Nifty Vs OI
The Nifty futures open interest has increased by 2.61%
BankNifty futures open interest has increased by 8.52%
as market closed at 8484.90 levels.
The Nifty July future closed at a premium of 3.10 points
against discount of 6.60 points. The August series closed
at a premium of 38.75 points.
The Implied Volatility of at the money options has
increased from 13.60% to 14.92%.
Nifty PCR-OI has increased from 1.10 to 1.11 levels.
The total OI of the market is Rs. 1,97,932/- cr. and the
stock futures OI is Rs. 57,793/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPPOWER, ADANIPOWER, UNITECH IFCI and
Friday, FII's were net buyer in both the cash market
and futures. They were net buyers of Rs.
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 bought significantly of
Rs. 1311 crores with rise in open interest. We saw
huge build-up in 8500 call options with rise in IV’s
suggesting long formation. Whereas, in put
options, build-up was scattered in the range of
8200-8600. Maximum buildup in current series in
seen in 8500 call and 8000 put options.
Seeing the above data we believe market may
show strength but one should wait to see
reasonable amount of fresh buying above 8500
levels to form any longs in Nifty. We suggest
being light in market and trade stock specific.
FII Statistics for 03-July 2015
Turnover on 03-July 2015
Nifty Spot = 8484.90
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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