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The Nifty futures’ open interest increased by 8.94%
while Minifty futures’ open interest increased by 2.06%
as market closed at 6082 levels.
The Nifty Oct future closed at a premium of 26.25
points, against a premium of 30.40 points in the last
trading session. On the other hand, Nov future closed
at a premium of 55.05 points.
The PCR-OI decreased from 1.23 to 1.22 points.
The Implied volatility of At-the-money options for
October series decreased from 18.00% to 17.75%,
while for November series, it decreased from
20.00% to 19.00%.
The total OI of the market is `1,95,940cr and the
stock futures OI is `55,863cr.
Rollover for Nifty futures is 38.64%, Minifty futures is
38.95%, while market-wide rollover is 45.10%.
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FIIs data is showing strong build up in open interest
but there are no major changes in the net figure.
This suggests they have differences in their views.
Some are forming fresh long while others are
forming fresh short positions.
Yesterday, significant build up was observed in the
6200 call option and unwinding was observed in
the 6200 put option of Oct. expiry. In Nov. expiry
the 6300 call option and the 6000 put option
added highest open interest.
Since start of the month continuously HINDZINC
has witnessed unwinding in open interest and
yesterday it reduced open interest by 11%. Rollover
is also less in this stock. It is advisable to form short
position in Nov. contracts for the target of `1210
with a stop loss of `1280.
CESC is showing some strength and stock has short
positions too. We may see a short covering in the
stock up to `400. It is advisable to trade with
positive bias with a stop loss of `377.
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