Derivative Report - July 28, 2011 -Angel Broking,

Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��


Comments
 The Nifty futures’ open interest increased by 5.82% while
Minifty futures’ open interest decreased by 11.90% as
market closed at 5546.80 levels.
 The Nifty July future closed at a premium of 1.10 points,
against a discount of 0.50 points in the last trading
session, while the Aug futures closed at a premium of
10.15 points.
 The Implied Volatility of at the money options increased
from 18.20% to 20.00% for July series and for Aug.
series it is 16.80%.
 The PCR-OI decreased from 1. 10 to 0.99 points.
 The total OI of the market is `154,329cr and the stock
futures OI is `37,219cr.
 The Nifty futures’ rollover is 51.59% and rollover of
Minifty futures is 54.10%, while the market wide rollover
is 65.46%.


View
 FIIs again formed short positions in the Index futures
and the stock futures. Their net cash positions were
muted yesterday.
 Yesterday, significant build up was observed in the
5500 and 5600 Call options and unwinding was
observed in the 5500 and above put options. In
August series, the 5600 and 5700 call and 5500 put
options added considerable open interest.
 After formations of long positions, some selling was
observed in JSWSTEEL. We may see some selling
pressure up to `825-830. Traders can trade with
negative bias in August futures with a stop loss of
`880.
 Amongst banking counters, IDFC has lowest rollover
in terms of open interest and percentage. Amongst
large cap BHEL, HDFC, PNB, SAIL and TCS witnessed
significant rollover till now.