www.capitalvia.

com

RESEARCH

WEEKLY
DERIVATIVES REPORT
Bears Weighing More On Markets Amidst
Greece Concerns !

10th May 2010 to 15th May 2010

www.capitalvia.com
 Weekly Report Derivatives
Weekly
10th May to Commodity
15th May 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - Nifty

Sentiment Indicator Nifty:

Particulars 7th May 2010 30th April 2010 %Change

Spot Nifty 5018.05 5278.00 -4.92

Nifty Futures May 5019.80 5262.80 -4.61

Nifty CoC (%) +0.64 -3.89 +116.45

Open Interest 31495300 26627200 +18.28

Volume 709593 316277 +124.35

Nifty Snap
Last week the Nifty Index plunged on the Greece concerns and ended lower at 5018.05 Mark losing -4.92%.
On the derivatives front we can see that the Nifty futures prices ended in the red territory along with an overall
addition of open interest and an increase in the cost of carry on weekly basis, this is an indication of some longs
building at lower levels. For the coming week Nifty will continue to face Resistance at its 5080 Mark, a
maintenance above this mark can continue some pull back in it and in that case it can the next crucial Resistance
would be 5165/5200 levels which would be tough to be sustained whereas on the downside Strong Support is
seen in the vicinity of 4892/4846 levels.

www.capitalvia.com | 2
 Weekly Report Derivatives
Weekly
10th May to Commodity
15th May 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - Bank Nifty

Sentiment Indicator Bank Nifty:

Particulars 7th May 2010 30th April 2010 %Change
Spot Bank Nifty 9276.10 9870.35 -6.02

Bank Nifty Futures May 9293.45 9842.10 -5.57

BankNifty CoC (%) +3.41 -3.87 +188.11

Open Interest 1049000 1220500 -14.05

Volume 76327 36126 +111.27

Bank Nifty Snap

The Bank Nifty Index also plunged last week and topped out at its 9900 levels to give a close at 9276.10 Mark
losing -6.02%. On the derivatives front we can see that on weekly basis the Bank Nifty Future ended in the red
territory along with rise in the cost of carry and decline in the overall open interest, this is an indication of Long
Closures at higher levels. For the coming week immediate Support for the Bank Nifty Index is seen around its
9170 mark, a breach of these levels will make the short term trend further weak and the next major Supports
are seen at 8832/8600 levels whereas on the upside Resistance is seen at 9600 levels and major Resistance
continue to exist at the recent top made at 9900 levels.

www.capitalvia.com | 3
 Weekly Report Derivatives
Weekly
10th May to Commodity
15th May 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Derivative Wrap - CNX IT

Sentiment Indicator CNX IT:

Particulars 7th May 2010 30th April 2010 %Change

Spot CNX IT 5726.60 5985.80 -4.33

CNX IT Futures May 5724.25 5967.35 -4.07

CNX IT CoC (%) -0.74 -4.16 +82.00

Open Interest 24550 18000 +36.38

Volume 259 367 -41.69

CNX IT Snap
The CNX IT Index also ended on a weak note last week at 5726.60 Mark losing -4.33%. On the derivatives front
we can see that the CNX IT Index futures prices plunged along with an overall addition of open interest and
increase in the cost of carry, this is an indication of some speculative longs being built at lower levels. For the
coming week CNX IT Index Support is seen at 5493/5411/5215 levels whereas on the upside 5930/6060 Mark
would continue to act as Resistance.

www.capitalvia.com | 4
 Weekly Report Derivatives
Weekly
10th May to Commodity
15th May 2010 Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Options Snap

From the OI Concentration Chart (May Series) we can see that maximum addition of open interest on the put
options front is seen at strike price of 4900 indicating it as a very strong support on the downside whereas on
the call options front we have seen maximum addition of open interest at strike price of 5200-5300 indicating it
as a Resistance zone on the upside.

www.capitalvia.com | 5
 Weekly Report Derivatives
Weekly
10th May to Commodity
15th May 2010 Report
1st March to 6th Mar 2010
RESEARCH
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 Commodity 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 | 6