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The Nifty futures’ open interest increased by 3.36%
while Minifty futures’ open interest decreased by
1.94% as market closed at 6275.70 levels.
The Nifty Nov future closed at a premium of 32.60
points, against a premium of 31.90 points in the last
trading session. On the other hand, Dec future closed
at a premium of 64.95 points.
The PCR-OI decreased from 1.39 to 1.37 points.
The Implied volatility of At-the-money options for
November series increased from 15.75% to 16.00%.
The total OI of the market is `1,67,652cr and the
stock futures OI is `52,413cr.
Few liquid counters where cost of carry is positive are
GTL, STERLINBIO, BOMDYEING, 3IINFOTECH and
SKUMARSYNF.
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FIIs have formed some short positions in the Index
futures and the stock futures. Global cues are
flattish to positive. We may again see a range
bound trading session today.
Yesterday, the 6300 call and put both options
added considerable open interest. IV is continuously
decreasing. This does not suggest any significant
negative move in the market.
BHEL has its immediate support around `2,450.
Stock has corrected from higher levels due to some
long unwinding. We may see a positive move in the
stock up to `2,550. Thus, it is advisable to trade
with positive bias around support with a stop loss of
`2,400.
IVRCLINFRA is trading around its strong support of
`145. In the past few trading sessions significant
build up was also observed. Positive move up to
`160 can be expected due to short covering.
Positional traders can form long with a stop loss of
`139.
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