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The Nifty futures’ open interest increased by 9.58% while
Minifty futures’ open interest increased by 7.78% as
market closed at 4778.35 levels.
The Nifty Nov. future closed at a Premium of 4.95 point
against a Premium of 8.80 points. The December Series
closed at a Premium of 29.50 points.
The Implied Volatility of at the money options is
increased from 24.77% to 26.70%.
The PCR-OI has decreased from 1.04 points to 0.98
points.
The total OI of the market is `1,47,758.30cr. and the
stock futures OI are `31,327.60cr.
Few of the Liquid counters where we have seen high
rollover are GITANJALI, RUCHISOYA, TCS, ABAN and
TATASTEEL.
Though net activity of FII's in index futures was
minimal, their gross activity was quite high with
significant rise in open interest. This is very typical
during last week of expiry. They continue to sell in
cash market segment.
In Nov series 4900 and upward puts have witnessed
unwinding while built-up was visible in 4700 to 4900
calls. In Dec series 4800 and 4500 puts added
decent OI while good built-up was seen in 4800 and
5200 call but their base is far lesser than puts.
HEROMOTOCO yesterday added 42% in open
interest. It’s a defensive counter but we believe not all
positions are long. With overall market correcting so
significantly one can’t justify these higher price as
well as valuation levels in the counter. We suggest to
initiate positional short in counter in Dec series in the
range of `2170-2190 with stop loss of `2255 and
target of `2030.
Note:-Comment about rollovers in comment column....i.e. highest
rollovers in stock with liquidity more than 1000 contracts.
Historical Volatility
SCRIP HV
ABAN 82.61
JINDALSWHL 82.63
DELTACORP 84.53
VIPIND 108.52
BAJAJ-AUTO 35.41
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Comments
The Nifty futures’ open interest increased by 9.58% while
Minifty futures’ open interest increased by 7.78% as
market closed at 4778.35 levels.
The Nifty Nov. future closed at a Premium of 4.95 point
against a Premium of 8.80 points. The December Series
closed at a Premium of 29.50 points.
The Implied Volatility of at the money options is
increased from 24.77% to 26.70%.
The PCR-OI has decreased from 1.04 points to 0.98
points.
The total OI of the market is `1,47,758.30cr. and the
stock futures OI are `31,327.60cr.
Few of the Liquid counters where we have seen high
rollover are GITANJALI, RUCHISOYA, TCS, ABAN and
TATASTEEL.
Though net activity of FII's in index futures was
minimal, their gross activity was quite high with
significant rise in open interest. This is very typical
during last week of expiry. They continue to sell in
cash market segment.
In Nov series 4900 and upward puts have witnessed
unwinding while built-up was visible in 4700 to 4900
calls. In Dec series 4800 and 4500 puts added
decent OI while good built-up was seen in 4800 and
5200 call but their base is far lesser than puts.
HEROMOTOCO yesterday added 42% in open
interest. It’s a defensive counter but we believe not all
positions are long. With overall market correcting so
significantly one can’t justify these higher price as
well as valuation levels in the counter. We suggest to
initiate positional short in counter in Dec series in the
range of `2170-2190 with stop loss of `2255 and
target of `2030.
Note:-Comment about rollovers in comment column....i.e. highest
rollovers in stock with liquidity more than 1000 contracts.
Historical Volatility
SCRIP HV
ABAN 82.61
JINDALSWHL 82.63
DELTACORP 84.53
VIPIND 108.52
BAJAJ-AUTO 35.41
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