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The Nifty futures’ open interest increased by 1.47%
while Minifty futures’ open interest increased by
21.77% as market closed at 5988.70 levels.
The Nifty Nov future closed at a premium of 6.25
points, against a premium of 18.65 points in the last
trading session. On the other hand, Dec future closed
at a premium of 38.45 points.
The PCR-OI decreased from 1.15 to 1.05 points.
The Implied volatility of At-the-money options for
November series increased from 18.00% to 19.00%.
The total OI of the market is `1,72,927cr and the
stock futures OI is `48,193cr.
Few liquid counters where cost of carry is positive are
COREPROTEC, IRB, GTL, ALOKTEXT and
CROMPGREAV.
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Although FIIs did some short covering in the Index
futures and the stock futures, they were net sellers
of `197cr in the cash market segment.
In the last trading session, significant build up was
observed in most of the call options and unwinding
was observed in many In-the-money put options.
On the other hand, the 5800 and 5900 puts added
considerable open interest.
Significant unwinding was observed in ALBK from
higher levels. Cost of carry also turned from
positive to negative. Correction up to `240 can be
expected. Thus, traders can trade with negative bias
in it with a stop loss of `266.
After unwinding from higher levels, some build up
was observed in ITC. Stock is trading around is
support levels. We may see a positive move up to
`178. Thus, trading with positive bias is advisable
with a stop loss of `166.
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