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The Nifty futures’ open interest decreased by 3.65% while
Minifty futures’ open interest decreased by 12.12% as
market closed at 5724.05 levels.
The Nifty Jan future closed at a premium of 8.35 points,
against a premium of 2.40 points in the last trading
session. On the other hand, Feb future closed at a
premium of 32.40 points.
The PCR-OI has decreased from 0.91 to 0.89 levels.
The Implied volatility of At-the-money options decreased
from 22.25% to 18.50%.
The total OI of the market is `1,53,521cr and the stock
futures OI is `37,194cr.
Few liquid counters where cost of carry is positive are
TTML, TULIP, LICHSGFIN, CANBK and 3IINFOTECH.
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FIIs have formed some long positions in the stock
futures. Small buying was also observed in the Index
futures and in cash market.
Yesterday, unwinding was witnessed in most of the
call and put options. This is mainly because of faster
decline in time value of the options, participants who
have long positions were exiting from their positions.
STERLINBIO is consolidating around the current levels
in the past few trading sessions. Stock added around
15% open interest at the same levels. We may see a
positive move up to `105-`106. Traders can form
long positions with a stop loss of `98.
CANBANK has significant short positions and some
buying was observed in the stock yesterday. Due to
short covering stock may pull up from current levels.
Traders can trade with positive bias around `536 for
the target of `564 with a stop loss of `522.
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