Infokit/Derivatives May 8, 2013

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May 7, 2013, 11:57:30 PM5/7/13

Derivatives Research

[For May 08, 2013]

Sharekhan
www.sharekhan.com

Summary of Contents

DARING DERIVATIVES

Derivatives Summary

Nifty (May) futures premium has increased significantly from 0.25 points to 6.75 points.
Total open interest in the market was Rs 143,084 crore and Rs. 8,616 crore were added in open interest.
Nifty call option added 16.76 lakh shares in open interest whereas put added 56.49 lakh shares in open interest.

Market commentary

Mirroring mixed cues from international arena, the Indian bourses commenced the trade on flattish to positive note. Multiple global factors such as 5 year high on Japanese indices, steady recovery in US indices and positive opening of European indices helped local bourses back home to retain gains as renewed buying interest across all the sectoral indices supported the bulls.

Daily view

Around 18.69 lakh shares were added in open interest with a significant increase in the cost of carry indicating, second half rally was on set of acclamation of fresh long positions by market participants.
On the options front, the implied volatility further increased marginally by 4-10%, indicating bias for the market is positive. We might witness momentum in the market continuing up to 6094 levels.

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DERIVATIVES INFO KIT

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Regards, The Sharekhan Research Team	myac...@sharekhan.com
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