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The Nifty futures’ open interest increased by 2.02% while
Minifty futures’ open interest increased by 1.78%, as
market closed at 5996.00 levels.
The Nifty Dec future closed at a premium 18.15 points,
against a premium of 13.75 points in the last trading
session. On the other hand, Jan future closed at a
premium of 47.25 points.
The PCR-OI increased from 1.42 to1.46 points.
The Implied volatility of At-the-money options for Dec
expiry increased from 16.50% to 17.00% and for Jan
expiry also it is 17.00%.
The total OI of the market is `1,64,575cr and the stock
futures OI is `43,069cr.
Rollover for Nifty futures is 35.32%, Minifty futures is
36.35%, while market-wide rollover is 48.00%.
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FIIs have formed some short positions in the Index
futures and the stock futures. They were net buyers
of `110cr in the cash market segment.
Yesterday, unwinding was observed in most of the
call and put options in December series, barring
6000 strikes. In January series, the 6000 put added
highest open interest.
MUNDRAPORT has its support around current
levels. Stock also has significant short positions.
Short covering may pull up the market up to `150.
Traders can form long positions with a stop loss of
`137.
Among midcap banking stocks, UNIONBANK is
showing some long formations. Stock added
around 14% open interest in the last trading
session. Day traders can trade with positive bias.
Nifty rollover is 35.32% against 51.25% last month.
In terms of absolute open interest also it is less.
Majority of rollover may take place in the last two
trading days of expiry. Thus, we may see a volatile
trading session.
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