Dec 29, 2014
Nifty Vs OI
The Nifty futures open interest decreased by 0.50% while
BankNifty futures open interest has increased by 5.25%
as market closed at 8200.70 levels.
The Nifty January future closed at premium of 73.05
points against a premium of
103.20 points. The
February series closed at a premium of 125.35 points.
The Implied Volatility of at the money options has
decreased from 14.00% to 13.65%.
Nifty PCR-OI has increased from 1.04 to 1.05 levels.
The total OI of the market is Rs. 1,58,461/- cr. and the
stock futures OI is Rs. 58,589/- cr.
Few of the liquid counters where we have seen high cost
of carry are UNITECH, NHPC, HEXAWARE, JPPOWER
FIIs activity in cash market segment was subdued. In
Index Futures they were marginal sellers with fall in
open interest indicating unwinding of some long
positions in last trading session.
In Index Options they bought significantly in of worth
Rs. 979 crores with rise in open interest suggesting
long formation in options front. PCR-OI has
increased mainly due to open interest addition in put
options while implied volatility decreased on the
closing basis. We saw good amount of open interest
addition in the range of 7900-8100 put options;
some buildup was also seen in the lower strikes like
7500 & 7700 call options. We believe these open
interest addition in put options must be FIIs long
positions. On the other hand in call options buildup
was seen in 8300, 8600 & 8700 strike price which
may be blend of long and short positions. Maximum
buildup in current series is seen 8400 call and 8000
Seeing lower put options being activity and FIIs also
actively participating in buying these put strike we
believe we may see further pressure in market. One
should avoid going long in this market.
Dec 29, 2014
FII Statistics for 26-Dec-2014
Turnover on 26-Dec-2014
Nifty Spot =8200.70
Lot Size = 50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (Jan Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
Dec 29, 2014
Research Team Tel: 022 - 39357800
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