June 12, 2015
Nifty Vs OI
The Nifty futures open interest has increased by 8.24%
BankNifty futures open interest has increased by 12.89%
as market closed at 7965.35 levels.
The Nifty June future closed at a discount of 6.15 points
against discount of 4.40 points. The July series closed at
a premium of 27.90 points.
The Implied Volatility of at the money options has
increased from 16.56% to 17.35%.
Nifty PCR-OI has decreased from 0.87 to 0.84 levels.
The total OI of the market is Rs. 2,18,454/- cr. and the
stock futures OI is Rs. 57,850/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, RCOM, CAIRN, JPASSOCIAT and
FII's were sellers in cash market segment; they sold
of Rs. 622 crores of equity cash. In Index futures
they were net buyers with significant rise in open
interest suggesting blend of long and short
formation in last trading session.
In Index options front, FIIs sold of worth Rs. 176
crores with rise in open interest indicating mix of
long and short formation. In call options we saw
significant open interest addition in 8000-8200
strikes; some buildup was also seen in 8300-8400
strikes which may be short formation. On the other
hand in put options 7600-7700 and 7900 strikes
added huge open interest which is FIIs long
positions. Profit booking was visible in 8000 and
8100 put options. Maximum buildup in current
series is seen in 8500 call and of put options has
got shifted to 7800 strike.
Yesterday Nifty surpassed its majort support zone
of 8000 levels. We are also seeing buying in lower
put strike, seeing the above data we believe Nifty
may remain in pressure. Buying put options can be
a good strategy as IV’s are still low.
June 12, 2015
FII Statistics for 11-June 2015
Turnover on 11-June 2015
Nifty Spot = 7965.35
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 12, 2015
June 01, 2015
Ratio Bull Call Spread
June 08, 2015
Ratio Bull Call Spread
Research Team Tel: 022 - 39357800
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