Derivative Report -Angel Broking, India Research Dec 08, 2010

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Comments
 The Nifty futures’ open interest decreased by 3.48%
while Minifty futures’ open interest decreased by
0.24% as market closed at 5976.55 levels.
 The Nifty Dec future closed at a premium of 32.95
points, against a premium of 9.4 points in the last
trading session. On the other hand, Jan future closed
at a premium of 56.25 points.
 The PCR-OI decreased from 1.22 to 1.21 points.
 The Implied volatility of At-the-money options was at
the same level of 16.20%.
 The total OI of the market is `1,44,403cr and the
stock futures OI is `39,899cr.
 Few liquid counters where cost of carry is positive are
TV-18, MOSERBAER, APOLLOTYRE, DISHTV, and
ALOKTEXT.




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 FIIs did some profit booking in the Index futures
and the Stock futures. They were net sellers of
`523cr in the cash market segment.
 Yesterday, no considerable changes were observed
in Index options however, 3000 call of SBIN and
1200 call of ICICIBANK added significant open
interest.
 After significant correction from higher levels,
RELINFRA is moving in a narrow range since 3-4
trading sessions and fresh longs were observed.
Significant short positions are also standing in the
stock. Due to short covering, we may see a positive
move up to `890. Positional traders can trade with
positive bias with a stop loss of `816.
 Continuous shorting was observed in BPCL. It may
give further correction around `643-`645. Trading
with negative bias is advisable with a stop loss of
`675.