Nifty Vs OI
The Nifty futures open interest has decreased by 1.77%
BankNifty futures open interest has decreased by 5.21%
as market closed at 8363.05 levels.
The Nifty July future closed at a premium of 14.95 points
against premium of
5.80 points. The August series
closed at a premium of 55.65 points.
The Implied Volatility of at the money options has
increased from 14.56% to 15.99%.
Nifty PCR-OI has decreased from 1.14 to 1.10 levels.
The total OI of the market is Rs. 2,09,669/- cr. and the
stock futures OI is Rs. 58,846/- cr.
Few of the liquid counters where we have seen high cost
of carry are
JPOWER, SRF, JISLJALEQS, RCOM and
Yesterday, FII's sold in both cash market and Index
Futures. However the quantum was low, they were
net sellers of Rs. 354 in equity and Rs. 271 crores
in Index Futures
In Index options front, FIIs were net buyer of Rs.
1058 crores with rise in open interest. PCR-OI
decreased with rise in IV’s indicating buying in call
options. We saw good amount of buildup in the
range of 8300-8500 call options, we believe these
are long positions formed by bigger hands.
Whereas, in put options, we hardly saw any
relevant build-up, huge unwinding in 8500 put
option was visible. Maximum buildup in current
series in seen in 8500 call and 7900 put options.
In yesterday’s fall in Nifty we hardly saw any
shorting position in both Index Futures and Index
Options. In fact, we are seeing huge buying in call
options. We would suggesting to trade with
positive bias and avoid shorting at current levels.
FII Statistics for 08-July 2015
Turnover on 08-July 2015
Nifty Spot = 8363.05
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
July 06, 2015
Ratio Bull Call Spread
Research Team Tel: 022 - 39357800
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