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WEEKLY
OPTION & DERIVATIVE REPORT

Shorting Leaps In - Markets In No Hurry To Ride Further !!

19th April 2010 to 24th Apr 2010
 Weekly Report Derivatives
19th April to 24th Apr 2010
RESEARCH

Derivative Wrap

Nifty

Sentiment Indicator Nifty:

Particulars 16th April 2010 9th April 2010 %Change

Spot Nifty 5262.60 5361.75 -1.85

Nifty Futures Apr. 5263.05 5364.90 -1.90

Nifty CoC (%) +0.24 +1.07 -77.57

Open Interest 28793800 27356350 +5.25

Volume 421960 393808 +7.14

Nifty Snap
Last week Nifty tumbled 1.85% and ended below its 5300 mark at 5262.60. On weekly basis we can see that
the Nifty Future prices have declined along with decline in the cost of carry and addition of open interest, this is
an indication of short built up at higher levels. For the coming week immediate Support for Nifty is seen at 5235
levels, a decisive maintenance below this mark can continue the selloff in it and it may drag towards
5180/5100/5040 levels whereas on the upside Major Resistance for Nifty continues to exist at 5400 levels and a
crossover above this mark will only provide strength to it.

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 Weekly Report Derivatives
19th April to 24th Apr 2010
RESEARCH

Derivative Wrap

Bank Nifty

Sentiment Indicator Bank Nifty:

Particulars 16th April 2010 9th April 2010 %Change
Spot Bank Nifty 9353.75 9656.50 -3.13

Bank Nifty Futures Apr 9365.35 9665.15 -3.10

BankNifty CoC (%) +3.48 +1.63 +113.49

Open Interest 1198750 1262750 -5.06

Volume 29460 21790 +35.19

Bank Nifty Snap

The Bank Nifty Index also tumbled last week and ended on weak note losing 3.13% at 9353.75 Mark. If we
gauge at the weekly derivatives data we can see that the Bank Nifty futures prices declined along with rise in the
cost of carry and decline in the open interest, this is an indication of Long Closures at higher levels. For the
coming week immediate Support for Bank Nifty Index is seen at 9280 levels below which the sell off may
continue and it may drag towards 9167/9050/8973 levels whereas on the upside Resistance is seen at
9580/9670 levels.

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 Weekly Report Derivatives
19th April to 24th Apr 2010
RESEARCH

Derivative Wrap

CNX IT

Sentiment Indicator CNX IT:

Particulars 16th April 2010 9th April 2010 %Change

Spot CNX IT 6142.85 5950.70 +3.22

CNX IT Futures Apr 6149.10 5964.90 +3.08

CNX IT CoC (%) +2.85 +4.35 -34.48

Open Interest 43700 33100 +32.02

Volume 268 185 +44.86

CNX IT Snap
The CNX IT Index last week ended with good gains of 3.22% and managed to test its highs above 6200 levels
but could not give a close above this level. On the weekly front if we analyze the derivatives data we can see that
the CNX IT Futures prices surged along with an overall addition of open interest but with a decline in the cost of
carry, this is an indication that some shorts are building at higher levels. For the coming week, CNX IT Index will
continue to face Resistance at its immediate top of 6230 level and a close above this level will only provide
strength to it whereas on the downside good support is seen in the range of 5970-5925.

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 Weekly Report Derivatives
19th April to 24th Apr 2010
RESEARCH

Options Snap

From the OI Concentration Chart we can see that maximum addition of open interest on the put options is seen
at strike price of 5300 and 5200 whereas on the call options front it is seen at strike price of 5400, this suggests
that the mark of 5200 will continue to act as good support on the downside whereas on the upside 5400 will
continue to act as stiff resistance.

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 Weekly Report Derivatives
19th April to 24th Apr 2010
RESEARCH

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