Oct 17, 2014
Nifty Vs OI
The Nifty futures open interest decreased by 1.19% while
BankNifty futures open interest has decreased by 1.37%
as market closed at 7748.20 levels.
The Nifty October future closed at premium of 29.90
points against a premium of
31.25 points. The
November series closed at a premium of 75.15 points.
The Implied Volatility of at the money options has
increased from 13.86% to 16.27%.
Nifty PCR-OI has decreased from 0.87 to 0.83 levels.
The total OI of the market is Rs. 1,94,997/- cr. and the
stock futures OI is Rs. 53,015/- cr.
Few of the liquid counter stocks where we have seen high
cost of carry are GMRINFRA, DISHTV, IDEA, GRASIM and
Yesterday NIFTY plunged more than 100 basis points
and closed below major support zone of 7800 which
was in line to our expectation. FIIs also participated in
this fall, they continue selling in cash market
segment; they were net seller of worth Rs.
crores. In Index Futures again they were net seller of
Rs. 729 crores with significant fall in open interest
indicating continuation of long unwinding in last
In Index Options FIIs were net buyers with rise in
open interest signifying some fresh long formation.
PCR-OI has decreased while IV’s jumped higher
which indicates buying in call options. We witnessed
significant open interest additions in the range of
7800-8000 call options which are mostly long
positions. In put options we saw good amount of
profit booking in 7800 strike price while lower strike
prices 7400 & 7600 put options continue adding
open interest and we believe these are long positions.
Maximum buildup of call option has shifted to 8000
call options which may now act as new support for
market. Seeing continuous selling in cash market and
long unwinding in Index Futures one should adopt
sell on rise strategy in this market.
Oct 17, 2014
FII Statistics for 16-Oct-2014
Turnover on 16-Oct-2014
Nifty Spot =7748.20
Lot Size = 50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Oct Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
Oct 17, 2014
Did not trigger.
Ratio Bull Call Spread
Ratio Bear Put Spread
Research Team Tel: 022 - 39357800
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