Monday, November 15, 2010

Derivative Report- November 16, 2010

 The Nifty futures’ open interest increased by 3.05%
while Minifty futures’ open interest decreased by
8.04% as market closed at 6121.60 levels.
 The Nifty Nov future closed at a premium of 18.65
points, against a premium of 19.90 points in the last
trading session. On the other hand, Dec future closed
at a premium of 57.00 points.
 The PCR-OI increased from 1.13 to 1.15 points.
 The Implied volatility of At-the-money options
decreased from 20.00% to 18.00%.
 The total OI of the market is `1,71,561cr and the
stock futures OI is `50,040cr.
 Few liquid counters where cost of carry is positive are
COREPROTEC, ALOKTEXT, CROMPGREAV, RENUKA
and TVSMOTOR.






View
 FIIs have formed some short positions in the Index
futures. They were net buyers of `314cr in the cash
market segment.
 Yesterday, significant unwinding was observed in
the 6400 and 6500 call options and some build up
was observed in out-of-money put options.
 After correction from higher levels, NEYVELILIG is
showing support around `150. Positive CoC has
also increased. We may see positive move in the
stock up to `165. Traders can with positive bias
around `152 with a stop loss of `146.
 GTOFFSHORE has immediate support around
`377. Negative move around support can be used
to form long for the target of `395 with a stop loss
of `370.

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