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The Nifty futures’ open interest decreased by 0.15%
while Minifty futures’ open interest increased by 6.49%
as market closed at 5903.70 levels.
The Nifty Dec future closed at a premium of 20.25
points, against a premium of 32.95 points in the last
trading session. On the other hand, Jan future closed
at a premium of 44.60 points.
The PCR-OI decreased from 1.21 to 1.14 points.
The Implied volatility of At-the-money options
increased from 16.15% to17.75%.
The total OI of the market is `1,44,708cr and the
stock futures OI is `38,951cr.
Few liquid counters where cost of carry is positive are
ALOKTEXT, ESCORTS, ALBK, BATAINDIA, and
PATELENG.
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FIIs have formed short positions in the Index futures.
They were net sellers of `1,485cr in the cash
market segment.
Yesterday, unwinding was observed in most of the
put options, while significant build up was observed
in the 5900 and 6000 call options.
UNIPHOS is trading around its support levels. Some
build up was also observed in the stock. We may
see a positive move up to `190-`192. Traders can
trade with positive bias with a stop loss of `174.
AXISBANK has significant short positions and
yesterday it added around 35% open interest. Avoid
forming fresh shorts, as short covering bounce may
pull up the stock.
RELCAPITAL had given a positive move only on the
back of short covering. Again shorting has been
observed in it. Positive move around `690 can be
used to trade with negative bias for the target of
`650 with a stop loss of `710.
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