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RESEARCH

WEEKLY
DERIVATIVES REPORT
Blend Of Short Covering & Long Builds Witnessed Last Week!

12th Jul 2010 to 17th Jul 2010

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 Weekly Report Derivatives
12th JulWeekly
to 17th Commodity
Jul 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - Nifty

Sentiment Indicator Nifty:

Particulars 9th July 2010 2nd July 2010 %Change

Spot Nifty 5352.45 5237.10 +2.20

Nifty Futures July 5354.05 5250.85 +1.96

Nifty CoC (%) +0.54 +3.55 -84.78

Open Interest 33142700 33592800 -1.34

Volume 333594 429776 -22.37

Nifty Snap
Last week the Nifty surged more than 2% and closed above its 5300 Mark at 5352.45. On the derivatives front
the Nifty Futures prices ended at a premium of about 2 points in comparison to premium of 14 points last week.
The Nifty futures prices ended in the positive terrain along with an overall shredding of open interest and
decline in the cost of carry in comparison to the previous week, this is an indication of some profit booking
coming at higher levels but overall it's a long accumulation. For the coming week Nifty will continue to face
Resistance at its recent top of 5370-5400 and crossover above this mark decisively will only provide strength to
it and in that case Nifty might head towards its Next Resistance mark of 5550 whereas on the downside
Support continues to exist in the zone of 5200-5170 and a breach of this on the downside may warn caution
and the next Supports are seen at 5140-5100 Levels.

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 Weekly Report Derivatives
12th JulWeekly
to 17th Commodity
Jul 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - Bank Nifty

Sentiment Indicator Bank Nifty:

Particulars 9th July 2010 2nd July 2010 %Change
Spot Bank Nifty 9713.70 9357.15 +3.81

Bank Nifty Futures July 9686.60 9359.75 +3.49

BankNifty CoC (%) -5.09 +0.37 -1475.67

Open Interest 1813050 1759350 +3.05

Volume 44904 42040 +6.81

Bank Nifty Snap

The Bank Nifty Index last week surged nearly 4% and ended at 9713.70. On the derivatives front the Bank Nifty
futures prices surged along with decline in the cost of carry in comparison to the previous week and addition of
open interest, this is an indication that some shorts are being built at higher levels. For the coming week Bank
Nifty Index will continue to face Resistance at its 9793-9931 levels whereas on the downside Support is seen at
9415-9300 levels.

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 Weekly Report Derivatives
12th JulWeekly
to 17th Commodity
Jul 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - CNX IT

Sentiment Indicator CNX IT:

Particulars 9th July 2010 2nd July 2010 %Change

Spot CNX IT 6108.40 5836.30 +4.66

CNX IT Futures July 6106.35 5853.20 +4.32

CNX IT CoC (%) -0.61 +3.91 -115.60

Open Interest 17900 13250 +35.09

Volume 258 158 +63.29

CNX IT Snap
Last week the CNX IT Index surged along with other indices and managed to give a close above its 6100 Mark at
6108.40. On the derivatives front the CNX IT Futures prices surged along with decline in the cost of carry in
comparison to the previous week and addition of 35% in open interest, this is an indication of some shorts
being built at higher levels. For the coming week the CNX IT Index will face Resistance at its 6230/6300 levels
whereas on the downside Support is seen at 5875/5730 levels.

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 Weekly Report Derivatives
12th JulWeekly
to 17th Commodity
Jul 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Options Snap

From the OI Concentration Chart July series we can see that the maximum accumulation of open interest on
the put options front is seen at strike price of 5400-5500 indicating it as hurdle on the upside whereas on the
put options front we can see that the maximum open interest concentration is seen at strike price of 5200
indicating it as a good support on the downside.

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 Weekly Report Derivatives
12th JulWeekly
to 17th Commodity
Jul 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

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