GLOBAL RESEARCH LIMITED

DERIVATIVES
W E E K L Y

21st Mar - 25th Mar 2011

“Selling Intensified: Markets End in

Red Terrain”

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 GLOBAL RESEARCH LIMITED

DERIVATIVES
N I F T Y

The Nifty Index last week once again witnessed heavy selling pressure at higher levels and ended
with losses of 1.31% at 5373.70. On the derivatives front we have seen that the Nifty Futures
prices ended in the red territory along with an overall addition of open interest and increase in
the cost of carry, this is an indication of some longs being built at lower levels. For the coming
week, support for Nifty is seen at 5310 mark, below this mark selling pressure may continue and
in that case the next support range is seen at 5230/5180 whereas on the upside resistance
continues to exist at 5540.

Sentiment Indicator Nifty

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Particulars 18th Mar. 2011 11th Mar. 2011 %Change

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Spot Nifty 5373.70 5445.45 -1.31

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Nifty Futures (Mar) 5386.85 5459.60 -1.33

Nifty CoC (%) +6.87 +4.74 +44.93

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Open Interest 29739300 28402700 +4.70

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Volume 578802 569859 +1.57

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 GLOBAL RESEARCH LIMITED

DERIVATIVES
B A N K N I F T Y

The Bank Nifty Index last week ended with nominal losses of 0.23% at 10715.90. On the
derivatives front we have seen that the Bank Nifty Futures prices ended in the red territory along
with an overall addition of open interest and increase in the cost of carry, this is an indication of
some longs being built at lower levels. For the coming week support for Bank Nifty is seen at
10590, below this level selling pressure may continue and in that case the next support is seen
near 10280/10188 whereas on the upside resistance continues to exist above the 11000 mark.

Sentiment Indicator Bank Nifty

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Particulars 18th Mar. 2011 11th Mar. 2011 %Change

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Spot Bank Nifty 10715.90 10740.95 -0.23

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Bank Nifty Futures (Mar) 10756.10 10774.70 -0.17

Bank Nifty CoC (%) +10.53 +5.73 +83.76

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Open Interest 950325 986700 -3.68

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Volume 61995 70246 -11.74

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 GLOBAL RESEARCH LIMITED

DERIVATIVES
C N X I T

The CNX IT Index in last trading session ended with losses of 2.52% at 6552.65. On the
derivatives front we have seen that the CNX IT Futures ended in the red territory along with an
overall addition of open interest and increase in the cost of carry, this is an indication of some
longs being built at lower levels. For the coming week, support for CNXIT is seen at
6482/6300/6140 levels whereas on the upside Resistance for the Index is seen at 6767 levels.

Sentiment Indicator CNX IT

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Particulars 18th Mar. 2011 11th Mar. 2011 %Change

E

Spot CNX IT 6552.65 6722.25 -2.52

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CNX IT Futures (Mar) 6562.35 6734.55 -2.55

CNX IT CoC (%) +4.15 +3.33 +24.62

K

Open Interest 15350 11550 +32.90

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Volume 319 355 -10.14

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 GLOBAL RESEARCH LIMITED

DERIVATIVES
O P T I O N S N A P

From the OI Concentration (Apr. Series) we can see that addition of maximum open interest on
the calls front is existent at 5500-5800 indicating this range to act as resistance on the upside
whereas on the put options front we can see that maximum open interest is accumulated at 5000
strike indicating this to act as major support on the downside.

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