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Published on 20/01/2020 9:30:41 AM | Source: Geojit Financial Services Ltd

Nifty premium rose to 32.3 points from previous day's 18.85 points - Geojit Financial

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F&O OUTLOOK

Review

Nifty futures closed at 12384.65 with a marginal gain of 0.08% on Thursday. Open interest of the current month expiry added by 2.15 lakh shares indicating long build ups in the markets. Nifty premium rose to 32.3 points from previous day's 18.85 points. Put-Call ratio declined from Thursday's 1.59 to 1.46 amid covering of Put options in the ATM and OTM strikes. India's Volatility index, VIX slipped by 0.39% to end the day at 14.1275 from last day's 14.1825. Maximum Call OI was seen at 12,400 level while maximum OI in the Put options was at 12,300 strike.

 

Nifty Outlook: Low IVs may keep range intact

Nifty option spectrum shows that traders are favouring sell positions, amidst declining IVs with both calls as well as puts seeing short build up in both weekly as well as monthly contracts. Meanwhile, FIIs were seen adding the most into negative bets, mostly in index call shorts and put longs, which rose by 17929 and 21466 contracts respectively. Their index future shorts positon was the only one which saw exits, which saw OI cut by 2.58%. 12000 and 12500 strikes continue to see the maximum build up, forming the extremities for the near term range.

 

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