Nov 10, 2014
Nifty Vs OI
The Nifty futures open interest increased by 1.96% while
BankNifty futures open interest has decreased by 3.88%
as market closed at 8337.00 levels.
The Nifty November future closed at premium of 44.65
points against a premium of
41.85 points. The
December series closed at a premium of 103.60 points.
The Implied Volatility of at the money options has
increased from 12.00% to 12.10%.
Nifty PCR-OI has increased from 0.96 to 0.97 levels.
The total OI of the market is Rs. 2,04,024/- 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 GMRINFRA, UNITECH, HDFCBANK,
UBL and PTC.
Friday Nifty was under some pressure but it managed
to recover in second half and closed flat. FIIs
continue significant buying in cash market segment;
they bought of worth Rs. 2537 crores. In Index
Futures they were net buyer with rise in open interest
which suggests continuation of fresh buying.
In Index Options they were net buyer with rise in
open interest signifying that these guys are going
long in options. PCR-OI increased further while
implied volatility also increased marginally indicating
buying in put option. We witnessed good amount of
open interest addition in 7800 & 8400 put options,
8100 strike price also added some buildup in last
trading sessions. 8000 put option has maximum
open interest and this level may act as major support
for Nifty. In call options 8400- 8500 & 8700 strike
price added some open interest and we believe these
are also long positions. Maximum open interest in
call options is witnessed in 8500 call options.
Seeing the quantum of buying in Index Futures and
significant buildup in out of the money call options
we believe momentum while remain strong. One
should adopt buy on dip strategy.
Nov 10, 2014
FII Statistics for 07-Nov-2014
Turnover on 07-Nov-2014
Nifty Spot =8337.00
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 10, 2014
Research Team Tel: 022 - 39357800
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