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The Nifty futures’ open interest increased by 0.69%
while Minifty futures’ open interest increased by 0.16%
as market closed at 5984.40 levels.
The Nifty Dec future closed at a premium of 15.15
points, against a premium of 10.95 points in the last
trading session. On the other hand, Jan future closed
at a premium of 41points.
The PCR-OI increased from 1. 32 to1.34 points.
The Implied volatility of At-the-money options
decreased from 16.25% to 15.50%.
The total OI of the market is `1,59,404cr and the
stock futures OI is `41,191cr.
Few liquid counters where cost of carry is positive are
COREPROJEC, IOB, ORBITCORP, INDHOTEL, and
TATAGLOBAL.
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FIIs activities were not significant in the futures
segment, while they were buying considerably in the
Index options in the last trading session.
Yesterday, significant buildup has been witnessed in
the 6100 call option, and some build up was also
observed in the 5900 to 6100 put options. We
expect market to continue to be range bound.
Some long formations were observed in
TATACOMM. Stock has immediate support around
`248. We may see a positive move up to `265.
Thus, traders can trade with positive bias with a
stop loss of `245.
PETRONET has strong resistance zone of
`128-`130. Due to long unwinding we may see a
negative move in the stock up to `120. Traders can
trade with negative bias around
`128-`129 with a stop loss of `133.
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