Nifty April Futures closes at premium of 5.50 point - Angel Broking

The Nifty futures open interest decreased by 2.35% while BankNifty futures open interest is increased by 10.41% as market closed at 5688.70 levels.

The Nifty Apr. future closed at premium of 5.50 point against a premium of 7.40 points. The May series closed at a premium of 22.55 points.

The Implied Volatility of at the money options has decreased from 15.38% to 14.12%.

Nifty PCR-OI has increased from 1.02 to 1.04 levels.

The total OI of the market is Rs. 1,52,519/- cr. and the stock futures OI is Rs.29,489/- cr.

Few of the liquid counters where we have seen high cost of carry are WELCORP, ASHOKLEY, LUPIN, INDIACEM and ALBK.

Source : Equity Bulls

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