>Derivative Strategy (MICROSEC)

ANALYSIS OF FUTURE AND OPTIONS MARKET

HIGHLIGHTS

* Nifty opened flat to weak but fell to test a low of 2735 in early trade. It recovered from there and a late surge helped it close higher by 0.84%. However, the breadth of the market was negative.

* Inflation for the week ended 14th Feb came at 3.36%

* Nifty Call options of strike 2800 added 22254 lots to open interest while Put options of strike 2700 had a build up of 31790 lots. Put options of strike 2500 also added 25290 lots to open interest.

* Nifty Put Call ratio (OI) stands at 1.17 with the total open interest in Call options at 1,038,639 lots and that in Put options at 1,215,329 lots

* Ultratech Cement, Mphasis BFL, Chambal Fertilizers, Hero Honda Motors, Infosys
Technologies, NTPC and Cipla Ltd look good

* Volatility Index fell by 4.94% from 41.94 to 39.87.

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>Derivative Strategy (MICROSEC)

HIGHLIGHTS

● Although Nifty remained range-bound between 2890 and 2960, the breadth of the
market was positive and the midcap index moved up by 1.6%

● Nifty Put Call ratio (OI) rose to 1.34 with the total open interest in Call options at
712,275 lots and that in Put options at 957,454 lots

● Nifty Call options of strike 3000 added 11070 lots to open interest while Put
options of strike 2800 had a build up of 13264 lots

● Dish TV, Unitech Ltd, Educomp Solutions, HDIL, Divis Laboratories, Lanco
Infratech, Punj Lloyd, Larsen & Toubro, Kotak Mahindra Bank, Adlabs Films,
Reliance Capital and United Spirits look good

● Volatility Index fell by 0.63% from 44.58 to 44.30 after making an intra-day low of
40.93

To see full report: Derivative Strategy