Nifty loses 0.36% to close at 5588.70 - ZENMoney

Nifty traded on a negative note amid selling pressure in select frontline stocks. Nifty lost by -0.36% to close at 5588.70 levels, in the previous trading session.

Nifty Futures for the Jul Series were trading at a discount of 0.50 points as against a premium of 10.05 points. Futures open interest has increased to 0.98 cr shares, which indicates addition of short positions, in the previous trading session.

Open interest of all Call options for the Jul series has increased to 1.80 Crore shares, the average implied volatility has decreased to 14.91%, which indicates addition of short positions, in the previous trading session.

Call options strikes of 5600 to 5800 have seen addtion of open interest, for the Jul series in the previous trading session. Open interest of all Put options for the Jul series has increased to 2.21 Cr shares, the average implied volatility has increased to 24.36%, which indicates addition of long positions, in the previous trading session.

Put options strikes of 5500 has seen addition of open interest, for the Jul series in the previous trading session. Nifty Put-Call ratio of open interest is decreased to 1.23 for the Jul series, which indicates closure 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 514 Cr in the Previous trading session.

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

Source : Equity Bulls

Keywords