[7/13/2010 07:14:00 PM
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- The Nifty closed at 5383. Nifty future (July) closed at 5381.20 i.e. at a premium of 1.80 points vs. 1.60 points and added 603300 shares in open interest.
- The Nifty future (Aug.) closed at 5382.65 i.e. at a discount of 0.35 points vs. premium of 3.80 points and added 121050 shares in open interest.
- The cost of carry is at +0.71% vs. +0.54%.
- Interpretation: The Nifty future prices ended in positive terrain along with overall addition of open interest and increase in the cost of carry in comparison to the previous day, this is an indication of some longs being built at lower levels.
Stock CALL – PUT Trend
- On the call options front we have seen addition of open interest at strike price of 5500 and 5600, shredding of open interest was seen at strike price of 5300.
- On the put options front we have seen addition of open interest at strike price of 5300 and 5400.
- 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 still existent at strike price of 5400-5500 indicating it as Resistance on the upside whereas on the put options front addition of open interest is seen at strike price of 5300 indicating it as an immediate Support on the downside.
