Apr 16, 2015
Nifty Vs OI
The Nifty futures open interest has increased by 3.61%
BankNifty futures open interest has decreased by 5.36%
as market closed at 8750.20 levels.
The Nifty April future closed at premium of 35.95 points
against a premium of 21.45 points. The May series
closed at a premium of 85.75 points.
The Implied Volatility of at the money options has
increased from 12.70% to 13.56%.
Nifty PCR-OI has decreased from 1.12 to 1.05 levels.
The total OI of the market is Rs. 2,19,757/- cr. and the
stock futures OI is Rs. 68,738/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPPOWER, OFSS, CENTURYTEX, IFCI and
Yesterday market surprised us with fall in last half an
hour. FIIs activity in cash market segment was
subdued. In Index Futures they were net buyers of
worth Rs. 783 crores with good amount of rise in
open interest indicating fresh long formation despite
fall in market.
In Index Options they were marginal buyers with rise
in open interest suggesting blend of long formation
and short covering. In call options 8900 strike added
good amount of buildup, we believe these are long
positions seeing IV’s jumping higher yesterday. Some
buildup was also seen in
options. On the other hand in put options we hardly
saw any relevant open interest addition, unwinding
was visible in 8400 and 8500 put options. Maximum
buildup in current series is seen in 9000 call & 8600
We believe market may trade in the range of 8600-
8650 on the lower side and 8900-8950 on the
higher side. We expect further selling pressure in
BankNifty; one can adopt Ratio Bear Put Spread
strategy for positional trade.
Apr 16, 2015
FII Statistics for 15-Apr-2015
Turnover on 15-Apr-2015
Nifty Spot = 8750.20
Lot Size = 25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Apr Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
Apr 16, 2015
Long Call Ladder
Ratio Bear Put Spread
Research Team Tel: 022 - 39357800
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