Aug 22, 2012
The Nifty futures open interest increased by 3.83% whileBankNifty futures open interest is decreased by 1.04% asmarket closed at 5421.00 levels.
The Nifty Aug. future closed at premium of 20.90 pointagainst premium of 16.05 points. The Sept. series closedat a premium of 46.75 points.
The Implied Volatility of at the money options isincreased from 12.47% to 13.13%.
Nifty PCR-OI is increased from 1.18 to 1.27 levels.
The total OI of the market is
1,51,538/- cr. and thestock futures OI are
Few of the liquid counters where we have seen highCost-of-Carry are TTML, JPPOWER, SOUTHBANK,GUJFLUORO and GMRINFRA.
Nifty Vs OIOI Gainers
1938000 27.67 132.45 7.17
2368500 24.07 343.15 -4.07
16786000 21.15 73.50 -2.63
30394000 14.27 112.35 -1.18
7936000 12.22 95.20 4.67
SCRIP PCR-OI PCR-VOL
NIFTY 1.27 1.22BANKNIFTY 0.79 0.64SBIN 0.36 0.57INFY 0.92 0.50ICICIBANK 0.93 0.46
FII’s were net buyers in cash market segment; theywere net buyers worth of
141/- cr. On derivativesfront they were net buyers in index futures with somebuildup in open interest indicating long buildup bythem, while in index option they were net sellers inyesterday’s trading session.
On options front most of the call option has seenunwinding of positions especially in 5300 call optionwhere we have seen maximum unwinding in openinterest, while in put option significant amount ofbuildup was observed in 5300-5500 strike price inyesterday’s trade. 5300 put option has now highestopen positions for this series.
The recent bounce in MARUTI was mainly due toshort covering and in last few trading session thestock has seen some shorts getting buildup at higherlevel.
1200-1220 is the strong resistance for thisstock and hence can see some selling pressure in thiscounter around that level. Hence we recommend togo short on this stock with the target price of
1120and stop loss at
HINDZINC 44.70NTPC 28.51CANBK 36.11PIRHEALTH 29.89RELCAPITAL 54.78
2396000 -19.87 124.50 0.85
1532000 -9.24 66.30 4.09
3584000 -8.29 73.00 2.45
824000 -5.94 186.50 1.33
4048000 -5.33 165.55 0.73