Nifty May Fut closed at a premium of 36.10 points Report By Mansukh 16th Mat 2011

Derivative Strategy
F & O HIGHLIGHTS
Nifty May 2011 futures closed at 5,580.85, at a premium of 36.10 points over spot closing of 5,544.75, while Nifty June 2011 futures were at 5,594.00 at a premium of 49.25 points over spot closing. The near month May 2011 derivatives contract expires on Thursday, May 26, 2011. Nifty May futures saw addition of 2.34% or 0.62 million (mn) units, taking the total outstanding open interest (OI) to 27.26 mn units.
From the most active underlying, SBI's May 2011 futures closed at a discount of 16.05 points at 2640.95 compared with spot closing of 2657.00. The number of contracts traded was 26,144.
ICICI Bank May 2011 futures were at a premium of 5.10 point at 1081.25 compared with spot closing of 1076.15. The number of contracts traded was 28,536.
Tata Motors Tata Steel May 2011 futures were at a discount of 1.35 points at 1213.50 compared with spot closing of 1214.85. The number of contracts traded was 22,518.
Tata Steel May 2011 futures were at a premium of 2.50 points at 597.40 compared with spot closing of 594.90. The number of contracts traded was 16,976.
RIL May 2011 futures were at a premium of 4.80 points at 955.35 compared with spot closing of 950.55. The number of contracts traded was 20,284.


Strike Price

Nifty Option Open Interest Distribution
Nifty May 5600 call shed 11.31 lakh shares in OI; down 15.62% and 5700 call shed 4.59 lakh shares in OI, down 6.51%. On the put side nifty May 5500 put added 8.29 lakh shares in OI, up 14.20% and 5400 put added 4.93 lakh in OI, up 6.71%. The put-call ratio of stock option increased from 0.33 to 0.36 while put-call ratio of index option increased from 0.88 to 0.89. On the whole the put call ratio was at 0.87.


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