Nov 11, 2014
Nifty Vs OI
The Nifty futures open interest increased by 0.25% while
BankNifty futures open interest has decreased by 3.53%
as market closed at 8344.25 levels.
The Nifty November future closed at premium of 35.25
points against a premium of
44.65 points. The
December series closed at a premium of 85.45 points.
The Implied Volatility of at the money options has
decreased from 12.10% to 11.65%.
Nifty PCR-OI has increased from 0.97 to 1.00 levels.
The total OI of the market is Rs. 2,04,024/- 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, PTC, IFCI, UNITECH and
Yesterday Nifty was under some pressure but it
managed to recover in second half and gave a
closing in green. FIIs continue significant buying in
cash market segment; they bought of worth Rs. 355
crores. In Index Futures they were marginal seller with
some rise in open interest which suggests some short
In Index Options they were net seller of worth Rs. 566
crores with rise in open interest signifying that these
guys have started going short in options. PCR-OI
increased further while implied volatility decreased
indicating selling in put option. We witnessed good
amount of open interest addition in
options, 8100 & 8400 strike price also added some
buildup in last trading sessions. We believe these are
short formation by FIIs in put options. On the other
hand in call options 8500 & 8600 strike price added
good amount of open interest in the hope market
breaching near these levels. Maximum open interest
in call options is witnessed in 8500 strike price & of
put remains at 8000 levels.
We believe momentum will still remain positive; one
should adopt buy on dip strategy.
Nov 11, 2014
FII Statistics for 10-Nov-2014
Turnover on 10-Nov-2014
Nifty Spot =8344.25
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 11, 2014
Research Team Tel: 022 - 39357800
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