Nifty Vs OI
The Nifty futures open interest has decreased by 1.65%
BankNifty futures open interest has increased by 3.30%
as market closed at 8589.80 levels.
The Nifty July future closed at a premium of 13.90 points
against premium of 14.90 points. The August series
closed at a premium of 52.90 points.
The Implied Volatility of at the money options has
increased from 12.33% to 13.17%.
Nifty PCR-OI has decreased from 1.22 to 1.15 levels.
The total OI of the market is Rs. 2,57,430/- cr. and the
stock futures OI is Rs. 69,004/- cr.
Few of the liquid counters where we have seen high cost
of carry are JPPOWER, UNITECH, GMRINFRA,
ADANIPOWER and SUNTV.
Yesterday, FII's were net buyers in cash market
segment, where they bought of worth Rs. 185
crores. Whereas, they sold Index Futures worth Rs
584 crores with decent rise in open interest,
suggesting short formation in last trading session.
In Index options front, FIIs were net sellers of Rs.
983 crores with rise in open interest. We saw some
buildup in 8700, 8900 & 9000 call options; we
believe these may be short positions formed by
FIIs. Whereas, in put options, we hardly saw any
strike adding fresh open interest. Significant
amount of unwinding was visible in the range of
8400-8700 put options, which may be covering of
shorts which were formed last week. Maximum
buildup in current series in seen in 8700 call and
8500 put options.
Seeing the over-all data we would suggest holding
on to your longs and if any dips near 8500-8550
can be a buying opportunity.
FII Statistics for 23-July 2015
Turnover on 23-July 2015
Nifty Spot = 8589.80
Lot Size = 25
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
June 29, 2015
Ratio Bear Put Spread
July 06, 2015
Ratio Bull Call Spread
July 13, 2015
Long Put Ladder
July 20, 2015
Ratio Bull Call Spread
Research Team Tel: 022 - 39357800
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