DERIVATIVES

REPORT GLOBAL RESEARCH LIMITED

10th Jan - 14th Jan 2010

Market
this Week Shorting at Higher Levels Made Indices Tumble !

NIFTY
Sentiment Indicator Nifty
Particulars 7th Jan. 2011 31st Dec. 2011 %Change

Spot Nifty 5904.60 6134.50 -3.75

Nifty Futures (Jan) 5914.15 6162.55 -4.03

Nifty CoC (%) +2.95 +6.18 -52.26

Open Interest 21604900 20202550 +6.94

Volume 606201 214508 +282.60

Last week the Nifty Index tumbled nearly 4% and ended below the 6k mark at 5904.60. On the derivatives front we have seen that the Nifty Futures
prices tumbled along with an overall addition of open interest and decline in the cost of carry, this is an indication of shorts being built at higher
levels. For the coming week major support for Nifty is seen at 5795 mark, a decisive maintenance below this mark will continue selling pressure in
the index and in that case the next support is seen at 5690/5647 whereas on the upside resistance for the Index is seen in the band of 6030-6080.

BANK NIFTY
Sentiment Indicator Bank Nifty
Particulars 7th Jan. 2011 31st Dec. 2011 %Change

Spot Bank Nifty 11053.35 11791.45 -6.25

Bank Nifty Futures (Jan) 11081.35 11839.00 -6.40

Bank Nifty CoC (%) +4.62 +5.45 -15.23

Open Interest 1528025 1454525 +5.05

Volume 99668 43547 +128.87

The Bank Nifty Index last week again was unable to sustain at higher levels and witnessed big dip. The Index closed with losses of more than 6% at
11053.35. On the derivatives front we have seen that the Bank Nifty Futures prices tumbled along with an overall addition of open interest and
decline in the cost of carry, this is an indication of shorts being built in the index at higher levels. For the coming week immediate support for Bank
Nifty is seen at 10977 mark, a decisive sustenance of the Index below this mark can continue selling pressure in it and in that case the next major
support is seen at 10542. On the upside the Index is likely to face resistance around 11390/11662.

WEEKLY DERIVATIVES REPORT 1 | January 2011 | www.capitalvia.com

 DERIVATIVES
REPORT GLOBAL RESEARCH LIMITED

10th Jan - 14th Jan 2010

Market
this Week Shorting at Higher Levels Made Indices Tumble !

CNX IT
Sentiment Indicator CNX IT
Particulars 7th Jan. 2011 31st Dec. 2011 %Change

Spot CNX IT 7333.80 7491.10 -2.09

CNX IT Futures ( Oct) 7373.25 7510.15 -1.82

CNX IT CoC (%) +9.81 +3.43 +186.00

Open Interest 29750 30600 -2.77

Volume 448 147 +204.76

The CNX IT Index last week ended in the red territory along with other indices. On the derivatives front we have seen that the CNX IT Futures ended
with losses along with shredding of open interest but witnessed rise in the cost of carry, this is an indication of long closure at higher levels. For the
coming week, support for the Index is seen at 7220/7170/7053 levels whereas on the upside the index is likely to face resistance at 7560 levels.

OPTION SNAP
From the OI Concentration (Jan. Series) we can see that the

maximum addition of open interest on the call options front is

existent at strike price of 6100-6200 indicating this range to act as

stiff resistance on the upside whereas on the put options front

addition of maximum open interest is seen at strike price of 5800

indicating it as the strong support on the downside.

WEEKLY DERIVATIVES REPORT 2 | January 2011 | www.capitalvia.com

 DERIVATIVES
REPORT GLOBAL RESEARCH LIMITED

10th Jan - 14th Jan 2010

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WEEKLY DERIVATIVES REPORT 3 | January 2011 | www.capitalvia.com