Stock Futures and Options Tips
Transcript of Stock Futures and Options Tips
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Shorting At Higher Levels Continues ToMark 5200 As Hurdle
17th May 2010 to 22nd May 2010
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WEEKLYDERIVATIVES REPORT
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R E S E A R C H
Weekly Commodity Report1st March to 6th Mar 2010
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Spot Nifty 5093.50 5018.05 +1.50
Volume 581569 709593 -18.04
Last week Nifty ended with gains of 1.50% on account of Bailout Package being announced by the Greece
Economy. The Nifty rebounded and covered some of its previous week's losses to end well above its 5000 mark
at 5093.50 levels. The Nifty touched its 5200 mark but could not sustain there. If we look onto the derivatives
desk we can see that the Nifty futures prices surged along with overall shredding of open interest and decline in
the cost of carry, this is an indication of some profit booking leaped in at higher levels. For the coming week
major Support for Nifty continues to exist at its 4980 Mark, a failure to sustain this mark can lead to furtherselling pressure in the markets and in that case the next Support is seen in the range of 4846/4750 whereas on
the upside Major Resistance continues to exist at 5212 levels, a crossover above this mark will only provide
some strength to the index and if that is surpasses decisively the rally may continue towards 5265/5300 levels.
Sentiment Indicator Nifty:
Nifty Futures May
Nifty CoC (%)
5083.65 5019.80 +1.27
-5.42 +0.64 -948.39
Open Interest 30670550 31495300 -2.61
Nifty Snap
Derivative Wrap - Nifty
14th May 2010 7th May 2010 %ChangeParticulars
Weekly Report Derivatives17th May to 22nd May 2010
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R E S E A R C H
Weekly Commodity Report1st March to 6th Mar 2010
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The Bank Nifty Index last week ended with gains of 3.37% at 9578.05 Mark. The index failed to cross its crucial
resistance mark of 9900 and reverted. The index after testing 9850 levels witnessed some selling pressure and
ended at 9589.05.Looking at the derivatives desk we can see that the Bank Nifty Futures prices surged along
with an overall addition of open interest but with decline in the cost of carry, this is an indication of short built
up at higher levels. For the coming week Bank Nifty Index Immediate Support is seen at its 9400 levels, a
decisive maintenance below this level can continue the selling pressure in it and the Next Supports are seen at
9240/8980 levels whereas Resistance is seen in the zone of 9700-9900.
Sentiment Indicator Bank Nifty:
Spot Bank Nifty
Bank Nifty Futures May
BankNifty CoC (%)
9573.80 9293.45 +3.01
-4.46 +3.41 -230.95
Open Interest 1187600 1049000 +13.21
Volume 67233 76327 -11.91
Bank Nifty Snap
14th May 2010 7th May 2010 %ChangeParticulars
9589.05 9276.10 +3.37
Derivative Wrap - Bank Nifty
Weekly Report Derivatives17th May to 22nd May 2010
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R E S E A R C H
Weekly Commodity Report1st March to 6th Mar 2010
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The CNX IT Index along with other indices also ended in the positive territory gaining nearly 2% at 5839.75
mark. The CNX IT Futures prices gained along with an overall addition of open interest but no change in the
cost of carry, this is an indication of some longs being built in it at lower levels. For the coming week CNX IT
Index continues to be in the sell zone until it surpasses its 5930/6060 levels on the upside whereas on the
downside supports are seen at 5700/5587 levels.
Sentiment Indicator CNX IT:
14th May 2010 7th May 2010 %ChangeParticulars
Spot CNX IT
CNX IT Futures May
CNX IT CoC (%)
5838.20 5724.25 +1.99
-0.74 -0.74 -
Open Interest 24800 24550 +1.01
Volume 514 259 +98.45
5839.75 5726.60 +1.97
CNX IT Snap
Derivative Wrap - CNX IT
Weekly Report Derivatives17th May to 22nd May 2010
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R E S E A R C H
Weekly Commodity Report1st March to 6th Mar 2010
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From the OI Concentration Chart (May Series) we can see that maximum addition of open interest on call
options continues to exist at 5200-5300 strike indicating it as a strong hurdle zone on the upside whereas on
the put options front we can see maximum 5000 strike indicating it as a good support on downside.
Options Snap
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R E S E A R C H
Weekly Commodity Report1st March to 6th Mar 2010
R E S E A R C HR E S E A R C H
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Weekly Report Derivatives17th May to 22nd May 2010
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