Nifty Trend For The Day
- The Nifty closed at 5486.15. Nifty future (Aug.) closed at 5482.00 i.e. at a discount of 4.15 points vs. premium of 3.20 points and added 1103650 shares in open interest.
- The Nifty future (Sep.) closed at 5487.40 i.e. at a premium of 1.25 points vs. 7.35 points vs. and added 160400 shares in open interest.
- The cost of carry is at -1.62% vs. +1.07%.
Interpretation: The Nifty future prices ended in positive territory along with overall addition of open interest and decline in the cost of carry, this is an indicating of some shorts being built up at higher level.
The Historical Volatility of Nifty future is at 14.11% vs. 14.03% and the India Volatility Index (VIX) is at 17.00% vs. 17.37%.
Stock Options Trend for The Day
- On the call options front we have seen addition of open interest in August series at strike price of 5500 & 5700.
- On the put options front we have seen addition of open interest in August Series at strike price of 5400 and 5500.
- In August Series maximum addition of open interest on the calls front is existent at strike price of 5500 & 5600 indicating it as Resistance on the upside whereas on the put options front we have seen addition of open interest at strike price of 5400 indicating it as immediate support on the downside.
