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The Nifty futures’ open interest decreased by 6.29%
while Minifty futures’ open interest decreased by
13.92% as market closed at 5857.35 levels.
The Nifty Dec future closed at a premium of 22.25
points, against a premium of 13.40 points in the last
trading session. On the other hand, Jan future closed
at a premium of 46.10 points.
The PCR-OI increased from 1.05 to1.13 points.
The Implied volatility of At-the-money options
increased from 18.70% to 20.00%.
The total OI of the market is `1,43,267cr and the
stock futures OI is `37,011cr.
Few liquid counters where cost of carry is positive are
STRTECH, PTC, ADANIENT, SRTRANSFIN, and
SREINFRA.
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Though FIIs covered some of their short positions in
the Index futures, they were net sellers of `1,239cr
in the cash market segment.
In the last trading session, significant unwinding
was witnessed in the 5900 and 6000 call and Inthe-
money put options. However, 5700 and 5800
puts added a considerable open interest. Option
data is suggesting a range bound market of
5700-6000 levels.
LT’s cost-of-carry has increased significantly and
build-up was also observed in the stock. It may give
a positive move up to `2,020-2,030. Thus, traders
can form long around `1,950 with a stop loss of
`1,920.
Traders can trade with positive bias in
ADANIPOWER. Stock is showing support around
current levels. Short covering may pull up the stock
up to `132. Traders can keep a stop loss at `122.
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