F&O Tracker

                                            Nifty Upside Seen till 5150

AVP-Derivatives Research (PCG) Kotak Securities 

1. The Nifty consolidated in the range of 5000-5070 for the entire trading session, after gains in the previous week. Mixed activity was seen in front-line stocks. 
2. JP Associates, Axis Bank and NTPC gained while RPower, SAIL and HCLTECH lost ground. Bank Nifty outperformed while CNX Realty remained under pressure. Mid-cap stocks witnessed action; AshokLey, IFCI, Cromp-Greav and TechM were amongst the top gainers. 
3. Nifty options open interest buildup is seen in 4700 put options and 5100 call options. In spite of the sudden spurt in the index put concentration has not shifted upwards. Closure in ITM and ATM call options indicates profit-booking. 
4. December will witness significant global as well as domestic events and data announcements which are expected to keep the market volatile. The FII segment has been net buyers in the derivative as well as the cash segment while the DII segment has seen mixed activity.