Вы находитесь на странице: 1из 6

www.capitalvia.

com

WEEKLY
OPTION & DERIVATIVE REPORT

Bears Give A Tough Fight To Bulls At Higher Levels !!


08th March 2010 to 13th Mar 2010
Weekly Report Derivatives
08th March to 13th Mar 2010
RESEARCH

Derivative Wrap

Nifty

Sentiment Indicator Nifty:


Particulars 5th Mar 26th Feb %Change

Spot Nifty 5088.70 4922.30 +3.38

Nifty Futures 5087.55 4930.35 +3.18

Nifty CoC (%) -0.41 +2.21 -15.64

Open Interest 27708350 24569700 12.77


Volume 404548 911892 -55.63
PCR (OI) 1.46 1.33 +9.77
PCR (Vol) 1.38 1.17 +17.94

Nifty Snap
Last week Nifty ended with good gains on the post budget expectations and stability of the world markets. It
ended at 5088.70 gaining 3.38%. If we look at the derivatives data we can see that the Nifty prices have surged
with an overall addition of open interest but with decline in the cost of carry; this is an indication that some
shorts have been built in the markets at higher levels. For the coming week we may see Nifty facing Resistance
at 5130/5180 Mark whereas Immediate Support is seen at 5045/4990 Mark. Sustenance of Nifty below 4990
mark can lead to further sell off in which case the next Support is seen at 4950 Mark.

www.capitalvia.com | 2
Weekly Report Derivatives
08th March to 13th Mar 2010
RESEARCH

Derivative Wrap

Bank Nifty

Sentiment Indicator Bank Nifty:


Particulars 5th Mar 26th Feb %Change

Spot Bank Nifty 9038.45 8722.75 3.61

Bank Nifty Futures 9054.80 8740.45 3.59

BankNifty CoC (%) 3.30 2.74 +20.43

Open Interest 1065000 1064600 +0.037


Volume 28412 45576 -37.66

Bank Nifty Snap


Last week Bank Nifty index surged by 3.61% and closed above its 9000 mark at 9038.45. The Bank Nifty
futures on weekly basis saw a nominal addition of open interest of 0.037% along with rise in the cost of carry;
this is an indication that as the OI addition was not much the index has raised more on account of short covering
and some speculative longs being built up at lower levels. For the coming week Bank Nifty will continue to face
Resistance at 9105-9135 Mark a sustenance above this range may continue the march in it and in that case it
can go up to 9175/9225 Mark whereas on the downside support is seen at 8950/8900/8850 Levels.

www.capitalvia.com | 3
Weekly Report Derivatives
08th March to 13th Mar 2010
RESEARCH

Derivative Wrap

CNX IT

Sentiment Indicator CNX IT:


Particulars 5th Mar 26th Feb %Change

Spot CNX IT 5843.20 5766.70 +1.32

CNX IT Futures 5841.05 5783.95 +0.98

CNX IT CoC (%) -0.67 4.04 -14.22

Open Interest 23400 20200 +15.84


Volume 125 365 -65.75

CNX IT Snap
The CNX IT Index surged last week by 1.32% and closed at 5843.20. The CNX IT futures saw addition of open
interest along with decline in the cost of carry; this is an indication of fresh shorts being built in the CNX IT
futures. For the coming week CNX IT will continue to face Resistance at 5925 Mark and a decisive maintenance
above this level will only provide strength to it whereas on the downside immediate support for the Index is
seen in the range of 5800-5785 below which the sell off may continue and it may drag towards 5725/5685
levels.

www.capitalvia.com | 4
Weekly Report Derivatives
08th March to 13th Mar 2010
RESEARCH

Options Snap

5400

From the Options Data we can see that highest addition of open interest is seen on the calls front at strike price
of 5100 which has nearly 69.12 lakh shares outstanding in open interest indicating it as a Resistance Mark on
upside whereas on the put options front we can see maximum addition is at strike price of 5000 where nearly
69.39 lakh shares are outstanding in open interest, this is an indication that this level may act as good support
for the coming sessions. Thus, looking on to the options data we can witness a range bound market where we
will find supports on the downside at 5000 levels and simultaneously we will continue to face Resistance at
5100 levels.

www.capitalvia.com | 5
Weekly Report Derivatives
08th March to 13th Mar 2010
RESEARCH

Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
accept any responsibility (or liability) for errors of fact o r opinion. Users have th e right to choose the product/s that suits them
the most.

Investment in Commodity has its own risks. Sincere efforts have been made to present the right investment perspective. The
information contained herein is based on analysis and up on sources that we consider reliable. We, however, do not vouch for
the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss
incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the
recommendations above.

The stock price projections shown are not necessarily indicative of future price performance. The information herein, together
with all estimates and forecasts, can change without notice.

CapitalVia does not purport to be an invitation or an offer to buy or sell any financial instrument.

Analyst or any person related to CapitalVia might be holding positions in the stocks recommended.

It is understood that anyone who is browsing through the site has done so at his free will and does not read any views
expressed as a recommendation for which either the site or its owners or anyone can be held responsible for.

Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or
Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal
Actions can be taken.

Any surfing and reading of the information is the acceptance of this disclaimer.

All Rights Reserved.

www.capitalvia.com | 7

Оценить