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The Nifty futures’ open interest increased by 2.96%
while Minifty futures’ open interest decreased by
0.58% as market closed at 5982.10 levels.
The Nifty Oct future closed at a premium of 25.70
points, against a premium of 16.85 points in the last
trading session. On the other hand, Nov future closed
at a premium of 50.75 points.
The PCR-OI decreased from 1.22 to 1.18 points.
The Implied volatility of At-the-money options
decreased from 21.00% to 19.50%.
The total OI of the market is `1,88,314cr and the
stock futures OI is `51,848cr.
Few liquid counters where cost of carry is positive are
BAJAJHIND, STERLINBIO, EKC, GLAXO and
OPTOCIRCUI.
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FIIs have formed some short positions in the Index
futures and the stock futures. US markets closed up
around 1%. As suggested by SGX Nifty we may see
a positive opening today.
A significant build up was observed in most of the
call options. The 6000 call option added highest
open interest yesterday. The 6000 put option is still
standing with highest open interest and a small
unwinding was observed in it yesterday.
BHEL has corrected significantly from higher levels
due to long unwinding. Stock is showing support
around current levels. It is advisable to trade with
positive bias around `2500 for the target of `2580
with a stop loss of `2465.
PANTALOONR has significant short positions in it. It
is showing support around current levels. Positive
move up to `490 is expected. Traders can form
long positions around `470 with a stop loss of
`460.
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