07 December 2010

Derivative Report -Angel Broking, India Research Dec 07, 2010

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 The Nifty futures’ open interest increased by 1.14%
while Minifty futures’ open interest increased by 1.07%
as market closed at 5992.25 levels.
 The Nifty Dec future closed at a premium of 9.4
points, against a premium of 23.95 points in the last
trading session. On the other hand, Jan future closed
at a premium of 31.30 points.
 The PCR-OI decreased from 1.26 to 1.22 points.
 The Implied volatility of At-the-money options
increased from 15.50% to16.20%.
 The total OI of the market is `1,43,425cr and the
stock futures OI is `39,571cr.
 Few liquid counters where cost of carry is positive are
RUCHISOYA, MCLEODRUSS, BRFL, INDIANB, and
STERLINBIO.




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 Yesterday, though FIIs shorted Index futures, they
formed some long positions in the stock futures.
They were net sellers of `202cr in the cash market
segment.
 Yesterday, the 6000 and 6100 put options added a
considerable open interest. On the other hand,
many call options at and above 6000 strike were
also showing good amount of build up.
 GVKPIL is trading around its strong support levels of
`40. Some fresh formations were observed in the
stock in the past few trading sessions. We may see
a positive move in the stock up to `44. Thus, buy on
dips is advisable, with a stop loss of `38.
 INDHOTEL is showing some strength. Positive move
up to `100 can be expected. Thus, traders can
trade with positive bias in the stock with a stop loss
of `92.

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