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The Nifty futures’ open interest increased by 0.88% while
Minifty futures’ open interest increased by 14.36% as
market closed at 5762.85 levels.
The Nifty Jan future closed at a premium of 3.45 points,
against a premium of 9.55 points in the last trading
session. On the other hand, Feb future closed at a
premium of 33.80 points.
The PCR-OI has decreased from 1.03 to 0.97 levels.
The Implied volatility of At-the-money options increased
from 18.60% to 21.75%.
The total OI of the market is `1,40,309cr and the stock
futures OI is `35,772cr.
Few liquid counters where cost of carry is positive are
DIVISLAB, MUNDRAPORT, INDUSINDBK, BALRAMCHIN
and HDIL.
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FIIs did some long unwinding in the Index futures and
formed some contra longs in the stock futures. They
were net sellers of `1,139cr in the cash market
segment.
Yesterday, again huge build up was observed in most
of the call options and unwinding was observed in
the 5900 and above strike put options, while 5800
and below strike puts added a considerable open
interest.
Continuous unwinding was observed in TATACHEM.
Stock is showing weakness in the past few trading
sessions. We may again see the counter around
`357. Traders can trade with negative bias with a
stop loss of `380.
FEDERALBANK has significant short positions and
unwinding of some shorts has been observed from
lower levels. Yesterday, though the market was
significantly down it was showing strength. We may
see a positive move up to `392. Traders can trade
with positive bias with a stop loss of `368.
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