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The Nifty futures’ open interest increased by 4.02% while Minifty futures’ open interest increased by 5.25%
as market closed at 6000.65 levels.
The Nifty Dec future closed at a premium of 10.95 points, against a premium of 12.00 points in the last trading session. On the other hand, Jan future closed at a premium of 38.55 points.
The PCR-OI increased from 1.29 to1.32 points.
The Implied volatility of At-the-money options decreased from 18.00% to 16.25%.
The total OI of the market is `1,57,849cr and the stock futures OI is `40,917cr.
Few liquid counters where cost of carry is positive are
COREPROJEC, BOMDYEING, BOSCHLTD, GMDCLTD and CENTRALBK.
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FIIs again formed some long positions in the Index futures and the stock futures. Global cues are positive. We may see a positive opening today.
Yesterday, significant buildup was observed in the 6100 call option, and in 5900 and 6000 put options.
JINDALSAW is consolidating around current levels in the past few trading sessions and showing some build up. Also the base metal prices in LME are positive. We may see a positive move up to
`190-`192. Thus, trading with positive bias is advisable with a stop loss of `178.
Yesterday, though most of the large-cap banking counters were strong, KOTAKBANK was not sowing
much strength. Any positive move around `463-`465 levels can be used to form short positions for the target of `450 with a stop loss of `472.
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