20 July 2011

July 20, 2011- Derivative Report India Research

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Comments
 The Nifty futures’ open interest increased by 0.75% while
Minifty futures’ open interest increased by 1.31% as
market closed at 5613.55 levels.
 The Nifty July future closed at a premium of 10.75
points, against a premium of 5.70 points in the last
trading session, while the Aug futures closed at a
premium of 30.90 points.
 The Implied Volatility of at the money options decreased
from 17.90% to 17.20%.
 The PCR-OI increased from 1. 20 to 1.25 points.
 The total OI of the market is `137,531cr and the stock
futures OI is `34,760cr.
 Few liquid stocks where CoC is positive are MOSERBAER,
RUCHISOYA, JPPOWER, MLL and MCDOWELL-N.
View
 Interestingly, though the market was positive, FIIs
unwound some of their long positions in the Index
futures. They were net buyers of `293cr in the cash
market segment
 Yesterday, significant buildup was observed in the
5500 to 5700 put options and unwinding in the
5600 call option.
 UCOBANK has considerable short positions. Due to
short covering and fresh buying we may see a
positive move in the counter up to `94-95. Traders
can trade with positive bias with a stop loss of `88.
 We may see a positive move in HDIL. Yesterday, the
stock added around 12% open interest and CoC has
also increased. The stock may give a positive move
up to `167-168. Keep a stop loss of `157.

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