Nifty Vs OI
The Nifty futures open interest has increased by 0.46%
BankNifty futures open interest has increased by 3.19%
as market closed at 8444.90 levels.
The Nifty July future closed at a discount of 6.60 points
against premium of
2.15 points. The August series
closed at a premium of 29.80 points.
The Implied Volatility of at the money options has
decreased from 14.18% to 13.60%.
Nifty PCR-OI remained unchanged at 1.10 levels.
The total OI of the market is Rs. 1,91,216/- cr. and the
stock futures OI is Rs. 57,402/- cr.
Few of the liquid counters where we have seen high cost
of carry are ADANIPORTS, JPPOWER, ADANIPOWER,
UNITECH and CROMPGREAV.
Yesterday, FII's were net buyer in both the cash
market and futures. They were net buyers of Rs.
575 crores in equity cash. Whereas, they bought
Index Futures of worth Rs 361 crores with rise in
open interest, suggesting long built-up.
In Index options front, FIIs were net buyer of Rs.
698 crores with rise in open interest. We saw some
build-up in 8500 & 8700 call options. Whereas, in
put options, significant amount of open interest
addition was seen in 8100 strike, 8200 and 8400
strikes also added decent amount of open interest.
We have also witness good amount of profit
booking in 8000 put options yesterday. Maximum
buildup in current series in seen in 8500 call and
7900 put options.
Seeing the above data we believe market may
show strength but one should wait to see if Nifty
surpasses from the major resistance level of 8500
to form any longs in Nifty. IV’s are low and we
expect it to increase in coming trading session,
long straddle or long strangle can be a good
strategy to trade in this market.
FII Statistics for 02-July 2015
Turnover on 02-July 2015
Nifty Spot = 8444.90
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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