Jun 04, 2013
Nifty Vs OI
The Nifty futures open interest decreased by 6.40% while
BankNifty futures open interest is decreased by 1.41% as
market closed at 5939.30 levels.
The Nifty Jun future closed at premium of 19.90 point
against a premium of 14.10 points. The July series
closed at a premium of 33.40 points.
The Implied Volatility of at the money options has
increased from 15.99% to 16.42%.
Nifty PCR-OI has decreased from 1.03 to 0.98 levels.
The total OI of the market is Rs. 1,13,397/- cr. and the
stock futures OI is Rs.28,794/- cr.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, UNITECH, JSWENERGY,
GMRINFRA and HINDZINC.
FII’s were net sellers in cash market segment,
however the quantum of selling was quite less; they
were net sellers worth of
87/- cr. only. On
derivatives front again significant amount of long
unwinding was observed by them in index futures,
while in index options good amount of long buildup
was seen by them in yesterday’s trade.
On options front 5900-6200 call option has seen
considerable amount of buildup in open interest and
with call IV’s going up majority of this buildup could
be on the longer side. While in put option 5800 strike
has seen maximum buildup in open interest followed
by decent amount of unwinding observed in 6000
strike which was much of short covering in
yesterday’s trading session.
IDBI has seen good amount of short buildup in last
expiry and with rollover also on the higher side
majority of the position has carried forward. Around
78-79 the counter has very strong support and
hence we feel short covering bounce could be seen in
this stock which could take the counter to around
87. Go long with the stop loss of
Jun 04, 2013
FII Statistics for 03-June-2013
Turnover on 03-June-2013
Nifty Spot =5939.30
Lot Size = 50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Jun. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
Jun 04, 2013
Long call ladder
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