25 October 2010

Derivative Report India Research Oct 25, 2010 :: Angel Broking,

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Comments
 The Nifty futures’ open interest decreased by 2.51%
while Minifty futures’ open interest increased by 1.61%
as market closed at 6066.05 levels.
 The Nifty Oct future closed at a premium of 23.70
points, against a premium of 33.65 points in the last
trading session. On the other hand, Nov future closed
at a premium of 50.15 points.
 The PCR-OI decreased from 1.27 to 1.20 points.
 The Implied volatility of At-the-money options
remained at 18.00%.
 The total OI of the market is `1,89,918cr and the
stock futures OI is `53,794cr.
 Rollover for Nifty futures is 17.88%, Minifty futures is
31.38%, while market-wide rollover is 21.94%.



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 FIIs have formed some short positions in the stock
futures. They were net buyers of `584cr in the cash
market segment.
 In the last trading session, 6100 and 6200 call
options added substantial open interest. On the
other hand, unwinding was observed in the 5900
and 6100 put options.
 OPTOCIRCUI added around 50% open interest in
the past few trading sessions. We may see a
positive move in the stock due to short covering. It is
advisable to form long for the target of `315. Keep
a stop loss of `292.
 INDIACEM has its immediate support around `112.
Negative move up to the support can be used to
trade with positive bias for the target of `120 with a
stop loss of `108.

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