Jan 14, 2015
Nifty Vs OI
The Nifty futures open interest increased by 2.44% while
BankNifty futures open interest has decreased by 3.55%
as market closed at 8299.40 levels.
The Nifty January future closed at premium of 17.10
points against a premium of 37.55 points. The February
series closed at a premium of 67.30 points.
The Implied Volatility of at the money options has
increased from 14.30% to 14.78%.
Nifty PCR-OI has decreased from 1.16 to 1.14 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 JPPOWER, LICHSGFIN, MARUTI, HINDZINC
FIIs were net buyers in cash market segment of worth
Rs. 235 crores. In Index Futures they were net buyers
with significant amount of rise in open interest which
may be blend of long & short formation in last
In Index Options they bought of worth Rs. 572 crores
with marginal change in open interest suggesting mix
of short covering and long formation. PCR-OI
decreased mainly due to open interest addition in call
options, while implied volatility increased on the
closing basis. We saw decent amount of open interest
addition in 8200 put option which may be long
position. On the other hand in call options we hardly
saw any relevant buildup, marginal buildup was seen
8400-8700 strike price. Maximum buildup in
current series is seen in 8400 call & 8000 put
We still maintain our negative stance in market
seeing the quantum of unwinding in Index Futures in
current series. 8400-8450 is the resistance level for
market, one should adopt sell on rise strategy and
avoid going long in market.
Jan 14, 2015
FII Statistics for 13-Jan-2015
Turnover on 13- Jan -2015
Nifty Spot =8299.40
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 14, 2015
Loss booked on 02-01-2015.
Ratio Put Spread
Research Team Tel: 022 - 39357800
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