Oct 13, 2014
Nifty Vs OI
The Nifty futures open interest decreased by 5.74% while
BankNifty futures open interest has decreased by 3.23%
as market closed at 7859.95 levels.
The Nifty October future closed at premium of 26.85
point against a premium of 29.80 points. The November
series closed at a premium of 74.80 points.
The Implied Volatility of at the money options has
increased from 11.92% to 13.61%.
Nifty PCR-OI has increased from 0.87 to 0.88 levels.
The total OI of the market is Rs. 1,94,997/- cr. and the
stock futures OI is Rs. 53,015/- cr.
Few of the liquid counter stocks where we have seen high
cost of carry are NHPC, JUSTDIAL, HEXAWARE,
IBREALEST and WIPRO.
Friday Nifty plunged
100 points and FIIs also
participated in this fall, they were net seller in cash
market segment of worth Rs. 719 crores. In Index
Futures again they sold considerably with fall in open
interest indicating unwinding of long positions
formed earlier in last trading session.
In Index Options FIIs bought significantly, they were
net buyer of Rs. 2222 crores with rise in open interest
suggesting fresh long formation, implied volatility
also jumped higher. We witnessed buildup up in both
call and put options but the quantum of open interest
addition in put options was more prominent. We
saw 7400, 7600 and 7700 put options adding good
amount of buildup and we believe FIIs have gone
long in these strikes. In call options we saw 7900 &
8000 strike price adding some buildup. Long
positions formed in these call options has no
comparison with short positions formed in 8000 &
8100 call options in last 3-4 trading sessions.
Seeing the quantum of long unwinding in Index
Futures & buying in put options by FIIs we believe the
support zone of 7800 may be tested and market may
even go below these levels.
Oct 13, 2014
FII Statistics for 10-Oct-2014
Turnover on 10-Oct-2014
Nifty Spot =7859.95
Lot Size = 50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Oct Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
Oct 13, 2014
Did not trigger.
Ratio Bull Call Spread
Research Team Tel: 022 - 39357800
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