June 26, 2012
The Nifty futures open interest increased by 11.60% whileBankNifty futures open interest is decreased by 0.86% asmarket closed at 5114.65 levels.
The Nifty June future closed at discount of 5.35 pointagainst a premium of 5.10 points. The July series closedat a premium of 19.00 points.
The Implied Volatility of at the money options isincreased from 17.50% to 19.95%.
The PCR-OI has decreased from 1.52 to 1.45 levels.
The total OI of the market is
1,38,059/-cr. and thestock futures OI are
Few of the liquid counters where we have seen high cost-of-carry are ABGSHIP, JINDALSOA, ALOKTEXT, GRASIMand TTML.
Nifty Vs OIOI Gainers
27120000 17.24 114.75 -2.17
3375000 13.87 224.65 2.23
8573000 13.25 339.10 -0.34
826000 12.53 122.85 2.63
3606500 12.12 464.85 -1.65
SCRIP PCR-OI PCR-VOL
NIFTY 1.45 1.04BANKNIFTY 0.95 0.86SBIN 0.77 0.51TATAMOTORS 0.50 0.52RELIANCE 0.79 0.60
FII’s were net buyers in cash market segment; theywere net buyers worth of
153/- cr. On derivativesfront they were net sellers in index futures worth of
73/- cr. only with significant buildup in open interestindicating a mix of long and short both, while inindex options they were net buyers.
On options front 5200 call option have seen decentbuildup in open interest and 5000 call option haveseen some unwinding, while in put option not muchof buildup was observed except 5200 strike price andconsiderable amount of unwinding was seen in 4900put option in yesterday’s trading session.
Among the large cap banks AXISBANK is the counterwhere we have not seen much formation of longpositions in the recent up move. However the counterin last two trading session has seen some shortbuildup followed by some long unwinding withdecrease in CoC. We feel the stock could see someselling pressure at higher levels which could take thecounter to around
960. Go short at around
1010-1020 with the stop loss of
CIPLA 23.89BOSCHLTD 19.98BRFL 25.35EDUCOMP 69.39JINDALSAW 33.30
3222000 -14.03 139.55 0.79
3242000 -10.69 127.55 -4.56
210500 -10.23 356.00 0.56
200000 -9.09 439.10 1.18
855500 -8.36 413.70 -1.66