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The Nifty futures’ open interest decreased by 27.60%
while Minifty futures’ open interest decreased by
28.08% as market closed at 5751.95 levels.
The Nifty Dec future closed at premium of 26.20
points, against a premium of 48.35 points in the last
trading session. On the other hand, Jan future closed
at a premium of 49.80 points.
The PCR-OI increased from 0.80 to 1.26 points.
The Implied volatility of At-the-money options
increased from 19.60% to 20.00%.
The total OI of the market is `1,20,768cr and the
stock futures OI is `35,543cr.
Few liquid counters where cost of carry is positive are
GTLINFRA, STER, PANTALOONR, TATACOMM, and
ALOKTEXT.
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Although FIIs were net buyers in the Index futures
and the Stock Futures, they were net sellers of
`629cr in the cash market segment.
In the last trading session, most of the call and put
options added significant open interest. FIIs are
also buying the Index options to hedge their open
positions. Many stock call options also added a
considerable open interest which is more of selling.
APOLLOTYRE has a strong support around `62 and
the sector is also showing some strength. We may
see a positive move in the stock up to `70. Thus,
traders can trade with positive bias from its support
levels, with a stop loss of `58.
RELIANCE is showing further weakness. The 1,000
call option has highest open interest and we
observed some selling in it. Therefore, Positive
move around `990 can be used to form short for
the target of `940 with a stop loss of `1,015.
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