Nov 19, 2014
Nifty Vs OI
The Nifty futures open interest increased by 0.56% while
BankNifty futures open interest has increased by 5.93%
as market closed at 8425.90 levels.
The Nifty November future closed at premium of 26.00
points against a premium of
22.20 points. The
December series closed at a premium of 72.50 points.
The Implied Volatility of at the money options has
decreased from 11.04% to 10.48%.
Nifty PCR-OI has increased from 1.07 to 1.09 levels.
The total OI of the market is Rs. 2,23,059/- cr. and the
stock futures OI is Rs. 62,159/- cr.
Few of the liquid counter stocks where we have seen high
cost of carry are IOB, BHARATFORG, JISLJALEQS, L&TFH
FIIs activity in cash market segment was subdued. In
Index Futures they were net sellers with rise in open
interest which suggests that FII have formed marginal
short positions in last trading session.
In Index Options also their activity was quiet. PCR-OI
increased further mainly due to significant amount of
open interest addition in put options while implied
volatility decreased by nearly 50 basis points. We are
witnessing significant amount of open interest
addition in 8400 put options from last two trading
sessions and we believe these are blend of long and
short positions. Some buildup was also seen in 8500
put options. On the other hand in call options some
buildup was seen in 8700 strike price.
We believe one should trade with positive bias &
adopt buy on dip strategy as we haven’t witnessed
any reasonable amount of short formations yet, one
can buy put option to hedge their long positions.
Large cap counters where we have seen good
amount of open interest additions are
ULTRACEMCO, HINDALCO, NMDC, IDFC and
Nov 19, 2014
FII Statistics for 18-Nov-2014
Turnover on 18-Nov-2014
Nifty Spot =8425.90
Lot Size = 50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Nov Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
Nov 19, 2014
Ratio Call Spread
Research Team Tel: 022 - 39357800
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