May 07, 2015
Nifty Vs OI
The Nifty futures open interest has decreased by 1.09%
BankNifty futures open interest has increased by 22.62%
as market closed at 8097.00 levels.
The Nifty May future closed at premium of 24.75 points
against a premium of 36.90 points. The June series
closed at a premium of 56.75 points.
The Implied Volatility of at the money options has
increased from 16.82% to 19.10%.
Nifty PCR-OI has decreased from 0.97 to 0.92 levels.
The total OI of the market is Rs. 1,95,865/- cr. and the
stock futures OI is Rs. 58,422/- cr.
Few of the liquid counters where we have seen high cost
of carry are HINDPETRO, UPL, SKSMICRO, UNITECH
FII's continued to sell in both cash and future
market, yesterday they sold of Rs. 1700 crores of
equity cash, whereas they sold of Rs. 1924 crores
in Index futures with decent fall in open interest
suggesting unwinding of longs formed earlier with
some fresh short formation.
In Index Options front, FIIs sold of worth Rs. 796
crores with good amount of rise in open interest.
PCR-OI decreased mainly due to majority of open
interest addition in call options. Huge buildup was
seen in the range of 8100-8500 call options, we
believe these are blend of long and short positions.
On the other hand in put options 7900 & 8000
strike added good amount of buildup which are
long positions. Some buildup was also seen in
7400-7700 put options. Maximum buildup is seen
in 8500 call and 8000 put options.
Seeing yesterdays fall we believe market may
remain in pressure. BankNifty added huge short
positions yesterday, the support around
levels may be tested in coming trading sessions.
May 07, 2015
FII Statistics for 06-May2015
Turnover on 06-May2015
Nifty Spot = 8097.00
Lot Size = 25
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 07, 2015
Bull Call Spread
Research Team Tel: 022 - 39357800
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