September 02, 2015
Nifty Vs OI
The Nifty futures open interest has increased by 0.86%
BankNifty futures open interest has increased by 14.67%
as market closed at 7785.85 levels.
The Nifty September future closed at a premium of 12.95
points against a premium of 28.75 points. The October
series closed at a premium of 51.50 points.
The Implied Volatility of at the money options has
increased from 24.32% to 29.15%.
Nifty PCR-OI has decreased from 1.03 to 1.02 levels.
The total OI of the market is Rs. 2,00,065/- cr. and the
stock futures OI is Rs. 55,061/- cr.
Few of the liquid counters where we have seen high cost of
carry are JPPOWER, UNITECH, ADANIENT, BAJFINANCE
FIIs were net sellers in both cash market segment
and in Index Futures. They sold equities to the tune
of Rs. 675 crores and Index Futures of worth Rs.
698 crores with marginal change in OI suggesting
blend of long unwinding and short formation.
In Index Options, they were net buyers of Rs. 817
crores with rise OI. In call options we saw build-up
in the range of 7800-8200 strikes, while good
amount of OI addition was also visible in 8500 call
options which may be shorts. On the other hand in
put options, 7200 strike added good amount of
build-up, some OI addition was also seen in 7500
& 7600 strikes, followed by unwinding in 8000 put
options. Maximum OI is seen in 8500 call and
7800 put options.
Yesterday we witness FIIs again forming shorts in
Index Futures and we believe these shorts are
mostly formed in BankNifty, while many of the
large cap counters also added fresh short
positions. Seeing the above data we believe more
pain still left in this market.
September 02, 2015
FII Statistics for 01-September 2015
Turnover on 01-September 2015
Nifty Spot = 7785.85
Lot Size = 25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Sept. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
September 02, 2015
August 31, 2015
Research Team Tel: 022 - 39357800
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