June 29, 2015
Nifty Vs OI
The Nifty futures open interest has increased by 0.32%
BankNifty futures open interest has decreased by 9.15%
as market closed at 8381.10 levels.
The Nifty July future closed at a premium of 0.55 points
against premium of 22.75 points. The August series
closed at a premium of 35.15 points.
The Implied Volatility of at the money options has
decreased from 14.53% to 14.48%.
Nifty PCR-OI has decreased from 1.03 to 1.01 levels.
The total OI of the market is Rs. 1,63,961/- cr. and the
stock futures OI is Rs. 53,864/- cr.
Few of the liquid counters where we have seen high cost
of carry are
RCOM, UBL and
Yesterday, FII's were net buyer in cash market of
worth Rs. 280 crores. In Index Futures they were
net sellers of Rs. 261 crores with rise in open
interest suggesting some short formation.
In Index options front, FIIs were net buyer of Rs.
1383 crores with decent rise in open interest which
indicates long formation. In call options buildup
was scattered in the range of 8500-9000 strikes
which may be blend of long and short positions.
Whereas, in put options, 7800, 8000 and 8200
strikes added decent amount of open interest.
Maximum buildup in current series in seen in 8500
call and 7900 put options.
The Global data indicates market may remain in
pressure today. In Nifty Futures we are hardly
seeing any buying interest, huge open interest is
accumulated in 7900 put options from start of July
series. Seeing the above data we suggest to trade
with negative bias,
8450-8500 is a strong
resistance zone for Nifty.
June 29, 2015
FII Statistics for 26-June 2015
Turnover on 26-June 2015
Nifty Spot = 8381.10
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
Research Team Tel: 022 - 39357800
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