Jan 09, 2015
Nifty Vs OI
The Nifty futures open interest decreased by 4.51% while
BankNifty futures open interest has decreased by 1.28%
as market closed at 8234.60 levels.
The Nifty January future closed at premium of 22.65
points against a premium of 39.75 points. The February
series closed at a premium of 75.70 points.
The Implied Volatility of at the money options has
decreased from 16.90% to 14.67%.
Nifty PCR-OI has increased from 0.95 to 1.00 levels.
The total OI of the market is Rs. 1,82,488/- cr. and the
stock futures OI is Rs. 61,302/- cr.
Few of the liquid counters where we have seen high cost
are DISHTV, UNITECH, EXIDEIND,
MOTHERSUMI and ENGINERSIN.
FIIs were net sellers in cash market segment of worth
Rs. 466 crores. In Index Futures also they were net
sellers with rise in open interest indicating formation
of short positions in last trading session.
In Index Options they were net buyers with rise in
open interest suggesting long formation. PCR-OI
increased mainly due to open interest addition in put
options with good amount of unwinding in call
options, while implied volatility decreased on the
closing basis. We saw some of open interest addition
in the 8200 put options and we believe these may be
FIIs long position. On the other hand in call options
we hardly saw any relevant buildup, good amount of
unwinding was seen in the range of 8100-8400
strike prices which may be profit booking by those
guys who were long on these strikes. Maximum
buildup in current series is seen in 8400 call & 8000
We still maintain our negative stance in market
seeing the quantum of unwinding in Index Futures
from past few days by FIIs. One should adopt sell on
rise strategy and avoid going long in market.
Jan 09, 2015
FII Statistics for 08-Jan-2015
Turnover on 08- Jan -2015
Nifty Spot =8234.60
Lot Size = 50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Jan Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
Jan 09, 2015
Loss booked on 02-01-2015.
Ratio Put Spread
Research Team Tel: 022 - 39357800
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