Derivative Strategy On Future And Option Morning Report By Mansukh (11-March-2011)

Derivative Strategy
Nifty March 2011 futures closed at 5,508.40 at a premium of 14.00 over spot closing of 5,494.40, while Nifty April 2011 futures were at 5,528.40 at a premium of 34.00 points over spot closing. The near month March 2011 derivatives contract expire on Thursday, March 31, 2011. Nifty March futures saw an addition of 8.21% or 1.79 million (mn) units, taking the total outstanding open interest (OI) to 23.72 mn units.

From the most active underlying, Tata Steel March 2011 futures closed at a premium of 3.20 points at 599.75 compared with spot closing of 596.55. The number of contracts traded was 23,512.
SBI's March 2011 futures were at a premium of 13.95 points at 2602.85 compared with spot closing of 2588.90. The number of contracts traded was 20,436.

Tata Motors March 2011 futures were at a discount of 10.30 points at 1156.00 compared with spot closing of 1166.30. The number of contracts traded was 16,978. Reliance Capital March 2011 futures were at a premium of 3.90 points at 529.90 compared with spot closing of 526.00. The number of contracts traded was 17,920. Hindalco March 2011 futures were at a discount of 0.10 points at 209.50 compared with spot closing of 209.60. The number of contracts traded was 10,044.
Derivative Strategy On Futures And Options

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