Nov 13, 2014
Nifty Vs OI
The Nifty futures open interest increased by 2.75% while
BankNifty futures open interest has increased by 7.05%
as market closed at 8383.30 levels.
The Nifty November future closed at premium of 35.50
points against a premium of
35.25 points. The
December series closed at a premium of 86.55 points.
The Implied Volatility of at the money options has
decreased from 11.45% to 11.08%.
Nifty PCR-OI has increased from 1.00 to 1.04 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, RELIANCE, LUPIN,
JSWENERGY and IFCI.
FIIs continue buying in cash market segment; they
bought of worth Rs. 459 crores. In Index Futures they
were net buyers with rise in open interest which
suggests continuation of some fresh long formation
again after last two trading sessions.
In Index Options they bought significantly of worth
Rs. 1184 crores with some rise in open interest
signifying mix of long formation and covering of
short positions formed earlier. PCR-OI increased
further while implied volatility declined indicating
selling pressure in put options. We are observing
good amount of open interest addition in 8300 &
8400 put options; we believe these are blend of both
long & short positions. On the other hand in call
options 8500-8700 strike prices added some open
interest. Maximum open interest in call options is
witnessed in 8500 strike price & of put has shifted
from 8000 to 8300 levels.
Seeing continuous selling in 8300 put options we
believe Nifty may take support near these levels. One
should trade with the positive bias & adopt buy on
Nov 13, 2014
FII Statistics for 12-Nov-2014
Turnover on 12-Nov-2014
Nifty Spot =8383.30
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 13, 2014
Research Team Tel: 022 - 39357800
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