Derivative Report - July 13, 2011::Angel Broking,

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Comments
 The Nifty futures’ open interest increased by 0.51% while
Minifty futures’ open interest increased by 8.20% as
market closed at 5526.15 levels.
 The Nifty July future closed at a premium of 13.80
points, against a premium of 0.95 points in the last
trading session, while the Aug futures closed at a
premium of 29.55 points.
 The Implied Volatility of at the money options increased
from 18.00% to 19.75%.
 The PCR-OI decreased from 1.20 to 1.15 points.
 The total OI of the market is `125,816cr and the stock
futures OI is `33,500cr.
 Few liquid stocks where CoC is positive are RUCHISOYA,
MLL, RENUKA, ALOKTEXT and ABB.
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 FIIs continued to form short positions in the Index
futures and the stock futures. They were net sellers of
`969cr in the cash market segment.
 Yesterday, huge build up was observed in the 5500
and 5600 call options and 5500 put option.
However, unwinding was observed from 5600 to
5800 put options.
 In the past few trading sessions, SAIL added
significant short positions. Due to short covering we
may see a positive move in the counter up to `136-
138. Traders can form long positions with a stop loss
of `126.
 After outperforming in the past few trading sessions,
selling was observed in IDEA. We may see further
correction in the counter as negative CoC has
increased considerably. Traders can trade with
negative bias for the target of `73-74. Keep a stop
loss of `81.