16 November 2010
Derivative Report- Angel Broking, India Research November 16, 2010
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The Nifty futures’ open interest increased by 3.05%
while Minifty futures’ open interest decreased by
8.04% as market closed at 6121.60 levels.
The Nifty Nov future closed at a premium of 18.65
points, against a premium of 19.90 points in the last
trading session. On the other hand, Dec future closed
at a premium of 57.00 points.
The PCR-OI increased from 1.13 to 1.15 points.
The Implied volatility of At-the-money options
decreased from 20.00% to 18.00%.
The total OI of the market is `1,71,561cr and the
stock futures OI is `50,040cr.
Few liquid counters where cost of carry is positive are
COREPROTEC, ALOKTEXT, CROMPGREAV, RENUKA
and TVSMOTOR.
View
FIIs have formed some short positions in the Index
futures. They were net buyers of `314cr in the cash
market segment.
Yesterday, significant unwinding was observed in
the 6400 and 6500 call options and some build up
was observed in out-of-money put options.
After correction from higher levels, NEYVELILIG is
showing support around `150. Positive CoC has
also increased. We may see positive move in the
stock up to `165. Traders can with positive bias
around `152 with a stop loss of `146.
GTOFFSHORE has immediate support around
`377. Negative move around support can be used
to form long for the target of `395 with a stop loss
of `370.
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