09 November 2010

Derivative Report India Research Nov 09, 2010: Angel Broking

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 The Nifty futures’ open interest increased by 0.17%
while Minifty futures’ open interest decreased by
1.38% as market closed at 6273.20 levels.
 The Nifty Nov future closed at a premium of 23.60
points, against a premium of 19.75 points in the last
trading session. On the other hand, Dec future closed
at a premium of 51.95 points.
 The PCR-OI remained same at 1.36 points.
 The Implied volatility of At-the-money options for
November series decreased from 17.00% to 16.50%.
 The total OI of the market is `1,60,400cr and the
stock futures OI is `50,270cr.
 Few liquid counters where cost of carry is positive are
COREPROTEC, APOLLOTYRE, FSL, HINDOILEXP and
HOTELEELA.






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 Although FIIs’ activity in the futures segment was
not very significant, they were net buyers of `506cr
in the cash market segment.
 In the last trading session, the 6000 and 6200 put
options added significant open interest. On the
other land, 6500 call option added considerable
open interest.
 Most of the cement stocks are showing continuous
long formations. ULTRACEMCO added around
35% open interest in the past few trading sessions.
CoC has also increased. We may see a positive
move in the stock up to `1,180. Thus, it is advisable
to trade with positive bias with a stop loss of
`1,110.
 TATACOMM is trading around current levels in the
past few trading sessions, after correction from
higher levels. We may see a positive move in the
stock up to `335. It is advisable to trade with
positive bias with a stop loss of `304.

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