May 24, 2013
Nifty Vs OI
The Nifty futures open interest decreased by 4.59% while
BankNifty futures open interest is decreased by 13.57%
as market closed at 5967.05 levels.
The Nifty May future closed at discount of 0.95 point
against a premium of 9.55 points. The June series closed
at a premium of 8.55 points.
The Implied Volatility of at the money options has
increased from 16.28% to 17.88%.
Nifty PCR-OI has decreased from 1.18 to 1.12 levels.
The total OI of the market is Rs. 1,66,381/- cr. and the
stock futures OI is Rs.33,180/- cr.
Few of the liquid counters where we have seen high cost
CROMPGREAV and RENUKA.
Despite of sharp fall observed in our market in
yesterday’s trade, FII’s continue to buy in our market;
they were net buyers worth of
316/- cr. On
derivatives front long unwinding was seen by them in
index futures, while in index option they covered
there shorts in yestrday’s trading session.
On options front 5900-6100 call option has seen
considerable amount of buildup in open interest,
followed by some unwinding in 6200-6300 strikes.
While in put option 5700-5800 strikes has seen
maximum buildup in open interest and 5900-6200
put option has seen decent amount of unwinding
which was much of short covering. Most of the
buildup in both call and put is on the longer side as
IV’s of both have gone up significantly.
The recent fall in RELIANCE was mainly due to long
unwinding. The counter has seen good amount of
long buildup in start of this series which is still intact.
IV’s of call option has also increased indicating
buying in call option and put IV’s has being coming
down and majority of the buildup in put option is in
780 strike which could act as the support for this
stock. Hence we recommend to go long at around
782-786 levels with the target price of
stop loss at
May 24, 2013
FII Statistics for 23-May-2013
Turnover on 23-May-2013
Nifty Spot =5967.05
Lot Size = 50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
May 24, 2013
Bull Call Spread
Profit booked on 02-May-2013
Bull Call Spread
Profit booked on 16-May-2013
Ratio Put Spread
Position squared off
Ratio Call Spread
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