June 09, 2015
Nifty Vs OI
The Nifty futures open interest has increased by 0.50%
BankNifty futures open interest has increased by 1.06%
as market closed at 8044.15 levels.
The Nifty June future closed at a premium of 0.05 points
against discount of 0.45 points. The July series closed at
a premium of 34.85 points.
The Implied Volatility of at the money options has
increased from 17.56% to 18.43%.
Nifty PCR-OI has decreased from 0.90 to 0.87 levels.
The total OI of the market is Rs. 2,07,004/- cr. and the
stock futures OI is Rs. 58,998/- cr.
Few of the liquid counters where we have seen high cost
of carry are
JPPOWER, UNITECH, IFCI, BEL and
FII's were sellers in both cash and future market.
Yesterday they sold of Rs. 749 crores of equity
cash; whereas they were net sellers of Rs
crores in Index futures with fall in open interest
suggesting unwinding of long positions in last
In Index options front, FIIs bought of worth Rs. 349
crores with rise in open interest indicating long
formation. PCR-OI decreased with rise in IV’s
indicating buying in call options. We saw good
amount of open interest addition in the range of
8100-8400 call options, followed by some
unwinding in 8600 call option. Whereas, in put
options 7800 strike added good amount of open
interest. Some unwinding was also visible in 8000-
8200 put options. Maximum buildup in current
series is seen in 8500 call and 8000 put options.
Nifty corrected from 8467 levels mainly due to
long unwinding, some short were also formed but
the quantum is not that significant. Till we don’t see
meaningful selling by FIIs we won’t suggest
shorting at current levels. We believe it’s a sell on
rise market but we may also see decent bounce so
don’t get carried away.
June 09, 2015
FII Statistics for 08-June 2015
Turnover on 08-June 2015
Nifty Spot = 8044.15
Lot Size = 25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
June 09, 2015
June 01, 2015
Ratio Bull Call Spread
June 08, 2015
Ratio Bull Call Spread
Research Team Tel: 022 - 39357800
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