Jan 16, 2015
Nifty Vs OI
The Nifty futures open interest increased by 17.49 levels
BankNifty futures open interest has decreased by 3.08%
as market closed at 8494.15 levels.
The Nifty January future closed at premium of 20.90
points against a premium of 29.80 points. The February
series closed at a premium of 65.40 points.
The Implied Volatility of at the money options has
decreased from 15.54% to 14.42%.
Nifty PCR-OI has increased from 1.11 to 1.19 levels.
The total OI of the market is Rs. 1,99,721/- cr. and the
stock futures OI is Rs. 60,218/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPPOWER, TITAN,
IDFC, STAR and
Yesterday Nifty rallied nearly 250 points after repo
cut was announced. FIIs were net buyers of worth
Rs.1738 in cash market segment. In Index Futures
they bought in a big way of worth Rs. 3896 crores
with significant rise in open interest which suggest
long formation in last trading session.
In Index Options they bought of worth Rs.
crores with some rise in open interest suggesting
blend of short covering and long formation. PCR-OI
increased mainly due to reasonable amount of open
interest addition in put options, while implied volatility
decreased on the closing basis. We witness huge
open interest addition in 8400 & 8500 put option,
which may be long position formed by FIIs to hedge
their long positions in Index Futures. Good amount of
unwinding was also witnessed in 7600-8000 put
options. On the other hand in call options decent
amount of buildup was seen in the range 8600-8900
strike prices followed by unwinding in lower strikes
8000-8400 call options. Maximum buildup in current
series has got shifted from 8400 to 8700 call options
& of put options still remains at 8000 put options.
Seeing yesterday’s data it won’t be good idea to sell
on rise as of now.
Jan 16, 2015
FII Statistics for 15-Jan-2015
Turnover on 15- Jan -2015
Nifty Spot =8494.15
Lot Size = 50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Jan Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
Jan 16, 2015
Loss booked on 02-01-2015.
Ratio Put Spread
Research Team Tel: 022 - 39357800
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