Nifty Vs OI
The Nifty futures open interest has decreased by 1.51%
BankNifty futures open interest has decreased by 3.39%
as market closed at 8328.55 levels.
The Nifty July future closed at a premium of 17.55 points
against premium of 14.95 points. The August series
closed at a premium of 58.55 points.
The Implied Volatility of at the money options has
decreased from 15.99% to 15.72%.
Nifty PCR-OI has decreased from 1.10 to 1.05 levels.
The total OI of the market is Rs. 2,13,920/- cr. and the
stock futures OI is Rs. 59,605/- cr.
Few of the liquid counters where we have seen high cost
of carry are ADANIPOWER, TATAMTRDVR, UNITECH, OIL
Yesterday, FII's sold in both cash market and Index
Futures. They were net sellers of Rs. 254 in equity
and in Index Futures they sold significantly of
worth Rs. 1247 crores with fall in open interest.
This suggest unwinding of long positions in Index
In Index options front, FIIs were net buyer of Rs.
767 crores with rise in open interest. PCR-OI
decreased further with rise in IV’s indicating
buying in call options. We saw good amount of
buildup in the range of 8300-8600 call options,
wherein 8400 added huge build-up. We believe
this build-up in call options are long positions
formed by bigger hands. Whereas, in put options,
some build-up was seen in 7700 put, followed by
unwinding in 8000 put option. Maximum buildup
in current series in seen in 8500 call and 7900 put
Seeing the over-all data we believe market may
trade in a broader range of 8000 to 8600. We
suggest the trade stock specific in this market.
FII Statistics for 09-July 2015
Turnover on 09-July 2015
Nifty Spot = 8328.55
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
July 06, 2015
Ratio Bull Call Spread
Research Team Tel: 022 - 39357800
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