May 30, 2013
Nifty Vs OI
The Nifty futures open interest increased by 2.78% while
BankNifty futures open interest is decreased by 3.99% as
market closed at 6104.30 levels.
The Nifty May future closed at discount of 14.05 point
against a discount of 1.85 points. The June series closed
at a premium of 6.10 points.
The Implied Volatility of at the money options has
decreased from 19.14% to 18.10%.
Nifty PCR-OI has decreased from 1.25 to 1.24 levels.
The total OI of the market is Rs. 1,77,358/- cr. and the
stock futures OI is Rs.37,564/- cr.
Few of the large cap stocks where we have seen low
M&M, ACC and
FII’s continue to buy in cash market segment; they
were net buyers worth of Rs.644/- cr. On derivatives
front good amount of long buildup was observed by
them in index futures, while in index options some
short covering was seen by them in yesterday’s
On options front 6200 call option has seen good
amount of buildup in open interest, while in put
option not much of buildup was observed except in
5900 strike price saw maximum buildup of 8000
contracts in yesterday’s trade.
Rollover in NIFTY and in BANKNIFTY future is in line
at 46% and 44% respectively.
TATAPOWER has seen good amount of short
buildup in this series and is now very much heavy in
terms of open interest. The stock has very strong
support at around Rs.87-88 and hence we feel the
counter could see some short covering bounce from
current levels. Hence we recommend to go long in
June future at around Rs.90 with the target price of
Rs.96 and stop loss at Rs.87.
May 30, 2013
FII Statistics for 29-May-2013
Turnover on 29-May-2013
Nifty Spot =6104.30
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 30, 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
Research Team Tel: 022 - 39357800
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