Mar 02, 2015
Nifty Vs OI
The Nifty futures open interest increased by
BankNifty futures open interest has increased by 3.80%
as market closed at 8901.85 levels.
The Nifty March future closed at premium of
points against a premium of 48.70 points. The April
series closed at a premium of 125.25 points.
The Implied Volatility of at the money options has
decreased from 19.22% to 16.75%.
Nifty PCR-OI has increased from 0.85 to 0.86 levels.
The total OI of the market is Rs. 1,95,808/- cr. and the
stock futures OI is Rs. 70,251/- cr.
Few of the liquid counters where we have seen high cost
of carry are GRASIM, HDFCBANK, IDFC, BAJAJ-AUTO
FIIs bought in cash market segment of worth Rs. 614
crores. In Index Futures they were net buyers of worth
Rs. 2224 crores with rise in open interest indicating
fresh long formation.
In Index Options again they bought of worth Rs.
1356/- crores with good amount of rise in open
interest suggesting buying in options. In call options
we saw good amount of buildup in the range of
9000-9200 strike price and we believe these are
long positions hoping market to breach those levels.
In put options
8600-8900 strikes added decent
buildup. Maximum buildup in current series is visible
in 9000 call & 8500 put options.
Seeing the above data we believe we may see some
more strength in Nifty but we would suggest not
going aggressively long at current levels. Budget not
as good as it appears from short term, so buying put
options at bounce will be a good idea.
Mar 02, 2015
FII Statistics for 28-Feb-2015
Turnover on 28-Feb-2015
Nifty Spot =8901.85
Lot Size = 25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Mar Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
Mar 02, 2015
Research Team Tel: 022 - 39357800
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