareholdings Pledged/Revoked****

Stock-wise Futures Open Interest Change****

Nifty Volatility (Comparison of IV, HV, VIX)****

Insider Trades****

Nifty Options Accumulation Pattern****

Nifty Intraday Volatility****

Nifty Put-Call Ratio of Open Interest****

Nifty Options Open Interest Change****

Nifty Volatility Over Period****

Dividend Watch****

Top 15 Nifty Options by Volumes****

Institutional Flows in Equity Segment****

Rollover****

Top 50 Stock Options by Volumes****

FIIs Flows in Derivatives Segment****

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* *

* *

Regards,****

**Neeraj Agarwal******

Derivatives Analyst | *Emkay Global Financial Services Ltd.* |
www.emkayglobal.com | Email : [email protected] ****

Board No. : *+91-22-66121212* | Extn. : *344* | DID : *66121344* | Mob : *
+919004089401* | ****

****

** **

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