Bank Nifty Futures open interest increases by 4.72% - Angel Broking

The Nifty futures open interest increased by 4.18% while BankNifty futures open interest is increased by 4.72% as market closed at 5594.00 levels.

The Nifty Apr. future closed at premium of 0.80 point against a premium of 5.15 points. The May series closed at a premium of 20.25 points.

The Implied Volatility of at the money options has decreased from 16.21% to 16.17%.

Nifty PCR-OI has increased from 0.88 to 0.93 levels.

The total OI of the market is Rs. 1,40,740/- cr. and the stock futures OI is Rs.26,719/- cr.

Few of the liquid counters where we have seen high cost of carry are GMRINFRA, UNITECH, INDIACEM, MRF and PUNJLLOYD.

Source : Equity Bulls

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