Nifty Vs OI
The Nifty futures open interest has increased by 4.48%
BankNifty futures open interest has increased by 9.36%
as market closed at 8453.05 levels.
The Nifty July future closed at a premium of 2.15 points
against premium of
9.30 points. The August series
closed at a premium of 37.65 points.
The Implied Volatility of at the money options has
decreased from 15.38% to 14.18%.
Nifty PCR-OI has increased from 1.07 to 1.10 levels.
The total OI of the market is Rs. 1,87,283/- cr. and the
stock futures OI is Rs. 57,118/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPASSOCIAT, IFCI, JPPOWER, IOB and UBL.
Yesterday, FII's were net buyer in both the cash
market and futures. They were net buyers of Rs. 75
crores of equity cash. Whereas, they bought Index
Futures of worth Rs 398 crores with rise in open
interest, suggesting long built-up.
In Index options front, FIIs were net buyer of Rs.
826 crores with rise in open interest. We saw good
amount of buildup in the range of 8700 to 8900
call options. Whereas, in put options, significant
amount of open interest addition was seen in 8000
strike, 8300 and 8400 strikes also added decent
amount of open interest. Maximum buildup in
current series in seen in 8500 call, whereas in put
options, buildup has shift from 7900 put option to
8000 put options.
Seeing the above data we believe market may
show strenght but one should wait to see if Nifty
surpasses the major resistance level of 8500. IV’s
are low and we expect it to increase in coming
trading session, long straddle or long strange can
be a good strategy to trade in this market.
FII Statistics for 01-July 2015
Turnover on 01-July 2015
Nifty Spot = 8453.05
Lot Size = 25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
June 29, 2015
Ratio Bear Put Spread
Research Team Tel: 022 - 39357800
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