Mar 19, 2015
Nifty Vs OI
The Nifty futures open interest has decreased by 3.05%
BankNifty futures open interest has increased by 0.18%
as market closed at 8685.90 levels.
The Nifty March future closed at premium of
points against a premium of 16.90 points. The April
series closed at a premium of 90.35 points.
The Implied Volatility of at the money options has
increased from 15.81% to 17.43%.
Nifty PCR-OI has decreased from 0.91 to 0.89 levels.
The total OI of the market is Rs. 2,49,152.59/- cr. and
the stock futures OI is Rs. 76,192.62/- cr.
Few of the liquid counters where we have seen high cost
of carry are IDFC, DIVISLAB, HDFCBANK, ADANIPORTS
FIIs were net sellers in cash market segment of worth
Rs. 457 crores. In Index Futures they were again net
sellers of Rs. 525 crores with fall in open interest
indicating continuation of long unwinding in last
In Index Options they sold of worth Rs. 406 crores
with rise in open interest indicating fresh short
formation. In call options 8700-8900 strikes added
decent buildup which is long positions as implied
volatility increased by 150 basis points. On the other
hand in put options 8400 & 8500 strike added
decent buildup which may be short positions by FIIs.
Maximum buildup in current series is seen in 9000
call & 8500 put option.
FIIs data still haven’t showed any negative signal, in
fact we have witness that these guys have bought call
options of 8800-9000 strikes and the quantum is
also huge. We believe market will remain in range of
8550-8600 on the lower side and 8900-8950 on the
higher side. One should buy as Nifty is near the
lower side of the range now.
Mar 19, 2015
FII Statistics for 18-Mar-2015
Turnover on 18-Mar-2015
Nifty Spot = 8685.90
Lot Size = 25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Mar Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
Mar 19, 2015
Profit booked on 10-03-15
Long Call Ladder
Research Team Tel: 022 - 39357800
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