June 24, 2011:: Derivative Report India Research: Angel Broking,

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 The Nifty futures’ open interest decreased by 1.33% while
Minifty futures’ open interest decreased by 8.81% as
market closed at 5320.00 levels.
 The Nifty June future closed at a discount of 3.80 points,
against a premium of 4.95 points in the last trading
session, while the July future closed at a premium of
5.00 points.
 The Implied Volatility of at the money options decreased
from 19.25% to 15.50%.
 The PCR-OI increased from 1.02 to 1.07 points.
 The total OI of the market is `1,42,844cr and the stock
futures OI is `32,909cr.
 Few liquid stocks where CoC is positive are UNITECH,
KFA, RELMEDIA, VIDEOIND and INDIAINFO.
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 FIIs again covered some of their short positions in the
Index futures. They were net buyers of `229cr in the
cash market segment.
 Yesterday, the 5200 and 5300 put options added
significant open interest and unwinding was observed
in most of the call options. IV has also decreased
significantly. Thus, over all option data is suggesting
a positive move in the market.
 IVRCLINFRA is trading around its important support
levels of 62-63. Some build up was observed from
lower levels and CoC has also increased
considerably. We may see a positive move in the
counter up to `70. Traders can form long positions
with a stop loss of `60.
 Banking counters are showing strength. We may see
buying in many mid cap banking counters like ALBK,
ANDHRABANK and BANKINDIA. Traders can use buy
on dips strategy in these counters.