Nifty gains as Reliance rises - ZENMoney

Nifty traded on a flat note amid selective buying in frontline stocks. Nifty gained by 0.07% to close at 5923.85 levels, in the previous trading session.

Nifty Futures for the Jun Series were trading at a premium of 14.45 points as against a premium of 12.90 points. Futures open interest has decreased to 1.32 cr shares, which indicates closure of short positions, in the previous trading session.

Open interest of all Call options for the Jun series has increased to 3.44 Crore shares, the average implied volatility has decreased to 14.27%, which indicates addition of short positions, in the previous trading session.

Call options strikes of 5900, 6100 to 6300 have seen addition of open interest, for the Jun series in the previous trading session. Open interest of all Put options for the Jun series has increased to 3.59 Cr shares, the average implied volatility has decreased to 18.18%, which indicates addition of short positions, in the previous trading session.

Put options strikes of 5600 to 5900 have seen addition of open interest, for the Jun series in the previous trading session.

Nifty Put-Call ratio of open interest is unchanged at 1.04 for the Jun series, which indicates addition 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 648 Cr in the Previous trading session.

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

Source : Equity Bulls

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