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The Nifty futures’ open interest increased by 3.32% while
Minifty futures’ open interest increased by 6.46% as
market closed at 5691.05 levels.
The Nifty Jan future closed at a discount of 1.90 points,
against a premium of 8.35 points in the last trading
session. On the other hand, Feb future closed at a
premium of 23.50 points.
The PCR-OI has decreased from 0.89 to 0.88 levels.
The Implied volatility of At-the-money options decreased
from 18.50% to 17.50%.
The total OI of the market is `1,55,151cr and the stock
futures OI is `36,588cr.
Few liquid counters where cost of carry is positive are
NAGARCONST, RUCHISOYA, ZEEL, STERLINBIO and
GVKPIL.
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Although FIIs have formed some long positions in the
Index futures and the Stock futures, they were net
sellers of `270cr in the cash market segment.
Yesterday, a considerable build up was observed in
the 5700 call option and in the 5500 strike put
option. However, unwinding was observed in the
5700 and above strike put options.
Continuous shorting was observed in SIEMENS in the
past few trading sessions. Cost of carry is also
negative. We may see further correction in the stock
up to `700. Traders can trade with negative bias with
a stop loss of `745.
Some buying was observed in 3IINFOTECH in the
past two trading sessions. Due to weakness in the
market we may see a negative move also in this.
Dips can be used to trade with positive bias for the
target around `59. Keep a stop loss of `54.
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