August 25, 2015
Nifty Vs OI
The Nifty futures open interest has increased by 35.97%
BankNifty futures open interest has decreased by 1.00% as
market closed at 7809.00 levels.
The Nifty August future closed at a discount of 2.65 points
against premium of 6.40 points. The September series
closed at a premium of 35.55 points.
The Implied Volatility of at the money options has
increased from 15.35% to 35.25%.
Nifty PCR-OI has decreased from 0.88 to 0.76 levels.
The total OI of the market is Rs. 2,60,249/- cr. and the
stock futures OI is Rs. 64,421/- cr.
Few of the liquid counters where we have seen high cost of
carry are JPPOWER, INDIACEM, JISLJALEQS, BHARTIARTL
Yesterday Nifty crashed nearly 500 points due to
global destruction. FIIs sold heavily in cash
segment of worth Rs. 5275 crores. While in Index
Futures they were net sellers of Rs. 411 crores with
significant rise in OI. These OI additions are
because of short getting rolled plus further addition
of shorts ands longs in September series.
In Index Options, they sold to the tune of Rs.633
crores with rise OI which indicates fresh shorting
yesterday. We saw significant OI addition in 7900-
8200 call options, followed by unwinding in 8500-
8700 strikes. On the other hand, in put options, we
saw decent build-up in 7500-7700 strikes. Huge
amount of unwinding was visible in 8000-8300 put
options. Maximum OI is seen in 8400 call and
8300 put options.
From past few days, we are witnessing continuous
long unwinding and fresh selling pressure in Index
Futures. Seeing the quantum of unwinding, we
believe, we may see further pain in Nifty. We
suggest not doing any bottom fishing in this market
even if we see bounce in current series.
August 25, 2015
FII Statistics for 24-August 2015
Turnover on 24-August 2015
Nifty Spot = 7809.00
Lot Size = 25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
August 25, 2015
August 03, 2015
Bear Put Spread
Profit Booked on 12
August 10, 2015
Profit Booked on 12
August 17, 2015
Ratio Bear Put Spread
Loss Booked on 24
August 24, 2015
Did Not Triggered
Research Team Tel: 022 - 39357800
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