GLOBAL RESEARCH LIMITED

DERIVATIVES
W E E K L Y

25th Apr - 29thApr 2011

“Strong Resistance at 5950 - 6000”

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DERIVATIVES
N I F T Y

The Nifty April future closed 69.40 pts or 1.19 % higher at 5903.55. The Nifty future closed with
the mild gains and witnessed an increase of open interest by 0.11 % and increase in the cost of
carry by 221.60 %. It indicates addition of long position and so Nifty future may show some
upside in the short run.

Sentiment Indicator Nifty

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Particulars 21th April. 2011 15th April. 2011 %Change

E

Spot Nifty 5,884.70 5,824.55 1.03

E

Nifty Fut. (Apr.) 5,903.55 5,834.15 1.19

Nifty CoC (%) 14.89 4.63 221.60

K

Open Interest 27,490,000 27,459,700 0.11

L

Volume 385,756 439,843 -12.30

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DERIVATIVES
B A N K N I F T Y

The Bank Nifty April future closed 154.35 pts or 1.31 % higher at 11926.00. The Bank Nifty
future closed with the gains of more than 1% and witnessed a decrease of open interest by 1.21
% and increase in the cost of carry by 178.40 %. It indicates some fresh positions were
accumulated in the long side and so some upside may be seen in Bank Nifty future in the short
run

Sentiment Indicator Bank Nifty

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Particulars 21th April. 2011 15th April. 2011 %Change

E

Spot Bank Nifty 11894.75 11735.65 1.36

E

Bank Nifty Fut. (Apr.) 11,926.00 11,771.65 1.31

Bank Nifty CoC (%) 23.97 8.61 178.40

K

Open Interest 993,300 1,005,450 -1.21

L

Volume 47,660 66,581 -28.42

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DERIVATIVES
C N X I T

The CNX IT April future closed -69.30pts or -1.01 % lower at 6799.45. The IT future closed with
the loss of 1% and witnessed a decrease in open interest by 2.72 % and increase in the cost of
carry by 129.21 %. It indicates some fresh positions were accumulated in the long side and so
some upside can be seen in it in the short run.

Sentiment Indicator CNX IT

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Particulars 21th April. 2011 15th April. 2011 %Change

E

Spot CNX IT 6,780.85 6,842.15 -0.90

E

CNX IT Fut. (Apr.) 6,799.45 6,868.75 -1.01

CNX IT CoC (%) 25.03 10.92 129.21

K

Open Interest 26,800 27,550 -2.72

L

Volume 788 1,356 -41.89

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DERIVATIVES
O P T I O N S N A P

On the call options front addition of open interest was witnessed in the last trading week at strike
price of 6000 and 6100.
On the put options front we have seen addition of open interest in the last trading week at strike
price of 5700 and 5800.
OI Chart Analysis: In coming sessions market may trade in a range of 5700-6100. The call
option strike price with the maximum number of open interest i.e. 6000-6100 will act as major
resistance level where as the put option strike price with the maximum number of open interest
i.e. 5800-5700 will act as major support level.

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