Nov 07, 2014
Nifty Vs OI
The Nifty futures open interest increased by 5.73% while
BankNifty futures open interest has increased by 10.44%
as market closed at 8338.30 levels.
The Nifty November future closed at premium of 41.85
points against a premium of
36.90 points. The
December series closed at a premium of 94.25 points.
The Implied Volatility of at the money options has
increased from 11.92% to 12.00%.
Nifty PCR-OI has increased from 0.94 to 0.96 levels.
The total OI of the market is Rs. 1,80,015/- cr. and the
stock futures OI is Rs. 56,143/- cr.
Few of the liquid counter stocks where we have seen high
cost of carry are HDFCBANK, LUPIN, UBL, IDEA and
Monday market traded in the range but gave a
closing in green. FIIs continue buying in cash market
segment; they bought of worth Rs. 1030 crores. In
Index Futures they were net buyer with rise in open
interest which suggests continuation of fresh buying.
In Index Options they were considerable amount of
buyer of worth Rs. 971 crores with rise in open
interest signifying that these guys are going long in
options. PCR-OI increased further while implied
volatility also increased marginally indicating buying
in put option. Buildup was scattered in the range of
8200-8400 put options,
8000 strike price has
maximum open interest and this level may act as
major support for Nifty. In call options 8600 & 8700
strike price added some open interest and we believe
these are long positions. Maximum open interest in
call options is witnessed in 8500 call options.
Seeing the quantum of buying in Index Futures and
significant buildup in out of the money call options
we believe market is heading towards a new life time
highs. Implied volatility is still low indicating premium
to be cheap; buying 8500 call options will be a good
Nov 07, 2014
FII Statistics for 05-Nov-2014
Turnover on 05-Nov-2014
Nifty Spot =8338.30
Lot Size = 50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Nov Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
Nov 07, 2014
Research Team Tel: 022 - 39357800
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