Nifty Futures shed 4.11 lakh shares in OI - Geojit BNP Paribas Financial Services

The trading session fell into the red after the flat opening. Later market edged higher in early trade as index heavy weights RIL and ITC nudged higher. Volatility was witnessed as key bench mark indices swung between negative and positive zone. Key bench mark indices extended gains to hit fresh intraday high in afternoon as most Asian indices turned green. Market ended higher led by banking shares. Nifty closed at 5909 up around 58 points. In the domestic front Realty and Banking shares surged by over 2% followed by other counters like Capital Goods, PSU, Metal, Power, IT, Fmcg and Oil and Gas which all were gained by 1% each, While Consumer Durable index declined by almost 2%. The market breadth was on negative which were advancing 3013 shares and 1893 shares declining. Volatility index closed at 14.25 which was up around 6.82%.

Nifty futures closed at 5940. The nifty futures shed by 4.11 Lakh shares in the OI. The nifty PCR changed from 1.61 to 1.49. The implied volatility of nifty call stood at 13.87 and that of put stood at 11.22. Profit booking was seen in the ITM call options and addition of long positions in the OTM call options. Additions of short positions were seen both in the ITM and OTM put options. Nifty 6000 call option shed by 1.63 Lakh shares and as that 6100 call option added by 6.13 Lakh shares in the OI. Nifty 5900 put option shed by 7.05 lakh shares and 6000 put option added by 5.60 Lakh shares in the OI.

In the Nifty futures Maruti was up around 3.55% added by 0.36 lakh shares in the OI showing addition of long position. Sbin was up around 3.47% added by 1.50 lakh shares in the OI showing addition of long position. Bajaj Auto was down around 2.22% added by 0.36 lakh shares in the OI showing addition of short position.The stocks ban in the F$O position is Punjlloyd, Hdil etc.The FIIs were net Sellers of Rs 2532cr.

Source : Equity Bulls

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