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Wednesday 7 November 2012

Nifty Outlook for - 08-Nov-2012

NIFTY FUTURE-CMP(5793.25) is currently in BULL trend . Yesterday the trend was BULL WITH LV In Nov series Nifty future added 5.71 lakh position in Open Interest and this accounts to 2.91 % of Total Open Interest in Nov series.The Nifty Nov series is trading at 33.15 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 6.51 lakh position in open interest and this accounts to 3.09 % of Total Open Interest in all series and cumulatively trading in average premium of 63.82 Rs to Underlying. The open interest is also increasing with trend and premium of share is also increasing indicating bull move
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 The Nifty Put option is trading at discount so sentiment at lower level seems cautious Yesterday Nifty Put option has added 750.78 lakh position and Nifty call option has added 675.18 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 28.73 crore in value and Nifty call option has shed Rs -7.07 crore in value on cumulative basis.

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