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The Nifty futures’ open interest increased by 5.89%
while Minifty futures’ open interest decreased by
5.27% as market closed at 6105.80 levels.
The Nifty Oct future closed at a premium of 30.40
points, against a premium of 23.70 points in the last
trading session. On the other hand, Nov future closed
at a premium of 56.55 points.
The PCR-OI increased from 1.20 to 1.23 points.
The Implied volatility of At-the-money options for
October series remained same at 18.00%, while for
November series it was 20.00%
The total OI of the market is `1,93,126cr and the
stock futures OI is `55,235cr.
Rollover for Nifty futures is 29.16%, Minifty futures is
35.59%, while market-wide rollover is 32.87%.
View
FIIs’ views were divided in the Index futures. Some
were forming fresh longs while some were forming
fresh shorts, as build up was around 10% and gross
activity was also high.
Yesterday, some unwinding was observed in the
6000 call option and build up was observed in the
6200 put option. In November series 6200 call
option and 5800 put options have highest open
interest.
LITL has its immediate support around current
levels. Short covering is expected in this stock. Thus,
traders can trade with positive bias around Rs66 for
the target of Rs71 with a stop loss of Rs64.
In the past two trading sessions UNITECH added
around 20% open interest. We may see some
positive move in the stock. So, it is advisable to use
90 call option of October expiry to trade with
positive bias.
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