Nifty gains 0.38% to close at 6169.90 levels - ZEN Money

Nifty traded on a positive note amid buying interest in select frontline stocks. Nifty gained by 0.38% to close at 6169.90 levels, in the previous trading session.

Nifty Futures for the May Series were trading at a premium of 8.15 points as against a premium of 14.75 points. Futures open interest has increased to 2.56 cr shares, which indicates addition of short positions, in the previous trading session.

Open interest of all Call options for the May series has increased to 3.95 Crore shares, the average implied volatility has decreased to 13.91%, which indicates addition of short positions, in the previous trading session.

Call options strikes from 6400 has seen addition of open interest, for the May series in the previous trading session.

Open interest of all Put options for the May series has increased to 5.54 Cr shares, the average implied volatility has increased to 22.64%, which indicates addition of long positions, in the previous trading session.

Put options strikes of 6000 to 6200 has seen addition of open interest, for the May series in the previous trading session.

Nifty Put-Call ratio of open interest has decreased to -1.40 for the May series, which indicates closure of open interest in call options, in the previous trading session.

FIIs were net sellers in the F&O segment, to the tune of Rs -642 Cr in the trading session.

Overall derivatives data for the May series indicates that Nifty Futures and Call options have seen addition of short positions, while Put options have seen addition of long positions, in the previous trading session.

Source : Equity Bulls

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