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The Nifty futures’ open interest decreased by 0.27%
while Minifty futures’ open interest decreased by
1.71% as market closed at 5992.80 levels.
The Nifty Dec future closed at a premium of 23.95
points, against a premium of 17.35 points in the last
trading session. On the other hand, Jan future closed
at a premium of 45.30 points.
The PCR-OI increased from 1.24 to 1.26 points.
The Implied volatility of At-the-money options
decreased from 16.00% to15.50%.
The total OI of the market is `1,41,311cr and the
stock futures OI is `39,394cr.
Few liquid counters where cost of carry is positive are
GLAXO, STERLINBIO, SRTRANSFIN, ESCORTS, and
FSL.
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FIIs have formed some long positions in the Index
futures and the Stock futures. They were net buyers
of `604cr in the cash market segment.
In the last trading session, the 5900 and 6000 put
options added significant open interest, and no
considerable changes were observed in call
options.
After significant correction from higher levels,
BALRAMCHIN is showing long formations in it. We
may see a positive move in the stock up to `88.
Thus, traders can use buy on dips around `78-`79
with a stop loss of `74.
Barring last trading session, BANKINDIA had given
a positive move on the back of short covering. We
expect correction in the stock up to `465. Thus,
traders can trade with negative bias around
`485-`487 with a stop loss of `496.
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