14 July 2011

Derivative Report - July 14, 2011 :Angel Broking,

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Comments
 The Nifty futures’ open interest decreased by 2.45% while
Minifty futures’ open interest decreased by 9.92% as
market closed at 5585.45 levels.
 The Nifty July future closed at a premium of 14.30
points, against a premium of 13.80 points in the last
trading session, while the Aug futures closed at a
premium of 29.45 points.
 The Implied Volatility of at the money options decreased
from 19.75% to 17.60%.
 The PCR-OI increased from 1.15 to 1.20 points.
 The total OI of the market is `128,983cr and the stock
futures OI is `34,430cr.
 Few liquid stocks where CoC is positive are FSL,
MOSERBAER, UNITECH, 3IINFOTECH and LITL.
View
 FIIs covered some of their short positions in the Index
futures. They were net buyers of `316cr in the cash
market segment.
 Yesterday, unwinding was observed in the 5500 and
5600 call options and build up was observed in the
5400 and 5500 put options. During the day IV has
decreased considerably.
 CIPLA is showing some long formations in the last
trading sessions. We may see a positive move in the
counter up to `335. Traders can trade with positive
bias around `320-322 levels. Keep a stop loss of
`315.
 In UNITECH some buying was observed in the last
trading session. We may see a positive move up to
`35-36. Traders can trade with positive bias around
`32 with a stop loss of `30.50.

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