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The Nifty futures’ open interest increased by 2.65%
while Minifty futures’ open interest decreased by
6.74% as market closed at 6075.95 levels.
The Nifty Oct future closed at a premium of 46.25
points, against a premium of 29.35 points in the last
trading session. On the other hand, Nov future closed
at a premium of 64.80 points.
The PCR-OI decreased from 1.28 to 1.26 points.
The Implied volatility of At-the-money options
decreased from 20.00% to 19.75%.
The total OI of the market is `1,83,881cr and the
stock futures OI is `51,881cr.
Few liquid counters where cost of carry is positive are
RELIANCE, KFA, GSPL, RELMEDIA and EKC.
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FIIs have formed short positions in the Index futures
and the stock futures. They were net buyers of
`336cr in the cash market segment.
Yesterday, a considerable buildup was observed in
the 6000 and 6100 call options and 6100 put
option. On the other hand, unwinding was
observed in the 6200 and 6300 put options.
Some long formations were observed in
RELCAPITAL yesterday. We may see a positive move
in the stock up to `865-`870. Traders can trade
with positive bias with a stop loss of `835.
MUNDRAPORT has witnessed significant shorting
from higher levels and open interest base has
almost been doubled. The stock has support
around current levels. We may see a positive move
in the counter due to short covering. Therefore, it is
advisable to trade with positive bias around `157
for the target of `172 with a stop loss of `150.
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