August 21, 2015
Nifty Vs OI
The Nifty futures open interest has increased by 4.61%
BankNifty futures open interest has increased by 16.28%
as market closed at 8372.75 levels.
The Nifty August future closed at a premium of 7.30 points
against premium of 10.25 points. The September series
closed at a premium of 46.60 points.
The Implied Volatility of at the money options has
increased from 15.60% to 16.84%.
Nifty PCR-OI has decreased from 1.04 to 0.92 levels.
The total OI of the market is Rs. 2,50,994/- cr. and the
stock futures OI is Rs. 69,430/- cr.
Few of the liquid counters where we have seen high cost of
carry are GMRINFRA, UNITECH, ASHOKLEY, DLF and
Yesterday Nifty corrected more than 100 points
with huge volume. FIIs also actively participated in
this fall; they sold significantly in both cash
segment and in Index Futures. They sold equities of
worth Rs.1007 crores and index futures of Rs. 1771
crores with fall in OI. This suggests FIIs have
unwounded their longs with some fresh shorting in
last trading session.
In Index Options, they bought to the tune of Rs.751
crores with rise OI. PCR-OI decreased with rise in
implied volatility suggesting buying in call options.
We saw significant OI addition in 8400-8600 call
options. On the other hand, in put options, we
hardly saw fresh build-up. Huge unwinding was
visible in 8400-8500 put options. Maximum OI is
seen in 8600 call and 8200 put options.
From past few days, we are witnessing continuous
long unwinding and fresh selling pressure in Index
Futures. Seeing the quantum of unwinding, we
believe, we may see further pain in Nifty. Trade
August 21, 2015
FII Statistics for 20-August 2015
Turnover on 20-August 2015
Nifty Spot = 8372.75
Lot Size = 25
Note: Above mentioned Bullish or Bearish Spreads in Nifty (August Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
August 21, 2015
August 03, 2015
Bear Put Spread
Profit Booked on 12
August 10, 2015
Profit Booked on 12
August 17, 2015
Ratio Bear Put Spread
Research Team Tel: 022 - 39357800
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