Nifty Vs OI
The Nifty futures open interest has increased by 7.17%
BankNifty futures open interest has increased by 3.88%
as market closed at 8459.65 levels.
The Nifty July future closed at a premium of 22.30 points
against premium of 25.00 points. The August series
closed at a premium of 59.30 points.
The Implied Volatility of at the money options has
decreased from 15.61% to 14.35%.
Nifty PCR-OI has increased from 1.05 to 1.06 levels.
The total OI of the market is Rs. 2,23,934/- cr. and the
stock futures OI is Rs. 62,675/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, JPASSOCIAT, JISLJALEQS,
AMTEKAUTO and JPPOWER.
Yesterday, FII's were net buyers in cash market
segment, wherein they bought of worth Rs. 527
crores of equity. Whereas, in Index Futures they
were marginal buyers with good amount of rise in
open interest suggesting mix of both long and
short formation in last trading session.
In Index options front, FIIs were net sellers of Rs.
456 crores with rise in open interest. We saw some
buildup in 8900 call options, while good amount
of unwinding was visible in 8300 and 8400 call
option. Whereas, in put options, huge amount of
open interest addition was seen in the range of
8300-8600 strikes, followed by unwinding in 8000
put options. We believe these open interest
addition is mostly short position formed by FIIs.
Maximum buildup in current series has shifted to
8500 call and 8300 put options.
Seeing the over-all data we believe market Nifty
may show strength from current levels. We
suggest one should hold on to their longs and
trade with a positive bias.
FII Statistics for 13-July 2015
Turnover on 13-July 2015
Nifty Spot = 8459.65
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
July 13, 2015
Long Put Ladder
Research Team Tel: 022 - 39357800
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