Derivative Report -Angel Broking, India Research Feb 11, 2011

Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��


 The Nifty futures’ open interest increased by 0.26% while
Minifty futures’ open interest increased by 1.47% as
market closed at 5225.80 levels.
 The Nifty Feb future closed at a premium of 4.35 points,
against a premium of 7.40 points in the last trading
session. On the other hand, March future closed at a
premium of 20.50 points.
 The PCR-OI has decreased from 1.07 to 1.01 levels.
 The Implied volatility of At-the-money options for Feb
expiry remained at the same levels of 21.50%.
 The total OI of the market is `1,43,431cr and the stock
futures OI is `31,227cr.
 Few liquid counters where cost of carry is positive are
JISLJALEQS, BRFL, GVKPIL, DCB, and GODREJIND.
View
 FIIs formed short positions in the Index futures and
the stock futures. They were net sellers of `955cr in
the cash market segment.
 Yesterday, again buildup was observed in the 5200
and 5300 call options and unwinding was observed
in the 5300 put option. The 5100 put has highest
open interest and we may see a support for the
market around this level.
 Continuous shorting is observed in BRFL. Yesterday
also short positions were witnessed. We may see
correction up to `220. Traders can form shorts
around `236 with a stop loss of `243.
 Some buying interest was observed in TATAPOWER
and stock is showing support around `1,170-1,180.
Traders can form long positions around support for
the target of `1,235 with a stop loss of `1,145.