May 20, 2015
Nifty Vs OI
The Nifty futures open interest has increased by 1.16%
BankNifty futures open interest has decreased by 3.02%
as market closed at 8365.65 levels.
The Nifty May future closed at premium of 0.65 points
against a discount of 0.85 points. The June series closed
at a premium of 29.15 points.
The Implied Volatility of at the money options has
decreased from 18.09% to 17.40%.
Nifty PCR-OI has decreased from 1.05 to 1.02 levels.
The total OI of the market is Rs. 2,22,008/- cr. and the
stock futures OI is Rs. 60,493/- cr.
Few of the liquid counters where we have seen high cost
of carry are
RCOM, PTC and
FII's activity in cash market segment was subdued,
whereas there bought of Rs 647 crores of Index
futures with rise in open interest suggesting fresh
In options front, FIIs were net buyers of Rs. 1048
crores with marginal change in open interest which
indicates blend of long and short covering.
Yesterday PCR-OI decreased mainly due to open
interest addition in call options, we saw good
amount of buildup in the range of 8400-8600 call
options which may be blend of long and short
positions. Whereas in put options decent amount
of buildup was seen in 8300-8400 strikes followed
by huge unwinding in the range of 7600-8200 put
Yesterday Nifty again showed strength but couldn’t
manage to close above its resistance zone of 8400
level. FIIs also participated in yesterday’s move by
forming some fresh long positions in Index Futures,
still we would suggest not to go long until Nifty
sustain above 8400 mark with meaningful buying.
May 20, 2015
FII Statistics for 19-May 2015
Turnover on 19-May 2015
Nifty Spot = 8365.65
Lot Size = 25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
May 20, 2015
Bull Call Spread
Bull Call Spread
Ratio Bear Put Spread
Research Team Tel: 022 - 39357800
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