Long Build Up seen in Index Futures - Aditya Birla Money

In Index Futures FIIs were Net Buyers to the tune of Rs.912Cr with an open interest decrease of around Rs. 1249 Cr as compared to net selling to the tune of Rs. 3899 Cr with an open interest decrease of around Rs. 2378 Cr as of the previous trading week: Indicating Long Build Up in Index Futures by FIIs.

Nifty Futures open interest saw a decrease of around 6% and Nifty Futures saw a increase of around 2%: Indicating LONG BUILDUP in NIFTY Futures.

India VIX saw an decrease of around 20.55% Indicating positveness for the market.

The PCR for Nifty based on open interest went up to 1.15 as compared to 0.88: Indicating positveness for the market.

High put option open interest build up of around 6.4 mn and 9.4 mn is seen at 5900 and 5800 strikes respectively: Indicating that they will act as strong supports.

High call option open interest build up of around 5.7 mn and 5.6 mn is seen at 6000 and 6100 strikes respectively: Indicating that they will act as strong resistances.

Nifty is trading at a premium of 22 points as compared to a premium of 4 points: Indicating positiveness for the market.

Source : Equity Bulls

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