August 24, 2015
Nifty Vs OI
The Nifty futures open interest has increased by 5.65%
BankNifty futures open interest has increased by 9.02% as
market closed at 8299.95 levels.
The Nifty August future closed at a premium of 6.40 points
against premium of 7.30 points. The September series
closed at a premium of 46.80 points.
The Implied Volatility of at the money options has
decreased from 16.84% to 15.35%.
Nifty PCR-OI has decreased from 0.92 to 0.88 levels.
The total OI of the market is Rs. 2,59,696/- cr. and the
stock futures OI is Rs. 70,695/- cr.
Few of the liquid counters where we have seen high cost of
carry are JPPOWER, INDIACEM, VEDL, JINDALSTEL and
Friday Nifty corrected further and breached its
major support zone 8300 levels. FIIs also actively
participated in this fall; they sold significantly in
both cash segment and in Index Futures. They sold
equities of worth Rs.2340 crores and index futures
of Rs. 2416 crores with rise in OI. This suggests FIIs
have formed fresh shorts in last trading session.
In Index Options, they bought to the tune of
Rs.1980 crores with rise OI. PCR-OI decreased
with rise in implied volatility suggesting buying in
call options. We saw significant OI addition in
8300-8400 call options. On the other hand, in put
options, we saw build-up in 7900-8100. Good
amount of unwinding was visible in 8200-8500 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 24, 2015
FII Statistics for 21-August 2015
Turnover on 21-August 2015
Nifty Spot = 8299.95
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 24, 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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