GLOBAL RESEARCH LIMITED

DERIVATIVES
W E E K L Y

11th Apr - 15th Apr 2011

“Markets cools off with Oil on Boil”

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DERIVATIVES
N I F T Y

The Nifty April future closed -6.45 pts or -0.11 % lower at 5854.90. The Nifty future closed with
the mild losses and witnessed an increased of open interest by 4.57 % and decreased in the cost
of carry by -50.79 %. It indicates addition of short position and Nifty future may show some
more correction in the short run.

Sentiment Indicator Nifty

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Particulars 1st April. 2011 8th April. 2011 %Change

E

Spot Nifty 5,842.00 5,826.05 0.27

E

Nifty Futures (Feb) 5,854.90 5,861.35 -0.11

Nifty CoC (%) 4.03 8.19 -50.79

K

Open Interest 27,085,000 25,901,850 4.57

L

Volume 397,494 337,188 17.88

Y

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DERIVATIVES
B A N K N I F T Y

Last week the Bank Nifty Index ended with gains of 5.05% after the Budget announcement. On
the derivatives front we have seen that the Bank Nifty Futures prices ended with gains along with
decline in the cost of carry and decline in open interest, this is an indication of profit booking
being witnessed at higher levels. For the coming week, immediate Resistance for Bank Nifty is
seen at 11300 levels, above this level the next resistance is seen at 11545 whereas on the
downside support for the Index is seen at 10510/10270.

Sentiment Indicator Bank Nifty

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Particulars 1st April. 2011 8th April. 2011 %Change

E

Spot Bank Nifty 11,673.25 11,590.95 0.71

E

Bank Nifty Futures (Feb) 11,711.60 11,677.10 0.30

Bank Nifty CoC (%) 6.00 10.05 -40.30

K

Open Interest 930,450 861,000 8.07

L

Volume 66,831 52,831 26.50

Y

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DERIVATIVES
C N X I T

The CNX IT April future closed +43.75 pts or +0.61 % higher at 7197.05. The IT future closed
with the mild gains and witnessed an increased of open interest by 34.05 % and decreased in
the cost of carry by 12.95 %. It indicates some fresh positions were accumulated in the short side
and so some correction can be seen in it in the short run.

Sentiment Indicator CNX IT

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Particulars 1st April. 2011 8th April. 2011 %Change

E

Spot CNX IT 7,168.80 7,109.85 0.83

E

CNX IT Futures (Feb.) 7,197.05 7,153.30 0.61

CNX IT CoC (%) 7.19 8.26 -12.95

K

Open Interest 37,600 28,050 34.05

L

Volume 273 197 38.58

Y

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DERIVATIVES
O P T I O N S N A P

On the call options front addition of open interest was witnessed in the last trading week at strike
price of 6000 and 5900.
On the put options front we have seen addition of open interest in the last trading week at strike
price of 5700 and 5800.
OI Chart Analysis: In coming sessions market may trade in a range of 5700-6000. The call
option strike price with the maximum number of open interest i.e. 6000-5900 will act as major
resistance level where as the put option strike price with the maximum number of open interest
i.e. 5700-5800 will act as major support level.

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