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The Nifty futures’ open interest decreased by 0.26%
while Minifty futures’ open interest increased by 4.43%
as market closed at 6160.50 levels.
The Nifty Nov future closed at a premium of 30.75
points, against a premium of 36.95 points in the last
trading session. On the other hand, Dec future closed
at a premium of 55.05 points.
The PCR-OI increased from 1.29 to 1.33 points.
The Implied volatility of At-the-money options
increased from 20.00% to 20.25%.
The total OI of the market is `1,50,482cr and the
stock futures OI is `48,065cr.
Few liquid counters where cost of carry is positive are
COREPROTEC, GTL, TTML, OPTOCIRCUI and
RENUKA.
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Although the FIIs’ activity was not much in the
futures segment, their net buying in the cash
segment was `988cr. US markets closed flat. As
suggested by SGX Nifty we may see flattish to
positive opening.
Yesterday, the 6400 and 6500 call options, and
6200 and 6300 put options added considerable
open interest.
GAIL added around 50% open interest after Oct
expiry. The stock is consolidating around current
levels. We may see a positive move in the stock up
to `510. Positional traders can form long positions
with a stop loss of `480.
EDUCOMP is showing some strength around
current levels. We expect a positive move in the
stock. Thus, traders can trade with positive bias for
the target of `580, with a stop loss of `540.
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