September 21, 2015
Nifty Vs OI
The Nifty futures open interest has increased by 4.88%
BankNifty futures open interest has increased by 3.30% as
market closed at 7981.90 levels.
The Nifty September future closed at a premium of 0.65
points against a discount of 2.85 points. The October
series closed at a premium of 36.80 points.
The Implied Volatility of at the money options has
decreased from 25.87% to 18.53%.
Nifty PCR-OI has increased from 0.95 to 1.00 levels.
The total OI of the market is Rs. 2,39,714/- cr. and the
stock futures OI is Rs. 60,073/- cr.
Few of the liquid counters where we have seen high cost of
carry are UNITECH, JPASSOCIAT,
CAIRN, DABUR and
Friday, FIIs were net buyer in both cash market
segment and in Index Futures. They bought equities
to the tune of Rs. 643 crores and Index Futures of
Rs. 470 with good amount of rise in OI, suggesting
mix of long and short formation in last trading
In Index Options front, they bought significantly of
Rs. 2858 crores with some fall in OI. In call
options, we hardly witness any fresh OI build-up,
meaningful unwinding was seen in the range of
7800-8300 call options. While in put options,
7900 & 8000 strike added decent OI, followed by
unwinding in out the money put strikes. Maximum
OI is seen in 8200 call and 7500 put options.
Surprisingly, we saw buying figure in cash and
Index Futures in last trading session. In Index
futures mixed positions were formed, while in
options, we saw FIIs covering their shorts formed in
call options. Fresh put buying was also visible. We
suggest avoid forming longs in Nifty till we see
continuation of meaningful buying.
September 21, 2015
FII Statistics for 18-September 2015
Turnover on 18-September 2015
Nifty Spot = 7981.90
Lot Size = 25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Sept. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
September 21, 2015
August 31, 2015
September 07, 2015
September 14, 2015
Ratio Bull Call Spread
Research Team Tel: 022 - 39357800
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