May 06, 2013
Nifty Vs OI
The Nifty futures open interest decreased by 1.04% while
BankNifty futures open interest is increased by 0.89% as
market closed at 5944.00 levels.
The Nifty May future closed at premium of 4.25 point
against a premium of 8.05 points. The June series closed
at a premium of 11.75 points.
The Implied Volatility of at the money options has
decreased from 14.86% to 13.97%.
Nifty PCR-OI has increased from 1.09 to 1.12 levels.
The total OI of the market is Rs. 1,31,026/- cr. and the
stock futures OI is Rs.27,525/- cr.
Few of the liquid counters where we have seen high cost
of carry are
PNB, GRASIM, APOLLYTYRE, CESC and
Despite a decent fall in Friday’s market, FII’s continue
to buy in cash market segment; they were net buyers
954/- cr. On derivatives front not much of
activity was observed in index futures, however in
index options and stock futures some short buildup
was seen by them in Friday’s trade.
On options front not much of buildup was observed
in call option, while in put option considerable
amount of buildup was seen in 5500 and 5800 strike
price and with IV’s going down majority of this
buildup could be on the shorter side. Some
unwiniding was also seen in 5900 put option which
was much of long unwinding in Friday’s trading
TCS has seen decent amount of short buildup in last
expiry and with decent rollover majority of this
buildup has carried forward. In the start of this series
the counter has seen good amount of long buildup
on such a high base of open interest indicating more
short covering bounce could be seen in this stock
which could take the counter to around
long on dips at around
1410-1420 with the stop
May 06, 2013
FII Statistics for 03-May-2013
Turnover on 03-May-2013
Nifty Spot =5944.00
Lot Size = 50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
May 06, 2013
Bull Call Spread
Profit booked on 02-May-2013
Research Team Tel: 022 - 39357800
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