Nifty January Futures Premium decreases to 30.05 points - Karvy

- Nifty January futures premium decreased to 30.05 points from 42.40 points.

- Nifty February futures premium decreased to 68.65 points from 82.15 points.

- Nifty historical volatility fell to 13.77% from 14.20%.

- Nifty put options added 20 lac shares in open interest, while Nifty call options added 18 lac shares.

- Nifty put options implied volatility IV increased to 12.95% from 12.43%, while Nifty call options' IV decreased to 13.78% from 15.52%.

- Nifty VIX fell to 13.47% from 13.71%.

The US markets closed negative yesterday, while Asian markets are currently trading mixed. Hence, Nifty is expected to open flat to positive as indicated by SGX Nifty. Trade long in the Nifty above 6010 or else on dips around 5980 levels with stop loss placed at 5950 for targets of 6030 and 6050.

Nifty Options: Sell Nifty Jan 5900 PE @ 36-38; stop loss: 5900 (spot); Targets: 18-20, TF: 5-7 days.

Source : Equity Bulls

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