Global Research Limited

Market

DERIVATIVE

Week : July 25th to 29th July 2011

REPORT

WEEKLY
Analyst Speak

India Joins Global Rally, Banks Lead The Charge

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Week : July 25th to 29th July 2011

Week : July 25th to 29th July 2011

Weekly Analysis
NIFTY

Weekly Analysis
BANK NIFTY

Expert

Weekly Chart

Observation
TECHNICAL OVERVIEW

8th July 5,627.202011

Expert

Observation
TECHNICAL OVERVIEW
Bank Nifty index closed at 11,291.95 with the gain of 57.40 or 0.51 %. The Bank Nifty July future finally settles at 64.45 pts or 0.57% higher at 11,310.60 and increases 18,150 shares in the open interest. The Bank Nifty future came to a premium of 18.60 from premium of 11.60 earlier, whereas cost of carry is 10.04 vs. 2.90. Bank Nifty future has closed at 11,310.60 and now next logical resistance is at 11495 and 11588 levels, and good support near 11200 and 11000 levels

Nifty index closed at 5633.95 with the gain of 52.85 or 0.95 %. The Nifty July future finally settles at 58.6 pts or 1.05% above at 5645.55 and decreased 2,24,600 shares in the open interest. The Nifty future premium turned to the premium of 12 from the premium of 5.85 whereas cost of carry is 12.52 vs.2.94. Nifty future has closed at 5645.55 and now next logical resistance is at 5670 and 5760 levels, and good support near 5530 and 5500 levels.

Sentiment Indicator Nifty

Particulars
Spot Nifty Nifty Futures (July) Nifty CoC (%) Open Interest Volume

Sentiment Indicator Bank Nifty

22nd July 2011
5,633.95 5,645.55 12.52 2,29,01,400 4,16,230

15th July 2011

5,581.10 5,586.95 2.94 2,31,26,000 3,49,829

%Change
0.95 1.05 3.25 -0.97 18.98

Particulars
Spot Bank Nifty Bank Nifty Futures (July) Bank Nifty CoC (%) Open Interest Volume

22nd July 2011

11,285.15 11,310.60 10.04 10,74,825 48,545

15th July 2011

11,234.55 11,246.15 2.90 10,56,675 37,990

%Change
0.51 0.57 246.20 1.72 27.78

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Weekly Chart

Week : July 25th to 29th July 2011

Week : July 25th to 29th July 2011

Weekly Analysis
CNX IT

Weekly Analysis
OPTION SNAP

Weekly Chart

Expert

Observation
TECHNICAL OVERVIEW
The CNX IT Index closed at 6438.50 with the gain of 92.45 points or 1.46%. The CNX IT July future finally settles at 66.5 pts or 1.04% higher at 6430.40 and decreased 4,800 shares in the open interest. The CNX IT future premium turned to a premium of 8.10 from premium of 17.85 earlier, whereas cost of carry is 7.65 vs. 7.90. CNX IT future has closed at 6430.40 and now next logical resistance is at 6510.10 and 6600 levels, and good support near 6290 levels.

Expert

Observation
TECHNICAL OVERVIEW
On the call options front addition of open interest was witnessed in the last trading week at strike price of 5700 and 5800. On the put options front we have seen addition of open interest in the last trading week at strike price of 5400 and 5500. OI Chart Analysis: In coming sessions market may trade in a range of 5500-5800. The call option strike price with the maximum number of open interest i.e. 5700 will act as major resistance level where as the put option strike price with the maximum number of open interest i.e. 5500 will act as major support level.

Sentiment Indicator CNX IT

Particulars
Spot CNX IT CNX IT Futures (July) CNX IT CoC (%) Open Interest Volume

22nd July 2011

6,438.50 6,430.40 7.65 19,550 211

15th July 2011

6,346.05 6,363.90 7.90 24,350 211

%Change
1.46 Disclaimer 1.04 -3.16 19.71 0
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Weekly Chart

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