Nifty Put Call ratio (OI) stands at 0.90 - Microsec

The Nifty opened lower on Wednesday and fell sharply lower up to 5120 in early trade. However a sharp recovery was witnessed thereafter and the index recovered by almost 200 points to close near flat.

INR fell the most in 20 years vis-à-vis the USD to close at 68.80. Huge FII selling of Rs 1120 crs was witnessed again in cash market.

Nifty Call options of strike 5100 and 5200 had build up of 32980 lots and 45836 lots respectively while Put options of strike 5300 shed open interest by 67035 lots.

Nifty Put Call ratio (OI) stands at 0.90 with the total open interest in Call options at 1,893,301 lots and that in Put options at 1,712,038 lots.

Cairn India, GMR Infrastructure, DLF Ltd, OFSS, Biocon Ltd, Colgate Palmolive, Divi's Laboratories and Infosys Technologies appear relatively strong while India Cements, Coal India, Future Retail and GAIL are likely to remain weak.

Volatility Index rose further by 10.06% from 29.42 to 32.38.

Source : Equity Bulls

Keywords