Derivative Report - August 30, 2011 :Angel Broking,

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 The Nifty futures’ open interest decreased 3.52% while
Minifty futures’ open interest decreased by 19.15% as
market closed at 4919.60 levels.
 The Nifty Sep future closed at a premium of 13.55 point
against a premium of 0.90 points. The October Series
closed at a Premium of 24.10 points.
 The PCR-OI has increased from 1.27 to 1.28 points.
 The total OI of the market is `1,07,214cr and the stock
futures OI is `37,912cr.
 Stocks where cost of carry is positive are KTKBANK,
ADANIPOWER, LITL, INDHOTEL and GVKPIL.


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 FIIs covered some of their short positions in the Index
futures and formed some long positions in the stock
futures. They were net buyers of `366cr in the cash
market segment.
 In the last trading session, considerable build up was
observed in the 5100 and above call options and on
the put front, 4600 to 4900 strikes added significant
open interest.
 Yesterday, a blend of short covering and some
buying was observed in the market. Global cues are
also positive. SGX Nifty is suggesting a positive
opening around 5000 levels.
 HDFC has significant short positions and the stock
has given a bounce from its strong support of 620-
622 levels. We may see further short covering in the
counter up to `665-668. Traders can trade with
positive bias with a stop loss of `635.
H i s t o r i c a l V o l a t i lity
SCRIP HV
ABIRLANUVO 45.04%
KOTAKBANK 45.78%
ANDHRABANK 40.09%
IFCI 83.96%
JINDALSTEL 54.95%