May 29, 2013
Nifty Vs OI
The Nifty futures open interest increased by 4.02% while
BankNifty futures open interest is increased by 0.32% as
market closed at 6111.25 levels.
The Nifty May future closed at discount of 1.85 point
against a premium of 0.30 points. The June series closed
at a premium of 20.30 points.
The Implied Volatility of at the money options has
increased from 16.39% to 19.14%.
Nifty PCR-OI has increased from 1.18 to 1.25 levels.
The total OI of the market is Rs. 1,75,493/- cr. and the
stock futures OI is Rs.37,317/- cr.
Few of the liquid counters where we have seen high roll-
over are IVRCLINFA, PFC, NHPC, FINANCIALTECH and
FII’s were net buyers in cash market segment; they
were net buyers worth of Rs.711/- cr in yesterday’s
On options front 6200 call option has seen some
buildup in open interest and 6000-6100 strikes has
seen significant amount of unwinding which was
much of short covering. While in put option 6100
strike saw maximum buildup in open interest in
yesterday’s trading session.
Rollover in NIFTY and in BANKNIFTY future is in line
at 36% and 24% respectively.
The recent bounce in LICHSGFIN was mainly due to
short covering and has not seen much of the long
postions getting buildup during this bounce. Around
Rs.282-284 the counter has some resistance and also
the CoC has turned negative indicating some selling
pressure in this stock. Hence we recommend to go
short at around Rs.276-278 levels with the target
price of Rs.256 and stop loss at Rs.286.
May 29, 2013
FII Statistics for 27-May-2013
Turnover on 28-May-2013
Nifty Spot =6111.25
Lot Size = 50
Note: Above mentioned Bullish or Bearish Spreads in Nifty (May. Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
May 29, 2013
Bull Call Spread
Profit booked on 02-May-2013
Bull Call Spread
Profit booked on 16-May-2013
Ratio Put Spread
Position squared off
Ratio Call Spread
Research Team Tel: 022 - 39357800
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