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Market

DERIVATIVE

Week : July 11th to 15th July 2011

REPORT

WEEKLY
Analyst Speak

Strong Support in Nifty at 5615

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Week : July 11th to 15th July 2011

Week : July 11th to 15th July 2011

Weekly Analysis
NIFTY

Weekly Analysis
BANK NIFTY

Weekly Chart

Expert

Observation
TECHNICAL OVERVIEW

8th July 5,627.202011

Expert

Observation
TECHNICAL OVERVIEW
Bank Nifty index closed at 11,285.15 with the gain of 30.15 or 0.27 %. The Bank Nifty July future finally settles at 27.05 pts or 0.24% higher at 11,322.55 and increased 65,500 shares in the open interest. The Bank Nifty future came to a premium of 37.40 from premium of 40.50 earlier, whereas cost of carry is 6.05 vs. 4.86. Bank Nifty future has closed at 11322.55 and now next logical resistance is at 11495 and 11588 levels, and good support near 11200 levels.

Nifty index closed at 5660.65 with the gain of 33.45 or 0.59 %. The Nifty July future finally settles at 33.90 pts or 0.60% higher at 5672.30 and increased 21,89,150 shares in the open interest. The Nifty future premium turned to the premium of 11.65 from the premium of 11.20 whereas cost of carry is 3.76 vs. 2.69. Nifty future has closed at 5672.30 and now next logical resistance is at 5750 and 5800 levels, and good support near 5615 levels.

Sentiment Indicator Nifty

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

Sentiment Indicator Bank Nifty

8th July 2011
5,660.65 5,672.30 3.76 23,577,750 324,479

1st July 2011

5,627.20 5,638.40 2.69 21,388,600 262,280

%Change
0.59 0.60 39.78 10.24 23.71

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

8th July 2011

11,285.15 11,322.55 6.05 1,057,750 43,642

1st July 2011

11,255.00 11,295.50 4.86 992,250 40,148

%Change
0.27 0.24 24.49 6.60 8.70

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Weekly Chart

Week : July 11th to 15th July 2011

Week : July 11th to 15th July 2011

Weekly Analysis
CNX IT

Weekly Analysis
OPTION SNAP

Weekly Chart

Expert

Observation
TECHNICAL OVERVIEW
The CNX IT Index closed at 6723.85 with the gains of 49.10 points or 0.74%. The CNX IT July future finally settles at 60.35 pts or 0.90% higher at 6753.15 and added 10350 shares in the open interest. The CNX IT future premium turned to a premium of 29.30 from premium of 18.05 earlier, whereas cost of carry is 7.95 vs. 3.66. CNX IT future has closed at 6753.15 and now next logical resistance is at 6850 and 6925 levels, and good support near 6660 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 5400-5800. The call option strike price with the maximum number of open interest i.e. 5800 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

8th July 2011

6,723.85 6,753.15 7.95 26,050 205

1st July 2011

6,674.75 6,692.80 3.66 15,700 81

%Change
0.74 Disclaimer 0.90 117.21 65.92 153.09
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Weekly Chart

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