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The Nifty futures’ open interest decreased by 4.04%
while Minifty futures’ open interest decreased by
12.64% as market closed at 6194.25 levels.
The Nifty Nov future closed at a premium of 38.30
points, against a premium of 32.60 points in the last
trading session. On the other hand, Dec future closed
at a premium of 72.15 points.
The PCR-OI decreased from 1.37 to 1.26 points.
The Implied volatility of At-the-money options for
November series increased from 16.00% to 16.50%.
The total OI of the market is `1,67,226cr and the
stock futures OI is `51,736cr.
Few liquid counters where cost of carry is positive are
COREPROTEC, GTL, VOLTAS, ISPATIND and
GMDCLTD.
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FIIs did some long unwinding in the Index futures
and formed some short positions in the stock
futures. Global cues are weak. We may see a
negative opening today.
Yesterday, significant build up was observed in the
6200 and 6300 call options and unwinding was
observed in the 6200 and 6300 put options.
However, 6000 put added considerable open
interest.
ONGC has its support around `1,300. Stock has
some short positions too. Negative move around
`1,300-1,310 can be used to form long for the
target of `1,360. Keep a stop loss of `1,280.
ICICIBANK is showing some long unwinding from
higher levels. We may see further negative move in
the stock up to `1,200. It is advisable to trade with
negative bias with a stop loss of `1,265.
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