Oct 21, 2014
Nifty Vs OI
The Nifty futures open interest increased by 5.25% while
BankNifty futures open interest has increased by 6.66%
as market closed at 7879.40 levels.
The Nifty October future closed at premium of 17.85
points against a premium of
37.35 points. The
November series closed at a premium of 64.60 points.
The Implied Volatility of at the money options has
decreased from 15.22% to 12.29%.
Nifty PCR-OI has increased from 0.84 to 0.85 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 GMRINFRA, HDFCBANK, VOLTAS,
NTPC and ADANIENT.
In last trading session NIFTY recovered nearly 100
points. For the first time in this month we witnessed
FIIs buying in cash market segment; they bought
significantly of worth Rs.
1040 crores. In Index
Futures they continue buying in a big way, they
bought of worth Rs. 1455 crores with significant rise
in open interest indicating fresh long formation.
In Index Options they were net sellers with some
decline in open interest signifying unwinding of
positions. PCR-OI increased further while IV’s
plunged which indicated selling in put options. We
7900 put options adding considerable
amount of open interest and we believe these may be
short positions. On the other hand in call options we
saw good amount of unwinding in 7900 strike price,
it must be profit booking of some long positions
formed in last two trading session. Maximum open
interest in this series has shifted from 8000 to 8100
call option & of put options has shifted to 7700 put
Seeing cash and Futures base buying by FIIs we
believe market may continue it’s up move. We
suggest to trade with positive bias.
Oct 21, 2014
FII Statistics for 20-Oct-2014
Turnover on 20-Oct-2014
Nifty Spot =7879.40
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 21, 2014
Did not trigger.
Ratio Bull Call Spread
Ratio Bear Put Spread
Ratio Bear Put Spread
Research Team Tel: 022 - 39357800
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