Weekly Derivative Futures Roundup for the week ended January 06, 2014 :: HDFC Securities

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Nifty futures basis is on the lower side as Nifty has fallen 3% in 2 sessions, which suggest creation of short positions in Nifty future. OI
in Nifty future is on the lower side compared to its earlier month & moved sideways for entire month. IV is currently rising from last 2
sessions, which suggests current trend may remain in the market for coming sessions. If Nifty sustains above 8085 level in coming
sessions then traders may see trend reversal, which could lead Nifty up to 8360. In Nifty trades below 8085 level then traders could see
down trend up to 7975 level.
Overall Market review:
For the week ended January 06, 2014, Nifty January Futures closed down by 167 points or 2.02 %. Among sectoral indices, CNX IT
Futures was the largest loser down by 1.94% followed Bank Nifty Future down by 1.80%. The week ended 06th January saw total
turnover fell by 39.66%. The Stock futures segment saw decreased in turnover by 45.50% followed by Index future 28.33%. The total
number of contracts traded was also down by 41.47%.

LINK

http://www.hdfcsec.com/Share-Market-Research/Research-Details/FNOReports/3010569