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The Nifty futures’ open interest increased by 2.01% while
Minifty futures’ open interest increased by 0.08% as
market closed at 6146.35 levels.
The Nifty Jan future closed at a premium 13.75 of
points, against a premium of 24.75 points in the last
trading session. On the other hand, Feb future closed at
a premium 39.70 of points.
The PCR-OI has decreased from 1.41 to 1.37points.
The Implied volatility of At-the-money options for Jan
expiry increased from 14.50% to 15.50%.
The total OI of the market is `1,17,119cr and the stock
futures OI is `38,080 cr.
Few liquid counters where cost of carry is positive are
PATELENG, PANTALOONR, APOLLOTYRE,
ADANIPOWER, NHPC.
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Despite flat markets FII’s continue to buy in cash
market. They were buyers to the tune of Rs. 717
crores. Interestingly they are also shorting single stock
futures and the way we saw built up in SBIN
yesterday we estimated that they are shorting the
counter.
Implied volatility of Nifty puts has further reduced
yesterday. We are not suggesting shorting this market
as of now but we advice to buy 6200 put against
single stock futures long positions.
BPCL has been underperformer due to diesel
deregulation taking back seat as well as crude
increasing significantly. We have witnessed
substantial built up in last trading session in the
counter near to its strong support zone of 640-650.
Go long with stop loss of Rs. 632 and target of Rs.
688.
Most of the FMCG has been doing good since last 4-
5 trading sessions but COLPAL has been sideways.
Now we are witnessing formation of positions and
CoC suggests that these are long. Though not very
liquid in FNO segment we suggest to trade with
positive bias in this counter in cash segment with
Target of Rs. 909 and stop loss of Rs. 852.
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