17 March 2011

Angel Broking- Derivative Report India Research-Mar 17, 2011

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 The Nifty futures’ open interest decreased by 2.53% while
Minifty futures’ open interest  increased  by 8.20% as
market closed at 5511.15 levels.
 The Nifty  March future closed at a premium of  12.70
points, against  a discount of 2.05 points  in the last
trading session. On the other hand, April future closed at
a premium of 34.90 points.
 The PCR-OI increased from 1.29 to 1.33 levels.
 The Implied volatility of At-the-money options decreased
from 26.50% to 23.75%.
 The total OI of the market is `1,41,406cr and the stock
futures OI is `31,954cr.
 Few liquid stocks where cost of carry is positive are MLL,
GMRINFRA, AUROPHARMA, TTML and RUCHISOYA.



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 FIIs covered some of their short positions in the Index
futures as well as they formed some long positions in
the stock futures. They were net sellers of  `135cr in
the cash market segment.
 Yesterday, significant build up was observed in the
5400 and 5500 put options. However, there was not
much change in the call options while 5000 put also
added considerable open interest.
 WIPRO is not showing much strength and
considerable long positions exist in the stock. Due to
long unwinding we may see a correction in the
counter up to `430. Traders can trade with negative
bias with a stop loss of `458.
 Yesterday, some buying was observed in many
banking stocks. ALBK was also showing some
strength. We may see a positive move up to  `212.
Traders can trade with positive bias around  `200
with a stop loss of `195

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