Research_4u
Anamika Rai
Market Internals
Derivative Activity:
ON CALL OPTION FRONT:
ON PUT OPTION FRONT:
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- FII were net buyer in Cash market by amount of only 413cr even after a stellar rally.
- DII were net seller by 317cr in cash market.
- Short covering in Bank nifty future & fresh long position in nifty future were seen by FII.
- Aggressive writing was seen at 6200put option which accumulates 22 lacs amount in open interest yet some buying was seen in puts by FII at lower levels to hedge their long position.
- 6250 is intraday support for spot nifty to take fresh long position for upside of 6330 yet below 6250 some weakness is expected.
- Dollar Index placed at 80.61 mark while US 10-yr treasury yield placed at 2.84 mark.
- Market is likely to open on softer note due to weakness in US market yet this would be a buying opportunity as nifty trades above 6250.
Derivative Activity:
- Nifty closed at 6273 mark while nifty January future closed at 6285 mark with premium of 12 points.
- Nifty (Feb) Contract closed at 6319 level with premium of 46 points.
- The cost of carry for January month contract placed at 4.11% vs. 2.30%, whereas total OI is positioned at 18995550, where nifty January future adds 3% in open interest.
- At the money option implied volatility placed at 14.14% vs. 14.04%.
ON CALL OPTION FRONT:
- On call option front highest open interest is positioned at 6300 mark which is immediate resistance.
- Short covering was seen almost all levels.
ON PUT OPTION FRONT:
- On put option front highest open interest has shifted to 6200 level which is now an significant support on immediate basis.
- Aggressive writing was seen at 6200 & 6300 mark which accumulate 22 lacs & 8 lacs amount in open interest respectively.
- IndiaVix was up by 2.37% which closed at 15.95 level.
- PCR OI placed at 1.02 mark while PCR volume stands at 1.07 mark.
- VIX/PCR ratio stands at 15.79 level which shows comfort among the traders.
Original Post