India Equity Research Reports, IPO and Stock News
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The Nifty futures’ open interest increased by 0.18% while
Minifty futures’ open interest decreased by 21.41% as
market closed at 5660.65 levels.
The Nifty July future closed at a premium of 16.65
points, against a premium of 15.65 points in the last
trading session, while the Aug futures closed at a
premium of 28.55 points.
The Implied Volatility of at the money options decreased
from 17.20% to 16.80%.
The PCR-OI decreased from 1.34 to 1.25 points.
The total OI of the market is `121,352cr and the stock
futures OI is `33,617cr.
Few liquid stocks where CoC is positive are MTNL,
3IINFOTECH, NATIONALUM, GTLINFA. KFA
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FIIs formed some short positions in the Index futures
and the stock futures. They were net buyers of `517cr
in the cash market segment.
In the last trading session, the 5700 and 5800 call
options added significant open interest. On the other
hand, the 5400 and 5500 put options are showing
considerable build up. Some unwinding was
observed in the 5600 put option.
M&M is trading around its resistance of `710-720.
Some unwinding was observed in the counter. We
may see a negative move up to `670-675. Traders
can trade with negative bias with stop loss of `730.
US markets closed down around 0.5% and most of
the Asian markets are also negative. Although we
may see correction around 5600 levels, avoid
forming short positions. Even traders can buy some
stocks around those levels.
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