Global Research Limited

WEEKLY
DERIVATIVES
REPORT
06th Dec - 11th Dec 2010

BUYING AT LOWER LEVELS MADE THE

MARKETS SURGE
www.capitalvia.com
 Derivatives
06th Dec - 11th Dec, 2010

RESEARCH

Derivative Wrap - Nifty Sentiment Indicator Nifty

Particulars 3rd Dec. 2010 26th Nov. 2010 %Change

Spot Nifty 5992.80 5751.95 +4.18

Nifty Futures (Dec) 6016.75 5778.15 +4.12

Nifty CoC (%) +5.40 +4.88 +10.65

Open Interest 28404650 25645850 +10.75

Volume 356553 776465 -54.08

Last week the Nifty Index surged nearly 4% and ended near its 6000
mark at 5992.80. On the derivatives front we have seen that the Nifty
Futures prices surged along with overall addition of open interest and
increase in the cost of carry, this is an indication of longs being built up
at lower levels. For the coming week immediate resistance for Nifty is
seen at its 6030 levels, a decisive maintenance above the 6030 level can
take it to 6100/6150 mark whereas on the downside support is seen at
5860/5820 levels.

Derivative Wrap - Bank Nifty Sentiment Indicator Bank Nifty

Particulars 3rd Dec. 2010 26th Nov. 2010 %Change

Spot Bank Nifty 12349.20 11668.85 +5.83

Bank Nifty Futures (Dec) 12408.65 11718.80 +5.88

Bank Nifty CoC (%) +6.50 +4.59 +41.61

Open Interest 1271975 1427150 -10.87

Volume 55721 100452 -44.52

The Bank Nifty Index last week ended at 12349.20 with gains of nearly
6%. On the derivatives front the Bank Nifty Futures prices surged along
with rise in the cost of carry but decline in open interest, this is an
indication that short covering was witnessed in the Bank Nifty Index.
For the coming week immediate support for the Bank Nifty Index is seen
at 12050 mark, below this level the next major support is at 11905
levels whereas on the upside Resistance for the Index is seen at
12680/12830 levels.

www.capitalvia.com | 2
 Derivatives
06th Dec - 11th Dec, 2010

RESEARCH

Derivative Wrap - CNX IT Sentiment Indicator Nifty

Particulars 3rd Dec. 2010 26th Nov. 2010 %Change

Spot CNX IT 6856.65 6615.40 +3.64

CNX IT Futures (Dec) 6882.60 6647.95 +3.52

CNX IT CoC (%) +5.11 +5.28 -3.21

Open Interest 11200 10550 +6.16

Volume 204 213 -4.22

Last week the CNX IT Index also ended in the green along with other
indices. It gained 3.64% and closed at 6856.65. On the derivatives
front we have seen that the CNX IT Futures prices surged along with an
overall addition of open interest but decline in the cost of carry, this is an
indication that some shorts have been built at higher levels. For the
coming week the Resistance for CNX IT Index is seen at 6936/7036
levels whereas on the downside support for the Index is seen at
6685/6617 levels.

Options Snap

From the OI Concentration (Dec. Series)

we can see that the maximum addition of
open interest on the call options front is
existent at strike price of 6000 and 6100
indicating the 6100 mark as immediate
resistance on upside whereas on the put
options front addition of open interest is
seen at strike price of 5800-5600
indicating it as the strong support zone on
the downside.

www.capitalvia.com | 3
 Derivatives
06th Dec - 11th Dec, 2010

RESEARCH

Disclaimer

The information and views in this report, our website & all the service we provide are
believed to be reliable, but we do not accept any responsibility (or liability) for errors
of fact or opinion. Users have the right to choose the product/s that suits them the
most.

Investment in Stocks has its own risks. Sincere efforts have been made to present
the right investment perspective. The information contained herein is based on
analysis and up on sources that we consider reliable. We, however, do not vouch
for the accuracy or the completeness thereof. This material is for personal
information and we are not responsible for any loss incurred based upon it &
take no responsibility whatsoever for any financial profits or loss which may
arise from the recommendations above.

The stock price projections shown are not necessarily indicative of future price
performance. The information herein, together with all estimates and forecasts, can
change without notice.

CapitalVia does not purport to be an invitation or an offer to buy or sell any

financial instrument.

Analyst or any person related to CapitalVia might be holding positions in the stocks
recommended.

It is understood that anyone who is browsing through the site has done so at his free
will and does not read any views expressed as a recommendation for which either
the site or its owners or anyone can be held responsible for.

Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights
to forward or share our calls or SMS or Report or Any Information Provided
by us to/with anyone which is received directly or indirectly by them. If
found so then Serious Legal Actions can be taken.

Any surfing and reading of the information is the acceptance of this disclaimer.

All Rights Reserved.

www.capitalvia.com | 4
Contact Us
Contact Number:
Hotline: +91-91790-02828
Landline: +91-731-668000
Fax: +91-731-4238027

You Can Send Us DD &

Communication @ Postal Address:
CapitalVia Global Research Limited
No. 99, 1st Floor, Surya Complex
R. V. Road, Basavanagudi
Opposite Lalbagh West Gate
Bangalore - 560004
Corporate Office Address:
No. 99, 1st Floor, Surya Complex
R. V. Road, Basavangudi
Opposite Lalbagh West Gate
Bangalore - 560004

India:
CapitalVia Global Research Limited
No. 506 West, Corporate House
169, R. N. T. Marg, Near D. A. V. V.
Indore - 452001

Singapore:
CapitalVia Global Research Pvt. Ltd.
Block 2 Balestier Road
#04-665 Balestier Hill
Shopping Centre
Singapore - 320002