Derivative Report India Research June 17, 2011 -Angel Broking,

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Comments
 The Nifty futures’ open interest increased by 3.74% while
Minifty futures’ open interest increased by 10.17% as
market closed at 5447.50 levels.
 The Nifty June future closed at a premium of 5.65 points,
against a premium of 3.10 points in the last trading
session, while the July future closed at a premium of
22.95 points.
 The Implied Volatility of at the money options increased
from 17.30% to 17.75%.
 The PCR-OI is decreased from1.19 to 1.14 points.
 The total OI of the market is `1,35,137cr and the stock
futures OI is `34,562cr.
 Few liquid stocks where CoC is positive areView
 FIIs continued to form short positions in the Index
futures and the stock futures. They were net sellers of
`600cr in the cash market segment.
 Yesterday, a further unwinding was observed in the
5400 and above put options. However, call options
continued to add significant open interest. The option
data suggests that the further correction may come in
the market.
 RPOWER is showing continuous correction. Still it is
not any sign of strength. We may see a further
correction up to `110. Traders can trade with
negative bias with a stop loss of `120.
 Some buying was visible in VIDEOIND. We may see
a positive move up to `188-190 levels. Traders can
trade with positive bias with stop loss of `175.
ANDHRABANK, BAJAJHIND, MTNL, OFSS and LITL.
View
 FIIs continued to form short positions in the Index
futures and the stock futures. They were net sellers of
`600cr in the cash market segment.
 Yesterday, a further unwinding was observed in the
5400 and above put options. However, call options
continued to add significant open interest. The option
data suggests that the further correction may come in
the market.
 RPOWER is showing continuous correction. Still it is
not any sign of strength. We may see a further
correction up to `110. Traders can trade with
negative bias with a stop loss of `120.
 Some buying was visible in VIDEOIND. We may see
a positive move up to `188-190 levels. Traders can
trade with positive bias with stop loss of `175.