Nifty gains 0.34% in last week - ZENMoney

Nifty traded on a positive note amid buying interest in select frontline stocks, Nifty gained by 0.34% to closed at 6029.20 during the week.

Nifty Futures for the Jul Series were trading at a premium of 13.35 points as against a discount of 1.75 points. Futures open interest has increased to 1.52 crore shares, which indicates closure of short positions, during the week.

Open interest of all Call options for the Jul series has decreased to 2.98 Crore shares, while the average implied volatility has increased to 22.27%, which indicates closure of short positions, during the week.

Call options strikes from 6200 has seen closure of open interest, for the Jul series over the weekend.

Open interest of all Put options for the Jul series has increased to 5.14 Crore shares, while the average implied volatility has decreased to 22.36%, which indicates addition of short positions, during the week.

Put options strikes 5900 and 6000 have seen addition of open interest, for the Jul series over the weekend. Nifty Put-Call ratio of open interest has increased to 1.72 for the Jul series, which indicates addition of open interest in put options, during the week.

FIIs were net buyers in the F&O segment, to the tune of Rs. 1295 Crore during the week.

Overall derivatives data for the Jul series indicates that Nifty Futures and Call options have seen closure of short positions, while Put options have seen addition of short positions, during the week.

Source : Equity Bulls

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