Global Research Limited

DERIVATIVE
Market

Week : June 06th to 10th’ 2011

REPORT
WEEKLY
Analyst Speak
Strong Resistance Zone
in Nifty at 5625-5640

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 Week : June 06th to 10th’ 2011 Week : June 06th to 10th’ 2011

Weekly Analysis Weekly Analysis

NIFTY BANK NIFTY

Weekly Chart

Weekly Chart
Expert Expert
Observation Observation
TECHNICAL OVERVIEW TECHNICAL OVERVIEW

Nifty index closed at 5516.75 with the gain of 40.65 or 0.74 %. The Nifty June future finally settles at 57.15 pts
or 1.05% higher at 5523.50 and added 38,10,950 shares in the open interest. The Nifty future premium
turned to the premium of 6.75 from the discount of 9.75 whereas cost of carry is +1.65 vs. -1.86. Nifty future
shown some recovery due to short covering but it still trading in the bearish zone and if fails to cross the level
of 5625 then selling pressure may continue in it.
Bank Nifty index closed at 10,782.00 with the gain of 59.35 or 0.55 %. The Bank Nifty June future finally
settles at 123.05 pts or 1.16% higher at 10,761.60 and shredded 6,750 shares in the open interest. The Bank
Nifty future discount narrowed to 20.40 from 84.10 whereas cost of carry is -2.56 vs. -8.18. Bank Nifty future
shown some recovery due to short covering but it still trading in the bearish zone and if fails to cross the level
of 11,000 then selling pressure may continue in it.

Sentiment Indicator Nifty Sentiment Indicator Bank Nifty

Particulars 3rd June 2011 27th May 2011 %Change Particulars 3rd June 2011 27th May 2011 %Change

Spot Nifty 5,516.75 5,476.10 +0.74 Spot Bank Nifty 10,782.00 10,722.65 +0.55

Nifty Futures (June) 5,523.50 5,466.35 +1.05 Bank Nifty Futures (June) 10,761.60 10,638.55 +1.16

Nifty CoC (%) +1.65 -1.86 -188.71 Bank Nifty CoC (%) -2.56 -8.18 -68.70

Open Interest 2,59,15,950 2,21,05,000 +17.24 Open Interest 15,31,125 15,37,875 -0.44

Volume 3,40,138 2,83,094 +20.15 Volume 42,394 41,877 +1.23

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 Week : June 06th to 10th’ 2011 Week : June 06th to 10th’ 2011

Weekly Analysis Weekly Analysis

CNX IT OPTION SNAP

Weekly Chart

Weekly Chart
Expert Expert
Observation Observation
TECHNICAL OVERVIEW TECHNICAL OVERVIEW

The CNX IT Index closed at 6562.05 with the gains of 54.45 pts or 0.84 %. The CNX IT June future finally On the call options front addition of open interest was witnessed in the last trading week at strike price of
settles at 52.35 pts or 0.80% higher at 6576.60 and added 4150 shares in the open interest. The CNX IT 5700 and 5800.
future premium turned down to 14.55 from the premium of 16.65 whereas cost of carry is +3.00 vs. +2.67.
On the put options front we have seen addition of open interest in the last trading week at strike price of 5300
CNX IT future remained quite in the last week and closed almost flat and if it continues to hold the support
and 5400.
level of 6450 then some recovery may be seen in it.
OI Chart Analysis: In coming sessions market may trade in a range of 5300-5800. The call option strike
Sentiment Indicator CNX IT price with the maximum number of open interest i.e. 5800 will act as major resistance level where as the put
option strike price with the maximum number of open interest i.e. 5400 will act as major support level.
Particulars 3rd June 2011 27th May 2011 %Change

Spot CNX IT 6,562.05 6,507.60 +0.84

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