The Nifty closed at 5751.95 in the last trading session losing nearly one percent. The Nifty futures premium has reduced to 26.20 points vs. 48.35 points leading to decline in the cost of carry by 43.72%. On the OI front the Nifty Futures open interest has declined more than 3.50%. Thus, this is indication that some long unwinding was witnessed in the last trading session. The Indian Volatility Index (VIX) has shown a rise of 4.39% indicating volatility has increased in the markets.

Stock Option Trend

On the call options front we have seen addition of open interest at strike price of 5800 and 6000. On the put options front we have seen addition of open interest at strike price of 5600. OI Chart Analysis: From the OI Chart we can see that in December Series addition of open interest on the calls front is seen at strike price of6000 indicating it as the Resistance on the upside whereas on the put options front we have seen addition of open interest at strike price of 5600 indicating it as good support on the down side.

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