Global Research Limited

Market

DERIVATIVE

Week : Aug 15th to 19th Aug’ 2011

REPORT

WEEKLY
Analyst Speak

Nifty May Stay In The Range Of 4900-5200
Premium
segment

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Week : Aug 15th to 19th Aug’ 2011

Week : Aug 15th to 19th Aug’ 2011

Weekly Analysis
NIFTY

Weekly Analysis
BANK NIFTY

Expert

Weekly Chart

Observation
TECHNICAL OVERVIEW

5,627.20

Expert

Observation
TECHNICAL OVERVIEW
Bank Nifty index closed at 10,182.70 with the loss of 171.80 or -1.66 %. The Bank Nifty Aug future finally settles at 152.05 pts or 1.47% lower at 10,195.60 and increased 76,725 shares in the open interest. The Bank Nifty future came to a premium of 12.90 from discount of 6.85 earlier, whereas cost of carry is 3.56 vs. 1.21. Bank Nifty future has closed at 10195.60 and now next logical resistance is at 10335 and 10525 levels, and good support near 10075 and 9,939 levels.

Nifty index closed at 5072.95 with the loss of 138.30 or -2.65 %. The Nifty aug future finally settles at 131.50 pts or -2.52 % lower at 5079.85 and increased 23,47,800 shares in the open interest. The Nifty future premium turned to the premium of 6.90 from the premium of 0.10 whereas cost of carry is 3.82 vs. 0.04. Nifty future has closed at 5079.85 and now next logical resistance is at 5190 and 5250 levels, and good support near 5000 and 4951 levels.

Sentiment Indicator Nifty
Particulars
Spot Nifty Nifty Futures (Aug) Nifty CoC (%) Open Interest Volume

Sentiment Indicator Bank Nifty
12th Aug 2011
5,072.95 5,079.85 3.82 2,70,09,650 4,58,286

5th Aug 2011
5,211.25 5,211.35 0.04 2,46,61,850 7,25,621

%Change
-2.65 -2.52 9450.00 9.52 -36.84

Particulars
Spot Bank Nifty Bank Nifty Futures (Aug) Bank Nifty CoC (%) Open Interest Volume

12th Aug 2011
10,182.70 10,195.60 3.56 14,85,200 60,207

5th Aug 2011
10,354.50 10,347.65 -1.21 14,08,475 70,911

%Change
-1.66 -1.47 -394.21 5.45 -15.09

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Weekly Chart

Week : Aug 15th to 19th Aug’ 2011

Week : Aug 15th to 19th Aug’ 2011

Weekly Analysis
CNX IT

Weekly Analysis
OPTION SNAP

Weekly Chart

Expert

Observation
TECHNICAL OVERVIEW
The CNX IT Index closed at 5416.25 with the loss of 495.30 points or -8.38%. The CNX IT Aug future finally settles at 494.65 pts or 8.35% lower at 5430.05 and increased 4,350 shares in the open interest. The CNX IT future premium turned to a premium of 13.80 from premium of 13.15 earlier, whereas cost of carry is 7.15 vs. 4.06. CNX IT future has closed at 5430.05 and now next logical resistance is at 5600 and 5800 levels, and good support near 5200 and 5000 levels.

Expert

Observation
TECHNICAL OVERVIEW
On the call options front addition of open interest was witnessed in the last trading week at strike price of 5500 and 5600. On the put options front we have seen addition of open interest in the last trading week at strike price of 5100 and 5000. OI Chart Analysis: In coming sessions market may trade in a range of 5000-5500. The call option strike price with the maximum number of open interest i.e. 5500 will act as major resistance level where as the put option strike price with the maximum number of open interest i.e. 5000 will act as major support level.

Sentiment Indicator CNX IT
Particulars
Spot CNX IT CNX IT Futures (Aug) CNX IT CoC (%) Open Interest Volume

12th Aug 2011
5,416.25 5,430.05 7.15 15,050 375

5th Aug 2011
5,911.55 5,924.70 4.06 10,700 329

%Change
-8.38 Disclaimer -8.35 76.11 40.65 13.98
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Weekly Chart

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