Nifty Trend for Today, Nifty Outlook for - 22-Nov-2012

NIFTY FUTURE-CMP(5622.1) is currently in BEAR trend . Yesterday the trend was STRONG BULL LOW VOLATALITY In Nov series Nifty future shed 1.61 lakh position in Open Interest and this accounts to -1.16 % of Total Open Interest in Nov series.The Nifty Nov series is trading at 7.3 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 3.16 lakh position in open interest and this accounts to 1.91 % of Total Open Interest in all series and cumulatively trading in average premium of 38.08 Rs to Underlying. The open interest is not increasing with trend so be careful and discount of share is also increasing so buyer 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 call side and writing of call is increasing The nifty Call and Put option is trading at discount so market is expecting rangebound between 5700 and 5600 Yesterday Nifty Put option has added 797.21 lakh position and Nifty call option has added 773.73 lakh position in open interest on cumulative basis Moneyflow wise Nifty Put option has added Rs 7.16 crore in value and Nifty call option has added Rs 8.28 crore in value on cumulative basis
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