August 18, 2015
Nifty Vs OI
The Nifty futures open interest has decreased by 2.47%
BankNifty futures open interest has decreased by 1.80% as
market closed at 8477.30 levels.
The Nifty August future closed at a premium of 10.75
points against premium of 24.15 points. The September
series closed at a premium of 49.30 points.
The Implied Volatility of at the money options has
increased from 14.40% to 15.60%.
Nifty PCR-OI has decreased from 1.00 to 0.95 levels.
The total OI of the market is Rs. 2,33,358/- cr. and the
stock futures OI is Rs. 67,612/- cr.
Few of the liquid counters where we have seen high cost of
carry are JPASSOCIAT, IBREALEST, JPPOWER, UNITECH
FIIs activity in cash market segment was subdued.
In Index Futures they were net sellers of Rs.600
crores with fall in OI. This suggests unwinding of
long positions in last trading session.
In Index Options, they bought to the tune of Rs.550
crores with marginal change in OI, indicating
blend of longs and short covering. We saw some
build-up in 8500 call option. While in put option,
we hardly saw fresh OI addition in any strikes.
Good amount of unwinding was visible in 8000-
8500 put options which may be due to profit
booking by those who were long. Maximum OI is
seen in 8600 call and 8200 put options.
Seeing the above data, we suggest not going
aggressively long in this market and adopting ratio
bear put spread strategy to trade in Nifty. We are
expecting Nifty to remain in pressure, as we are
hardly seeing any fresh buying interest in Nifty
from past few days.
August 18, 2015
FII Statistics for 17-August 2015
Turnover on 17-August 2015
Nifty Spot = 8477.30
Lot Size = 25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
August 18, 2015
August 03, 2015
Bear Put Spread
Profit Booked on 12
August 10, 2015
Profit Booked on 12
August 17, 2015
Ratio Bear Put Spread
Research Team Tel: 022 - 39357800
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