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The Nifty futures’ open interest increased by 1.36%
while Minifty futures’ open interest decreased by
3.71% as market closed at 5830.00 levels.
The Nifty Dec future closed at premium of 14.75
points, against a premium of 26.20 points in the last
trading session. On the other hand, Jan future closed
at a premium of 37.90 points.
The PCR-OI decreased from 1.26 to 1.23 points.
The Implied volatility of At-the-money options
decreased from 20.00% to 19.80%.
The total OI of the market is `1,25,799cr and the
stock futures OI is `36,353cr.
Few liquid counters where cost of carry is positive are
LUPIN, BEL, GLAXO, NHPC, and HEXAWARE
View
FIIs have formed some long positions in the Index
futures and the Stock futures. They were net buyers
of `156cr in the cash market segment.
Yesterday, many call options, the 5900 and above
strikes added a considerable open interest. On the
other hand, the 5700 put option added highest
open interest.
AXISBANK added around 8% open interest in the
last trading session. It is trading around its support
levels and significant short positions are existing in
it. We may see a positive move due to short
covering. Thus, advisable to trade with positive bias
around `1,330 with a stop loss of `1,300 for the
target of `1,400.
Significant unwinding has been witnessed in STER.
Some selling was also observed in the 170 call. We
may see further correction in the stock up to `155.
Therefore, advisable to use positive move to trade
with negative bias.
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