Visit http://indiaer.blogspot.com/ for complete details The Nifty futures’ open interest decreased by 2.83%
while Minifty futures’ open interest increased by 5.53%
as market closed at 6027.30 levels.
The Nifty Oct future closed at a premium of 16.85
points, against a premium of 46.25 points in the last
trading session. On the other hand, Nov future closed
at a premium of 45.40 points.
The PCR-OI decreased from 1.26 to 1.22 points.
The Implied volatility of At-the-money options
increased from 19.75% to 21.00%.
The total OI of the market is `1,84,442cr and the
stock futures OI is `51,548cr.
Few liquid counters where cost of carry is positive are
COREPROTEC, HEXAWARE, TRIVENI, GVKPIL and
WELCORP.
View
FIIs have covered some of their short positions in
the Index futures. They were net buyers of `107cr in
the cash market segment.
Yesterday, a considerable build up was observed in
the 6100 call options and unwinding was observed
in the 6100 put option. After a gap down opening,
traders can use 6100 call option to trade with
positive bias around `40 for the target of `80 with
a stop loss of `25.
M&M added significant open interest over a month.
It has its immediate support around `690. Negative
move around support can be used to trade with
positive bias as some strength was also observed in
it. Target for the stock is `720 and stop loss is
`678.
Some shorting was witnessed in EDUCOMP. We
expect further correction in the stock too. Thus,
trading with negative bias is advisable for the target
of `600.
No comments:
Post a Comment