Nov 03, 2014
Nifty Vs OI
The Nifty futures open interest increased by 13.28% while
BankNifty futures open interest has increased by 7.81%
as market closed at 8322.20 levels.
The Nifty November future closed at premium of 30.05
points against a premium of
29.00 points. The
December series closed at a premium of 80.90 points.
The Implied Volatility of at the money options has
decreased from 13.30% to 12.10%.
Nifty PCR-OI has increased from 0.86 to 0.93 levels.
The total OI of the market is Rs. 1,80,015/- cr. and the
stock futures OI is Rs. 56,143/- cr.
Few of the liquid counter stocks where we have seen high
cost of carry are HDFCBANK,
JSWENERGY and EICHERMOT.
Friday market rallied more than 150 points and gave
a new high of 8330.75 levels. FIIs also actively
participated in this move; they bought of worth Rs.
1754 crores in cash market segment. In Index
Futures they continue buying in a big way, they were
net buyer of worth Rs. 1485 crores with significant
rise in open interest which suggests continuation of
fresh buying in futures.
In Index Options they were considerable amount of
buyer of worth Rs. 1680 crores with rise in open
interest. Friday we witnessed significant open interest
addition in both call & put options, but major part of
addition was seen put options due to which PCR-OI
increased. Buildup was scattered in the range of
7900-8400 put options and 8300-8700 call options.
Majority of open interest was seen in 8500 call
option due to which maximum buildup in call options
has shifted to 8500 strike price and of put options
remains at 8100 strike price.
Seeing the quantum of buying in Index Futures and
significant buildup in 8500 call options we believe
market is heading towards this level. Implied volatility
is still low indicating premium to be cheap; buying
8500 call options will be a good strategy.
Nov 03, 2014
FII Statistics for 31-Oct-2014
Turnover on 31-Oct-2014
(` in cr.)
(` in cr.)
Nifty Spot =8322.20
Lot Size = 50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Nov Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
Nov 03, 2014
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