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The Nifty futures’ open interest increased by 3.07% while
Minifty futures’ open interest decreased by 11.23% as
market closed at 5863.25 levels.
The Nifty Jan future closed at a premium of 11.00
points, against a premium of 16.20 points in the last
trading session. On the other hand, Feb future closed at
a premium of 36.45 points.
The PCR-OI has increased from 0.95 to 1.01 levels.
The Implied volatility of At-the-money options for Jan
expiry has decreased from 21.50% to 20.00%.
The total OI of the market is `1,43,631cr and the stock
futures OI is `36,706cr.
Few liquid counters where cost of carry is positive are
INDHOTEL, APOLLOTYRE, ALOKTEXT, POLARIS, and
PATELENG.
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A blend of short covering and some long formations
were observed in the stock futures from FIIs. They
were net sellers if `372cr in the cash market
segment.
Yesterday, a considerable unwinding was observed in
the 5800 and 5900 call options and the 5600 put
option added highest open interest. During the day IV
reduced to 20% from the high of 23%. We expect
further positive move in the market.
JSWSTEEL has significant short positions. Yesterday,
pull back due to short covering was observed in it but
the stock still has considerable short positions. Due to
further short covering, we may see a positive move in
the stock up to `1070. Positional traders can trade
with positive bias with a stop loss of `970.
EXIDEIND added more than 50% open interest in the
past few trading sessions. Though the total open
interest is less, we expect a positive move in the
counter. Traders can trade with positive bias for the
target of `160 with a stop loss of `151.
Some long unwinding has been witnessed in
INFOSYSTECH in the past few trading sessions.
Among put options the 3300 strike put has highest
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