BankNifty futures open interest increases by 1.41% - Angel Broking

The Nifty futures open interest increased by 3.44% while BankNifty futures open interest is increased by 1.41% as market closed at 5287.45 levels.

The Nifty August future closed at discount of 2.65 point against a discount of 9.40 points. The September series closed at a premium of 14.90 points.

The Implied Volatility of at the money options has increased from 24.38% to 29.65%.

Nifty PCR-OI has decreased from 0.95 to 0.88 levels.

The total OI of the market is Rs. 1,72,943/- cr. and the stock futures OI is Rs. 32,093/- cr.

Few of the liquid counters where we have seen high cost of carry are ASHOKLEY, JPPOWER, INDIACEM, RAYMOND, GMRINFRA.

Source : Equity Bulls

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