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November 22, 2010

Daily Market Insight


Outlook for the Day
The previous trading session in the Indian benchmarks took the bulls by a surprise that were caught on the wrong side of the
trade. The flow of the positive news in respect to the Ireland which has asked a bailout from the European Union was slightly
overdone by the markets. The intrinsic problem is still persisting in the path of the global economic recovery and any negative
development in the recovery story would spook the equity markets around the world.

The gains on the bourses back home could be attributed to the short covering at relatively higher levels in the benchmarks.
The exuberance by the sellers on back of the political crisis impending looked to have

Nifty Chart

Market Snapshot

(Indian Market as on 23rd November 2010, 8 am IST)

Scrip Name Open High Low Current Change %Change


NIFTY 5,920.90 6,020.25 5,905.15 6,010.00 119.7 2

SENSEX 19,713.84 19,989.02 19,641.42 19,957.59 372.15 1.90

CNXIT 6,519.70 6,696.80 6,519.70 6,666.55 163.05 2.5

BANKNIFTY 12,120.80 12,414.55 12,054.55 12,390.10 327.15 2.7

NIFTYMIDCAP 3,041.35 3,065.55 3,009.05 3,061.55 31.7 1.1

(World market on 23 rd November 2010, 8 am IST)

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November 22, 2010

Daily Market Insight


Current Change %Change

Dow Jones

Nasdaq

S&P 500
5,671.17 -61.66 -1.08%
FTSE
6,807.85 -35.70 -0.52%
DAX
3,824.83 -35.33 -0.92%
CAC

Hang Seng

Nikkei

Starits Times

NIFTY OPTION OPEN INTEREST CHART

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November 22, 2010

Daily Market Insight

NIFTY OPTION OPEN INTEREST CHANGE CHART

The highest concentration of open interest is near the 6100 CE and 5900 PA, which is also supported by an increase in
the OI on the charts. The more important thing to be noted here is that there is a heavy decrease in the OI
concentration of 6000/5900 CA, which could be attributed to option writers closing position in At- the- Money options
and buying call options of these strike prices. In case of Put options, the increase in the 6000 strike prices indicates
that the traders are currently seeing that as the immediate support for the markets. The range from the option data
remains to be in the 6035-5955 in the coming session

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November 22, 2010

Daily Market Insight

Daily Market Insight is an Informative Newsletter, powered by the JV between Consortium Securities Pvt. Ltd and HBJ
Capital Services Pvt. Ltd. The Newsletter provides the outlook for the trading day and the various news items that can
have an impact on the markets. Also, Key resistance and support levels for the indices are provided.

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This report has been prepared for private circulation and the content has been obtained from various sources
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