Visit http://indiaer.blogspot.com/ for complete details ô€‚„ ô€‚„ The Nifty futures’ open interest increased by 1.10%
while Minifty futures’ open interest increased by 6.60%
as market closed at 6062.65 levels.
The Nifty Oct future closed at a premium of 29.35
points, against a premium of 20.15 points in the last
trading session. On the other hand, Nov future closed
at a premium of 50.70 points.
The PCR-OI decreased from 1.35 to 1.28 points.
The Implied volatility of At-the-money options
increased from 18.25% to 20.00%.
The total OI of the market is `1,81,867cr and the
stock futures OI is `50,994cr.
Few liquid counters where cost of carry is positive are
EKC, GTL, GTLINFRA, IVRCLINFRA and GSPL.
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Some long unwinding was observed in the Index
futures and shorting was observed in the stock
futures from the FIIs. A small selling worth `113cr
by FIIs was visible in the cash market and DIIs were
net sellers of `1053cr in cash.
In the last trading session, a significant build up
was observed in the 6100 and 6200 Call options,
and the 5900 and 6000 put options. 6000 put is
still standing with highest open interest and no
unwinding was observed in it. We expect market to
take support around that level.
After two days of correction, some strength was
observed in NTPC in the last trading session.
Positional traders can form covered call writing
strategy in it. It is advisable to buy NTPC futures
around `205 and sell 210 call option around
`2.50.
IVRCLINFRA added around 23% open interest in the
last trading session due to short formations. Stock
has strong support around `150. Correction up to
support can be used to form long for the target of
`165 with a stop loss of `144.
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