Oct 20, 2014
Nifty Vs OI
The Nifty futures open interest increased by 9.04% while
BankNifty futures open interest has increased by 11.06%
as market closed at 7779.70 levels.
The Nifty October future closed at premium of 37.35
points against a premium of
29.90 points. The
November series closed at a premium of 78.30 points.
The Implied Volatility of at the money options has
decreased from 16.27% to 15.22%.
Nifty PCR-OI has increased from 0.83 to 0.84 levels.
The total OI of the market is Rs. 2,14,628/- 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 JPPOWER, JPASSOCIAT, NHPC,
HDFCBANK and GMRINFRA.
In last trading session NIFTY recovered from its some
losses but closed below 7800 levels. FIIs continue
selling in cash market segment; they were net seller
of worth Rs.
1430 crores. In Index Futures
interestingly after long time FIIs were bought in a big
way, they bought of Rs. 1030 crores with significant
rise in open interest indicating fresh long formation.
In Index Options they were net buyers with rise in
open interest signifying some fresh long formation.
PCR-OI has increased while IV’s plunged nearly 100
basis points. We witnessed significant open interest
additions in the range of 7900-8000 call options
which are mostly long positions and FIIs are also part
of it. On the other hand in put options we saw good
amount buildup in 7700 strike price. Maximum open
interest in this series is seen in 8000 call option &
7800 put options
It is surprising to see FIIs buying in Index Future
despite being selling in cash market segment. They
have also been buying higher strikes of call options
from last two trading sessions. Clubbing all together
and seeing the global market and SGX Nifty we
believe market may show some strenght.
Oct 20, 2014
FII Statistics for 17-Oct-2014
Turnover on 17-Oct-2014
Nifty Spot =7779.70
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 20, 2014
Did not trigger.
Ratio Bull Call Spread
Ratio Bear Put Spread
Research Team Tel: 022 - 39357800
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