Nifty Vs OI
The Nifty futures open interest has increased by 3.18%
BankNifty futures open interest has decreased by 0.45%
as market closed at 8523.80 levels.
The Nifty July future closed at a premium of 18.25 points
against premium of 11.80 points. The August series
closed at a premium of 55.70 points.
The Implied Volatility of at the money options has
decreased from 13.70% to 13.23%.
Nifty PCR-OI has increased from 1.07 to 1.14 levels.
The total OI of the market is Rs. 2,31,108/- cr. and the
stock futures OI is Rs. 63,913/- cr.
Few of the liquid counters where we have seen high cost
of carry are IFCI, JPPOWER, UNITECH, SOUTHBANK and
Yesterday, FII's were net buyers in both cash
market and Index Futures. They bought equity of
Rs. 407 crores and Index Futures of worth Rs. 1088
crores with rise in OI. This suggesting fresh long
formation in Index Futures.
In Index options front, FIIs were net buyers of Rs.
803 crores with marginal change in open interest
indicating blend of longs and short covering. We
saw some buildup in 8900 call options, while huge
amount of unwinding was visible in 8400 and 8500
call option. Those who had gone short in these
calls have unwounded their positions. Whereas, in
put options, meaningful open interest addition
was seen in 8400 and 8500 strikes, which may be
short position as IV plunged yesterday. Maximum
buildup in current series has shifted to 8600 call
and 8400 put options.
From last two trading session, we are witnessing
meaningful buying in Index Futures by FII’s and at
the same time build-up in call options has got
shifted to 8600 strike. We suggest staying long
and trading with positive bias.
FII Statistics for 15-July 2015
Turnover on 15-July 2015
Nifty Spot = 8523.80
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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