Nifty May Futures closed at premium of 16.30 points - Angel Broking

The Nifty futures open interest increased by 5.41% while BankNifty futures open interest is increased by 1.78% as market closed at 5871.45 levels.

The Nifty May future closed at premium of 16.30 point against a premium of 5.5 points. The Jun series closed at a premium of 26.05 points.

The Implied Volatility of at the money options has decreased from 13.26% to 13.10%.

Nifty PCR-OI has remained unchanged at 1.05 levels.

The total OI of the market is Rs. 1,06,311/- cr. and the stock futures OI is Rs.24,846/- cr.

Few of the liquid counters where we have seen high cost of carry are ASHOKLEY, JPASSOCIAT, DENABANK, IGL and IFCI.

Source : Equity Bulls

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