Nifty May Futures closed at premium of 8.80 points

The Nifty futures open interest increased by 0.31% while BankNifty futures open interest is decreased by 2.72% as market closed at 6187.30 levels.

The Nifty May future closed at premium of 8.80 point against a premium of 8.15 points. The June series closed at a premium of 14.10 points.

The Implied Volatility of at the money options has decreased from 15.67% to 15.34%.

Nifty PCR-OI has increased from 1.25 to 1.26 levels.

The total OI of the market is Rs. 1,68,904/- cr. and the stock futures OI is Rs.33,984/- cr.

Few of the liquid counters where we have seen high cost of carry are PTC, GMRINFR, GAIL, NHPC and ADANIPOWER.

Source : Equity Bulls

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