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RESEARCH

WEEKLY
DERIVATIVES REPORT
Bulls Bucked Up, To Take Nifty Beyond Its 5100 Mark!

07th Jun 2010 to 12th Jun 2010

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 Weekly Report Derivatives
07th JunWeekly Commodity
to 12th Jun 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - Nifty

Sentiment Indicator Nifty:

Particulars 4th June 2010 28th May 2010 %Change

Spot Nifty 5135.50 5066.55 +1.36

Nifty Futures June 5119.95 5041.00 +1.56

Nifty CoC (%) -5.52 -6.81 +18.94

Open Interest 29119150 26546750 +9.69

Volume 369945 475120 -22.13

Nifty Snap
Last Week the Nifty Index ended at 5135.50 Mark gaining 1.36%. The Nifty Futures (June) closed at a discount
of 15.55 points vs. 25.55 points last week. On the derivatives front we can see that the Nifty Future prices
gained along with an overall addition of open interest and increase in the cost of carry in comparison to
previous week, this is an indication of some longs being built at lower levels. For the coming week immediate
Support for Nifty is seen in the zone of 5040-4960, if this range is breached decisively downside pain may
continue to prevail in which case Nifty may drag towards its Next Support zone of 4850/4780 whereas on the
upside Resistance is seen in at 5160/5236 Mark.

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 Weekly Report Derivatives
07th JunWeekly Commodity
to 12th Jun 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - Bank Nifty

Sentiment Indicator Bank Nifty:

Particulars 4th June 2010 28th May 2010 %Change
Spot Bank Nifty 9455.95 9312.60 +1.54

Bank Nifty Futures June 9342.95 9216.85 +1.36

BankNifty CoC (%) -21.80 -13.89 -56.94

Open Interest 1385125 1071350 +29.28

Volume 48489 60026 -19.22

Bank Nifty Snap

Last Week the Bank Nifty Index ended in line with the other indices and gained nearly 1.54% to end at
9455.95. If we look at the derivatives desk we can see that the Bank Nifty Futures prices increased along with
an overall addition of open interest but with decline in the cost of carry, this is an indication of some shorts
being built in it at higher levels. For the coming week Bank Nifty Support is seen at in the range of 9200-9075
which if broken decisively may continue the downside pain in the Index towards its 8965/8920/8800 levels
whereas on the upside stiff resistance would be faced at 9600 levels.

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 Weekly Report Derivatives
07th JunWeekly Commodity
to 12th Jun 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - CNX IT

Sentiment Indicator CNX IT:

Particulars 4th June 2010 28th May 2010 %Change

Spot CNX IT 5884.30 5783.60 +1.74

CNX IT Futures May 5859.90 5746.10 +1.98

CNX IT CoC (%) -7.56 -8.76 +13.69

Open Interest 12300 14000 -12.14

Volume 148 123 -63.22

CNX IT Snap
The CNX IT index last week ended at its 5884.30 Mark gaining 1.74%. The CNX IT Futures prices surged along
with increase in the cost of carry but with decline in the open interest on weekly basis, this is an indication that
the index raised more on account of short covering rather than fresh long built up. For the coming week,
immediate Support for the Index is seen in the range of 5800-5675 mark, below this mark the Next Support is
seen at 5620/5550 mark whereas on the upside Resistance is seen at 5920/ 5970 levels.

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 Weekly Report Derivatives
07th JunWeekly Commodity
to 12th Jun 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Options Snap

From the OI Concentration Chart (June Series) we can see that maximum addition of open interest on put
options front is seen at strike price of 5000-4800 indicating it as immediate support zone on the downside
whereas on the call options front we have seen maximum addition of open interest at strike price of 5200
indicating it as Resistance on the upside.

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 Weekly Report Derivatives
07th JunWeekly Commodity
to 12th Jun 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

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