Derivative Report - August 01, 2011:: Angel Broking,

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 The Nifty futures’ open interest decreased by 25.69%
while Minifty futures’ open interest decreased by 22.23%
as market closed at 5482.00 levels.
 The Nifty Aug future closed at a premium of 6.05 points,
against a premium of 10.95 points in the last trading
session, while the Sep futures closed at a premium of
22.85 points.
 The Implied Volatility of at the money options increased
from 17.00% to 18.60%.
 The PCR-OI increased from 0.84 to 1.12 points.
 The total OI of the market is `103,477cr and the stock
futures OI is `31,975cr.
 Few liquid stocks where CoC is positive are TRIVENI,
LITL, PANTALOONR, MCLEODRUSS and WELCORP.


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 FIIs formed short positions in the Index futures and
formed some long positions in the stock futures. They
were net sellers of `464cr in the cash market
segment.
 In the last trading session, most of the call and put
options added significant open interest. Moreover,
the 5100 put added huge open interest.
 WIPRO closed around its important support of `390.
Stock has significant short positions. We may see a
positive move in the counter due to short covering up
to `410. Traders can form long positions with a stop
loss of `382.
 Due to profit booking we may see some correction in
TATAPOWER up to `1235-1240. Traders can trade
with negative bias around `1280-1285 with a stop
loss of `1305.