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Sunday 28 October 2012

Nifty Outlook for - 29-Oct-2012

NIFTY FUTURE-CMP(5699.3) is currently in SIDEWAYS trend . Yesterday the trend was BEAR WITH LV In Nov series Nifty future shed 0.72 lakh position in Open Interest and this accounts to -0.4 % of Total Open Interest in Nov series.The Nifty Nov series is trading at 35 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net shed 0.03 lakh position in open interest and this accounts to -0.02 % of Total Open Interest in all series and cumulatively trading in average premium of 63.82 Rs to Underlying. The open interest is not increasing with trend so be careful
In options activity mainly confined to lower puts even though put/call ratio is high At current price strike the activity is tilted to put side and writing of put is increasing Yesterday Nifty Put option has added 540.62 lakh position and Nifty call option has added 503.08 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 17.79 crore in value and Nifty call option has added Rs 15.83 crore in value on cumulative basis.

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