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The Nifty futures’ open interest increased by 1.11% while
Minifty futures’ open interest decreased by 5.54% as
market closed at 5654.75 levels.
The Nifty Jan future closed at a premium of 2.40 points,
against a discount of 0.55 points in the last trading
session. On the other hand, Feb future closed at a
premium of 25.00 points.
The PCR-OI has increased from 0.90 to 0.91 levels.
The Implied volatility of At-the-money options remained
at same levels of 22.25%.
The total OI of the market is `1,54,513cr and the stock
futures OI is `36,059cr.
Few liquid counters where cost of carry is positive are
ABGSHIP, PTC, GODREJIND, KTKBANK, and GLAXO
View
FIIs again formed some long positions in the Index
futures and the stock futures. They were net sellers of
`173cr in the cash market segment.
Yesterday, the 5700 call option, and the 5400 and
5500 put options added huge open interest, while
some unwinding was observed in the 5600 and
above strike put options.
After a significant positive move in the past few days,
some unwinding has been observed in PRAJIND from
higher levels. We may see further correction in the
counter. Any positive opening can be used to trade
with negative bias by the day traders for the target
of `75
Some long formations have been observed in ACC in
the past few trading sessions. The stock added
around 30% open interest since start of the Jan
series. `990 is strong support for the stock. We
advise correction around support levels can be used
to form long positions for the target of `1,040 with a
stop loss of `968.
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