06-04-2011

Daily Market Insight

The Portugal’s sovereign debt downgrade by the

credit rating agency Moody’s has again alarmed the
gravity of the financial ill health of the European
continent.
However, the international crude oil prices are
trading firm near the two & a half year highs above
the $108/barrel mark. This would have an inflicting
effect over the demand driven economy with the
likes of India as well as on the bourses.
Technical View-
The technical picture on the charts suggests that the
market participants are currently looking the 6000
mark as the immediate ceiling both in psychological
& technical terms.
The Short term moving average (20-EMA) is trading
near the 5655 mark on the charts. The Long term
moving averages (200-EMA) is trading near the 5845
mark near the Medium term moving average (50-
EMA) at the 5613 mark, which would act as a strong
point of demand for the markets in the coming
Outlook for the day trading sessions.
The ADX indicator is trading at the 51 mark which
Fundamental View- indicates towards an strong trending bullish market
The previous trading session in the Indian equity condition, a continuation of which could lead to
markets proved to marked by a step of excessive gains on the charts in the immediate time
consolidation at elevated index levels after a strong frame. The +DI line which indicates towards the
run up in the last few trading sessions. presence of buyers in the benchmarks has once
The market breadth was tepid with individual again topped out on the charts, indicating towards
sectors as well as scrips trading marginally above or cooling off of the aggressive buying stance by the
below their previous close, on account of profit long side market participants. We expect Nifty to
booking. Also the important development in the trade in the range of 6005-5885 in the coming
previous session was the aggressive buying in the trading session.
mid cap banking & financial stocks as well as small Scrip Name LTP Change % Change
cap counters.
The global economic diasporas proved to be NIFTY
5,910.05 1.6 0.03
eventful with the hike of rates by the Chinese SENSEX
central bank in order to tame the inflationary 19,686.82 -14.91 -0.08
concerns & avoid overheating of the economy as CNXIT 7,313.80 45.95 0.63
well as formation of any major bubble. A same kind CNXMIDCAP 2,610.55 36.8 1.43
of action is also expected from the European central
BANKNIFTY 11,798.90 -5.4 -0.05
bank in the upcoming policy rate review.

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06-04-2011

Daily Market Insight

(World market on 06-04-2011, 6 am IST)

Current Diff % Change For Nifty calls, 5900 strike price (SP) from the
Dow Jones 12,393.90 -6.13 -0.05% April series was the most active call with an
addition of 1.77 mn or 58.56%.
Nasdaq 2,791.19 +2.00 +0.07% Among Nifty puts, 5900 SP from the April month
S&P 500 1,332.63 -0.24 -0.02% expiry was the most active put with an addition of
0.17mn or 6.47%.
FTSE 6,007.06 -9.92 -0.16%
The maximum Call OI outstanding was at 5900 SP
DAX 7,175.31 -0.02 0.00% (4.80) and that for Puts at 5900 SP (2.81).
CAC 4,041.74 -1.18 -0.03% The respective Support and Resistance levels are:
Resistance 5,940.51 -- Pivot Point 5,898.18 --
Hang Seng +16.16 +0.07% Support 5,867.71.
24,166.74 The Nifty Put Call Ratio (PCR) OI wise stood at
Strait Times 3,146.29 -0.46 -0.01% 1.38 for April-month contracts.
The top five scrips with highest PCR on OI were
Nikkei 9,594.99 -20.56 -0.21%
Tata Motors DVR 2.00, Dr Reddy 1.38, Axis Bank
Option Strategy- 1.04 Indusind Bank 1 and IOC 1.

NIFTY OPTION OPEN INTEREST CHART NIFTY OPTION OPEN INTEREST CHANGE CHART

7000000 1600000
6000000 1400000
1200000
5000000
1000000
4000000 800000
CALL OI CALL OI CHNG
3000000 600000
PUT OI PUT OI CHNG
2000000 400000
200000
1000000
0
0 -200000
5300 5500 5700 5900 6100 6300 -400000

The option data suggests that the market participants are currently visualizing the 6000/5900 mark on the
charts as the intermediate term upside in the trading sessions to come. We expect Nifty to trade in the range
of 5990-5890 in the trading sessions to come. The highest concentration at the 6000 strike price in case of call
option along with a strong increase in the OI concentration further strengthens the argument. However in the
case of put option, the concentration at the 5800/5700 strike price along with a significant OI buildup
amplifies the possibility towards a dip near the 5700 mark in the intermediate time frame. We expect Nifty to
trade in the range of 6000- 5890 levels in the immediate time frame.

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 06-04-2011

Daily Market Insight

Close
Derivative Info Company Name (In Rs) 50 EMA
Increase In Open Interest ACC 1123.35 1118.45
%Chg. Ambuja Cement 151.90 149.60
Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price
Axis Bank 1424.75 1429.65
IDEA 1990 3079 54.72% 70.7 4.05%
BHEL 2210.60 2186.03
IOB 835 1105 32.34% 150.65 2.45% BPCL 595.30 597.23
ONMOBILE 534 682 27.72% 303.35 11.06% BajajAuto 1438.15 1450.68
LITL 4662 5928 27.16% 40.4 0.12% Bharti Airtel 360.25 359.65
TITAN 2901 3487 20.20% 3982.7 2.42% Cairn India 365.10 366.67
Cipla 321.20 317.83
DLF 268.80 271.23
Increase In Open Interest & Decrease In Price Dr Reddy's 1639.35 1632.55
%Chg. GAIL India 461.80 458.67
Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price
Grasim Industries 2559.50 2576.10
SUZLON 27377 32590 19.04% 49.05 -2.00% HCL Tech. 486.80 485.73
CONCOR 36 40 11.11% 1231.25 -2.04% HDFC 698.35 703.15
LUPIN 2330 2529 8.54% 414.65 -0.96% HDFC Bank 2395.75 2399.12
JISLJALEQS 4486 4783 6.62% 185.55 -0.43% Hero Honda 1643.25 1626.35
CANBK 3925 4177 6.42% 644.1 -0.16%
Hind.Unil 275.35 278.22
Hindalco 215.45 215.75
ICICI Bank 1111.25 1116.55
Increase In Open Interest & Increase In Price
%Chg. IDFC 163.05 163.72
Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price ITC 184.20 184.63
IDEA 1990 3079 54.72% 70.7 4.05% Infosys Tech 3283.25 3283.18
IOB 835 1105 32.34% 150.65 2.45% JP Associate 97.90 98.30
ONMOBILE 534 682 27.72% 303.35 11.06% Jindal Steel 713.75 712.72
LITL 4662 5928 27.16% 40.4 0.12% Kotak Bank 456.10 459.47
TITAN 2901 3487 20.20% 3982.7 2.42% Larsen & Toubro 1667.50 1682.03
Mah.&Mah. 733.45 740.48

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 06-04-2011

Daily Market Insight

Close
Decrease In Open Interest Company Name (In Rs) 50 EMA
%Chg. Maruti Suzuki 1310.85 1303.85
Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price
NTPC 188.05 189.02
HINDZINC 1854 1364 -26.43% 141.1 0.00%
ONGC 296.50 297.43
CROMPGREA 1115 947 -15.07% 288.45 2.63% PNB 1197.95 1195.52
BGRENERGY 3349 2917 -12.90% 537.3 -0.39%
Power Grid 105.20 105.67
PATELENG 3285 2892 -11.96% 191.35 10.00%
Ranbaxy Labs. 466.15 457.02
BOMDYEING 1268 1139 -10.17% 412.15 1.17%
Rel. Capital 625.80 623.50
Rel. Commn 112.25 110.08
Decrease In Open Interest & Increase In Price Rel. Inds 1047.65 1049.65
%Chg.
Symbol Prev. OI Curr. OI %Chg. OI Curr. Price Price Rel. Infra 685.45 690.48
Rel.Power 133.75 133.92
CROMPGREAV 1115 947 -15.07% 288.45 2.63%
SAIL 175.50 172.83
PATELENG 3285 2892 -11.96% 191.35 10.00%
BOMDYEING 1268 1139 -10.17% 412.15 1.17% SBI 2796.25 2774.28
SYNDIBANK 1673 1513 -9.56% 131.6 5.32% Sesa Goa 314.75 301.02
STRTECH 695 640 -7.91% 63.45 0.08% Siemens 890.35 891.02
Ster.Ind 178.35 174.92
Decrease In Open Interest & Decrease In Price Sun Pharma 449.35 449.78

Symbol Prev. OI Curr. OI %Chg. OI Curr. Price %Chg. Price TCS 1239.85 1222.08
BGRENERG 3349 2917 -12.90% 537.3 -0.39% Tata Motors 1280.35 1262.92
M&M 4293 3896 -9.25% 736.6 -1.15% Tata Power 1314.55 1329.92
PNB 6197 5830 -5.92% 1202.9 -0.03% Tata Steel 635.20 632.50
ABAN 7651 7301 -4.57% 676.5 -0.63%
Wipro 481.00 481.00
ITC 8423 8137 -3.40% 185 -0.67%

Date Buy Sale Net Value

DII
05-Apr-2011 2204.31 1481.02 723.29
FII FII
05-Apr-2011 765.69 1294.67 -528.98
DII

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