Derivative Report India Research Nov 04, 2010: Angel Broking

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Comments
 The Nifty futures’ open interest decreased by 0.26%
while Minifty futures’ open interest increased by 4.43%
as market closed at 6160.50 levels.
 The Nifty Nov future closed at a premium of 30.75
points, against a premium of 36.95 points in the last
trading session. On the other hand, Dec future closed
at a premium of 55.05 points.
 The PCR-OI increased from 1.29 to 1.33 points.
 The Implied volatility of At-the-money options
increased from 20.00% to 20.25%.
 The total OI of the market is `1,50,482cr and the
stock futures OI is `48,065cr.
 Few liquid counters where cost of carry is positive are
COREPROTEC, GTL, TTML, OPTOCIRCUI and
RENUKA.





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 Although the FIIs’ activity was not much in the
futures segment, their net buying in the cash
segment was `988cr. US markets closed flat. As
suggested by SGX Nifty we may see flattish to
positive opening.
 Yesterday, the 6400 and 6500 call options, and
6200 and 6300 put options added considerable
open interest.
 GAIL added around 50% open interest after Oct
expiry. The stock is consolidating around current
levels. We may see a positive move in the stock up
to `510. Positional traders can form long positions
with a stop loss of `480.
 EDUCOMP is showing some strength around
current levels. We expect a positive move in the
stock. Thus, traders can trade with positive bias for
the target of `580, with a stop loss of `540.