Jan 13, 2015
Nifty Vs OI
The Nifty futures open interest increased by 2.67% while
BankNifty futures open interest has increased by 3.55%
as market closed at 8323.00 levels.
The Nifty January future closed at premium of 37.55
points against a premium of 31.00 points. The February
series closed at a premium of 86.60 points.
The Implied Volatility of at the money options has
increased from 12.34% to 14.30%.
Nifty PCR-OI has increased from 1.10 to 1.16 levels.
The total OI of the market is Rs. 1,99,721/- cr. and the
stock futures OI is Rs. 60,218/- cr.
Few of the liquid counters where we have seen high cost
of carry are
UNITECH, JPPOWER, IFCI, OFSS and
FIIs were net buyers in cash market segment of worth
Rs. 245 crores. In Index Futures they were net sellers
with good amount of rise in open interest indicating
short formation in last trading session.
In Index Options they bought marginally with some
rise in open interest suggesting long formation. PCR-
OI increased mainly due to open interest addition in
put options, while implied volatility also decreased on
the closing basis indicating buying in put options. We
saw good amount of open interest addition in the
range of 8000-8300 put options and some buildup
was also seen in 7800 put options. We believe these
open interest addition in put options may be FIIs long
position. On the other hand in call options we hardly
saw any relevant buildup, some unwinding was
witness in 8300 & 8400 strike prices which may be
profit booking by those guys who were long on these
strikes. Maximum buildup in current series is seen in
8400 call & 8000 put options.
We still maintain our negative stance in market
seeing the quantum of unwinding in Index Futures by
FIIs from past few days and fresh short formation
yesterday. One should adopt sell on rise strategy and
avoid going long in market.
Jan 13, 2015
FII Statistics for 12-Jan-2015
Turnover on 12- Jan -2015
Nifty Spot =8323.00
Lot Size = 50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Jan Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
Jan 13, 2015
Loss booked on 02-01-2015.
Ratio Put Spread
Research Team Tel: 022 - 39357800
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