Nifty Future Open Interest decreases 1.93% - Aditya Birla Money

Nifty Futures open interest saw a decrease of around 1.93% and Nifty Futures saw an increase of 0.33%: Indicating Short Covering in NIFTY Futures.

India VIX saw a decrease of around 4.67%: Indicating positiveness for the market.

The PCR for Nifty based on open interest saw an increase and stands at 1.05 as compared to 1.03 as on the previous trading session: Indicating positiveness for the market.

Nifty Futures is trading at a premium of 41-42 points as compared to a premium of 35-36 points as on the previous trading session: Indicating positiveness for the market.

High put option open interest build up of around 6.3 mn is seen at 5900 strike: Indicating that traders are betting on 5875-5900 to act as strong support.

High call option open interest build up of around 5.7 mn is seen at 6100 strike: Indicating that traders are betting on 6100-6145 to act as strong resistance.

In call options 6100 strike saw addition in open interest of around 0.24 mn: Further indicating that 6100 is likely to act as resistance.

In put options 5900 strike saw addition in open interest of around 0.15 mn: Further indicating 5900 is likely to act as support.

Securities in Ban for Trade are: - IFCI, KTKBANK, RENUKA and SUZLON.

Source : Equity Bulls

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