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The Nifty futures’ open interest increased by 5.69% while
Minifty futures’ open interest decreased by 20.04% as
market closed at 5751.90 levels.
The Nifty Jan future closed at a premium of 3.90 points,
against a premium of 11.00 points in the last trading
session. On the other hand, Feb future closed at a
premium of 25.35 points.
The PCR-OI has decreased from 1.01 to 0.94 levels.
The Implied volatility of At-the-money options has
increased from 20.00% to 21.50%.
The total OI of the market is `1,49,414cr and the stock
futures OI is `36,652cr.
Few liquid counters where cost of carry is positive are
GTL, RUCHISOYA, HOTELEELA, ORBITCORP, and
ORCHIDCHEM.
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Despite a meaningful correction in the market, FIIs
are not selling significantly in the futures segment.
They formed some contra longs in the Stock futures
and were net sellers of `250cr in the cash market
segment.
Yesterday, with the correction in the market, again a
huge build up was observed in most of the call
options, and 5600 and 5700 put options also added
a considerable open interest, while some unwinding
was observed in the 5800 put.
ITC added more than 15% open interest in the last
trading session, after unwinding of long positions in
the past few trading sessions. We may see a positive
move up to `178-`180. Any dip around `169-`170
can be used to trade with positive bias with a stop
loss of `166.
After some unwinding, again shorting was observed
in IDFC. The stock may go down further. Traders can
trade with negative bias around `162 for the target
of `150 with a stop loss of `167.
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