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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