Derivatives Note

December 31, 2010

Rollover Analysis
Highlights
 Nifty saw a rollover of 61% in Jan series vs 75% in Dec series.
 Market wide rollovers stood flat at ~84.56% compared to 85.49% in the previous series.
 Strong rollovers in Sugar, Infrastructure, Hotels & Capital Goods.
 Weak rollovers in Technology, Textile, Fertilisers & Banking.
 Negative cost of carry seen in Piramal Healthcare, Hero Honda, SAIL & Ambuja Cements.
 Positive cost of carry seen in Lupin, Orbit Corporation, ABG Shipyard & TTML.
Calls based on Rollover Strategy (execute near closing price for a gain of 4-5 %+):
-

Long Balrampur Chini Jan Future at Rs90-91, Target Rs100, Stop loss Rs85 (Rollover at
92% & OI addition at 31%).

-

Long Indian Hotel Jan Future at Rs95-96, Target Rs105, Stop loss Rs90 (Rollover at 92% &
OI addition of 30%).

-

Long Alstom Projects Jan Future at Rs688-685, Target Rs725, Stop loss Rs660 (Rollover at
90% & OI addition at 27%).

-

Long SBI Jan 2700 Put at Rs60-62, Target Rs100, Stop loss Rs40 (Rollover at 79% & OI
addition at 37%).

Market Vs Nifty Rollover
100
90
80
70
60
50
40
30
20
10
0

Nifty Futures for last 1-month

Market rollover

Nifty Rollover

Call OI

6.0

6200
6100

4.0

6000

3.0

5900

2.0

5800

1.0

5700

0.0

5600

5200
5300
5400
5500
5600
5700
5800
5900
6000
6100
6200
6300
6400
6500
6600
6700
6800
6900
7000

30Dec

25Nov

28Oct

30Sep

Nifty Futs

(in mn)

5.0

26Aug

Put OI

Source: Seediff

Weak Rollovers

Strong Rollovers
Company

LTP

Expiry
Price Chg
%

Rollover
%

Rollover
Cost

Company

LTP

Expiry
Price Chg
%

Rollover
%

Rollover
Cost

GTOFFSHORE

397

3.4

96.4

1.4

COREPROTEC

300

9.2

26.6

1.4

GTL

426

(0.0)

95.8

1.4

IOB

146

(0.8)

43.4

1.4

BRFL

200

(3.3)

94.8

1.4

SOBHA

323

4.8

51.8

1.4

INDIACEM

106

(1.4)

94.7

2.0

CONCOR

1,266

1.8

57.0

0.4

GMRINFRA

45

(4.1)

94.5

1.7

SCI

131

(9.8)

57.6

1.6

DCHL

109

(6.1)

94.4

1.4

WIPRO

494

20.2

58.5

1.4

TATACOMM

256

(5.2)

93.9

1.4

GAIL

514

5.3

58.9

1.4

RENUKA

100

17.7

93.7

1.6

PFC

307

(4.5)

59.5

1.4

SUZLON

55

16.7

93.6

1.1

ADANIPOWER

131

(5.8)

60.6

1.4

MLL

57

(2.1)

93.5

1.4

JINDALSTEL

725

14.5

60.8

1.4

Source: Seediff

680 367 1.1 63.9) 6.2 81.2) 8.8 60.Rollover Analysis Sector-wise rollovers 95 Last month Current month 90 85 80 75 Others Technology Textile Fertilisers Banking FMCG Metals Transport Trading Media Pharma Automobile Oil & Gas Finance Power Realty Cement Telecom Capital Goods Hotels Infrastructure Sugar 70 Source: Seediff Derivative Rollover Details Company 3IINFOTECH ABAN ABB ABGSHIP ABIRLANUVO ACC ADANIENT ADANIPOWER ALBK ALOKTEXT AMBUJACEM ANDHRABANK APIL APOLLOTYRE AREVAT&D ASHOKLEY ASIANPAINT AUROPHARMA AXISBANK BAJAJ-AUTO BAJAJHIND BAJAJHLDNG BALRAMCHIN BANKBARODA BANKINDIA BANKNIFTY BATAINDIA BEL BEML BGRENERGY BHARATFORG BHARTIARTL BHEL BHUSANSTL BIOCON BOMDYEING Sector Technology Capital Goods Capital Goods Transport Textile Cement Trading Power Banking Textile Cement Banking Capital Goods Automobile Power Automobile FMCG Pharma Banking Automobile Sugar Finance Sugar Banking Banking Index Textile Capital Goods Capital Goods Capital Goods Automobile Telecom Capital Goods Metals Pharma Textile Derivatives Note LTP 59 814 779 407 836 1.5) 72.500 Rollover % 88.008 725 377 358 2.750 957.77 0.000 76.39 0.339 1.4) 80.39 1.9) 3.7) 11.000 1.5 90.750 820.725 143.434.633 114 871 77 905 423 11.3 (1.1 90.594.0 75.0 38.500 1.724 1.8 75.000 9.39 1.7 (1.000 17.000 2.022.9 87.77 1.9 71.000 595.973.2 84.000 1.750 1.692.7 76.552.5 70.763.6) 41.7 76.6 (16.39 0.6 100.355 1.763 1.408.6) 9.7) 10.2) (144.8) (6.0) 4.000 933.7) 298.381.000 2.000 85.5 13.420.6) 5.069 649 131 225 27 143 150 687 66 322 63 2.000 2.750 441.8) 13.24 1.28) 1.755 362 1.016.1 (7.4 (1.4 (8.8 (8.94 1.6 2.8) 7.2 (14.849 1.6 11.6 92.41 0.9 (74.6 6.1 74.1 84.75 1.39 1.3 64.3 185.354 470 421 522 Last Expiry Price 60 733 794 436 756 1.500 1.0 8.250 5.6 (62.632.000 11.000 18.3 90.1) (18.8 78.1 86.1) 81.39 1.3 5.8) (7.000 492.39 1.9 90.0 83.39 1.250 2.8 (8.000 2.120.6) 1.2) (8.169 456 387 531 Chg Price (1.39 0.8 33.39 2 .000 126.09 1.4 76.932.2 87.976.39 1.9) Price Chg till Expiry % (1.64 1.0 82.0 (14.005 712 139 244 29 139 164 646 68 295 74 2.39 1.5 78.9 73.39 1.39 1.000 982.33 (0.44 1.39 2.5) (10.9 19.3 (1.6 62.997.7 8.6) (8.45 1.39 1.0 75.000 1.92 0.046 653 365 339 2.39 1.000 50.22 1.100.0) 2.6 3.5 84.3 13.5 74.1 (1.3 16.1) 27.5 88.208 1.6) 11.551 1.7 8.3) (3.3 (10.2 (3.3 82.39 1.625 575.39 1.6 0.000 1.9 81.8) 11.932.000 20.8) (5.000 122.7 88.208.39 1.309 1.000 764.366.500 955.5 Rollover Cost 1.59 1.0 87.1 3.78 1.000 7.7) Rollovers 5.2 (14.9 (0.4 2.5) (29.3 (0.005.7 (38.489 123 873 90 897 437 11.

000 579.418.8 9.119 136 47 183 2.9 77.6 4.000 5.29 1.3) (19.4 57.6 6.702.6 (3.01 1.8 1.936.184.896.5 28.0) (4.772.8 (35.3 (2.4) 4.41 3 .70 1.1 74.1 (10.7 45.6 84.5 5.000 3.0) 1.3) (6.7 (41.8 89.000 3.97 0.243 275 339 766 95 60 116 127 68 623 295 1.8 9.164.8 9.38 1.324 663 200 337 652 175 420 365 89 249 371 7.338 187 1.000 5.5 68.000 11.39 1.000 12.0 79.39 1.190 107 427 46 383 43 377 50 390 699 2.4 83.4 91.250 15.5 90.292 674 207 316 690 209 442 360 88 227 338 6.000 5.2 (2.000 6.9 58.39 0.38 1.018.6 (5.508.000 54.000 839.39 1.5) (16.39 1.2 (22.402.000.0 25.1) (11.7) 2.6) (3.500 1.7 96.67 1.6) 3.207.9 72.303.7) (99.072.100 115.000 6.171.224.000 380.42 1.500 3.3) 11.500 1.5 (1.9 86.5 22.000 1.39 1.3 92.2 69.2 33.4 0.6 9.2 85.7 92.335 142 45 185 2.39 0.043.7 80.2 3.2) (7.000 1.9 4.6 77.4 5.2 82.1) 13.1 (0.6 (1.3 (30.7) (45.000 53.9 74.608.47 1.523 875 1.660.000 6.000 21.9) 26.2 8.4 29.263.780.000 1.284.7) (9.0 26.21 1.4 Rollover Cost 1.8 150.41 (1.6 (6.1) 8.39 1.39 1.7 79.1 86.05) 1.39 1.39 2.841.0 (1.4 81.7 (1.000 6.0 (2.5) (5.1) (2.685 532 95 172 138 170 397 905 146 25 514 341 2.0 (9.000 4.3) 6.274.8 84.0 25.39 1.375 2.000 257.7 94.6) (3.6 32.3) 215.940.000 11.42 1.42 1.250 3.260.39 1.655.6 94.9) 1.3 73.30 1.000 200.3) 72.000 998.9) 20.8 91.000 1.9) (34.0 88.38 1.39 0.8 12.762.3 856.000 6.5) 3.43 1.2) 9.000 1.000 2.987 117 Last Expiry Price 6.6) 18.62 0.46 2.4 71.569.6 1.0) 2.6 Price Chg till Expiry % 0.3 64.000 1.5 83.0 85.1) 5.0 94.000 3.340 118 426 44 397 40 396 49 462 731 2.520.000 33.8 68.40 1.Rollover Analysis Company BOSCHLTD BPCL BRFL CAIRN CANBK CENTRALBK CENTURYTEX CESC CHAMBLFERT CHENNPETRO CIPLA CNXIT COLPAL CONCOR COREPROTEC CROMPGREAV CUMMINSIND DABUR DCB DCHL DENABANK DISHTV DIVISLAB DLF DRREDDY EDUCOMP EKC ESCORTS ESSAROIL EXIDEIND FEDERALBNK FINANTECH FORTIS FSL GAIL GESHIP GLAXO GMDCLTD GMRINFRA GODREJIND GRASIM GSPL GTL GTLINFRA GTOFFSHORE GVKPIL HAVELLS HCC HCLTECH HDFC HDFCBANK HDIL HEROHONDA HEXAWARE Sector Automobile Oil & Gas Textile Oil & Gas Banking Banking Cement Power Fertilisers Oil & Gas Pharma Index FMCG Transport Technology Capital Goods Capital Goods FMCG Banking Media Banking Media Pharma Realty Pharma Technology Oil & Gas Automobile Oil & Gas Automobile Banking Technology Pharma Technology Oil & Gas Transport Pharma Metals Infrastructure FMCG Cement Oil & Gas Telecom Telecom Transport Infrastructure Others Infrastructure Technology Finance Banking Realty Automobile Technology Derivatives Note LTP 6.259.1) (14.000 8.07 1.000 Rollover % 67.292.39 1.610.370.9 (4.4 (5.0 0.3 32.941 88 Chg Price 32.000 30.63 1.266 300 309 777 101 57 109 113 72 653 289 1.104.785 551 105 217 129 157 439 878 152 23 488 377 2.2 13.38 1.39 1.39 1.500 23.6 86.2 (8.3 86.80 1.000 384.35 1.3 (9.055.4) 10.315 190 1.6) (6.41 1.4) (22.8 81.6) (9.4 90.1 95.000 1.000 2.000 2.39 1.9 (37.39 1.9 90.4 Rollovers 13.000 12.0) 1.2 80.4 (5.2 12.40 1.2) (20.0 10.7 93.6) 3.002.6 75.1) 1.8) 5.07 1.5) 19.8 5.83 1.000 2.864.375 6.17 1.000 236.000 12.8) 7.41 1.4 (0.2) 2.6 85.9 (5.250 17.9) (5.176.8 77.666 861 1.277.033.5 23.01 1.7 91.5 5.0 (4.3 78.299.2 87.000 1.4 2.96 1.3 68.51 1.

1 85.68 0.3) (0.3 84.0) 3.13 1.6 90.91 1.1 61.85 1.7 (10.6 87.40 1.1) (1.237.8 3.1 36.44 0.250 6.399 234 5.3 (4.01 1.1 91.459.3 (24.70 1.44 1.000 2.6) (19.99 3.5 79.828.8 (1.000 718.2 88.000 1.8) 11.750 1.4 73.000 2.500 1.5) (9.0) (3.0 (5.704.168.7 11.201 71 463 50 169 1.4 86.49 1.8 (1.306.000 10.7) (7.1 20.840.500 11.500 23.3 90.0) (0.440.41 4 .3) 4.8 17.000 8.422 147 1.724.9) (0.8) (21.2 (3.39 1.430.3 94.2 87.000 Rollover % 77.810.678.7) (14.000 63.2) 0.129.38 1.000 11.4) (4.4) (3.000 2.0 10.8 6.8) 1.1 82.86 1.750 5.008.9) 373.8) (3.083 148 340 206 17 171 133 870 184.6 2.39 1.214.017.000 1.7 92.1 79.4) (3.4) (9.3 1.7) 5.000 2.71 1.39 0.849 58 57 584 8.2 3.7 1.5) (1.086 73 56 Chg Price 40.87 60.804.838.0 88.53 1.55 1.39 1.000 236.3 19.183 65 449 48 162 195 63 1.8 94.39 1.457 146 340 227 24 175 127 737 181.000 8.2) 4.3 4.000 63.8) (7.064 64 1.6 90.251 72 54 Last Expiry Price 205 227 416 299 1.8) (3.82 1.4 16.12 1.393.000 8.4) (9.4 84.39 1.989 478 782 1.3 199.000 3.5 (7.39 1.4 (6.38 1.09 1.41 1.389 157 1.000 16.3 90.500 696.00 1.518.8 5.000 30.5 87.000 86.500 1.18 1.0) (6.6) (0.469 219 6.7) (26.000 18.5 76.3 89.681.1 (0.390.139 162 68 179 66 337 95 106 84 247 265 3.Rollover Analysis Company HINDALCO HINDOILEXP HINDPETRO HINDUNILVR HINDZINC HOTELEELA IBREALEST ICICIBANK IDBI IDEA IDFC IFCI IGL INDHOTEL INDIACEM INDIAINFO INDIANB INDUSINDBK INFOSYSTCH IOB IOC IRB ISPATIND ITC IVRCLINFRA JETAIRWAYS JINDALSAW JINDALSTEL JINDALSWHL JISLJALEQS JPASSOCIAT JPPOWER JSWSTEEL KFA KOTAKBANK KSOILS KTKBANK LICHSGFIN LITL LT LUPIN M&M MARUTI MAX MCDOWELL-N MCLEODRUSS MINIFTY MLL MOSERBAER MPHASIS MRF MRPL MTNL MUNDRAPORT Sector Metals Oil & Gas Oil & Gas FMCG Metals Hotels Realty Banking Banking Telecom Finance Finance Oil & Gas Hotels Cement Finance Banking Banking Technology Banking Oil & Gas Infrastructure Metals FMCG Infrastructure Transport Infrastructure Metals Finance Others Cement Power Metals Transport Banking FMCG Banking Finance Infrastructure Capital Goods Pharma Automobile Automobile Pharma FMCG FMCG Index Transport Technology Technology Automobile Oil & Gas Telecom Trading Derivatives Note LTP 246 238 391 310 1.2 84.125 943.0 (6.600.315.9) (8.5 (835.000 13.500 33.5) (868.282.1 1.2) -3.65 1.6) 70.1 82.500 2.2 (10.1) 13.75 1.85 1.6 79.000 3.000 10.000 3.13 0.492.684.416.38 2.000 5.266.3 90.126 167 69 184 64 317 92 107 92 274 287 3.5 (1.165.1 (4.4 4.8 87.750 41.7 80.2 (14.7) (10.920.0) 32.7) 14.3 43.920.33 1.000 989.3 79.39 1.352 46 133 1.000 16.8) 0.000 124.000 1.65 634 1.3 (14.1 (5.538.5 Rollover Cost 0.40 1.140.28 1.1 (21.290.6 (122.000 25.640.8 75.3) (1.55 725 1.1) (15.000 5.39 0.1 82.4) (0.0 (6.3 88.431 209 104 52 1.153 44 156 1.46 0.81 0.5) 1.39 0.000 2.40 1.6 76.9 77.1) 8.2 62.000 12.0 85.947 500 785 1.000 15.5 60.4) 2.015.8 85.420.6) (8.3 86.9 (1.9) Price Chg till Expiry % 19.000 14.9 (23.500 1.0 92.556.000 4.6) (1.3 90.5) (133.9) (18.318.1) (1.148.40 1.500 3150000 2.6) 1.41 1.069.9 6.140 14.9) (12.180.554 229 116 54 1.0) (4.8 91.4) Rollovers 14.40 1.2 3.131 57 62 678 7.5 77.8 (2.41 1.202.4) (2.066.6 77.4) (81.41 1.3 78.0 92.6) 41.69 143 141 1.39 0.74 1.301.6) 12.9) 2.8 86.8) 281.000 12.69 1.0 85.8 89.8 93.4) (1.6) (1.

8 91.1 69.000 34.6 (11.8 88.8 88.41 1.4 6.992.442.1 22.39 1.8) (4.39 1.9 90.240.000 3.14 1.5 (2.372.6 87.0) 17.000 11.09 1.227 260 276 81 309 420 405 332 457 115 321 439 1.6 83.3) 0.4 77.3 (0.397 1.9 50.39 1.000 2.6) 15.Rollover Analysis Company NAGARCONST NAGARFERT NATIONALUM NEYVELILIG NFTYMCAP50 NHPC NIFTY NMDC NTPC OFSS OIL ONGC ONMOBILE OPTOCIRCUI ORBITCORP ORCHIDCHEM ORIENTBANK PANTALOONR PATELENG PATNI PETRONET PFC PIRHEALTH PNB POLARIS POWERGRID PRAJIND PTC PUNJLLOYD RANBAXY RCOM RECLTD RELCAPITAL RELIANCE RELINFRA RELMEDIA RENUKA ROLTA RPOWER RUCHISOYA SAIL SBIN SCI SESAGOA SIEMENS SINTEX SKUMARSYNF SOBHA SREINFRA SRTRANSFIN STER STERLINBIO Sector Infrastructure Fertilisers Metals Power Index Power Index Metals Power Technology Oil & Gas Oil & Gas Telecom Pharma Realty Pharma Banking Textile Infrastructure Technology Oil & Gas Finance Pharma Banking Technology Power Capital Goods Power Capital Goods Pharma Telecom Power Finance Oil & Gas Power Media Sugar Technology Power FMCG Metals Banking Transport Metals Capital Goods Others Textile Realty Finance Finance Metals Pharma Derivatives Note LTP 139 34 383 132 2.784.9 10.40 1.13 1.695.000 25.30 1.000 3.000 450 77.848 243 179 2.8) (14.40 1.000 7.0 93.000 1.44 1.000 21.000 848.7 6.000 6.37 0.246.42 1.0 51.7 33.40 1.0 39.38 1.000 204.63 1.500 749.6 1.0) 1.9 (0.650.830.8) 4.0 75.500 30.40 1.1 31.2) (9.09 1.500 14.39 1.062.1 (14.476.9) (5.877.3 73.000 833.4 83.1) (4.000 3.250 3.752.2 7.194 152 98 72 117 107 552 138 327.8 90.2) 7.000 21.40 2.7 87.97 1.000 3.6 75.026.000 Rollover % 88.920.1 70.1 (4.052.325 1.4) (3.500 2.000 5.814.3) 13.39 1.5 79.652.2 Rollover Cost 1.000 649.2 (1.664.750 621.873.052.4 12.951 29 5.9) (2.5) 6.2 87.116.79 0.5 73.9 59.3 (0.3 92.000 18.9 87.928.000 12.000 47.2 92.000 1.399 1.223.3 12.4) 282.11 1.0 (4.6) (1.4) 14.742.39 1.04 1.3 9.6 16.000 5618000 6.000 19.078.4) (1.9 (7.000 2.3) 76.9 (9.000 4.4) 4.908 28 6.896.4 21.4 61.92 1.38 1.3 0.4 82.9 (2.4) (6.572.8) (38.58 0.5 80.60 1.4) 30.214.7 (3.26) 1.2 0.0 (77.232.225 177 97 86 126 108 592 139 296.131 276 204 2.1 73.3) 19.2 73.9) 4.9 78.35 667 990 915 227 85 168 160 119 170 2.4) (6.084.43 1.606.81 1.7) (9.250 7.8 82.2 92.39 5 .500 2.1) (5.125 6.39 1.9 7.40 (5.1 (23.7 (4.4) 69.1 11.500 37.9 74.39 1.1 24.71 1.94) 0.304 291 263 76 294 398 367 306 477 125 307 469 1.7 217.000 17.059 815 222 100 154 155 121 181 2.920.6 91.40 (0.5 (13.000 291.39 0.9 8.1 (99.946.6 82.8) 2.000 1.2 66.8 10.8 1.771 131 327 809 182 85 323 111 783 190 102 Last Expiry Price 129 32 360 134 2.21 1.8 87.9) 3.500 1.5 24.9) 19.440.1) (42.7) (0.39 1.250.5 69.000 6.7 (8.4) (1.7 2.5 6.000 174.8 13.5 81.41 1.59 1.6 87.2 86.88 1.5) (7.1) 7.56 1.8 13.9) Rollovers 3.4 (2.360.648.8) 2.0 92.7 82.500 14.2) (21.5 86.204.000 3.4 83.3 (14.000 1.1) (4.3 87.000 2.8 31.0 (10.3 89.2) 6.39 1.5 6.7 82.45 660 1.7 78.8 2.848 145 319 759 205 91 308 116 779 168 105 Chg Price 9.41 1.000 3.22 76.3 -30.39 1.725.63 1.0) (15.7) (6.4 57.1) Price Chg till Expiry % 7.108 1.000 2.388.8 (4.5) (25.39 1.1 (2.

38 2.38 Source: Seediff Derivatives Note 6 .2 0.4 2.000 1.9) (4.422.39 1.178 706 3.4 88.000 1.000 3.8 (4.82 1.4 62.363.8 90.40 (0.500 3.296 780 1.7) 1.8 70.57 1.250 673.2) (2.500 524.0) (19.2 77.8 81.3 (3.6 93.000 1.10 1.0) (0.9 77.3) (2.0 87.206.2) (28.8 80.000 1.000 1.6) (17.218 801 1.6) (3.0 14.1 80.000 9.2) (2.48 1.40 1.95 1.033 632 3.000 4.000 6.8 Price Chg till Expiry % (8.814.598.1 74.39 1.5 (5.80 1.716 102 19 176 76 84 142 1.2 144.976.556.2 80.3) 2.046.3 85.280.40 1.000 5.230.444.560 113 19 174 72 70 114 1.62 1.7 (3.4) (24.9 80.9 81.000 6.4 58.375.5 85.6) 25.820.0) (68.40 1.0 Rollovers 2.000 Rollover % 75.54 1.Rollover Analysis Company STRTECH SUNPHARMA SUNTV SUZLON SYNDIBANK TATACHEM TATACOMM TATAGLOBAL TATAMOTORS TATAMTRDVR TATAPOWER TATASTEEL TCS TECHM TITAN TRIVENI TTML TULIP TV-18 TVSMOTOR UCOBANK ULTRACEMCO UNIONBANK UNIPHOS UNITECH VIDEOIND VIJAYABANK VOLTAS WELCORP WIPRO YESBANK ZEEL Sector Others Pharma Media Power Banking Fertilisers Telecom FMCG Automobile Automobile Power Metals Technology Technology FMCG Sugar Telecom Telecom Media Automobile Banking Cement Banking Fertilisers Realty FMCG Banking Capital Goods Metals Technology Banking Media LTP 75 485 528 55 125 392 256 108 1.254.670.5) (10.11 1.59 1.0) (1.3 82.4 68.0) 11.370 675 1.0 Rollover Cost 1.7) (6.000 9.20) 1.000 3.9 (4.85 1.6 35.500 2.2) (1.067.2) 11.000 10.000 679.861.27 1.9 74.000 2.540.750 117.7) 6.39 1.7) 83.1 90.000 7.5 11.116.1 2.39 1.59 1.1 (14.000 22.1) 5.1) 20.3) (28.7) (64.3) 78.8 2.3 (0.074 341 174 65 217 97 217 165 494 311 145 Last Expiry Price 81 459 493 47 129 358 270 111 1.39 1.40 1.003.000 2.4 (2.2 86.4 84.3 67.000 43.39 1.000 82.000 31.852.500 15.612.606.1 (1.0 11.5 73.250 976.2 93.5) (14.1) 34.1) 6.000 8.26 1.89 1.431.143 345 185 63 226 100 242 230 411 308 142 Chg Price (6.2 7.066.5) 83.0) (11.50 1.6 7.669.6 81.1) 9.1 (21.2) (6.286 608 1.500 3.8 88.66 0.7 83.7 84.7) (2.5 (8.39 0.624.1 16.4 63.8 86.6 (156.9) (4.

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