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The Nifty futures’ open interest decreased by 0.12%
while Minifty futures’ open interest increased by 3.11%
as market closed at 6119 levels.
The Nifty Nov future closed at a premium of 36.95
points, against a premium of 34.50 points in the last
trading session. On the other hand, Dec future closed
at a premium of 63.25 points.
The PCR-OI increased from 1.28 to 1.29 points.
The Implied volatility of At-the-money options for
November series increased from 19.70% to 20.00%.
The total OI of the market is `1,46,225cr and the
stock futures OI is `47,627cr.
Few liquid counters where cost of carry is positive are
COREPROTEC, PANTALOONR, PTC, GTL and DABUR.
View
FIIs again started the same strategy (forming shorts
in the stock futures and buying in the cash market
segment). They were net buyers of `461cr in the
cash market.
Yesterday, the 6100 put option added highest open
interest and a mixed build up was observed in
many calls and put options.
ABAN has corrected significantly from higher levels
due to long unwinding. Some buying was observed
in the stock in last trading session. We may see a
positive move up to `880. Therefore, it is advisable
to form long with a stop loss of `785.
TATASTEEL has witnessed short formations from
higher levels and after some unwinding of shorts
from support levels, fresh buying was also observed
in the stock. We may see a positive move up to
`630-635. Traders can trade with positive bias with
a stop loss of `585.
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