Nifty Trend

• The Nifty closed at 5353.30. Nifty future (June) closed at 5357.65 i.e. at a premium of 4.35 points vs. discount of
• 1.45 points and shredded -3273750 shares in open interest.
• The Nifty future (July) closed at 5364.40 i.e. at a premium of 11.10 points vs.0.95 points and added 3048600
• shares in open interest.
• The cost of carry is at +9.88% vs. -1.67%.
• Interpretation: The Nifty future prices ended in the positive terrain along with overall shredding of open interest
• and increase in the cost of carry, this is an indication that the market rose on account of short covering.
• The Historical Volatility of Nifty future is at 25.12% vs. 24.38% and the India Volatility Index (VIX) is at 19.41% vs.
• 19.96%.
• Nifty OI PCR is at 1.76 vs. and the Volume PCR is at 1.07 vs. 1.29.
  

• On the call options front we have seen addition of open interest at strike price of 5400 and 5500.
• On the put options front we have seen addition of open interest at strike price of 5300, 5200, 5400 and 5100.
• OI Concentration Chart Interpretation: From the OI Chart we can see that in July Series maximum addition of
• open interest on the calls front is seen at strike price of 5400 indicating it as resistance on the upside, whereas on the
• put options front we have seen addition of open interest at strike price of 5200 & 5000 indicating it as supports on
• the downside.