Nov 20, 2014
Nifty Vs OI
The Nifty futures open interest decreased by 1.98% while
BankNifty futures open interest has increased by 5.30%
as market closed at 8382.30 levels.
The Nifty November future closed at premium of 27.25
points against a premium of
26.00 points. The
December series closed at a premium of 74.25 points.
The Implied Volatility of at the money options has
increased from 10.48% to 10.67%.
Nifty PCR-OI has decreased from 1.09 to 1.08 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 marginal buyers with fall in
open interest which suggests that FIIs covered some
of their short positions in last trading session.
In Index Options the bought significantly of worth Rs.
1303 crores with rise in open interest which indicates
fresh long formation yesterday. PCR-OI decreased
mainly due to unwinding in put options while implied
volatility increased marginally. We witness some
open interest addition in 8000 put options in last
trading sessions, followed by good amount of
unwinding in 8400 & 8500 strike price which may be
profit booking of guys who had gone long in these
strike prices. On the other hand in call options we
hardly saw any relevant buildup; good amount of
unwinding was seen in 8600 strike price which may
be short positions which got covered yesterday.
Seeing some pressure in large cap stock we believe
market may give some dips but one should avoid
going short as we haven’t seen any relevant short
formation in Nifty yet.
Nov 20, 2014
FII Statistics for 19-Nov-2014
Turnover on 19-Nov-2014
Nifty Spot =8382.30
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 20, 2014
Ratio Call Spread
Research Team Tel: 022 - 39357800
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