Derivative Report India Research- Angel broking- Mar 22, 2011

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 The Nifty futures’ open interest decreased by 1.06% while
Minifty futures’ open interest  increased  by 1.33% as
market closed at 5364.75 levels.
 The Nifty  March future closed at a premium of  15.35
points, against  a premium of  13.15  points  in the last
trading session. On the other hand, April future closed at
a premium of 41.70 points.
 The PCR-OI decreased from 1.14 to 1.13 levels.
 The Implied volatility of At-the-money  options increased
from 25.00% to 26.00%.
 The total OI of the market is `1,44,823cr and the stock
futures OI is `31,814cr.
 Few liquid stocks where cost of carry is positive  are
SUZLON, RUCHISOYA, STRTECH, ALOKTEXT and
IVRCLINFRA.



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 FIIs  activities were very less in  the Futures segment.
However in the cash market segment, they were net
sellers of `97cr.
 Yesterday  unwinding was observed in the 5400 put
option and 5500 call option along with many other
call and put options.
 ORIENTBANK has given a positive move only on the
back of short covering. Some cash base selling was
observed in the counter. We may see a negative
move up to  `347. Traders can trade  with negative
bias with a stop loss of `375.
 WELCORP is showing  unwinding from higher levels
and showing some weakness too. We  may see
negative move up to  `188. Trading with negative
bias is advisable around `198-200. Keep a stop loss
of `204