Derivative Report India Research June 14, 2011: Angel Broking,

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 The Nifty futures’ open interest decreased by 0.89% while
Minifty futures’ open interest decreased by 5.03% as
market closed at 5482.80 levels.
 The Nifty June future closed at a premium of 15.70
points, against a discount of 1.65 points in the last
trading session, while the July future closed at a premium
of 29.90 points.
 The Implied Volatility of at the money options increased
from16.00% to 16.75%.
 The PCR-OI increased from 1.23 to 1.28 points.
 The total OI of the market is `1,29,594cr and the stock
futures OI is `33,623cr.
 Few liquid stocks where CoC is positive are PRAJIND,
JPPOWER, DCHL, TTML and MOSERBAER.
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 Although FIIs unwound some of their long positions
in the Index futures, they were buying in the Stock
futures. They were net sellers of `304cr in the cash
market segment.
 In the last trading session, build up was observed in
the 5600 and 5700 call options and from 5300 to
5500 put options.
 GODREJIND is showing continuous shorting from
higher level. It has support around `175-177. We
may see further correction in the counter up to
support levels. Traders can trade with negative bias
around `185 with a stop loss of `190.
 INFOSYSTCH is showing some strength. A blend of
short covering and some long formation was
observed in the counter. Traders can use buy on dips
strategy. Target is `2940 and stop loss is `2790.