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The Nifty futures’ open interest increased by 2.29%
while Minifty futures’ open interest increased by
17.56% as market closed at 5890.30 levels.
The Nifty Nov future closed at a discount of 0.15
points, against a premium of 32.80 points in the last
trading session. On the other hand, Dec future closed
at a premium of 30.55 points.
The PCR-OI decreased from 1.08 to 1.00 points.
The Implied volatility of At-the-money options for
November series decreased from 19.25% to 18.50%.
The total OI of the market is `1,74,146cr and the
stock futures OI is `46,897cr.
Few liquid counters where cost of carry is positive are
COREPROTEC, TVSMOTOR, MTNL, WELCORP and
FORTIS.
View
In the last trading session, though the market
corrected sharply, FIIs and DIIs both were net
buyers in the cash market segment. FIIs have
covered some of their short positions in the Stock
futures.
Significant build up was observed in most of the call
options and unwinding was observed in many put
options in the last trading session.
After shorting from higher levels some unwinding
was witnessed in DLF. `300-305 is strong support
zone for the stock. We may see a positive move up
to `328. Positional traders can form long around
support with a stop loss of `293.
RPOWER is showing some shorting in it. Stock may
correct further up to `158. Therefore, it is advisable
to trade with negative bias around `170 with a stop
loss of `176.
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