Apr 07, 2015
Nifty Vs OI
The Nifty futures open interest has decreased by 1.82%
BankNifty futures open interest has decreased by 4.54%
as market closed at 8659.90 levels.
The Nifty April future closed at premium of 29.90 points
against a premium of 46.85 points. The May series
closed at a premium of 78.55 points.
The Implied Volatility of at the money options has
increased from 12.43% to 13.12%.
Nifty PCR-OI has increased from 0.96 to 0.98 levels.
The total OI of the market is Rs. 1,93,637/- cr. and the
stock futures OI is Rs. 65,228/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPPOWER, UNITECH, MOTHERSUMI, STAR
Yesterday Nifty broke its resistance zone of 8600 and
closed above 8650 levels with low volume. FIIs were
net buyers in cash market segment of worth Rs. 937
crores. In Index Futures they sold of Rs. 752 crores
with some fall in open interest indicating blend of
long unwinding and fresh short formation.
In Index Options they bought significantly of worth
Rs. 1004 crores with rise in open interest suggesting
fresh long formation. In call options
strikes added good amount of buildup, we believe
these are long positions. On the other hand in put
options we continue to see addition in open interest
of 8600, 8400 & 8200 strikes with increase in IV’s.
Maximum buildup in current series is seen in 9000
call & 8400 put option.
Yesterday Nifty showed strength but banking counters
continued to show weakness. Major component from
Pharmaceutical and Consumer Goods & FMCG lead
yesterday’s move. Seeing the overall data we believe
one should trade stock specific and avoid trading
aggressively in Nifty.
Apr 07, 2015
FII Statistics for 06-Apr-2015
Turnover on 06-Apr-2015
Nifty Spot = 8659.90
Lot Size = 25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Apr Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
Apr 07, 2015
Long Call Ladder
Ratio Bear Put Spread
Research Team Tel: 022 - 39357800
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