Bank Nifty Futures open interest increased by 1.34% - Angel Broking

The Nifty futures open interest increased by 2.71% while BankNifty futures open interest is increased by 1.34% as market closed at 6094.50 levels.

The Nifty May future closed at premium of 9.55 point against a premium of 2.80 points. The June series closed at a premium of 19.60 points.

The Implied Volatility of at the money options has increased from 16.04% to 16.28%.

Nifty PCR-OI has decreased from 1.19 to 1.18 levels.

The total OI of the market is Rs. 1,69,140/- cr. and the stock futures OI is Rs.34,325/- cr.

Few of the liquid counters where we have seen high cost of carry are ULTRACEMCO, UCOBANK, POWERGRID, CAIRN and ITC.

Source : Equity Bulls

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