26-04-2011

Daily Market Insight

The international crude oil prices are continuously
trading firm near the $113-112/barrel mark, which
could be a source of concern for the domestic
markets in the medium term perspective.

Technical View-
The technical picture on the charts suggests that the
markets are trading in a broad range of 5950-5650
in the intermediate time frame.
The Short term moving average (20-EMA) is trading
near the 5788 mark on the charts. The Long term
moving averages (200-EMA) is trading near the 5636
mark near the Medium term moving average (50-
EMA) at the 5697 mark, which would act as a strong
point of demand for the markets in the coming
trading sessions.
The ADX indicator is forming a rounding pattern at
the 34 mark which indicates towards a trending
bullish market condition, which could go for a
partial profit booking in the immediate time frame.
The +DI line which indicates towards the presence
Outlook for the day of buyers in the benchmarks has topped out on the
Fundamental View- charts which indicates towards a pause in the
The previous trading session in the Indian equity aggressive buying participation. Also the –DI line is
markets proved to be a lackluster session amid trading on a downward slope which would be
negative results being factored in on the first day of leading to short selling being avoided in the
the trading week. The results of the sectorial immediate time frame, considering the periodic
leaders such as Reliance Industries Ltd. as well as nature of these indicators.
Axis bank were priced with a steep discount. This We expect Nifty to trade in the range of 5955-5815
resulted in the weakening of the buying momentum in the coming trading session.
being present on the charts from the previous
trading session.
The mid cap space was buzzing in previous trading Scrip Name LTP Change % Change
session, which witnessed strong buying
participation leading to smart gains & elevated chart NIFTY 5,874.50 -10.20 -0.17
levels. The banking scrips as a whole would
SENSEX 19,584.31 -17.92 -0.09
continue to be the leaders in the coming sessions as
the relaxation of the provisional norms with CNXIT 6,834.40 53.55 0.79
retrospective manner from September 30th 2010, CNXMIDCAP 2,605.95 15.15 0.58
which would lead to better performance sheets in
BANKNIFTY 11,879.00 -15.75 -0.13
the quarterly as well as annual results.

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26-04-2011

Daily Market Insight

(World market on 26-04-2011, 8 am IST)

Current Diff % Change
For Nifty calls, 5,900 strike price (SP) from the
Dow Jones 12,479.88 -26.11 -0.21% April series was the most active call with an addition
Nasdaq 2,825.88 +5.72 +0.20% of 1.20 mn or 20.95%.
Among Nifty puts, 5800 SP from the April month
S&P 500 1,335.25 -2.13 -0.16% expiry was the most active put with an addition of
FTSE 6,018.30 -3.96 -0.07% 0.19 mn or 2.65%.
The maximum Call OI outstanding was at 5900 SP
DAX 7,295.49 +46.30 +0.64% (6.96) and that for Puts at 5900 SP (7.53).
CAC 4,021.88 +17.26 +0.43% The respective Support and Resistance levels are:
Resistance 5,901.73 -- Pivot Point 5,879.36 --
Hang Seng -140.44 -0.58% Support 5,852.13.
23,997.87 The Nifty Put Call Ratio (PCR) OI wise stood at
Strait Times 3,178.16 -9.56 -0.30% 1.39 for April-month contracts.
The top five scrips with highest PCR on OI were Dr
Nikkei 9,577.64 -94.32 -0.98% Reddy 2, MRF 2, PFC 2, Tech Mahindra 2 and Maruti
Suzuki 1.14
Option Strategy-
NIFTY OPTION OPEN INTEREST CHART NIFTY OPTION OPEN INTEREST CHANGE CHART

3000000 300000

2500000 250000
200000
2000000
150000
1500000 CALL OI 100000 CALL OI CHNG

1000000 PUT OI 50000 PUT OI CHNG

0
500000
-50000
0 -100000
5500 5700 5900 6100 6300 6500 -150000

The option data suggests that the market participants are currently visualizing the 6000/5900 mark on the
charts as the intermediate term upside in the trading sessions to come. We expect Nifty to trade in the range
of 6050-5650 in the trading sessions to come. The highest concentration at the 6000 strike price in case of call
option supported by an increase in the OI concentration further strengthens the argument. However in the
case of put option, the concentration at the 5700 strike price along with a significant OI being added up
amplifies the possibility towards a momentary dip near the 5750 mark in the immediate time frame. We
expect Nifty to trade in the range of 6050- 5650 levels in the intermediate time frame.

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26-04-2011

Daily Market Insight

Derivative Info Close

Company Name (In Rs) 50 EMA
Decrease In Open Interest ACC 1112.55 1112.50
%Chg. Ambuja Cement 155.60 152.53
Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price
Axis Bank 1377.30 1444.80
GTL 6983 1712 -75.48% 421.75 -0.50%
GLAXO 755 322 -57.35% 2109.25 0.29% BHEL 2074.25 2060.22
SUZLON 19727 10671 -45.91% 55 -4.60% BPCL 618.45 619.70
GTOFFSH BajajAuto 1477.70 1465.50
ORE 1805 1123 -37.78% 280 -1.65% Bharti Airtel 375.45 376.22
DCHL 6876 4399 -36.02% 87.35 -0.17%
Cairn India 348.35 347.00
Cipla 319.75 321.43
Decrease In Open Interest & Increase In Price DLF 241.70 247.03
%Chg. Dr Reddy's 1655.85 1656.76
Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price
GAIL India 479.45 474.31
GLAXO 755 322 -57.35% 2109.25 0.29%
MCLEODR Grasim Industries 2464.10 2424.42
USS 4141 2696 -34.89% 280.7 2.05% HCL Tech. 515.10 518.85
HINDUNIL
HDFC 731.05 732.15
VR 17161 12096 -29.51% 289.8 0.10%
HDFC Bank 2391.00 2409.88
CAIRN 14847 10961 -26.17% 348.2 0.43%
ORIENTBA Hero Honda 1773.60 1786.67
NK 2273 1714 -24.59% 379.65 3.86% Hind.Unil 288.65 288.75
Hindalco 219.20 220.74
Decrease In Open Interest & Decrease In Price ICICI Bank 1112.65 1118.27
%Chg. IDFC 155.55 156.41
Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price
ITC 190.25 190.15
GTL 6983 1712 -75.48% 421.75 -0.50%
Infosys Tech 2941.30 2911.23
SUZLON 19727 10671 -45.91% 55 -4.60%
GTOFFSH JP Associate 100.70 101.71
ORE 1805 1123 -37.78% 280 -1.65% Jindal Steel 689.10 694.96
DCHL 6876 4399 -36.02% 87.35 -0.17% Kotak Bank 469.65 461.82
RUCHISOY
Larsen & Toubro 1723.30 1707.88
A 9874 6521 -33.96% 103.7 -1.43%
Mah.&Mah. 767.85 764.78

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26-04-2011

Daily Market Insight

Close
Increase In Open Interest Company Name 50 EMA
(In Rs)
%Chg. Maruti Suzuki 1326.45 1307.76
Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price
NTPC 186.55 187.08
APIL 1050 1414 34.67% 584.05 -1.17%
ONGC 303.40 304.17
CONCOR 84 94 11.90% 1200.4 -0.33%
PNB 1215.00 1201.79
PETRONE 1928 2038 5.71% 138.85 1.17%
Power Grid 104.55 104.60
TECHM 1501 1514 0.87% 720 -0.30% Ranbaxy Labs. 474.40 469.02
HCC 8880 8884 0.05% 37.75 -0.92% Rel. Capital 599.80 609.22
Rel. Commn 104.65 106.28
Increase In Open Interest & Decrease In Price Rel. Inds 1009.35 1039.37
Curr. %Chg. Rel. Infra 693.40 695.75
Symbol Prev. OI Curr. OI %Chg. OI Price Price
Rel.Power 129.80 130.90
APIL 1050 1414 34.67% 584.05 -1.17%
SAIL 169.65 172.53
CONCOR 84 94 11.90% 1200.4 -0.33% SBI 2918.80 2863.41
Sesa Goa 326.70 322.09
TECHM 1501 1514 0.87% 720 -0.30%
HCC 8880 8884 0.05% 37.75 -0.92% Siemens 836.05 836.10
Ster.Ind 186.25 179.09
Sun Pharma 446.00 446.29
Increase In Open Interest & Increase In Price TCS 1197.85 1192.33
Curr. %Chg. Tata Motors 1242.55 1243.70
Symbol Prev. OI Curr. OI %Chg. OI Price Price Tata Power 1330.70 1330.84
PETRONE 1928 2038 5.71% 138.85 1.17% Tata Steel 626.70 629.92
Wipro 466.20 463.27

Date Buy Sale Net Value

FII
25-Apr-
2011
1560.16 1937.75 -377.59 DII
DII
25-Apr-
1082.1 845.48 236.62
FII
2011

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