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The Nifty futures’ open interest decreased by 3.78% while
Minifty futures’ open interest decreased by 11.71% as
market closed at 5754.10 levels.
The Nifty Jan future closed at a premium of 16.20
points, against a premium of 3.45 points in the last
trading session. On the other hand, Feb future closed at
a premium of 35.10 points.
The PCR-OI has decreased from 0.97 to 0.95 levels.
The Implied volatility of At-the-money options decreased
from 21.75% to 21.50%.
The total OI of the market is `1,40,338cr and the stock
futures OI is `35,428cr.
Few liquid counters where cost of carry is positive are
KSOILS, SYNDIBANK, ULTRACEMCO, ADANIPOWER,
and ANDHRABANK.
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Yesterday, though FIIs were net sellers of `1,163cr in
the cash market segment, they covered some of their
short positions in the Index futures and the stock
futures.
In the last trading session, highest build up was
observed in the 5700 call and 5500 put options,
however unwinding was visible in the 5800 and
above strike put options.
After short formations of more than 40% some short
covering from lower levels was observed in LT. We
expect a positive move in the stock. Thus, positional
traders can form long positions for the target of
`1,850, with a stop loss of `1,750.
BGRENERGY was also showing unwinding of short
positions from lower levels. We expect a positive
move in the counter. Day traders can trade with
positive bias for the target of `650.
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