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The Nifty futures’ open interest decreased by 0.84% while
Minifty futures’ open interest decreased by 0.96% as
market closed at 5998.10 levels.
The Nifty Dec future closed at a premium 13.75 of
points, against a premium of 25.60 points in the last
trading session. On the other hand, Jan future closed at
a premium of 41.70 points.
The PCR-OI increased from 1.41 to1.42 points.
The Implied volatility of At-the-money options for Dec
expiry increased from 13.00% to 16.50% and for Jan
expiry it is 17.20%
The total OI of the market is `1,62,426cr and the stock
futures OI is `42,434cr.
Rollover for Nifty futures is 29.27%, Minifty futures is
33.42%, while market-wide rollover is 36.27%.
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FIIs have formed some long positions in the Index
futures while formed shorts in the stock futures.
They were net buyers of `246cr in the cash market
segment.
In the last trading session, unwinding has been
observed in most of the call and put options of Dec.
expiry however, build up was observed in the 5900
and 6000 put options of Jan series.
ASHOKLEY has corrected from its immediate high
of `70. Stock added more than 60% open interest
in the past few trading sessions. Due to short
covering we may see a positive move in the stock
up to `67-`68. Any negative move can be used to
form long positions with a stop loss of `58.
Although the market is range bound or positive,
IDBI is showing some short formations. We may see
further correction in the stock up to `153. Traders
can trade with negative bias with a stop loss of
`166.
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