Nifty gains 1.92% to close at 5808.40 levels - ZENMoney

Nifty traded on a positive note amid buying interest in select frontline stocks. Nifty gained by 1.92% to close at 5808.40 levels, in the previous trading session.

Nifty Futures for the Jun Series were trading at a discount of 2.45 points as against a premium of 6.35 points. Futures open interest has decreased to 1.56 cr shares, which indicates closure of long positions, in the previous trading session.

Open interest of all Call options for the Jun series has decreased to 4.68 Crore shares, the average implied volatility has decreased to 15.64%, which indicates closure of long positions, in the previous trading session.

Call options strikes of 5700, 5900 and 6100 have seen closure 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 4.34 Cr shares, the average implied volatility has increased to 24.09%, which indicates addition of long positions, in the previous trading session.

Put options strikes of 5700 and 5800 have seen addition of open interest, for the Jun series in the previous trading session.

Nifty Put-Call ratio of open interest is increased to 0.93 for the Jun series, which indicates addition of open interest in put options, in the previous trading session.

FIIs were net buyers in the F&O segment, to the tune of Rs 1972 Cr in the Previous trading session.

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

Source : Equity Bulls

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