Nifty gains 0.76% to close at 6077.80 levels - ZENMoney

Nifty traded on a positive note amid buyling interest in select frontline stocks. Nifty gained by 0.76% to close at 6077.80 levels, in the previous trading session.

Nifty Futures for the Jul Series were trading at a premium of 9.20 points against a premium of 11.75 points. Futures open interest has decreased to 1.18 Cr shares, which indicates closure of short positions, in the previous trading session.

Open interest of all Call options for the Jul series has decreased to 2.61 Crore shares, the average implied volatility has increased to 24.91%, which indicates closure of short positions, in the previous trading session. Call options strikes of 6000 has seen closure of open interest, for the Jul series in the previous trading session.

Open interest of all Put options for the Jul series has decreased to 5.13 Cr shares, the average implied volatility has decreased to 18.91%, which indicates closure of long positions, in the previous trading session. Put options strikes of 6000 and 6100 have seen addition of open interest, for the Jul series in the previous trading session.

Nifty Put-Call ratio of open interest has increased to 1.97 for the Jul series, which indicates addition 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 1413 Cr in the Previous trading session.

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 closure of long positions, for the Jul series in the previous trading session.

Source : Equity Bulls

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