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WEEKLY
OPTION & DERIVATIVE REPORT

Nifty Still In Stuck Range !!

26th April 2010 to 01st May 2010
 Weekly Report Derivatives
26th April to 01st May 2010
RESEARCH

Derivative Wrap

Nifty

Sentiment Indicator Nifty:

Particulars 23rd April 2010 16th April 2010 %Change

Spot Nifty 5304.10 5262.60 +0.79

Nifty Futures Apr. 5305.00 5263.05 +0.80

Nifty CoC (%) +1.03 +0.24 +329.16

Open Interest 30544700 28793800 +6.08

Volume 510737 421960 +21.03

Nifty Snap
Last week the Nifty Index managed to give a close above its 5300 Mark at 5304.10 gaining 0.79%. On the
derivatives front we can seen that the Nifty futures prices gained along with rise in open interest and increase in
the cost of carry, this is an indication of long built at lower levels. For the coming week Nifty would continue to
face Resistance at 5410 levels, a crossover above this mark will only provide further strength to it and in that
case the upward march may continue towards 5478/5545 levels whereas on the downside strong support
would continue to exist at 5200/5160 levels.

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 Weekly Report Derivatives
26th April to 01st May 2010
RESEARCH

Derivative Wrap

Bank Nifty

Sentiment Indicator Bank Nifty:

Particulars 23rd April 2010 16th April 2010 %Change
Spot Bank Nifty 9813.30 9353.75 +4.91

Bank Nifty Futures Apr 9792.60 9365.35 +4.56

BankNifty CoC (%) -12.83 +3.48 -468.67

Open Interest 1519000 1198750 +26.71

Volume 34349 29460 +16.59

Bank Nifty Snap

The Bank Nifty Index last week ended with excellent gains of 4.91% and closed above its 9800 Mark at
9813.30. If we gauge at the weekly derivative statistics we can see that the Bank Nifty Future prices surged
along with overall addition of open interest but with decline in the cost of carry, this is an indication of some
shorting leaping in it at higher levels. For the coming week immediate Resistance for Bank Nifty is seen at 9833
above which it may continue to head towards its 9890/9950 and higher levels whereas on the downside strong
Support continues to exist at 9600/9475 levels.

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 Weekly Report Derivatives
26th April to 01st May 2010
RESEARCH

Derivative Wrap

CNX IT

Sentiment Indicator CNX IT:

Particulars 23rd April 2010 16th April 2010 %Change

Spot CNX IT 6016.15 6142.85 -2.06

CNX IT Futures Apr 6028.20 6149.10 -1.96

CNX IT CoC (%) +12.27 +2.85 +330.52

Open Interest 35100 43700 -19.68

Volume 114 268 -57.46

CNX IT Snap
The CNX IT Index ended on a weak note last week losing 2.06% at 6016.15 levels. On the derivatives front we
can see that the CNX IT futures plunged along with an overall shredding of open interest and surge in the cost
of carry, this is an indication of some longs being built at lower levels. For the coming week CNX IT Index
Resistance is seen at 6085/6132 levels whereas major Resistance is seen at its top made at 6230 levels, on the
downside Support is seen at 5975/5940/5925 levels, if these supports are breached then the selling pressure
may continue to prevail and the next major support is seen in the vicinity of 5870/5840.

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 Weekly Report Derivatives
26th April to 01st May 2010
RESEARCH

Options Snap

From the OI Concentration Chart (May Series) we can see that maximum addition of open interest on the put
options front is seen at strike price of 5200 indicating it as a very strong support on the downside whereas on
the call options front we have seen maximum addition of open interest at strike price of 5400 and 5600
indicating it as Resistance levels on the upside.

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 Weekly Report Derivatives
26th April to 01st May 2010
RESEARCH

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