Global Research Limited

DERIVATIVES
W E E K L Y

28th Mar - 01st Apr 2011

“Buyers Spree took the Nifty above

Crucial Mark of 56 K”

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 Global Research Limited

DERIVATIVES
N I F T Y

The Nifty Index last week ended with good gains of 5.22% at 5654.25. On the derivatives front
we have seen that the Nifty Futures prices ended in the positive terrain along with nominal
shredding of open interest and increase in the cost of carry, this is an indication that short
covering was witnessed. For the coming week, immediate Resistance for Nifty is seen in the band
of 5740-5800, above the 5800 mark the next crucial resistance will be faced at 5880 whereas on
the downside major support for Nifty is seen at 5350 levels.

Sentiment Indicator Nifty

W

Particulars 25th Mar. 2011 18th Mar. 2011 %Change

E

Spot Nifty 5654.25 5373.70 +5.22

E

Nifty Futures (Mar) 5680.70 5386.85 +5.45

Nifty CoC (%) +28.45 +6.87 +314.11

K

Open Interest 29587850 29739300 -0.50

L

Volume 669409 578802 +15.65

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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 gains of 6.26% above its 11000 mark at 11387.30.
On the derivatives front we have seen that the Bank Nifty Futures prices increased along with an
overall addition of open interest and increase in the cost of carry, this is an indication of longs
being built at lower levels. For the coming week, Resistance for Bank Nifty is seen at
11827/12011 levels whereas on the downside Support is seen at 10661/10510 levels.

Sentiment Indicator Bank Nifty

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Particulars 25th Mar. 2011 18th Mar. 2011 %Change

E

Spot Bank Nifty 11387.30 10715.90 +6.26

E

Bank Nifty Futures (Mar) 11451.10 10756.10 +6.46

Bank Nifty CoC (%) +34.08 +10.53 +223.64

K

Open Interest 1066975 950325 +12.27

L

Volume 71094 61995 +14.67

Y

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 Global Research Limited

DERIVATIVES
C N X I T

The CNX IT Index in last trading session ended in the red territory losing 1.29% at 6722.25. On
the derivatives front we have seen that the CNX IT Futures prices ended in red 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, immediate support for the CNX IT Index is
seen at 6671 levels, if we sustain below this mark selling pressure may continue and in that case
the next support is seen at 6600/6480 whereas on the upside resistance continues to exist at
6923/7053 levels.

Sentiment Indicator CNX IT

W

Particulars 25th Mar. 2011 18th Mar. 2011 %Change

E

Spot CNX IT 6930.65 6552.65 +5.76

E

CNX IT Futures (Mar) 6953.10 6562.35 +5.95

CNX IT CoC (%) +19.70 +4.15 +374.69

K

Open Interest 28250 15350 +84.03

L

Volume 641 319 +100.94

Y

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DERIVATIVES
O P T I O N S N A P

From the OI Concentration (Apr. Series) we can see that maximum addition of open interest on
the calls front is existent at 5700-5800 strike 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 5500-5300 strike indicating this range to act as major support on the downside.

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