Sunday, January 20, 2013

After posting of 18% jump in profit why wipro corrected...

Wipro Q3 profit rises 18% to Rs 1716 cr; joins Infosys, TCS in beating profit forecasts   http://articles.economictimes.indiatimes.com/2013-01-18/news/36415783_1_wipro-q3-consumer-care-wipro-s-executive-director
result  stock  down by 8%....
kya zamana he ...
subah 8 baje bola beating forecasts
later said " corrected due to  muted guidance..."
Opened gap up as news was 18 % jump in profit  ...later trapped   traders who bought on positive news  



Software-to-soap conglomerate Wipro Ltd’s net profit rose 18 per cent for the third quarter this fiscal, beating street expectations, but gave a muted guidance for the next quarter for its IT services business sending its stocks hurtling to a four-year low.
Wipro stocks tanked nearly 8 per cent to close at Rs 397.15, the lowest since January 2009, shaving off Rs 8,364 crore in market value.

but we feel it was gr8 game plan played by option writers ...have a look at accumulation of ce 420  and 440 ...compare to pe  440  and 420 ...
for upside move writers to pay more for 420  ce buyers for 14lac shares and 440 ce buyers for 13 lac shares see  open interest ...so quick fall  in scrip boosted their capital manifolds in a day...
INST.OPTIONEXDATESTRIKEPROPENHIGHLOWCLOSECONTS.OPENINTC'O'INTCOST
Rs.
FUTSTKXX31-Jan-20130.0438.2439.0395.55397.411,3644,598,000509,000198,700.0
FUTSTKXX28-Feb-20130.0437.25437.25398.6400.2488255,000107,000200,100.0
FUTSTKXX28-Mar-20130.0418.0420.65401.9401.91113,000-1,000200,950.0
OPTSTKCE31-Jan-2013380.052.052.018.920.72822,0006,00010,350.0
OPTSTKCE31-Jan-2013400.019.9521.46.06.95669327,000247,0003,475.0
OPTSTKCE31-Jan-2013420.015.8516.851.952.453,2151,403,0001,125,0001,225.0
OPTSTKCE31-Jan-2013440.09.19.250.81.12,8471,314,000661,000550.0
OPTSTKCE31-Jan-2013460.04.54.50.450.551,668901,000239,000275.0
OPTSTKCE31-Jan-2013480.01.551.550.250.4275177,00029,000200.0
OPTSTKCE31-Jan-2013500.01.51.50.250.46153,00024,000200.0
OPTSTKPE31-Jan-2013360.00.61.150.40.93835,0009,000450.0
OPTSTKPE31-Jan-2013380.01.03.50.552.9652188,00079,0001,450.0
OPTSTKPE31-Jan-2013400.01.210.451.09.41,336222,000-44,0004,700.0
OPTSTKPE31-Jan-2013420.03.626.13.624.15798169,000-180,00012,075.0
OPTSTKPE31-Jan-2013440.010.744.510.742.214357,00023,00021,100.0
OPTSTKPE31-Jan-2013460.025.864.125.864.172,0001,00032,050.0
OPTSTKCE28-Feb-2013400.018.718.713.015.0555,0003,0007,525.0
OPTSTKCE28-Feb-2013420.07.17.17.17.123,0002,0003,550.0
OPTSTKCE28-Feb-2013440.011.3511.351.33.93425,00022,0001,950.0
OPTSTKPE28-Feb-2013360.03.03.03.03.044,0004,0001,500.0
OPTSTKPE28-Feb-2013400.010.016.259.516.2576,0006,0008,125.0

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