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The Nifty futures’ open interest increased by 3.56%
while Minifty futures’ open interest increased by 3.48%
as market closed at 5960.90 levels.
The Nifty Dec future closed at premium of 18.20
points, against a premium of 24.20 points in the last
trading session. On the other hand, Jan future closed
at a premium of 40.80 points.
The PCR-OI increased from 1.21 to 1.22 points.
The Implied volatility of At-the-money options
decreased from 18.50% to16.50%.
The total OI of the market is `1,35,894cr and the
stock futures OI is `39,106cr.
Few liquid counters where cost of carry is positive are
COREPROJECT, TATAMTRDVR, OIL, GTLINFRA, and
PANTALOONR.
View
FIIs again covered some of their short positions in
the Index futures and the stock futures and also
formed some fresh longs in them. They were net
buyers of `492cr in the cash market segment.
Yesterday, though the 6100 call option showed
highest build up, the 6000 call is standing with
highest open interest. On the other hand, the 5800
and 5900 puts added significant open interest.
In the past few trading sessions, ALBK added more
than 60% of open interest. Increasing positive cost
of carry is also indicating buying in the stock. Thus,
we may see a positive move in the stock up to
`262. Traders can trade with positive bias with a
stop loss of `240.
ACC is showing support around `990 levels. We
may see a positive move in the stock up to `1,050.
It is advisable to trade with positive bias around
current levels with a stop loss of `975.
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