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Derivatives Global Research

VIEWS: 4 PAGES: 4

									                                         Global Research Limited




DERIVATIVE
Market


Week : 21st to 25th Nov'2011




REPORT
WEEKLY

                  Analyst Speak
                  4700 Last Support For Nifty!!


Premium
segment                                www.capitalvia.com
 Week : 21st to 25th Nov'2011                                                                                                                                                                      Week : 21st to 25th Nov'2011




Weekly Analysis                                                                                                                   Weekly Analysis
 NIFTY                                                                                                                            BANK NIFTY




                                                                                                                                                                                                                                        Daily Chart
                                                                                                                    Daily Chart
 Expert                                                                                                                           Expert
 Observation                                                                                                                      Observation
      TECHNICAL OVERVIEW                                                                                                             TECHNICAL OVERVIEW

 Nifty index closed at 4905.80 with the loss of 263.05 or -2.18%. The Nifty Sept future finally settles at with a                 Bank Nifty index closed at 8850.25 with the loss of 472.30 pts or -5.08%. The Bank Nifty Aug future
 loss 282.85 pts or -2.16% below at 4908.90 and decreased 3058900 shares in the open interest. The Nifty                          finally settles at loss of 460.75 pts or -4.94% below at 9320.00 and decreased 61375 shares in the
 future turned to the premium of 3.10 from 22.90 where as cost of carry is 17.35% vs.4.97%. Nifty future has                      open interest. The Bank Nifty future came to a premium of 9 from discount of 72.55 earlier, whereas
 closed at 4908.90 and now next logical resistance is at 5085 and 5270 levels, and good support near 4700                         cost of carry is 10.78 vs -2.81 Bank Nifty futures has closed at 8859.25 and now next logical
 and 4500 levels.
                                                                                                                                  resistance is at 9175 and 9470 levels, and good support near 8630 and 8140 levels.

 Sentiment Indicator Nifty                                                                                                        Sentiment Indicator Bank Nifty
      Particulars                          18th Nov 2011           11th Nov 2011              %Change                                 Particulars                      18th Nov 2011         11th Nov 2011          %Change

      Spot Nifty                               4905.80                 5168.85                  -5.09%                                Spot Bank Nifty                      8850.25              9292.55                 -5.08

      Nifty Futures (Sept)                     4908.90                 5191.75                  -5.44%                                Bank Nifty Futures (Sep)             8859.25              9320.00                 -4.94

      Nifty CoC (%)                               17.35                     4.97                 1.43%                                Bank Nifty CoC (%)                     10.78                  -2.81            -483.62

      Open Interest                          23649500                26708400                 -11.45%                                 Open Interest                       2058875               1997500                 3.07

      Volume                                    524673                  387553                 35.38%                                 Volume                                 75793                 86381              -12.25




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 Week : 21st to 25th Nov'2011                                                                                                                                                                                                                                  Week : 21st to 25th Nov'2011




Weekly Analysis                                                                                                             Weekly Analysis
 CNX IT                                                                                                                     OPTION SNAP




                                                                                                                                                                                                                                                                                                                                     Weekly Chart
                                                                                                              Daily Chart
 Expert                                                                                                                     Expert
 Observation                                                                                                                Observation
      TECHNICAL OVERVIEW                                                                                                           TECHNICAL OVERVIEW

 The CNX IT Index closed at 6024.45 with the loss of 167.65 points or -2.72% The CNX IT Aug future finally                   On the call options front addition of open interest was witnessed in the last trading week at strike price of
 settles at -167.65 pts down or -2.71% below at 6024.45 and decreased 5100 shares in the open interest. The                  5200 and 5300.
 CNX IT future came to a premium of 6.65 from 23.25 earlier, whereas cost of carry is 5.93 vs. 7.51 CNX IT
 futures has closed at 6192.10 and now next logical resistance is at 6330 and 6500 levels, and good support                  On the put options front we have seen addition of open interest in the last trading week at strike price of 4700
 near 5935 and 5830 levels.                                                                                                  and 4800.

                                                                                                                             OI Chart Analysis: In coming sessions market may trade in a range of 4700-5300. The call option strike
 Sentiment Indicator CNX IT                                                                                                  price with the maximum number of open interest i.e. 5300 will act as major resistance level where as the put
                                                                                                                             option strike price with the maximum number of open interest i.e. 4800 will act as major support level.
      Particulars                         18th Nov 2011         11th Nov 2011            %Change

      Spot CNX IT                             6017.80               6168.85                 -2.72
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      CNX IT Futures (Sep)                    6024.45               6192.10                 -0.53                           to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion.   Analyst or any person related to CapitalVia might be holding positions in the stocks
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