Nifty April Futures premium increased to 18.80 points - Karvy

Nifty April futures premium increased to 18.80 points from 18.45 points. Futures added 10 lac shares in OI.

Nifty May futures premium increased to 41.25 points from 38.90 points. Futures added 1 lac shares in OI.

Nifty historical volatility fell to 17.49% from 17.95%.

Nifty put options shed 3 lac shares in open interest, while Nifty call options added 51 lac shares.

Nifty put options implied volatility IV decreased to 15.63% from 16.10%, while Nifty call options' IV increased to 15.88% from 15.84%.

Nifty VIX rose to 16.16% from 15.85%.

The US markets closed on a negative note in Friday's trade while Asian markets are currently trading in the red. Hence, Nifty is expected to open gap down as indicated by SGX Nifty. Trade short in the Nifty below 5530 or else from 5550 with the stop loss placed at 5580 for targets of 5500 and 5470 levels. Alternatively, trade long if the Nifty crosses 5600, targeting resistance levels.

Nifty Options: Sell Nifty Apr 5600 CE @ 52-55; stop loss: 5630 (spot); Targets: 28-31, TF: 2-3 days.

Source : Equity Bulls

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