Derivative Report- Angel Broking, India Research Mar 30, 2011

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


Comments
 The Nifty futures’ open interest increased by 5.99% while
Minifty futures’ open interest increased by 5.16% as
market closed at 5736.35 levels.
 The Nifty March future closed at a premium of 15.10
points, against a premium of 12.40 points in the last
trading session. On the other hand, April future closed at
a premium of 44.55 points.
 The PCR-OI increased from 1.58 to 1.63 levels.
 The Implied volatility of At-the-money options increased
from 17.50% to 23.00% for March series and for April it
is 19.50%.
 The total OI of the market is `1,62,045cr and the stock
futures OI is `35,808cr.
 Rollover for Nifty futures is 50.12%, while for Banknifty
futures it is 50.59%. Market wide rollover is 52.35%.



View
 FIIs are continuously buying in the cash market
segment. They were net buyers of `1,292cr in the
cash segment in the last trading session. Yesterday,
build up in the Index futures was significant which
was blend of buying and selling.
 Yesterday, significant build up was observed in the
5700 and 5800 put options. However, unwinding
was observed in the 5500 to 5700 call options.
 After a blend of long unwinding and shorting, some
buying was observed in NATIONALUM in the last
trading session. We may see a positive move up to
`105. Traders can trade with positive bias with a stop
loss of `97.
 Over the month, mainly short covering was visible in
many large cap stocks like ONGC, M&M, LT,
RELIANCE and SBIN. Few large Cap stocks where
rollover is high both in terms of open interest and
percentage are BHEL, INFOSYSTCH and TATASTEEL.