12 July 2011

Derivative Report - July 12, 2011 -Angel Broking,

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Comments
 The Nifty futures’ open interest increased by 1.25% while
Minifty futures’ open interest decreased by 6.99% as
market closed at 5616.10 levels.
 The Nifty July future closed at a premium of 0.95 points,
against a premium of 16.65 points in the last trading
session, while the Aug futures closed at a premium of
17.50 points.
 The Implied Volatility of at the money options increased
from 16.80% to 18.00%.
 The PCR-OI decreased from 1.25 to 1.20 points.
 The total OI of the market is `123,093cr and the stock
futures OI is `33,575cr.
 Few liquid stocks where CoC is positive are GTLINFRA,
BAJAJHLDNG, 3IINFOTECH, TRIVENI and MAX.
View
 FIIs continued to form short positions in the Index
futures and the stock futures. They were net buyers of
`433cr in the cash market segment.
 Yesterday, the 5700 and 5800 call options added
huge open interest and unwinding was observed in
the 5900 call option and the 5600 and 5700 put
options.
 After some short covering buying was observed in
NTPC. Now the stock is showing some weakness.
CoC has also turned to negative. We may see a
negative move in the counter up to `178. Traders
should use the stop loss of `194.
 After long build up, some unwinding was observed in
CHAMBLFERT. Stock is trading around its resistance
levels. We may see a negative move up to `76.
Traders can trade with negative bias with a stop loss
of `83.50.

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