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The Nifty futures’ open interest decreased by 0.32%
while Minifty futures’ open interest increased by 3.45%
as market closed at 6301.55 levels.
The Nifty Nov future closed at a premium of 31.90
points, against a premium of 23.60 points in the last
trading session. On the other hand, Dec future closed
at a premium of 59.50 points.
The PCR-OI increased from 1.36 to 1.39 points.
The Implied volatility of At-the-money options for
November series decreased from 16.50% to 15.75%.
The total OI of the market is `1,63,971cr and the
stock futures OI is `51,044cr.
Few liquid counters where cost of carry is positive are
INDIAINFO, ONMOBILE, GTL, NHPC and HINDZINC.
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FIIs have formed some short positions in the Index
futures. However, they were net buyers of `475cr in
the cash market segment.
Yesterday, the 6300 put option added significant
open interest, while call options were not showing
any considerable changes.
GMRINFRA has been underperformer in the
market. Significant short positions also exist in the
stock. Due to short covering, we may see some
positive move up to `57-58. Thus, it is advisable to
trade with positive bias with a stop loss of `53.
FSL has its immediate support around `27. Some
buying was also observed in the stock. Thus,
positive move can be expected. Therefore, traders
can trade with positive bias around support for the
target of `31. Keep a stop loss of `25.50.
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