The Nifty futures’ open interest increased by 10.05%
while Minifty futures’ open interest increased by
10.97% as market closed at 6233.90 levels.
The Nifty Oct future closed at a premium of 39.95
points, against a premium of 27.75 points in the last
trading session. On the other hand, Nov future closed
at a premium of 58.95 points.
The PCR-OI increased from 1.33 to 1.39 points.
The Implied volatility of At-the-money options
decreased from 17.25% to 16.75%.
The total OI of the market is `1,75,152cr and the
stock futures OI is `51,590cr.
Few liquid counters where cost of carry is positive are
JPPOWER, BGRENERGY, CHAMBLFERT, JISLJALEQS
and BALRAMCHIN.
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Interestingly in such a positive move in the market,
FIIs were net sellers in the Index futures and
continued to form short positions in the stock
futures. They were net buyers of `2,103cr in the
cash market segment.
Yesterday, strong activity was observed in the Index
options. The 6400 strike call and the 6200 and
6300 puts added huge open interest. At the same
time, significant unwinding was observed in the
6200 call option and 6000 put option.
ADANIPOWER added around 11% open interest in
the last trading session and from 134 levels some
long formations was observed in it. We may see a
positive move in the stock up to `144. It is
advisable to form long with a stop loss of `133.
ABIRLANUVO is trading around the same levels in
the past few trading sessions. Continuous build up
was also observed in the stock. Traders can form
long positions around `860 for the target of `900
with a stop loss of `838.
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