Derivative Report India Research Apr 06, 2011- Angel Broking,

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 The Nifty futures’ open interest decreased by 0.51% while
Minifty futures’ open interest decreased by 5.14% as
market closed at 5910.05 levels.
 The Nifty April future closed at a premium of 22.55
points, against a premium of 34.85 points in the last
trading session. On the other hand, May future closed at
a premium of 41.90 points.
 The PCR-OI decreased from 1.46 to 1.41 levels.
 The Implied volatility of At-the-money options decreased
from 17.95% to 17.25%.
 The total OI of the market is `1,22,118cr and the stock
futures OI is `32,742cr.
 Few liquid stocks where Cost of carry is positive are MLL,
RUCHISOYA, CHENNPETRO, PANTALOONR,
BATAINDIA and POLARIS.
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 FIIs formed short positions in the Index futures and
the stock futures after continuous long formations in
the past few trading sessions. They were net buyers of
`723cr in the cash market segment.
 Yesterday, huge build up was observed in the 5900
and 6000 call options. Many put options also added
some open interest the 5700 put added highest open
interest.
 CENTRALBK is showing continues long formations.
Yesterday stock added around 13% open interest. We
may see a positive move up to `155. Traders can
trade with positive bias with a stop loss of `145.
 Some unwinding from higher levels was observed in
BAJAJ-AUTO. Stock may correct up to `1400.
Traders can trade with negative bias with a stop loss
of `1475.