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The Nifty futures’ open interest increased by 0.25%
while Minifty futures’ open interest increased by
11.50% as market closed at 6071.65 levels.
The Nifty Nov future closed at a premium of 19.90
points, against a premium of 38.30 points in the last
trading session. On the other hand, Dec future closed
at a premium of 53.05 points.
The PCR-OI decreased from 1.36 to 1.13 points.
The Implied volatility of At-the-money options for
November series increased from 16.50% to 20.00%.
The total OI of the market is `1,71,449cr and the
stock futures OI is `50,066cr.
Few liquid counters where cost of carry is positive are
COREPROTEC, FEDERALBNK, GTL, KSOILS and
APOLLOTYRE.
View
FIIs formed short positions in the Index futures and
the stock futures. They were net sellers of `782cr in
the cash market segment.
In the last trading session, most of the call options
added huge open interest. On the other hand,
unwinding was observed in In-the-money put
options, while 5900 and 6100 puts added
considerable open interest.
NATIONALUM is trading around its support levels
of `395-396. Stock has corrected due to long
unwinding. Cost of carry is also positive. We may
see a positive move up to `415. Thus, it is
advisable to form long from support levels with a
stop loss of `388.
ACC is showing some long unwinding from higher
levels. We may see further correction in the counter
up to `1,040. Traders can trade with negative bias
around `1,090 with a stop loss of `1,110.
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