Nifty April futures premium decreased to 5.15 points - Karvy

Nifty April futures premium decreased to 5.15 points from 5.75 points. Futures added 8 lac shares in OI.

Nifty May futures premium increased to 24.30 points from 24.30 points. Futures added 1 lac shares in OI.

Nifty historical volatility rose to 17.50% from 17.20%.

Nifty put options added 34 lac shares in open interest, while Nifty call options added 3 lac shares.

Nifty put options implied volatility IV decreased to 17.95% from 18.52%, while Nifty call options' IV decreased to 15.15% from 15.80%.

Nifty VIX fell to 16.49% from 16.82%.

The US markets closed on a positive note in yesterday's trade while Asian markets are currently trading in the green. Hence, Nifty is expected to open positive as indicated by SGX Nifty. Trade long in the Nifty above 5580 or else from 5550 with the stop loss placed at 5530 for targets of 5600 and 5620 levels.

Nifty Options: Sell Nifty Apr 5600 CE @ 56-59; stop loss: 5650 (spot); Targets: 27-30, TF: 5-7 days.

Source : Equity Bulls

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