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RESEARCH

WEEKLY
DERIVATIVES REPORT
Northward March Takes Nifty Beyond The 6K!

27th Sep 2010 to 02nd Oct 2010

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 Weekly Report Derivatives
27th Sep Weekly Commodity
to 02nd Oct 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - Nifty

Sentiment Indicator Nifty:

Particulars 24th Sept. 2010 17th Sept. 2010 %Change

Spot Nifty 6018.30 5884.95 +2.26

Nifty Futures ( Sept) 6034.55 5904.05 +2.21

Nifty CoC (%) +16.42 +9.11 +80.24

Open Interest 42078850 44067450 -4.52

Volume 538354 423590 +27.09

Nifty Snap
The Indian Indices once again continued their upward march and the Nifty Index managed to give a close above
its 6000 mark at 6018.30 gaining 2.26% on weekly basis. On the derivatives front we have seen that the Nifty
Futures prices have surged along with overall shredding of open interest and rise in the cost of carry, this is an
indication of some short covering. For the coming week resistance for Nifty is seen at 6110/6185 levels, above
these levels the next resistance is seen at 6260 whereas support for the index is seen at 5900/5830 levels.

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 Weekly Report Derivatives
27th Sep Weekly Commodity
to 02nd Oct 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - Bank Nifty

Sentiment Indicator Bank Nifty:

Particulars 24th Sept. 2010 17th Sept. 2010 %Change
Spot Bank Nifty 12263.55 12104.10 +1.32

Bank Nifty Futures (Sept) 12295.65 12106.45 +1.56

BankNifty CoC (%) +15.92 +0.54 +2848.15

Open Interest 2384825 2645850 -9.87

Volume 85223 72413 +17.69

Bank Nifty Snap

The Bank Nifty Index last week ended with gains of 1.32% at 12263.55. On the derivatives front the Bank Nifty
futures prices surged along with overall shredding of open interest in comparison to the previous week but
with a rise in the cost of carry, this is an indication that the index witnessed some amount of short covering. For
the coming week the Bank Nifty Index would continue to face resistance at its 12580/12774/13113 levels
whereas support for the index is seen at 11880/11489 levels.

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 Weekly Report Derivatives
27th Sep Weekly Commodity
to 02nd Oct 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - CNX IT

Sentiment Indicator CNX IT:

Particulars 24th Sept. 2010 17th Sept. 2010 %Change

Spot CNX IT 6634.70 6477.85 +2.42

CNX IT Futures (Sept) 6635.75 6501.45 +2.06

CNX IT CoC (%) +0.96 +10.22 -90.60

Open Interest 20400 21000 -2.85

Volume 121 183 -33.87

CNX IT Snap
The CNX IT Index last week ended with gains of 2.42% at its 6634.70 Mark. On the derivatives front the CNX IT
Futures prices gained along with an overall shredding of open interest and decline in the cost of carry, this is an
indication of some profit booking in the index at higher levels but overall long accumulation is seen in the index.
For the coming week immediate resistance for the CNX IT Index is seen at 6700/6750 levels, above these levels
the next major resistance is seen at 6900 levels whereas support is seen at 6502/6388 levels.

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 Weekly Report Derivatives
27th Sep Weekly Commodity
to 02nd Oct 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Options Snap

From the OI Concentration (Oct. Series) we can see that addition of open interest on the call options front is
existent at strike price of 6100 and 6200 (with nearly 22.34 lakh and 18.64 lakh shares outstanding in open
interest) indicating it as the resistance zone on the upside whereas on the put options front we have seen
addition of open interest at strike price of 5800 and 5900 (with nearly 28.05 lakh and 21.16 lakh shares
outstanding in open interest ) indicating it as an immediate support zone on the downside.

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 Weekly Report Derivatives
27th Sep Weekly Commodity
to 02nd Oct 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

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