July 23, 2014
Nifty Vs OI
The Nifty futures open interest increased by 11.66% while
BankNifty futures open interest has decreased by 2.52%
as market closed at 7767.85 levels.
The Nifty July future closed at premium of 0.10 point
against a premium of 2.00 points. The August series
closed at a premium of 34.05 points.
The Implied Volatility of at the money options has
decreased from 12.80% to 11.61%.
Nifty PCR-OI has increased from 0.87 to 0.94 levels.
The total OI of the market is Rs. 2,06,431/- cr. and the
stock futures OI is Rs. 56,964/- cr.
Few of the liquid counters stocks where we have seen
high cost of carry are GAIL, TATAMTRDVR, OFSS,
IBREALEST and SYNDIBANK.
FIIs continue buying in cash market segment, they
bought of worth Rs. 412 crores. In F&O segment we
witnessed fresh long buildup in Index Futures,
wherein they were net buyer of Rs. 1200 crores with
rise in open interest.
PCR-OI increased with fall in implied volatility
yesterday indicating shorting pressure in put options.
In put options 7700 strike price added significant
open interest of more than
64000 contacts, we
belived this are short positions formed by FIIs
yesterday and this level of 7700 will act as a strong
support zone for Nifty in current series. Some buildup
was also seen in 7600 & 7800 put options. On the
other hand in call options we saw fresh buildup in
7900 strike price followed by unwinding in 7600 &
7800 strike price. Maximum buildup in current series
is seen in 8000 call and 7500 put options.
July 23, 2014
FII Statistics for 22-July-2014
Turnover on 22-July-2014
Nifty Spot =7767.85
Lot Size = 50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (July Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
July 23, 2014
Ratio Bull Call Spread
Long Put Ladder
Ratio Bull Call Spread
Research Team Tel: 022 - 39357800
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