Nifty traded on negative note amid selling pressure on frontline stocks - ZEN Money

Nifty traded on a negative note amid selling pressure in select frontline stocks. Nifty lost by -0.49% to close at 6156.90 levels, in the previous trading session.

Nifty Futures for the May Series were trading at a premium of 7.95 points as against a premium of 8.80 points. Futures open interest has increased to 2.57 cr shares, which indicates addition of long positions, in the previous trading session.

Open interest of all Call options for the May series has decreased to 3.88 Crore shares, the average implied volatility has increased to 14.05%, which indicates closure of short positions, in the previous trading session.

Call options strikes from 5900 to 6200 have seen closure of open interest, for the May series in the previous trading session.

Open interest of all Put options for the May series has decreased to 5.32 Cr shares, the average implied volatility has increased to 22.36%, which indicates closure of short positions, in the previous trading session.

Put options strikes of 5500 and 6000 have seen closure of open interest, for the May series in the previous trading session.

Nifty Put-Call ratio of open interest has decreased to 1.37 for the May series, which indicates addition of open interest in call options, in the previous trading session.

FIIs were net buyers in the F&O segment, to the tune of Rs 1068 Cr in the trading session.

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

Source : Equity Bulls

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