Nifty Vs OI
The Nifty futures open interest has increased by 7.31%
BankNifty futures open interest has increased by 2.11%
as market closed at 8368.50 levels.
The Nifty July future closed at a premium of 9.30 points
against premium of 0.55 points. The August series closed
at a premium of 42.30 points.
The Implied Volatility of at the money options has
decreased from 15.84% to 15.38%.
Nifty PCR-OI has increased from 1.06 to 1.07 levels.
The total OI of the market is Rs. 1,80,084/- cr. and the
stock futures OI is Rs. 55,786/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPPOWER, GMRINFRA, ADANIPOWER,
ENGINERSIN and UNITECH.
Yesterday, FII's were net sellers in cash market
segment of worth Rs. 551 crores. In Index Futures
they were net buyers of Rs.
353 crores with
significant rise in open interest suggesting mix of
both long and short positions.
In Index options front, FIIs bought of Rs. 246 crores
with good amount of rise in open interest which
indicates long formation. In call options we saw
open interest addition in 8500, 8700 and 9000
strikes which may be short positions. Whereas, in
put options, buildup up was seen in 8000 & 8300
strike price with some rise in IV’s, suggesting these
may be long position. Maximum buildup in current
series in seen in 8500 call and 7900 put options.
From last two trading sessions we are witnessing
significant open interest addition in Index Futures
by FIIs and these are mixed positions. We believe
one should wait for more clarity to get into
directional trades and trade stock specific.
FII Statistics for 30-June 2015
Turnover on 30-June 2015
Nifty Spot = 8368.50
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
Research Team Tel: 022 - 39357800
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