Derivative Report India Research Apr 05, 2011 -Angel Broking,

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 The Nifty futures’ open interest increased by 9.66% while
Minifty futures’ open interest increased by 9.23% as
market closed at 5908.45 levels.
 The Nifty April future closed at a premium of 34.85
points, against a premium of 35.30 points in the last
trading session. On the other hand, May future closed at
a premium of 53.40 points.
 The PCR-OI increased from 1.30 to 1.46 levels.
 The Implied volatility of At-the-money options decreased
from 18.50% to 17.95%.
 The total OI of the market is `1,17,370cr and the stock
futures OI is `31,992cr.
 Few liquid stocks where Cost of carry is positive are MLL,
PANTALOONR, MOSERBAER, HOTELEELA and
BALRAMCHIN.
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 FIIs are continuously forming long positions in the
Index futures and shorts in the stock futures. They
were net buyers of `605cr in the cash market
segment.
 In the last trading session, again significant buildup
was observed in most of the put options and in the
6000 call option. However, unwinding was observed
in the 5900 call.
 MPHASIS is showing positive move due to short
covering. Stock still has considerable short positions.
Due to further covering it may give a positive move
up to `455-457. Traders can trade with positive bias
with a stop loss of `417.
 LITL is showing good amount of build up after high
rollover. We expect a positive move in the stock.
Traders can trade with positive bias in it.