Nifty Vs OI
The Nifty futures open interest has increased by 5.98%
BankNifty futures open interest has increased by 6.86%
as market closed at 8337.00 levels.
The Nifty July future closed at a premium of 13.95 points
against premium of 11.80 points. The August series
closed at a premium of 56.05 points.
The Implied Volatility of at the money options has
decreased from 16.19% to 15.90%.
Nifty PCR-OI has decreased from 0.92 to 0.90 levels.
The total OI of the market is Rs. 2,72,799/- cr. and the
stock futures OI is Rs. 71.505/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, GLENMARK, TVSMOTOR, PNB and
Yesterday, FIIs were net sellers in both cash market
and in Index Futures. They sold equities of worth
Rs. 1375 crores and in Index Futures they sold
marginally of Rs.
119 crores with significant
change in open interest. This suggests blend of
long and short formation in last trading session.
In Index options front, FIIs bought of Rs.
crores with some rise in open interest. We saw
significant amount of buildup in the range of
8300-8450 call options which may be long
positions. Whereas, in put options, decent buildup
was seen in 8250 & 8400 strikes, we continue to
witness huge unwinding in
8500 put option.
Maximum buildup in current series has shifted to
8400 call and 8300 put options.
Seeing the overall data, we would suggest not
going short in Nifty and being stock specific.
Rollover in Nifty and BankNifty is on the higher
side at 40.40% & 37.17% respectively and we
believe these are mostly longs.
FII Statistics for 28-July 2015
Turnover on 28-July 2015
Nifty Spot = 8337.00
Lot Size = 25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
June 29, 2015
Ratio Bear Put Spread
July 06, 2015
Ratio Bull Call Spread
July 13, 2015
Long Put Ladder
July 20, 2015
Ratio Bull Call Spread
July 27, 2015
Ratio Bull Call Spread
Research Team Tel: 022 - 39357800
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