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The Nifty futures’ open interest decreased by 2.31%
while Minifty futures’ open interest decreased by
2.36% as market closed at 5948.75 levels.
The Nifty Dec future closed at a premium of 18.05
points, against a premium of 2.80 points in the last
trading session. On the other hand, Jan future closed
at a premium of 43.75 points.
The PCR-OI increased from 1.20 to1.26 points.
The Implied volatility of At-the-money options
decreased from 18.75% to 16.50%.
The total OI of the market is `1,50,166cr and the
stock futures OI is `39,515cr.
Few liquid counters where cost of carry is positive are
GSL, ALOKTEXT, SKUMARSYNF, FSL, and
BGRENERGY.
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FIIs did some long unwinding in the Index futures.
They were net sellers of `317cr in the cash market
segment.
In the last trading session, unwinding was observed
in the 5900 and 6000 call options and build up
was observed in the 5800 to 6000 put options.
Market may give some positive move today, though
we are not excepting significant upside above 6000
levels.
BRFL has significant short positions and some
buying was observed in the stock from lower levels.
Due to short covering it may give a positive move
up to `220. Thus, traders can trade with positive
bias with a stop loss of `192.
After correction from higher levels, RANBAXY is
consolidating around current levels in the past few
trading sessions. We may see a positive move in the
stock up to `572-`575. Traders can trade with
positive bias with a stop loss of `538.
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