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The Nifty futures’ open interest increased by 8.78%
while Minifty futures’ open interest increased by 7.83%
as market closed at 5799.75 levels.
The Nifty Dec. future closed at premium of 48.35
points, against a premium of 20.25 points in the last
trading session. On the other hand, Jan. future closed
at a premium of 65.30 points.
The PCR-OI decreased from 0.97 to 0.80 points.
The Implied volatility of At-the-money options for
December series decreased from 21.00% to 19.60%.
The total OI of the market is `1,82,267cr and the
stock futures OI is `45,248cr.
Rollover for Nifty futures is 75.04%, Minifty futures is
68.04%, while market-wide rollover is 82.93%
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Again FIIs did selling in the index futures and
buying in the stock futures. They were net sellers of
`1,208cr in the cash market.
Yesterday, significant build up was observed in the
5900 to 6100 call options and 5500 to 5700 put
options of December series. In this series 6000 call
option and 5600 put options have highest open
interest. This suggests that range of the market has
shifted downward.
In the last trading session, a blend of long
unwinding and shorting was observed in the
market. Rollover is high in most of the stocks in
percentage terms but absolute open interest has
reduced significantly.
ASHOKLEY rollover is less both ways, in percentage
and absolute open interest. Unwinding was also
observed in the stock. We may see a negative move
up to `69. Positional traders can form short around
`75 with a stop loss of `78.
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