Index options PCR is at 1.20 v/s 1.05 & F&O Total PCR is at 0.94 - Axis Securities
HIGHLIGHTS:
Nifty Options OI Distribution
Nifty futures closed at 14958 on a positive note with 3.90% increase in open interest indicating Long Build Up. Nifty Futures closed at a premium of 39 points compared to previous day premium of 36 points. BankNifty closed at 35455 on a positive note with 7.23% increase in open interest indicating Long Build Up. BankNifty Futures closed at a premium of 35 points compared to the previous day premium of 29 points
FII's were Sellers in Index Futures to the tune of 1894 crores and were Sellers in Index Options to the tune of 1802 crores, Buyers in the Stock Futures to the tune of 1608 crores. Net Sellers in derivative segment to the tune of 1960 crores.
India VIX index is at 23.60 v/s 25.63.Nifty ATM call option IV is currently 20.95 whereas Nifty ATM put option IV is quoting at 22.88
Nifty Options - Change in OI
Index options PCR is at 1.20 v/s 1.05 & F&O Total PCR is at 0.94
Among stock futures Long Build up are MPHASIS, LTTS, CUB & ALKEM may remain strong in coming session.
Stock which witnessed Short Build up are GRANULES, IRCTC, DRREDDY & JINDALSTEL may remain weak in coming session.
Nifty Put options OI distribution shows that 14000 has highest OI concentration followed by 14500 & 14700 which may act as support for current expiry.
Nifty Call strike 16000 followed by 15500 witnessed significant OI concentration and may act as resistance for current expiry.
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