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RESEARCH

WEEKLY
DERIVATIVES REPORT
Bulls Came With Bang To Take Nifty Beyond 5500 !

23rd Aug 2010 to 28th Aug 2010

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 Weekly Report Derivatives
Weekly
23rd Aug to Commodity
28th Aug 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - Nifty

Sentiment Indicator Nifty:

Particulars 20th Aug. 2010 13th Aug. 2010 %Change

Spot Nifty 5530.65 5452.10 +1.44

Nifty Futures August 5522.55 5456.45 +1.21

Nifty CoC (%) -8.90 +2.24 -497.32

Open Interest 40193900 36876350 +8.99

Volume 311962 377088 -17.27

Nifty Snap
Last week the Nifty Index hit a fresh 52 weeks high of 5546.60 and closed at 5530.65 with weekly gains of
1.44%. On the derivatives front the Nifty Futures prices have surged with decline in the cost of carry and
addition of open interest, this is an indication of some shorts being built at higher levels. For the coming week
Nifty will continue to face resistance in the zone of 5550-5580 and decisive breakout above this range can take
it to 5650 in short term whereas on the downside now the support range has shifted to 5378-5400 levels from
earlier base of 5280.

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 Weekly Report Derivatives
Weekly
23rd Aug to Commodity
28th Aug 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - Bank Nifty

Sentiment Indicator Bank Nifty:

Particulars 20th Aug. 2010 13th Aug. 2010 %Change
Spot Bank Nifty 11033.75 10737.35 +2.76

Bank Nifty Futures August 11020.10 10720.15 +2.79

BankNifty CoC (%) -7.52 -0.16 -4600.00

Open Interest 3542275 3304775 +7.18

Volume 54363 60805 -10.59

Bank Nifty Snap

Last week the Bank Nifty Index hit an all time high of 11126.95 and closed at 11033.75 gaining 2.76%. On the
derivatives front the Bank Nifty Futures prices have slipped into discount. The cost of carry is negative with an
overall addition of open interest; this is an indication of shorts being built at higher levels in it. For the coming
week the Bank Nifty would continue to face resistance at its 11200-11565 levels whereas support for the index
is seen at 10778/10542/10365 levels.

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 Weekly Report Derivatives
Weekly
23rd Aug to Commodity
28th Aug 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - CNX IT

Sentiment Indicator CNX IT:

Particulars 20th Aug. 2010 13th Aug. 2010 %Change

Spot CNX IT 6128.60 6116.70 +0.19

CNX IT Futures August 6115.20 6128.65 -0.002

CNX IT CoC (%) -13.30 +5.48 -342.70

Open Interest 22350 18800 +18.88

Volume 220 278 -20.86

CNX IT Snap
The CNX IT Index last week ended flat at 6128.60 levels. On the derivatives front the CNX IT futures prices have
ended flat along with an overall addition of open interest and decline in the cost of carry, this is an indication of
shorts being built at higher levels. For the coming week the CNX IT Index would continue to face resistance at its
6220/6300 levels whereas support for the index is seen at 6055/5990 levels.

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 Weekly Report Derivatives
Weekly
23rd Aug to Commodity
28th Aug 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Options Snap

From the OI Concentration (Sept. Series) we can see that maximum addition of open interest on the call options
front is existent at strike price of 5600 & 5700 (with nearly 44 lakh shares outstanding in open interest
respectively) indicating this 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 5400 (with 52.57 lakh shares outstanding in open interest)
indicating it as a strong support on the downside.

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 Weekly Report Derivatives
Weekly
23rd Aug to Commodity
28th Aug 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

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