Nifty Futures Open Interest decreases by 1.42% - Angel Broking

The Nifty futures open interest decreased by 1.42% while BankNifty futures open interest is increased by 6.29% as market closed at 6058.60 levels.

The Nifty Jan. future closed at premium of 22.70 point against a premium of 33.45 points. The Feb. series closed at a premium of 62.40 points.

The Implied Volatility of at the money options is decreased from 12.06% to 11.66%.

Nifty PCR-OI has increased from 1.07 to 1.09 levels.

The total OI of the market is Rs.1,51,545/- cr. and the stock futures OI are Rs.39,468 /- cr.

Few of the liquid counters where we have seen high cost of carry are RENUKA, GMRINFRA, WELCORP, ASHOKLEY and HEXAWARE.

Source : Equity Bulls

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