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The Nifty futures’ open interest decreased by 0.34%
while Minifty futures’ open interest decreased by
7.47% as market closed at 5998.80 levels.
The Nifty Nov future closed at a premium of 32.80
points, against a premium of 6.25 points in the last
trading session. On the other hand, Dec future closed
at a premium of 61.10 points.
The PCR-OI increased from 1.05 to 1.08 points.
The Implied volatility of At-the-money options
increased from 19.00% to 19.50%.
The total OI of the market is `1,73,473cr and the
stock futures OI is `48,601cr.
Few liquid counters where cost of carry is positive are
COREPROTEC, AUROPHARMA, ABIRLANUVO, ACC
and TV-18.
View
Although FIIs have formed short positions in the
Index futures, they formed some longs in the stock
futures. They were net sellers of `453cr in the cash
market segment.
Yesterday, unwinding was observed in many call
options, and the 6000 and 6100 put options.
ABAN added around 7% open interest in the last
trading session. Stock is trading around its support.
CoC has also increased considerably. We may see
a positive move up to `850. Thus, traders can form
long positions around current levels with a stop loss
of `775.
After continuous short formations from higher
levels, some buying was observed in HINDZINC.
We may see a positive move up to `1235-1240.
Traders can trade with positive bias with a stop loss
of `1180.
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