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Wednesday 31 October 2012

Nifty Outlook for - 31-Oct-2012

NIFTY FUTURE-CMP(5628.0) is currently in BEAR trend . Yesterday the trend was VERY STRONG BEAR In Nov series Nifty future added 0.91 lakh position in Open Interest and this accounts to 0.51 % of Total Open Interest in Nov series.The Nifty Nov series is trading at 30.1 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 1.58 lakh position in open interest and this accounts to 0.83 % of Total Open Interest in all series and cumulatively trading in average premium of 60.65 Rs to Underlying. The open interest is also not increasing with trend so be careful and premium of share is also increasing so sellers be cautious 
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 608.07 lakh position and Nifty call option has added 587.62 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 9.9 crore in value and Nifty call option has added Rs 54.03 crore in value on cumulative basis



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