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RESEARCH

WEEKLY
DERIVATIVES REPORT
Strong Support At 6000 Mark!

11th Oct 2010 to 16th Oct 2010

6000
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Weekly Report Derivatives
11th OctWeekly Commodity
to 16th Oct 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - Nifty

Sentiment Indicator Nifty:


Particulars 08th Oct. 2010 01st Oct. 2010 %Change

Spot Nifty 6103.45 6143.40 -0.65

Nifty Futures ( Oct) 6133.45 6176.30 -0.69

Nifty CoC (%) +8.97 +7.23 +24.06

Open Interest 28834100 29197250 -1.24


Volume 436097 488546 -10.73

Nifty Snap
Last week the Nifty Index witnessed selling pressure at higher levels and ended at 6103.45 levels losing 0.65%
on weekly basis. On the derivatives front we have seen that the Nifty Futures prices declined along with a
nominal shredding of open interest but with a surge in the cost of carry, this is an indication of long closure at
higher levels. For the coming week the Nifty Index has strong supports at 5990-5900 levels, if we continue to
sustain decisively below the 5900 levels than caution is advised as below these levels the selling pressure may
continue and in that case the next supports are at 5775-5786 levels whereas on the upside resistance is seen at
6223 levels a sustenance above this mark decisively can provide further strength to our markets and in that case
the next resistance is seen at 6260/6357 levels.

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Weekly Report Derivatives
11th OctWeekly Commodity
to 16th Oct 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - Bank Nifty

Sentiment Indicator Bank Nifty:


Particulars 08th Oct. 2010 01st Oct. 2010 %Change
Spot Bank Nifty 12473.40 12556.75 -0.66

Bank Nifty Futures (Oct) 12530.55 12596.50 -0.52

BankNifty CoC (%) +8.36 +4.28 +95.32

Open Interest 1687850 1805475 -6.51


Volume 51352 59668 -13.93

Bank Nifty Snap


Last week the Bank Nifty Index also ended lower at 12473.40 levels losing 0.66%. On the derivatives front we
have seen that the Bank Nifty Futures prices have witnessed decline along with some shredding of open
interest but increase in the cost of carry, this is an indication of long closures at higher levels. For the coming
week the Bank Nifty Index would continue to supports at 11905 levels whereas resistance for the index is seen
at 12738-13113 levels.

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Weekly Report Derivatives
11th OctWeekly Commodity
to 16th Oct 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - CNX IT

Sentiment Indicator CNX IT:


Particulars 08th Oct. 2010 01st Oct. 2010 %Change

Spot CNX IT 6710.65 6759.15 -0.71

CNX IT Futures (Oct) 6738.70 6778.85 -0.59

CNX IT CoC (%) +7.62 +3.94 +93.40

Open Interest 13450 12600 +6.74


Volume 214 211 +1.42

CNX IT Snap
Last week the CNX IT Index also declined 0.71% and ended at 6710.65 Mark. On the derivative front we have
seen that the CNX IT Futures prices have declined along with an overall addition of open interest and increase in
the cost of carry, this is an indication of some longs being built at lower levels. For the coming week the CNX IT
index is likely to find supports at 6522/6474 levels whereas immediate resistance is seen at 6770 levels , above
this mark the next resistance is seen at 6867 levels ; a crossover above the 6867 levels will continue the march in
the CNX IT Index.

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Weekly Report Derivatives
11th OctWeekly Commodity
to 16th Oct 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Options Snap

From the OI Concentration (Oct. Series) we can see that maximum addition of open interest on the call options
front is existent at strike price of 6200-6300 indicating it as the resistance zone on the upside whereas on the
put options front we have seen maximum addition of open interest at strike price of 6000 indicating it as a
strong support on the downside.

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Weekly Report Derivatives
11th OctWeekly Commodity
to 16th Oct 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

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