Feb 18, 2015
Nifty Vs OI
The Nifty futures open interest increased by 1.64% levels
BankNifty futures open interest has increased by 1.75%
as market closed at 8809.35 levels.
The Nifty February future closed at premium of 35.70
points against a premium of 36.05 points. The March
series closed at a premium of 90.60 points.
The Implied Volatility of at the money options has
increased from 14.96% to 16.40%.
Nifty PCR-OI has decreased from 0.98 to 0.95 levels.
The total OI of the market is Rs. 2,40,738/- cr. and the
stock futures OI is Rs. 73.788/- cr.
Few of the liquid counters where we have seen high cost
of carry are IBREALEST, UBL, TATACOMM, EICHERMOT
FIIs were net sellers in cash market segment of Rs.
182 crores. They also bought in Index Futures of
512 crores with fall in open interest
indicating covering of short positions formed earlier.
In Index Options they were net sellers of Rs. 534
crores with some rise in open interest which suggest
short formation. We witness 8900 call options adding
reasonable open interest which may be long
positions. Decent amount of buildup was also visible
in 9100-9300 call options which may be blend of
long & short. On the other hand in put options
decent amount of buildup was visible in 8700-8900
put options, followed by unwinding in 8400-8600
strike prices. Maximum buildup in Nifty options is
seen in 9000 call & 8500 put options.
Nifty corrected without reasonable long unwinding or
short formation and we believe long positions formed
by FIIs last series are still in system. We expect Nifty
to continue it’s up moves and to breach resistance
zone of 8900-8950 levels.
Feb 18, 2015
FII Statistics for 16-Feb-2015
Turnover on 16-Feb-2015
Nifty Spot =8809.35
Lot Size = 25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Feb Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
Feb 18, 2015
Ratio Bull Call Spread
Research Team Tel: 022 - 39357800
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