July 05, 2011 -Derivative Report India Research : Angel Broking,

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Comments
 The Nifty futures’ open interest increased by 4.77% while
Minifty futures’ open interest increased by 6.53% as
market closed at 5650.50 levels.
 The Nifty July future closed at a premium of 15.35
points, against a premium of 11.20 points in the last
trading session, while the Aug futures closed at a
premium of 32.00 points.
 The Implied Volatility of at the money options decreased
from 16.80% to 16.50%.
 The PCR-OI has increased from 1.23 to 1.25 points.
 The total OI of the market is `104,060cr and the stock
futures OI is `31,765cr.
 Few liquid stocks where CoC is positive are FSL, DCHL,
TATAGLOBAL, KSOILS and INDIAINFO.

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 FIIs formed long positions in the Index futures though

they formed some short positions in the Stock futures.

They were net buyers of `1,132cr in the cash market

segment.

 In the last trading session, considerable build up was

observed in the 5700 and 5800 call options and

5500 and 5600 put options.

 UNIONBANK added around 20% open interest in the

last trading session and CoC has also increased. We

may see a positive move in the counter up to `312.

Traders can trade with positive bias with a stop loss

of `294.

 PTC has given a positive move due to short covering.

Stock still has some short positions. Further short

covering may pull up the stock to `84. Traders can

trade with positive bias around `79 with a stop loss

of `77.