Jan 03, 2013
The Nifty futures open interest increased by 1.75% whileBankNifty futures open interest is increased by 5.32% asmarket closed at 5993.25 levels.
The Nifty Jan. future closed at premium of 42.40 pointagainst a premium of 56.65 points. The Feb. seriesclosed at a premium of 82.15 points.
The Implied Volatility of at the money options isdecreased from 12.47% to 12.45%.
Nifty PCR-OI has decreased from 1.02 to 0.99 levels.
The total OI of the market is Rs.1,26,301/- cr. and thestock futures OI are Rs.37,107 /- cr
Few of the liquid counters where we have seen high costof carry are NHPC, ADANIPORTS, RPOWER, ASHOKLEYand DISHTV.
Nifty Vs OIOI Gainers
172500 14.05 1527.05 -1.68
23636000 12.45 96.00 3.92
4410000 12.21 278.60 -1.13
3092000 12.03 133.00 0.07
21844000 10.37 166.65 3.44
SCRIP PCR-OI PCR-VOL
NIFTY 0.99 0.91BANKNIFTY 0.78 0.78SBIN 0.98 0.71RELIANCE 0.49 0.44INFY 0.73 0.62
Good amount of buying was observed by FII’s incash market segment; they were net buyers worth of
1,108/- cr. On derivatives front they formed goodamount of long buildup in both index futures and inindex options in yesterday’s trading session.
On options front significant amount of buildup wasseen in 6200-6400 call option followed by someunwinding in 6000 strike price which was mainly dueto short covering. While in put option 6100 strikeprice saw maximum buildup in open interest inyesterday’s trade.
CROMPGREAV has seen significant amount of shortpositions standing since last few expiries. After someshort covering bounce in October series the counterhas again seen decent amount of short buildup inNovember series at around
122-124 levels which isnow acting as stiff resistance. However in yesterday’strade the stock has seen crossing this level withbuildup in open interest and also with the help oflong buildup seen in this counter in last few tradingsession we feel the stock could resume its uptrend onback of short covering. Go long with the stop loss of
117 and target of
BAJAJ-AUTO 28.82SAIL 35.06BATAINDIA 24.77MARUTI 25.69SIEMENS 18.58
5752000 -13.01 177.70 1.08
5184000 -9.83 466.15 0.47
6852000 -8.49 204.25 0.98
20867000 -7.84 235.20 -0.21
2755500 -7.72 905.50 0.80